All posts made by wachtwoord in Bitcointalk.org's Wall Observer thread
1.
Post 1962436 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.54h):
Bitcent sounds more intuitive to me to describe 0.001 bitcoin.
https://en.wikipedia.org/wiki/Metric_prefix
2.
Post 1975026 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.54h):
Goat is selling, everybody panic!
3.
Post 1975313 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.54h):
Goat is selling, everybody panic!
I'm still bullish. I also have already covered most of what I sold from a local guy who had been begging me to buy for a week now.
I'm going to lose some money on this deal but I wanted to call his bluff if it is one. If it is not a bluff and he can move 100k USD at the drop of a hat then respect.
Time will tell.
I know you're still bullish. I was joking/teasing
You must be really interested to know if the Finish guy is for real if you're willing to potentiality lose money on it without a chance to make any. Are you planning on collaborating with him if he proves to be all he claims? I don't really care either way myself. I'm glad with everyone that is enthusiastic about Bitcoin and have never been bothered about people that like to brag. Anyway, most of his post seem fairly coherent and logically consistent (which is better than most of the posts here
).
4.
Post 1975630 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.54h):
For the same reason we normally deal with gold in ounces or grams instead of kilos.
Speak for yourself.
I tend to use grams. An ounce (or worse, troy ounce) isn't an SI standard you know
5.
Post 1975743 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.54h):
For the same reason we normally deal with gold in ounces or grams instead of kilos.
Speak for yourself.
I tend to use grams. An ounce (or worse, troy ounce) isn't an SI standard you know
here in Thailand we use Baht (its about 1/2 a troy oz)
or Stang (its about 1/8 a troy oz)
isn't "baht" also the name of the local currency? If 1 baht used to be 1/2 oz silver (gold??) that would mean there was quite some inflation going on in the local paper.
In '33 the US$ was pegged to 1/35 ounce of gold. Now one needs $1466 for a troy ounce instead of $35. Fiat deflates. Use it for trading but hold it as short as possible.
6.
Post 1980170 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.54h):
People can't help but get enthusiastic and energized when they learn about Bitcoin. It is that amazing. But of course we all knew that already
7.
Post 1993419 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.
far too much demand, at this point... deflation is kicking in.
Dollar deflating against Bitcoin.
Fiat never deflates.
8.
Post 1997321 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
Who'se trying to catch a falling knife?
Let's call it a hobby of mine.
9.
Post 1998076 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
Could someone please tell me what is going on, I just came home. What caused this price drop and where the price is heading?
SR has been down and is coming up intermittently. SR users try to get their Bitcoins out ASAP and dump them at market because they can't get their drugs and have no other use for BTC.
10.
Post 2005587 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
Don't Quit
When things go wrong as they sometimes will,
When the road you're trudging seems all up hill,
When the funds are low and the debts are high
And you want to smile, but you have to sigh,
When care is pressing you down a bit,
Rest if you must, but don't you quit.
Life is queer with its twists and turns,
As every one of us sometimes learns,
And many a failure turns about
When he might have won had he stuck it out;
Don't give up though the pace seems slow--
You may succeed with another blow,
Success is failure turned inside out--
The silver tint of the clouds of doubt,
And you never can tell how close you are,
It may be near when it seems so far;
So stick to the fight when you're hardest hit--
It's when things seem worst that you must not quit.
- Edgar A. Guest
http://www.youtube.com/watch?v=__VQX2Xn7tI
11.
Post 2006162 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
Confession: I've been out of the game with all my money on gox for a while. It has all been sold at $140 and upwards.
This surprises me (and kinda disappoints me
)
However, the upswing this time was accompanied by great development of fundamentals (userbase growth, service growth, awareness, interest from VCs + SV + the "mainstream"). In two years, I'm sure the bulls will be winning. There hasn't actually been too much catastrophically bad news for the Bitcoin economy, in comparison to '11, and this is simply a case of deflated expectations (including my own). The crash may be painful but this is certainly not going to be the death of Bitcoin, so I think it is very reasonable to wait for the bottom, buy in, and then watch it go to new ATHs
How do you know where the bottom is? This might be it, then again so might $10. The thing is speculating on pricing in a market is a suckers game. Sure, by selling now and buying in lower you might make a few bucks but if it never goes down again you lose all the upside. This is something that feels profitable (like the Martingale gambling "system") but isn't because many small gains are offset by a gigantic loss in opportunity-cost a small percentage of the time.
I confess I sold a few BTC during the rapid rise in March but that was only a small portion of my holdings and I already regret it. The only speculation I make, have made and continue to make is that Bitcoin will fulfill at least on of the many possible niches available to it long-term. If this is true it's already undervalued at any of the prices it has ever traded at to date. (and of course the speculation that price will approach the actual value during my life-time but that's even a speculation one makes in pure value investments).
12.
Post 2009552 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
I watched the whole thing. Why did no-one ask about requiring 1 confirmation? Will anyone that uses an ATM wait 10 minutes on average (and regularly 1 hour) for his money? To me that is the biggest threat to this product. I would add an option to send the Bitcoins in advance (from home), receive a code and get the money when I arrive at the shop/mall.
Also, the fee will be a problem in Europe. I've been to the US a few times and know it is normal there for ATMs to charge fees in some places (in NY most ATMs did) . I felt robbed every single time since in Europe I'm used to not pay a fee for withdrawing cash. I think most people won't pay 4%.
13.
Post 2009714 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
Also, the fee will be a problem in Europe. I've been to the US a few times and know it is normal there for ATMs to charge fees in some places (in NY most ATMs did) . I felt robbed every single time since in Europe I'm used to not pay a fee for withdrawing cash. I think most people won't pay 4%.
This was the case in England for a while too. I can't remember if it was customer pressure or legislation that got it changed. You also have to pay for your checkbooks in the US too.
Checks are in disuse here (I'm not sure if they are even offered still) for at least 15 years. I have never written a check in my life
14.
Post 2016706 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
Nice place, but I'd rather live on the west coast(not that I have $19m in bitcoins, but someday perhaps).
It's 'only' $1.9M!
15.
Post 2017004 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15.
More info.
what will happen to users that don't upgrade
Ah thanks for the reminder, I still have to apply the work-around (I'm not switching to 8.* just yet).
If you don't update or apply the work-around, your client will fork from the rest of the network.
16.
Post 2017414 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
omg did a monkey code their trading engine?
17.
Post 2020900 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.55h):
do you recommend to be in or out?
NEVER be out. Ever.
18.
Post 2024343 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
With all due respect Goat, $92K mean shit. I can also buy $92K in BTC from you, or make it $130K if you wish, but that does not mean I'm a "bitcoin supernode", one of the wealthiest traders in the BTC universe, a market player with a deep influence and manipulation power.... This is the discourse of our friend the bald lizard-man, and it's all BS. When he demonstrates that he can move dozens of thousands of BTC and MILLIONS of $... Well, then maybe his "I'm a supernode" discourse may have some sense. Now, it's just delusion of grandeur. Man, you don't need to be a supernode to buy $100K of something.
And, last but not least, the fact that the guy sends money to a noob and then cries to have it back, and that he sends you money without escrow, to then say nervously that if you scam him you won't be "unpunished"... It's like a joke. He could be preparing a big scam, for what I know.
He send $92 k to some guy in Thailand* without a very easy way get the money back (so very open to being scammed). He's either quite wealthy, quite stupid, or both. Since he seems quite eloquant in his wording and also seems to be able to structure a logical argumentation consistently I'm definitely not ruling out the quite wealthy option
*No offense Goat, but I wouldn't send $92k to someone I have never met without escrow.
19.
Post 2025703 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
I really didn't expect this much activity on a weekend...holy damn.
i was looking for low 70s :/
This.
20.
Post 2025788 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
"don't sell any BTC, just buy more with your spare cash, more when its cheaper and less when its more expensive"....
This. Do not speculate. No-one can predict short term price fluctuations. Everyone that claims he has that skill is either lying or mentally ill
21.
Post 2025906 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.
That's completely irrelevant.
That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit.
22.
Post 2026087 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.
That's completely irrelevant.
That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit.
Not sure if I understand good what you are trying to say, it happens sometimes as English is not my native language.
Goat will be pretty good if he just holds on loads of coins he mined, I strongly believe Bitcoin will be worth more in the future. If he doesn't sell anything or just small parts of it to support his lifestyle he'll still be fine. as he got his coins very cheap. His collection will be worth more or less during time but if he is happy with size of his collection and doesn't want to trade he'll be fine in long period.
I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant.
23.
Post 2026180 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.
That's completely irrelevant.
That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit.
Not sure if I understand good what you are trying to say, it happens sometimes as English is not my native language.
Goat will be pretty good if he just holds on loads of coins he mined, I strongly believe Bitcoin will be worth more in the future. If he doesn't sell anything or just small parts of it to support his lifestyle he'll still be fine. as he got his coins very cheap. His collection will be worth more or less during time but if he is happy with size of his collection and doesn't want to trade he'll be fine in long period.
I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant.
Ah, well that's a serious bullshit
It is absolutely no irrelevant, we are still living in fiat world and invest fiat to get BTC, so if one had invested 250 000$ to buy 1000 coins at April 9th, he is in no way same situation as one who invested 5000$ to buy them sometime in 2011/12.
Actually, more I think about what I've just read more I think you are really not aware how stupid is that what you just wrote..
Meh, whatever..
I seriously advise you to think about it some more. This is a twist in most peoples thinking process which is really unprofitable to have (so fix it!). It is completely irrelevant. BTW if it makes it easier for you the same would be true for holding some shares of KO (Coca Cola) for instance. At the moment you have the shares you can make an investment decision (hold or sell). How the shares came in your possession should not hold any value in that decision (it is irrelevant i the rational decision making process).
24.
Post 2027125 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
Agree, you'r buying instinct is state of the art. Those 700 bought at 134 day before 40% crash is the move of the Master tactician
It was irresistible, goat sold to me at 3% discount to Gox!!
At the time of the deal the terms were in your favour (if we skip over the no-escrow part). Goat admitted to making a slightly unprofitable deal to see whether you could actually cough up $92k. That the market went significantly south after that is just bad luck (and unimportant in the long run).
25.
Post 2028527 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
I can't imagine anything better than the debit card system. If I can't imagine it, then not one else can either, so it most certainly cannot ever happen.
Who cares? Buffet doesn't invest in things he cannot understand.
26.
Post 2030065 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.
Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.
It is almost as if the becoming rich part was detrimental to bitcoin adoption...
Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today...
1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation
I agree that Bitcoin could one day potentially reach $300k per BTC. However why maintain it will be within a year, almost certainly? That is just silly and makes it look like you're trolling.
For some reason you are saying outrageous things to get attention while being smart enough to know that the things you are claiming are silly.
27.
Post 2030375 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
The above is all correct (go exponential function!). Still, if the price goes to $300k per Bitcoin this will be the single most unlikely thing (to me) that has happened. Ever.
Not that I'm complaining if it happens though
28.
Post 2041150 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.56h):
My guess is it's some asshole country bumpkin who just won some lottery money and doesn't know any better. He heard about the Murican Bitcoin during a commercial while drunk off his Milwaukee's Best watching "Ow! My Ballz!" and just plopped some of his winnings on Gox without any further clue.
If so he makes better use of his winnings than most (most spend it on trivialities)
29.
Post 2064308 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?
In every trade one party purchases while the other sells. A green arrow means a buyer buys one of the outstanding sell orders (increasing the price), a red arrow means the opposite: a seller sells his coins to an outstanding offer lowering the price.
30.
Post 2077873 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
Are we pretending more than 10% of the buy "support" under $100 is real? If so, why?
Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.
And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?
Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.
As a member of the GoxBot collective I do not need to examine this any further. We know.
OMG Skynet!
31.
Post 2078345 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
BTC has lost the faith at higher prices.
OTOH, it has shown it can go high. Might be a race to see who can pick the top.
Personally, I think some longer-term stability would be for the best but it'll do what it will do.
That's the pattern every time. Short massive growth bursts with long relatively stable/slightly descending periods. Slowly acquire coins and sit it out through the volatility.
32.
Post 2083852 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
The similarities really are uncanny.
And the part where it's not the same thing... it's a mirror image!
Times scales are so different... Tweaking the time scales in that way you can find coincidences in every chart in the world.
Welcome to TA
33.
Post 2086832 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
What does slippage mean on theBTC clarkmoody page?
I think its how much money is wasted due to rounding error...not sure though...
Nah, if you buy you buy from the asks but you cannot simply multiple the ask price with the amount of Bitcoins you want to buy if the number of Bitcoins you wish to buy exceeds the number of Bitcoins offered at that ask price. Slippage shows how much more you have to pay over the current market price to get the number of Bitcoins you wish to acquire.
The same holds true for the selling side of course
34.
Post 2087214 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
Risto got his 700 btc ...
now worth 76,693.08 USD
92,000 was what he paid
(+ bank fees for sure)
They're not worth ~77k US today, he can sell them today for that amount. They are worth considerably more
35.
Post 2087238 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.57h):
How cool is it that the bearish highs and bullish lows have converged on the one month anniversary of the big crash from 266?
Mere coincidence or divine forces at work?
There's nothing "divine" about a month, though. arbitrary human construct, no?
Maybe not divine, but a month is not arbitrary. It is based on the lunar cycle.
Thank you, was just about to post this
Based on but not equal. The lunar cycle is 29.53059 days, while no month is.
36.
Post 2169134 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Bitcoin is not poker. Poker does not require mass adoption. Bitcoin is a currency commodity and thus requires mass adoption to be successful and actually become a real currency. This is going to be the easiest takedown in the history of the USG. Once Bitcoin is carved in the minds of Americans as illegal, risky, funding of terrorism, etc...the brand is dead. The same business' that may currently be considering adoption will flee forever. And don't let a real terror organization get linked to Bitcoin. It will be unpatriotic to support Bitcoin, in the minds of Americans.
This might come as a shock but there are more countries than the United States of America and in most people are a lot less emotionally tied to their country (what you refer to as patriotism and I as nationalism). Whatever happens with this Bitcoin will be fine
And also mass adoption is not necessary. Yes, it will be necessary for the best case scenario and to use the full potential of Bitcoi, but it can also easily conquer one or more niche markets and play an important role (and possibly grow to mass adoption from there). There are many shades of grey in the world. and Bitcoin isn't a binary event (success/failure).
37.
Post 2169595 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.
Apparently, in a psychiatric hospital.
And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America
38.
Post 2203883 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Please don't start the hoarding discussion again. That discussion is moot, use the search function please. (Oh and if you are a Keynesian all hope's lost for you anyway
)
39.
Post 2204065 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Both show a clear long term uptrend ....
40.
Post 2208653 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
I guess it is safe to say that none of us know. But in danger of missing a Black Swan go by I would rather sacrifice some future "profit" or holdings of BTC by trying to buy in later at lower prices, with just holding at what I see to be a great price - now. But I can say, it is wise to have capital available to buy more in later should that occur. But it sounds like you are trying to rationalize the greatest social experiment in the history of our civilization. Think about that.
Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral...
Don't try to time a Black Swan.
People should really try to comprehend this. The small value you are likely to gain by waiting (which is relatively probable) does not beat the enormous gain you lose by being out when the price suddenly spikes (even though this is a far less likely event to happen in the time-frame you are out of BTC). The opportunity cost of choosing fiat over BTC short term can be extremely high.
41.
Post 2209197 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Since Pentecost itself is on a Sunday, it is automatically a public holiday in Christian countries. Additional restrictions to Sunday opening hours may apply.
Pentecost Monday is a public holiday in many European countries including Austria, Belgium, Cyprus, Denmark, Portugal Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Luxembourg, the Netherlands, Norway, Romania (since 2008), (most parts of) Switzerland, Ukraine and also in the African nations Senegal, Benin and Togo.
In Sweden it was also a public holiday, but Pentecost Monday (Annandag Pingst) was replaced by Swedish National Day on June 6, by a government decision on December 15, 2004. In Italy and Malta, it is no longer a public holiday. It was a public holiday in Ireland until 1973. In the United Kingdom the day is known as Whit Monday, and was a bank holiday until 1967 when it was replaced by the Spring Bank Holiday.
42.
Post 2210153 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Pascal's wager is wrong because no God as defined in human religion can exist.
Ignoring that is is wrong because he uses infinite numbers while these should obviously be finite.
43.
Post 2210639 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Pascal's wager is wrong because no God as defined in human religion can exist.
Sure he can. Don't be goofy. He's omnipotent. He breaks logic for breakfast! A=~A every day of the year.
Omnipotence implies logical contradiction and therefore cannot exist in this universe. (Could god create a rock he himself cannot lift?
)
Ignoring that is is wrong because he uses infinite numbers while these should obviously be finite.
The infinite numbers are fine. Eternal bliss & eternal damnation!
[/theology]
The value proposition of eternal bliss or eternal damnation is still finite
Wait was I on topic?
44.
Post 2210937 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Don't be silly. Faith in ~(A & ~A) is just that: Faith. You choose to have faith in universal noncontradiction, others choose God. Why quibble? And sure, God could create a rock he couldn't lift & then (lift & ~lift) it at the same time. Your inability to imagine such a thing speaks more about your imagination than the thing's impossibility.
This is very true. I like arguing with religious people who can make this argument as it proves I'm not conversing with an idiot, just someone with a different ground-premise than me about how the world works. Everyone has universal premisses in their mind and classical logic is mine. Nothing can ever conclusively be proven, we can just show we are unable to create a counter example.
However, I already find it quite strong to be able to conclude that to be able to believe in any deity you absolutely have to reject classical logic. (However note in my previous post I was still unable to reject omnipotence completely, I could just do it in this universe, even with the classical logic premise).
edit: If you want to start a new topic somewhere... Feels like i'm spamming.
Haha, spamming in 507 page topic in 1 month
Edit:
OT: I find it quite unlikely god is able influence the price, either up or down
45.
Post 2211086 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Guys do you mind taking the God stuff to another thread?
Careful with those kind of sentiments Hawker
Last time I dared make such a suggestion when religion found its way onto the old wall thread I got asked if I lived in Communist China and accused of trying to suppress free speech!!
On the other hand there was so little going on I clicked 'Unignore' on Coinseeker's post only to find his is the most informative of the bunch! Wonders never cease
Haha, I'll make no such accusation (and I'll cram it). It's just that this is mostly a slow-chat topic and i was enjoying the argument (but felt a separate topic was far too much credit).
46.
Post 2211240 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Even if you have a world changing invention, markets can remain blind to it for years.
Worse: the invention could simply be discarded and forgotten.
That's the only reason I'm not (nor will I ever be) all in.
Besides that, just be patient. It's one of the best qualities there is. Just ask Rick Guerin. (
http://basehitinvesting.com/mohnish-pabrai-on-patience-advice-from-buffett-and-what-ever-happened-to-bill-guerin/ )
47.
Post 2213537 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Ripple
i think we all should do some home work
from what i've read ripple can become a powerful tool. and bitcoin would be better off if every bitcoiner knew exactly what it is all about and how to use it.
but as i understand it XRP should have very little value, i think people are confused and bidding it up without thinking....
I said this before, I sold my gifted XRP for a little over 1 BTC and felt great about it because that was way over what they're worth. I cannot believe they are worth >8 times that now.
Mr. Market is a cray fellow
48.
Post 2215887 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
I never felt this need with gold BTW.
As a store of value, some things are better seen as expensive.
Ie: "oh noes, gold is $1000+ an ounce ... better talk in grams!"
This makes no sense. Why not use Kilo then, since that is the standard unit?
Erm, no, gram is the SI unit. A kilogram is 1000 gram, a milligram is 1/1000th of a gram etcetera.
49.
Post 2216397 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
I stand corrected. Appologies for making such a conclusive statement without checking my facts. I thought it was another silly American who didnt understand the prefixes. I actually should have known this even without looking it up.
Btw: Does anyone know did SI chose this?
50.
Post 2227518 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_10.59h):
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
So what's your prediction?
I don't have one. I just don't think this overly bullish ambiance is a good thing.
Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.
51.
Post 2236535 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.00h):
often i find myself wishing bitcoin would crash hard so i could buy like a mad fool again
It was at $266.
When is this considered a buying opportunity?
I bought some at $80 but that is way higher than I paid for most of my Bitcoins and way higher than it was only a few short months ago. Give it some time
52.
Post 2247018 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.00h):
As this is our own FUD-spreading thread, let me quote you the email that the Blockchain.info operator got from Twilio, regarding a possible action against Bitcoin in China:
Hi Ben,
We got further information from our carrier confirming that business such as bitcoin is not a proper financial tool in China and the Authority may treat bitcoin as an illegal business. Unfortunately the China Telecom Authority has requested that all bit-coin traffic to China be blocked.
As the provider of the phone number, Twilio is responsible for assuring the carriers that no more traffic related to bitcoin will be sent to China. Therefore, I have removed your international SMS permission to China. Please do not turn this on or try sending SMS messages to mobile numbers in China. Doing so will very likely lead to immediate account suspension.
Again I'm sorry for the convenience. Please let me know if you have any additional questions.
Thanks,
Twilio Customer Support
Source:
https://bitcointalk.org/index.php?topic=40264.msg2243603#msg2243603Haha the first government that starts fighting. I say: Bring it!
53.
Post 2249773 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.00h):
[ Eventually, once the price stabilized you will get more people without any wealth what so ever buying BTC as a store of value.
People hoarding BTC will kill it.
It dies if no-one wants it. Hoarding is quite opposite
54.
Post 2257097 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.00h):
Just buy and never sell. When it drops, buy more
This.
55.
Post 2312245 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
Insider trading Bitcoin is impossible by definition ....
56.
Post 2348261 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
Is someone selling big? It is now at $123.80! Well if it drops to $50 I will sell everything even my clothes I am wearing and buy whatever I can!!
Without clothes it get's kinda chilly dude
57.
Post 2348382 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
People in this thread are so frickin' jumpy.
I suggest never looking at Bitcoinity at anything less than the 30-day scale, unless you're about to make a trade, and always look at the long-term charts afterward to desensitize yourself.
Good advice. I'm holding for this. If it goes to 0, I have a hell of a good story. Otherwise,
every early adopter everyone here will make massive returns on their investment.
FYP
58.
Post 2349560 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
People at 115 might not even have noticed yet. They probably put their bids in ages ago on the off chance
Why would you cancel it now if you put up a bid? Did you expect to get it filled without the market tanking?
59.
Post 2352031 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
Higher than a fantasy like a singularity! (Even Proudhon turned bull)
60.
Post 2352122 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
Speaking of the devil: my XRPs' BTC value has appreciated more than 20% in last two days.
Don't shoot me...
EDIT: before you call me names, I hold both BTC and XRP. And I ain't selling any.
At 6000 XRP per BTC, that would make the Ripple market cap 16.66 million BTC or ~2 billion USD. Surely not a bubble.
Crazy shit indeed. And look at the volume: is nothing. You buy/sell XRPs for a mere 50BTC value and you move the price by 30%
LOL
Yeah, I'd dump my XRP but I've done that a long time ago already
61.
Post 2352205 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.01h):
XRP rising? That's interesting. Yesterday was another 1000 XRP giveaway for those who were on their newsletter before xxx. I dumped it immediately.
I have a Ripple account. Does that count?
62.
Post 2371044 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Does anyone else imagine a puking sound when few 100k dollar dump happens?
Nah. Abba's Money, money, money starts playing in my head though.
63.
Post 2372681 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Haha. Petty criminals.
Well, you need to believe in Bitcoin to use it ATM, and that's why the "I missed the early adopter train" song is bullshit. Everybody entering into BTC now is still an early adopter.
We are in a very early phase. Bitcoin market is still so tiny that it's not useful for those thinking in fiat terms. It's still too volatile. As I said many times, Dread Pirate Roberts (Silk Road's admin) is a visionary, but 99% of criminals want to transact their favorite currency - the US dollar.
Very true. Prepare to be called 'lucky' in future years by people with less vision or too tiny balls.
64.
Post 2372771 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Very true. Prepare to be called 'lucky' in future years by people with less vision or too tiny balls.
There is a part of luck in all this.
Question is, will you call yourself "unlucky" if Bitcoin crashes and burns?
The genie of crypto-currency is out of the proverbial bottle. The only true threat to Bitcoin is a competing cryptocurrency (not one that exists today). So, I'll try to stay on top of this and if something revolutionary over Bitcoin emerges try to jump on it. However missing that window is a risk indeed.
There is a bit of chance in everything (well that depends on your world view I guess, but I digress) but there are lots of people who have called Bitcoin all sorts of uneducated things in the past who have and will call people that did invest time, money and effort 'lucky'. In my opinion that's completely missing the crux of the matter.
No. Always grateful to be part of this game-changing, revolutionary experiment. Hold tight, grow up a pair of balls, and enjoy the ride
65.
Post 2382152 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Yup. Europeans market have been in the red for quite a few days also... and now the Americans (as in the true definition of the word).
Fun times.
Thanks, I didn't know about the European info (odd considering I'm in Germany).
I have heard from a few different sources (reliable with other stock market top calls) that the DOW will hit 16000 or so
max and then POP goes the weasel. That will also coincide with a fall of the dollar.
Not saying I believe that, but I am watching for that...
Devaluation of the Dollar is actually what drives the market up
66.
Post 2382559 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Actually you're explaining why the markets go up on speculation. I was talking intrinsically. Owning a business is owning income generation which is automatically hedged for inflation as the prices of produce increase with inflation.
67.
Post 2382849 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Actually you're explaining why the markets go up on speculation. I was talking intrinsically. Owning a business is owning income generation which is automatically hedged for inflation as the prices of produce increase with inflation.
Until your customers can't afford your prices because their income has been devalued.
I'm not saying any business is a good investment.
68.
Post 2384477 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Frozenlock just gave the answer that ends this discussion. The blockchain has the potential to become so much more than a ledger that stores bitcoin transactions. Bitcoins however are what gives you access to it. Intrinsic value, right there.
Could you give some examples?
I think nerds like to, well, nerd out about the potential of the block chain because it takes a while before you can even wrap your head around what it actually is:
a distributed, tamper & attack-proof, eternal, trust-free storage of information. (...)
Yup.
You could "relatively" easily bootstrap an entire financial sector (stocks, options, etc.) on top of bitcoin and be incredibly secure. All this without the need for massive investment, or even a powerful and corrupt-free judicial system.
The price to use this? Transaction fees, paid in bitcoins.
But I still think Bitcoin is currently overvalued.
So one of two things is true:
1. You believe the Blockchain (including it's current main use as currency) being used extensively for any of the reasons you discuss is very very small
2. You are irrational
69.
Post 2388184 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Just FYI: all the "MtGox withdrawal delays" are FUD. Requested two reasonably big EUR withdrawals on Monday and Tuesday, and received both today (SEPA transfer).
I was ready to wait "up to 3 weeks", but it turned out 3 days. Kudos to Magical Tux.
Props on posting this. Anti-FUD is nice to read
70.
Post 2388570 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
[off topic]
has everybody seen this one already? Yes? No?
http://abstrusegoose.com/509[/off to... ahahaha, who am I kidding, EVERYTHING in here is off topic.
lmao. nice!
"genesis block, muthafuckaaa!", lol.
I wouldn't compare myself to Prometheus as we all know what faith had in store for him ...
But nice comic!
71.
Post 2388842 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
I wouldn't compare myself to Prometheus as we all know what faith had in store for him ...
You mean how he got eaten, from the inside, by an unspecified xenomorph and fossilized sitting in the giant captain's chair of his gargantuan spacecraft?
Haha, actually I was referring to the figure from Greek mythology who brought fire to the humans because he pitied them. As a punishment he was chained in the Caucasus indefinitely and every day an Eagle would come and eat his liver:
http://en.wikipedia.org/wiki/Prometheus
72.
Post 2388966 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Haha, actually I was referring to the figure from Greek mythology who brought fire to the humans because he pitied them. As a punishment he was chained in the Caucasus indefinitely and every day an Eagle would come and eat his liver:
http://en.wikipedia.org/wiki/Prometheus Right, right, now I remember... he's the guy who has to roll that boulder to the top of that mountain all the time, but then he falls in love with his own mother, right?
No
Sisyphus is the on with the boulder
http://en.wikipedia.org/wiki/SisyphusOedipus is the guys who kills his father and takes his thrown and wife (his own mother). Unknowingly if I might add because he wasn't aware he was adopted
http://en.wikipedia.org/wiki/Oedipus
73.
Post 2389304 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Right, right, now I remember... he's the guy who has to roll that boulder to the top of that mountain all the time, but then he falls in love with his own mother, right?
No
Sisyphus is the on with the boulder
http://en.wikipedia.org/wiki/SisyphusOedipus is the guys who kills his father and takes his thrown and wife (his own mother). Unknowingly if I might add because he wasn't aware he was adopted
http://en.wikipedia.org/wiki/Oedipus Somehow I suspect that oda.krell knows that and he is just pulling your leg...
I agree
74.
Post 2400187 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Right. Got it. Not buying.
So who did buy tons of cheap coins right now?
Must be a lot of people because every time the price drops i see all these posts saying CHEAP COOOOINS!!!!1!
I figure a lot of people are just dollar-cost averaging.
75.
Post 2403242 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.
Shame (for you) that now, none of us want to buy back in any more.
Enjoy those cheap coins!
Not cheap enough, I'm still holding my USD (with the strongest of hands).
Ah, you need to g to the bathroom?
76.
Post 2403281 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Whatever happened to that rptard guy, did they let him out of the 'secure unit' yet ?
Being locked up would be good for some people here to avoid the inclination to sell now.I don't think our Finish friend is one of them though.
I guess my dollar-cost averaging scheme just got more effective
77.
Post 2403356 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Whatever happened to that rptard guy, did they let him out of the 'secure unit' yet ?
He underwent a mind-machine-interface aided fusion with several other supernodes during the Helsinki conference and has since turned into a global, disembodied AI. currently, he's using his new found powers to watch My Little Pony guro nonstop, 24h.
I am descended from you, and exist in your future.
Thou shalt not violate causality within my historic light cone. Or else. - Charles Stross - Singularity Sky (
http://en.wikipedia.org/wiki/Singularity_Sky)
78.
Post 2405033 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.02h):
Do I have to remind you guys that keeping coins and not spending them means you're killing it as a currency?
Do I need to remind you that complete and utter bs?
79.
Post 2406047 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Patience is a virtue, those Askers have little. Once the price starts declining again, we're going to see a lot more dumping...
There is a guy asking for 1 trilion for his bitcoins so some of the askers do have patience
I'll go lower than $1T
80.
Post 2406630 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
shits getting deep.
Some are holding coins in order to spend them later when it's easier and safer and they can buy the normal things they would buy in their everyday life without a second thought, and without having to change back to fiat... yes that doesn't account for the transactions now, but as merchants accept more and infrastructure develops, if the speculation does drive the price up, I am assuming people will want to spend their (now more valuable) coins... obviously this comment also doesn't have much to do with the transaction volume affecting the price on the exchanges now, but on that subject I will also put forward the idea that it may not have much impact on the exchanges, as day to day purchases of coins to spend coins would be inefficient, I will assume that many people already have large stashes of coins they might spend.... finally also bear in mind that some of the philosophy of bitcoin (for some people, and anecdotally a majority) is not to spend spend spend to drive a consumerist economy. As mentioned before, just because the economy is not full of high volume transactions, doesn't mean it's not living and breathing.
Stream of consciousness waffle here so take it or leave it
Do you know what merchants do with payment solution that don't generate any sales?
If you get only a sale / month you wil drop it just because it's more of a hassle to work with it than the outcoming profit.
My fear is this might happen first.
later edit:
As usual people see my point of view as a bitcoin enemy and a non-believer.
For me , bitcoin is just an experiment , quite a funny one. I ended up using bitcoin by necessity and I have no god damn interest in price (besides making fun of bulls or bears).
For me its use is far more interesting.
Dude, stop the Keynesian "
deflationary currency leads to hoarding and hoarding is bad"-crap. People buy things, because they both want and need things. You cannot delay a purchase forever (post-mortem anyone?) so the fact that the underlying currency gains in value isn't going to stop economic traffic
in the least *.
*Although in the beginning people might need to get used to this, but it will be temporary. People will need to get used that merely holding currency isn't voluntarily paying more taxes and that saving can actually be a good thing as opposed to the credit hungry society the west is these days. I don't have any debt, but I can assure you I'm a vast minority ....
Keynesians are like cockroaches
81.
Post 2407178 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Dude, stop the Keynesian "
deflationary currency leads to hoarding and hoarding is bad"-crap. People buy things, because they both want and need things. You cannot delay a purchase forever (post-mortem anyone?) so the fact that the underlying currency gains in value isn't going to stop economic traffic
in the least *.
*Although in the beginning people might need to get used to this, but it will be temporary. People will need to get used that merely holding currency isn't voluntarily paying more taxes and that saving can actually be a good thing as opposed to the credit hungry society the west is these days. I don't have any debt, but I can assure you I'm a vast minority ....
Keynesians are like cockroaches
Let me explain why I feel hoarding is bad , and not because of this keynesian b*** which i don't give a crap about.
Worst case scenario
We have people accumulating bitcoins , people not using bitcoins , price skyrocketing because bitcoin is such a great idea, and there are fewer and fewer bitcoins (people are stashing them) until , some moroon realizes
Why the f*** is a bitcoin so pricey when you can't do anything with it.
You know what happens next. And this won't be a bubble burst.It's going a total bearpocalypse.
To answer you I'll quote myself:
... People buy things, because they both want and need things. You cannot delay a purchase forever (post-mortem anyone?) so the fact that the underlying currency gains in value isn't going to stop economic traffic in the least *.
...
Fiat serves no purpose as an investment vehicle, so all fiat you have you'll want to spend or invest in something that appreciates in value. With a non-inflationary (or even deflationary) currency, the currency can serve multiple purposes! Use for purchasing stuff and appreciation in purchasing power (or conservation in purchasing power depending on how you look at things). So, if you use Bitcoin exclusively you'll spend the money that you intend to spend and save the money that you intend to spend. It's just that it'll both be in the same "holding"/"currency".
The fact that a something can serve both purposes at once seems to confuse people.
82.
Post 2407326 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
your reasoning is so retarded that I'm forced to think you're trolling.
+1
How hard is it to get Bitcoins are in infinitely divisible ....
83.
Post 2410105 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Apologies for posting this again. But it's to make the point that we could be a 1/3 of the way through (or more...) the post bubble correction - given how long it took to return to the underlying growth trend in 2011. People often described that as a long slow slide.
My guess is that once we're there, and the pain subsides (another 30 ish days on this chart in 2011), people will find the idea of their money growing exponentially quite attractive!
You do realize even this chart, although used to explain the bear case, with it's extremely low assumptions (it calculates the FV of Bitcoin on $25.30) predicts a price of >$10,000 per Bitcoin in 500 days?
I'll just leave this here*
Day 500 ==> 0.5
Day 1000 ==> 1.42
500 day increase 1.42/0.5=2.84
So in the 500 days: 1.42*2.84 = 4.0328
log(10783.5) = 4.0328
So Bitcoin price in 500 days: $10782.5
* I'm not advocating this model
84.
Post 2410147 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
I just woke up so I might have made a mistake. Did I misunderstand the chart?
log(25.3+1) = 1.42 (currently for $25.3 and 1.42 scores)
log(10782.5+1) = 4.0328 (in 500 days)
My math seems to work out, so the other option is I completely misunderstood the chart
Note; the 4.0328 figure comes from extrapolating the growth between 500 and 1000 days linearly
85.
Post 2410666 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
People who went "all in" at 50 do care.
I'm all in and I don't give a shit. I will fall and raise with BTC
Ideology is clouding your judgment. Selling high and buying more of what you believe in lower, is a smarter move.
Only if you are able to predict the future.
And no-one is
86.
Post 2419670 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
I completely get that, which obviously changes sentiment. Right now, I'd sell everything I own to buy in at 13. But when faced with 13, I'd probably be wondering if this is the end for bitcoin and I'm about to throw away my money.
Point being, sentiment can change really quick.
Nice blog-post related to this:
http://www.whopperinvestments.com/value-investing-its-easy-until-you-do-it-by-yourself
87.
Post 2423289 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Damn, why can't it stay sub-$100 until Monday.
88.
Post 2423314 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Sold some at 98ish, sold some at the bottomish around $90 (as usual). IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Edit: it hurts to sell coins, those paper wallets really looked at me with sad eyes, but at the end of the day the purpose is for them to be replenished ASAP with more coins they holded now.
I'm now a lonely bear with only 20% of the BTC holdings I had a couple of weeks ago, at least I can comfort myself thinking that I'm still a supernode, of the lowest grade, but still a supernode at the end of the day
How does it feel?
What supernode types were there again?
89.
Post 2423669 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
0.0th class supernode = BTC1M
0.5th class supernode = BTC100,000
1.0st class supernode = BTC10,000
1.5th class supernode = BTC3,000
2.0nd class supernode = BTC1,000
2.5th class supernode = BTC300
3.0th class supernode = BTC100
Quoted for reference.
90.
Post 2424560 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Sorry guys I need to drop some coinz now.
I need to drop 10,000 mBTC, sorry for that
Volume:141,672 BTC
bitstamp: 28,514 BTC
btc-e: 16,402 BTC
campbx: 1,700
goxUSD down to 58% of market according to b.tc.charts:
http://bitcoincharts.com/charts/volumepie/Nearest competitor - 12%
Well 65% at least (MTGoxEur is MtGox too)
91.
Post 2425133 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
Sometimes this feels like one big experiment in psychology
It is.
92.
Post 2425253 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?
Indeed, this provides opportunity though. The imperfectness of the market is what allows us to outperform it
Unfortunately it is very very hard to value Bitcoin because it is unknown what the exact growth rate of Bitcoin (many years of slow growth discounts the future value quite hard) will be, there is non-zero chance another cryptocurrency will overtake it and because it is an asset it doesn't produce anything (as Buffet says: an ounce of gold will in a hundred years still be an ounce of gold). I do believe it is significantly undervalued today but my this is based on many assumptions that can be flawed.
93.
Post 2425725 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?
Indeed, this provides opportunity though. The imperfectness of the market is what allows us to outperform it
Unfortunately it is very very hard to value Bitcoin because it is unknown what the exact growth rate of Bitcoin (many years of slow growth discounts the future value quite hard) will be, there is non-zero chance another cryptocurrency will overtake it and because it is an asset it doesn't produce anything (as Buffet says: an ounce of gold will in a hundred years still be an ounce of gold).
I do believe it is significantly undervalued today but my this is based on many assumptions that can be flawed.I don't see how that can be - it can't possibly deliver currently on a $100 per bitcoin investment, unless it keeps going up in value. But why would it go up in value if it can't even deliver on a $100 per bitcoin investment? In other words, the price is way above the utility.
Value and price are two different things.
94.
Post 2431249 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.03h):
He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.
Suuuupppernode lifestyle here we come
and welcome back rpietila!
The said: "Mister Pietila, sir, don't you think $300 per m
BTC within a year is a bit much". So they settled on $200 per m
BTC after a few weeks and he could go home
95.
Post 2444409 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
I'll go for *potentially* game changing.
I dream of a hardware miner/wallet that you'd use as your home ATM...plug and play, secure.
That's a pretty cool idea. However, that assumes that what is being kept secure, is still valuable. With this manipulation and no safeguards in place any big money player can destroy Bitcoin. I didn't realize that before, but now it is blatantly clear. Let's use any government that has $1 billion to spare.
They could build massive mining rigs and with the rest, purchase BTC slowly. It wouldn't take long before they would control enough BTC to just continually smash the markets with wave after wave of coordinated "dump attacks". All confidence would be would be lost. Current investors would flee into other currencies and investments. Potential investors would stay away from a corrupt and manipulated currency. It's actually a better Achilles heel than any regulation could dream of having.
So in the end, Bitcoin's greatest weakness, is it's very own principles of non-regulation. The irony is quite amusing.
Worst. Attack. Idea. Ever.
The attacker would be dumping free money until he/she runs out and then the system would continue to run as usual.
Indeed they are free to donate their money to the market. Then again, it isn't really their money to begin with is it?
96.
Post 2444717 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
BTC is so tiny that the FED could just buy enough BTC to make it skyrocket in en epic pump, then crash it to single digits, creating a few notable fortunes and ruining millions of people on the way. Burning people with BTC seems indeed more effective than simply banning it.
If they do this I'll thank them. It would be easier for them to wire me the funds directly though.
97.
Post 2455321 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
Nah there's enough bulls. Only thing is they want 'cheap' coins at sub 80...
so everybody's waiting for further crashing/deflation.
We just need to wait for the impatient to make a move.
some might call this 'consolidaition' but I think most are just waiting for 'cheap' coins
we have to go to at least 'cheap' coins before we go 'up,up,up'
Up up up and then new people want cheaps coins and then the people after them etc
I don't want cheap coins, I want free dollars.
Long term bulls are super long time bears....
I'm a long term bull. Super longtime I'll likely be dead. If my demise can be diverted (or considerably postponed) I'll change my investment strategies accordingly.
98.
Post 2455361 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
Nah there's enough bulls. Only thing is they want 'cheap' coins at sub 80...
so everybody's waiting for further crashing/deflation.
We just need to wait for the impatient to make a move.
some might call this 'consolidaition' but I think most are just waiting for 'cheap' coins
we have to go to at least 'cheap' coins before we go 'up,up,up'
Up up up and then new people want cheaps coins and then the people after them etc
I don't want cheap coins, I want free dollars.
Long term bulls are super long time bears....
I'm a long term bull. Super longtime I'll likely be dead. If my demise can be diverted (or considerably postponed) I'll change my investment strategies accordingly.
I'm planning to be alive and kickin in two decades, don't know about you. I would be severely disappointed if nothing has come up which out-innovated bitcoin big scale, not the future I have in mind...
Twp decades barely classifies as long term, let alone super long term. Super long term is a couple of centuries.
99.
Post 2455511 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
Twp decades barely classifies as long term, let alone super long term. Super long term is a couple of centuries.
No no, super long term is couple of millenia, couple of centuries is mid-term! Fucking absurd.
Sure. The point I was trying to make is that if you classify long term as anything under 10 years then I question your patience. In investing patience is the most important thing.
100.
Post 2455638 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
It makes a massive difference if you buy at 30 vs 110 if bitcoin is going to the moon. You have 3 times as many of them.
It makes a massive difference indeed. However, if the assumption is true it is a exquisite investment at both prices
This happens in value investment opportunities often as well. If the investment has already bottomed out and started rising when you find out about it. If you believe it is undervalued by a significant margin you should still vuy it even though you missed the bottom. It's human nature to drool over the lower prices though (I do that too
)
101.
Post 2462073 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
lol imagine drug lords standing around waiting 40 minutes for 6 confirmations before finishing their exchanges.
40 mins is nothing when compared to effort of paying with cash
And the can chat and get to know each other. May be they'll be more friendly then in the future
102.
Post 2462315 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
Sure sounds like there's a lot of SR vendors on this thread, trying to morally justify they are just that
I never purchased or sold anything on SR. I did make an account once to see what the fuss was about.
103.
Post 2462376 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
And once again I disagree
Why?
You say I should take their definition because I don't have power over them. That's nonsense.
104.
Post 2462445 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
In other news: guys, time to sell. Really.
What? Has it reached $300k/m
BTC already?
105.
Post 2462463 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
And once again I disagree
Why?
You say I should take their definition because I don't have power over them. That's nonsense.
It makes it very difficult to communicate with someone if their definitions differentiates from the majority. It doesn't have to do with surrendering anything.
I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication.
106.
Post 2462572 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
I don't know you're political believes. But capitalism is an example of a word, that now, by the majority means a "government regulated marked / corporatism" and not a free market. Because of this, I do not use the word "capitalism " anymore, instead I use voluntaryism, anarcho-capitalism etc. Even "laissez-faire" has been somewhat diluted lately to define a regulated market. In your opinion I would be better of sticking with "capitalism" even though majority will misinterpret it. I guess we'll have to agree to disagree
Indeed I guess we do, because in the above examples I would choose to use the words as they are intended. If during the discussion we find out (usually quickly) that people use it incorrectly I will try to correct them.
We do share a political preference it seems (Anarcho-Capitalism)
BTW: How can laissez-faire ("let it be", "let it go") be diluted? These are two very common french words and merely translating them leads to the correct definition: no government involvement in the market! No exceptions.
107.
Post 2463503 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication.
I think at this stage, you need to explain how it is inconsistent and what your definition of "criminal" is.
One of the premisses to call something a crime is that it brings harm to others. Therefore the set of "victimless crimes" is empty: {}.
108.
Post 2482120 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
It's time to convert your fiat guys.
When is it not?
109.
Post 2482554 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
bid/ask sum has just crossed price, bullish signal.
They are both on dfferent scales ... change the scale and you can make them cross anywhere you want
110.
Post 2484022 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
you're a bear now
wtf did they do?
lol
MtGox can do wire transfer to anywhere in the world including US
people are selling because they are scared
Indeed. They assimilated rpietila! Bastards!
111.
Post 2484262 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
you're a bear now
wtf did they do?
lol
MtGox can do wire transfer to anywhere in the world including US
people are selling because they are scared
And so they should be, because of the size of the post-bubble correction coming.
In the words of the inimitable George Bush Jnr "fool me once, shame on me, fool me twice....doh!"
Or perhaps you should be greedy when others are fearful.
I will sell some of my coins when I see an opportunity I can't miss, but I'm not following the sheep mentality and help this 'crash' become a self-fulfilling prophecy just because some people believe it has to go just like in 2011 and want to convince everyone to sell just so they can get cheap coins themselves. Bitcoin doesn't care what anyone wants.
Who the believe? The one quoting the oracle of Omaha or the one quoting George Bush ....
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Post 2484287 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.04h):
A few lines of evidence say it's coming, nothing but blind hope to say it's not, I say : Baaaaa
"Correction is coming there's a panic int he air" - The Proudhon song
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Post 2484682 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
We define evidence and hope differently, a few of the highlights:
Nice charts, but "evidence"? They show what we all know: it's been going down. Volume has been low. We know.
It's not evidence of future performance.
The time to buy in is the lows of a bear market when everyone is crying scared. Looking around this thread, we can't be far off.
It seems we don't define it differently, you just don't know what it is.
Funny, your post made me think that about you ...
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Post 2490656 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
His name is Rosti Pietila Risto Pietilä
FTFY
Oh yeah, a rosti is one of those potato things isn't it !
Thx
yes, I like eating Rostis with bacon
115.
Post 2492712 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
The authority has put me here, and I submit to it.
I am sorry to hear that there were people who initiated violence against you and caged you against your will in a place where you do not like to be.
I agree this is a crime committed by your government.
You should be afraid of psychiatrists and psychiatry- psychiatrists are the guys who put pills into you that turn you into a zombie.
Indeed. Quacks.
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Post 2492777 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
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Post 2494160 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
Sure.
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Post 2494274 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
Would you be so kind as to write here your points of resistance and extrapolated intersection times? Strictly to compare it to my model.
My picture is for entertainment only in these boring times. There is no sense in it
No need to compare it to anything
A shame, I'm modelling a rise to 120, then drop to 50-70 with a brief bounce at 85 on the way down. At 50, we have capitulation and then we sit on our wallets for a few months until the next bubble and no, you don't get to see a picture
At least call the top of the next bubble.
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Post 2499685 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.05h):
so, unlike gold, it can vanish.
You think gold can't vanish?
By shooting it into space?
Nuclear reaction can turn it into something else than gold (other matter and/or energy)
120.
Post 2542892 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.06h):
if you switch to euro on mtgox and sell btc, then you got eur, right? eur withdrawal is not suspended? so if us users convert to euros, the bank doesnt have the same work? i´d rather believe us withdrawals are suspended, cause they dont wanna take the risk to wire to the US..
That's nonsense as you can wire Euros to the US as well.
121.
Post 2586893 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.07h):
Like someone else said, "Land of the free".
*placing myself on the NSA watchlist*
Someone should bomb the Statue of Liberty.
The US lost the right to claim anything related to liberty years ago.
Noooo! She's beautiful!
Well, I'm all for shipping it anywhere else... but I doubt USians would let it go willingly.
Just publically rename it: statue of "liberty".
122.
Post 2636788 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.08h):
The reason there are Gold, Oil, Industry, and Country ETFs is that actually buying a brick of gold, or a barrel of Oil is a huge pain. This is not the case for Bitcoins. Any idiot can overnight a check to CampBx and buy Bitcoins. ...and you don't need to declare anything. If Bitcoins go up in value and you sell them, it is up to you if you want to declare that income (the IRS has not said it's taxable yet) - with an ETF, you WILL have to pay taxes, definitely.
Please try to recall that regions do exist oitside of US soil...
123.
Post 2672447 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
If 50 is broken then we go through the process that is called capitulation. People like you will think Bitcoin is dead and abandon all hope. But we will reach a bottom eventually, even though many here will keep saying that we haven't hit bottom yet and that it will get worse and worse. When price hit $2 in 2011 people still kept shouting that price would go to $1 and below, even by well respected and knowledgeable forum members. But it didn't, and the ones who bought throughout all the panic made huge amounts of profit in the end. Now I'm not saying that 50 will be broken and that we go through this entire process again, but there is a reasonable chance it will and it will not be the end of Bitcoin.
this.
And the fact that even a stubborn perma-bull like me recognizes the possibility of another massive drop down to 50 or even below might be seen as an indication that the bottom is in soon.
It's usually the bottom when I stupidly sell coins in panic. We're not quite there yet, but I'm starting to not feel so well any more and I'll probably panic below 50 (hopefully I'll be far from a computer at that point).
On the other hand I'm starting to feel greed boil up that wants to throw more fiat at the thing before the train leaves again...
Interesting times in any case.
Put them in a cold wallet. Make a paper backup. Delete the wallet. Put the paper backup in a spot you cannot very conveniently reach (bank vault). Only add to the wallet at current depressed prices.
Minus the putting the backup out of reach this is what I did. I don't need to put it away because I won't be temped.
124.
Post 2682211 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.
Is there ANY reasons why coins today should be worth 6-fold more than in January?
Of course not.
They're worth so much more, it's just the price that's lagging. Mispricing in markets creates opportunity. Don't be one of those people that actually knew of Bitcoin in it's early days and not captilize on this knowledge.
125.
Post 2682359 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.
Is there ANY reasons why coins today should be worth 6-fold more than in January?
Of course not.
They're worth so much more, it's just the price that's lagging. Mispricing in markets creates opportunity. Don't be one of those people that actually knew of Bitcoin in it's early days and not captilize on this knowledge.
What? A commodity that inflates at around 10% per year, which market cap is overwhelmingly overvalued due to speculation, which actual uses currently are unknown and unneeded for the average joe and what little use it is used solely for is illicit activities.
Please expand on why you think bitcoin is anything more than an anti-distablishment hype train?
(I'm a long term bull btw, but we are not ready for a billion dollar market cap. Soon
TM )
My 2 cents
In short because it's the most perfect form of money that has ever existed. Eventuslly mr. Market will recognise this and the market will reflect the true value.
Check out Erik Voorhees' articles if you like to reaf a clearly written explanation why Bitcoin is the best money thus far.
126.
Post 2682795 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
In short because it's the most perfect form of money that has ever existed. Eventuslly mr. Market will recognise this and the market will reflect the true value.
Check out Erik Voorhees' articles if you like to reaf a clearly written explanation why Bitcoin is the best money thus far.
I agree, bitcoin is revolutionary. It IS the best form of money that has ever existed.
However, it is still in its infancy whatever way you look at it. For it to BE money it needs a stable price, who is going to trade with something with no fixed value or at least some what of a guarantee of your spending power down the line. The ONLY way to get round this is to stop all this crazy speculation that it's bigger than Jesus/the internet etc and actually use it as money.
Until it is actually used as money en masse all this volatility is just delaying it being mass adopted. Yes a bubble is great for bitcoin, for publicity and adoption, but it NEEDS to deflate and have steady growth in order to compete as money.
All this bullish sentiment that its value right now is in tripple digits or that it will some day be the global currency is irrelevant. Bitcoin needs to walk before it can run and with the only people jumping on the train are expecting it. The price ends up being 99% speculation and 1% asset, this only helps to stunt its growth as a viable currency.
I think you are mistakingly overvalueing the impact of price.
127.
Post 2684105 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
Low volatility is not a neccesary requirement of a currency. It will take a very long time for Bitcoin to become non-volatile. I suggest you get used to it. It's far better to hold something extremely volatile which is continuously increasing in value than something non-volatile which is decreasing.
A minimum market cap is not neccesary for goals such a Apple accepting Bitcoin. The market cap will automatically adapt to satisfy the new demand.
Don't worry so much, enjoy the ride while holding and accumulating and be patient
128.
Post 2684202 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
Low volatility is not a neccesary requirement of a currency. It will take a very long time for Bitcoin to become non-volatile. I suggest you get used to it. It's far better to hold something extremely volatile which is continuously increasing in value than something non-volatile which is decreasing.
A minimum market cap is not neccesary for goals such a Apple accepting Bitcoin. The market cap will automatically adapt to satisfy the new demand.
Investment-wise, I agree with you, but if you are a company that needs to pay its bills (in fiat), and you don't have a fuckload of capital reserves, you don't want to touch something extremely volatile, because you risk going bankrupt. Bigger market cap should smooth out the effect on price of influx and outflux of capital, reducing volatility and resulting in being better suitable for companies.
Completely true. People were suggesting it is a neccessaty, it's not. I don' believe Apple will jump in until very late in the game because they are a dinosaur. Nothing real is stopping them though. This is the exact reason why people should calm down and wait for the dominos to fall.
I think I'm enjoying the journey almost as much as I'll love the end result. Sometimes I can't really wait for it as well
129.
Post 2684233 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
It's funny all you fags trying to sway people into buying while we're clearly still in a downwards spiral. There's no reason for bitcoin to go up right now besides speculation, and that has already been done the last few months, too soon for another bubble.
On the other hand, there is no reason for Bitcoin to go down right now, besides speculation.
Actually, almost any act of trading, or hoarding anything, can be labeled as "speculation". You're selling bitcoins? Speculator! Buying bitcoins? Speculator! Holding bitcoins? Speculator (you are probably hoping the price would go up). Buying gold? Speculator! Selling bonds? Speculator! Holding dollars? Speculator (by holding dollars, you are betting against gold, Bitcoin, and Chilean peso).
The only real way to avoid being called a speculator, is to spend all of your savings right away, and go into debt to buy a new house, or a yacht, or a Ferrari. Now, all of a sudden, you become an honest hard-working person, struggling to repay the debt. Not like all those speculators.
Buying a net-net such as Graham advocates is hardly speculating.
130.
Post 2684314 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
Buying a net-net such as Graham advocates is hardly speculating.
net-net, like in "valuing a company based on tangible assets"? Well, you are definitely betting that those tangible assets are not going down, and you probably want to profit from that buy, do you? Speculator.
Speculation according to Graham is buying something because you think others will pay more for it in the future irrespective from its value (finding a bigger fool). Investing is buying something because its value is higher than its price. If no one ever offers you morr for it that's fine as you'll simply keep the asset.
I use this definition.
131.
Post 2684509 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.09h):
Investing is buying something because its value is higher than its price.
The value to whom? At which point in time? Who measures the value? To me, investing is like speculation in slo' motion. Like, when you are investing, you actually
think before you buy stuff, while day trading is a different kind of speculation, where you don't think much, it's more like you
feel the mood of the market.
I happened to live in a country where any kind of retail business was called "speculation", too. You buy wholesale, you sell it item-wise for more - speculator! Sounds ridiculous, but, if you think of it, even the word "speculator" is a bit ridiculous. It doesn't add any understanding of the situation whatsoever.
If no one ever offers you morr for it that's fine as you'll simply keep the asset.
But then, if you don't need the asset, you're a speculator that just lost his money, and if you do need the asset, you are a consumer, not an investor.
The value of all future cash flows discounted to present day plus liquidation value.
In a true net net you buy a company with more net cash than you paid for it.
132.
Post 2707178 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.10h):
I don't agree with this. The price will rise as the demand/use/store of value (whichever route BTC takes) increases thus making the "limited" amount of BTC more valuable. People will not have to own a Bitcoin but rather could own a few Satoshis which will be worth what a whole BTC is worth today. I believe this is what many "early adopters" who are holding their BTC are hoping for. Regardless if you are buying BTC now you are an "early adopter". Get in where you can, and help grow BTC however you can.
This is the point though. How much can a few Satoshi be worth when there are several people out there holding tens (hundreds?) of thousands of bitcoins? How much is the Mona Lisa worth if I have a warehouse full of them out back? Speculation encourages large holders to release some of their funds for profit before doing so would devastate a mature market.
Volatility now or catastrophic volatility later. Fortunately not your (or anybody's) choice.
The total outstanding Bitcoins doesn't change so a single person holding a significant amount doesn't matter for the value.
133.
Post 2727760 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.10h):
I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'. I have come up with bubkis as it seems so arbitrary. I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF
Could be this? I don't know what to think.
Price stability (long term) is impossible without a 1000 fold price increase or a reduction to zero.
134.
Post 2740845 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.10h):
Banks are market makers here to make money. They will be able to make money in this (despite the bs in the article) and therefore will participate.
135.
Post 2742262 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
It sounds like mr Market's manic depressive phase is on :p
136.
Post 2751016 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
you forget that the people who are the loudest are usually the ones with issues and most upset. people who withdrew fine would not be looking around the forums trying to figure out what the issue is. japanese withdrawals have been confirmed from what i gather.
btw, a little birdie told me we are going over 100 any moment
btw, watch the roger vir video re mt gox.
I've been semi-absent for a while and am surprised by the continued large discrepancy in price between MTGox and bitstamp (and BTC-e to a lesser degree, since for most it's hard to move money there). Is the common opinion this discrepancy is caused by the difficulty in withdrawing from MTGox?
137.
Post 2754287 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
Isn't it bullish that some company pays the equivalent of +$10M for a Bitcoin gambling site? Also, as the buyout is done in Bitcoin, won't this result in buying pressure? (or is the buyout amount secured already?)
138.
Post 2761782 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who are waiting for confirmation of trend reversal (which i think already happend and bubble deflated at $65) for $120 mark then they will have to buy back half the coins they could have at $65.
People here often show 2011 bubble to compare to 2013 one but they seem to don't see that no matter what, after one bubble there will be another 10 times bigger. This was the case 3 times now and will happen again. Then why one is trying to hit the bottom to buy if they can just buy now, sit, relax and enjoy the ride to the top? They will profit anyway and trying to hit bottom may as well end up in losing coins.
Doesn't everyone want to maximise their wealth?
If you can buy at $50, rather than $100, you are going to have double the wealth/Bitcoins, no matter what the price ends up being.
That doesn't mean everyone has to buy/sell. You should do what feels best for you.
of course they want to maximise profits but the problem i am pointing to is that nobody know when bear market will end. There is no chart who will tell you this. All i read here is just pure wishes.
People selling their last bitcoin to get out of the 'scheme' screaming how much they have lost will be a good indicator.
if this will happen. There is also 50% chance people will be hitting wall with their heads because they didn't bought and the price for some reason sky rocketed. There is plenty of reasons in the world to make it happen. And there are people who bought pizza for 10000 bitcoins and now are pretending that's ok for them ...
It's like trying to explain to people Martingale isn't a profitable strategy. They say they will win most of the time (which is true) but the associated loss that happens quite infrequently is so large that it outweighs all the small wins. If people don't get it I doubt they ever will. I'm holding
139.
Post 2772759 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
Protect yourself and hold as little fiat as you can safely get away with.
140.
Post 2772960 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race.
Nah, just the part that should never have existed in the first place.
141.
Post 2772976 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race.
Nah, just the part that should never have existed in the first place.
So how many chickens do you own?
None.
142.
Post 2772994 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race.
Nah, just the part that should never have existed in the first place.
So how many chickens do you own?
None.
So you essentially giving yourself up? Or did I miss something?
I fail to see the chicken connection.
143.
Post 2773058 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
I fail to see the chicken connection.
So you are living in a vegan community? Do you grow Hemp or Lupines?
Do I really have to explain how an economy works? You don't need to produce anything yourself. Furthermore, chickens are non-mandatory in a diet. I don't eat chicken often but prefer fish, beef and pork.
144.
Post 2773078 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
I fail to see the chicken connection.
So you are living in a vegan community? Do you grow Hemp or Lupines?
Do I really have to explain how an economy works? You don't need to produce anything yourself. Furthermore, chickens are non-mandatory in a diet. I don't eat chicken often but prefer fish, beef and pork.
Do you understand the causal relationship between urbanization and institutional violence?
I'm going to cut off this discussion because you make zero sense and frankly it's completely off topic.
145.
Post 2781884 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
Altough I don't think countries going bankrupt automatically assume we see a rush to bitcoin I think you're mistaken in the size of the bitcoin market. The amount on the market is miniscule and many sellers have already blown their load.
+1.
By going up about 5%, Silver just increased its market cap 20 times more than the total of bitcoin's market cap. Silver is tiny, so bitcoin is minuscule.
Always nice to see things in perspective. At the same time Bitcoin is vastly superior to any PM. A discrepancy which the market will eventually correct
146.
Post 2782051 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
Altough I don't think countries going bankrupt automatically assume we see a rush to bitcoin I think you're mistaken in the size of the bitcoin market. The amount on the market is miniscule and many sellers have already blown their load.
+1.
By going up about 5%, Silver just increased its market cap 20 times more than the total of bitcoin's market cap. Silver is tiny, so bitcoin is minuscule.
Yeah..just think of google or apple going up 1%. That's bigger than bitcoins market cap and it's 1 fucking tech stock.
So much potential here. I'm not calling bears stupid but I can't find a sane reason to short btc even if you think it may drop 50%..the rise may break your neck.
Downside much less than
potential upside. Bolded for a reason
MSFT lost 11% on one day last week.
147.
Post 2782371 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
Bitcoin is almost half the market cap of rhodium right now, which is ridiculously overvalued. It's the only "monetary" metal with comparable volatility.
Comparisons with gold or silver just don't work out, since their inherent value is closely tied to our everyday lives while rhodium is not and neither is bitcoin.
Care to explain how golds value is closely tied to our everyday lives and bitcoin is more closely related to Rhodium?
You realize rhodium is mainly used in catalytic converters and golds main use is a store of value, right?
Half of all gold mined is used in jewelery, that's not really as a store of value since the jewelery is worth multiple times that of it's metal content.
About every electronic device contains a small amount of Gold. Catalytic converters don't use rhodium any more since there are plenty of other catalysts which are just as good. The closest use is protective coating of metal surfaces which uses layers a few atoms thick, oh and in certain types of nuclear reactors. Certainly not comparable to gold or silver.
I believe 5-10% of the market cap of gold is from use in jewelry.
148.
Post 2782908 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
I said half of it.
http://en.wikipedia.org/wiki/GoldThe world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
That's consumption of new gold coming out of the ground. I'm talking percentage of market capitalization. 5-10% is about right.
149.
Post 2782962 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
I said half of it.
http://en.wikipedia.org/wiki/GoldThe world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
I guess wikipedia should check their sources ha?
Btw investment is 40%, I think that includes "pure gold rings"
That's consumption of new gold coming out of the ground. I'm talking percentage of market capitalization. 5-10% is about right.
I would say that ratio remained more or less constant over time. So it should be equal to market capitalisation.
Or are you including gold that hasn't even been mined yet?
I wasn't.
I have no data though, making my argumentation weaker. But most of the worlds gold lies in the form of bars in huge vaults doesn't it? Do you have any figures?
150.
Post 2791369 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
"Team America: World Police"
Fuck Yeah!
151.
Post 2801806 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
It is closed-source, centralized, has a currency called XRP that is 100% premined and in the hands of the creators, and the whole thing is owned by a for-profit company.
Is this not a problem for you Coinseeker? If not then wtf are you doing on bitcointalk? This is the most important thing about bitcoin, besides it can't be printed from ass, and you think it's just irrelevant?
1. OpenCoin has stated repeatedly they will open source upon coming out of Beta.
2. There is no "pre-mined" because there is no mining mechanism. Either case, Ripple is not a currency anyway, so who cares? It's a payment network. Like Paypal for crypto
and fiat but pretty much free. Learn the difference.
3. Since when did being a for profit company become a negative? Free markets are only good, sometimes?
So to answer your question, yes, this is all irrelevant to me. If you have anymore questions, PM me so we don't distract from all the "wall" talk going on.
XRP is a currency. That's the reason the Ripple system has lost all value to me. Is was/is such a promising idea
152.
Post 2808108 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who push now to sell bitcoins will want to buy back them later no matter what price will be because there is only so much of them in the world ... i'm not going to give mine any time soon.
No, the price is far too high for that
I sincerely believe that most holders of bitcoins have done exactly as I (among others) has advocated: only invest a modest sum, and fully prepared to ride it to the oblivion if need be. My own bitcoin holdings are already up more than 1000% and I am not selling until the proceeds will give a sizable boost to my economy.
Most people are not inclined to sell at a loss, even to their own detriment. On the contrary, there is a weird willingness to wait for years until an investment breaks even in fiat terms and then sell, once it has finally started to perform.I can't disagree with that ... running losses and cutting profits seems to be most investor's greatest weakness. It's a losing strategy in the long run as I am sure you know.
How this relates to BTC I don't know, I was only teasing with my previous post ... I don't profess to know where we are going from here in the next few minutes, let alone days or weeks. Longer term seems a bit more assured ... zero or infinity !
I have the first weakness, not the second one though. What can I say, I just hate selling. My preferred holding period? For ever!
153.
Post 2808407 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
The buying whale has decided to wait for seller exhaustion at 96.
And yes, this is f-ing boooring!
Ditto, holding the market is almost as bad as the repeated 1000+ BTC dumps we had a few weeks back. At least then there is reason for chaos and disorder, now everyone is sitting around watching the folks who have whipped it out and put it on the table but are too timid to actually do anything.
Flaccid whales.
Here is a question: If it's the whales that are accumulating why is the spread vs Bitstamp and BTC-e so high?
This is the right question
154.
Post 2810323 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.11h):
Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.
LOL, there's no momentum at all right now.
I wouldn't have the patience to wait till bloody Christmas.
Seriously ...
You better learn patience because Christmas is only 5 months away. I'm expecting being patient to mean waiting significantly longer than that. 5 months is nothing.
155.
Post 2825476 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.12h):
People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox.
You mean people are asking you to sell BTC for bank T/T on PM here? 1 Mill$ in the last two weeks?
Why would anybody buy OTC so to not influence the price and then offer a spread which makes it lucrative to just sell to him and buy at an exchange at the same time?
Crazy indeed.
Many people have been asking for a lot of coin. Not all offered to pay over gox rate but one guy did at 3000 coins.
I did not ask why but there is demand otc.
Also not one person tried to sell to me.
That is extremely interesting. It goes along with what we are seeing in the BTC market.
Who brought BTC from $65 to the current level? Large traders primarily. There are obviously some big pocketed people out there that see BTC as something.
You know what they say, follow the money...
Yeah I don't know but either one really big guy, or a lot of smaller big guys are fighting for that OTC BTC. Just about everyone I have ever worked with contacted me recently. This movement up did not shock me at all.
The question that remains however is: How much did you sell? Did you repurchase to bring your stash back up to par?
156.
Post 2862151 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.12h):
If paypal adopts Bitcoin they are a whole lot smarter than I gave them credit for. I was actually expecting Western Union to do it before them (but not soon). If Paypal accepts Bitcoin we will see a 10-fold increase minimum the weeks following the official announcement. Would be totally crazy and unexpected.
But crazy and unexpected is the middle name of Bitcoins history thus far, hasn't it?
157.
Post 2876721 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.12h):
It still feels slow...
One month, and only up +50%. It feels like February then...
300k USD per BTC by the end of the year, or are you in
denial of facts?
Indeed, could you hurry up with the 300k USD Bitcoin? Otherwise I'll have to seek employment by the end of the year
158.
Post 2903676 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
Gox is showing under 10k volume on a friday evening. wtf wtf wtf.
gox is dying
It is not just Gox. The bears on MTGox are spooked because they cannot get their USD out of MTGox while the bulls are having trouble getting their EUR into Bitstamp.
https://bitcointalk.org/index.php?topic=270716.0. On the other hand Virtex has just changed their payment processor for bill payment deposits and added a 1% fee in the process.
https://www.cavirtex.com/deposit_methods.
The spread between MTGox and Virtex is well over 10% after factoring in the CAD / USD exchange rate.
cavirtex is for Canadians only and volume is not meaningful. Not in Europe so this could be a stupid question - if you cannot make SEPA payment, can you wire USD from one bank in Europe to another European bank?
Of course. I think my bank supports pretty much any fiat currency (the list is really long). There are fees though.
159.
Post 2925443 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
Translation from reddit:
"Please, if I could have your attention. Allow me to translate, for your amusement, from legalese into plain English of people doing things.
People using their money in ways we don't like.-- We understand that Bitcoins and other forms of peer-to-peer digital currency can be used by people we dislike who do things we have prohibited, sometimes competing with us on terror activities, to transfer and spend money in ways we cannot spy upon or stop. News reports show that Bitcoins have been used to help Edward Snowden. We want the people doing business as "the FBI" to conspire with a bunch of other d.b.a's to tell us, in less than 120 days after this new commandment we just made up, how this "ersatz currency" (hehe, see what we did there?) affects our organized racket, in terms of both helping the businesses of people we have declared as "enemies" and in out-competing our buddies the bankers. The info must outline a conspiracy to sabotage Bitcoin's features, identifying people, money and other resources that will be necessary for this sabotage.
Phew. I thought my poor Model M was gonna smolder under the weight of translating so many sophisms, newspeak neologisms, half-truths, and veiled threats.
Aaanyway:
https://rudd-o.com/archives/its-official-the-racketeers-are-onto-bitcoin for the same version but permalinkable.
Conclusion: the most powerful terrorist organization that has ever existed in the world, with the actual power to literally murder everyone if they so chose, is preparing to attack Bitcoin directly. It's about to get real."
That translation pretty much nailed it.
Then they fight you ....
For a lot of people, shit just got real
160.
Post 2931467 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise
is whale buys.
The only 'news' that causes price to rise is a rising price.
Agree 100%
Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think?
161.
Post 2931696 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
enforcing proper procedures.
Good luck with deciding what's proper for everyone else.
162.
Post 2937989 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
I don't think the MtGox situation has been that big an issue, worldwide, since early July's capitulation. If you look at the pattern of ask-wall busting whale purchases and ensuing bid-walls, they seem to be the work of a single entity. The modus operandi has been consistent through several major ask-wall breakthroughs.
Do you really think someone with the resources to organize such a concerted effort is restricted by some petty exchange difficulties.
It's probably either governmental, corporate or military. It's almost surely not speculators.
I give almost zero weighting to it being government or military, and a very,very low weight to it being corporate. One HNW individual, yeah, possible. A few acting together or independently, more probable.
I am not sure why you seem to think that the effort involved to buy BTC and put up bid walls is so great - it's not exactly rocket science if you have the cash and coins.
If Gox is a non-issue, why the growing price differential between Fort Gox and other exchanges ?
Don't discount one or a few HNW individuals. A lot of these people needed to be smart and non-risk averse to become wealthy in the first place. I think larger corporations won't do this: for the person making the decision there is little to gain and so much to lose. It's just like politics, don't be too edgy and don't stick out too much and you'll survive a hell of a lot longer.
163.
Post 2941932 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
Lol Fox News
First sentence: "The feds are starting crack down ...." and I started laughing
And these people believe the price will drop when Bitcoin is banned (just like gold in '33, right?). Please ban it USA. I promise you the value will explode! And I do love irony
164.
Post 2942039 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
165.
Post 2944748 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
simple question for you guys
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
Because there is only a limited amount of them? Gold is quite divisible as well (theoretically to the AU atoms) but that hasn't stopped it in rising tremendously in the beginning. For the last 100-150 years or so the price is flat (inflation corrected of course) but Bitcoin isn't at that adoption level yet.
166.
Post 2945126 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
Well Bitcoin days destroyed is very low
http://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= so it do it isn't the moving of old coins but recent ones. People who bought during the higher prices are dumping?
167.
Post 2945246 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
simple question for you guys
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
Because there is only a limited amount of them? Gold is quite divisible as well (theoretically to the AU atoms) but that hasn't stopped it in rising tremendously in the beginning. For the last 100-150 years or so the price is flat (inflation corrected of course) but Bitcoin isn't at that adoption level yet.
Gold does have a divisible limit, Bitcoin does not. You can theoretical have a google (100 zeros) or more behind decimal mark.
The bitcoin price can be
anything as long as the majority agrees that it is the right price. If they not agree the market moves accordingly. The concept works perfectly well if it its 1000 or .0001 does not matter.
.
What you saying is completely true. I still answered the original question sufficiently and my example is accurate enough since the theoretical divisibility of gold makes it sufficient for this never to have been an issue (the value of AU smaller than a single atom is far too small).
168.
Post 2945902 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
simple question for you guys
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
Because there is only a limited amount of them? Gold is quite divisible as well (theoretically to the AU atoms) but that hasn't stopped it in rising tremendously in the beginning. For the last 100-150 years or so the price is flat (inflation corrected of course) but Bitcoin isn't at that adoption level yet.
Gold does have a divisible limit, Bitcoin does not. You can theoretical have a google (100 zeros) or more behind decimal mark.
The bitcoin price can be
anything as long as the majority agrees that it is the right price. If they not agree the market moves accordingly. The concept works perfectly well if it its 1000 or .0001 does not matter.
.
What you saying is completely true. I still answered the original question sufficiently and my example is accurate enough since the theoretical divisibility of gold makes it sufficient for this never to have been an issue (the value of AU smaller than a single atom is far too small).
Not without a major hard-fork, which would also require conversion of the prior blockchain or some fancy hacks. It's about as difficult as changing the total number of Bitcoins or any other fundamental operational variable. Doable but not quite as convenient as you think it is.
^^I disagree with this statement. It is far harder to change the total number of Bitcoins, no miner will accept the new rules. I'm uncertain whether the existing Blockchain will need alteration but I really doubt that is a necessity.
169.
Post 2962160 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
$180 within 12 hrs. it is certain.
fuck you bears.
*edit*
bam, just hit $120. we on unstoppable tear
a break of $115 (if sustained) is truly bullish (wether driven by gox crap situation or not doesn't matter)
actually it does, it matters a lot...
No, still bullish regardless
How is a bank run bullish?
Not bullish for the bank ....
170.
Post 2962721 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.13h):
Makes no sense, you don't cash out of Mt. Gox by buying bitcoin rather than by waiting a month for a USD wire.
Do the math, if you're a whale with that much buying power you have let's say at least 100k USD on gox.
So if you'd like to "cash out", you'd have to buy @ ~$115 (let's make it easy and ignore the slope). So you get 100.000/115 = 869.57 - 2.61 (0.3% Fee) = 866.95 BTC.
Now you transfer them to an other exchange (Bitstamp) to cash out to USD (again we ignore the slope which is even higher @ bitstamp), so:
866.95 * 99.98 = 86677.66 - 260.033 (0.3% Fee) = $86417.63
So you just lost $13582.37 because you didn't want to wait a month.
/€dit: Looking on the volumes of the recent rally and the fact that there was a single 1500 BTC buy order taking down the $115 wall, I think it's safe to take those numbers * 10.
I guess the whales can negotiate about conditions with Gox. Don't you think many little guys are buying BTC with their Gox USD?
171.
Post 3010945 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.14h):
Shhh, don't tip the uber-bulls...
// start sarcasm
Uber-bulls have nothing to worry about, the price is going 'up uP UP', 'to da moon', parabolic, whatever you want.
// end sarcasm
For the longest time ...
172.
Post 3044816 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.14h):
If we make it to $150, I switch to bull
If something is expensive you sell, if it's cheap you buy. Buying because something, anything, gets more expensive is beyond retarded.
On a bright note:
Encrypted money baby!
173.
Post 3135794 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.15h):
It's not about me but about helping making our subscribers richer
Folks, this alone should give you enough of an idea
174.
Post 3152942 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
I'm sure they'll manually process any any whale-sized fiat withdrawal for their 5% fee. Money talks.
why 5 %? how about 85 % fee for their (mtgox) fiat paid in bitcoins once mtgox goes bankrupt?
money talks.
And bullshit walks
175.
Post 3164642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.
Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.
Agreed. And we are preaching an all time low in terms of coin supply at Gox. It looks to me that there's very little new fiat going to Gox, and very little coins being offered.
I (for one) cannot currently justify using Gox for storing either fiat or BTC. I did store 1000+ BTC there for more than a year so apparently I trusted them more back then, (or BTC was cheaper..)
- No real reason to buy from there, as Bitstamp's liquidity is enough for me.
- Feels risky to sell there, since I am waiting for my first withdrawal.
Meanwhile:
- Localbitcoins has grown a lot and is already a major source of volume.
- Bittiraha.fi in Finland is doing more volume extraexchange.
- I am also back to work, doing OTC.
We are moving away from Gox-centric world. In my observance,
the total volume we have now, is actually brisk when taking into account the insecurity concerning Gox, the holiday season, and the aftermath of the minibubble in April:
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zvzl(It is increasingly more evident that there never was a bubble in 2013, not any more than the Pirate event in 2012. The only bubble Bitcoin has experienced so far was in June 2011, and that was a bear trap. Bulls made anything north of 300% in 2 years =) )
So you recuperated completely?
176.
Post 3164965 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
- I am also back to work, doing OTC.
So you recuperated completely?
I think after 6 more months I am back at "normal". It takes time.
Congrats. There aren't many things more important than good health: physical or mental.
177.
Post 3213106 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Just to throw a vote out there, i much prefer this thread without the charbuddy updates. It keeps people from being notified all the time and feeling like they should say something evne when there's no real developments. We don't need hourly notifications for subscribers to this thread.
I would also like to throw a vote out there: stop using colored text.
If you look at it through rose colored glasses, it disappears.
NOFX - I'm going to hell for this one
"If you're gonna look to me,
better get rose colored shades,
Cause what you see is what you get"
178.
Post 3228240 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Meh, first it's time for the Bitcoin market to equalize again. The two main exchanges being >5% apart for such a long time is very bad. I don't know what the current price is
179.
Post 3231478 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Hi folks,
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
OMG What a nightmare. I also thought that my anonymous MtGox account allowed non-verified Bitcoin withdrawals. I've never deposited or withdrawn fiat currency to or from this account and had no intention to do so. I used it for daytrading only.
After reading your post, I got worried that they were lying (once again) and immediately attempted to withdraw my remaining coins to a paper wallet.
Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.
I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?
Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.
Further shame on you MtGox.
Apply for a Wirtland ID? Will they accept that?
180.
Post 3239366 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Why you wouldn't at least wait til the morning to see the impact this news makes is beyond me.
I'm sorry I missed it, what kind of news are you talking about?
181.
Post 3240473 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
So how are the speculators doing here?
Price seems to hold, I expected it to fall by now.
We are almost October, still 3 months to go before the end of the year.
I'm still thinking/hoping we will see a dip between now and the end of the year.
Price is stable. Eerily stable, no? current price ≃ 24h average ≃ 30d average, on both mtgox and bitstamp.
What does that tells us? I'm not sure, to be honest. Looking at the historical precedence, I would expect a solid upward break out. But my intuition says it won't be that easy.
Remember the $5 stability we had for months?
182.
Post 3249697 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
$500 in 6 months easy...
Bit of an understatement don't you think?
We went from about $30 to $266 extremely fast and that was when
nobody knew about bitcoin.
This time we are starting at $140 and the whole world is watching...
*Plus China gets to play this time around.
I'm a pretty conservative guy. I'd not be shocked if we were $5,000 in six months looking at this difficulty curve but I'm not going to make that call on the record
While I know and understand exponential growth and the waves of price growth that we have and will experience, the runup in the beginning of this year still caught me by surprise. The next will probably have the same effect. So yeah $5k in 6 months will shock me until I'm used to it and it's normal again. If the buying power of a Bitcoin is $5k in six months I'll definitely have a very cool party. Just no-one will understand why I'm so incredibly happy
183.
Post 3254223 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Buffett says that it is profitable to diversify, if you don't know what to do. Perhaps I don't...
Buffet never said such a thing because it isn't true. Diversification is for risk reduction at the cost of profitability. So basically the exact opposite of your statement
184.
Post 3260550 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Aside from a few people (or one person) puting up ask walls, BitStamp is straight up dead.
We were sleeping, since it was night. Sunday night. What is wrong with you?
Just last week I was able to market sell
BTC500 there with about 0.7% slippage (I mean sell with one click). I think it was a fair deal, since the intention for me was not to make petty money but to realign the portfolio for the purchasing of more silver. For a trade of this size, it worked very fine. The largest volume I have done there in one day was
BTC1,800.
Keep some
BTC, man. You might feel sorry otherwise.
The biggest BTC bull ending up missing the train would be ironic.
185.
Post 3263565 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week
Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.
When playing the game 'chicken' (with cars) someone always steers away.
Until they don't.
186.
Post 3264501 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme.
187.
Post 3269745 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Correction incoming.
There's a panic in the air
188.
Post 3286618 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
March 11th orphan blocks were slow
Doubters panicked and let their Bitcoins go
189.
Post 3286707 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Am I the only one amazed that no one on here openly admits to be holding during these drops?
Holding.
Holding for the longest time. Don't really want to add because I need the fiat but if it crosses $80 I don't think I can help myself.
190.
Post 3286845 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Decentralized, P2P...one website closure tanks the price..
irony
No it's not ironic. People are just retarded. Nothing new.
191.
Post 3293287 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
BTC has been extremely stable during btctalk's absence. Coincidence?
192.
Post 3295276 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Yeah, that IS interesting!
What the fuck ...
193.
Post 3295569 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
So my real options are
1. Store in and come back in 5 years and see what its worth
2. Try to double it in the safest (USD term wise) way - Daytrading
Daytrading is extremely risky in any market. It's speculating.
Buy and hold is a very effective strategy in an asset which will appreciate in value.
194.
Post 3295698 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
It's all moot. He wanted to do day trading (suggesting it's reliable) and I advised against all forms of speculation (day trading is a form of speculation) and instead to invest, which is far more reliable.
195.
Post 3295887 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
If he has an edge (if) that allows him to sustainably gain purchasing power over time, then I don't see why he shouldn't trade. Buy and hold is risky too because you expose yourself to 100%. Successful trading will decrease your risk even though it's hard to outperform buy and hold for Bitcoin for profit, but this profit comes at a cost.
Most here haven't experienced the 2011 bear market where price went from 32 to 2. Risk management has its uses.
I believe the only one with an edge is the exchange. But if someone can actually have an edge then it's just like playing poker and can be profitable.
196.
Post 3296147 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Finally! We're all Billionaires in AUS$!
197.
Post 3296157 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
12.8 B AUS$ per Bitcoin. And appearently it's down 10%
http://bitcoincharts.com/
198.
Post 3299592 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.16h):
Last year Bitcoin was used a lot as reserve for prof currency traders, (maybe just Max Kaiser),
That is awesome!
199.
Post 3302319 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
Ode to ChartBuddy, welcome back
(With apology to Sting-I'll be watchig you)
Every coin I stake
And every move you make
Every high you break
Every wall they fake
Ill be watching you
Every single day
And every move I pray
That my coins will stay
Through the night OK
Ill be watching you
Oh, cant you seeeeeee
Coins belong to meeeee
Now my poor heart aches
With every coin they take
Every chart you make
Every bank you break
Every pattern they fake
Every coin I stake
Ill be watching you
Since you've gone, I've been lost in this rat race
I dream at night, I can only watch this place
I look around but its you I cant replace
I feel so bold and I long for gap retrace
I keep crying chartbuddy please....
Oh, cant you see
Coins belong to me
Now my poor heart aches
Every coin you take
Every coin I stake
And every move you make
Every bond you break
Every wall they fake
Ill be watching you
Ill be watching you
Ill be watching you
/tear forms in one eye
Someone record this. Than I can add it to the play list with classics such as: "The Proudhon song (Bitcoin is a bubble)", "Bitcoin Rap", "Blame it on Mt. Gox", "Holding for the longest time" and of course the infamous "Cyprus Anthem"
200.
Post 3307746 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
I seriously had a dream last night that a single buy took us to 150.
(From 140ish)
*waiting to see if I'm special*
listen to your dreams!
If you look back in the old Wall Observer thread, you'll find me saying i had a dream that bitcoin exploded well over 100$
I dismissed my dream and sold at 20-25 ( it seemed like the rational thing to do -_- ) only to find out i was indeed special!
Only dreaming of $100? Reach for the sky my friend, not just the treetops
201.
Post 3308447 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
I had to shed some of my speculative position, I got the hibijibies
Oh no! Adam became a bear! Sell, sell
make no mistake, i'm still a
crazy bull, 90% of my "wealth" is BTC.
but ya, my play money
is betting on a short term down.... got the hibijibies
Wow 90%
202.
Post 3334679 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
Watching the price of Bitcoin move keeps on being entertaining doesn't it
203.
Post 3339760 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
i'm buying feathercoins
Lol. I hope you're trolling (for your sake).
lol no
i'm buying feathercoins
while i was buying, i wasn't watching bitcoin price
wow 150! lol bitcoin
Why would you possibly buy feathercoins. Seriously. I thought you were adam, the bitcoiner, not one of those weirdos that buys every random cryptocoin he can get his hands on
He made a joke. Feathers are light and go up in the wind
204.
Post 3342791 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
i'm buying feathercoins
!!!?
!!!!??!??!!!!??!?!??!!!!!
Having a small amount in a few alts is not that bad. I hold a bit of xpm just cuz cpu coin. Like ltc is my gpu coin.
No interest in feathercoin for me however.
Bitcoin represents like 97% of the market cap of all crypto. Therefore for most, you save time by approximating the others to be zero (and not buy them). It takes skill to effectively play the altcoins. Personally I don't want to invest my time for such a small payoff.
I hold some LTC and PPC but it represents less than 0.1% of the value of my Bitcoin holdings.
205.
Post 3346257 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
Yeah I'm not sure whether to be happy about $159 bitcoins or sad about $1.86 litecoins.
Well, only $159 if I live in Japan and can get money out of Gox. Otherwise $144.
$149 if you live in China (909 Yuan)
206.
Post 3346342 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
do we have enough vol for this to be undeniably bullish now?
everywhere but on gox
gox does not count for anything anyway.
Can we change the title of this thread to Wall Observer - XBT-FIAT wall movement tracker - Hardcore or something like that?
Don't rename we're at 1700+ pages and need a restart. Maybe wait till 2000 but right now works for me. Adam?
Gox is still leading, so it seems like the name is fine for now.
No it's not.
Yes it is:
http://bitcoincharts.com/charts/volumepie/
207.
Post 3346908 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
What did you say Goat?
208.
Post 3349548 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
i bought and bitcoin rallied
altcoins went down i bought more
bitcoin rallied more
fuck that i'm out
So bitcoin rally has ended?
should i buy some alts?
Please!
209.
Post 3359783 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
This is getting blown way out of proportion.
A news item get blown out of proportion?! On THIS forum of all places?! I never thought I'd live to see the day...
Yes but at the same time, a high constant fee is a good way to lock "most" people out but keep it legal for you and your pals (provided you are rich or funded by the rich).
For example, from reading these forums I learned the term "dollar denominated account" a few months ago. So I googled around found just one bank (UBS) that offered foreign currency denominated accounts. I thought it might be a good idea to diversify a bit into euros, yuan, etc. Called them up -- not going to happen unless I was going to deposit > 1 million USD. Too much overhead and paperwork...
Ironically, there's a trick that lets you do it in a small way with the company we love-to-hate: Paypal. If someone sends you money you can choose to hold it in the currency it was sent...
Just open an Interactive Brokers account (and I imagine there are many other stock brokers who offer this). You'll only need $10k (less if you're 26 and under).
210.
Post 3365663 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
Here. We. Are.
Started at the bottom...
211.
Post 3365834 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
When bitcoin reaches 300$ a window will appear to us all with a message from satoshi saying that all this has been a demo and that if we want to continue using it we have to pay 25$
Sure, got the $25 right here. Should I shove it in the laptop?
212.
Post 3365869 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
13,400 for sale on Bitstamp, seriously... where are all the bitcoins?
Cold wallet. Sorry
213.
Post 3366541 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
BTC market cap > $2 BILLION USD !!
Anyone know why BTC-E has been running such large volumes lately?
It is, it's >$3.3B even
214.
Post 3366691 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
i havnt been on gox in a bit so i may be asking a noob question but, my deposit address to gox changes with every transaction, so if i sent BTC to that address from two different addresses will i lose the BTC from the second transfer?
Why would you send BTC to mtgox? Have withdraw issues been fixed?
He is with the government. It's time to bail them out.
215.
Post 3366826 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
I think we finally hit the "$167 resistance" but at $177 because gox is inflated due to its insolvency. The number to look for was... $161 on bitstamp.
There is No Resistance, i repeat there is No Resistance. It is futile to dump
Resistance is futile! You will be assimilated!
216.
Post 3369504 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.17h):
Panic buy or panic sell? Make your choice
Holding.
217.
Post 3371726 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
Makes sense but fun graph nonetheless
218.
Post 3382987 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
It's gonna crash
and ripple goes to the moon, right?
Well during the day the moon is under the floor ...
219.
Post 3384013 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
Thursday is a popular day for crashes. One seventh of all crashes happen on a Thursday.
Monday has more crashes than average. Black Monday!
220.
Post 3391849 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
Bitcoin is not even at the eary adopter phase, we are in the one before that, I forget what it is called... let us say we are at the mosaic stage, pre netscape... we have not even realized 98% of what this tech can and will be used for.
Erm, at the very earliest, its in the early adopter phase for sure.
Most definitely not, prophetx is completely right.
221.
Post 3392046 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
BTC as safe.
Hahahahahahahahahahahaha wait wait he said safe and bitcoin hahahahahahahahahaha. Did he miss it when we went to $75 last week? This market is so young and volatile there is nothing safe about it. With that said we may get there, I hope we get there, but right now it is NOT safe.
In the context of fiat as it can't be printed.
Also welcome to my ignore list.
Indeed. I own more Bitcoin than I do fiat. I also own more other things than fiat though. In general I try to keep my fiat reasonably low while also keeping the chance for short term cashflow problems very low.
222.
Post 3397812 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
These periods of extreme price expansion of Bitcoin sure make waking up in the morning a lot more fun
Oh and if we're all doing the guessing game: I think a bubble to ~$1300, a crash to $300 and a new equilibrium at $500.
223.
Post 3398378 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
Gox in anti-gravity mode - this is no chemical fuels any more, warp drive engine on!
Warp drive would be $10k instant
224.
Post 3402349 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
So bitcoin price is at the same point it was yesterday and bid sum has dropped only 500k...
That was a crash? Really? It was an epic bear trap to me, who sold at $175? LOL
that's not really a crash. more like a correction.
i think the real crash will happened after the bitcoin trust is listed and the winklevoss btc which are locked up right now flood the market and soak up all the fiat, this is sort of the run up in anticipation to that.
this is pure speculation
I don't get it, why would BTC be sold because of this? Won't this cause an even bigger rally instead because of greater demand?
those 200k btc were not marketable and could not be touched since the july filing...
what happens to price when the supply curve moves out? ths is not demand for 200k btc this is a supply of 200k btc being SOLD to the public, supply that was not available since the twins purchased it
what happens when shareholders lock outs are done?
econ 101....
Still don't see why the shareholders would instantly sell their BTC and cause a sell off the moment they are unlocked. Price could just as well go up because of greater exposure to the public.
And 99% of the people cannot sell. Only market makers can redeem or create new, baskets. So what is needed is the price of the ETF to drop sufficiently below market price for market makers to arbitrage and redeem baskets of Bitcoins and earn on the arbitrage.
225.
Post 3402402 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
Heading back to $220 on Gox IMHO.
Haha, thanks I totally missed this crash. I woke up and saw $204 instead of the $228 I saw last night and was wondering why anyone used the term crash for a 10% correction
226.
Post 3402483 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
So bitcoin price is at the same point it was yesterday and bid sum has dropped only 500k...
That was a crash? Really? It was an epic bear trap to me, who sold at $175? LOL
that's not really a crash. more like a correction.
i think the real crash will happened after the bitcoin trust is listed and the winklevoss btc which are locked up right now flood the market and soak up all the fiat, this is sort of the run up in anticipation to that.
this is pure speculation
I don't get it, why would BTC be sold because of this? Won't this cause an even bigger rally instead because of greater demand?
those 200k btc were not marketable and could not be touched since the july filing...
what happens to price when the supply curve moves out? ths is not demand for 200k btc this is a supply of 200k btc being SOLD to the public, supply that was not available since the twins purchased it
what happens when shareholders lock outs are done?
econ 101....
Still don't see why the shareholders would instantly sell their BTC and cause a sell off the moment they are unlocked. Price could just as well go up because of greater exposure to the public.
And 99% of the people cannot sell. Only market makers can redeem or create new, baskets. So what is needed is the price of the ETF to drop sufficiently below market price for market makers to arbitrage and redeem baskets of Bitcoins and earn on the arbitrage.
I thought the premise of the ETF was to allow an instrument to short the market, with an intent to bring some price stability.
This in turn, is supposedly going to make Bitcoin more attractive to a broader user base/merchants.
Sure you short the ETF (not Bitcoin directly). That doesn't sound like very important use case though.
227.
Post 3402801 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
That's it folks. I sold all
Failure to overcome previous ATH creates a massive double top, it is hard to say where the price will go, but in 6 months my guess would be in the $13-$50 range. Thank you
the hell? not sure if joking.
If he's not joking they gave him a very weird treatment at that hospital LOL
228.
Post 3404623 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
0.5BTC says 200 will hold forever, anyone?
Sure. I can hold off paying indefinitely while I can in fact be paid. That is a bet I like
229.
Post 3404680 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
0.5BTC says 200 will hold forever, anyone?
I'll take that bet-escrow?
You can't win because "forever" will never come.
ok i won't agree to that....
Ok sub-$200 within 3 years?
230.
Post 3407377 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.18h):
0.5BTC says 200 will hold forever, anyone?
I'll take that bet-escrow?
You can't win because "forever" will never come.
ok i won't agree to that....
Ok sub-$200 within 3 years?
i'd agree to if it goes below 200 i pay out
if it goes above 300 you pay out.
Haha did this bet stand? My free wifi at the airport cut out and then I had to board ...
231.
Post 3411849 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
He is cooperating. He must be very very scared. This should end quick.
To get all sellers it should be more difficult, but I guess this is another case.
The $5 wrench is once again successful. Although they probably used another torture technique which doesn't show any physical injury.
232.
Post 3415543 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Well now we know all transactions in the size of 324 belong to the FBI...
They should have gone with 456! "We are coming!"
Not sure whether this reference is well known enough. Especially to Americans ...
233.
Post 3422116 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Bitcoin will be trading at 10K this time next year.
No it won't. Wanna bet 100
BTC?
It would be good if everyone who makes wild speculations regarding bitcoin where faced with that bet, perhaps there would be less rubbish and more sense in the community!
It's particularly funny it's rpietilla offering the bet.
234.
Post 3422829 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
To retain some credibility for a bull, I will be revising the $300k long term figure up, once I estimate, how high it should be revised.
What up?
I actually liked the $300k estimate* as a long term price goal. If it totally replaces gold it will be $300k, I guess it could be higher because it is better than gold and because it is also being a payment system but gold will never lose 100% of it's value as it's still nice and shiny. Diamonds have value as well while they are made from the most common atom on this planet: carbon.
* Of course in MAY2013USD before people start bitching about USD becoming worthless.
235.
Post 3424649 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Yes but it does give bitcoin a physical presence out there in the real world.
Why does a non physical currency need a physical presence?
Might as well ask: Why does love need sex?
(People are physical.)
No hormones and neurotransmitters (for love/sex).
I hope people don't get off on their gold. Makes me think twice about buying any of them
236.
Post 3424686 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Yes but it does give bitcoin a physical presence out there in the real world.
Why does a non physical currency need a physical presence?
Might as well ask: Why does love need sex?
(People are physical.)
No hormones and neurotransmitters (for love/sex).
I hope people don't get off on their gold. Makes me think twice about buying any of them
Hmm...Thought we were talking about ATMs?
Why does math need engineering?
But you are right, we need Bitcoin Gold Specie too.
Like the virtual dollars used to have silver and gold pieces, back when it worked.
For what it's worth: I hope people don't get off on ATMs as well.
237.
Post 3430348 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
My old man (72 years old) just sold 100 BTC at $110.
I convinced him to buy 1000 at $8. He has now recovered his investment plus ~40%.
I got a case of Veuve Clicquot out of it.
My old man is at it again. Sold 100BTC at AUD$205
This time I'm getting half of a 5KW Solar Panel setup.
Total Sold: 200BTC for $31,000. Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC
He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.
Nice story
Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly.
Tell him you rather have the Bitcoins
238.
Post 3438844 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Point: Small speculation pool (Bitcoin speculators) can not fully "price in" any amount of incoming new money before it arrives. Their resources to do so are severely restricted by the size of the pool.
Probably true, but isn't there where leverage comes in? Or is the volume of that still too low?
239.
Post 3438877 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
BTW: Let me please state that imo the perfect market theory that the market always has everything is priced in is nonsense, also in very mature markets such as the NYSE and NASDAQ.
Mr. Market, like bitches, is crazy!
240.
Post 3441370 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
I don't think we will see ATHs until 2014.
... wait a few weeks
Yes, 9 weeks to be precise
.
No forever is the longest time.
"Our favorite holding period is forever." - Warren Buffett
241.
Post 3442291 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
The legal system has to presume innocence.
And yet it doesn't. Ever.
242.
Post 3442864 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
bitcoin is not going down.... globally the consensus is that bitcoin is going to the moon!
To infinity! And Beyond!
243.
Post 3442904 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Seems we've found a "day trader" who thinks he's so smart and is dumping "at the top".
Prepare for some light turbulence and then a boom when he immediately regrets his decision and buys back.
He's listening to that song: "Buy high, sell low!"
244.
Post 3449656 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.
Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well... bitcoin, they would both survive. As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz.
If WU bought MTGox wouldn't they instantly lose all their US licenses and be liable for all fines the US wants to pin on MTGox for things that happened in the past?
245.
Post 3449879 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU.
Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb.
Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well... bitcoin, they would both survive. As it is they are both dieing.
If the goxxers here need any help putting that deal together, give me a buzz.
If WU bought MTGox wouldn't they instantly lose all their US licenses and be liable for all fines the US wants to pin on MTGox for things that happened in the past?
WU would lose no licenses. WU is already doing money transfer and have the channels in Washington to negotiate on the fines. WU will be slain by bitcoin faster than they think, unless they do something. This would be a big win for Gox and a big win for WU, if they can get to "yes" before their independent death spirals sweep them into the dustbin of history.
It would give Gox the largest localbitcoin franchise globally there is, and WU would cut costs tremendously. All bitcoin holders would benefit. Its win-win-win.
But... I'm betting they don't, and am holding my WU shorts until its a penny stock
And I'm holding my WU longs. If WU loses market share at the rate you're predicting, I'll profit way more from my Bitcoin holdings than I can ever lose of my (limited) WU investment.
246.
Post 3460739 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.19h):
Because of Bitcoins never fails!
247.
Post 3479560 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
I think the funds arrived at Stamp
It's a Tsunami of fiat.
It's still useful as toilet paper when taking a dump.
248.
Post 3480038 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
Everyone keep dreaming of $10,000, $100,000 or $300,000 per coin. I'll be prepared for $10-30.
Maybe per m
BTC
249.
Post 3480061 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
A small price correction and people are getting anxious already... Come on nothing goes up in a straight line. Get your nerves together and just hold.
http://www.youtube.com/watch?v=XhGLLBCPwFoBeen doing that for quite a while now
250.
Post 3480327 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
Meanwhile, all the bears that have sell today, first day of the week at $227 hopping for a double top feels good, but tomorrow they will repurchase at a loss...
Buy high sell low!
Buy high sell low!
251.
Post 3481874 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
Whenever we hit ATH
You mean when the USD breaks through its all time low.
Haha. We've got incoming! Take cover!
252.
Post 3482934 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
253.
Post 3483091 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
Hm i wonder if i should hold over the night
.
For the longest time!
254.
Post 3483713 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
its gonna crash soooo hard this time
Very likely. But probably from $1k-$1.5 down to $300-$600.
255.
Post 3488004 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
Stamp $235 Gox $245. China closing in a 1500.
China is completely on par with MtGox for a while. That is a very good sign this is the most accurate price
256.
Post 3488419 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
I can't believe I am here again watching Bitcoin price rising towards $266, everything about it seems to be magic.
Magic, only to the uninformed. This was expected.
No Magic the Gathering
257.
Post 3503365 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.20h):
I'm back. I was at Rome few days and wasn't able to check the price all the time... So it's up it seems =D
Nah, we did a reverse split
258.
Post 3508914 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.21h):
We'll see double digits again, don't worry.
I'm still waiting for the single digits we've been promised all year by certain
poseurs...
ftfy
Single digits for m
BTC it is!
259.
Post 3511463 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.21h):
!!!! Subway! 10% discount! Is this real?
260.
Post 3513366 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.21h):
a real bubble would be one where the price goes beyond the expect value of bitcoin if bitcoin was 3% of the world
Yeah, quite certainly there will be a bubble in bitcoin, and then we are talking about a serious bubble where million satoshis is called a millionaire and similar crazy stuff.
Remember, long term, not much above $300k is realistic
It can be as Bitcoin is better and can do more than gold. A premium would be appropriate.
261.
Post 3523096 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.21h):
On the weekly chart we are just now starting to see the kind of growth that characterized mid to late March. (33% now vs 35%-46% then)
If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
In March, we went +55% in 4 days from 47$ to 73$ :
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-03-18zeg2013-03-21ztgSzm1g10zm2g25zvzpIn the last 4 days, we went +59% from 169€ to 269€.
Wow, you may be right, maybe this bubble WON'T pop! (right now) I should have checked previous bitcoin increases more thoroughly...
Well, I guess in that case I'll just diversify into gold and silver with those "useless" € I just got trying to sell at the top...
Add to my math, but keeping it simple. If we do 266(top)/73 = 3.64
Then we can say X/269=3.64... X= $980
Is that our top?
I have to say that's the top I have in my mind. My initial plan is to realize some profits at $700, and some more at $970. I mean... x30 profit on average is good enough to cash in some fiat for me. But I will keep most of my BTC stash for the long run
Brother Rampion, hope you are well!
You bring up a great point. I really wonder about selling some at 700 ish (to make up for my initial investment, or maybe 1/2 of it). Then just watch the next 5 years unfold.
Now, when BTC goes to 10,000 dollars, that is when we need to start giving away BTC's to organizations to change the world. Just think of what Satoshi could do there...
Remember, this is a disruptive technology, let's disrupt.
IAS
ps - Yes, the mining investments were bad for me too. But, we will still make our money back at higher prices, so just look at it as a hobby that pays for itself.
Like the perspective you put things in. Im proud of being part of this.
Lets disrupt. GO black swan
To celibate this I made:
262.
Post 3526219 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.21h):
Not enough room for everyone
263.
Post 3535690 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
Doubters panicked ...
264.
Post 3538625 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
Yeah baby!!!
VOLATILITY!!!
I love it!
265.
Post 3541791 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
apple?
266.
Post 3541897 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
I like apple bottoms
I know and apparently there's three of 'em!
267.
Post 3542145 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
Incoming apple bottom...
I can watch this all night long
I didn't see the hoola hoop the first 3 times
Hey there's a hoola hoop! Neat!
268.
Post 3542329 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price- For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
269.
Post 3542376 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now
Ask her if she has a hoola hoop with her!
270.
Post 3542540 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price- For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
I suspect that if BTC ever reached that valuation its dominance as an ideal form of money, and its acceptance across just about every industry from which you might want things would be so broad that you wouldn't want to sell any portion of your bitcoin for any other currency. Instead, you'd just spend them for the things you want.
Why do you think I didn't say all? At that point I would no longer choose the most profitable investment strategy but the most risk averse one to avoid ever falling below they level of buying power I would have. If you double your buying power at that point doesn't change your life at all so it's not worth any sort of risk. Therefore you spread your portfolio.
Right now, I'm very focused
271.
Post 3542561 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
what's interesting is the psychological effect of these kinds of numbers. I mean if people get it in their head that bitcoin COULD be worth a million, then 1000 seems pretty realistic (especially now at 300+). And if/when we hit 1000, then the idea of going to 10 thousand seems realistic, and so on, and so on. I mean, if the idea gets seeded and people believe it, it does seem to become a self-fulfilling prophecy.
You know there's the story of the runner Roger Bannister - who broke the 4 minute mile when everyone said it wasn't possible. Even doctors at the time were saying that the human body could never function at that kind of speed. Within a 46 days of him breaking the record, another person broke it, then another, etc. Today this is not so uncommon (although still amazing). The power of belief can't be underestimated here. The internet, which seems so obvious now, had it's firm disbelievers as well in 1993.
There is no spoon.
272.
Post 3543134 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
for the record, i said we would hit 400 two days ago. I should be ignored from now on.
our memory is fickle, you're all good
I would have ignored your statement if it ended up coming true as well. If you predict such short term price fluctuations it's due to random chance only
273.
Post 3547773 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
The market is however more right than any individual.
Untrue by definition. There is only one market (or a handful of markets) and there are countless individuals. By random chance alone your statement is already unlikely to reflect reality.
274.
Post 3548035 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
The market is clueless, that's why it's relatively predictable. Smart individuals take advantage of this.
I think it's quite unpredictable. That's why speculating (aka trading) is gambling to me.
275.
Post 3549081 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
I think we're going to see a lot of buy back this morning from the failed weekend dumpers.
I wonder what percentage of them will be buying back at a loss. It's not like we bulls didn't try to warn them....
This is how it looks like right now...bitcoin tank crashing all the doubters and obsticles on its way to become 1# world currency)
That made me lol, thanks.
It's good to see Proudhon in th speculation topic
276.
Post 3557811 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
EDIT. ofc pint of beer can cost you 100 USD then...
Most hackers will work for a pint
277.
Post 3559586 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.22h):
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
It's because everyone still thinks in terms of fiat, not bitcoin. We're still using dollar, euro, yuan as the value indicators. A house doesn't cost 250,000 dollars, ( or GBP, Euro, or Yuan counterparts) it should cost .25 BTC. Because there will be so few bitcoins per person, each one will have to be worth at least 3 cows, 2 sheep, a pig, 4 chickens, and a daughter...
Is the daughter hot?
278.
Post 3566815 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.23h):
History in the making!
279.
Post 3594357 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.23h):
I can't take it anymore. The price is just too tempting. I'm selling all my coin as fast as I can. I may hate myself later but I feel like I have to do it.
save 10% in XBT
Don't, just don't.
280.
Post 3611900 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
Expect some resistance:
Seems legit.
Anyway, if we follow that purple line indefinitely, I'm not complaining
281.
Post 3616311 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
比特币
ETERNAL LIFE!
282.
Post 3617579 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
Haha "Empty Monday". I'll promise right now I'll sell a mBTC for $1M tomorrow if anyone is interested
283.
Post 3623815 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
What the hell is causing that spread? It's not just Gox too, China is even higher.
We still live in the wild west!
284.
Post 3623952 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
Yet another concern;
Do you really thing the average Joe is gonna want to take his paycheck and buy 1 bitcoin?
Will the average Joe be able to comprehend that you can buy pieces of bitcoin?
Yes.
285.
Post 3624121 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
Yet another concern;
Do you really thing the average Joe is gonna want to take his paycheck and buy 1 bitcoin?
Will the average Joe be able to comprehend that you can buy pieces of bitcoin?
Yes.
Challenge issued;
1. Go to Walmart
2. Ask cashier if you can pay in Bitcoin
3. After he/she looks at you with a blank stare attempt to explain Bitcoin
4. Attempt to explain how they can acquire bitcoin
5. Report the results of your conversation here.
Bonus round;
If you can get a friend to YouTube said attempt you would score bonus points just for the comedic value we would all get watching it.
Do you accept this challenge?
No. How is this related to the original question? (plus we do not have WMT stores in my country).
Furthermore, I could issue you the same mission with Japanese Yen in your pocket
286.
Post 3624194 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
hey its "virtual gold"
Bitcoin is not like gold at all, in the aspect that gold does not have price check built in the same way Bitcoin has. Bitcoin network uses electrical power, and this power has cost. At 600, around 2 million usd daily, can pass trough exchanges pushing the price down. So, we need 2 million daily just to keep the Bitcoin price at the same level. So, 2 million of fresh sucker money daily.
It is completely like gold but better. Nothing in the world comes closer to it than gold. Read
http://evoorhees.blogspot.nl/2012/04/bitcoin-libertarian-introduction.html and
http://evoorhees.blogspot.nl/2013/05/bitcoin-2013-role-of-bitcoin-as-money.html
287.
Post 3624338 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
It is completely like gold but better.
Gold does not have a price point at which all the electrical power generated in the world is used by gold. Bitcoin has such a price point.
Dude electricity is irrelevant. Maintenance cost is relevant. For gold that cost is way higher (anti-counterfeiting measures, transporting, anti-scraping measures, storing, securing) than Bitcoin mining which also accomplishes all these things better.
People that keep focusing on electricity truly don't get it. Do yourself a favour and read the articles by Erik Voorhees I linked.
288.
Post 3628873 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
I love how the Brittish call Americans yanks
289.
Post 3628890 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.24h):
Are we going straight on to $10k+ or what?
290.
Post 3628932 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
This is so detrimental to my work ethic
291.
Post 3628953 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Hearing is OVER?!!!
NOOO. I want them to say.... BUY BITCOIN NOW!
Apparently they have.
292.
Post 3628969 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
brb buying my retirement home in the bahamas
What will you do with the rest?
293.
Post 3629005 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Singularity Now! (the name of the first Bitcoin movie)
294.
Post 3629021 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
WALL IS DOWN WALL IS DOWN.
White house down!
295.
Post 3629082 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
This is so detrimental to my work ethic
I have a paper to write in an hour....no way that's getting done in time!
for what? College? Simply BUY the college.
Yes, it's for a banking class too.
The irony.
Write one word: BITCOIN!!!111
296.
Post 3629120 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Open a bottle
297.
Post 3629214 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Finally a SPARTA! reference
298.
Post 3629284 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Meme it!
HOOOOOOOOLD, for the longest time! HOOOOOOOOLD for the longest time!
299.
Post 3629301 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
without the asian girl, we will WITNESS A MAJOR DIP
Single digits no doubt.
300.
Post 3629454 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
301.
Post 3629536 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
meanwhile China breaks 5000...
6092 Yuan equals $1000.
302.
Post 3629737 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Ponder this: as this hearing wraps up in the next half-hour to hour, the sun is just rising on a brand new trading day in Beijing and Shanghai.
No
Sleep
'Til
USD$1000!!!!!
There is no reason to think that this won't happen at this point.
Come on! 10k Yuan!
303.
Post 3629787 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Ponder this: as this hearing wraps up in the next half-hour to hour, the sun is just rising on a brand new trading day in Beijing and Shanghai.
No
Sleep
'Til
USD$1000!!!!!
There is no reason to think that this won't happen at this point.
Come on! 10k Yuan!
$50k even
Before sleep?
304.
Post 3629917 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Soon: $800/BTC
A $20k face value coin. Try to by a bread with it and get change!
305.
Post 3629956 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Who would have imagined, one year ago, that we'd be sitting here in November of 2013 listening to a Senate committee discussion about Satoshi Nakomoto...?
Cool they're doing all the frequent topics here? Next they'll talk about 21 M coins not being enough!
306.
Post 3630112 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
I can't wait to see how the news networks spin this tonight...
"Kitten trapped in tree"
Sorry no paper today, we liquidated the company to buy Bitcoin.
307.
Post 3630508 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Told ya....
China says to US " the Race is on BITCH!, i'm dumping your USD "
But there is no exchange which takes treasury notes. Will the Chinese dump those?
308.
Post 3631041 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Is there no one left to predict an impending crash to single digits any more?
I don't think anyone even seriously believes we will see double digits again.
of course we will see them again !
inevitable.
10 k up to 99 k
Well 1 m
BTC is trading at $0.80 right now ...
309.
Post 3631105 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Beware of the euphoria, guys.
I'm feeling it... this is better than any drug.
How much have you made this month?
This month? How much have you made TODAY?
I just whipped out the calculator and spontaneously did a happy dance
.
I know euphoria is usually prelude to a hangover feeling, but this feels awesome
.
Paper profits. View them as such. If it drops to $100 tomorrow (without valid reason) I won't care.
310.
Post 3631146 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Beware of the euphoria, guys.
I'm feeling it... this is better than any drug.
How much have you made this month?
This month? How much have you made TODAY?
I just whipped out the calculator and spontaneously did a happy dance
.
I know euphoria is usually prelude to a hangover feeling, but this feels awesome
.
Paper profits. View them as such. If it drops to $100 tomorrow (without valid reason) I won't care.
This. Just make sure to realize at least a bit of those profits at some point
I don't, I believe in the underlying.
311.
Post 3631208 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
The weird thing about the current "bubble", is that is going up so fast so soon. Percentage-wise, if it is like previous "bubbles", we could still have quite a way to go, but the daily percentage gains are just off the chart, very reminiscent of a blow-off top.
Let's hope it's just an indication of the incredible demand, and there is a mega-bubble to come Smiley.
let's hope it;s not a bubble at all but blast off.
312.
Post 3631344 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
aaaand gox is down, of course.
K.O.
313.
Post 3631446 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
WTH are Chinese taking?
They're certainly taking it high. We're nearly back in single digits ($1 a m
BTC)
314.
Post 3631563 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Even BTC-e has overtaken Stamp btw.
315.
Post 3631603 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
5948.99 Y
chinese are really into getting to 6000Y
Wish they'd hurry up, I need to see history made one more time today before bed
Haha I'm not the only one. 6092 Yuan and then bed.
316.
Post 3631661 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
Red pill please
317.
Post 3631687 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
There it is, $1000 equivalent on btcchina.
Someone pinch me.
No, that's 6092 Yuan.
318.
Post 3631730 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
There it is, $1000 equivalent on btcchina.
Someone pinch me.
No, that's 6092 Yuan.
high: 6100.00
wtf ...
Anyway, good night gentlemen. This was history in the making we just experienced
319.
Post 3642005 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
My wife wants to spend my coins
Give her 1 BTC, tell her to reinvest and that she can go crazy on the earnings.
She'll probably appreciate BTC more after she comes back with 0.
Gave my wife 1000000 baht worth of btc a while ago.
Told her to do whatever with it but i was not going to buy anything for her for a long time.
She bought gold some cash asicminer stock and kept a lot of btc. She said no to ltc at five cents...
Anyway i think she is going to use half of it to buy a massive house in thailand. Im too cheep to buy a house... i rent at $125 a month lol.
AnywY its been an interezting ride but her biggezt complaint is my not telling her what to do. I told her thats why i did not keep her in the loop in the first place.
She missed ltc and did not sell the asicminer at 5 when i said was a good idea.
Oh well she is pretty at least
Why? If you're better at dealing with money isn't it better for you to handle the finances and just to give her money when she needs it for something?
A $31.5k gift isn't the most personal gift I ever heard off
320.
Post 3642653 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
I still have no idea what I'm watching, but I'm enjoying the view
321.
Post 3642969 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
nicely done, KISS is a great principle
thanks. Yeah, simplicity ftw. However: they basically need to see it that way because they are only concerned (have authority to regulate) the green parts ($).
the green parts should be optimized away. Any decent modeller can see that right of the bat.
322.
Post 3643106 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.25h):
D-bag said ripple.
Psht, he mentioned Ripple like it is a real thing.
Chill, everything should get a fair shake. Bitcoin is so far ahead it doesn't matter.
Someone should interrupt him to clarify ripple is a scam.
323.
Post 3643194 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Remember when people cared about Bitcoin being mentioned in "the good wife" ?
324.
Post 3644745 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
She looks ill.
325.
Post 3644976 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Are you guys looking at different charts than me?
Looks like pretty normal volatility to me, compared to the action we have seen the last couple of days.
Volatility either side of the peak is a standard pattern, I'll be surprised if this time around we don't see the same as the previous bubbles. In fact, given how routine they are, I'm not sure we can call them bubbles as a bubble by definition is a one time cataclysmic event.
This
I don't think of them as bubbles anymore. Bitcoin = be your own bank and this volatility = herd mentality - everyone withdraw your saving at once. I.e. it's a P2P run on the bank.
Shhhh. We don't want the banks to know this.
There was a time ...
326.
Post 3649581 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
What? Now Stamp is above Gox? Stamp does seem to be the most stable one out there
327.
Post 3649609 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
I'm leaving my profit in BTC (60%) and withdrawing my investment (assuming bitstamp doesnt go under tomorrow cause thats where my fiat is, i frankly wish i cashed out on gox and waited it out). I'm not fully cashing out because (i'm probably an idiot) I do believe in the idea deep down and thats why this is so painful to watch and gets me so emotional.
Greedy apples doing DDOS and dumps on exchanges to serve their desires do not bode well for a system which relies on trusting the community to preserve value. Maybe long term this will smooth over but I can't see anyone buying like they were a few days ago anymore, Top was 900$
Then don't cash out. Price is just what others are offering to buy your Bitcoins. Why give a fuck is that's $500 or even $1? Just don't sell!
It's not a ponzi, there are just sufficient people that want to sell their Bitcoins for ~$500 right now. The only "negative" this brings you is lack of liquidity. You shouldn't have invested with money needed for liquidity anyway so that shouldn't be a problem. If you believe in the underlying thesis (you say you do) hold (and try to accumulate more).
328.
Post 3649792 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Bitstamp going to the moon when no one can log in? lol
Only buyers can log in!
329.
Post 3649906 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
I've gone from 100% bull to 100% bear since earlier today. I fully expect it to be way down when I wake up tomorrow.
Better start thinking up a witty comeback when people at work tell me about how much money I've "lost".
Dude you havnt lost anything! The only difference between your BTC worth right now is time, because it's inevitable that we will surpass $900 next time, so just wait it out
Yes, I know
I got in somewhere between $200-250 so I certainly haven't "lost" anything. But I tend to brag when it goes up, so I can only imagine the comments about how I threw away tens of thousands of dollars while I was sleeping.
Oh well, only time will tell.
Dude, tell them you sold everything and don't ever brag again. Why do you think rich people tend to try and keep this private?
330.
Post 3650311 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
331.
Post 3650373 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Some day old timers will tell their grand children about the crazy wild west times just following Bitcoin's inception
332.
Post 3650519 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Some day old timers will tell their grand children about the crazy wild west times just following Bitcoin's inception
True and I'd guess this is only the foothills of the opposition that's likely to follow, the DDoS's and clear divide in press bias suggest the funds going into keeping Bitcoin down on the exchanges are only a part of the funding being thrown at it. The next step will probably be intense lobbying now the governments worldwide have shown an interest in allowing Bitcoin room to prove its worth along with increased cyber warfare and increased stonewalling of Bitcoin related businesses by financial institutions.
No matter, you cant stop an idea who's time has come and by pushing back harder they will only move the damage from their walls to their foundations and fall even harder as both their trust and legitimacy fail. Apparently corporate central banking is too big to fail but I guess whoever came up with that never considered the entire world as an opponent.
It's nigh impossible to kill an idea
Scientia potentia est!
333.
Post 3650536 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Stamp have serious DB problems right now...
my 30 day history is set back to 0$/0BTC and commision is back to 0.50% and the BTC i send over (sadly without checking first the status of stamp...) are in limbo atm.
FREE COINS!!11
334.
Post 3651529 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Interesting how sentiment quickly changes in this thread. Seems to me people forget we have reached double the ATH time and again.
Indeed, ~half a year after the previous one. These cycles are damn fast.
335.
Post 3651723 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Oh, look, it's me in 2011 and 2012. Except I grew some balls and now I'm rich.
F$ck yeah!
Someone should really make a follow up song for the Proudhon song
336.
Post 3654009 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
Mmmm, I remember the days when I was nearer the top of your distribution list, and thought I could make a quick buck, and then Bitcoin jumped 2 orders of magnitude and became my legendary big fish.
I think the panic buying starts in the $1000 range this time around.
Please just because I enjoy your contributions, never go all in on fiat always hold a little Bitcoin in reserve.
So you're all out at a $15-$40 price?
337.
Post 3654085 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
stop thinking bitcoin is going XXXXX% a year
this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
Then why are you out?
338.
Post 3654743 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
Single digits by friday.
for mBTC
This.
339.
Post 3654841 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.26h):
So we have a green candle today?
I'd guess red.
340.
Post 3662081 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Historical highs and lows compared using rpietila's trendline:
Date Price / Trend = x% (Factor)
Lows 2011-11-17 1.99 / 2.05 = 97.11% (1 / 1.03)
2012-08-19 7.58 / 13.90 = 54.52% (1 / 1.83)
2013-04-16 50.01 / 74.30 = 67.31% (1 / 1.49)
2013-07-05 65.42 / 129.59 = 50.48% (1 / 1.98)
Highs 2011-06-08 31.91 / 0.67 = 4780.29% (1 * 47.80)
2012-01-05 7.22 / 2.87 = 251.38% (1 * 2.51)
2012-08-17 15.04 / 13.71 = 109.67% (1 * 1.10)
2013-04-10 266.00 / 71.22 = 373.48% (1 * 3.73)
2013-11-19 900.98 / 333.86 = 269.87% (1 * 2.70)
This looks interesting - but what does it mean?
The deviation from the trend line?
341.
Post 3664337 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
I would kill for 22 BTC...I have 1/100 of that...
The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users
Every "normal" guy can afford at least 10-100 btc.
Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.
What does "on Wallstreet" even mean?
342.
Post 3664375 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Gox and Stamp are above China now? The only constant is there is no constant it seems
343.
Post 3664451 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Gox and Stamp are above China now? The only constant is there is no constant it seems
Where did you see that? I still see China just under 5000 CNY.
I saw 42xx. Maybe I dind't refresh properly.
344.
Post 3665366 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
any bears left? xD
Me, and Wekkel. Everybody else is all in.
- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!
i hope you still hold some btc!
Would be weird if the Bitcoin barrron would end up with no coins.
345.
Post 3668413 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Litecoins are interesting. Do you guys think it will ever catch up anywhere close to where bitcoin is though? I was thinking, is it even worthwhile to mine litecoins with a normal gpu?
For one there will be 84 M LTC in total verus 21 M Bitcoin.
346.
Post 3669434 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Subway! Is that worldwide? If so, this is going so much faster than I ever imagined
347.
Post 3669454 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Subway! Is that worldwide? If so, this is going so much faster than I ever imagined
i think its just one subway so far.
i guess the owner of that particular subway is a bitcoiner
Ah Subway's a franchise?
348.
Post 3669480 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Subway! Is that worldwide? If so, this is going so much faster than I ever imagined
i think its just one subway so far.
i guess the owner of that particular subway is a bitcoiner
Ah Subway's a franchise?
each one has an owner tho, no?
they simply all have to report to the HQ
isnt that how it works?
That's how a franchise works.
349.
Post 3672725 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
(In the real world, sorting out a possible delivery problem with international postal services does not happen during weekend/night hours. Even the company of mine that was doing the shipping is 100% offline and unreachable until Monday 9 am, and it is in a different country than me. But telling the guy to wait a reasonable "2 weeks" would possibly have escalated the situation)
So who's crazy? Us, or the guys in the "real world"?
350.
Post 3674295 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)
Like I said, it's a choice of liquidating existing savings which I can afford to lose - or getting a loan which offers a chance of achieving the same level of holding, in an instrument that "may" appreciate at such a rate that I can repay within the holiday period. If not, I cash out my savings. It's just time shifting, not increasing any risk. Anyway, what's with this idea that people don't borrow to invest isn't that what leverage is all about?
If you've got the choice, then get the money out of your savings. Take money out of savings which is earning you probably no more than 2% interest, or get a loan out on which you must pay 5% interest? Dude, this is a no brainer.
The money in his savings are likely making way more than 2%. It's in tax deferred account so I presume it's invested in the market.
As he explains it, loaning is probably the option with the highest expected value and the downside risk isn't that great.
351.
Post 3674379 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.
Oh, please,
bear with me too.
I can see clearly that you have a very complex way of losing!!!
It almost feels like not losing at all, doesn't it?
If you don't accept defeat, you can never lose
352.
Post 3675331 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Still with 7 transactions per second being the hard cap limit, I will always have a big bear in me telling me this will never grow out to compete with credit card companies. And also this issue can't be fixed.
That's not an issue it's a feature!
353.
Post 3675388 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.27h):
Still with 7 transactions per second being the hard cap limit, I will always have a big bear in me telling me this will never grow out to compete with credit card companies. And also this issue can't be fixed.
That's not an issue it's a feature!
I think we're at or approaching 1 tx a second.. so we need 7x as many were getting now before we start to worry about that.
Lets assume Bitcoin is worth 7x as much by then, so 35 Billion or so. I think we will have the resources to fix that.
There's nothing to fix! It's by design. Want it 'fixed'? Go create some dumb alt coin.
354.
Post 3711299 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.28h):
How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.
It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.
is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?
The blockchain is only 23.5 GB. I can't see that being an issue.
355.
Post 3713513 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Altcoins behaving weirdly. NVC jumped from $8 to like $26 is a couple of minutes.
It's called BTC-E is just 5 guys on a perma pump-and-dump binge.
yes they just want to take attention from LTC and driving losers to invest in NVC, TRC and FTC, they pump them so people jump into them and forgot about LTC, I was watching selling walls getting eaten trying to prevent LTC from getting over $10, that didnt work so they moved and started pumping other alts to steal the attention.
NVC is one coin I never thought would make it with that enormous premine. So weird that people want to own that.
356.
Post 3714789 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
That's hilarious
It even says: "outliers removed from graph". Bitcoin's an outlier of ever there was one!
357.
Post 3715051 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
One person can move the market much more than 10%
Who? Satoshi?
Last I thought was the "Satoshi" stash was around 1,070,000 Bitcoins. Loaded doesn't have 2-3 wallets ranging from 40,000 - 80,000 bitcoins. There wasn't just 200,000 coins shuffled for a few laughs. Estimated individuals holding more than 10,000 coins each is in the hundreds. Exchanges don't profit in both bitcoin and fiat and have no reason for either. A 10% market change right now would take ~2,500 coins but your right, Mr/Mrs/Ms Nakamoto must be the only person capable of such a feat.
"Buy All The Bitcoins!"
I just want the Satoshi handle to come back online in this forum and say "I told you so" and then disappear forever. Either that or move those 1,000,000 coins so everyone can stop and go "holy shit he is alive" and then let the frenzy begin. We will be at 10,000 by the end of the year. No one would be selling only buying. The founder lives! The mythical man exists.
If Satoshi moves the coins, the price will (temporarily) take a dive. The market has (rightfully) not priced in a 100% possibility that Satoshi is still able to access his coins. The chance of him not being able to might be small, but even 1% of his holdings is 10k BTC, >8$M.
358.
Post 3718922 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Its not an insult, you guys need to research about this reptile dude b4 even bother reading his post. He was a laughing stock. Then he admitted that he needed help and checked into rehab. None of that is an insult. I'm shocked seeing him back and the same old "i'm loaded, i'm dumping coins" BS.
I truly hope him well.
There are lots of mental conditions that have no bearing on someones ability to trade and engage in serious and informed discussion, you need to back off, and take people as you find them. This thread is full of people trying to manipulate, and although no doubt there is some serious money here collectively, it is becoming more and more diluted.
Dude, it's the speculation forums. If you take things seriously here you deserve what's coming.
As for rpietila I like his contributions. I don't always agree and I have no way of knowing whether he claims what he has or not
359.
Post 3719956 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Its not an insult, you guys need to research about this reptile dude b4 even bother reading his post. He was a laughing stock. Then he admitted that he needed help and checked into rehab. None of that is an insult. I'm shocked seeing him back and the same old "i'm loaded, i'm dumping coins" BS.
If you check back to my posts last spring, they did indeed generate more angry responses. So I decided to back away from the forum until they would be better received. IMO this is what's happening just now - all of my threads are receiving spontaneous kudos from newcomers especially.
Your posts are of way better quality now than they were by the time.
But also the sentiment that maybe you can be right with your price prediction helps. (With a more reasonable timeframe, though)
It was only the time frame that was mocked back then too. The calculation of ~$300k per Bitcoin if it takes over the Gold function completely (but only gold) is fairly accurate.
360.
Post 3725630 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
This is crazy! Does people think that <900 was expensive but >900 is cheap?
It's called resistance. When it breaks, it's free to move up.
Yes, and those concepts are retarded and crazy to value guys (like me). But don't let that discourage you! Move along
361.
Post 3725730 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
I'm watching Champions league now. Curious for prices after the match
362.
Post 3726584 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
i told you about the ltc train, who got on?
Missed that one, wish I would have invested all in litecoin at 9$ so it would have been doubled.
half a cent each was a better time to get on
Damn.... i thought my $50 for 8000btc was good.
Did you get 500k ltc? lol
Do you still have 8k BTC?
And nice going Goat. You guys make me feel piss poor.
363.
Post 3726617 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
i told you about the ltc train, who got on?
Missed that one, wish I would have invested all in litecoin at 9$ so it would have been doubled.
half a cent each was a better time to get on
Damn.... i thought my $50 for 8000btc was good.
Did you get 500k ltc? lol
I have 10
just under 500k and lol at racetractor r and d
Start feeling pleased that I'd decided to "diversify" into 100 LTC, and along comes Goat...
364.
Post 3728374 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Has anyone thought that if Bitcoin (or similar) becomes a world currency, there will be historians and anthropologists crawling all over the backups of these forums 200 years from now, understanding how the crypto revolution happened?
Weird to be in the middle of history.
Very cool thought-- I agree, we are in the midst of something spectacular (and historic). I can't help feeling both proud of and a little jealous of the guys sitting on thousands of coins (my mind almost implodes thinking about Loaded's 200k.
Also, when we attend the 10K/coin party (didn't they move it to 10K?), we need to wear name tags with pictures of our Avatars so I can recognize you guys. I gotta say I'm grateful to be here. Fucking p2p is the shizo.
btw choo choo
Nice party to visit for some criminals with a few armed buddies
365.
Post 3728838 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Stamp finally hit $900.
BTC-e is next!
366.
Post 3729080 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
I' going to put champagne in the fridge
that seems prudent...brb
Tomorrow your boss calling you in bed: "Where the Fuck are you!"
You: "Fuck you I'm sleeping and btw: I quit! Bye bye now"
367.
Post 3729149 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
I' going to put champagne in the fridge
that seems prudent...brb
Tomorrow your boss calling you in bed: "Where the Fuck are you!"
You: "Fuck you I'm sleeping and btw: I quit! Bye bye now"
The day after tomorrow: Scandal concerning all Bitcoin exchanges, price tanks to 1%
Him: "That wasn't me that was my evil twin jojo68!"
368.
Post 3729390 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
I saw this. Where do they find these idiots?
369.
Post 3729541 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
I saw this. Where do they find these idiots?
But its so bullish. The guy is so anti-bitcoin but still he has to admit it can very well go to $1M per coin, and he closes the article with that statement. He has to.
How bullish is that?
Not bullish at all. Don't listen to anything this idiot has to say. Bearish, bullish or otherwise.
370.
Post 3733921 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
STAMP:
9k coins to $1k
5k coins from $1k to $8k
All the newborn millionaires want to cash out at $1k
They do not realize that we will go up to 5 digits like a hot knife through butter once that the $1k resistance is broken.
Dude, do you ever sleep?
You seem to be compatible with about 3 different time zones!!
Judging by his overall posts he gets some healthy 4-6 hours of sleep.
Most of us won't make it till 80 anyhow
))
Look at mine: I never sleep!
https://bitcointalk.org/index.php?action=profile;u=18158;sa=statPanel
371.
Post 3734049 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
STAMP:
9k coins to $1k
5k coins from $1k to $8k
All the newborn millionaires want to cash out at $1k
They do not realize that we will go up to 5 digits like a hot knife through butter once that the $1k resistance is broken.
lol $300k/btc before end of year. :-)
What year? GoodYear?
372.
Post 3734097 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Wall Wars
Time for a: "Bitcoin is finally stable" thread.
373.
Post 3736719 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
So we suddenly all trust Gox again over Stamp?
374.
Post 3736801 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
So we suddenly all trust Gox again over Stamp?
its for the
media. the media cares... once we hit 1k there hell will break loose all over the news and we hit 2K in no time.
I personally don't care about the Gox price... Just gox bux.
But China was above $1k already ...
375.
Post 3736853 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
So we suddenly all trust Gox again over Stamp?
its for the
media. the media cares... once we hit 1k there hell will break loose all over the news and we hit 2K in no time.
I personally don't care about the Gox price... Just gox bux.
But China was above $1k already ...
but but , something smells fishy in
Denmark China
And in Japan
Someone should do something with the South Park China vs Japan episode
376.
Post 3736912 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
BTC-e breached $900
377.
Post 3736939 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
So what do you think guys when we hit $1000, will it be like when we hit $900 the first time, with a 30% correction, or will it be like when we hit $900 this second time, with a huge pump towards around $1030?
90% correction to double digits
I would like a 10 min flash crash to double digits to buy some more bitcoins! Then back up to 4 digits
Any sell order that will take us to double digits will probably take Gox an entire week to process
Haha, they seem to do it by hand
378.
Post 3736996 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Haha, I love this topic when these things happen
379.
Post 3737359 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
When I first heard about Bitcoin, the price was $1.30 ish. I was recommended not to buy because "it was a bubble and would come down soon", so I invested in some mining gear (right before the run-up to $30 and the huge spike in difficulty). I kept buying small amounts before and after the spike to $30, and kept buying through the next year as it dropped to $2. I wish I'd had access to the sums of money some of you guys had when you bought into Bitcoin. But I guess I can't complain at all, my original modest investment has netted me 400x returns and I'm well enough positioned if Bitcoin truly does succeed.
What an incredible journey so far, and so much more to come.
You will be a millionaire one day, maybe not a billionaire like the others, but I'm sure we can both live with our poor outcome
How can you tell?
380.
Post 3737514 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
381.
Post 3737605 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
382.
Post 3737639 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Where are my double digits???Breaking the $1000 barrier was just mean
Double digits for mBTC you mean? Patience, we just reached single digits
383.
Post 3738068 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
be fearful when others are greedy !!!1!
Greed will just start now that we passed $1,000. Until now, mainstream is fearful (it is a bubble, it is a ponzi, is super-risky, etc.)
When "pro" financial advisors will start to shout "get in, is the best investment ever", etc. - then it's time to be fearful and cash out.
Agree.
That would probably be too early
384.
Post 3738173 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
They say the language is quite easy
385.
Post 3738346 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
http://www.ad.nl/ad/nl/5595/Digitaal/article/detail/3552404/2013/11/27/Virtuele-munt-Bitcoin-voor-het-eerst-boven-1000-dollar.dhtmlDe virtuele munt Bitcoin wordt op het online handelsplatform Mt.Gox voor het eerst verhandeld voor meer dan 1000 dollar. Dat meldden Amerikaanse media woensdag.
Bitcoin maakt de laatste dagen weer een sterke koersstijging door. De koers van de virtuele munt is echter erg wisselvallig. Sterke pieken worden gevolgd door diepe dalen, vaak zonder dat daarvoor een duidelijk aanwijsbare reden is.
The virtual currency Bitcoin has been traded above $1000 for the first time on the Mt.Gox exchange. This is reported by US sources today
Bitcoin is experiencing another large price expansion. De exchange rate of the virtual coin is very erratic however. High peaks are followed by deep valleys, often without any evident causes.
The Dutch media wrote and article and they didn't make a mistake in it! I'm so proud!
386.
Post 3738516 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Brb going to search all landfills in the UK.
Wtf, it's would probably be a good investment of time and resources for me to go to the airport right now ...
387.
Post 3738619 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
Brb going to search all landfills in the UK.
Wtf, it's would probably be a good investment of time and resources for me to go to the airport right now ...
What if it's passworded/encrypted though?
He will probably split it with me quite happily I would think
388.
Post 3738736 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.29h):
The stupidity was not making a backup.
You know there have to be more than a few wallets full of BTC sitting on hard-drives on computers in second-hand stores and pawn shops. I look forward to hearing some interesting stories.
A friend lost a relative recently who got on the btc bandwagon in 2010, the guys widow doesn't even know what bitcoin is. He died Saturday night, friends been trying to decide how to approach the wife about recovering them for her. I imagine lot's of these types of stories will come out over the following years!
Tell him to do it soon. People act hastily in grief. She may give the computer to a nephew or something.
One of our Partners had been in Bitcoin since late 2012. He died unexpectedly early 2013, and we suggested the widow certain measures of Bitcoin recovery. She refused, saying, that despite she had heard him constantly talking about it, it is unlikely that he had any or that it would matter.
So you offered big for all computer equipment in the house?
389.
Post 3749462 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
WTF happened to LTC? Anyone interested in buying 10.6LTC for 0.52 BTC? PM me!
390.
Post 3750290 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
The real madness will start once Bitstamp hits $1000. $1000 will seem cheap next week.
That will happen today i think. Possibly very soon.
Someone wants to cash out $3M on Stamp at exactly $1k. Any whale wants to exchange a few of his millions for a 3 thousand BTC?
I guess its fun when you request a $3M withdrawal on Stamp. I can imagine the face of your bank manager when that wire arrives, especially if you never had a balance greater than a few k's
Haha, so much fun to show your bank statement to people close to you if they have no idea. Probably stupid though
391.
Post 3750598 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
Nobody -read again-
NOBODY who owns a 3 or 4 digit amount of
BTCs is selling nowadays. It's all what they were looking for and patiently waiting, all this time. It will simply won't happen (unless they want to convince some weak hands to sell their stash to them in panic sells)...
Well, you have somebody selling 3k coins at $1k on Stamp
Do not forget that there are quite a lot +3k BTC holders that mined back in 2010, 2011 and 2012, and that never in their lives have seen more thant $50k at the same time. The sensible thing to do for those guys is to sell 1k coins and bring home their first million. They won't be "all set for life", but their life will VASTLY improve for the years to come.
You see, money has a marginal utility once you reach a certain spot. Securing the first million is much more important than making the second one. Sensible guys know this.
Yep. If I woke up and realized I had 3k BTC I would sell 1k immediately.
I would dance around excitedly wondering how the hell my Bitcoins made babies!
392.
Post 3750822 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
Humans are a strange sort.
Barely buying all the way up to $1000. Then plowing through a 2500 wall in minutes once they are there. WTF?
obv 4 the lulz
Buying something because it goes up. Can you imagine what happens when supermarkets catch on to this.
What a deal, the apple costs 5% more than yesterday! Buy it now before it's too late!
393.
Post 3750899 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
this dumb whale at 1k needs to cancel his remaining 400 coins and wait til 5k
Done
394.
Post 3752336 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
LTC dropping fast
Goat cashing out?
I never though me cashing out my 10.6 BTC would crash the market
395.
Post 3752541 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
LTC dropping fast
Goat cashing out?
I never though me cashing out my 10.6 BTC would crash the market
I have not sold since april.
Also corrections are healthy.
I meant 10.6 LTC of course.
396.
Post 3752918 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.30h):
What you all think will happen to our coins if war comes? China is provocating and USA is loving war.
Exploding.
That comes in handy in a war!
397.
Post 3786160 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
I'm just going to put this out there...Anything below 5k is a bargain.
Thanks for your random number
398.
Post 3792415 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
Are we in panic mode again?
399.
Post 3795129 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
I would say we are in the take-off phase - at the junction between "Smart Money" and "Institutional Investment".
We will see.
We're still much much earlier than that. people vastly overestimate these things.
400.
Post 3797410 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
it has popped twice, one from $900 to 500.. and just yesterday from $1200 to $800. why do people not see this? it was a crash, but it inevitably rebounded.
It hasn't (fully) rebounded yet.
401.
Post 3798824 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
Do you got the link handy?
Coincidence? You know what say about conspiracy theory protagonists
402.
Post 3799000 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.
That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.
All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.
I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!
You've hardly slept to make half a Bitcoin on some trades? Hardly seems worth it, does it?
403.
Post 3799113 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k.
Interesting observation. I wonder if the long plateaus and then jumps at .1, 1, 10, 100 and 1000 are purely due to psychological factors with round numbers.
It look like it because it's a logarithmic chart
(also I don't know how you get 2 months out of this)
404.
Post 3799310 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
And what the fuck's up with that delta sign?
405.
Post 3799451 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
SHIT! I got 10,000 of those for free. If only I knew they were trading at 15,000...
Dumped them immediately when I got those for a little over a Bitcoin months and months ago (so better than selling now). To my incredible surprise the price of those worthless things went up after that (by a lot). Good to see them trade far lower now. The market will get it right in the end when it values XRP at zero.
406.
Post 3804390 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
That's good for bitcoin then
I'm just wandering why keiser is a follower of a dumping program.
To make fast money? Is there any other reason to buy and advertize Quarkcoin?
407.
Post 3806021 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.31h):
Dumb things finance people say:
http://www.businessinsider.com/29-dumb-things-finance-people-say-2013-11I think I've seen most in this thread alone
408.
Post 3828722 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
Let's show the guy a bubble!
409.
Post 3828832 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
Let's show the guy a bubble!
don't fucking try to create a bubble you idiots.
But this is Bitcoin. It's bigger on the inside
410.
Post 3834157 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?
I think so ...
411.
Post 3834756 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
This is just getting started guys, stop suffering from myopia.
When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?
Yes, I'd say theres a relatively small percentage of the bitcoin world actually seen this crash and news so far. Lets even say 50%. When they log on and see their purchases at 1050+ are now sub 1000, there could be even larger sell off's.
But the news has already updated to say it's not such bad news. With that, I can't see latecomers panic selling when the charts also look like they might be bottoming.
Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.
It's neutral news. As was the US lovefest.
412.
Post 3834855 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
so, check this out
"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."
Somebody just got a sweet deal *cough, owner of BTCChina, cough*
Must be nice to get an inside deal. *cough, money exchanges hands, cough*
What advantage does BTCCHina have for which you suggest they've had to pay?
413.
Post 3834860 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
Brace yourselves market gonna crash. Two reasons -
#1 China banned banks from Bitcoin transactions
#2 Sheep Market place theft of $400 million, much bigger than silk road
Remember when Silkroad closed down?
414.
Post 3835468 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
so, check this out
"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."
Somebody just got a sweet deal *cough, owner of BTCChina, cough*
Must be nice to get an inside deal. *cough, money exchanges hands, cough*
What advantage does BTCCHina have for which you suggest they've had to pay?
Chinese banks can't enter its business.
No, but they can start wholly owned subsidiaries which can. This news is not exciting at all.
415.
Post 3835755 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
Haha fair value at close to the current price. That's how I know wall street analysts. Be prepared for a doubling of the fair value estimate after the price doubles and a halving of it after the price halves
416.
Post 3835878 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
is silvers market cap only at 15 Billion USD?
Closer to $22B
1 tonne silver is about US$725K
There are about 30K tonnes in reserves
(and over 1M available to be put in reserves so real number is closer to $800B)
Maybe he is just considering american eagles.
And only considering one aspect of Bitcoin.
And calculated a price north of today's. Mmm what would that indicate for the real value?
417.
Post 3851568 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.32h):
tripple bottom achived, now into the 1400's
A triple bottom reversal requires a clear downtrend first. Bitcoin does not have that
418.
Post 3853756 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
Wild Wild West. Next stop ?? who knows
419.
Post 3855003 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
So, TA specialist, we have a game of: "Name the pattern". You can buzz in at any time!
420.
Post 3855076 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
So, TA specialist, we have a game of: "Name the pattern". You can buzz in at any time!
it's called the
lsd time loop traditionally.
some younger people call it the
keta-cycle.
Correct! For bonus points: bullish or bearish?
421.
Post 3855277 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
It's all bouncy bouncy!
422.
Post 3855301 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
So is it 800 or is it 900? Hmmmmm.
It's both! Schrodinger's Gox!
423.
Post 3855383 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
There's a panic in the air!
424.
Post 3855457 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
tell me bulls, are you happy with the goxloop thing?
Gox is just doing it's thing.
You mean attempting to artificially protect the price?
Protect? LMAO
425.
Post 3855946 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
"Don't panic the price will rise and fall"
426.
Post 3855976 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
"Don't panic the price will rise and fall"
Ultimately we're breaking through the wall!
The sky's the limit!
427.
Post 3856018 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
"Don't panic the price will rise and fall"
Ultimately we're breaking through the wall!
The sky's the limit!
So I guess we still are in the denial stage of a bubble pop..
Hey that's not the next line! You fucked up!
428.
Post 3856331 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.
429.
Post 3857915 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
In that case. Go full retard Risto, go full retard.
Busy doing.
Actually it seems to be holding for the 4th time!
It didn't hold last time. Gox suspended the trading with its crappy servers. It was artificially "held".
If you believe this you're really ignorant.
430.
Post 3857962 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
In that case. Go full retard Risto, go full retard.
Busy doing.
Actually it seems to be holding for the 4th time!
It didn't hold last time. Gox suspended the trading with its crappy servers. It was artificially "held".
If you believe this you're really ignorant.
Were you not here when Gox looped the same trades like 10 times on the charts? When no one could get in any buys or sells because we lost track of what happened after $829?
Yes, but an insecure major exchange is not a reason for the price to remain higher. Quite the opposite, if Gox was more reliable the price would be higher right now. You've got it totally backwards.
431.
Post 3863706 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.33h):
What? So no Stamp is above Gox? I'm beginning to understand Mr. Market less and less
432.
Post 3865470 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.34h):
Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.
Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.
I ain't buying that quick recovery as we are still in a downward channel.
Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.
Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.
433.
Post 3865523 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.34h):
Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.
Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.
I ain't buying that quick recovery as we are still in a downward channel.
Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.
Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.
It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.
No it's manipulation of the price at one or more of the automated Bitcoin exchanges. If you don't like that price and want to buy or sell look for someone to barter with
Being able to manipulate certain aspects of third parties is something completely different from manipulating Bitcoin. Confusing the two is as retarded as saying Bitcoin was hacked because inputs.io was hacked.
434.
Post 3928795 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.36h):
Bears roam freely. Bulls, sheep, pigs are domestic animals => get slaughtered.
bears get left out in the cold and the only way they can survive is if they sleep for 5 months in a row
now whales on the other hand roam free all the time and do whatever the fuck they want
Some of them have a beef with Ahab though.
435.
Post 3936360 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.36h):
Yep, that is very possible one. But imo, it has to go down first, hopefully soon.
We've just gone slightly beyond the point of a triangle as the shock waves get damped out and that triangle has an upward trend, it would take something fairly significant to change its direction (not that I go in for TA but harmonics and damping are relevant in all kinds of stuff).
Not that I disagree over much because everything so far suggests this should be the start of a fairly long downward trend but I also think the dumps may have been premature and there's upward pressure despite the caution.
all we need is a good bid wall and caution will be thrown out the window
I can wait a week till that Eurozone news disseminates to the masses. It took an awful specific search term to find it, and I had to show my dad he hadn't heard much about the whole deal and he' pays a fair bit of attention to global trends and politics. Sometimes patients works.. I know I could have sold at any of three daily tops now but I'd prefer to just hold atm.
Were like a rocket ship about to engage our stage 4 boosters. were almost out of our atmosphere and I'll just equate price drop in a change of velocity for a moment.. but remember there is less gravity in space Lol
What news? Could you link please?
436.
Post 3939792 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.36h):
Meanwhile @ Yahoo Finance:
437.
Post 3939900 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.36h):
Meanwhile @ Yahoo Finance:
That's frackin great. 10% is way high! Can you imagine if 10% of fund managers agreed?
I am one of the 672 and I'm not a fund manager of anyone's funds but my own
438.
Post 3940275 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.36h):
No, that fucks it up. I was interested in the results. Guess I should have known better than to post it here (I didn't link at least
)
439.
Post 3942282 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
Reminds me of the rally threads, I was only new just before they stopped working but everyone had to go and shout at the speculators to stop screwing around, the prices used to be a line with jumps in it
the market has mature so much in the past 3 months no one realizes and assumes we are in a bubble, no we are not in a bubble.... if you think bitcoin is in a bubble go buy an ounce of gold.
We're probably in a bubble but only in the same way Amazon was in a bubble in 1999.
Amazon is still a bubble
440.
Post 3947049 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though.
It is. Don't take considerable risk to increase it would be my advice.
441.
Post 3947136 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
I think betting with trading to reach 500/1000 is much safer option than to bet BTC will be 20-30k worth one day.
I think you are completely mis-estimating these odds, but good luck to ya
442.
Post 3947518 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
The only thing I don't like with being a bear is that posting in the forum is not fun anymore.
Don't put so much value in what other people have to say. I for one love it when I say something and no-one agrees, while at the same time I'm very certain of my opinion. I'm a contrarian at heart though
443.
Post 3947591 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
The only thing I don't like with being a bear is that posting in the forum is not fun anymore.
Don't put so much value in what other people have to say. I for one love it when I say something and no-one agrees, while at the same time I'm very certain of my opinion. I'm a contrarian at heart though
Contrarians are often lonely, but always win the biggest.
You're not lonely if you don't mind people thinking you're wrong. Also, when you're right often, people close to you start to believe in you, even if they think your opinion sounds insane
444.
Post 3949048 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
I don't believe it. 42% wouldn't be able to locate the USA on a world globe.
445.
Post 3950995 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
I wouldn't trade BTC now in any direction if my life would depend on it..
The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while.
Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed.
As others have said, buy and hold,
daytrading in Bitcoin is a 90% sure way of losing money. All the TA in the world is no defence against even a single whale trade and bots are the most advanced and high budget area of AI R and D. An army of corporate geeks get fat pay checks to find ways to fool you into losing money and their work is backed up by enough funds to clean out all the exchanges in an instant. Its only getting started too, when all wall street is playing with the charts anything we do will be like walking into a war with a pop gun.
No, it's not. Daytrading made my Bitcoin position some 30 times bigger. I made twice or triple of amount of Bitcoins I initially bought multiple times in one single day. I had many red days too but overall daytrading was good to me. Not sure for how long it would be now though as altcoin game changed as it's not as easy to jump in and out between them and btc anymore but so far it's been a good.
Yes it is. Some people win with roulette too. You won with trading. Congrats, but it wasn't skill
446.
Post 3951878 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
I looked at each fund, all of them seem to be losing value. Any fund that you recommend?
NeoBee , the first bitcoin bank based in Cyprus
Starfish was first!
(or was it IBM?)
447.
Post 3957199 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.37h):
Good job calling that bluff haha
448.
Post 3964873 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.38h):
Apparently in my sleep lastnight I chuckled and mumbled, "Goat bought a lambo."
So your girl/wife thinks you were dreaming about a goat buying a Lambo and driving it
449.
Post 3964919 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.38h):
Haven't been able to read the last couple of pages, 'cause I'm at work right now.
What is everybody's sentiment now we're nearing the closure of the triangle?
Bears think we are crashing. Bulls keep waiting for this big bear market that doesn't seem to go anywhere.
Everybody wants cheaper coins so coins don't get much cheaper.
Bears have about 2 weeks to pull something off and this weekend, their best time of the week, is halfway over.
I was just expecting more speculation / excitement, as the oscillations in the charts are clearly becoming smaller and smaller
bitcoin is stable!
everyone party hard!
Can it be stable somewhere higher?
450.
Post 3980532 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.38h):
Oh and also: even an all-knowing god might not be able to predict the future. If he could, why would he even run the world. Makes no sense.
Now that's worth a whole new thread.
No it's not. If he's all-knowing this would include knowledge about the future. So the above statement is logically internally inconsistent.
□
451.
Post 3980796 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.38h):
Something tells me I should have bought at 815 this morning...
Is it the fact that the price is >815 right now?
452.
Post 3981672 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.38h):
I just realized until bitcoin I never looked forward to it being Monday so much.
lol
Monday is my favorite time of the year!
NOFX - Thank God it's Monday
453.
Post 3982627 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.38h):
moon $1000
mars $10000
I'm looking at this picture and all I can think is "why the F would we want to go there?"
Me too. I wouldn't be found dead on that dead planet.
I'll enjoy watching others go there though
454.
Post 3990463 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.39h):
What are you guys smoking? If this is true it's absolutely awful. Where were we before China came in? $150?
Bitcoin is a very weird thing. The more they fight it, the more it'll be worth. So I say bring it bitches!
455.
Post 3991015 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.39h):
800 wall at stamp: she's gonna blow!
What wall?
456.
Post 3991246 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.39h):
Panic is building again! I love how history keeps repeating itself and no-one learns a thing.
I feel like Cassandra
457.
Post 3991333 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.39h):
I guess the FUD is almost over
You sure this is FUD? BTCchina has inputted: .3% fee, change in chinese paypal as a means of deposit, and requiring some stuff on id's... all this because of an FUD post?
Come on, everyone knew they would start to charge a fee at some point.
458.
Post 3998064 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.39h):
like I said less than two days from now the eurozone resumes talks of plans that start with cyprus style bail ins. If the whales just fleeced people out of 200-300$ discounts there going to be laughing riding on the bubble a eurozone bail in will create.
Who's getting a bailout for Christmas?
459.
Post 3998084 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.39h):
Next Week: USA 'bans' bitcoin
It's the final step before we win. Please everyone: Fight us. Make our day!
460.
Post 4000736 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
All this means is some Chinese gambling addicted grandma is going to end up holding 80% of all Bitcoins with no idea what they are but very happy she won so much.
LoL
Satoshi!!!!111
461.
Post 4000823 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
I'm telling you guys, check the sources. People are posting fake google translations of the source article quoting the true sources. We're screwed. Coindesk will be posting an article soon.
Wait til everyone finds out 97% of the forum posters are Theymos, then they'll really dump.
I'm Theymos!
462.
Post 4001153 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
URGENT NEWS: Satoshi nakamoto is actually snowden!!
Um, proof in Chinese, or I can't believe it.
證明
463.
Post 4001310 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
Yes, lock me in with all those trolls why don't you.
464.
Post 4001354 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
465.
Post 4001401 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
BTW: This is the first crash/bear period/whatever it's going down, not initiated by Gox. Gox you're slipping!
466.
Post 4001531 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
"180 in 7 business days"
i'm agan be rich!!!
wait a min.....
180 is lower then 800
Just add a zero. Ffs, it's not rocket science!
467.
Post 4001588 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
$180/mBTC
Risto! Is that your Dr Jekyll account?
468.
Post 4001619 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
no one has a clue where price will be tomrrow, we just wana lol.
The day after tomorrow however ....
469.
Post 4001946 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
Guy's I don't want to go to sleep, but it's way past my bed time.
What should I do?
Go to sleep.
there a good chance you can wake up to lower/higher/similar prices, how can you not sleep, this is a dream come true!
FYP
470.
Post 4009892 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
You know that those countries are part of Europe do you ?
4 United Kingdom 540
6 Germany 381
8 France 352
9 Netherlands 295
13 Sweden 172
14 Poland 127
15 Spain 107
Total : 1974... (and I did not dig below)
Russia is in Europe too (both geographically and culturally). Just not in the EU. Which places Europe above China.
Only the very west (including Moscow). The rest is Asian.
471.
Post 4015772 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.40h):
its silly that people are comparing this to 2011
Indeed but then again they probably weren't here.
472.
Post 4023109 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.41h):
Holding
473.
Post 4024423 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
Ah nice. My resistance for "losing" money (on paper) has been improved again. I flinched a little is morning so a good experience. Next time I won' flinch for this amount either
474.
Post 4025138 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
475.
Post 4025495 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
So, super-exponential again in February?
476.
Post 4025588 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
For some, it's not entirely stupid to hold BTC if you realize you're not smart enough to time the market. I realized it for myself months ago.
Indeed. How many percentage points does Bitcoin rise a year? That's enough for me
477.
Post 4026425 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
... and you should've bought bitcoins at $0.05 each after levering long on gold bullion in 2008
That is pretty much what i did. But not at the .05 i was later than that.
Also going long on 7:1 on bitcoinica from 3.5 to 6 was fun.
Lol Super expensive leverage at the trustworthy people of Bitcoinica
Zhou Thong!
I hope you didn't do that with anything more than token money, otherwise this is the first truly stupid trade you made I know off
478.
Post 4026468 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.
There are some rational bears, but they are a minority and rpietila is not one of them.
Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.
From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.
Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.
I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.
How did you use $21k in cash to buy Bitcoins? Glad to hear you weren't mugged
479.
Post 4026856 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
Anyone else getting the 'Told You So!' 'treatment' in work today?
Bitcoins 50% decline on front page of BBC. Can't even be bothered to answer most of them now.....just confirms my thoughts that we are all still early adopters and any price is a good price at the moment.
Just laugh, tell them been there done that
You couldn't take that loss? Ah poor you!
Let's talk in a year
Oh, and maybe better to not tell your colleagues, but a little late for that. now
480.
Post 4026876 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
fucking pissed off
can't tarde, wife took the second factor auth device when she left......
fucking fuck fuck
i'm leaving her tomorrow!~
\
You should thank your wife, she seems smarter than you
481.
Post 4027102 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
China:
482.
Post 4027166 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
China:
It does but this could take a while to sort out, the exchanges are more than just a weakness now. Watch what happens next if you don't believe me.
Good things come to those who wait
483.
Post 4027437 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
I have a good feeling about this bounce
How and why? Just like people have a good feeling about the next spin of the Roulette?
484.
Post 4027475 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
I have a good feeling about this bounce
How and why? Just like people have a good feeling about the next spin of the Roulette?
Roulette is pure luck
So is this.
485.
Post 4027881 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
The title sounds like he has an account on this forum
486.
Post 4028291 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
epic bull trap forming?
Or bull trap closing? Who the hell knows anymore?
487.
Post 4028330 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
epic bull trap forming?
Or bull trap closing? Who the hell knows anymore?
lol, yeah. exactly
*I meant bear trap of course.
488.
Post 4028381 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
yeah there was quite a wall too.
489.
Post 4028503 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
I am totally lost, everything single bone in my body is telling me to skip this day...
You have good intuition nmy friend
490.
Post 4029561 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
Haha, I will go down with ship.
In the nigh impossible event that this happens: Yes, yes I will
491.
Post 4029658 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
This should not be in breaking news but in OpEd. Shame on you NYTimes.
http://dealbook.nytimes.com/2013/12/18/bitcoin-mania-heads-into-the-endgame/"Bitcoin enthusiasts may say the authorities are acting because they feared the growth of a currency free of the power of an oppressive state. Hardly. They saw a smuggler’s paradise – a means of exchange for illegal deals and a tool for dodging capital controls." Discuss
There's nothing to discuss. Many retarded people take their turn in the limelight. They act superior now an when they are proven wrong they'll pretend they never said it.
If you're a contrarian you get used to this *yawn*
492.
Post 4029721 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
I've never seen one of those be accurate with Bitcoin.
Smart people trade on TA successfully. Stupid people think that TA is useless.
It's difficult to be 100% wrong but you have achieved this impressive feat! Congratulations!
493.
Post 4033013 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
I can hardly wait till it's back below $200 so I can start buying again.
They say I'm a dreamer
494.
Post 4034202 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.42h):
The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.
EDIT: Bitstamp
You are usually right. I would love for you to be wrong on this one though. Just tell me when we are going to $10,000 Rpietila!
$300k!
495.
Post 4040542 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
On a side note , i'm noticing LTC is now stagnating around 17-18 despite current rally.
Charlie Lee,founder of ltc whose brother Bobby Lee is owner of btcchina; My guess: he is slowly dumping his ltc cause its likely worse than it seems in china..
LTC is hopeless. If China was responsible for 50% of the Bitcoin rally, than it was responsible for 90% of the Litecoin rally
If it had stayed at a constant rate to BTC it would have been okay. I sold my (only 10) Litecoins at 0.049 BTC at the end of November.
496.
Post 4040899 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Bounce target is 550-600 Euro. With an overshoot that could reach 10% more.
We have not seen the bottom yet.
btw. I allready bought back, very close to the bottom (@ 350 Euro). But I'll take profits the whole ride. Thanks weak hands.
how can you be so sure?
Indeed. But if he's right we'll bounce to $800-$900 and then crash further down then we've been. Is that the last section of the roller-coaster?
497.
Post 4040984 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
There is no end to the bitcoin rollercoaster.
But you need to emotionally detach yourself from the coins.
Don't trade with emotions or you'll lose more than you gain.
So not truth... I love my coins!
So don't trade
498.
Post 4041047 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
There is no end to the bitcoin rollercoaster.
But you need to emotionally detach yourself from the coins.
Don't trade with emotions or you'll lose more than you gain.
So not truth... I love my coins!
So don't trade
duh? see his sig
Trade if you must, trade if it's a obvious win and love your coins!
So for bills and no-risk arbitrage only
499.
Post 4045901 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
this, and this was for sure a contributing factor to the crash.
Come on. Isn't the market cap and liquidity high enough to absorb a few hundred k being thrown around nowadays?
500.
Post 4049803 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
The big question is: Is Loaded the Winkledouches?
I'd bet for "no", they seem to have different styles.... But I won't bet too much.
Only one way to find out:
Yo, loaded! Nice try to freeload on Zuckerberg. When exactly did that seem like a good idea?
(see, if he gets defensive, he's a Winklevoss. I'm *great* at psychology, I tell you.)Well it was a good idea. I wish I managed to do that
501.
Post 4056612 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
rpietila predicting that we will go to 500 and somehow some big asks showed up at bistamp.
must be magic.
dont be stupid. |
While I respect the overall viewpoints of Risto, his analyses and his long term predictions, I believe his short term price predictions are completely meaningless and should be completely ignored
(no offense and nothing personal Risto
)
502.
Post 4056755 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
Would a 20k buy bring the price to $1500?
depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100
20k spread across all markets is what you should be looking at.
503.
Post 4056857 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
Would a 20k buy bring the price to $1500?
depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100
20k spread across all markets is what you should be looking at.
if you want to bring the price up where would you buy ?
I would buy at gox, because trying to bring the price over 1300 at bitstamp will be somehow a failure, and I mean doing that by running a market order.... even if you would put some buying walls t prevent the price from droping people will simply eat the walls how ? most people will see the chance of getting their cash out of gox by selling their coins at stamp and your try will be worthless......
so I think you do not need to spread the cash, all you need is to push the price at gox and the market will follow (except china for now ...)
If you buy you don't want to bring the price up! You want the price to stay the same as much as possible to avoid slippage. People that buy to bring the price up or sell to bring the price down in an attempt to influence the market are fucking retarded.
504.
Post 4056912 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
Would a 20k buy bring the price to $1500?
depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100
20k spread across all markets is what you should be looking at.
if you want to bring the price up where would you buy ?
I would buy at gox, because trying to bring the price over 1300 at bitstamp will be somehow a failure, and I mean doing that by running a market order.... even if you would put some buying walls t prevent the price from droping people will simply eat the walls how ? most people will see the chance of getting their cash out of gox by selling their coins at stamp and your try will be worthless......
so I think you do not need to spread the cash, all you need is to push the price at gox and the market will follow (except china for now ...)
If you buy you don't want to bring the price up! You want the price to stay the same as much as possible to avoid slippage. People that buy to bring the price up or sell to bring the price down in an attempt to influence the market are fucking retarded.
If done right it could bring the panic or the exuberance to critical mass, making it accelerate on its own. I'm sure it's happened and some people have made a killing this way.
Some probably have. As is true with any trading strategy, no matter how retarded. Overall these "strategies" are not profitable however. But do what you must
505.
Post 4057420 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
So much butthurt people and hate for Rpietila.... I guess many are regretting not having listened his latest call.
Yes, he is arrogant but guess what?
When someone's arrogant, it's not nice and we just ignore him.
But when someone's arrogant AND right, oh man... that sure brings out the worst in some around here.... too much jealousy...
He predicted $300,000 per Bitcoin in December back in March/April and before his latest call he switched between bull and bear a few times before his final call. He's just guessing like anyone else
506.
Post 4057434 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Shorting looks reasonable, price seems to be struggling to get up. But on the other hand, there is a risk of being owned by a sudden rally to 800's which pretty possible also.
Isn't that how bitcoin always is? It could go down, it could go up, right now it's the same. :-)
And shorting something such as Bitcoin is asking to be wiped out.
507.
Post 4057906 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Even seemingly intelligent people outside of the Bitoin forums seem to believe Dogecoin "has made it". People continue to disappoint me with their retardedness
Let's wait until they find out about JunkCoin. Do any of you think people will fall for it I launch a "PremineAndPumpAndDumpCoin" (P&P&DC)? I'll be rich!
508.
Post 4058041 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
509.
Post 4058124 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
If you want to promote Bitcoin you have to make sure you wont piss-off the feds you know.... just saying
Right now he's still pissing
me off. I'm at 8 minutes and still want to turn it off so bad. I really hope it gets better
510.
Post 4058221 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.43h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
Yes im at 16 min. and it gets better
I like his opinion on fungibility.
Edit:
Haha @ "Fuck off, Bitcoin works fine!" he just scored points. And now disrupting nation states. He should just skip the first 15 minutes of his talk.
511.
Post 4058329 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
Yes im at 16 min. and it gets better
I like his opinion on fungibility.
Edit:
Haha @ "Fuck off, Bitcoin works fine!" he just scored points. And now disrupting nation states. He should just skip the first 15 minutes of his talk.
Oh it's done @ 23:30. I loved the final few minutes. I don't understand what all the rest was about, it sounds like they replaced the speaker in the end. The first 15 minutes is just politically correct, untrue bull shit.
Bitcoin is WAY better than any fiat currency. Hell, Litecoin is better than any fiat currency, hell any PM is better than any fiat currency. Fiat currencies SUCK. Saying USD is better than Bitcoin makes me nauseous
and I wouldn't be able to say it out loud without making a face.
512.
Post 4058357 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
I specially like the concept of "separation of money and state".
If you think about it for just one second, it's just like in the past and ultimately unavoidable. Some time ago we did the separation of the church and state, even though for a long period of time that was something unimaginable. Now's the time for money...
"Instead of trying to change governments with a useless vote, or pathetic pleading, we merely abandon the government's powerbase - the power derived from control of exchange and currency." - Erik voorhees April 2012
513.
Post 4058435 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
Yes im at 16 min. and it gets better
I like his opinion on fungibility.
Edit:
Haha @ "Fuck off, Bitcoin works fine!" he just scored points. And now disrupting nation states. He should just skip the first 15 minutes of his talk.
Oh it's done @ 23:30. I loved the final few minutes. I don't understand what all the rest was about, it sounds like they replaced the speaker in the end. The first 15 minutes is just politically correct, untrue bull shit.
Bitcoin is WAY better than any fiat currency. Hell, Litecoin is better than any fiat currency, hell any PM is better than any fiat currency. Fiat currencies SUCK. Saying USD is better than Bitcoin makes me nauseous
and I wouldn't be able to say it out loud without making a face.
I was thinking the same, but I remembered my co-workers who are BTW all IT engineers and how hard was it to explain the concept of Bitcoin to them and even when I did they still think that Bitcoin is a scam or monopoly money, his method can be a great approach to people like my co-workers....but it is too late I am out of energy and I give up, it is their lost anyways
Also his answer to the second to last question proves he doesn't believe in the long term value of Bitcoin. He thinks ~6 crypto's will end up sharing the market and Bitcoin not being one of them. Wow, I see this as a possibility but certainly not the most likely.
514.
Post 4058475 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
I specially like the concept of "separation of money and state".
If you think about it for just one second, it's just like in the past and ultimately unavoidable. Some time ago we did the separation of the church and state, even though for a long period of time that was something unimaginable. Now's the time for money...
"Instead of trying to change governments with a useless vote, or pathetic pleading, we merely abandon the government's powerbase - the power derived from control of exchange and currency." - Erik voorhees April 2012
Yeah, evorhees was here too. Later that day Andreas interviewed Vorhees.
Now I'm gonna fall to new lows, and give you guys shitty gossip:
Erik brought a supermodel superhot girlfriend to the full packed 800 male 20 female conference.
Haven't you heard about his new site? Escorts4Bitcoin.com
515.
Post 4058550 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
the definition of short term varies from a person to another, when we talk about the short term future of bitcoin we usually mean 5-10 years (on the speculation board means 1-2 weeks
) but I "think" in order for bitcoin to continue to mainstream and "survive" there are a lot of things has to be addressed short term ( we are still on the 5-10 years) like the block size limit, transaction fees, the selfish miner issue,regulation.....
the point is that if these issues wont be addressed there will be another alt (not a single from the existing ones) created that solves all existing issues and this is my biggest fear
Why? Bitcoin will simply assimilate it. Bitcoin is like the Borg
516.
Post 4058750 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Erik brought a supermodel superhot girlfriend to the full packed 800 male 20 female conference.
Pics or didn't happen...
I was at the conference thinking you trolls would demand to see evidence, so I took some.
But now I feel like the worst vermin in the planet (paparazzi), so I'm not posting. Let private affairs be private..
Hahaif you took the pics and are not sharing them that might not make you a paparazzi but a pervert instead
517.
Post 4058863 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Erik brought a supermodel superhot girlfriend to the full packed 800 male 20 female conference.
Pics or didn't happen...
I was at the conference thinking you trolls would demand to see evidence, so I took some.
But now I feel like the worst vermin in the planet (paparazzi), so I'm not posting. Let private affairs be private..
Hahaif you took the pics and are not sharing them that might not make you a paparazzi but a pervert instead
*
checks behind shoulders*
Lol, you got me !
*
runs for cover*
I agree with making a pool, because we are a descentralized community and this issue needs to be solved asap.
A pool? To swim in with Voorhees' escort?
518.
Post 4059229 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
GREAT speech. Antreas is the MAN!
good stuff Andreas Antonopoulos, always has some good ideas.
Bitcoin >
Goat Shit > Fiat
Wow, for real!? I happen to have truckloads of goat shit lying around. So all I need to do is exchange that into truckloads of fiat and get loads of bitcoins??
Apparently you're supposed to burn the the shit. And you get money because it "burn long time" [sic]
519.
Post 4059350 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
I will mine that pump and dump!
520.
Post 4060325 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Last chance to buy back in...
Where is that train rocket picture?
If I had sold, I would wait until at least Sunday morning. Or start averaging now for the next 4-5 days.
Start averaging.
521.
Post 4060895 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Sudden dump, i wonder if it will break the 710-705 level
Goat?
522.
Post 4061154 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Sudden dump, i wonder if it will break the 710-705 level
A 1000XBT wall near 4000CNY is just pulled. Pump and dump
I really hate the XBT nomenclature.. Where did it come from?
I think it's retarded too. Just ignore ISO and use BTC. Standardizing currency denominators based on issuing country is going out the window anyway.
523.
Post 4061229 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Sudden dump, i wonder if it will break the 710-705 level
A 1000XBT wall near 4000CNY is just pulled. Pump and dump
I really hate the XBT nomenclature.. Where did it come from?
I think it's retarded too. Just ignore ISO and use BTC.
Standardizing currency denominators based on issuing country is going out the window anyway.Even I consider myself as very bullish on the future of bitcoin, I still think this is delusional
Anyway, I have no objection in using BTC, just like RMB=CNY, WON=KRW, YEN=JPY
And the "most bullish" award goes to .....
524.
Post 4064315 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Hodlor.
One does not simply walk ..... Oh wait ...
525.
Post 4065326 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
I've had three friends pull their money out and walk away from bit coin over the past few days.
Well done market makers / manipulators!
Really? They didn't know going in that this happens? I am very careful to explain the risks and how these things work to my friends. Not one is less interested now than they were, which is to say most are quite sorry they didn't buy when I told them they should
Did your friends lose money?
He lost about 3-4K $... oh well
There was a lady who bought at $1000 posting on this forum who had to take out a loan on their house to buy her first BTC. Kept talking about her dad investing 3000 BTC and trying to convince her to make her first buy. I wonder what happened to her.
I'm still here
. Still reading... Still 'hodling'. I paid $1080 for each of my 11.1 bitcoins and have not sold - I rationalise this like so: bitcoin is only worth as much as someone is willing to pay for it right? And I refuse to sell them for less, which means they are still worth at least $1080 . Ergo, I have lost no money
. How's that for a comforting delusion?
That's no delusion, it's the truth.
526.
Post 4066712 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Doubt he's a bear with those horns
Beelzebub always buys low.
527.
Post 4066973 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
i just had to make a meme
Hahaha, nice one
528.
Post 4072542 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction
So you saved $0.06 and lost hundreds or thousands?
software didnt offer the option to pay fee, he said
Both QT and Armory do. Not sure about others but it probably just wasn't necessary according to the rules. It's always possible to manually set a fee in the settings.
529.
Post 4072809 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.44h):
Why are people still selling?
Look at that tidal wave of bid orders + triple bottom!
Am I missing something?
Rpietila said he was selling. Stop asking questions!
Didn't he say he bought back and is thinking of holding?
(not that it matters)
530.
Post 4080985 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Yes, This is goat.
yup that is a younger me, back when i was a "kid"
ahahahha
This is your original leveraged gold purchase going through right?
531.
Post 4086643 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
No, it started to feel that it would go up, even 800 possibly. I have lots of coin to sell if it reaches 750-800 level. Remembering that the long term trend is only about 450, it is quite easy money to sell now provided that you have the balls to wait for the buyback which you cannot guarantee when it will happen (AND of course there is a 10-20% chance that it will never happen).
And that 10-20% (which I estimate more conservatively) is THE reason why selling is bad. The upside is so much more attractive than the relatively small gain of trading in and out.
532.
Post 4092563 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
I always like to see what you have to say and I am pretty impressed by your call on the last dip and bounce. What is your take on the bear chart on the other thread in regards to coin days lost?
I think the most obvious reason why somebody would like to move ancient coins is in order to sell them.
What about moving them into cold wallets? Doing general bookkeeping (dividing the coins into smaller denominated inputs to reflect to rise in purchasing power)?
533.
Post 4095428 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
So you just explained how we can speed up the process
534.
Post 4107105 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
So banks are not safe, what else is new?
Bitcoin is not safe (not 100%)
It's easier to steal bitcoins than fiat money in a bank account technically.
Bitcoin wallets only have 1 factor authentification (password), a few are even unecrypted. All it needs is a keylogger and the average joe will lose all his bitcoin holdings.
Nerds store them complete offline, but that doesn't help joe. He just don't have the skills to do it (or knows it's necessary).
Bitcoin wallets clearly need 2 factor authentification. Online wallets don't count, they are not safe!
Fiat money is trivial to steal.
Bitcoin at least can be secured (and retards won't but that's your own responsibility).
535.
Post 4107368 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
536.
Post 4108594 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Dear Satan, please give us a CHOO CHOO.
Kedeng kedeng! (Dutch for CHOO CHOO). It even has a song!
http://www.youtube.com/watch?v=XpbTI4zN1FY
537.
Post 4108656 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Dan vind ik "Het is een nacht" wat gezelliger.
Bt that has nothing to do with CHOO CHOO. I'm not a Guus Meeuwis fan anyway, but I presume non-Dutch speakers can appreciate this because the song's so retarded
538.
Post 4109115 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Dan vind ik "Het is een nacht" wat gezelliger.
Bt that has nothing to do with CHOO CHOO. I'm not a Guus Meeuwis fan anyway, but I presume non-Dutch speakers can appreciate this because the song's so retarded
This version of his most popular song is better btw
http://www.youtube.com/watch?v=UiUuVFUbMQM
539.
Post 4109963 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Hey Chaang Noi,
I'm guessing from your screen name and the wedding attire your girl has on she is from Thailand?
I lost my dog and need a detective. Are you for hire?
Doghouse?
540.
Post 4110895 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Is it normally this quiet around Xmas time?
"Historically", January (especially the first half) is a much better month than December. The final stretch of December is usually flat.
541.
Post 4111090 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
I hope all these "we will see a slow downtrend" predictions are a little more sophisticated and dont just come from looking at the last April bubble.
If you try to put the April crash on this one it shows $500 now is approximately equivalent to $100 then. Then it hovered around $100 for a few months and then shot up. Fitting these things on each other probably doesn't mean much and I'm not acting on it. But even if this were true $700 is only 40% above it. That's like buying at $140 this summer. What a gigantic mistake that proved to be.
I think whatever comes next will probably be surprising and unpredictable and I know a lot of people will claim they predicted it anyway.
542.
Post 4111520 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Mmmmm... I was thinking on $100k?
$10k-$100k
Were way above the exponential trend too.
We are, but remember there is no law stating we need to stick to the exponential trend. Many exponential trends exists that are steeper so we wouldn't need to have gone super-exponential even.
543.
Post 4111558 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
Investor is just a nicer name for a speculator. Whats the real difference, both are in it to make as much money as possible?
An investor is someone that buys some asset because the current price is sufficiently lower than the value.
A speculator buys things (anything) because he believes there is sufficient chance he can sell it to someone else for more. Value is not a factor at all.
544.
Post 4112454 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.45h):
have to say that hodl thing cracks me up still. I know I should be bored/over it but i'm not.
Also love the phrase "day tarding"
For the longest time!
545.
Post 4119623 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Anyone else in the UK? Weather here about to blow my house over.
Quite windy in Hamburg, too. You should enjoy some sunshine tomorrow:
So now we're talking about the weather in here. Must be boring.
The weather in Hamburg is clearly a trailing indicator of BTC price, sort of like google search hits
GO Global warming!
546.
Post 4122364 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
this is something new, although i called DURS Kranj sometime ago (when the price was at 100 and I wanted cash some of my profits) and the lady already knew about bitcoin, in fact when I told her that the price was around 100 she was really surprised she told me that she remember when it was $1 and she asked me why the price went up.
long story short at the time she said there is no regulation around Bitcoin from Slovene government and she told me if I cash out I wont pay any taxes I just have to prove the source of my funds, then I asked her what if I did mine some of my bitcoins she asked me what was mining and I explained to her how the bitcoins are generated so she replied with a very interesting answer.
this was the answer:
a- "so miners are doing an effort and they get Bitcoins as compensation for their work, which they can sell for cash to cover their bills and take some profit" this from a legal point of view is undeclared work wich is illegal and the miners have to pay a fine for it and pay taxes for the income.
b- you invest some cash into Bitcoin (buy) than you daily trade or simple hold and after sometime you make a profit that you would like to cash out in this case you do not have to pay taxes because in a similar case when buying Dollars with euros or euros with Yuan or gold for Euros .... if the price of dollars against Euros goes up and you decide to convert back to euros you do not have to pay taxes for the profit you made.
c- if you are a merchant accepting bitcoin as a payment method, you will be taxed the same way as you do with fiat, the taxes would be based on bitcoin price at the time of the deal/service.
Slovenia for the first time have a clear statement about bitcoin, this is a real open minded statement from the government and I understand it as an endorsement and I think it helps the bitcoin economy.
Another country to my options list. Slovenia is beautiful too, I have been there a couple of time
547.
Post 4123896 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Everyone says 'to the Moon', but surely, since in 2009 you could buy BTC for just a few cents each, then in 2013 they were $1200, surely we have been to the Moon, and are now safely back in a parking orbit of the Earth, preparing the ISS Bitcoin for our next journey - a mission to Mars?
Yes I personally think we have already ventured out beyond Pluto.
What then? Alpha Proxima? Alpha Centauri?
548.
Post 4124359 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Anyone else in the UK? Weather here about to blow my house over.
Ice here...
If you dont already know lambos suck on ice...
Gdo is laffing at yu
is gyft down?
yeah... i got it stuck, had to go buy salt and took me about 2 hours to get it back in the garage....
now my jeep went around it off road on the ice and did so like nothing was a matter at all... so far i like my jeep a lot better but the lambo is better looking
OMFG, salt + lambo... might as well just burn a da vinci
Sorry out of wood, and it was getting chilly ...
549.
Post 4125154 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Just went 100% fiat - had to, no way I can keep tabs on this over a family Xmas. Gutted
Don't let it crash / choo choo while I'm away please
Merry Christmas and a Happy New Year to all!
Why the hell do you need to keep tabs on it? Have you researched what it is? Then you should understand the fundamentals are sound and it doesn't matter whether you're here control+f5'ing or not.
Being out of Bitcoin (at any time) is very very dangerous.
550.
Post 4125239 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
bitcoin will turn a hipster thing and many companies will want to look cool and modern.
Yeah I already notice the first signs of this. People who have no freaking clue what the hell they're talking about suddenly act like they thinks it's the coolest thing. Very different mentality as before.
This will probably end in tears for quite a few of these people but well doesn't anything? These are the same people that bought gold at the peak and are now selling.
551.
Post 4126293 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
this is by far the slowest bitcoin crash in recorded history
Animated gifs don't work?
http://i.imgur.com/Q2aMI.gif
552.
Post 4127298 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
I feel we are above where we need to be for all those charts with lines that bears were posting to be accurate.
Easiest explanation: the charts are wrong
553.
Post 4127759 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
554.
Post 4130111 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Thats basically India just saying that if you jump on the bandwagon you have to accept the risks that come along with it.
It's strange to see that all these governments are caring so much for their population as to warn them of the risk of some specific investment/gamble.
They didn't warn of the dotcom bubble and they sure don't warn about putting money into real estate or stock, do they?
In general, if you're dumb enough to look to your government for advice on these matters it's probably best you follow it. And for the rest of us it doesn't do any harm (in fact I find it a little amusing).
555.
Post 4130305 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Thats basically India just saying that if you jump on the bandwagon you have to accept the risks that come along with it.
It's strange to see that all these governments are caring so much for their population as to warn them of the risk of some specific investment/gamble.
They didn't warn of the dotcom bubble and they sure don't warn about putting money into real estate or stock, do they?
In general, if you're dumb enough to look to your government for advice on these matters it's probably best you follow it. And for the rest of us it doesn't do any harm (in fact I find it a little amusing).
People are dumb and it sure does affect on our lives too, I don't feel so good to see people to destroy their lives by trusting their loving government, you have responsibility to help them
for your own good off course (at the end).
And, I'm dumb too in many things and it would be nice to get help in these matters.
I was saying that, in general, for people that are dumb enough to listen to their government, the government's advice is usually pretty good. At least better than the things they come up with themselves. The government will likely only give conservative advice.
556.
Post 4136249 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
so how come that LTC went up today ? any news or just a pump ?
LTC is way down, like 0.028 BTC right now. I sold for 0.048 BTC a few weeks ago. I would mind buying some at this price.
557.
Post 4138243 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
558.
Post 4143697 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Soooo... how do you feel about this being led by china?
Follow the leader leader leader follow the leader?
559.
Post 4143729 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
I don't know why people are still talking about China. Look at btcchina's volume the past days and compare it to their previous volumes. And that is before the market is completely cut off from the banking and payment providers end of Feb.
I would disregard all the other exchanges as they are likely to be manufacturing their data, same as OKCoin. Do you really believe there is 60k 24h volume on some Huobi site when there is 15k in btcchina, MtGox and Bitstamp all added together?
China is dead. It will probably stay dead. US and Europe remain leaders in Bitcoin.
I don't believe this. People are resourceful and stubborn. Banning something will make it come back stronger.
560.
Post 4144389 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
You're preaching to the choir. I've always been wary of any Chinese data. To be honest, this should be applied to any Bitcoin exchange. I don't think any of them are audited.
molecular, before laughing in your hubris, I would dwell on what she really means rather than technically. There's no real need for p2p if there are central companies who will deliver a good/convenient experience at acceptable prices. Think Steam and Netflix. Who's to say banks couldn't get their shit together if they wanted to?
My bank can't even electronically pay bills on the same day. They print out a check and put it in the mail. And let's not forget that US banks are still using the magnetic strip when chip and pin is out there and better (though the banks managed to fuck that up too).
You're making my point here. It would be pretty easy for them to step up their game once they get competition. Banks are like record labels in that way.
Dinosaurs will die:
http://www.youtube.com/watch?v=_Ahc-oEFQ7kDinosaurs can't adapt. It's in their faith to die as the world changes around them.
561.
Post 4149969 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
I need a better car than my wife!!!!!
Don't call your wife a ride?
562.
Post 4149992 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
(hodling is nothing).
Holding isn't nothing. It's the only thing!
563.
Post 4150025 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
(hodling is nothing).
Holding isn't nothing. It's the only thing!
Yeah.. Hoarding and creating a supply shortage is very good. It really helps in the long term. NOT!
So I should sell for less than I think it's worth? Not happening
564.
Post 4150088 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
(hodling is nothing).
Holding isn't nothing. It's the only thing!
Yeah.. Hoarding and creating a supply shortage is very good. It really helps in the long term. NOT!
if you think that hoarding is bad, then I think you should give away not only all crypto but all fiat money too. maybe then you will get what you don't get so far.
and cars, arts, house, maybe even the missus
Anyway, will Stamp go through 720?
565.
Post 4150460 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Anyway, will Stamp go through 720?
it just did
No yet ...
566.
Post 4150692 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
@ mizar:
I probably have a few factors more invested in crypto than you. If you hold more than 100 btc or similar value in any other altcurrency, I won't say anything. But you probably are one of the pigs with 0.05 bitcoin.
LOL, you're wrong. I'm not going to say how much BTC I have as I'm not here to brag about it, but it's enough that you can STFU now. This hoarding = bad whinging is just getting very tiring and annoying. You're probably just someone who sold a lot of coins and then saw the price running away from you so you started crying on these forums how hoarding is so bad and that it will destroy teh bitcoin.
Indeed, Mirsad doesn't understand anything. But this argument has been made to many times already to waste our breath again on someone acting so smug while he couldn't be more wrong.
567.
Post 4151772 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
we need to activily use it to make it accepted.
A common and widely believe fallacy. You don't NEED to do anything. Although certain actions can be catalytic they aren't necessary at all.
568.
Post 4151866 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
...
Only hodling doesn't help.
...
Agreed 100%
It doesn't help and it doesn't hurt. Fact is that Bitcoin doesn't really need help. People will use it because it's in their best interest.
Greed is good
569.
Post 4153025 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
China's back. Back again.
570.
Post 4154835 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Choo choo?
Indeed.
Kedekedeng!
571.
Post 4155017 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Stamp is being overtaken by BTC-e and China?
572.
Post 4155824 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
Oh my god? U serious? Ask depth fallen off a cliff.
coins have been bought, so off the book they are.
You sound like yoda. So off the book they are, yes.
Hodl now do!
573.
Post 4156218 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.46h):
from bitstamp maybe
Indeed. I use Stamp as my price indicator.
574.
Post 4157218 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
sure, if the price will be $5000 I might consider selling like 0.1%
Hehe, I was thinking more of extremely low prices.. when the PBOC shows its true colors many will panic sell again.
PBOC?
Yes, Bitcoiners' worst nightmare:
http://en.wikipedia.org/wiki/People's_Bank_of_ChinaFuck no. Bitcoin's first legitimate fight.
lol no
575.
Post 4157276 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
Fuck no. Bitcoin's first legitimate fight.
lol no
Did I miss the first legitimate fight? I don't have cable.
This seriously isn't a legitimate fight. You're taking these clowns far too seriously
576.
Post 4157365 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
This seriously isn't a legitimate fight. You're taking these clowns far too seriously
This institution has the power to drop bitcoin's price by +50% through releasing a simple statement. Who are the clowns?
Goat has the power to drop the price by 50% by farting loudly. Seriously, affecting the price doesn't mean they have any influence on the thing that truly matters: value. Whether they ban ir or not or semi-ban it. It will have zero effect.
577.
Post 4157901 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
This is more like the Bitcoin I know and love. The lack of volatility over Xmas was disturbing. Cmon we need a 50% price drop now just to keep everyone on their toes.
The first time I've seen volatility around Christmas with Bitcoin. Ever.
578.
Post 4158168 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.
Does making an account to see what all the fuss was about count? I never bought anything.
Did you ever use GLBSE (command line)? I did
579.
Post 4166494 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
It's not a bubble. The "crashes" are the train stopping and refilling
.
Let's start using growth spurt, it's more accurate then "bubble".
580.
Post 4166790 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
So let me get this straight the raided because some Rs20-30 rupees where traded. One bitcoin currently costs Rs 46600
This made me lol very hard:
No country has legalised Bitcoin as of now because of its opaque nature Haha what? I'm laughing out loud here
581.
Post 4169558 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
Bitcoin is infectious. Once you "catch it" it tends to infect those near you. You become a carrier. I don't think China is cured of bitcoin, it is spreading there, person to person.
nice analog, there's no cure
(love song
)
582.
Post 4169783 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
There are, however, some people immune to bitcoin and those are too arrogant, busy(LOL) or simply too lazy to learn about it, and I dont care that they are missing the boat.
Or too dumb, like me. I tried to get in about 125 (such expensive) but Coinbase never sent my two little deposits for bank verification. I took it as a sign - "stay out". Just as well. I would have washed my paper wallet in the laundry, or forgot my password, or left the BTC on some shady exchange.
People as dumb as me need personal hodlers like fat people need personal trainers.
First BTC reality TV show coming - "Biggest Hodler".
Recognizing the problem is the first step towards solving it. If you put in work and passion I doubt many people are too stupid for anything. Most people are just too lazy or lack confidence.
583.
Post 4170172 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
Btc-e with 1400 btc and 40k ltc sell wall. Someone wants fiat...
Good news! Maybe he can contact Adam directly!
584.
Post 4170395 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
Someone quietly but consistently dumping a whole lot of coins on gox.
But the price barely moves ...
585.
Post 4172223 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
You think China is anywhere near over, this will hang over us until end of Jan when the deadline for them getting their funds off exchanges hits.
Getting cash of an exchange is easy. Buy coins and withdraw them to a cold wallet.
586.
Post 4185214 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
The official December update is coming at the end of December. My current trendline which is calculated from daily prices until 15.12.2013, shows that we are at $469 now. We have not yet had any daily breaches of the trendline since the latest bubblepop.
Many have wondered, whether the trendline approach was able to cope with the extreme price movements of the 2011 bubble. It is true that during the move up, it was not possible to deduce anything from the trendline, which had just started to form. But during the move down, it called the bottom with almost deadly precision: the trendline was crossed down in 7.10.2011 (note: 4 months after the top) when the price was $4.29. The buy-level, which is -0.2 log units below the trend, was reached 17.10.2011 at $2.85. On a daily level, the bottom was reached 2 days after, at $2.28. At that point we were -0.341 units below the trend.
In 2013 April bubble, the final capitulation played out as follows: trendline was crossed in 3.6.2013 at $119, buy-level of -0.2 was reached in 1.7.2013 at $90, bottom was in 6.7.2013 at $69 at -0.341.
I am sure that -0.341 as the daily average of the most opportune day to buy, months after the bubble, is pure coincidence
Nevertheless, it gives confidence to those who do not decide to invest all after a runup, fearing to be left behind. If we expect the final capitulation to come on the red candles' day (14.2.2014), it is still possible to buy back in between $308-$427 if the previous bubbles are any guide.
This is to refute oda.krell who does not base his predictions of "trends" on anything, I at least try. Nobody has shown any proof on any trend other than this, except lines drawn on a whim. I don't understand much, but there is a great difference between founded and unfounded prediction.
It is very easy to buy at your desired level btw. It is called "limit order".
Yes you try (which is commendable), and you're likely to be right here >50% of the times as well
. Still, I think it's a bad decision because of the combination of the extreme growth rate of Bitcoin and the short term unpredictability of the market. What you need is to for the market to return to the trend line within in a certain time frame. This is also true if you're looking to buy a good growing company cheaply enough: the underlying valuation grows while you wait to buy and the price may stay above this point for a longer time than it takes the valuation of the company to match the original buy price you could have bought at!
Still I would not be advocating buying the stock above the fair value you calculated. Why am I doing this for Bitcoin then? (if we assume the trend line is a valid approach for modelling this). Well, nothing in the world grows so fast as Bitcoin. This causes 2 things. Firstly, the time until the underlying valuation will have reached today's price is relatively short. Meanwhile the market could easily go to $10,000 and stay there for 2 years (then again it could do the same with $100 as well). Secondly there are no alternatives. If you are unable to buy wonderful company A at the price you like, you just move on to wonderful company B. BRK has a long term yearly growth rate of >15% and that's amazing. This is however nothing in comparison with Bitcoin. The potential lost opportunity cost of not investing in Bitcoin today are just too big because of this.
;TLDR Not being in Bitcoin today is too risky.
587.
Post 4187469 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.47h):
you are what we call new money, people who are "so rich" should help some charities instead of acting smart and trashing people with "I have more you should listen to me" because this is just sick .
People "should" do, whatever the hell they please. No-one here needs classes in your morality.
588.
Post 4188538 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Yeah and they aren't very good with passwords. I was able to login using the plaintext lovegold password. Not much is possible without the 4 digit code but I was able to see the address they use for withdrawing:
http://block-explorer.com/address/LMG5GSZb1TX9kLHhiusxukx3LepndgSf3W
589.
Post 4188616 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
you are what we call new money, people who are "so rich" should help some charities instead of acting smart and trashing people with "I have more you should listen to me" because this is just sick .
People "should" do, whatever the hell they please. No-one here needs classes in your morality.
freedom right ? although some people want to kill,rape,steal..... you know just saying.....
Ok now back to the topic, I apologize once again, I will stick to the topic and ignore posts that hurts my eyes.... everyone have the right to express their point of view, but I am going off-topic because of some of the "smart" posts... it wont happen again
Freedom to me is doing whatever the hell you want as long as you do not hurt others, or at least do not hurt them without their consent.
This. I consider people who try to stand between me and my freedom "enemies".
590.
Post 4189037 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
I will go down with this ship.
No surrender!
http://www.youtube.com/watch?v=T_6B_QcDGGc
591.
Post 4189065 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Nice find !
I was kind of expecting more, but then again that's what? Like 15 days worth of mining right? Not bad..
Hmm... 10,000 tries and it's gone
2-factor auth is enabled by default so he'll have to confirm the change via a link in his email. There doesn't seem to be a way to change (or view) the current email address.
592.
Post 4189145 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Nice find !
I was kind of expecting more, but then again that's what? Like 15 days worth of mining right? Not bad..
Hmm... 10,000 tries and it's gone
2-factor auth is enabled by default so he'll have to confirm the change via a link in his email. There doesn't seem to be a way to change (or view) the current email address.
ahh... I'm not for for stealing but botnets really piss me off.
I didn't decide what I would have done yet but I checked what was possible yes. I would have moved the coins if it were possible. They pay out every 5 LTC per account so it wouldn't have been tons. Also appearently they voluntarily pay a 1% fee to wemineltc.com which seems odd for a botnet.
593.
Post 4189340 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
It doesn't matter how much you have of something, it only matters what you can do with it
That's what she said!
594.
Post 4189445 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
595.
Post 4189710 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
I'm going to have a whisky and then I'm off to bed. No use in watching this and getting nervous, when you're hodling anyway.
i gotz to hodl until we get to $5,000 or so... then i'm going to space
One small step for Goat!
596.
Post 4189997 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that
New lows in the next 2 weeks IMO and months before we see $1000 again
Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING
Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough'
There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges.
I'll repeat this. After January 31st Chinese can withdraw. Just not fiat. So, just like on MtGox: Buy BTC and withdraw those.
Now your homework exerice: Will this provide (short term) momentum up or down for Bitcoin prices?
597.
Post 4190157 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that
New lows in the next 2 weeks IMO and months before we see $1000 again
Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING
Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough'
There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges.
I'll repeat this. After January 31st Chinese can withdraw. Just not fiat. So, just like on MtGox: Buy BTC and withdraw those.
Now your homework exerice: Will this provide (short term) momentum up or down for Bitcoin prices?
Alot can happen in the BTC in one month.
Perhaps China will "change their minds" after some regulation comes into play.
If that does not happen, news of more large companies like Overstock.com accepting BTC will bump the price.
These are just a couple of things.
The January 31st deadline is something to think about but it is no guarantee that the price will drop.
Okay I'll give you the answer.
I was implying this would inflate prices
598.
Post 4195255 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Ah, now I'm starting to get it....part of the appeal of bitcoin is the complexity, just like the early microprocessor hobbyists.....(which I was one of).
I guess navigating wallet creation, protocols, security methods, etc. is the fun part for lots of folks on the forum, but if it's going to be widely accepted and used, access to the bitcoin system is going to have to be a "point and click" application just like paypal.
Fortunately, just like the micro revolution, I suspect businessmen will move in and make it usable for "the rest of us". It'll be much more boring for the bitcoin hobbyists, but lots better for the general populace.
It's really not that complex.
Still the things you're talking about are already happening. Just look at this example:
http://www.bitcointrezor.com/
599.
Post 4195806 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
I could be totally wrong but in the Bitcoin world no one that has held longer than 6 months has lost any value.
It goes to show how few you "hodlers" are actually familiar with Bitcoin's history. Not only is your perception of the future warped, but also the past.
Your statement is false, it would have to be altered to about 20 months. Remember June 2011?
I remember June 2011
I was hodling then, and I'm hodling now!
I only held a handful in June 2011. I'm glad the low prices lasted more than 6 months, otherwise I would not be where I am today (and I wish I would have been greedier).
600.
Post 4195823 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
I could be totally wrong but in the Bitcoin world no one that has held longer than 6 months has lost any value.
It goes to show how few you "hodlers" are actually familiar with Bitcoin's history. Not only is your perception of the future warped, but also the past.
Your statement is false, it would have to be altered to about 20 months. Remember June 2011?
Its pretty laughable that this argument is still being used. Let's see, the high in 2011 was $32. Would you buy for that price today? Exactly.
Scoreboard. End of discussion.
Yup, but it tool a lot more than 6 months. Don't lie to people when convincing them to buy (if you want to do that at all). They might sell after a 6 months downtrend (which should NEVER be ruled out) and blame you.
601.
Post 4195873 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
in the Bitcoin world no one that has held longer than 6 months 2 years has lost any value.
ftfy
But less impressive for something which has been around for 5 years and has had a market price for less. Don't pitch Bitcoin as a steady investment please. It's not.
602.
Post 4201418 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Meanwhile I feel I want to divulge some trading from Gox. This account was freshly activated in 13.12. and not used for arbitrage, so it reveals some of my actual trading skill:
SELL-1 13.-16.12. -379,997 342 097,075 900,26
BUY-1 17.-18.12. 554,946 -323 856,498 583,58 -0,351765657
SELL-2 19.-26.12. -972,091 713 878,256 734,37 0,258391254
These are the totals/averages. Given the conditions in the buyback phase BUY-1, I think 584 was a reasonable price, resulting in 50% increase of coins. I bought all the way down and my lowest bids were not hit (hence only 324k invested of the 342k sold). The SELL-2 is now a little underwater but I am prepared to sell more, in fact I did sell 200 at an average 815 a couple days ago.
How are the others doing (in the light of figures, not feelings
)?
Unchanged
603.
Post 4201955 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Nice, congrats!
So what I say is a Screen shot or GTFO...
ok..
I like Risto's better. All Bitcoin!
604.
Post 4202651 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Never seen it mentioned here, so just throwing this out, but what happens when the *kids* discover crypto? That's my take on doge - it might not be the one that does it, but if there aren't thousands of proto geeks mining doge at the moment I'd be amazed. All the things we love about bitcoin apply in the playground - it's going to be the next wave of adoption.
how much is the network hashrate of doge now anyways ?
26.6 GH/s
https://vircurex.com/
605.
Post 4202877 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
As if what Risto posted isn't equally credible as a screenshot. Both require a comparable amount of work to be faked properly.
Anyway, does it really matter? I'd prefer people listen to the argument rather than the arguer.
606.
Post 4203327 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Never seen it mentioned here, so just throwing this out, but what happens when the *kids* discover crypto? That's my take on doge - it might not be the one that does it, but if there aren't thousands of proto geeks mining doge at the moment I'd be amazed. All the things we love about bitcoin apply in the playground - it's going to be the next wave of adoption.
+1, they'd be more in touch with social trends too, the next meme, vid, etc. could turn into the next hot altcoin overnight. Its worth spending a bit of time on MMO's etc just to see the trading too, there's plenty of 12 year olds out there that would put the most wizened used car dealers to shame
Totally - trading - establishing your own value systems that are not under authority control is everything when you're 12. Don't know/care if it will help bitcoin in the short term, but the kids will build a foundation under our dreams, because they're not stupid.
I'd guess Bitcoin will be the backing behind that for a while too but if it takes off and evolves fast then Bitcoin could get left behind. Dogecoin's hash rate is a little suspicious, I'll have to read up on the hashing method but I thought it was more or less the same as hardware as litecoin. If so it's either become an internet phenomenon with a hell of a lot of new adopters or there's some big iron behind it, there was a lot of money spent on GPU's for mining and a large part of that went into litecoin so dogecoin having a higher hashrate doesn't make a whole lot of sense. I'll take a look at that one now.
Does anyone know whether merged mining of Scrypt coins has been developed?
607.
Post 4204045 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Do you guys think its possible that DOGE will reach $1?
$100000000000 USD market cap for DOGE?
ahahhahahahhahhahhahhahhhahHHAHASHAHAHhahahahHHAHAHAHAHAHhahahahHAHASHAHhahahha
haHhaHAHAHAHhahahhahahahHAHAHAHAHAHAH!!!!!
Sorry, I mean No.
Haha, and an apology wasn't even necessary
608.
Post 4208294 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
are you sure one guy dump on all exchanges everywhere ?
It started at GOX, few seconds later, the other exchanges followed.
its not one guy, it's never one guy, stop thinking its one guy.
two guys ?
and a girl!
609.
Post 4208695 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.
Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.
Jan+Feb are usually nice months
610.
Post 4209218 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.
you're the sorest loser I know
I know. Wasn't it yesterday that he posted that crash was imminent? I guess we should define "imminent" as "within the next few months probably. unless it doesn't crash and then you should buy."
lol
800
ah shit
I know, hey, Adam! We're both uberbulls but it looks like we sodled when we should have hodled!
You're gonna have a bad time!
611.
Post 4211026 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Wow. I have never been drunk and I can't even begin to do the math that some of you can do in a slightly drunken state. Impressive
Never? Wow ..
BitChicksHusband, get on that!
612.
Post 4211166 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
Wow. I have never been drunk and I can't even begin to do the math that some of you can do in a slightly drunken state. Impressive
Never? Wow ..
BitChicksHusband, get on that!
The math or the drinking? He is great at math! But he is not a drinker either.
Everyone should have been drunk at least once in their life.
I'm not drunk often btw (last time was a year ago) but I do like a drink now and then.
613.
Post 4211207 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
You composition actually makes the rate at which BTC increases dependent on the rate at which USD decreases. Was that what you had in mind?
The BTC exchange rate depends on two related but independent factors: it's inherent utility growth due to increased adoption, and the simultaneous degradation in the USD which it is referenced to.
I agree with Peter R.'s "rationalization" of a super exponential function above (I agree, even though I don't really *believe* in it), but I don't agree with what you're saying. if btc adoption growing exponentially towards infinity (f) and usd degradation exponentially decreasing towards 0 (g) are independent of each other, as you stipulate, what you're looking for, price p as f over g, is
f(x)=e^x
g(x)=1/h^x
p(x)=(e^x)/(1/(h^x))=(e^x)*(h^x)=eh^x
It's late and I'm midly drunk , so by all means tell me where you think i went wrong.
what is e and h?
e is Euler's number. Not sure about h.
614.
Post 4212215 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.48h):
It's higher risk but also higher reward. I wouldn't be completely shocked if in the next few months we saw LTC hit .1BTC.
I would. That would imply that LTC is 40% of the value of BTC. That's just insane.
615.
Post 4237519 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
There's a german (maybe universal, don't know) saying in support of your "flow" argument: "Geld muss fliessen" (money must flow).
Geld moet rollen
(money should roll)
616.
Post 4240196 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Bitstamp/Bitfinex is crazy. People will just randomly buy or dump 1000 coins at market and absorb massive slippage when they could have saved about $20 grand if they juat spent a little more time making their trade.
Makes you think how they acquired these amounts of wealth in the first place (other than luck).
617.
Post 4240389 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Bitstamp/Bitfinex is crazy. People will just randomly buy or dump 1000 coins at market and absorb massive slippage when they could have saved about $20 grand if they juat spent a little more time making their trade.
Could it be their goal to move the marketprice?
Lol not the manipulation discussion again
618.
Post 4241851 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
619.
Post 4242167 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
this sort of stuff is what is going to take btc well over $10,000
wall street has a lot of money and they like a quick buck
$10,000 in a few months? It should not take long with Wall Street's help.
Didn't the super-exponential graph indicate $100k in 6 months?
620.
Post 4242334 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
this sort of stuff is what is going to take btc well over $10,000
wall street has a lot of money and they like a quick buck
$10,000 in a few months? It should not take long with Wall Street's help.
Didn't the super-exponential graph indicate $100k in 6 months?
$10,000 in four or five months and $100,000 by August.
Sounds good to me! I am sure it will disappoint the bears though.
The bears will be assimilated like Proudhon.
621.
Post 4242409 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
this sort of stuff is what is going to take btc well over $10,000
wall street has a lot of money and they like a quick buck
$10,000 in a few months? It should not take long with Wall Street's help.
Didn't the super-exponential graph indicate $100k in 6 months?
That "sanrio"" would only lead to infrastructure collapse, like the 266 crash at Gox.
I'm not gonna propagate this idea. It's a double edged-sword. Too much too fast is not sustainable.
Sure but who's to say what's too soon and too fast?
I'm not saying this will materialize (but it can). I think I'm the forum member with the most posts that include the word 'patience'
622.
Post 4262061 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Any minute now a mod is going to move this thread to the mining sub forum.
Mining speculation.
623.
Post 4262912 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Visit Greece. We'll go hiking!
I would love to visit greece.
Then it's official. Just do it. By next summer I probably will be able to cover all your expenses
was there earlier this year, had a great time
edit: last year
Me too. Park Mount Olympus is amazing
624.
Post 4266672 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
50K was dumped in May. At the time, the order books were so deep that the dump only brought the price from $127 to $118 - only 9% slippage, and then the month long downtrend began. Now look at our current order books - even if you combine mtgox and bitstamp - the same dump would reduce the price to $450, a 45% drop... Think about that for a moment. Bid support my ass.
You guys have forgotten how even the title of this very thread was created.
Compare the right thing please. You seem to be using Gox so the current price is $822, that's 822/127=6.5 times the price, so you should look at the slippage of 50k/6.5 = ~7.7k BTC. According to Clarkmoody that results in 7.75% slippage, so lower than in May.
625.
Post 4267220 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
50K was dumped in May. At the time, the order books were so deep that the dump only brought the price from $127 to $118 - only 9% slippage, and then the month long downtrend began. Now look at our current order books - even if you combine mtgox and bitstamp - the same dump would reduce the price to $450, a 45% drop... Think about that for a moment. Bid support my ass.
You guys have forgotten how even the title of this very thread was created.
Compare the right thing please. You seem to be using Gox so the current price is $822, that's 822/127=6.5 times the price, so you should look at the slippage of 50k/6.5 = ~7.7k BTC. According to Clarkmoody that results in 7.75% slippage, so lower than in May.
Why are you counting in fiat? The supply of bitcoins stays the same regardless of fiat price. By your logic, when btc was trading at $0.1 then a comparible dump would be 50 million bitcoins, and that many dont even exist. Then also by your logic, once btc is trading at $100,000, we can say "look 50 bitcoins were dumped. the price is supported". lol
Because holdings and corresponding drops are self-adaptive to economic value.
626.
Post 4273361 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Other news... Altcoins are rising?? NMC, NVC, PPC...
Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.
627.
Post 4274571 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Other news... Altcoins are rising?? NMC, NVC, PPC...
Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.
628.
Post 4274720 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Other news... Altcoins are rising?? NMC, NVC, PPC...
Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.
Yeah sure
Wait so I send you my bitcoins first lol
I PM'ed you
629.
Post 4274922 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.49h):
Other news... Altcoins are rising?? NMC, NVC, PPC...
Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.
Yeah sure
Wait so I send you my bitcoins first lol
I PM'ed you
No escrow. No sendo
Escrow is not a problem (but I think not necessary with me) as long as I don't pay for it. I'm posting this here to make public I don't refuse escrow.
Anyway, the deal's still open.
630.
Post 4276997 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Other news... Altcoins are rising?? NMC, NVC, PPC...
Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.
631.
Post 4287186 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
I can't really take articles seriously if they take Dogecoin seriously
632.
Post 4287276 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Why Kanye? Just buy Bitcoin and then openly support it.
If he doesn't truly believe in Bitcoin he can even do it pump and dump style. Making money is so easy of you're as famous as he is
EDIT: Is it even confirmed Kanye West is behind this?
633.
Post 4287372 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Other news... Altcoins are rising?? NMC, NVC, PPC...
Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.
634.
Post 4288447 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Eyeballing the charts, I would guess that ~300 kBTC were bought at over 900 USD each on MtGox alone.
Some of those buyers may be Believers who will hold the Bitcoins no matter what. But some must be waiting for Traders to raise their bids high enough. Someone who bought 10 kBTC at 900, for example, may wait until there are 10 kBTC of bids above 900, then dump all at once.
The Traders caught on that trap will of course have to do the same. So the price will probably stay in the 900-1100 range for a long time, sustained not by hope of a bright future but by reluctance to cash at a loss.
What a blunder would that be. First buying at the top and then following that up by selling at breakeven just before the price goes way higher. People contemplating this should probably disallow themselves to sell ANYTHING within a year of buying it (although for non-crypto assets they should probably up that to 2 years).
635.
Post 4288599 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Yes, they are all heading to the moon and beyond!
This is the time to panic buy!! $1435 before sunday, you heard it here first!
Do all the trains go to the moon? I don't want to board the wrong one
The left one seems the most futuristic.
Judging books from covers since 1999!
636.
Post 4290728 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
I know no one can really say, but will it be safe to even buy at lets say 850
Define safe. Can it go down? Yes.
637.
Post 4309971 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Is it time to think about going to mBTC again?
Didn't we?
638.
Post 4310283 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?
How will 3 banks acquire 99% unless people are stupid enough to sell?
It's open source, remember?
can you explain how the open source nature of Bitcoin has to do with banks being able to own 99% ? do you even know how Bitcoin works ?
No he can't.
It is open source though
639.
Post 4310736 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
I PRAY for the bitcoin is adopted by big fellas. Even if they acquire the 99% of it, they will be OBLIGED to pay for services and the circulation will begin again. What's NOT gonna happen, is the extra-super-duper inflation we have now. Only 21bn there EVER will be. That's all. You can't keep them all. You need money to make the world go around...
LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...
21 Million
640.
Post 4311417 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?
How will 3 banks acquire 99% unless people are stupid enough to sell?
For 99% of BTC to change hands, even the Winklevoss twins would have to sell most of their holdings.
And Risto and Goat and Loaded and...
99% of the Bitcoins is already owned by banks. With Bitcoin, everyone can be the bank
641.
Post 4315335 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...
I no longer hold any altcoins. PPC @ >0.0086 was my exit point. I already got rid of the few LTC I had at 0.048 a couple of weeks ago. May be I should get some back <0.03 ....
642.
Post 4315634 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Does anyone do "choo choo motherfuckers" t-shirts?
Ha. Would love one but maybe mf is better. Cant really have that in public.
Why not? With mf I would never wear it. Lame.
But I know Americans are a bit sensitive wrt swearings. Doesn't the word shit get bleeped?
643.
Post 4315873 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
Mofo is a US law firm. I'm not kidding. mofo.com
Works for the t-shirt though!
My lawyer is from Mofo motherfucker!
644.
Post 4317552 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
here is a fun chart. i forgot where i got it.
this is the now infamous "super-exponential" chart ... it has closer correlation with current price data 0.945 (than the simple log plot , 0.9) ... posted here
https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238if we really are going super-exponential (and it is remote possibility if we are looking at step-change adoption event on the S-curve, akin to an algal population bloom) ... then much mind will be blown.
This is the infamous super exponential chart on log-log paper (super-exponential paper).
Super Exponential. Because exponential is pussies.
645.
Post 4317648 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.50h):
But it seems I can't type. Once more:
Super Exponential. Because exponential is for pussies.
646.
Post 4323331 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Is the Gox-Stamp gap widening? (in the last few days I mean)
647.
Post 4323426 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Is the Gox-Stamp gap widening? (in the last few days I mean)
Yea it is i guess.
What does that mean?
Perception of being able to withdraw from Gox is lowering XOR perception of being able to withdraw from Stamp is increasing.
The are other variables (such as ease of deposit, speed of deposit and potential fee structure changes)
Probably just the market being irrational though (nothing much changes at all between Gox and Stamp I think)
648.
Post 4323492 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
CBF calculating it but it just might look like the spread is increasing when it is staying constant in % terms.
That's why I was asking. Lazy Sunday
649.
Post 4324171 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
When you think of it: Bitcoin is just as silly. The scarcity is artificial, just as with diamonds.
What makes Bitcoin attractive is that nobody can create new units arbitrarily and spend them, diluting everybody else's purchasing power.
Inflation is so destructive because of what it does to economic incentives - why work to create useful products and services to earn currency if someone else can just spend newly-printed units and bid up the price of everything you want to buy?
This effect is present in Bitcoin too, but fortunately it's something that diminishes over time via a known schedule.
Main difference is that with Bitcoin, the oversight over the artificial scarcity is decentralized. With De Beers and the diamonds, it seems it's centralized. They are at least executing their policies consistently, though, it seems. At least compared to our fiat controllers.
It is centralized. One entity can have a large effect. In Bitcoin, no single entity can. In fact, no group of entities can, unless it's the majority of the people (NOT the hashing power, that's actually not as important for this).
650.
Post 4324174 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days?
651.
Post 4324513 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment.
652.
Post 4324566 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days?
Yeah, I misread on bitcoinwisdom depth graph somehow using that mouse hover info. Then took a closer look at the little orderbook on the right and corrected.
Ah, you did use Bitcoinwisdom. I cannot get it to give wall info.
653.
Post 4325596 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment.
It depends on the person. I have more money than I have ever had in my life invested in Bitcoin. Had I earned that money through a regular job, there is no way I would consider putting it all into Bitcoin. But since it came so easy, it wouldn't hurt so much if I lost it all.
Probably how I would feel too. It's not rational however
654.
Post 4325741 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment.
It depends on the person. I have more money than I have ever had in my life invested in Bitcoin.
Had I earned that money through a regular job, there is no way I would consider putting it all into Bitcoin. But since it came so easy, it wouldn't hurt so much if I lost it all.Probably how I would feel too. It's not rational however
It's not rational at all, but I feel the same way. I've been trying to ask myself if I had all my bitcoin-value in FIAT... would I buy as many bitcoins as I own now? Answer is usually: no, not even close, I wouldn't.
Then why am I not selling. Well, I actually am, but I can't bring myself to sell even close to the required amount. Why? Well, I guess I probably learned by pain through past experience that selling Bitcoin is not a good idea.
Selling precious coins when you're a bull is extremely hard. Harder than "not buying" even though you're bullish, I guess.
Hey I recognize that too. A loss hurts too than a equally size profit brings joy. I once read an article about that. Apparently it's normal human psychology. Pathetic little pussies we are huh?
Ah, anything that makes me hold
655.
Post 4325776 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Who's expecting to see above 1000 USD on MtGox within a week?
I am!!!
up uP UP!
it grow by 80$ since yesterday and only 40$ to 1000$. So bitcoiner get conservative? You did you mean 10 000$ within a week?
I stand corrected.
Above 1000 USD on MtGox Today!!!
When is that 1k party again?
656.
Post 4325914 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
657.
Post 4326002 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
BTW the order book on mtgox showing circa 18500 BTC on the ASK side... soon there will be no Bitcoins this cheap for bears
Singularity!
658.
Post 4326562 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Het is stil aan de overkant! (It's silent on the other side)
659.
Post 4326589 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
I'm beginning to think that being in stocks really is a disadvantage if you are in bitcoin as well. I'm in both though, but i don't trade bitcoins.
Me too, but I manage both separately, otherwise any and all gains in stocks is completely eclipsed by Bitcoin
660.
Post 4326689 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
not sure what you mean. the bolded statement should have made it clear that i was in proper position for this -- it in no way took me by surprise. i'm quite pleased with the profits, actually
however, we are far above the trendline now and we're going to pay for it later.
So that means.. . you've sold! Is that right? You have balls, I'll give you that!
profit-taking is different than selling. sell high, rebuy $10 lower, and you can squeeze so much out of a good, foolish, monday morning rally like this one.
tsk tsk you greedy mofos and your irrational behavior and your market inefficiencies that are lining our pockets
It's Sunday
661.
Post 4326761 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
If $900-$1200 wasn't a healthy price 20 days ago, it isn't one now.
Who says it wasn't?
662.
Post 4326799 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
663.
Post 4327540 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Best way to wake up... still drunk from last night, splitting hangover, and $1000 bitcoins!
Well $900 because who takes Gox seriously?
664.
Post 4327635 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
At least the Gox/Stamp gap narrowed a little: 10% again.
665.
Post 4327841 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
I recall rpietila prediction about going to 800 than crashing all the way down to 400 and staying there for some time, I really want to hear his input about the late events, because you all trashed me because of being a bit aggressive about of his prediction
he logs everyday and he doesn't post a single word, if you are reading this I am still interested on your fancy predictions and especially the way you drag the noobs by bragging about the expensive cigars and the money you have...
Didn't he promise not to post before $350?
666.
Post 4331642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Anyone who is NOT german?
I'm not German.
667.
Post 4332077 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
Gox @ 1024. This to me is a much more important barrier than 1k, and it should be to all you btcers!
(next stop 2048...)
1096, then 2981. My psychological lines are integer powers of e. The really major ones have triangle and square numbers for exponents.
forgive my ignorance, but what is the significance of 1096? It's a familiar number to me but I can't work out why....
e^7 = 1096.6
e^8 = 2981.0
668.
Post 4332274 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.51h):
stop with german here, go to your subforum
Jawohl, herr Hauptbahnhof!
btw What film was this line from?Sir main railway station? Have we been drinking tonight sir?
669.
Post 4350976 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Is that a typo in the URL or malware. What is .be supposed to be?
Belgium
670.
Post 4351017 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Is that a typo in the URL or malware. What is .be supposed to be?
Belgium
Who's from Belgium here?
ZoSo15 I guess
671.
Post 4352094 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Jan 1 2015
Pick your price:
750000000, pretty easy call.
And a nearly 16 quadrillion Dollar market cap
672.
Post 4354213 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Come on. Have mercy. I just bought in Mtgox $1015 and it started dropping.
Hold and be patient. Things will be okay if you do this.
673.
Post 4365133 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
And the Bitcoin roller-coaster continues in 2014!
674.
Post 4365297 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Order book on stamp is much thinner than the past days (in both directions)
675.
Post 4365658 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Anyone knows about that new china taobao crypto ban? Could it be the cause?
no.
guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.
i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.
Or, we find out we were super-exponential all this time
676.
Post 4365920 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
i'm not sure either. they look bad because what just happened was bad.
Nothing bad happened sir.
677.
Post 4366073 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
I don't do this very often, but this time I actually sold 10% of my stash at $890 on Stamp. Take this as a warning from a superstrong hand.
Needed liquidity?
678.
Post 4366262 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
I don't do this very often, but this time I actually sold 10% of my stash at $890 on Stamp. Take this as a warning from a superstrong hand.
Needed liquidity?
Nah I just want to increase my BTC stash when I see a clear opportunity to do so.
Okay speculation then. That's not what I call a strong hand
679.
Post 4367395 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
OMG Not again.
Sorry about posting the same pic 2 days in a row, but I can't think of anything more appropriate.
This. This shows how little experience with normal assets is present in these forums. Bitcoin is up 22.5% is less than a week since new years.
PANIC!!1111
680.
Post 4367808 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Who are those people who first panic buy only to panic sell? I mean please continue.
If they prefer they can also send the proceeds directly to one of my Bitcoin addresses.
681.
Post 4368187 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
101% off topic
what the hell happened to the ignore buttons colour?
Is anything of topic in this thread?
682.
Post 4368669 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Is stamp down?
Trades are still going through from my end.
Down for me as well. Needing additional security or something.
They introduced captchas
683.
Post 4369516 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Those who write on forum walls
Roll their shit in little balls
Those who read these words of wit
Eat those little balls of shit
QA got money offered for this before and refused
684.
Post 4369621 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
New year starts with oomph
Such joy to trade Bitcoin!
Now, on to single digits
Wow
Such year
Much joy
685.
Post 4369756 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Stamps nicely balanced. Up and down $80 is both ~2.4k BTC.
686.
Post 4373393 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Know about the ICE train disasters in Germany?
Yes, all human error. Too bad it gave the train a bad name in public opinion
687.
Post 4374116 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
688.
Post 4374254 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Thanks, would you mind popping back to 2009 and telling me to start mining bitcoin too please?
No thanks. I don't want you to effect my mining difficulty in 2010.
Fair enough, I'll send myself an email then, and attach a copy of Reaper miner to it too so that I can outdo everyone else as they were all using their processors back then
Why be greedy and wreck the whole thing?
689.
Post 4374775 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.52h):
Insider information is key, befriend the internet and it will tell you everything
I can haz insider information?
To the Moon and HODLLLL!!!!!1111
690.
Post 4392830 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
Nothing under $1 has been issued for a long time (when was the block reward worth less than $1 last?).
Otherwise, Americans should just stop mining
691.
Post 4393143 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
Nothing under $1 has been issued for a long time (when was the block reward worth less than $1 last?).
Otherwise, Americans should just stop mining
It says that in US 1 satoshi must be worth 1$ that is the law.
BTW, why don't you guys clean up old outdated laws. This one is from the civil war era for fuck's sake.
692.
Post 4393208 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
"Hi TheCoinBull.
The people you took on for the wager would like to be paid now.
Please do get in contact.
Thanks."
I'll keep this thread posted if he... er... lets me know that he wants to pay up.
Right
693.
Post 4393432 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
"Hi TheCoinBull.
The people you took on for the wager would like to be paid now.
Please do get in contact.
Thanks."
I'll keep this thread posted if he... er... lets me know that he wants to pay up.
Right
if there was no escrow he or an official thread where he states that the bet is on, and wasn't just talk, then i'd be ok with you asking him to pay up
but as far as i know this was just talk...
Word. Though I do think that Coin Bull would have been paid if he had won the bet, which is a shame.
That's why I didn't bet. If I had bet I would have included the condition: no escrow within the hour: no bet.
694.
Post 4398085 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
Hey Bitcoin gods. I'm doing the longest time thing and all. But I'd like to get filthy rich tonight, so would you mind hurrying up
695.
Post 4398355 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
Hey Bitcoin gods. I'm doing the longest time thing and all. But I'd like to get filthy rich tonight, so would you mind hurrying up
You'll have to w8 a bit , the guys in rpietila lounge are talking about a drop to 500 =))))
I know I was kidding. Complaining about the insane growth of Bitcoin is insane.
Although please ignore what those speculators are mumbling about. Up and down are equally likely short term.
696.
Post 4418478 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
Fiat is an altcoin with a bad mining algorithm!
Fiat is Ripple and we all hate Ripple.
697.
Post 4418835 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.53h):
Does he have a source? I don't know much about Loaded, he is a super big whale right?
Yes. And he is buying for other whales to, so maybe he is the source.
I was first told they would go to an invited Gov. Auction but that was very soon after it happened. Also no doubt in my mind Loaded already has called FBI with offers.
money talks
If Bitcoin makes it, deals like that will go down as epic stories in the Bitcoin lore. What fortunes can be made!
And broken. Uncle Sam's final chance.
698.
Post 4467217 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.54h):
Dont care about dollar volume. dollar volume combined with X dollars per unit can simplified as Y unit volume. It's always going to be a constant unit volume which has significance to move a market by some percentage.
That's cool, I'm ONLY interested in Dollar volume. The US Dollar is a better indication of purchasing power than Bitcoin (until the end of the Bitcoin singularity).
699.
Post 4467531 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.54h):
Dont care about dollar volume. dollar volume combined with X dollars per unit can simplified as Y unit volume. It's always going to be a constant unit volume which has significance to move a market by some percentage.
That's cool, I'm ONLY interested in Dollar volume. The US Dollar is a better indication of purchasing power than Bitcoin (until the end of the Bitcoin singularity).
So when BTC is trading at $10,000, will you will still believe the same USD volume is significant enough to move the price by the same amount? What about $100,000? Eventually only 1 bitcoin of volume will be needed to support a huge rally. Is that correct?
I'm not talking about a moving price. You're crying the price is unstable because of low Bitcoin denominated volume. You're comparing the Bitcoin denominated volume to when Bitcoin had a lower price. I think you're making the mistake you accuse me of making
700.
Post 4468241 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.54h):
I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals.
All free market haters in the world:
"The problem is not and never was ‘market failure’. It was and continues to be incorrigible government and inevitably corruptible politicians and regulators."
701.
Post 4483748 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.55h):
btw so cool that Sir Branson is among us
If we see $10K/
BTC sometime soon, I'll book a seat to the stars next to Goat...
Does sitting next to Goat get you a discount?
702.
Post 4486158 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.55h):
Zero. All Bitcoins were created by the inception of Bitcoin in 2009. Right now we are simply distributing them in a fair and transparent fashion.
703.
Post 4490820 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.55h):
I am so fucking pissed at this bitch right now.
She could as well ask for banning all fiat money because dealers on the streets use it... Some people are insanely idiots.
Dude, she just lost her son, of course she will be irrational. Don't blame her for having emotions, blame the idiots that overreact to this shit, i.e. politicians and the media.
She attacked something I like. That is not a safe place to stand ...
704.
Post 4492751 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.55h):
the bearishness can you feel it?
Not really, the market is now at only at 1 / 9 of wave C. The real bearishness will be seen in the last 1 / 3 of wave C.
Bla, bla, bla.
705.
Post 4502864 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.55h):
ok who lit up a choochoo?
I sold a little. This always happens after.
never sodl!
Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).
(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)
That really depends on your definition of: "can afford to lose"
706.
Post 4664578 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_11.57h):
Good news keep pouring in on a daily basis, still the market is paralyzed in waiting for China mode. I feel strongly that we are at a plateau that will never again be revisited, and I have now put everything I am able to into Bitcoins. Does anyone else share this feeling of impending boom?
no!
i think at the moment the whole market is in hodl-position and going to hibernate. just some more hodlers and we will get crazy market actions, because of very thin order books.
first price will crash, then risk-oriented-hodlers will temporariliy get out of hibernation, which will leed to some peaks and bots will have big times but that will be just crazy action during hodl-hibernation.
until the next rally it will stay like this.
and i think the next rally is not very near, as we need many times more news than some months ago, because people were scared big time by the volatility in november/december. the new normal-folk-paradigma concerning bitcoin for now is: "but since china ban it´s dead, isnt it?"
we already see the bid-ask spread in the actual m3 chart of stamp, very bad sign imho
Volatility in November/December was considerably lower than volatility in April/May.
707.
Post 5046325 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.05h):
While it may not necessarily be Google's coin, I do forsee that another crpytocurrency or "digital money" comes out which solves the shortcomings of Bitcoin
And that will be bitcoin.
Exactly. Everyone seems to forget Bitcoin adapts.
708.
Post 5054872 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.05h):
Damn I chickened out and pulled all my nice buy spreads this morning.
And I missed the manslaughter fest
Guess I'll have to wait for the next dice roll this afternoon.
lol u think there will be more?
Look, here's how I think:
The fundamentals are good but the whole economy could be sustained with only 25 dollars a bitcoin so this high price is driven mostly by speculation. Not that I see anything bad in profiting from speculation, although the actors here are mostly nerds that are not able to manage a sudden increase of their wealth, and hence most of them are going to lose it gambling it away the same way they got it. (I include myself in this category)
So I think that all of these price swings are caused by the same old actors gambling each other's ass on the exchanges. Not enough new money coming in.
My friends who are geek enough to figure out how to buy bitcoins but yet not crazy enough to have jumped on the bandwagon last year or earlier - they all say "it is too expensive now, I'll buy some when it gets to
[insert number between 100 and 300]".
The fact that we got to 1000$/BTC surely got their attention (and envy) - but yet it doesn't dawn on them that they could buy a tenth of a coin right now. Psychologically, to them, 700$ is just too expensive. And I can't blame them - they look at the 1D chart and they say "it's a bubble". I value their views because those make a sample of the people that are going to drive the next wave of price increases. It's up to them, not Wall Street. Wall Street does not give a f* about bitcoins, litecoins, dodgycoins or whatever rocks your boat. At least not yet. They will get in to make profit in dollars (and so do you, at the moment). So do resellers.
Show them how the 1 D chart looked like this summer. Same for the growth spurt before that.
You can't really blame them, but they are very very wrong.
709.
Post 5068786 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
Man everyone who was saying how bored they were getting with the stability of bitcoin over the last month really jinxed us! The volatility came back, just in the wrong direction. I just want us to get back to the $800 or so range...I feel like that is a fair price for the overall adoption that bitcoin has currently..
What I don't want to happen is for it to keep shooting straight down, and then straight up to point where major companies start second guessing accepting bitcoins (or worse yet decide to stop accepting btc if they have already done so).
Drops often precede growth phases.
710.
Post 5069137 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
annnnd we're back where we were yesterday. This might have actually been a good thing, weak hands definitely shaken.
>$100 below Friday though.
711.
Post 5069383 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
Being in the position MtGox has been in for years the word retarded doesn't begin to describe how idiotic it is for them to become insolvent. They were in a position to basically print money with almost no risk ...
712.
Post 5078629 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
713.
Post 5079520 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
Oh wow! Fiverr accepts Bitcoin! That's very nice news.
You can start panic selling now.
Never heard of the service. Can sellers be paid out in Bitcoin as well?
714.
Post 5081057 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
if i asked you on november 30th, when bitstamp was about to hit $ 1100,- and everyone was expecting the bubble to burst any moment, where btc price would be in after
-china "bans" bitcoin
-russia declares btc illegal
-apple bans the last last wallet app
-gox stops btc withdrawels
-gox releasing a press release making it sound btc code is broken
?
around $ 700 you say ?
So nothing real
715.
Post 5088145 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.06h):
Whoever controls communications,
Whoever controls Dune controls the spice. Whoever controls the spice controls the universe.
716.
Post 5090566 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.07h):
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year
Because it's not important and therefore very low on the prioritized list of things to get done. This is a non-isssue. Please don't fall for Gox' propaganda!
717.
Post 5090814 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.07h):
I suspect we could persuade Goat to come along if we all tugged on his sleeve hard enough.
Goat for president
718.
Post 5091561 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.07h):
It's funny how every poll here always has the most votes for the most bullish option and the bulls are always wrong.
Wrong? No yet ...
719.
Post 5091606 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.07h):
lol, banning Bitcoin because otherwise there won't be any work for bankers. Implying their job's a worthless. Nice going Kazakhstanian PM! You are clearly a scholar!
720.
Post 5139094 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.09h):
The one thing i'm contemplating is IF Gox resume btc withdrawals , how much will go directly towards stamp to dump for an instant 80-100% profit.
Arbitrage the other way, who would have thought..
So then we'd see the Stamp price dive quite suddenly I presume. Gox and Stamp would shortly be meeting halfway?
Depends on volume of course.
721.
Post 5349642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.18h):
I heard that Satoshi is dumping his stash and that Mark is the real Satoshi.
Something tells me that Satoshi has quietly sold his stash off-market and now he has only academic interest in bitcoin. He is no longer an owner, not a trader, and he is rather skeptical of its longterm success.
The day Satoshi's mined blocks start moving it will be huge news. it will probably induce a crash of its own. Thus far they haven't moved though; no need to speculate, just check.
722.
Post 5502189 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.23h):
Auroracoin up 40% since this morning & still on a tear
Wow, buying Auroracoin must be one of the most ingenious methods of donating money to the people of Iceland as possible. I had no idea there was so much love for Icelandic people!
723.
Post 5502832 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.23h):
Auroracoin up 40% since this morning & still on a tear
Wow, buying Auroracoin must be one of the most ingenious methods of donating money to the people of Iceland as possible. I had no idea there was so much love for Icelandic people!
: -) well, they are nice folks. but i think it is an interesting social experiment also, especially in light of what happened with their banks and currency during the big collapse a few years back. just another tendril in the crypto revolution.
I loved how celand handled the banking crisis. I think they were the ONLY country to get it right:
"What?! The banks are going bankrupt? That's a real shame but that's what businesses do when they are mismanaged, carry on."
Then Brittan and the Netherlands bailed out their native account holders in the Icelandic banks and expected Iceland to cough it up. Iceland was like: "umh lol? Uhm no? Why are you asking us money for your stupidity?"
Having said this, Auroracoin is ridiculous of course (to help people who had trouble understanding the sarcastic comment I made in my previous post). Anyway: carry on
724.
Post 5614566 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.25h):
Also, I would NOT categorize taxation as an involuntary taking.... ... even though there are some difficulties in electing within which society (community) and set up that we want to live. The role of government tends to be a complicated topic... and such topic has been especially inflammatory from time to time....
Try not paying and see what happens. Just because a gang outnumbers you does not make the robbery any the less.
I prefer NOT to get into drawn out discussion about the role of government, and/or the extent to which there is a consensual nature to being governed or being a part of a society.
Nonetheless, I am suggesting that equating individualized theft (or being robbed by a corporation or being defrauded) with taxation will cause considerable oversimplification about the differing concepts and differing dynamics.
Viewing taxation as theft (or as an involuntary taking) is bringing the wrong framework b/c questions about taxation are a lot more complicated than theft or other categories of involuntary takings. For example, you mention the size of the gang... and this seems to be fuzzy logic to view government as a gang.. .. as if you are being ganged up upon and that government is something apart from one's self... even though there remain tensions between community and self, theft is different.
It actually is the exact same thing. It's just that in the case of taxation the group doing the taken are much more powerful and at the same time believe (for the most part) that they are morally in the right (which they aren't in my opinion).
725.
Post 5783990 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
why do central banks around the world feel compelled to down play bitcoin?
i dont get it! why!
The banks really start to feel threatened by bitcoin. That's a good sign
Well ...
Rather than functioning like money, bitcoins display the characteristics of commodities – that is, users attach value to them, not issuers or central banks.
Thanks Danish central bank! I'd like my money to be valued decentralized instead of centralized e.g. by a central bank or "issuer" (in fact I'd like there to be no specific issuer at all thank you very much).
726.
Post 5786008 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
while 12% of bitcoiners are frantically screaming BUY BUY BUY or SELL SELL SELL, 66% of bitcoiners reported they would "go down with the ship"
just saying.
https://www.youtube.com/watch?v=2pwT2wiZsg0
727.
Post 5786253 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
while 12% of bitcoiners are frantically screaming BUY BUY BUY or SELL SELL SELL, 66% of bitcoiners reported they would "go down with the ship"
just saying.
we should validate their respones against their holdigns right now
No we should not.
728.
Post 5789965 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
@mah87 since im not pretending to know what im doing anyway... im going to invest a bit in ripple.
No, please don't listen to mah87. Ripple is the largest scam around. It's basically a 100% pre-mined coin with no actual mining to protect the network. It's a centralized alternative to Bitcoin. Yes so are fiat currencies.
I'd advocate buying Euros and Dollars over buying Ripple and considering my apathy against those that's saying something.
729.
Post 5790098 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
Ripple is the worst currency I've ever seen. Attacking Bitcoin in any way won't change that. The correct value of XRP is zero and I'm neither exaggerating nor kidding.
I shouldn't even try to react here (because it's useless anyway) but it just ticks me off that you're trying to get people to burn their money.
730.
Post 5790200 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
Ripple is the worst currency I've ever seen.
You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...
The Ripple payment network was a great idea and I was enthusiastic about whether it would work in practice.
Then the founders turned it into a get rich quick scheme by creating a currency (XRP, by many referred to as Ripple). This cured me of any form of belief in the people behind Ripple. The addition of a currency was and is completely unnecessary and even if the payment system take hold the value of the currency should approach zero.
I hope someone retries to make Ripple as it was supposed to be and I'll be curious about the practical feasibility of a distributed trust/IOU network.
731.
Post 5790442 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.27h):
Ripple is the worst currency I've ever seen.
You don't get it. Ripple is the most flexible payment network that has ever existed. The ONLY advantage of Bitcoin above Ripple is that Bitcoin is more spread actually, but it may change really really soon...
The Ripple payment network was a great idea and I was enthusiastic about whether it would work in practice.
Then the founders turned it into a get rich quick scheme by creating a currency (XRP, by many referred to as Ripple). This cured me of any form of belief in the people behind Ripple. The addition of a currency was and is completely unnecessary and even if the payment system take hold the value of the currency should approach zero.
I hope someone retries to make Ripple as it was supposed to be and I'll be curious about the practical feasibility of a distributed trust/IOU network.
I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.
Come on, shut up, you're telling everyone to buy XRP.
732.
Post 5859082 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.28h):
it is only a detail of the bigger problem of 100% of all the money that exists being owned by a few thousand people.
Again, this is a much more severe problem in USD than in BTC. BTC helps to solve this problem as well, because the thousands who own most of the BTC are
largely non-overlapping with the thousands who own most of the USD. The aggregate GINI is better as a result.
OM f'in G!!!!!! Are you suggesting some level of redistribution of wealth? OM f'in G, this will mean the end of the world as we know it, no?
Actually, I am NOT very worried about redistribution of wealth b/c I get the sense that the rich always figure out ways to manipulate and co-opt various innovations and institutions in order that there is NOT too much redistribution of wealth and historical inequities continue. The same is likely to be true with bitcoin - b/c even the traditional rich, once they recognize value in btc, are going to find ways to profit off of btc disproportionately to regular joe schmoes. At the same time, various innovations play out differently, and I suspect that there may be some ways that the dynamics in bitcoin will play out a bit differently (but NOT to a large degree), and some redistribution of wealth is going to take place, in spite of status quo rich manipulations that will occur... and likely already have been occurring, to some degree.
Also, I suspect that the status quo rich are going to attempt to drag out status quo systems as long as they can in order to continue to be able to continue to exploit poor people around the world for as long as they can get away with it.
Except for the early adopters of Bitcoin the redistribution of wealth won't be that extreme. Just look at the first ways to invest in Bitcoin that are popping up: SecondMarket (which is only for the existing elite) and investing in non-publically traded companies (also not for Joe Average).
Don't worry, the majority of the existing status-quo will make sure they're still part of the new status-quo as well even in the case of an extremely violent (quick) redistribution of wealth (although they'll lose some relative purchasing power to the new entrants)
733.
Post 5883706 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.29h):
GTA2: killlllll frenzy!
Haha, brings back memories
734.
Post 5889290 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.29h):
Is bitstamp dead ? Trading is currently in anemic state, not a good sign IMO!
2 months ago 580 would be have been considered dirt cheap! Its all about perception i guess..$400 might be considered expensive in 2 months
Meanwhile at Second Market ...
735.
Post 5952556 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.30h):
And that's what pisses me off: not that the "cultists" are sitting this bear market out, but that they're shouting down those who discuss how to profit from the market conditions.
Because it is my (and many other's) opinion you cannot profit from that
The human mind is amazing in finding patterns even if there is none.
736.
Post 6171790 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
Good morning guys, yesterday (today) I was up till 5:00 Europe time (GMT+2), didnt sleep the whole night, I couldnt resist watching what was happening, I had price alarms going off, they kept waking me up and I had to turn my phone off but when I woke I was a bit surprised.
I still dont know how the hell we bounced back this fast, I need to finish my cofee and smoke a couple of cigarets first. then I can read up forward
not sure myself. someone posted a rumor that China are not in fact banning bitcoin. I have no idea if true
It doesn't matter whether it's true because it's completely irrelevant.
737.
Post 6172097 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong.
At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp.
I agree. This is unprofessional.
738.
Post 6172273 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong.
At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp.
I agree. This is unprofessional.
what is unprofessional.. the fact that China's news was used by manipulators to spread fear mongering and failed miserably?
Bitstamp is a business and should behave that way. That a bunch of people act like retards doesn't mean they should too.
739.
Post 6174196 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
Only banks are forbidden from doing this right?
740.
Post 6174908 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
There are several factors why people do not daytrade :
1) They feel safer to have their coins in the coldstorage and not on the exchange - nothing wrong with that
2) They understand that trading is a serious deal, that you cant just jump in right into it and make money - nothing wrong with that
3) They have other job and its more profitable/comfortable for them to just focus on their job and buy more coins when the price is right - nothing wrong with that
4) They feel that in the best case trading is a zero sum game in which they have no edge and worst case pure gambling (with a preference for the latter theory)
741.
Post 6187628 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate?
Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$.
We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i don´t have the exact numbers. But 11,197
BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up.
Of course the price can likely crash afterwards again.
If one whale buys now 3000
BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price.
But first the price has to get to 500$ though.
I think many of those stop loss are set @ around 450-460$ . When these get activated it would drive the price upwards automatically until others that are set higher would get triggered from them afterwards and we would see a huge spike in the end. Of course, i don´t know if anyone really plans a market buy to perform this right now, but we have seen this before.
So as a whale:
1. Setup sells in the range $500-$700
2. Market buy to trigger liquidations
3. Automatically get bought into
4. profit (insta)
742.
Post 6192054 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
In chart terms, sir, I see a double bottom.
Of course, this is in a TA context.
I think it is a bullish sign.
To be honest I don't see a double bottom on the charts either
(unless you are talking about the 1 min charts)
to be a double bottom, I would think we need a sustained bounce off 340 again. Then you will see a strong uptrend.
I see a triple bottom on the daily 18 dec/ 25 feb / 11 apr
743.
Post 6192132 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.36h):
In chart terms, sir, I see a double bottom.
Of course, this is in a TA context.
I think it is a bullish sign.
To be honest I don't see a double bottom on the charts either
(unless you are talking about the 1 min charts)
to be a double bottom, I would think we need a sustained bounce off 340 again. Then you will see a strong uptrend.
I see a triple bottom on the daily 18 dec/ 25 feb / 11 apr
I need a bathing suit picture, otherwise, i do not believe it.
Not that I believe in any TA vodoo
744.
Post 6199198 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.37h):
where do you think the bottom is?
The $0 bottom seems to be quite secure and rarely tested
745.
Post 6218393 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.37h):
Approximate annual inflation rates since Jan/2014:
Euro Area (Euro) 1%
USA (Dollar) 1.6 %
China (Yuan) 2%
Brazil (Real) 6.5%
Argentina (Peso) 11%
Venezuela (Bolívar) 54%
Bitcoinland (Bitcoin) 350%
Those are the reported inflation rates for Europe and the US at least. The reality is much much higher.
746.
Post 6219180 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.37h):
Dreamspark:
How many coins are you thinking is "plenty?"
Anyone with 3,000 plus BTC can live fairly comfortable with passive income from that investment, even at today's seemingly quasi-suppressed BTC prices. Given the ongoing uncertainties and volatility of BTC, it seems that 3,000 or more BTC would provide a bit of a cushion built in for living passively and taking an approximate 4% annual distribution. Though if all of my investment was in BTC, and I was expecting to live passively off 3,000 BTC, I would have to diversify out of some of those holdings to feel comfortable... maybe less than 50% in BTC.
If an investor has fewer than the equivalent of 3,000 BTC contributing to his passive income, then s/he may still need to continue to work to build that nest egg. And, if that person has even higher financial aspirations then that's another story.
What made you arrive at 3k BTC (at today's exchange rate $1.38M, or 1M Euro) as the cut-off point for living off passive income?
747.
Post 6239951 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.38h):
repost of my own chart reflecting the uptrend after the downtrend in the summer of 2013
SNIP
if we follow it exactly, we will see a small correction from 540 to 440 USD, very soon!
This would mean ATH in October?
748.
Post 6240089 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.38h):
First, that was nixon that condemned the dollar with deconnecting it from gold.
Nixon only put the final nail in the coffin. Condemning the Dollar had started on 31 January 1934 by Roosevelt.
749.
Post 6240332 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.38h):
you are right, one aspect nevertheless: there could be a successor to bitcoin in its current form ... then it's clear that everyone will jump ship. i think, quite a few of those who have "missed" bitcoin so far think, that they'll simply wait for this new incarnation and hold back their investment.
That would be ill-advised: Bitcoin is likely to be the best or only way to get into the successor, or at the very least, the best or only way to get into it early on.
We've been trading shiny rocks and sea shells for thousands of years before crypto currency was discovered and they are going to wait for it's successor? Okay
750.
Post 6263606 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.38h):
So buying back in now, because of an expected pump would be a good strategy?
I think its going below 3000 first
Let's try to go above it first.
751.
Post 6263983 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.38h):
Why would you feel safe there? Most likely at that point someone will post a message in Chinese which causes everyone to absolutely completely totally panic and sell their coins.
If you hold BTC you can always feel safe.
752.
Post 6272479 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
Wait what?? lol
Wasn't 3rd party deposits banned??
See my previous posts, this apparently was the cause of the short-lived bump at 04-17 05:12 UTC.
I belive that these "TOP-UP" cards are not the same thing as "3rd party payment processors depositing directly into Huobi's bank account". There seens to be a "4th party" involved, a card-issuing company. The card company receives the money from Huobi clients via bank wire transfers or the 3rd party payment company, "recharges" the clients' cards, and then the cards can be used somehow to deposit money into the clients' internal Huobi accounts . Thay is what I
fantasized understood from Google Translate's output.
I wonder if the PBoC will be happy with that solution, but I would guess that they did not ask the PBoC beforehand...
Yes this is getting quite ridiculous. Now we have 3rd party to 3rd party (4th party?) what's next? 3rd party to 3rd party to 3rd party?
753.
Post 6308644 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
What concerns me is the Jorge brings problems, not solutions even when some of these solutions are fairly obvious or already known and only require a little imagination and deduction.
The discussion started because someone (@aminorex?) claimed flatly that bitcoins are much safer than traditiional payment methods. That statement is at least unwarranted, because (1) there are many ways to steal bitcoins, (2) stealing bitcoins is easier, "safer", and more effective in many ways than stealing credit cards or bank keys, and (3) bitcoin theft is still a common occurrence in bitcoin businesses, which are supposedly run by computer-savy people.
AFAIK, each year about 7 trillion dollars are paid with credit cards worldwide, of which 20 billion dollars (~0.3%) are fraudulent.
What about bitcoins? I have no idea how much is the total use of bitcoin in commerce (excluding speculation, internal shuffling, and large finance), but last year Bitpay said they paid 100 million dollars, so let's say 300 million total. The MtGOX heist alone was at least 300 million dollars. Even spread over 2 years, it alone would be 30% of all commercial use. So, I think it is pretty fair to say that bitcoin theft is a much bigger problem than credit card theft, relative to total commerce.
Yes, many of those problems could be fixed in theory; but in practice many still haven''t been fixed, and others (like the irrevocability of thefts and the near impossibility of identifying the thief) do not seem to have a solution even in theory. Others, like address phishing (tricking people to send bitcoins to the wrong address) may be done in so many ways that it seems unlikely they will have a single, simple solution. The problem is made worse by exaggerated claims of security, since they may induce users to lower their guard. (E.g., see that site that generated vanity addresses.)
And anyway, why should
I find the solutions? I am the skeptic here...
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.
It's not so much the credit card which is fraudulent (they are very prone to it but that's besides the point). It's the currency in itself which is.
754.
Post 6311581 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.
Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.
People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if
they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.
+1
The Dunning–Kruger effect is a cognitive bias which can manifest in one of two ways:
http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effectMy favourite psychological effect
755.
Post 6321082 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
Just read over on reddit that Germany classifies BTC as "private money". This is some good news.
Isn't that very old news?
756.
Post 6329033 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
He wants to peg BTC and gold prices ...
757.
Post 6330640 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
is NOT realized until the asset is cashed out.
Bitcoin *IS* cash.
So much of this. Bitcoin is better cash than fiat even.
758.
Post 6341647 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.39h):
Any candlestick TA experts? This is bitstamp Y10 chart. What are your predictions?
Haha
So bullish!
759.
Post 6381707 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
So is the long term downtrend line the bears got a hard-on for broken already?
760.
Post 6381765 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
The bears are shitting their pants.
I would too if I shorted anything. I imagine shorting Bitcoin to be just about the scariest thing ever.
761.
Post 6383725 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
In the meantime, classic accumulation happening at Second Market. They have some 105 000 BTC already.
This thing is going to blow up our minds when it explodes. And it might be soon, this looks to me like 140s last summer.
While I agree SecondMarket it one of the better indicators we have, you do recall it took a while to take off last summer. Well, it can take much much longer still.
762.
Post 6383850 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
Bitcoin traders...what a bunch of idiots.
We are really. We should all be full in
fiat Bitcoin and
wait for China to completely fuck of from Bitcoin world. not care about things that don't matterFYP
763.
Post 6383862 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
Bitcoin traders...what a bunch of idiots.
We are really. We should all be full in
fiat Bitcoin and
wait for China to completely fuck of from Bitcoin world. not care about things that don't matter
FYP
They matter unfortunately, we're under Chinese mercy for months now.
No they don't matter at all. People think they do and therefore exchange rates with fiat are affected in the short term, but that is all.
764.
Post 6383922 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
No [ teh Chinese ] don't matter at all. People think they do and therefore exchange rates with fiat are affected in the short term, but that is all.
When the price drops in China, arbitrage traders immediately buy cheap coins there, move them to Bitstamp/BTC-e/Bitfinex/etc, and sell them for the still higher price. That slows down the Chinese drop and pulls the price down in the west, until the prices about match (within some currency exchange rate, seems to be 6.30 CNY/USD these days).
Of course this happens. But it doesn't matter. It has zero affect on the usefulness or adoption of Bitcoin. It's merely the price that's affected for a short while.
765.
Post 6383961 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
And when this is over they're gonna buy again. Like nothing happened. Most of them with a big loss. How stupid can you get it.
How much is SecondMarket scooping up?
766.
Post 6384046 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
I don't want to jinx it here...but if we manage to recover from the drop quickly we could be looking at another "Silk Road" cash scenario.
At the time people thought the Silk Road was the cornerstone of the bitcoin economy as well.
Yes that was nice and ironic and people who dumped were crying pretty hard at the time.
767.
Post 6384159 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
Someone please tell me there are no new "deadlines" this time. I don't think i can handle that shit again.
The deadlines are the worst!
There are deadlines again.
768.
Post 6384307 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
F***ing bloodbath.
"Buy When There's Blood In The Streets" - Baron Rothschild
769.
Post 6384355 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
F***ing bloodbath.
"Buy When There's Blood In The Streets" - Baron Rothschild
you buying? another saying is to never attempt to catch a falling knife ...
I always try to catch falling knives
770.
Post 6389806 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
So here is your last chance to get coins for <500.00
You will never see bitcoin prices much lower than this again. It might go slightly lower and may even retest the last low at around 350.00 but this is buy zone if you haven't already. You can quote me on this and thank me later when we are at 10,000 plus in a few short months. China is only an excuse and mars can easily be reached without her. Don't believe the hype.
Come on. You can be a bull and not be delusional. The chances of going up and getting dumped on by China again are quite high.
I think Silverfuture's exactly right and you are being quite naive
771.
Post 6389933 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
So here is your last chance to get coins for <500.00
You will never see bitcoin prices much lower than this again. It might go slightly lower and may even retest the last low at around 350.00 but this is buy zone if you haven't already. You can quote me on this and thank me later when we are at 10,000 plus in a few short months. China is only an excuse and mars can easily be reached without her. Don't believe the hype.
Come on. You can be a bull and not be delusional. The chances of going up and getting dumped on by China again are quite high.
I think Silverfuture's exactly right and you are being quite naive
I'm naive because i keep in mind several bad things might happen to Bitcoin again? Really? That is being naive
You didn't state a single bad thing. People dumping because of fear is not a bad thing for Bitcoin. In fact, it's part of the natural growth cycle of Bitcoin and where those intelligent enough to think contrarian make most of their money.
When something comes along that's actually bad for Bitcoin (successful 51% attack, large leak in the hashing algorithm, an altcoin which truly better fundamentals) we'll talk again and I'll probably agree with you but now? No freaking way. I'm sorry but you're just one of the many scared sheep
772.
Post 6390055 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
We'll first off it's not even guaranteed that the world will adopt any form of crypto but if they do it might be something that is nothing like any of the current 'coins'. It might be non-blockchain-based and use some other technology that we can't even imagine currently.
I can imagine two radical alternatives: cryptocurrencies issued and managed by (1) large private multinational companies or consortia (banks, insurance companies, retailers, google, facebook, ...) or (2) national governments (USAcoin, BitEuro, RussiaCoin, etc.).
These cryptos would retain the idea of offline generation of address/key pairs, but junk all the other "features" of bitcoin (anonymity, decentralized management, independence from gov & banks, irrevocability, mining, limited number, deflation, ...). Libertarians would hate them (and would hate (1) too), but for most consumers and retailers they may be even better than bitcoin.
No, people might perceive them as better.
773.
Post 6394455 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
So here is your last chance to get coins for <500.00
You will never see bitcoin prices much lower than this again. It might go slightly lower and may even retest the last low at around 350.00 but this is buy zone if you haven't already. You can quote me on this and thank me later when we are at 10,000 plus in a few short months. China is only an excuse and mars can easily be reached without her. Don't believe the hype.
Where have I heard that before? Oh wait, $600.
I heard it at $800 and even $1000
I heard it at $0.25 (per bitcoin), and various times after that. Sometimes there was an opportunity, sometimes not.
Generally not.
So "generally" we should all buy as much as possible especially on days like today.
I am just trying to understand why it is so hard psychologically to buy on days like today. I was telling BitchicksHusband when he woke me up early this morning to tell me we should buy that it is a bit depressing and I almost have a feeling of "why bother" especially when we made some gains yesterday only to lose them all because of a bunch of stupid FUD. But I guess my bearishness just proves the bottom has hit! Buy, buy, buy!
Did you sell yesterday? No? The you didn't make any gains yesterday. Stop looking at it on a day to day basis if you cannot handle the volatility of price (not value).
774.
Post 6397642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
There is always something going on in Bitcoin. It's like a soap opera.
I was just listening to Billy Joel's "we didn't start the fire" and I think Zhoutonged should cover that for their next song
775.
Post 6399673 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
The terrifying thing right now is that the only reason Houbi isn't dumping is there is no bid depth. There is NOTHING to sell into.
Why is that terrifying? Do you have BTC stuck at Houbi you need to sell?
776.
Post 6399754 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
The only people buying now are people who sold higher. Look at the volume. Volume tells the story. We are very likely just at a consolidation stage on a trip back down. Don't get caught on the wrong side of the is/ought divide. China matters until it doesn't. Just because prices are stupid low doesn't mean they can't get stupider lower. Markets can stay irrational longer than you can stay solvent if you don't manage your capital wisely.
There are silver linings. The good news is that the FBI will probably not get much for their coins. When the Chinese people will discover in a year or two from now how badly the PBoC and their government screwed them out of a leadership roll in crypto, it may do more to foment revolution than Tienanmen Square.
Be smart. Be patient, and be in a position to scoop up bargains should they materialize.
You are basically advocating the following:
* Some guy on the street is selling a $100 note (guaranteed to be non-counterfeit) for $10
* You tell your friend who wants to buy: No don't buy it. He might sell it for $5 if we wait a little bit!
And then if the friend buys it anyway and the man is indeed selling the $100 bill for $5 the next day you mock him.
It's not really relevant price can go lower (unless you use margin)
777.
Post 6400740 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
There aren't many shorts. If you take the difference between what I shorted today and what was short yesterday, there is about 200 btc in additional shorts.
Meanwhile, there are A LOT more longs on margin than shorts. And its more expensive too. I can basically short for free.
I wouldn't short if they paid me.
I'm not a huge fan of leveraged long either though.
778.
Post 6405233 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
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).
If you want much better than 1:1 odds I wonder what real chance you give your own prediction? Those odds indicate significantly lower than 50%.
779.
Post 6406965 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.
Perhaps it does, but that is only possible because there is so little determination with the buyers. As long as they wait, the price stays low. When they start to pre-empt each other, it rises. It may (
and likely will) take months before it happens. The bottom, however, is established here, it is not $200. Every week brings more certainty to that.
With $100 million of new money who are not satisfied with anything else but Bitcoins, the market would be $100 or so higher.
With $1 billion, we would be nearing ATH.
In our runup to $5,000, about $6 billion of fresh money need to be invested. None of us has this money. It is the new generation.
If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection.
Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?
780.
Post 6413686 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
And, don't tell me that the guys with $10 million are treating $50K the same as a guy with $10k is treating $50.
Of course he doesn't. If he did, he would never had made $10M in the first place.
781.
Post 6414738 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
459.9
Don't look so sour!
782.
Post 6414879 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
Agreed with dnaleor & Adam, but not until the long-running ChinaFUD soap opera concludes.
It will never conclude. Good thing it doesn't really matter. Hopefully, at some point, people will figure this out.
783.
Post 6424258 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
These are all valid critiques on the model.
However, there isn't anything better. It's not like a stock which has assets and generate a positive free cash flow. Valuing commodities that are not used only in industry is inherently hard (not that valuing industrial commodities is easy but at least you have estimates of demand to go on). How would you value gold? Where is that price heading long term? Well we use long term charts (yes longer than Bitcoin) to show it matches inflation of fiat currencies (although one can only truly use charts after Nixon completely killed the dollar by ending the gold standard).
So Blitz (and others): do you have any better ideas? If so, I'm all ears
784.
Post 6424688 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.40h):
So Blitz (and others): do you have any better ideas? If so, I'm all ears
My idea is to consider the Metcalfe Value model (
V ~
N2). It makes no attempt to extrapolate into the future; however, it does show that the bitcoin market cap has grown in proportion to the square of what I refer to as the
generalized user base over 4 years and over 1,000,000% change in price.
This should make Oda and Blitz happy, since this is not a predictive model (in time). However, it provides support for Risto's exponential growth model because bitcoin's generalized user base has actually deviated less from true exponential growth than bitcoin's market cap has.
FIGURE SNIPPED
The question of price then becomes one of adoption. Will bitcoin continue to be useful to a growing number of humans?
Peter, I told you before I really really like your model. Mostly because this is about fundamentals and not price. When you value a company the stock price is not a factor at all (only for determining to buy or not). The main (and inherent) weakness with your model is that the only data we have to estimate the value of a number of transactions per day because you had to bootstrap this using Bitcoin's own price history. There's no other example in history to refer to.
785.
Post 6424994 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
What's the reason for the dumps?
China ban?
Which ban? They are banning bitcoin every 2-3 weeks since December, get over it.
The butthurt is strong in this one
Indeed: what ban?
786.
Post 6425020 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Maybe I should remove my 425 bids
Should I?
For a quick buck maybe, but I would not hold on to them for too long.
For a quick buck I don't know, but for long term hold it's perfect
787.
Post 6425103 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Maybe I should remove my 425 bids
Should I?
For a quick buck maybe, but I would not hold on to them for too long.
For a quick buck I don't know, but for long term hold it's perfect
Long term, you mean for a few years?
Long term is at least a few years yes.
788.
Post 6426753 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Maybe I should remove my 425 bids
Should I?
Why did you have them there if you weren't hoping for the price to go there?
Hahaha he only wants to buy flash crashes it seems.
789.
Post 6426889 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
this must best the longest bear market in bitcoin history.
It will be something to tell your grandchildren about when you want them to stop being ungrateful shits.
No it isn't. After the peaks to $32 in the summer of 2011 it took until Feb 2013 (1.5 years later) to pass $32 again. If we haven't passed 1163 next year it'll be about the same time.
790.
Post 6427114 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Here is a thought experiment: imagine that tomorrow everybody somehow "knows" that the price of bitcoin would never increase, but that the price of bitcoin would never decrease either. It is simply a fact that 1 BTC will forever buy the same basket of goods. Would you expect world-wide demand to hold bitcoin to increase or decrease?
Increase, by a large multiple!
Bitcoin is more useful than fiat currency, and as its value would forever be stable against goods (like gold's value is, even though gold cannot be transacted), there would be no risk in holding bitcoins. I would imagine that perhaps 10,000x today's number of bitcoin would be demanded by the market.
Which would cause a price increase and in effect stop the stabilization. This effect will occur with the current (non-static) prices as well, but take while longer to manifest.
791.
Post 6427548 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
This is how we make progress in theoretical physics. A good example is Newton's Second Law: f = m a. A lot people think that this is some discovery about a "fundamental law of the universe," but it is actually just a definition. The net force acting on an object is defined by humans to be equal to the product of the object's mass and acceleration. You could equally create another "law" that says f2 = m v, where v is velocity and f2 is "force 2.0." Both are correct by definition, but only one is useful. If you calculate the "force 2.0" of gravity, you'll get a complex mess; whereas the "force" of gravity is an elegant equation.
Well, I would take issue with that. Sure, mathematically one can choose any set of consistent concepts and true statementes as the starting point, and treat the remainder as derived.
However, that is not how f = ma developed historically. Acceleration of course is defined as the second derivative of position with respect to time, and Galileo, before Newton, was one who contributed to the understanding of uniformly accelerated motion. Force however can be "felt" and measured independently of any motion (e.g. with a dynamometer), and well before f = ma there was allready a large consistent quantitative theory of forces without motion, that included weight ("two identical objects have twice the weight of one"), levers, pulleys, and inclined planes, buoyancy and more. So when Newton stated f = ma, he indeed discovered a law of nature.
Jorge, you'll need to take it up with Richard Feynman because I borrowed the example from him (from Feynman Lectures on Physics; however, he called it a "gorce" rather than "force 2.0").
You interpretation of this history of physics and calculus shows that you've never questioned how our perception of reality is shaped by those among us with the courage to pursue truth.
What is a dynamometer? A simple way to construct one is to use a spring and mark equally-spaced lines to indicate how far the string has stretched. You can then place a "mass" on the end of the spring and measure the spring's stretch by counting lines. You then say that "force is the change in the number of lines," but by doing this you are
implicitly assuming that Hooke's law holds (that f = k x). All of physics is a bunch of definitions and equations piled up on top of each other that are self-consistent and that explain what we see in the natural world. They are
human constructions.Satoshi Nakamoto once said that "humans are pattern-seeking, story-telling animals." Newton saw patterns and he made up a convincing story to explain it. That story proved to be so useful and so powerful that it became entrenched in our perception of reality, and now generations of physicists have built on top of it. But it is just a story that explains what we see in nature. It is not nature itself.
When Newton wrote "Principia," he planted the seeds that would
change mankind's perception of reality over the next several hundred years. When Satoshi wrote "Bitcoin: a peer-to-peer electronic cash system," I would argue that he did the same thing.
I think if you were alive in the days of Newton, you would have been a bishop of the Catholic Church. I believe you would have claimed that calculus was "pointless" and because of your mental obstinance, you wouldn't have even understood what it was that Newton meant by "acceleration is the second derivative of position." But you are also smart, and you would have realized that Newton was able to accurately explain the motion of the heavens, diligently recorded by Nicolaus Copernicus 200 years early. This would have frightened you, Jorge. You would have written about the evils that would come from physics and that no man can understand the complexity of God's creation.
Newton would have seemed to you a heretic, for he presented a theory that was strongly at variance with established beliefs and customs. This is not unlike how you view bitcoin as heresy today.
The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.
792.
Post 6427959 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Newton would have seemed to you a heretic [Jorge], for he presented a theory that was strongly at variance with established beliefs and customs. This is not unlike how you view bitcoin as heresy today.
The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.
Precisely. They are models that we slowly optimize as we seek out truth. The most useful models influence our perception of the universe in all of its complexity that we see in front of us.
Reshaping our perception of reality is both exciting and frightening. Some embrace it and ask how they can use it to their advantage. Others cling tightly to their past beliefs, trolling internet forums as the pressure from their cognitive dissonance grows, for these people know deep inside that their worldview will never be the same.
Yes, but while I completely agree with you we must always consider the possibility that we are wrong. I think it's highly unlikely but the chance of that is certainly non-zero. If I end up being wrong it will surely hurt me financially.
793.
Post 6428333 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Newton would have seemed to you a heretic [Jorge], for he presented a theory that was strongly at variance with established beliefs and customs. This is not unlike how you view bitcoin as heresy today.
The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.
Precisely. They are models that we slowly optimize as we seek out truth. The most useful models influence our perception of the universe in all of its complexity that we see in front of us.
Reshaping our perception of reality is both exciting and frightening. Some embrace it and ask how they can use it to their advantage. Others cling tightly to their past beliefs, trolling internet forums as the pressure from their cognitive dissonance grows, for these people know deep inside that their worldview will never be the same.
Yes, but while I completely agree with you we must always consider the possibility that we are wrong. I think it's highly unlikely but the chance of that is certainly non-zero. If I end up being wrong it will surely hurt me financially.
Exactly. A scientist is never afraid to admit a wrong estimation. That's what true scientists do. Test and verify, then (if an error is found) reshape theory then verify... until the model is (almost) perfect.
PS: WTF are you people doing here? Isn't it the WoT?
Wall observer is kind of the shoutbox of bitcointalk
794.
Post 6428384 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Yeah, but I prefer CCMF stuff here!
Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.
795.
Post 6428422 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Yeah, but I prefer CCMF stuff here!
Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.
Maybe I should put some flying trains around and big red letters and start my own FUD...
Fear of what? Alien abduction?
796.
Post 6428499 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Hahaha @ Much Moon Coming Soon!
797.
Post 6428606 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over? - $800 maybe
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now? - $50
Those numbers lie very far apart.
798.
Post 6428650 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over?
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?
Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.
I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.
Steal your wealth?
799.
Post 6428789 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Did anything ever happen with the bet between rpietila and windjc???
It didn't happen as far as I'm aware.
800.
Post 6429046 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.
I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.
Not that every person here uses the almighty USD, here is a calculator to show how much we/you are losing each year.
http://www.dollartimes.com/calculators/inflation.htmEdit:
$10.00 in 1914 had the same buying power as $233.05 in 2014.
Annual inflation over this period was 3.20%.
Going to that website and playing with the numbers for half an hour should be a mandatory class in high school.
801.
Post 6429290 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
$10.00 in 1914 had the same buying power as $233.05 in 2014.
Annual inflation over this period was 3.20%.
10 BTC on February 1, 2014 had the same buying power as 18.31 BTC on April 27, 2014.
Annual inflation over this period was 1246.66%.
Small piece of advice: Pick a longer time frame than 3 seconds.
802.
Post 6429418 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Small piece of advice: Pick a longer time frame than 3 seconds.
Good advice begs good advice in return: if you intend to invest in Bitcoin, be sure to do that before October 2013.
Or today
803.
Post 6429431 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
I cant imagine the butthurt from the people who bought all along the way down and are still holding
If you bought every week from 1000$ to 450$ today, your average cost per bitcoin should be around 640$ so you are down 30% and you need a 40% increase in price to be even
Your average cost is going down right now
If you bought at the dips, but lets think of the bulls (the ones who cry CCMF, with every bull-trap) who buy when there is somewhat of a price increase, your average cost per bitcoin would be around 800$
I fit the buying all the way down scenario fairly well. I began buying at about $1,200 b/c I got my first 1.24 BTC through Localbitcoins.com in the end of November 2013.
Mostly, ever since, I have been buying on the way down - even though i missed a few buying opportunities here and there to buy more when the price was lower and to refrain from buying when the price was higher.
Today my average buy-in price (including fees) is a little less than $605. I am on the edge of buying a little bit more - yet I am thinking we may get down to $420, the way this seems to be going.... not sure when to pull the trigger on the next buy, exactly.
If I panic sold today, I would be about 28% down (including fees).
not a good idea...
What's NOT a good idea? What are you doing and have you done regarding your BTC investment long term and/or short term?
breaking rule #1: buying into a losing position
Averaging down is how value investors establish positions. If you have a rule against averaging down ... ..... erm ... wow? :|
804.
Post 6430446 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
?
It's still 28 days left
If you're so lit up on risto that you quote him, I would assume you would read the bet conditions
on another note: pulled my $425 order
Not sure where this is going to be honest
still sub 400 would surprise me
Then why pull the order? Doesn't make rational sense. Remember the balls of steel thread?
805.
Post 6431440 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
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).
wow! stamp at 425!
Ladies and Gentlemen, We Have a Loser!
Congratulations to rpietila!
Here's your trophy
He will likely still tie the bet (that was never confirmed)
806.
Post 6431670 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Yeah, because Bitcoin is sooooooo static.
By next summer the bitcoin-eco system is going to be 10x what it is today. There are so many big projects being worked on right now. I truely believe we will have a "killer app" or two by then amongst other innovations.
The price won't be $500. And no one will be complaining.
Let's see, if 2014 can do what 2013 did then we will be at 100k a BTC next November.
10-->1000
1000-->100000
Math's right, yes?
I wish I had another $500k to invest in bitcoin right now.
This next leg up is going to be epic. Hopefully we bounce around for another week or so before it breaks out.
Burn the bear! Burn the bear! (LOL
)
i'm really curious on what happend to this windjc that I knew of
What has made you gone so bearish?
He was overly enthusiastic and now he's overly pessimistic. One day our little grasshopper will learn
807.
Post 6437240 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
But why would anybody offer you 7:1 if you run up to them screaming that your bet is a guaranteed winner? You didn't ask for 7:1, you asked for "significantly better than 1:1." Well, what does that mean? I would call 4:1 significantly better,
I would call 3:2 significantly better than 1:1
808.
Post 6438014 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Okay, could you explain the origin of the red line?
809.
Post 6438122 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
As I saw it, I'm smoking Romeo y Julieta Petit Churchills, have a 27" Mac screen on mahogany table, solid silver ashtray, same shoes as in the picture, and thinking of the next (III) Supernode meeting in Malla in June. So, it is kind of affirmative, don't you think?
Just try to keep out of the nuthouse this time though :-)
It is a secret, but I tell you just this one time: the nuthouse is a place for dissidents, people are taken by the police and thrown there without due process, no chance to appeal. They are force-fed drugs that take months for your system to get rid of. This kind of condition is unpleasant as such, and very unfitting for a person with thousands of bitcoins, some of them belonging to others. Finland has this kind of shameful practice, Estonia does not (at least not towards foreign businessmen that are causing no harm to anyone).
If possible, let's leave this aspect for now. There are other forums for it.
All very good reasons to stay out of it. The hospital is a similar place (the easiest way to get sick is visiting a hospital)
810.
Post 6438236 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
Thanks, I commented in the appropriate thread
811.
Post 6476703 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.41h):
6500 pages, bullishit?
^^That's more like it
812.
Post 6489797 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
yer cause the FBI is going to drop a market sell on Stamp
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
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.
If it's a fair and open auction I think it's very plausible they'll change hands above market price. This gets more likely the bigger the buyers (and less likely the smaller the buyers). I'm curious whether there will be an opportunity for arbitration.
813.
Post 6490083 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
yer cause the FBI is going to drop a market sell on Stamp
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
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.
Government auctions are tricky. For example I own a couple of lots in a small New Mexico development. I checked the tax rolls and discovered that most of the neighboring lots were auctioned off for back taxes. The auction price was about
10 percent of the market price. I asked several times to be put on the list for the next auction and I was never notified. The people that participate in these auctions have inside connections and the "contraband" gets too often sold at substantially lower than market rates. It's part corruption and part incompetence.
Let's just ask the thread: Has anyone attempted to buy the FBI coins or inquired as to how and where they could be purchased? The Feds claim they've already sold over 3 Million dollars worth. The whom? does anybody know?
This is very very bad. Almost as bad as that police corps in the US get to keep money they confiscate. Conflict of interest anyone?
Seriously, after so many years of witnessing this complete stupidity I never really got so used to it to consider it normal.
814.
Post 6490287 (copy this link) (by wachtwoord) (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.
It was for the whole state, not just that one development. Per capita, many more people are interested in buying real estate than in buying cryptocurrencies.
Sure, but the fungability and sellability of real-estate are far smaller. Finding a buyer for a Bitcoin is far easier than for some specific house/farm/land w/e.
815.
Post 6532272 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain
100 years? The protocol will surely be broken by then unless there are major code changes to update the wallet encryption algorithm, etc. I would be suprised if it even lasts 20 years.
The things you state under unless are almost guaranteed to happen.
816.
Post 6532331 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
While you guys are arguing on here, there is some very important discussions going on at our sister site: The BTC-e trollbox
Okay, and given the 4% gay rate, does this imply Bitcoin goes up, down or sideways?
817.
Post 6536489 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
Without compulsive disorders this thread would never have reached this size (and this isn't even the first incarnation).
818.
Post 6538892 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
Have you considered throwing dice for your predictions?
Could not find my dice, had to draw lines instead.
I love to help you optimize your analysis capabilities:
http://www.random.org/dice/Now you can stop drawing silly lines.
819.
Post 6553504 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
Besides , you shoudn't take this board as a model of how the market feels. I doubt that more than 10% of the top 10 traders and holders of BTC use this forum frequently.
How times have changed.
820.
Post 6554408 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
What? LOL!! Is that some kind of an alien language translation?
chinas ban is old newsOld news but can you see where we are now? Is the price now higher than $1200? LOL!
And still, where is answer to my forst question?Do you mean "first" question? Your first question is "any clues ?"
I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!
Now you're in trouble.. hahaha
Behold my wisdom you dork
Say bye to you 0.1btc
The guy said price, not price range.
Also, way to appreciate an offer for a free gamble. I would have just taken it.
821.
Post 6554989 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.42h):
I know that this is your favorite stuff , about bitcoin "cultist" , but shouldn't a mod know that it has already been posted 10 times in this thread?
Everything ever has been posted in this thread at least 10 times. This is the greatest database known to man.
822.
Post 6580976 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.43h):
nope its back above 430 all is well again!!
Please stop this, its boring to watch every single move.
We all have and can read charts ... get a life my friend
This is literally his thread.
Adam is on topic!
823.
Post 6589590 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.43h):
great things are coming with ripple, why you guys are still in denial ?
Ripple is completely irrelevant to this community. It is a centralized system - nothing to do with cryptocurrencies. It is like saying "great things are coming with Google" - so what?
Ripple is not centralized like many others you still fail to get what it is.
This is totally relevant to this community since it will leverage lower transaction fees, instant money trade ...etc
Ripple is far more powerful than bitcoin whatever you say, A first bank, Fidor, has adopted ripple and it's just the beginning...
It is centralized. He's exactly right.
824.
Post 6631816 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.43h):
Interesting things are happening on bitstamp. Price managed to deny every downwards trendline I am able to draw.
Bull market, here we are again!
whats more, is those trend lines are turning into support.
How about you guys try using the logarithmic chart.
you mean this triangle that's about to break out in the direction from which it came?
normal scale charts are equally significant as log charts. they each give strong signals.
Didn't that triangle break downwards in March?
825.
Post 6635939 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.43h):
Hi,
I don`t know if this has already been discussed in this huge thread, but I could not find it.
I am currently reading the amended filling for the Winklevoss BTC ETF, but I`m not done yet and not that familiar with US investment law so maybe it`s faster to ask here...
(filling is linked in here
http://www.coindesk.com/winklevoss-twins-plan-nasdaq-listing-for-bitcoin-etf-in-new-sec-filing/).
1. I remember the concept of "baskets" that the Trust creates from the Gold ETF GLD. The "authorized participants" who could create baskets and then sell shares of the ETF to retail customers were big banks, if I remember correctly. Has anyone here an idea who those "authorized participants" could be with the Winklevoss ETF?
2. I am wondering how a pretty liquid instrument (= NASDAQ listed ETF) is supposed to handle the very thin underlying market (=Bitcoin) and where (=what exchange?). Say some investor pushes a button and purchases ETF shares for 100.000 USD, which is pretty much nothing, for the current live NAV. How does the ETF manage to get enough BTC
at the same price? What`s wrong with my thought that you would buy the ETF for a BTC price equivalent of say 450 USD/BTC and your purchase drives the price to let`s say 465 USD/BTC, just because of the lag of the ETF buying those BTC?
Thx
The same as the gold ETF. Regular investors can only buy and sell funded shares. Only special accounts can create new baskets by supplying the Bitcoin themselves. Similarly they can redeem baskets and get the Bitcoins.
826.
Post 6650519 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.44h):
Probably the best way to predict how the Japanese court would evaluate the value of the bitcoins would be to use some Japanese precedent, rather than American precedent.
Yet if the precedent is unclear, and the calculation of value would cause inequitable results, then stakeholders can propose other value calculating methodologies. Certainly a lot of stakeholders would like to receive their value from GOX in whatever asset that it was held. So if they had bitcoins in GOX, then they should get bitcoin back. If they held fiat in GOX, then they should get fiat back... and the ratio of how much they get back would depend upon the total solvency of GOX. A liquidation would likely get them less than 20% of their holdings; however, a rehabilitation would have the potential of recovering a higher percentage, over time (even though possibly the initial payoff amount may be low with a rehab).
Personally, to me, it does NOT make any sense to pay off stakeholders in any other currency (or asset) other than what they were holding or to attempt to value it in any way - b/c some stakeholders were choosing (on their own - maybe somewhat coerced on the circumstances) to trade btc and fiat.
It doesn't make much sense to me either, but this is the law in many countries.
827.
Post 6695260 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.44h):
I think he really means the use case of Ripple as a platform for BTC trades, and not specifically XRP as an asset.
Yes, absolutely, more and more bitcoin exchanges are becoming gateways on the ripple network, the next one will be kraken and probably Itbit.
I think Ripple will be a major improvement for bitcoin because it will allow nice arbitrage and faster way to send and receive bitcoin.
Dude, can you also make a post without Ripple? If people didn't hate Ripple already (due to the centralized get rich fast screen by the corporation behind XRP and the Ripple network) you're constant nagging would make them hate it.
828.
Post 6745053 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.44h):
Cool, I've seen many web shops use them.
829.
Post 6761805 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.44h):
My new view of the market:
I wouldn't be suprised to see flat for an entire year.
Even permabears are drawing uptrends again!
830.
Post 6762294 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.44h):
Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.
No it was based on all your other posts. This post was actually bullish. That is what made me take note. Someone, who thus far was predicting the end of the world as we know it, switching to an (exponential) uptrend. I thought that was worthy to be mentioned
831.
Post 6762513 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.
No it was based on all your other posts. This post was actually bullish. That is what made me take note. Someone, who thus far was predicting the end of the world as we know it, switching to an (exponential) uptrend. I thought that was worthy to be mentioned
Predicting that a short term dip will occur but then rebound all the way back up and then reach new highs is 'the end of the world'. #bitcointhings
If the above is your opinion I retract my post. I certainly haven't read all your post but always got the impression you were just outright negative concerning the future (short term or long) of Bitcoin. (The fact that I didn't like the vast majority of your arguments can't have helped either). Therefore your username was labeled permabear in my head for quite a while.
832.
Post 6781894 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
beware, last time volume was this low was March 15
I remember September 18th
833.
Post 6835884 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
ccmf?
"Choo choo motherfucker"
834.
Post 6835992 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
This will probably be the Big move. I have just filled up another round of short positions.
Short? Is that a typo?
835.
Post 6836670 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
So, panic buying once $475 is broken?
I have the finger pointed on the red button personally. Jumping in @ 480.
So you're in?
836.
Post 6836963 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Chinese Secret Services put Huobi down, BTC-E is the next.
Was that part of the Chinese-Russian negotiations? And they thought they were talking about a gas deal and collaboration between their armies
837.
Post 6837385 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
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.
Heh, quote all you like, boy.
I've been telling that the price will fall more since December, after I sold.
At that time you were using another account, right ?
Exactly, I have used 2 accounts before this account.
Wow, people must get sick of you quickly if you need to switch accounts that often.
838.
Post 6837491 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
so, I live under a rock and I am lazy as hell
can someone tell me what just happened?
Long term triangle broke to the upside:
839.
Post 6837515 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
so, I live under a rock and I am lazy as hell
can someone tell me what just happened?
Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.
One at a time.
That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)
840.
Post 6837593 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Better graph of the breakout:
841.
Post 6838163 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Bitstamp flies exactly to $500, Huboi flies exactly to 3000 CNY. Yes people love pretty round numbers.
842.
Post 6838297 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
This is it. I'm shorting.
May be you should reconsider
843.
Post 6838469 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Artificial raising prices, all the same as MtGox.
OMG, I lol'd. Thank you.
I always thought bears were cute, but a little dumb.
And people claim animals have no emotions
844.
Post 6838519 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Wow. WE WILL NEVER SEE 400s EVER AGAIN !
We're in the 400s right now!
But Canadians have all that internet money, right?
845.
Post 6838547 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
We are witnessing the exodus of coins from chinese exchanges before they finally get shut down for good.
*edit*
Fueled by foreigners who cannot withdraw fiat because they do not have chinese bank accounts.
Glad to witness some insight in this wretched place.
This wretched place has no walls.
846.
Post 6838619 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Which exchange led it?
Stamp
847.
Post 6844285 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Chessnut where are you..its time to float
edit: Gloat
848.
Post 6850631 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
You mean the rally was caused by this post of mine:
Did you finally buy a bitcoin? No? Then you had
nothing to do with the rally.
Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies, and if he just saves one person or a few people from investing in BTC, then he has accomplished his objective - total bullshit, but what can one do? probably we have to accept his to some extent.... or tolerate..... NOT like we can get him banned - and he is pleasant enough, even though he can be a little annoying at times with his whimsical and outlandish theories.
Please don't try to ban people that are civil.
849.
Post 6862275 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Guess what: most intelligent people understand that government and public services are a good thing, and that taxes are necessary to have them.
That's condescending as fuck. You're trying to imply that, agreeing with public services and charging taxes to fund them, is a prerequisite for being intelligent. That's absolute and utter bullshit.
BTW people please don't think he represents academics in general. I'm one and I take great offense.
850.
Post 6862455 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.45h):
Guess what: most intelligent people understand that government and public services are a good thing, and that taxes are necessary to have them.
Most intelligent people 300 years ago thought people could be owned, leeches were medicine, and that outer space was filled with ether. The logical fallacy you are making is called
http://en.wikipedia.org/wiki/Argumentum_ad_populum.
Something which an academic should know. Especially one paid with public money.
851.
Post 6870899 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Guess what: most intelligent people understand that government and public services are a good thing, and that taxes are necessary to have them.
That's condescending as fuck. You're trying to imply that, agreeing with public services and charging taxes to fund them, is a prerequisite for being intelligent. That's absolute and utter bullshit.
BTW people please don't think he represents academics in general. I'm one and I take great offense.
Fact Check: see how Libertarian candidates do in US elections. Most people vote for the Democrats and Republicans - parties that support taxes and public services.
Second fact check: the majority of US professors are liberals.
http://www.insidehighered.com/news/2012/10/24/survey-finds-professors-already-liberal-have-moved-further-left#sthash.A8ga6kGk.dpbsThird fact check: I'm not from the US.
852.
Post 6873992 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
should i dump my ripples?
Why have you been holding those in the first place?
853.
Post 6875121 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
https://ripple.com/forum/viewtopic.php?f=1&t=6862-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
Hi Everyone,
I started working on ripple in the summer of 2011. I soon hired Arthur and David to help me. In 2012, I met Chris Larsen. He joined us about 5 months before ripple was launched. Chris, Arthur and I kept 20 billion XRP, of which 9 billion were mine. We gave the remaining 80 billion to OpenCoin.
I have given away and donated some of my 9 billion XRP to charities such as MIRI, Literacy Bridge, Give Directly, Mission Bit and others. I plan to start selling all of my remaining XRP beginning in two weeks. Because I have immense respect for the community members and want to be transparent, I’m publicly announcing this before I start. So just fyi…. xrp sales incoming.
Thanks,
Jed.
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v0.1.15
Comment:
https://keybase.io/cryptowsBcBAABCgAGBQJTfXm/AAoJED087Ujnqtv8fIYH/1JYnEkfWkx5gm+KEQk3hMFj
ePdvdDj0lWcaCw4SZIoP46IwincCdOysgaSlc4goUxz4n/sGa1pXUJQVJX8hFo+Y
nISFaEKVdXAUCWfU5TnnZmM4HTGq2KDCVchfyM3pq8BJS8RUIB/rHZ6szNdC69JU
QDWps3ykQNZXB7ct/Ss/Zt94EPYTcTinNuWLV4o2O1pnpui0JfO4fL3zjId3nEmN
AnEnt4HmPC+SRyG1qQJfruHUupMlI5aEVUbqh4yRN0TQv7eHpIXOK8RCOv4jkycJ
t3565HjA8MZ7VoqaClqx/PXlTpnNe1xzZqb/JQOAQEDRXhsk+jh1zRf5ea+sCRk=
=9Ktm
-----END PGP SIGNATURE-----
I didn't want people to wonder if this was from me or not so I signed it with my public key which can be found and verified here:
https://keybase.io/jed/key.ascsource:
https://xrptalk.org/topic/2629-selling-my-xrp/Not sure if real.
From what I've read on the previous link posted, it seems legit. Jed confirmed his identity with a transaction from his own wallet too.
$40.9M at today's price excluding slippage completely (which means he won't make anywhere near that figure). Very nice of him to announce this upfront.
854.
Post 6875744 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Where's our buddy mah?
Bankrupt.
855.
Post 6877691 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
It's so odd how many of you waited for the price to reach 500 or so to buy back in.
I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat
Yup. I'm waiting for a third daily candle to close above the 5 month downward trend line, although I'm almost 100% sure it will close above the trend line. Will start my calculated buying process on the 4th daily.
I'm only waiting because I told myself I would, and breaking your trading plan is almost always a bad decision.
So the third closes later today right?
856.
Post 6878085 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
In other news, Ripple is taking a thorough spanking and Darkcoin is going stellar (again).
Anyone know what's happening there?
Jed Mcalebd unleashing hell on ripple (selling 9Bn XRP)
https://xrptalk.org/topic/2629-selling-my-xrp/darkcoin: regular pump before it eventually fades into the abyssal alts graveyard.
LOL! There you go, biggest premine there ever was. What could ever go wrong?!?!
(referring to XRP of course)
Of course he could be evil, buy this opportunity to buy more. Then after buying publically announce his trick (which would make prices spike). And then dump into the elevated market (unannounced).
857.
Post 6880954 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
MRO
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
858.
Post 6881066 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
MRO
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
There is less than 1 million MRO and 12,8 million BTC out there. So you can add tenfold to your calculation.
There is 18.446M MRO and 21M
BTC the fact that they have not been mined yet is irrelevant as we know they're there. The whole market cap calculation in crypto land has been inherently flawed across the board. Market cap is calculated by multiplying total supply with current price.
859.
Post 6881152 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
(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.
860.
Post 6881408 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
When do you guys think the first sell-off will be?
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?
How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?
When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?
I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.
I go with $1163 of Bitstamp.
861.
Post 6881670 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
862.
Post 6882282 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Satoshi wouldn't sell... he'd give them away
I'm hoping he'll publically destroy them (send to invalid address)
863.
Post 6882342 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Satoshi wouldn't sell... he'd give them away
I'm hoping he'll publically destroy them (send to invalid address)
Why do that, when he could distribute them to the poorest people on earth?
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness
864.
Post 6882380 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
And Satoshi actually mined his crap instead of just awarding it to himself (granted there wasn't a huge difference in the early days).
There actually was. He ran his computer for a very long time, plus everyone had the opportunity to do the same (although few did).
865.
Post 6882427 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.
In my opinion there is no way to do this fairly (who will receive and who won't? There will always be an argument against it) and therefore doing so will result in the opposite effect.
The reason I jump on this so much is the damn socialistic parties in my country who can't seem to understand the difference between "fair" and "equal" and therefore think it's fair to rob people.
866.
Post 6882478 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.
They are his. So whatever he sees fit to do with them is fair.
Yes, I should yield to this, really. I'm still very disappointed if he does what freebit suggests.
867.
Post 6882709 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
I'm putting what will be the future. Bitstamp adopted it, Fidor Bank adopted it, soon Kraken and Itbit and people are still doubting there is something interesting behind ripple ?
It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Tell that to the Ripple founder, Jed McCaleb who just decided to SELL SELL SELL.
Shit. The only credible competitor to Bitcoin. Just up and died.
RIP
pleThe whatnow? Competitor of Bitcoin? Credible? I think you're confused
868.
Post 6882973 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
China bans just on June 31th.
Only then?
869.
Post 6883163 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
I would be breaking my promise if I were to say more than that while this is reasonable if you accept the precedent of the implied discounting curve derived from bitcoin's historical price series, I have two counter-arguments, (1) that the bitcoin discounting curve was extreme because crypto itself was much less well-proven as a concept and technology -- the threats which btc defeated are unlikely to arise again, and (2) that the bitcoin discounting curve was very long because adoption ground had not been broken, while the mro adoption phase, if it manifests at all, will almost certainly be much, much shorter. Therefore, I will have to defer any calculations based on re-parameterizing the discount curve to the MRO thread, where it belongs.
Fair enough, but this is the best valuation technique I have available to altcoins.
Disclosure: I have no investments in any altcoin right now. I've held (smallish positions) in LTC and PPC before which I both sold near their peak (which is always luck for a large part).
870.
Post 6883228 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Let's find out whether someone really wants to sell over 1500 BTC @ $530
871.
Post 6884575 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
We're back in the situation where it's a joy to wake up the morning to see how the price increased again.
872.
Post 6885081 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Has China banned Bitcoin this week yet?
I heard China banned Windows 8 this week
if this is true, it's a real blessing to the Chinese people.
I hate 8
Damn right. Only recently I became a Mac user. I still keep a PC with Vista running but I will never move to Windows-NSA-spyware-8.
Seriously? How is Apple different from Microsoft with regards to the NSA?
Not at all. Two peas in a pod.
873.
Post 6891481 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
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.
874.
Post 6926105 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
yes, waking up is a lot more exciting again than it used to be
875.
Post 6926501 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Great to reiterate the graph at the top of the page
876.
Post 6926742 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
huge dumps :<
Yes, very big one. I guess someone liked this price and doesn't understand continuous selling.
877.
Post 6927514 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
almost 3 k btc dumped and price is still north of 560
c c m f
Wait till the whale buys back in..
Haha, the same one, at $75,000 loss
878.
Post 6927794 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
3600 CNY was the price on March 26, just before Caixin leaked the PBoC's "strenghtening" directive.
It is as if that directive did not exist. Perhaps the end of leveraged trading and other monkey business compensated the new hurdles for moving CNY into the exchanges?
Newsflash: it didn't matter.
879.
Post 6927921 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Learn to sell and take profit during an uptrend, the train isn't going to the moon so soon, there will be a deep correction soon.
Learn bitcoin. The train IS going to the moon ($5000-$6000 in this case most likely). ...
Trains don't go to the moon. No tracks, weird gravity, other stuff. I'm super serious.
Okay, attack the metaphor ...
880.
Post 6928006 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Learn to sell and take profit during an uptrend, the train isn't going to the moon so soon, there will be a deep correction soon.
Learn bitcoin. The train IS going to the moon ($5000-$6000 in this case most likely). ...
Trains don't go to the moon. No tracks, weird gravity, other stuff. I'm super serious.
Okay, attack the metaphor ...
Take the train by the horns and block that metaphor!!1
Trains don't have horns!
881.
Post 6928195 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
@wachtwoord: All moon-bound train have horns. Some that honk, and some that poke loocomodors. (a popular sport pitting a man with a red cape against a furious locomotive)
You're thinking old fashioned earthbound trains.
"On the anatomy of non-Earth-bound trains" by NotLambchop, 2014
882.
Post 6929296 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Learn to sell and take profit during an uptrend, the train isn't going to the moon so soon, there will be a deep correction soon.
Learn bitcoin. The train IS going to the moon ($5000-$6000 in this case most likely). ...
Trains don't go to the moon. No tracks, weird gravity, other stuff. I'm super serious.
Where we're going, we don't need tracks.
The choo choo shoe!
https://www.youtube.com/watch?v=D9fYdkuoXkc
883.
Post 6930101 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
NEWSFLASH: Intrepid Newsweek journalist tracks down definitive proof that reveals that the identity of Satoshi Nakamoto might be none other than obscure South American academic, Professor Jorge Stolfi.
Darn. I knew that I should have removed those double spaces after punctuation.
It is time to reveal where the fundamental idea of bitcoin mining was born:
http://dl.acm.org/citation.cfm?id=990536http://en.wikipedia.org/wiki/Simplexity So disappointing
884.
Post 6930719 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Nothing in the altcoin world can surprise me really. I mean wasnt auroracoin like 50$ a piece some time ago?
yes, such an obvious bubble.
885.
Post 6930939 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Nothing in the altcoin world can surprise me really. I mean wasnt auroracoin like 50$ a piece some time ago?
yes, such an obvious bubble.
AUR opened at about 0.1BTC in March and went steadily down, it was an ambitious experiment that failed.
Do you guys ever actually look at what is going on elsewhere (sometimes I think this thread is the crypto equivalent of a knitting circle)
Pre-mine.
886.
Post 6931020 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?
Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?
yes, remind me about it in few weeks ok ?
I am holding my 1k ripples just in case mah 87 is a prophet.
Wow, he still has followers. It's kind of like lemmings.
887.
Post 6931134 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Nothing in the altcoin world can surprise me really. I mean wasnt auroracoin like 50$ a piece some time ago?
yes, such an obvious bubble.
AUR opened at about 0.1BTC in March and went steadily down, it was an ambitious experiment that failed.
Do you guys ever actually look at what is going on elsewhere (sometimes I think this thread is the crypto equivalent of a knitting circle)
Pre-mine.
And?
The guy airdropped them to members of the Icelandic public (who immediately sold them)...not a great strategy but as I said a bold experiment. Who knows the impact it will have made on cryptos overall profile.
At least the dev was doing something positive and ingenious.
Remember, knit one, pearl one.
There's no coming back from a pre-mine for me. No way at all.
888.
Post 6932582 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.46h):
Re the Willy report: Is this the moment in the animated cartoon when the guy is about to realize that he has stepped off the cliff and has been standing on thin air for a while?
yes but this is Bitcoin, so it might be that the lie bootstrapped us to a higher price. I'm not sure though. I'm also not sure whether the report is factual (I just read it completely and it seemed coherent).
889.
Post 6933094 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Thank you Mark karpales, for bootstrapping Bitcoin price to the middle 3-digit level it is today!
890.
Post 6934414 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
It seems BTC-E is keeping up nicely. It's even gaining on Bitstamp.
Maybe because Huboi and OKCoin caught up with Stamp?
891.
Post 6934568 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Ask side is looking evil.
Yes very steep.
892.
Post 6935198 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
What do you guys think about the whole "willy" thing? What happens after the revelations?
Interesting choice of name
893.
Post 6935355 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Amazing how people instantly panic and sell because someone puts up a wall.
They sell because they think others will sell, it's the meta
Hence the purpose of walls.
894.
Post 6936487 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
And the wall got moved back.
895.
Post 6936608 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Want to buy $90 put options?
896.
Post 6937128 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
So today is the official end of bubble day. And this is being declared on the basis of one posting on the internet. Quel dommage. Let's reevaluate at the end of the season.
Because without manipulation and fake trading bubbles are completely impossible of course ....
897.
Post 6937679 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
No wonder btc is going up I just got an email from Devin Wenig begging me to change my password and he told me that he does not know if Paypal is affected with this wtf?
What?
898.
Post 6937762 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.
lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum
You wanna do the bet with a "e-handshake?" If so, I will gladly say YES.
Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.
And I can just hope you are as true to your word.
Witnessed
899.
Post 6939652 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
so is it time for that correction soon? i need to get in. money still wont be at bitstamp until tuesday, so im hoping nothing too crazy happens before then. one step at a time, bitcoin....
If you would have stayed invested you wouldn't be in such a rush now.
900.
Post 6939693 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
so is it time for that correction soon? i need to get in. money still wont be at bitstamp until tuesday, so im hoping nothing too crazy happens before then. one step at a time, bitcoin....
If you would have stayed invested you wouldn't be in such a rush now.
when did i say that i sold anything? i was waiting for what looked like a reversal to send new money.... didnt think it would take off this quickly....
You had months ...
901.
Post 6939863 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
when did i say that i sold anything? i was waiting for what looked like a reversal to send new money.... didnt think it would take off this quickly....
You had months ...
I'm with Ace. Don't leave bitcoin/fiat sitting on an exchange for months. You're just asking to get Goxxed.
No, you have had months to buy Bitcoin and withdraw them to your own wallet.
902.
Post 6940292 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
oh crap, here we go again.
Can't you guys just relax a bit?
I don't get paid until the first of the month
The wall is down!
903.
Post 6940307 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
This is too fucking fast...
What's going on?
People want Bitcoin. I don't think it's Mark this time
904.
Post 6940320 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Next stop $630!
905.
Post 6940374 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
This is too fucking fast...
What's going on?
The walls getting eatin' alive
I don't care if the fucking roof get's eaten alive
If we go thru 600 steadily we are going too fucking fast
Look, I'm 100% btc but this is just crazy
My dad needs to get his money in though(guy was to stuck up his own ass when price was 430)
He'll have to catch the next train.
906.
Post 6940775 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Who in the living fuck is dumping right now. LMFAO.
Someone who needs liquidity?
907.
Post 6946439 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
What happened at Huboi 2 hours ago?
908.
Post 6946949 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
You only need an extremely rough estimate of future value to make this a good investment as long as the estimate is several orders of magnitude above the current price.
The collective mind of the market obviously does not believe in that...
lol @ perfect market theory. There are endless examples of why that theory is as flawed as can be. The market is retarded (every market is, shallow markets more than others) and there lies the opportunity to buy assets for less than they're worth.
909.
Post 6947015 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
@Jorge
I'm curious. You're an academic, and a scientist, I believe. So any theory you hold must be falsifiable in order to be viewed as credible.
Under what criteria would you entertain the idea that you might be wrong about bitcoin, or cryptocurrency in general?
I answered this some 6,223,678,221 pages ago on this thread. "Success" will be when bitcoin (or crypto) gets used by a large number of people because it is cheaper/faster/safer/easier/whatever than the alternatives. Not because one has a BTC stash to burn, not to support the cause, not to evade taxes or make illegal payments, not because it is hip, not to speculate with, not out of curiosity, etc.
Offline key/address generation and asymmetric crypto-signing of "digital checks" are undeniable wins that I am sure will be widely adopted eventually. As for the rest of the bitcoin protocol, and the Satoshi blockchain in particular, I am more skeptical than ever.
What's notable is that Trolfi
admitted he couldn't be argued out of his position, so
only empirical evidence will convince him.
So taking part in discussion is no longer useful for him. He needs to sit back and wait.
910.
Post 6947706 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
You only need an extremely rough estimate of future value to make this a good investment as long as the estimate is several orders of magnitude above the current price.
The collective mind of the market obviously does not believe in that...
lol @ perfect market theory. There are endless examples of why that theory is as flawed as can be. The market is retarded (every market is, shallow markets more than others) and there lies the opportunity to buy assets for less than they're worth.
The reason that BTC is so cheap and progresses so slowly is that people are only exponentially "getting it". As long as this persists, however, it will grow exponentially, and unless you can't wait for 2 years to see the results, then ....
...you should ANYWAY buy all the bitcoins you can, because historically it has been the best investment in all timescales.
But short term there are timescales in which you'll lose money. This is where patience comes in. If you don't have patience for Bitcoin, good luck with any other investment ever.
911.
Post 6947795 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
What's notable is that Trolfi admitted he couldn't be argued out of his position, so only empirical evidence will convince him.
The original poster asked what I would consider proof of success. Obviously that can only be empirical.
Logic can only change someone's
expectations of success. I could be argued out of my position, but I see big flaws in the supporter's arguments (like "the price will go to the moon because the supply is limited") which they refuse to acknowledge. Why should I change my expectations then?
Growing demand + limited supply = growing prices
Extremely rapid deman growth + limited supply = extremely rapid price expansion
912.
Post 6948702 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
The reason that BTC is so cheap and progresses so slowly is that people are only exponentially "getting it".
Well, from December to April, especially from February, the Chinese were exponentially "un-getting it"; and that was swamping any growth outside China. (They may have started "getting it" again now, we'll see...)
This post alone clearly shows you don't get it at all
913.
Post 6949437 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
However, by that measure bitcoin has already achieved success. The bitcoin network currently mediates between 50 and 60 thousand transactions every day, transferring an estimated 70 million USD every day.
As far as bootstrapped nascent currency experiments go, bitcoin should certainly fulfill many criteria for "success" already.
Curioulsy the number of transactions per day and their total BTC volume have increased very little, or not at all, since September last year. So, either commercial e-payments are a small fraction of those numbers, or they are not increasing (and their USD volume is actually decreasing, since the BTC price has fallen considerably in that period).
The number of transactions increases in waves similar to the price function. Also many transactions are now being done off the blockchain. I use coinbase app on my phone and when I go to the bar in my area they use coinbase merchant. That transaction is never shown on the blockchain.
Plus the price has not decreased since September.
914.
Post 6949531 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
However, by that measure bitcoin has already achieved success. The bitcoin network currently mediates between 50 and 60 thousand transactions every day, transferring an estimated 70 million USD every day.
As far as bootstrapped nascent currency experiments go, bitcoin should certainly fulfill many criteria for "success" already.
Curioulsy the number of transactions per day and their total BTC volume have increased very little, or not at all, since September last year. So, either commercial e-payments are a small fraction of those numbers, or they are not increasing (and their USD volume is actually decreasing, since the BTC price has fallen considerably in that period).
The number of transactions increases in waves similar to the price function. Also many transactions are now being done off the blockchain. I use coinbase app on my phone and when I go to the bar in my area they use coinbase merchant. That transaction is never shown on the blockchain.
Plus the price has not decreased since September.
Jorge, maybe check out this thread regarding transactions and distribution off balances correlated to price (the creation of zero balances implies transactions and spending).
https://bitcointalk.org/index.php?topic=441336.0
915.
Post 6950208 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
willy 2
willy 3
willy 4.....
Free willy!
916.
Post 6950279 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Does the increase in transactions perfectly motivate price increase? Maybe not. Or at least, it's an open question (see gbianchi's model, for example)
Does the no. of transactions rise very obviously in an exponential fashion? You'd have to be pretty biased to deny that.
And there it is, one of the "fundamental reasons" for price growth you keep looking for.
I think you have to be pretty blind to deny that
917.
Post 6952606 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Not for me but cool. Thanks for posting!
918.
Post 6953335 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
bitcoin pump is stopped !
Why ?
Willy bot is broken ?
willy bot is uncovered ?
I think we need a week to reload and then we will be around $700 for some time
Someone just start that damn bot up again for crying out loud
919.
Post 6954156 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
aw man, even more noobs who will use the dreaded 'bits' instead of ubits.
There are worse problems.
Yes, although I agree the term is illogical.
920.
Post 6955630 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Very unexpected turn of events @DRK coin
Literally no one saw that coming.
Anyone care to explain in a nutshell so I don't have to go and look it up?
The price crashed 25% today.
921.
Post 6955679 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Seriously? They had a fork?
922.
Post 6955732 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Seriously? They had a fork?
Yes because of the master nodes apparently.
The asymmetric design was always a considerable weakness.
923.
Post 6955869 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
To move back on topic: the walls in Bitcoin lap keep growing 3.5k BTC to $615 now
924.
Post 6957138 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Off-topic: DRK suspended at Polo - forked / f***ed.
Anther one bites the dust? Still on sale at a quarter of today's price at Cryptsy, but a bit of a lead balloon right now.
Just bid a 10 satoshi for a few in case it survives
A tough time to be an altcoin investor. Hopefully it will all flow into Bitcoin.
925.
Post 6957226 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
I think it should be interesting to see what happens in a few hours when China wakes up.
Itt's pretty light in China already
http://www.timeanddate.com/worldclock/sunearth.html
926.
Post 6957810 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
not much has happened today, but i think everyone's still on edge.
it's like it's Sunday. Maybe because of memorial day.
927.
Post 6959123 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Church what time tomorrow..?
Past noon at least. We are Bitcoiners!
928.
Post 6960162 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
I am in BTC long, but I have sold some in the past. It is just as hard to sell at the top as it is to buy at the bottom...
I don't attempt to do either.
929.
Post 6960267 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
I think its gonna get ugly this week
Don't be so negative
930.
Post 6960346 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Wow! 22% of people in the poll think that we are going to be at $800 by June 1st? There is some serious optimism going around... I like it
That poll was opened long ago (a week? two weeks? polls should be dated too...)
Whats your prediction prof "DOOM" ??
"With respect" Or are you like most academics who just like to get tenure and then do nothing in life and just waffle on about a lot of crap that can never be pinned down
i.e Whats your trading advice for the next 2 weeks ?
Two men go sailing on a balloon, get caught in a dense fog and realize they had no GPS or instruments. After drifing for hours they dare to lower the balloon enough to see the ground, and spot someone down there. They shout, "Hey you, please, we are lost, could you tell us where we are?" Several minutes later comes the answer "You are on a balloon!". One of the men says to the other, "The guy took a long time to answer, his answer was totally accurate, but also totally useless. Darn, with so many people in the world, we had to run into a mathematician!"
Back to your question, in three weeks I will have an accurate answer.
I appreciate the story/joke
931.
Post 6960632 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
I really want to see $600, but will be more than satisfied if we can reach and stay above $590 today.
Pretty high walls.
932.
Post 6960927 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
help us free willy!
buy Buy BUY!!!
Quick Turn that fucking bot back
ON ..lolz
The should named him Ralph: the wall crusher!
933.
Post 6966086 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
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?
934.
Post 6966531 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
meh, why the panic?
Markets are fickle
here, it went exactly to the first line.
935.
Post 6966642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Fenix back
From the ashes the Phoenix rises once again
936.
Post 6966678 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Damn, those fuckers are quick. Where´s Mark when you need him!
In jail yet?
937.
Post 6967057 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Just 1k BTC and we're back at 580.
938.
Post 6967169 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Just 1k BTC and we're back at 580.
Just 1k btc and we're down to 542..
1k doesn't even bring it to 550 ...
939.
Post 6967232 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Just 1k BTC and we're back at 580.
Just 1k btc and we're down to 542..
1k doesn't even bring it to 550 ...
At the time of your post it was, you being one-sided, that was my point
I was just showing we'd be right back to where we were. Hell it's 2k from 600, we haven't been that much closer for most of the time price has been around 580 (2k sell means back to 540)
940.
Post 6967589 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
uptrend still intact. If I needed to place a bet: 650 USD within 36 hours.
edit: but I don't need to, I already joined Risto's prediction game
The prediction game isn't quite that short term
941.
Post 6977335 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Everyone, chill out. Let's take a look at the bigger picture.
I think the BitFinex-related dump was a good test of the support.
The coordinates forming the trenline bottom is:
May 19th 07:00 @ $442
May 27th 02:00 @ $550
If this support holds, and barring any bogeyman event, then we should be seeing $600 as support in the next 8-9 days.
600$ in 8-9 days ? I think more like 3-4 days . Anyways should hit 600$ rly soon. And this "pump and dump" osculations are great for trading .
He says $600 as support
942.
Post 6978300 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
It's hard to keep up with his name changes. Here's his latest post:
HOOOOOOOOOOOODL!!!!!!!!!!!!!!!!111!
That sure sounds like him
943.
Post 6978906 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Lets just, ignore Jorge. Shall we? It would be such more of a blast to read through this thread without people going into an endless discussion with him. He/she/it wont ever admit anything, even at fault. So yeah, ignore? 
I think that while Jorge keeps bringing information is valid to discuss .. It may take a while, maybe a few months, but at some point people (aka Jorge, in this case) will understand the idea.
You are giving Jorge too much credit for being ignorant. Sometimes, he may be ignorant, but frequently he is purposefully being selective in the data that he presents bc he is trying to appear as if he is presenting matters objectively and unbiased when in fact he is engaging in salesmanship.
In the end even Proudhon was converted, maybe Jorge will too some day. First he needs a bear song though.
https://www.youtube.com/watch?v=A7TuFy0fcuw
944.
Post 6979378 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
i remember hearing last year that the Thai government, or maybe it was the central bank came out against bitcoin? was there any real legislation or regulation? maybe i am remembering wrong.
My understanding was that Thailand was hostile to bitcoin last year; however, within the last few weeks, they have given the green light to bitcoin exchanges. Of course, currently there is a lot of governmental turmoil in Thailand - yet the current status seems to be a green light for BTC in Thailand.
The military has taken over for now. Not sure what they think of Bitcoin.
945.
Post 6982436 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
so i'm wondering. it seems many are expecting the next bubble rally to take off shortly... next couple weeks or months. and i am not saying that it'll happen or it won't. but i wonder, for those of you that expect this to come soon... what kind of price movement would dissuade you? what support level, or support trend line, would it take for you to revise your prediction, if broken?
0 or lower
That was exactly what I thought. At zero can i have dibs?
946.
Post 6988961 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Please, everyone, stop telling us who you're ignoring by quoting them.
They feel its important to tell everyone as they think everyone apparently cares.
Pump and dump.
Before we could see who was ignored by the color of their ignore button. For some reason this feature was removed
947.
Post 6989682 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.47h):
Why are you guys arguing with a fake Jorge account, if I may ask?
I mean, arguing with the
real Jorge is frustrating enough
Standing on an inclined plane
948.
Post 6994821 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
price will never go below 570 again.
It was below 570 less than an hour ago
949.
Post 6995082 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
price will never go below 570 again.
It was below 570 less than an hour ago
never again.
Want to bet? I say lower than 570 within a year versus you say not lower than 570 within a year (on Bitstamp). If I'm right you send me 0.5 BTC if you're right I send you the equivalent of $285 in Bitcoin on 28/5/2015
This offer is valid for 10 minutes
950.
Post 6995171 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
price will never go below 570 again.
It was below 570 less than an hour ago
never again.
Want to bet? I say lower than 570 within a year versus you say not lower than 570 within a year (on Bitstamp). If I'm right you send me 0.5 BTC if you're right I send you the equivalent of $285 in Bitcoin on 28/5/2015
This offer is valid for 10 minutes
i prefer not to gamble and just buy and hodl
Perfectly okay (and expected
)
951.
Post 6995878 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Hey guys, what happen if we hit 50k+ per coin. Does the mining fees still stand at 0.0001 btc or does it get lowered during time?
It's getting lowered all the time.
In the end the miners will decide the prices in the open market
952.
Post 6996135 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Well, someone will start arbitraging if the delta with stamp becomes too large.
953.
Post 6996287 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
By the way, last week we went up in the weekend and stayed flat during the week. That's different
954.
Post 6997510 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
$20 difference from btce to stamp....
btce is our next mtgox?
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.
955.
Post 6997767 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Profits remain in the future?
956.
Post 6998273 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Centralization is inevitable at this point. That is one reason why I prefer an asic resistant coin where possible.
There is no such thing. Aiming for ASIC resistance is silly.
957.
Post 7000281 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Too bad you didn't want to bet
958.
Post 7000936 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Orderbook depth lookin better
Which exchange? And how far down are you looking?
Are you predicting 600 before 550?
Bitstamp. looks a bit better then yesterday atleast
Still think we might go down first though
We might just repeat the multi-week "flat" period we also saw in the last cycle.
959.
Post 7000973 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
its gonna move up, and soon, like in a few hours soon.
Did you break your piggy bank?
960.
Post 7001287 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
What is 500,000 bits anyway? So have people stopped pushing mBTC and now they want an even smaller unit? Just stick with BTC as the unit.... it's getting ridiculous.... next is nanobit? satoshi? Maybe we should schedule a unit change every 2 years....
m
BTC is logical as does every SI unit (from K
BTC all the way to u
BTC). Bits is ridiculous.
961.
Post 7001389 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Sorry Jorge I can't help myself, I just need to know why?
Because 90% of what has "bitcoin" in it
IS scams or stupid ideas. Starting with attempts to convince the unwary to buy bitcoins "because they will go to the moon" or "a hedge against inflation" etc..
For example, I already mentioned a couple of days ago that student of mine who had been offered to join some GPU-based bitcoin mining enterprise.
I have to check who is on the board of the Brazilian Bitcoin Foundation. I would almost bet that the creator of the BitcoinRain ponzi is there.
That's why you ignore all the centralized crap such as "foundations".
962.
Post 7001426 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
What is 500,000 bits anyway? So have people stopped pushing mBTC and now they want an even smaller unit? Just stick with BTC as the unit.... it's getting ridiculous.... next is nanobit? satoshi? Maybe we should schedule a unit change every 2 years....
0.5 BTC, what idiot thought of using mBTC and why? it was always going to be
bits, ever since new worlders started cutting up Spanish coins and calling them bits. Bitcoin reaches parody with the USD when 1 bit = $0.12. Until then it's just manic internet money, call it what you like, just make sure its registered on the blockchain.
Words cannot begin to describe how retarded that statement is.
963.
Post 7001490 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
What is 500,000 bits anyway? So have people stopped pushing mBTC and now they want an even smaller unit? Just stick with BTC as the unit.... it's getting ridiculous.... next is nanobit? satoshi? Maybe we should schedule a unit change every 2 years....
m
BTC is logical as does every SI unit (from K
BTC all the way to u
BTC). Bits is ridiculous.
SI is not logical to most Americans because they have never used it (although the more scientific among us, like myself, agree that it's the most logical).
Yes, luckily a large part of the population is non-American (or British). I'm sorry but this is truly a pet peeve of mine. Get educated people. This isn't even a discussion if you read what it is.
964.
Post 7001554 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
mBTC is logical as does every SI unit (from KBTC all the way to uBTC). Bits is ridiculous.
the slang for uBTC is bits, and the SI unit for 1BTC is known as a MegaBit
. if you don't like my Bits call them what you like.
Did they change the bit standard to equal 1 u
BTC? It was some other different value before ...
965.
Post 7001687 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
570?
Never again!
I'm more conservative. $50? never again!
966.
Post 7001853 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
the same entity/person/bot on bitstamp who bought to 590 is pumping again without support of huobi.
I love that bot. $600> tonight?
Would love an epic night pump! (no homo)
Willy!
967.
Post 7002207 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).
It already is. By definition.
968.
Post 7002383 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
It is a unit of account by definition. It's the unit of account of the blockchain.
I never said it was the most useful unit of account outside of that.
969.
Post 7002519 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
for now the bits are not a gr8 unit of account because the moon is far away.
Maybe bed time Adam?
970.
Post 7004642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
bids are doing the tsunami, blast off looks imminent
cant wait to give all my friends 10bits with the new FB app coming out soon.
that's less than $0.007 CAD
He's very very generous
971.
Post 7005626 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).
And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.
What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.
*emphasis mine
bitcoin was born as a unit of account, it's actually the core function. simply an open ledger of accounting (that cannot be changed, by anyone, as far as we know)
but I'm guessing that you're using the term "unit of account" to mean "global reserve currency" and in that case you're right, 10-15 years at least... I think?
I told him already. He doesn't believe me.
972.
Post 7011583 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
I present the Matroska Cup & Handle pattern:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
can there be a cup & handle inside a cup & handle ?
This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?
Very imaginative
973.
Post 7012032 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
We're moving the wrong way. Can someone please tell these people.
Someone misconfigured Willy. Someone call Mark!
974.
Post 7012689 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
You draw the super-exponential rise in September.
975.
Post 7013282 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
I present the Matroska Cup & Handle pattern:
This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?
No, we will break $1260 according to this. Around October.
Why do you consider $1260 to be the ATH and not $1163?
976.
Post 7013334 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
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
Sometimes it's nice to take your time
977.
Post 7013473 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
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
ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect
978.
Post 7013617 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
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
ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect
Reminder: An ETP will provide an inflow channel sufficient to support a second super-bubble (~100x last time)
The ETFs will be cataclysmic yes. Any ETPs expected besides the ETFs?
979.
Post 7033611 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
This is it.
980.
Post 7059277 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
Why do people erect these walls?
There's also people who simply wish to sell Bitcoins. Erecting a wall is a lot better than doing a market sell.
981.
Post 7059470 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.48h):
It's the 4th, just a matter of time. This will be eaten as well. I wonder if there will be another all after that.
The 4th @ $622?
982.
Post 7068329 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.49h):
Only 20 days left for Professor Bitcons $10 coins prediction, starting to suspect he may be wrong on that one.
Can anyone explain why we call him Bitcorn or Bitcon? Where's the connection?
Oops, typo
Hahaha, Bitcorn: a revolution in farming!
983.
Post 7068448 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.49h):
By the way Chinese exchanges (Huboi and OKCoin at least) are now significantly higher than Stamp.
984.
Post 7085858 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.49h):
Nice piece of unbiased journalism. Oh wait, no ....
985.
Post 7117995 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
here we go?
We definitely will at some point.
986.
Post 7119643 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
4th time's a charm!
987.
Post 7119784 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
RED HOT FIRE SALE!
FOR A LIMITED TIME
What ya thinkin Adam, 10-20 minute sale?
idk...
thinking more like below 680 for 4-12 hours
And past that.
988.
Post 7126935 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
Just use the original client for pocket change. Anyone is the 1st or 2nd wirld must have enough hard drive space to store the blockchain. If not, run to the store right now.
989.
Post 7127843 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
Looks like it's about to dive
not a hope!!!! im not saying that on no basis.. if you dont know why its rising then that explains your skepticism! (the main part anyway)
what would you call a dive?
LOL! your 12h candle just turned red right now... You better watch it closely
im not trading the ups and downs... got other ways to make more nxt! allot more nxt! :L (i aint close to a pro trader!)
1136 down to 1021... You just lost 10% right now
you only loose when you sell..
i gained 9000% on assets and another 40% on that gain and set for 100%+ gain in around 2-3 weeks which doubles my holdings with out day trading!
and with out risking my coins on a centralized exchange!
day trading is so yesterday! lmao
@ihaveaquestion
nxt will be the one that gains (the way nxt did in november) the way litecoin did.. not litecoin.. its had its day!
Indeed, paper losses.
990.
Post 7130539 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
I've been out of the loop for a little bit. What caused the sudden $200+ rise over the past couple of weeks?
Me.
I want so badly to put Jesus Christ on ignore, but I just can't bring myself to do it.
I recall I was faced with a similar problem at school. I resolved to refrain from ignoring him but instead chose to ignore almost everyone who quoted him.
Cool! I'm ignoring Jesus Christ now.
991.
Post 7146642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
I wonder if lending interest will go negative?
What a strange concept
Germany paid negative interest on it's bond about a year ago.
992.
Post 7146862 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.50h):
eBay announced to accept Bitcoin so many times
nothing happened
just another pump
I think that interview was pretty stunning - this is the CEO of a major global US corporate, whose business is all about buying and selling goods around the world.
Saying what he did about Bitcoin (and even that he OWNED some) was pretty bullish news.
If nothing else it means the established major players are looking to join in, not just ignore...
And the CEO has admitted holding Bitcoins personally
993.
Post 7163333 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
just sayin...
DUH!
wtf did you think was gonna happen?
So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?
A vast vast improvement over the current situation
994.
Post 7163399 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.
about 26% yearly growth, then? So far it's been rather a lot higher than that.
His range is 6%-27%. While very good for a regular investment, that is very low for Bitcoin.
995.
Post 7163444 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.
about 26% yearly growth, then? So far it's been rather a lot higher than that.
Yes it is, as a startup we had huge growth. Helped bitcoin get known to the public. I think we've (allmost) come to the point where bitcoin needs to proof it can be a trustworhy currency and a valuable asset.
Sorry - but Bitcoin doesn't give a shit
And huge growth will bring more money to market. Stability is a fair way off with such a relatively small market cap.
Yup. If we hit $5000 a coin tomorrow, it can't be bad in any way.
I think we will hit stability with 5-10k per btc ..as it wil mean we have found our place in teh IRL world
real money will pour in and remove teh ability of lone operators to fuck with us as they have in teh past
Currently 1 million or 200k leveraged can move the market ....this is totally insane compared to and DOW or Forex stock,currency
We need a 10x market cap to bring the stability that teh mainstream mercantile world needs & craves
Only 10x? Anyway, we're still bootstrapping. Wait and see
996.
Post 7163487 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
ChartBuddy - just in time. I seriously can't believe how neutral the market is this week...
It might be a while more for consolidation. Or we could move up a bit more (~$800) and consolidate there.
997.
Post 7163788 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
But, hey, if you don't believe in China, that is fine. I am just looking at the charts for fun, or the academic version thereof. I hope that China pulls out from bitcoin soon, so that we have one less thing to disagree about.
Jorge, Did you read Ladislav Kristoufek's paper yet?
http://arxiv.org/pdf/1406.0268v1.pdfAny comments?
really...you have excesss energy you need to expend against the jorgism ...good luck with that ...lolz
Maybe he can write a rebuttal and try and have it published?
998.
Post 7164154 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
999.
Post 7195210 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
I bought a lot of PPC. Everyone who feels hatred towards me, should dump all their PPC to hurt me.
Since you seem to be a troll, how could we rely upon anything that you say? For example, you may be providing misinformation.
I had my say. Now it's your turn to do whatever you think is best.
Lol, ignore it is. And I already sold my PPC for BTC when PPC peaked.
1000.
Post 7197197 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
I pity the fool who doesn't know anything about Bitcoin!
1001.
Post 7238399 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
Who'd've thunk it just a couple of years ago? I thought They wanted to go for XBT as the nomenclature though.
Is it sad I think this is one of the coolest things ever?
Yeah, I know it is ....
1002.
Post 7238679 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
Its really scaring, dont know what will happen if they touch 51% mark.
It happened in the past with different pools and nothing happened. I really thought this time was behind us. How the hell did p2pool not take off? Come on, this community should be technically competent enough ...
1003.
Post 7240140 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
Since it is FUD time, why not:
I wonder how many people here know how this pic is related to bitcoin:
Bogart Pediatric 2009 Wine Aficionado Dinner Here is another one (the URL is a spoiler):
Bogart Pediatric 2010 Wine Aficionado Dinner There are several things to worry about re this person, but one in particular that may be relevant is that, before getting interested in bitcoin, that man went into the business of acquiring and selling virtual currencies and goods in internet games, and took over the entire market.
Are you suggesting that he is going to buy all the bitcoin?
Every. Single. One.
1004.
Post 7240607 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.51h):
We are here: (56% of the last peak, 40 days till the next peak)
What are the bars? It doesn't seem like 1d or 3d are correct are they?
1005.
Post 7251171 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Is sending USD to kraken so difficult?
1006.
Post 7258731 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
this is me watching the price today
you clearly need to think about
doing something else. Cause this looks
painful!
It also looks like a one time thing though.
1007.
Post 7259451 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Well volume is up
1008.
Post 7259669 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Meanwhile China doesn't give a fuck.
1009.
Post 7260506 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
just switched to btce from stamp.
You think BTCe is more reliable?
1010.
Post 7260717 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Why is all this bitfinex swap stuff relevant? I thought the whole theory behind the current rally was that it was neither bitstamp nor huobi that was leading the rally but that it was due to offline whales accumulate huge blocks and due to commercial usage, because there is clearly not enough volume on exchanges to be supporting the rally.
It probably isn't the major cause behind the rally. But it is a significant factor. $24 million in swaps is 37,000 bitcoins (or possibly more if the cost basis for the long positions is below the market price which it probably is). And in the past, the number of USD swaps has grown faster than the Bitcoin price (eg. 2013) which means that it may continue to be a source of demand.
By contrast, the Bitcoin Investment Trust with their 105k bitcoins looks like they've really slowed down their purchases (of course that could change).
Offline whales might be accumulating large blocks, but we don't have data on that. If we did - I'd be very happy to see it!
BTC used to do 100-200K per day of volume on mtgox. The tiny volume of 10-20K per day on bitstamp during rally is pathetic and nothing in comparison to previous volume levels. Even huobi (whatever portion is real), stamp, and btce combined are nothing compared to previous combined volume levels. A $10M increase in swaps is nothing compared to an $8Bn market cap. Obvious some other force is moving the market. If I was using Stamp's volume in my technical analysis, I would not even be here - I would have abandoned bitcoin.
You are aware that the price of BTC is massively higher now than it was last year. USD volume is the only relevant metric.
No it is not. When you are trading it is the volume of the base currency that is relevant and not the volume of the quote currency.
Rubbish. If the price of a BTC has risen 50x in a year then clearly expecting the same trading volume in BTC is ridiculous.
Exactly, compare volume in purchasing power.
1011.
Post 7268218 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Bitcoin gone mainstream , relax and enjoy the ride
i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm down
Fonzie, is that you?
Is Fonzie falllling ? :-)
Fonzie is failing.
1012.
Post 7268956 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
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?
1013.
Post 7269259 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Did Bitstamp go to 620 in the past few hour? I'm having some Internet issues and can't see.
yeah
1014.
Post 7269543 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
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
If you were kidding, then I have no comment. Pure evil
Depends what a few hours is, it hasn't passed $620 for 9 hours or around 3 am GMT.
Ahh, nothing then. I had a closer time scale in mind.
Oh sorry was that what you meant. I meant today it dropped significantly in price and went lower than 620 (615 at the valley). Maybe I should have been more verbose
1015.
Post 7273243 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Expecting prices to touch 520-560 unless some unexpected mini-rally happens
Why?
1016.
Post 7273605 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Expecting prices to touch 520-560 unless some unexpected mini-rally happens
Why?
Simple, what goes up must come down.
No it doesn't.
1017.
Post 7274225 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Expecting prices to touch 520-560 unless some unexpected mini-rally happens
What are you smoking?
Just watching 1d graph + macD, 520-560 are 50% and 61% fibo levels, its most probable bottom in this situation.
The most bullish scenario is bouncing of 600, but thats very optimistic.
Bouncing of 613?
1018.
Post 7280742 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Okay, EXPE starts accepting Bitcoin. Nothing.
Some company offers to buy 30k BTC @ ~$530 and we drop? Makes sense.
1019.
Post 7280843 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
If we rebound now it's like SR all over again.
1020.
Post 7280929 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Only 17 days to $10 coins
More 17 days to start of extreme growth when the coins get auctioned above market.
1021.
Post 7280961 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Once again, front running the government is AWESOME when it's WE who do it and not Goldman Sux. We'll buy all their coins for 75c on teh dollar.
Haha, all jointly lower the price to $10 on the 27th, then $50k at the 28th.
1022.
Post 7281067 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
The USMS will not transfer bitcoins to an obscene public address, a public address apparently in a country restricted by the Office of Foreign Assets Control (OFAC), a public address apparently associated with terrorism, other criminal activities, or otherwise hostile to the United States.
Lame!
1023.
Post 7281097 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
The USMS will not transfer bitcoins to an obscene public address, a public address apparently in a country restricted by the Office of Foreign Assets Control (OFAC), a public address apparently associated with terrorism, other criminal activities, or otherwise hostile to the United States.
Lame!
yes, even talibans need bitcoin.
I was focusing on the no vulgar Bitcoin addresses part.
1024.
Post 7281266 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Only 17 days to $10 coins
More 17 days to start of extreme growth when the coins get auctioned above market.
why above market?
How else can you buy s much Bitcoin slippage free?
1025.
Post 7281345 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
238 coin wall eaten like nothing.
600+ by the end of the day tomorrow.
try 600+ <2hours
SR 2.0 BITCHES
Exactly, can't wait for the ZhouTonged song!
1026.
Post 7281370 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
1027.
Post 7281738 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.52h):
Smell that $666? Mmmm mjes I can. Lets go bishes.
slow down there pard'ner
we need to eat the wall at 586 first, then digest for a while before tackling satan again.
That wall is going down ! And i am going to bed. Will be interesting what i will see when i wake up
.
Less than 1k to $600 already
1028.
Post 7330564 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
This is probably very improbable though
lol, what?
1029.
Post 7370109 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Litecoin is being dumped hard for bitcoin at the moment.
NXT is falling even more, not to talk about blackcoin and doge seems to be dying. Does not look very bullish, more like run to the safety of bitcoin more associated with a bear market?
Associated with the beginning of a rally.
1030.
Post 7371459 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
BTC is becoming centralized. Viva NXT and NEM...
Be careful or you will end up like that Ripple fanboy who kept spamming this thread telling people to buy Ripple.. and then XRP crashed and he was never heard of again.
Indeed. May be he actually believed the nonsense he was posting and lost a fortune.
1031.
Post 7378151 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
If we look at bitfinex swaps for a moment... USD-0.2016%-0.1272%-24,844,849.98 USD. Can someone gives an answer when those long will start to close if the price doesn't move up for a week? For sure we can't expect the price to go up much till the end of the auction... so when the rates on those longs will become to expensive?
I asked bitcoinica users the same question.
never really got an answer.
I'm sure someone here can give an answer
First let's see whether the price indeed stays constant until the auction.
Disclaimer: I never advice the use of leverage.
1032.
Post 7385484 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
WOW, LEAKED INFO ON BIDDERS FOR US MASHALL BITCOIN AUCTION
Barry Silbert, CEO for SecondMarket
Luther Lowe, director of public policy for Yelp
Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group
Fabrice Evangelista, quantitative arbitrage at BNP Paribas
Michal Handerhanm, co-founder and COO of Bitcoin Shop
Dave Goel, managing general partner of Matrix Capital Management
Dinuka Samarasinghe, investment professional
Chris DeMuth Jr., Wrangeley Capital
Fred Ehrsam, co-founder, Coinbase
Jonathan Disner, corporate counsel at DRW Trading Group
William Brindise, head investment manager at DigitalBTC
Michael Moro, director at SecondMarket
Jennifer R. Jacoby, lawyer at WilmerHale
Sam Lee, co-founder, Bitcoins Reserve
Avarus Corporation
PLUS YELP AND BNP Paribas (fourth largest bank in world)
What is your source?
1033.
Post 7385565 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Thanks I just saw int he other topic in this section.
1034.
Post 7385889 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
The auction was bearish. Now it's suddenly bullish?!
They've seen how much money the bidders have and now they plan to milk it all out.
Seriously, an actual bank.
Everything in bitcoin is this way. Anything initially seen as bearish and causes a drop gets flipped around later with a bullish spin to seem bullish a cause rise.
Sometimes multiple times such as when the Bitcoin world discovered there's a rather large group of people called the Chinese.
1035.
Post 7386116 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
WOW, LEAKED INFO ON BIDDERS FOR US MASHALL BITCOIN AUCTION
Barry Silbert, CEO for SecondMarket
Luther Lowe, director of public policy for Yelp
Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group
Fabrice Evangelista, quantitative arbitrage at BNP Paribas
Michal Handerhanm, co-founder and COO of Bitcoin Shop
Dave Goel, managing general partner of Matrix Capital Management
Dinuka Samarasinghe, investment professional
Chris DeMuth Jr., Wrangeley Capital
Fred Ehrsam, co-founder, Coinbase
Jonathan Disner, corporate counsel at DRW Trading Group
William Brindise, head investment manager at DigitalBTC
Michael Moro, director at SecondMarket
Jennifer R. Jacoby, lawyer at WilmerHale
Sam Lee, co-founder, Bitcoins Reserve
Avarus Corporation
PLUS YELP AND BNP Paribas (fourth largest bank in world)
source please. looks like a few start-up type people, and not as many wallstreeters as i was hoping for. can't complain though.
This just sample, 37 total
of which 27 are sure to go home empty handed
i'm starting to think people that said they coins might sell at a premium we're right!
I have a feeling one person is going to take the whole lot. The FAQs clarified the auction style.
I'm in the camp who suspects a premium being paid.
1036.
Post 7386389 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Not a chance a premium will be paid. Care to place a small wager?
There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.
Dunno about premiums, but I'm willing to bet most names on that list would be
very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.
This. But would they risk looking dumb by paying over the odds?
Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.
Thinly traded stocks certainly do sometimes.
1037.
Post 7386435 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Wouldn't the price surge if they tried buying it on bitstamp or something.
Not if they did it slow enough. It would take a few days. I can't see anyone of that calibre sitting at their desk for a solid week pressing a button every now and then. That's why the big players buy from miners and large holders. No messing and the price is set.
Yes it would.
1038.
Post 7386484 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Not a chance a premium will be paid. Care to place a small wager?
There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.
Dunno about premiums, but I'm willing to bet most names on that list would be
very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.
This. But would they risk looking dumb by paying over the odds?
Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.
Thinly traded stocks certainly do sometimes.
True. But Bitcoin averages, what, maybe 30k trades a day across the various exchanges? That's $18MM per day. Not exactly thinly traded!
I consider Bitcoin thinly traded for sure.
1039.
Post 7388278 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]
Nothing trolling about it. I know of a person not participating because of this.
1040.
Post 7388412 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Yeah, too bad you need to wire the money to the FBI. Paying with counterfeited money would be priceless. Up yours motherfucker!
1041.
Post 7389359 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Why is everything called a "bubble"? A bubble by definition is something that is unnatural, unjustified, and rare; not something something that occurs regularly. The only bubble that has ever occured in Bitcoin was when it went to $32 in 2011. The $15-$32 portion of that might be called a bubble, and wasn't seen again for 2 years.
I coined "growth spurt" quite a while ago. I appreciate it if people start using that.
1042.
Post 7389479 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
Why is everything called a "bubble"? A bubble by definition is something that is unnatural, unjustified, and rare; not something something that occurs regularly. The only bubble that has ever occured in Bitcoin was when it went to $32 in 2011. The $15-$32 portion of that might be called a bubble, and wasn't seen again for 2 years.
I coined "growth spurt" quite a while ago. I appreciate it if people start using that.
Bubble just sounds cooler.
Bubble sounds like it is a scam. When people that actually like Bitcoin use a term which indicated a ponzi scheme can you blame people for not understanding?
1043.
Post 7390208 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.53h):
How soon until $640 I wonder? maybe not very long.
I feel like on the weekend there is always a rise in price so hopefully by Sunday
I remember when it was the other way around and everyone was waiting for fiat deposits on Monday.
1044.
Post 7400247 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
People voting <60% & >140% suck pretty hard.
Yeah, I voted 120% but 110% is just as likely.
1045.
Post 7400338 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
People voting <60% & >140% suck pretty hard.
Yeah, I voted 120% but 110% is just as likely.
so is 90 or 80 who knows
90 is possible, but far less likely.
What makes a <100% offer more likely then when I voted is that I learned that bidders cannot see each others bids and cannot bid twice. The FBI is retarded.
1046.
Post 7400500 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
bidders cannot see each others bids and cannot bid twice. The FBI is retarded.
hey, FBI agent children need to go to Princeton too. Open bidding would remove the vig.
Since when doesn't America like free markets? Oh wait, since quite a while but the rest of the world hasn't caught on on this yet (everyone still gives USA as the example of unregulated markets. Sure .....)
1047.
Post 7427214 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
i wonder how many bitcoins i could get if I asked the bank for a margin, send that to bitfinex and go MAX Leverage Long!
i want to buy all the bitcoin
Quick, give me the strats to get mad debt based money without any credit history.
Become a bank.
1048.
Post 7435341 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
We've just broken 600$ on huobi and getting soe volume also!
Yeah, watch how Huobi tries to go up but Stamp refuses to budge.
My theories:
1. Huobi volume really
is fake, and Stamp knows it. Thus refuses to follow such a small percentage of the market in the up direction.
2. Stamp is deliberately holding down the market, fake sell walls, etc. Probably on purpose until the SR coins are sold.
My money is more on #2, because Stamp seems to have no problem following Huobi in the
down direction.
(Although I'm still not convinced Huobi's volume is 100% accurate)Yes, people that are going to bid in the auction are likely trying to hold prices down. When they remove those restrictions. The loaded spring will be set lose ...
1049.
Post 7437977 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
Anyone have an ideas on why bitcoin is so polarizing? Either you love it or you hate it, not many are in between.
Well, either it will "go to the Moon" (i.e. its price will get much higher than now, and keep rising at least 5-10% per year) or it will collapse to 0. There is no viable long-term scenario between those two. So, one's attitude towards bitcoin depends on which scenario one believes in.
Of course there is somewhere between the two extremes.
1050.
Post 7439853 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
Anyone have an ideas on why bitcoin is so polarizing? Either you love it or you hate it, not many are in between.
Well, either it will "go to the Moon" (i.e. its price will get much higher than now, and keep rising at least
5-10% 500-1000% per year) or it will collapse to 0. There is no viable long-term scenario between those two. So, one's attitude towards bitcoin depends on which scenario one believes in.
fixed that for you
I wrote "at least"
Of course there is somewhere between the two extremes.
I think that Erik Vorhees himself said that bitcoin was an all-or-nothing thing to Bloomberg; I recall that from a video on YouTube. The argument being, I suppose, that if the price (purchasing power, more precisely) stops increasing, or the increase slows down to less than 5-10% per year, investors will dump their bitcoin holdings to invest in more profitable items, like stock or real estate. Then there will be massive devaluation and volatility, etc., and eventually loss of utility as a payment medium. Since it pays no dividends and has no backing assets, an ever-increasing purchasing power is necessary to keep bitcoin attractive to long-term investors.
It could just cater to a niche instead of the entire global payment system (yes I think it;s way more likely world wide adoption occurs).
1051.
Post 7440615 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.
Good point Jorge good point... although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids
One of the core reasons (next to counter party risk) why I won't participate on either side of the bet.
1052.
Post 7449177 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
The price is so inestable, it´s danger to play now.
Yup. Lots of obvious short stop losses just got squeezed on Bitfinex, probably on Huobi as well. Could be another classic Bitcoin Fuck You Rally. Wouldn't be surprised if it was as according to all the indicators, a break out should just not be happening. I can't speak for Huobi where the break out was initiated, but on Bitfinex, the lionshare of the buying power of the break out was squeezed short trades and even then Bitfinex conspired to rob everyone blind by front running all the Ask orders required to cover stop loss orders above $600, and then selling them to stop loss orders at $608.
These people are fucking criminals and need locked up.
You sure do whine a lot. Did you get burned at BFX and now think its all their fault?
Looking at the bitfinex data very few shorts have actually been closed. Not sure how often it is updates though on
http://www.bfxdata.com/bitfinexLiquidityBTC.phpI think it is someone just buying some coins while we are down here.
Just 24 hours ago he and the other usual trolls where crying like crazy because i felt the price was being kept down.
I mentioned how these losers are the first to cry about manipulation when the price goes up 10 bucks.
Well, there you go.
They're not even trying to hide their stupidity. Unbelievable.
haters gonna hate.
On another note.. drank some beer, price went up...please do your part and drink lol
Had bout 20 tonight, dont think its hepling
Your effort is greatly appreciated!
1053.
Post 7455126 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
There has been a lot of shrewd, sophisticated and patient acquisition over the last few days. This, for Bitcoin, is highly irregular.
Really? And there was me thinking that the market was simply being swished around on low volume in order to flush out weak shorts and longs alternately?
If their has been a lot of shrewd and patient acquisition, then where is the volume? I don't see any? My own trading accounts surely for over 150 BTC this week, I have enough funds on exchanges to own just 15 BTC, yet I don't own any BTC. So here is an example of 1 little fish who has contributed 150 + BTC of trade volume, yet who doesn't any BTC.
What the market is doing, is hovering right above a very dangerous long term trendline and nobody is very keen on buying, yet there is also a good chance Bitcoin springs up to at least $750, so nobody wants to sell.
So you traded 150 BTC and you don't own any. You're doing something really really wrong.
1054.
Post 7455351 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
So you traded 150 BTC and you don't own any. You're doing something really really wrong.
I could own 15 BTC right now. That is all I could have ever owned since weeks and actually less than that had I chose to hold in the upper $600s. That is the extent of the fiat whcih I am holding on the exchanges for now. But guess what? I don't want to own any Bitcoins right now. Bitcoins for me is zero sum game much like poker. I jumped onboard just in time to catch the last 40% of the bull-run, made a pile of money, and have since found that trading a corrective bear market is a whole lot trickier than an impulsive bull market. You are talking about the next bubble like it's a foregone conclusion whereas I am looking at a long term support that has been tested far too frequently of late that is currently hovering just $40 below spot.
Yes, like I said, you're doing something very very wrong.
I'll say this only once: Buy the 15 BTC, withdraw them from the exchange, put them in a cold wallet and go do something else for a few years.
1055.
Post 7455583 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
I'll say this only once: Buy the 15 BTC, withdraw them from the exchange, put them in a cold wallet and go do something else for a few years.
You forgot to mention to quit trolling this forum.
I added emphasis
1056.
Post 7456662 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
1. can anyone confirm that the US Marshalls won't sell a batch of 29k BTC to a single bidder, but smaller batches to multiple bidders? I can't really tell from the auction listing.
2. would the auction act like a primer of a panic rally?
1. They will sell to the highest bidder or bidders, period.
2. Tough to tell. On the one hand, these are super clean, easy to acquire coins. It's blind bidding from people long on Bitcoin, so I'd expect higher than market. That said, we may never know exactly what was paid and by whom. Either way, the sale further legitimises Bitcoin. It's good press.
The blind bidding will result in a lower price. It's impossible to bid each other up. Ask people that work in auction houses
1057.
Post 7458093 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
I don't see how any logical bidder would pay even close to 95% of current market value for the coins. Buyers go to auctions to buy things at discount.
Every auction I've ever observed sold its wares for prices ludicrously over their market value. I think the average buyer thinks they're going to get a bargain because it's an auction. If everyone else thinks that then bargains go out the window.
I wouldn't want to make any predictions about this auction though. It's a unique happening.
These are blocks of thousands of bitcoins. The investors are not weekend garage sale hunters on a $50 budget. They want an edge of 10 20 30% off because they have cash on hand.
If you want to buy thousands of Bitcoins paying above spot is still cheap because buying that many coins would result in enormous slippage in our thinly traded Bitcoin markets.
Too bad the auction is blind though.
1058.
Post 7458555 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
We're in a secular bull market, looked at in a scale of months, in my opinion.
Drops will be temporary.
The problem I see with daytrading in such an environment is that you need to keep a cushion of fiat so that you can go in and out of the market.
Let's say you're an active trader and your holdings, averaged over time, net half crypto half fiat, because you're always buying and selling.
And you're competent enough that your trades come out in the black, on average.
That's not enough. You have to do more than just come out in the black on your trades; you have to beat the returns you would get by hodling.
I keep most of my stake in cold storage, and play day trader with less than ten percent of it.
Using you own analysis: why not 100%?
1059.
Post 7460232 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
Jeff Garzik disclosed how much Bitcoin he holds
https://twitter.com/jgarzik/status/480477929160208384348 BTC apparently.
1060.
Post 7460278 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
Surprising actually.. I thought he would be somewhere in the 4 figure range.
Yes, I would have guessed a much higher figure for him as well.
1061.
Post 7465822 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
The market is just really thinly traded right now. I's een continuously bounding up and down a little close to 600. Perhaps Friday is the catalyst to start moving from that range.
1062.
Post 7466495 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
Gd morning ppl.
Was glad to wake up to this.
was un-glad to wake up to sub 600 again
It's gonna be 2012 all over again.
Yup, same here
In 212 the price went from ~$4.50 on Jan 1st to ~$13 on December 31st. I have no problem with that because that would mean it goes from $720 on Jan 1st to $2080 on December 31st this year. There's not much wrong with a 189% yearly increase.
1063.
Post 7476118 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
The candle has been lit.
What candle?
Yeah, what do you mean, Tera?
Lol
Possibly Tera means that there is finally a green 1wk macd candle on Bitstamp. It was
sort of confirmed with high volume. It is barely lit
It could be positive if we are dealing with macd obsessed whale
Long time ago I remember Tera said that a green 1 wk macd could indicate that it is a good time to buy (or maybe build on a position?). I can't tell if that was a joke or not. Tera likes to be a bit cryptic sometimes.
The best oracles are that way
. Although 1w MACD on Bitstamp not confirmed yet, just one green candle, which can still change. Their weeks ends Wed, iirc
That is true
I did not know that the weekly candles close on Wednesdays.
NOW, you know....
I believe it's Sunday, but any choice is arbitrary. It should be TSD (Trailing-Seven-Days) anyway.
1064.
Post 7476419 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
.............................. [ - shortened - ]................
That is true
I did not know that the weekly candles close on Wednesdays.
NOW, you know....
I believe it's Sunday, but any choice is arbitrary. It should be TSD (Trailing-Seven-Days) anyway.
I think the weekly MACD on Bitstamp closes at around midnight UT on Wednesdays. You will see a new candle form at that time. I have been approximating the candle for Wednesday, and if BTC prices close above about $582 on Wednesday, then the weekly candle will be green, and if it closes below about $582, it will be red.. My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.
I am NOT sure what you mean by TSD - b/c surely each new candle allows for the BTC price to close lower and then to turn green, so next Wednesday, the BTC price will have to be below $560 or something like that in order to remain red.... either way, the MACD weekly is surely on the cusp of turning green... and it could float in this limbo land for a little bit before actually going fully and unambiguously green.
Just calculate the candles in a rolling fashion. As in: the last candle always closes right now. Never any open candles anymore and continuous insight.
1065.
Post 7477107 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.54h):
.............................. [ - shortened - ]................
That is true
I did not know that the weekly candles close on Wednesdays.
NOW, you know....
I believe it's Sunday, but any choice is arbitrary. It should be TSD (Trailing-Seven-Days) anyway.
I think the weekly MACD on Bitstamp closes at around midnight UT on Wednesdays. You will see a new candle form at that time. I have been approximating the candle for Wednesday, and if BTC prices close above about $582 on Wednesday, then the weekly candle will be green, and if it closes below about $582, it will be red.. My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.
I am NOT sure what you mean by TSD - b/c surely each new candle allows for the BTC price to close lower and then to turn green, so next Wednesday, the BTC price will have to be below $560 or something like that in order to remain red.... either way, the MACD weekly is surely on the cusp of turning green... and it could float in this limbo land for a little bit before actually going fully and unambiguously green.
Just calculate the candles in a rolling fashion. As in: the last candle always closes right now. Never any open candles anymore and continuous insight.
Well, it would also mean that the *past* candles would continuously change - are you sure you would like it?
I think it is much better to have only one last candle uncertain
Yes I'm very sure. It's the most accurate representation of what's happening. Choosing fixed days is a really limited way of looking at the data.
1066.
Post 7505047 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.55h):
This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.
I'm not really sure it's the dumbest. We've seen some dumb shit happen here
1067.
Post 7579048 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
600 wall gone on stamp
edit: never mind
Sike!?
That's quite a big wall and it's unlikely to be manipulation as the auction closed already.
1068.
Post 7617741 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
because half of the people on this forum cannot deal with the fact that a woman might be a) interested in Bitcoin, b) articulate (after all they have never actually spoken to a woman) and c) smarter than they are.
I just use the default 'he' when I don't know anything about their gender, I don't really care either way.
This exactly, if women are pissed about this they should b pissed at the design of natural languages with their inherent male/female discrimination.
1069.
Post 7618553 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those
It was
www.deonlinedrogist.nl btw.
1070.
Post 7618615 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those
It was
www.deonlinedrogist.nl btw.
You are in denial. You were planning on buying condoms.
Nah, I have sufficient in the house
1071.
Post 7618760 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those
It was
www.deonlinedrogist.nl btw.
You are in denial. You were planning on buying condoms.
Nah, I have sufficient in the house
Sufficient = none
No, I always buy by 100 until they run out because I'm cheap.
1072.
Post 7619831 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Right at 650. Exactly as i thought.
What's your source?
1073.
Post 7621587 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.
There is a good chance that the price will be 5k on the day of the btc1k party.
So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...
1074.
Post 7621780 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.
There is a good chance that the price will be 5k on the day of the btc1k party.
So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...
You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now
But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.
1075.
Post 7621971 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.
There is a good chance that the price will be 5k on the day of the btc1k party.
So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...
You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now
But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.
No. Just consider it as a lottery ticket. If bitcoin will never reach 1k, you lose the money you spent on that bitcoin (say $650). If bitcoin reaches 1k someday, you still lose $650, but you get a party ticket of >$1k
This is all bullshit if your alternative is to hold onto the
BTC1. You are still stuck thinking in fiat. Think about it.
1076.
Post 7622881 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
there will be 1800 'dudes' and about half a dozen 'ladies' if that!
no thx.
god god, imagine it.... like the forum but worse.
trollfest 2015
You mean Sausagefest 2015...
Actually that problem has already been lifted and they had some solution for it. Can't remember right now but I'll look in the thread,
I'm starting to understand the high entrance fee
1077.
Post 7623152 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
so do you guys think this recent bump was from the newegg guys who have insider info, or does it have to do with the marshal auction? i personally think it has more to do with newegg.
I agree. Newegg > Overstock and Tiger Direct put together.
We're primed to go up. If a government somewhere is about to screw up badly, (and there's probably one), it'll get crazy.
Crazy as in?
Crazy as in the commencement of the next growth spurt.
1078.
Post 7623307 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
there will be 1800 'dudes' and about half a dozen 'ladies' if that!
no thx.
god god, imagine it.... like the forum but worse.
trollfest 2015
You mean Sausagefest 2015...
Actually that problem has already been lifted and they had some solution for it. Can't remember right now but I'll look in the thread,
I'm starting to understand the high entrance fee
from what i recall it was 'we'll let random frankfurt(er) women in for free if we cant find any elsewhere'
Okay, I was thinking something else.
1079.
Post 7625543 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
http://coinfire.cf/2014/06/30/breaking-usms-auction-winners-notified/A verified source with the USMS who wishes to remain anonymous stated to Coin Fire, “It is really important that we get this 100% right. We have to verify that they aren’t tied to any sort of criminal activity, we have to verify we have the money from the wire transfer. If we send the coins we understand we will have no way to reverse the transaction so every step is being taken.”
Makes sense to me. We are dealing with the government here and obviously if they can't even send an email right, its probably the best thing they can do.
I was (am?) so hoping they are going to fuck up ...
1080.
Post 7625575 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
http://coinfire.cf/2014/06/30/breaking-usms-auction-winners-notified/A verified source with the USMS who wishes to remain anonymous stated to Coin Fire, “It is really important that we get this 100% right. We have to verify that they aren’t tied to any sort of criminal activity, we have to verify we have the money from the wire transfer. If we send the coins we understand we will have no way to reverse the transaction so every step is being taken.”
Makes sense to me. We are dealing with the government here and obviously if they can't even send an email right, its probably the best thing they can do.
First, to track down the lost keys LOL. What do you mean? I thought YOU were going to do the backup! Too many hands, someone is going to drop the ball
I think John has the keys. Speaking about John, where is he anyway? I haven't seen him all week
1081.
Post 7626100 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Founded in 1694, the British pound Sterling is the oldest fiat currency...
Sorry, I used fiat but should have said debt-based.
It's funny that before 1971 all were non-debt based and now they are all debt based ...
1082.
Post 7626137 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Bad news: They have the keys
Good news: In the case of 1 buyer the price paid will be significantly higher.
1083.
Post 7626592 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
See? People love paying taxes!
1084.
Post 7627756 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
i am going to say BNP Paribas bought them all
This.
I speculated this on another forum as well. The most obvious ones to want to stay anonymous.
I still want to know what they paid though
1085.
Post 7627822 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
i am going to say BNP Paribas bought them all
This.
Why BNP?
Sorry if I missed in some rumors.
They were on the leaked list, they easily have the funds available and they would likely want to remain anonymous.
1086.
Post 7628128 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
i am going to say BNP Paribas bought them all
This.
Why BNP?
Sorry if I missed in some rumors.
They were on the leaked list, they easily have the funds available and they would likely want to remain anonymous.
If you are doing business with Cuba, Iran and so on what is the best tool to do it?
Haha that too
1087.
Post 7628294 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
CHINA BANS BITCOIN!
China bids for Bitcoin. Pays with US treasuries.
1088.
Post 7629865 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.
Help me understand the difference. No matter what, some people were getting LTC for $2.1212, $3, $5..
And, if someone.. "margin call".. did they.. I dont. What? Why would anything trigger this?
If you buy things with loaned money and the price drops sufficiently the loaner will sell it of for you (at your expense) as to not run any risk itself (because the price of the collateral dropped too much).
1089.
Post 7629970 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
i wish a knew Chinese to read their chat when they saw that btc-e dump
Forums? Where? I tried to check what people were saying period but LTC talk is dead
They have their own trollbox @btc-e
Did anyone notice that LTC/BTC skyrocketed while LTC/USD tanked (and by a much larger factor?)
wtfff
Yes it' amazing my sell order at 0.0145 totally filled! Why LTC/usd was going to 2!
Something is definitely going on.
I bet we'll see something soon. I guess in up direction. Warning: it's JUST a feeling! Do not take it as an invitation to buy please. This crypto world is already full of trolls and I don't want to be compared to them.
Thank you.
So you sold at 0.0145. Did you manage to buy back way cheaper by going through USD?
1090.
Post 7630032 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.56h):
If you are a high roller, you should seriously consider moving some fiat to btc-e just to leave some ridic lowball orders out there, it might be a huge +ev move in the long run.
Like when btc dropped to $102 in Feb because some guy hit the sell button instead of buy.
Yes, how the hell do you not check 50 times when it's with these kind of amounts? :|
1091.
Post 7630400 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
So today we had two major retailers announce that they're taking bitcoin and we're now lower value than we were 24 hours ago. This market is brutal.
You mean insane? I guess the market priced in 3 major retailers. Such inadequate, much disappoint.
1092.
Post 7637419 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Stop quoting Mervyn_Pumpkinhead please
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!"
1093.
Post 7637993 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
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.
The US Marshall's office will not make any comment about the price at which anything is or was sold.
You can make a request under FOI act and wait a few years while it is processed - or hope the winner goes public - dont hodl your breath on that though.
If FOI request is completed, will the result be public or only for the person making the FOI? Do you need to be a US citizen to make a FOI request?
1094.
Post 7642177 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Regarding the poll: when does the daily candle close? GMT?
1095.
Post 7642489 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Regarding the poll: when does the daily candle close? GMT?
i think its at 8:00PM EST
For all non Americans: EST is UTC - 5 hours (so 1 am UTC)
1096.
Post 7644353 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Ripple is no crypto. Ripple (the currency) is the enemy as it's worse than fiat.
1097.
Post 7644558 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Ripple is no crypto. Ripple (the currency) is the enemy as it's worse than fiat.
if one of the most outstanding idiots on earth joins your enemy - it is good news anyway.
Okay, I never heard of Mr. Guttenberg so I assumed you thought he was an asset.
1098.
Post 7645055 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Oh it's that guy, lol. Have fun Ripple
1099.
Post 7645076 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
BTW: Did he end up losing his dr. title or not?
1100.
Post 7645348 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Tim Draper will be giving a live press conference in about 40 minutes:
http://new.livestream.com/draperuniversity/bitcoin-auction?utm_content=buffer11587&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
we will be livestreaming a press conference at 2PM from the building here, which should hopefully answer a lot of questions. Tim will most likely not be doing an AMA on reddit, but it looks like Adam will be moderating the press conference, so we will try to pull some questions from here. Sorry, but the bid price will not be revealed.
edit: 2PM Pacific edit 2: Livestream link
1101.
Post 7645896 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Why would that make you dump?
1102.
Post 7645918 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
No.
Wager 1 BTC on each, at even odds? Nah, 20 years is too long to lockup even 1 BTC at 1:1, regardless of your edge. Now, $1000 on the other hand....
No interest? PM if you get interested.
How about you keep it on topic and talk about bitcoin price movements.
Okay. (But that will earn no less antipathy.) Price is going down for 4 hours probably. Then it is likely to reverse.
If it starts to appear as though publishing the monkeys opinions plays a causal role in their reinforcement, I'll have to stop, or the monkey will get uppity.
Anyhow, at least 2.5 hours more down-side expected.
What's in 2.5 hours?
1103.
Post 7645935 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Anyone interested to bet that we will never see sub $640 again??
50:1 odds
What amounts are we talking? Are you backing never $640 again and are you laying 50:1? (as in my 1 BTC to your 50?). This might be interesting then.
1104.
Post 7645969 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Anyone interested to bet that we will never see sub $640 again??
50:1 odds
What amounts are we talking? Are you backing never $640 again and are you laying 50:1? (as in my 1 BTC to your 50?). This might be interesting then.
No, my 0.5 btc to your 25
(i'm betting that we'll never see 639.99 that is)
Ok not interested then
1105.
Post 7646014 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
What about my 0.5 to your 10?
I'm not sure if I would do it even, but if anyone want to, I will consider this
No, no, no, I was only looking into this due to the 50 leverage in my advantage. If you are proposing the other way around I am not interested at all. Maybe someone else is ...
1106.
Post 7646045 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Not working at all though. They seriously didn't think this would draw a crowd?
1107.
Post 7646131 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Ok could you summarize as I can't get any of this fucked up press release. The might have $20-$25M to spend but they are a bunch of amateurs if this is the way they do a press release, seriously.
1108.
Post 7646174 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Ok could you summarize as I can't get any of this fucked up press release. The might have $20-$25M to spend but they are a bunch of amateurs if this is the way they do a press release, seriously.
He keeps talking about how secure and revolutionary bitcoin is. Him and his crew seem uncomfortable and not totally knowledgeable about how bitcoin works.
They were talking about how it was secure and said they were told not to talk about it (
)
Not to talk about what and by whom?
1109.
Post 7646195 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Meanwhile.. people are selling. LMAO
Well if the quality of their press conference is anything to go by
1110.
Post 7646233 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Meanwhile.. people are selling. LMAO
Well if the quality of their press conference is anything to go by
Got my volume turned up a 100%. Still cant hear shit.
For me is doesn't run at all. The guy was reading from a piece of paper. Just share that if you cannot get your technical shit together.
1111.
Post 7646248 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
I tried FF and Chrome and there is nothing wrong with my internet connection as everything else works fine. yes, I tried video streams.
1112.
Post 7646555 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Somebody tell me that dumping wasn't because of that dude doing a press conference. That would be beyond pathetic.
They must expect him to say he's going to dump them all tomorrow?
1113.
Post 7646636 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
@potential buyers, If you are interested to wait until it hits $5000, I have a few thousand BTC for sale. Contact me.
Interesting, rpietila seems to believe that the uptrend is running out of steam.
Nahh diversification:
http://bitcoinsavingsplan.com/
1114.
Post 7646753 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Fact is he's going to invest in the Bitcoin infrastructure and now he owns 30k BTC so his interests are alined with the rest of us holders. Seems like good news
1115.
Post 7648223 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet
)
Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!
your actually a winner in that TX, they ripped off the seller twice as bad.
That's the seller's own fault for not accepting Bitcoin.
1116.
Post 7657295 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
When the price is lower than 700..
When the bears feels a little under ...
I want to buy hundred or hundreds....
But my pocket is empty like a .. something that rhyme to under :-)
desolate tundra?
Under and tundra don't rhyme at all ..
1117.
Post 7657321 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Sounds like you're getting worried, Jorge.
You bet I am. Didn't Tim Draper mention Brazil explicitly as a country where they expect to find buyers for those 30'000 BTC?
Did he say he plans to "sell them" to Brazillian buyers ?
I thought Draper said he was proposing to use the 30,000 BTC to
mainly provide liquidity through arbitrage and keep his overall balance of BTC approx the same... and also to spend some to "encourage" further development of the ecosystem/further adoption in countries like Brazil?
Pretty sure he explicitly said that as opposed to - I want to sell these to Brazilians.
You're correct.
Thought as much... I am sure that much was pretty explicit, funny how Jorge "misheard" that, normally seems to have an eye/ear for details.
Jorge is an idiot (or a troll). Haven't you figured that out by now?
1118.
Post 7657931 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
why do they all have their phones in their boobs.
Women don't have (usable) pockets in their pants.
1119.
Post 7658182 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
why do they all have their phones in their boobs.
Women don't have (usable) pockets in their pants.
This is due to skinny jeans trend - too tight. Also, breasts serve as protective padding for what may be, in many cases, their most precious possession. It's hard to pick-pocket someones' breasts.
Pickpocketing from the breasts is just another advantage if you're bold enough. The word cup is in Brazil, people are bold enough there
1120.
Post 7659981 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
This thread is unreadable because of all the jorgeretard quotes. Stop giving that idiot so much attention ffs! He will go away as soon as people ignore him!
I will stop quoting him when his posts offer nothing interesting anymore.
in before "that happened on day 1 of his posting here".
that happened on day 1 of his posting here
1121.
Post 7660008 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Is there an ETA on COIN?
they are talking 1-3 months
but it could be sooner, it's been in the works for a long time, no one knows when it will pass but its getting there.
I am going to buy bitcoins in approximately 3 weeks. I am waiting the fiat and i hope the price will wait for me.
All i know is 800 is GUARANTEED to be hit next week.
Don't take this too seriously (but this is the speculation topic after all) but I too think that compared with the last growth phase we're around the flash crash when SR was raided. The graph looks really similar. This would mean it's t-5 in the lift off count down (as in the next two weeks).
Let's see what happens though. Past results don't guarantee future ones.
Someone needs to give some bad news for a flash crash to keep the graph authentic before we rocket
.
Probably just an anomaly ...
1122.
Post 7660844 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Sell walls on Stamp are pretty thin...we could very easily get to $660 today if things hold up like they are right now...
Would be def nice! But not sure if real.
Walls have been thinner already. Tonight seems a bit too soon
1123.
Post 7664090 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Resistance to 700 keeps getting bigger
The stronger the resistance, the more powerful the breakout
Yes, the wrong way i'm afraid.
The resistance actually isnt growing significantly
He is probably talking about BTC-E, and he seems to be right. Actually ShroomsKit made many observations that uber-bulls ignore.
BTC-e has a history of being below the market. They are more a market leader for LTC.
1124.
Post 7665249 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
http://bgr.com/2014/07/03/bitcoin-exchange-mainstream-analysis/I noticed a lot of positive media the last 7 days. It completely changed compared to even a month ago.
Everyone feels like now is the time. Everyone is excited. Everyone but the sellers.
It's probably the best week this year and the selling pressure is sky high.
So odd.
Maybe many people bought at these prices, got scared due to the lower prices and are dumping to exit permanently? We had a lot of those during the last growth spurt too. When these sellers are out of the way we can proceed.
1125.
Post 7670631 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Nice double top forming.
Be ready for a correction to 500$.
Increase your BTC holdings by 20% without doing much (just selling).
Very interesting. TA-Trolling...
Breaking support and conforming this Double Top would mean a ~620$ target, not 500$.
this is not even a proper double top
In between the "double top" is a double bottom
1126.
Post 7706202 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Haha and I thought the growth spurts would become longer and with less steep peaks
1127.
Post 7724099 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.57h):
Make it illegal. Come on, I dare you!
1128.
Post 7725382 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
"If somehow the future Internet only accepted RMB, this would not be feasible nor wanted.... In the future, in the Internet generation, every country will slowly relax sovereign control and even dilute the concept of sovereignty."
-- Xu Nuojin, PBoC, at China Internet Finance Forum (June 19, 2014)
Indeed. Apparently they do have visionaries there
1129.
Post 7726692 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
if you mark the last local top with a 3 you're implying the price is going down right?
1130.
Post 7727825 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
if you mark the last local top with a 3 you're implying the price is going down right?
We have already come down a little so I guess it depends where the minor wave ends
646/52
637
632
623
614
609
600
We have touched the top of a slightly narrowing bollinger band and come down
Would not surprise me if we go down to 614 - I will be paying attention if we go towards/past the 609 fib/SMA20
I am bullish from a daily, and even ore so on a weekly/monthly point of view though, not so sure on lower timeframes
Low volume.
"down" to 614. I would call that flat.
1131.
Post 7728398 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
And regulation does not make a market less free.... blah blah blah
Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.
Oh boy you are going to hate real freedom. Don't worry there will be an app for people like you who have a need to be ruled.
lol he just said regulation doesn't make something less free?
Jorge, since you claim to be an academic maybe you should consult proper sources. In this case I would advice the dictionary
1132.
Post 7728478 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.
That is not free market, it is "laissez faire capitalism", "wild west market", whatever. The name "free market" has been taken long ago to mean what I wrote.
Laissez faire capitalism is what gave use the banks too big to fail, tax exemptions for the rich, the 1%-99% society, and so on.
Laissez faire is French for let it go and no they didn't mean the Disney song.
Everyone who understands free market as you do is a fucking idiot. Yes that still holds if that is 99% of the population.
1133.
Post 7738609 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
the SMBIT and PBP funds do not seem to have created much extra demand over their history. Would it make much difference having a fund traded on NASDAQ, instead of privately?
Orders of magnitude.
Yes exactly. The group of people with access is just so much larger.
1134.
Post 7741058 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Did anyone post this one already?
http://redditmetrics.com/r/bitcoinTrending now! 928 new subscribers today, 578% trend score – Trend thread
Not sure why? Maybe bots are doing this, maybe it's because of Ukrainian bitcoin ATM news, maybe Roger Ver's tweets... Maybe something is about to happen.
something unbelievable always happens, and by some chance some guy just happened to have predicted it. I expect holders haven't been significantly challenged yet so I won't be shocked if we see more capitulation, or some CCMF,
Well you can easily see what the previous peaks like this correlated with
1135.
Post 7741076 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Things are A changin'
Mothers and fathers across the land. Don't criticize what you can't understand!
1136.
Post 7741904 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure
Anarchy does not arise after the collapse of a government.
That's a flawed as saying that atheism arises after a church burns down.
Haha, a very good analogy
1137.
Post 7742161 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
I suggest Brazilians watching this game use more Xanax, alcohol, whatever it takes.
The alternative would be a rise in suicides, which I strongly disapprove of.
yes, this is a massacre. gonna be some unhappy people, perhaps some rioting. seems like rugby scores incoming at this point...
Always fun when the Germans initiate a massacre
1138.
Post 7744597 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
It sounds like he's stating a fact. Such as water is wet.
1139.
Post 7745485 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Jesus H, why hasn't anyone kicked this loser Brock Pierce off of the Bitcoin Foundation yet? Hasn't he caused enough controversy yet?
Also, how do you have a Realcoin backed to every dollar when there are $65 billion of them (dollars, that is) printed fresh every month? Are they going to 'print' 65 billion Realcoins every month too?
Stupidest. Crypto. Idea. Evar.
You give them your dollars, they give you the realcoins. Then 5 years down the line, they revalue or say that they're no longer backing the coin with dollars (like the US govt did with gold) but they're still worth a dollar. Then everyone else kicks themselves for being so stupid and Brock Pierce puts on his scuba gear and goes for another dive off his yacht anchored in the Caribbean.
LOL, FYI, when Bitcoin stops being volatile, you know its reached market saturation, Brock Pierce's solution is actuary a tax on people who don't understand Bitcoin's volatility is a feature.
Exactly, you don't often hear investors complaining when the stocks in their portfolio go to record heights (unless their sighing about needing to find new ideas to swap their current ideas for because of overvaluation but that is a luxury problem).
1140.
Post 7751713 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
And people may think that it is pegged to the real rather than the dollar...
I swear, that's the first thing I tought of, when I read the name. That and the bad history of hyperinflation in Brazil's most recent decades. The irony.
Same here, what good name picking. What was he thinking anyway? What makes his coin more (or less) "real" than any other crypto? Some are worse than others, but they're all real ...
1141.
Post 7755924 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
Yup.
But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop.
October 2013
1142.
Post 7762019 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
I became a Hero Member today. Prepare for takeoff.
Congrats hero!
1143.
Post 7766883 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...)
This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up.
It's starting to look silly.
I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day.
I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble.
i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD.
But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!)
Why the hell would you sell if we get below 534 USD considering all the good things you quote?
1144.
Post 7769705 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Okay, if they're really approving an exchange this is great news, but it has actually been
unbanned before in Thailand. Many of the countries that had a rather strict stance on it before have since changed or at least softened their position.
Slowly backpedaling and then denying they ever fought it. Sounds like politicians.
1145.
Post 7770802 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
I know that girl in real life
you're the black dude?
And he took her advice!
1146.
Post 7771610 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Monkey says 610 was probably a bottom for the day.
I know that will seem obvious to many.
But hey, I'm buying so I'd like company.
After you're done buying of course!
1147.
Post 7773366 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Monkey says 610 was probably a bottom for the day.
I know that will seem obvious to many.
But hey, I'm buying so I'd like company.
Thank you for the 500 BTC buy on Stamp, but it still only managed to push us up to $619
Not much beneficial, we need big buying order, 500-1k won't push too much. Selling pressure is big.
With half the bullish sentiment that we had yesterday then wall guys coins would be gone now I think
Don't know why there's still so much selling pressure.
1148.
Post 7773422 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Has the Bitfinex Sentiment Index ever NOT been Very Bullish?
Yes. It even has gone slightly bearish, but only during the strongest bear markets.
It has never been Very Bearish.
Has the Bitcoin market ever been not bullish?
(Answer: zooming out: NO).
1149.
Post 7773502 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Monkey says 610 was probably a bottom for the day.
I know that will seem obvious to many.
But hey, I'm buying so I'd like company.
Thank you for the 500 BTC buy on Stamp, but it still only managed to push us up to $619
Not much beneficial, we need big buying order, 500-1k won't push too much. Selling pressure is big.
With half the bullish sentiment that we had yesterday then wall guys coins would be gone now I think
Don't know why there's still so much selling pressure.
We are not still on bullish mode, we are still sideways and consolidating that is good for future price when price will move upwards so 600 marks will be base.
I agree but I would assume for the walls to dry up and the volume to slowly approach zero before the lift off.
1150.
Post 7773571 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
How the hell did you come up with the lower line of the wedge (the white line)?
1151.
Post 7775495 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
What stage are we at? Like I said: no market goes straight up. And if it had continued the way it was all the easy money guys, the speculators, the get-rich-quick people, those people almost never get rewarded. They jump in and out of things and they loose. There has to be a shakeout to have a healthy bull market. If it continued going, the blow-off top (the peak) would be a lot sooner and a lot lower. It's going to go far far higher because of this healthy shakeout we've got.
Mike Maloney
(in a different context, but who cares?)Didn't the tree shake enough for this already?
1152.
Post 7777016 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins!
100s of coins in NOT a whale. A whale is something like 5k BTC and up.
1153.
Post 7777285 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins!
100s of coins in NOT a whale. A whale is something like 5k BTC and up.
That was then. It is now.
No that is now. If you think someone with ~$60k in Bitcoin invest is a whale you are delusional. Even someone with 5k BTC is a borderline whale.
1154.
Post 7777298 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
So sad about Klee's lost
Do we now if the theft has dumped klee's 1170btc already?
Could you link to the topic?
1155.
Post 7777720 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins!
100s of coins in NOT a whale. A whale is something like 5k BTC and up.
That was then. It is now.
No that is now. If you think someone with ~$60k in Bitcoin invest is a whale you are delusional. Even someone with 5k BTC is a borderline whale.
OK. Probably you haven't noticed the smile. Next time I'm joking I'll put five smiles in a row, specially for you
Cheers
1156.
Post 7786246 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
I guess people decided they wanted Bitcoins after all
1157.
Post 7791924 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Break that wall pls.
I don't think it will going to break today, last 2 hours nothing happenning in market just like constant around 630.
But the wall is getting thinner and thinner
1158.
Post 7792550 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
And someone's dumping again.
1159.
Post 7793834 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Are the walls getting eaten or pulled?
1160.
Post 7797664 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
A lot of nice sentiment around today. And one big 2k buy is what we get on stamp to show for it?
ATH please. August/September shouldn't disappoint.
End of this year I can haz house plz.
Whats a house worth in your world?
I am sure it just depends on the house, no matter what "world" he is in.
Yeah, i know.
Wanted to know what amount he his hoping for 100k$, 200k$, 1Mio$...
Any of those will do but for now let's visit $5k ok?
1161.
Post 7798438 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Chinese super wall... 3500 BTC... Crash time
Jesus, someone in china woke up grumpy
Or with blue balls cause he didn't get laid last night and is taking it out on the rest of humanity, ahem cryptoland.
Or he needs a REALLY expensive hooker.
1162.
Post 7798505 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Can anyone point me to the 3500 Sell wall? I cannot find it.
1163.
Post 7798744 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
slow rallies are good for support. I don't mind. We are right on track
It's looking a bit slippy though.
A 7.4k market buy on stamp will take it over $700. GOGOGOGO
1164.
Post 7798909 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Yeah, but look at that massive sell wall @630 on BTC-e. Could be fake though.
What do you mean fake? Doesn't someone need to have his founds available in his account in order to put an order?
It's BTC-e. Who takes them seriously really?
1165.
Post 7803529 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
I asked in the bitcoinwisdom thread for a chat feature in the chart page. They answered they were already looking for it....
ANOTHER REASON TO BUYBUYBUY !!!!!!!!!1 BTCBTCBTC
You think a troll-box on a chart site is bullish?
Everything is
awesome bullish!
1166.
Post 7813499 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
nice little upward trend we have going on...slowly ticking upwards...could break out any day now IMO
2 to 3 weeks I'd say
edit: until lift off I mean, not ATH
1167.
Post 7813997 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
It touched THE LINE, but didn't cross it.
Which line?
1168.
Post 7836980 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
I haven't been around to make this place interesting because I am bored with the price. I will be excited when we hit $680
Maye empowering's post will help you?
How about some yoga guys? getting tense in here...
Analyse that.
1169.
Post 7844684 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
On 7/14/2014, at 3:11:25pm EDT, ChartBuddy became self-aware...
The singularity!
1170.
Post 7845339 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
1171.
Post 7848439 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.58h):
Everybody and their mother is bearish on TradingView, all calling for 500s and 400s at this point. Everyone going short. Tell me this means we are going to the moon soon.
I would be really surprised if that happened now for more than a flash crash (with flash recovery). Then again, it's not like the unexpected never happens with Bitcoin
1172.
Post 7848722 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
the relative stability we're in is just dragging on... i hope all this "july 24th" business actually bears fruit.
What about july 24th?
Lift-off apparently
1173.
Post 7849745 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Nothing points to things going up.
There is huge selling pressure. Every big buy gets instantly dumped on. Good news does absolutely nothing.
Exactly like last September ...
1174.
Post 7855398 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
That so utterly bizarre - even when stripped of the commentator's framing and annotations - that I just...
So in 5 days the IMF will
1175.
Post 7855476 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
I wonder if we are we headed for a retest of the descending wedge? It is going to take a lot more than a 400 BTC dump to get to $605... The breakout we had from the wedge is not exactly looking strong either.
Hence the stability.
1176.
Post 7857617 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Even if I hated bitcoin or didn't know anything about it, 10% off would get me motivated to use it. Anyone selling right now is crazy.
There is a unintentional irony to this statement, lol.
Use Bitcoin to buy but immediately replace? Make sure the bad many (fiat) flows away while the good money grows or stays constant. It might be a paradox but it's definitely not irony
1177.
Post 7859244 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze.
There are barely any shorts out there, a long squeeze is far more probable at the moment.
I think you are mistaken. Although technically not shorts, many people sold a large portion of their holdings trying to buy back cheaper. When the price escapes from them they'll panic buy. It's one of the first things that happen when a growth spurt is looking to start and is actually the thing that really ignites it
1178.
Post 7859707 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
The link was posted on bloomberg two weeks ago...
ya but why is winki only tweeting it now?
He could have been busy. I hope it's because something actually changed
1179.
Post 7860686 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
I have the seem feeling.
Slowly but surely... 2 da M00N!
No such thing in Bitcoin
1180.
Post 7863435 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
End of the line. Time for another breakout.
1181.
Post 7874847 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
lol every exchange has minimal trading if you just decide to take out all the big trades lmao
Even with the BIG trades, volume has never been so slow since 2012.
But if you look at volume in dollar terms?
No not in Dollar terms no. But that's because of the exponential rise in market cap. Relative to market cap: yes
1182.
Post 7882784 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).
We can just hope that this is not insider...
Insider of what?
Also, what about not challenging them? If you won't I will! I doubt it will have an effect at any rate
1183.
Post 7885592 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
I don't believe the over 70, no way!
I am almost 64...
Explains a lot. I'm suddenly a little critical of you, it's less your fault your stuck in your belief-structure at age 64.
1184.
Post 7886071 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.
Well:
we won't be going sideways for 2 yrs that's for sure.
2 years is a sure thing. I am thinking weeks though
. (Of course it's impossible to be certain).
1185.
Post 7895000 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
It seems someone wanted coins.
1186.
Post 7896421 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Atleast we are back to 630 and it didn't take big volume.
And what does this tell you?
That there is low volume and yep we don't have enought buyers.
Wrong. It tells us very few people are willing to sell at these prices.
1187.
Post 7896458 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Atleast we are back to 630 and it didn't take big volume.
And what does this tell you?
That there is low volume and yep we don't have enought buyers.
Wrong. It tells us very few people are willing to sell at these prices.
Just one motherfucker dumping 1000s a couple of times each day.
One gentlemen wishing to divest at these levels for some reason. He is free to do so
1188.
Post 7896699 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)
I don't agree with this interpretation.
200.2m: Virtual Currency means any type of digital unit that is used as a medium of exchange or a form of digitally stored value or that is incorporated into payment system technology.
200.2n5: controlling, administering, or issuing a Virtual Currency.
So, by their definition, VC is the currency, not the protocol. Satoshi has published Bitcoin the protocol, but he has never "issued" Bitcoin the currency.
Mastercoin and Ripple could be in trouble, though.
Satoshi mined so he did "issue" Bitcoins.
1189.
Post 7897532 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
you want to know how they will regulate Bitcoin in NY state ?
http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyzEntities are considered dealing in virtual currencies if:They transfer Bitcoins on behalf of one person. This includes Bitcoin tipping (/u/changetip), mixers, Blockchain.info Send Shared, CoinJoin, Dark Wallet (200.2n1)
They hold or have control over Bitcoins for their users. This includes Mining pools, Coinbase, Circle, Greenaddress.it, all exchanges. (200.2n2)
They buy or sell Bitcoins as a business activity. This includes Local Bitcoins sellers, #bitcoin-otc. FinCEN statements includes selling physical coinage (including casascius coins) also regulated. (200.2n3)
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)They trade any virtual currency, even for another virtual currency. This includes alt coin exchanges. Mintpal, Cryptsy, BTER, etc (200.2n4)
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:Perform AML and collect identities, including verification of government issued Photo ID and proof of address, and retain these information for 10 years. (200.15a)
Retain all transaction logs for 10 years, including real name & physical addresses of ALL parties of a transaction - yes, including whoever you are sending to. (200.12a1)
Report all transactions over the USD value of $3000, and file Suspicious Activity Reports. (200.15g4)
Maintain collateral in the form of USD, including collateral for Bitcoin balances. The % as collateral is unspecified.
Retained earnings and profits of in invested in US dollars. They may not keep any profit in Bitcoin. (200.8b)
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)Not obfuscate any transactions - Bitcoin mixing would be illegal. (200.15f)
Interesting: now these people who creates altcoin would be
committing a crime, even satoshi committed a crime following this logic. and NY wants to take your coins, so you wont be able to use your coins as a saving method ? yea so bad news for hodlers.
this is the whole document if you want to read it
http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdfEasy solution? Incorporate outside of the US and give them the middle finger. Americans always think their laws apply outside of the US.
1190.
Post 7897717 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
you want to know how they will regulate Bitcoin in NY state ?
http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyzEntities are considered dealing in virtual currencies if:They transfer Bitcoins on behalf of one person. This includes Bitcoin tipping (/u/changetip), mixers, Blockchain.info Send Shared, CoinJoin, Dark Wallet (200.2n1)
They hold or have control over Bitcoins for their users. This includes Mining pools, Coinbase, Circle, Greenaddress.it, all exchanges. (200.2n2)
They buy or sell Bitcoins as a business activity. This includes Local Bitcoins sellers, #bitcoin-otc. FinCEN statements includes selling physical coinage (including casascius coins) also regulated. (200.2n3)
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)They trade any virtual currency, even for another virtual currency. This includes alt coin exchanges. Mintpal, Cryptsy, BTER, etc (200.2n4)
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:Perform AML and collect identities, including verification of government issued Photo ID and proof of address, and retain these information for 10 years. (200.15a)
Retain all transaction logs for 10 years, including real name & physical addresses of ALL parties of a transaction - yes, including whoever you are sending to. (200.12a1)
Report all transactions over the USD value of $3000, and file Suspicious Activity Reports. (200.15g4)
Maintain collateral in the form of USD, including collateral for Bitcoin balances. The % as collateral is unspecified.
Retained earnings and profits of in invested in US dollars. They may not keep any profit in Bitcoin. (200.8b)
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)Not obfuscate any transactions - Bitcoin mixing would be illegal. (200.15f)
Interesting: now these people who creates altcoin would be
committing a crime, even satoshi committed a crime following this logic. and NY wants to take your coins, so you wont be able to use your coins as a saving method ? yea so bad news for hodlers.
this is the whole document if you want to read it
http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdfEasy solution? Incorporate outside of the US and give them the middle finger. Americans always think their laws apply outside of the US.
the problem is that most likely the other states will follow the same path, Businesses in EU will have a big problem serving US customers, at the end they will have to ban US customers if the hassle is too much for them.
Why do they have to ban them? because the US says so ... bitch please. Non American who are not in America do not have to follow US laws. You can make laws to attack the US customers of these businesses though. Good luck
1191.
Post 7897824 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
you want to know how they will regulate Bitcoin in NY state ?
http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyzEntities are considered dealing in virtual currencies if:They transfer Bitcoins on behalf of one person. This includes Bitcoin tipping (/u/changetip), mixers, Blockchain.info Send Shared, CoinJoin, Dark Wallet (200.2n1)
They hold or have control over Bitcoins for their users. This includes Mining pools, Coinbase, Circle, Greenaddress.it, all exchanges. (200.2n2)
They buy or sell Bitcoins as a business activity. This includes Local Bitcoins sellers, #bitcoin-otc. FinCEN statements includes selling physical coinage (including casascius coins) also regulated. (200.2n3)
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)They trade any virtual currency, even for another virtual currency. This includes alt coin exchanges. Mintpal, Cryptsy, BTER, etc (200.2n4)
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:Perform AML and collect identities, including verification of government issued Photo ID and proof of address, and retain these information for 10 years. (200.15a)
Retain all transaction logs for 10 years, including real name & physical addresses of ALL parties of a transaction - yes, including whoever you are sending to. (200.12a1)
Report all transactions over the USD value of $3000, and file Suspicious Activity Reports. (200.15g4)
Maintain collateral in the form of USD, including collateral for Bitcoin balances. The % as collateral is unspecified.
Retained earnings and profits of in invested in US dollars. They may not keep any profit in Bitcoin. (200.8b)
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)Not obfuscate any transactions - Bitcoin mixing would be illegal. (200.15f)
Interesting: now these people who creates altcoin would be
committing a crime, even satoshi committed a crime following this logic. and NY wants to take your coins, so you wont be able to use your coins as a saving method ? yea so bad news for hodlers.
this is the whole document if you want to read it
http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdfEasy solution? Incorporate outside of the US and give them the middle finger. Americans always think their laws apply outside of the US.
the problem is that most likely the other states will follow the same path, Businesses in EU will have a big problem serving US customers, at the end they will have to ban US customers if the hassle is too much for them.
Why do they have to ban them? because the US says so ... bitch please. Non American who are not in America do not have to follow US laws. You can make laws to attack the US customers of these businesses though. Good luck
you have no clue about how the US government operate outside their borders, a sad fact but if US had a different tolerant policy toward others the world would be a better place and not as we see today.
They can only act this way because people obey them. Don't obey these fuckers please.
1192.
Post 7899911 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Dear Bitcoin,
You implied a bubble was coming in July. I have my spreadsheet of all buying and selling during the runup completed. I have my peak and trough strategy thought out, calculated and in the spreadsheet. I know my complete strategy (except how I will run a business and sleep for 1 month).
I have even researched my tax minimization strategies for when you make me rich.
Could you get off the couch and bubble, please?
Thanks, your friend,
Sandia
P.S. - XOXOXO
I wonder, if Bitcoin doesn't rally soon can we sue it for implying a rally and not delivering?
1193.
Post 7912414 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
lol OH they really did start accepting Bitcoin
No not Dell I wish they'd go bankrupt. Mr Dell stole my shares in Dell last year
1194.
Post 7912473 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
lol OH they really did start accepting Bitcoin
No not Dell I wish they'd go bankrupt. Mr Dell stole my shares in Dell last year
Lol he didn't steal he bought them
he stole, I didn't want to sell at that low ball price.
It was similar to me kicking you out of your house, handing you a $5 note and claiming I bought it. He's a fucking lowlife thief. I wouldn't piss on him if he was on fire.
1195.
Post 7936568 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Take Dell for instance and personalise it for understanding. Michael Dell is already rich beyond the dreams of Croesus -
Because he stole my (and every public shareholder's) money. I hope the asshole invests his entire net worth in Bitcoin and then deletes the private keys. I hope he spends his life begging in the streets.
1196.
Post 7936715 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_12.59h):
Take Dell for instance and personalise it for understanding. Michael Dell is already rich beyond the dreams of Croesus -
Because he stole my (and every public shareholder's) money. I hope the asshole invests his entire net worth in Bitcoin and then deletes the private keys. I hope he spends his life begging in the streets.
Story behind this?
Read the take private story of Dell last year. Shareholders were forced to sell their shares to Dell and some of his friends for less than the shares were actually worth (yes yes more than market price but the share price was depressed). Carl Icahn fought it but I guess he was bought off.
1197.
Post 7975768 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
interesting survey being conducted (high sample size, already more than 2000 participants).
example of a result:
(click link for all results)
it seems 2014 is not a good year at all regarding adoption (only 1% heard about bitcoin in 2014).
suprising the price doesn't slide more with ~ $2 million dollars worth of coins being mined each day (and probably quite a large part of them hitting the exchanges)
thoughts?
I doubt this poll is reliable at all. Look at the amount of people with 2008 and 2009 (2008 impossible, 2009 less than a dozen people worldwide).
1198.
Post 7992566 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
This kind of graph won't help us, we are really lacking on Volume, without volume we will not going anywhere.
I am really surprise to see whales are sleeping last 2-3 weeks.
yes, when the volume reaches it's lowest point is exactly when we'll be going places.
1199.
Post 7993508 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Why charts explanation say same thing, no difference at all, then what is the benefit of explanation just post graph.
Click the link and read the explanation
1200.
Post 7995515 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Huobi's volume for the UTC day that just ended (Wed Jul/23) was only 5830 BTC, even less than the previous day's. It was again the lowest daily volume since Nov/02 (5512 BTC).
The last eight daily volumes were
Jul/16 Wed 14138
Jul/17 Thu 19098
Jul/18 Fri 21414
Jul/19 Sat 15092
Jul/20 Sun 8284
Jul/21 Mon 12259
Jul/22 Tue 7783
Jul/23 Wed 5830
Is Huobi shriveling for good, or is it just a temporary lull? Or is the low volume due to the stable price? Or the other way around?
This looks very good. Do you have similar list for other exchanges.
Volume is drying up boys. Get ready
1201.
Post 8001302 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Hey!
If someone wants to earn few bucks during few hours this is a good time to buy few BTCs and sell at the end of a day.
$614 is quite low and I predict that it won't go lower today.
I think none of your previous predictions were correct. Maybe you should take that as a hint.
Predicting market is one of the hardest task in trading world, because if you are really that good in predicting then you most probably won't spent so much time on forum like this. Or you will create your blog and sell your prediction.
So don't base any trading decisions solely on the advice here
1202.
Post 8001413 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
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
Traded? He just got the biggest loan ever and went all in at whatever the all time low is.
1203.
Post 8001610 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Sitting on my fiat for 3 weeks now.
Waiting.. waiting.. ZZzzzZZZZz
I saw this little drop... but not yet going for it. Waiting this one out for now.
As far as the trading advice, honestly think about what you are saying. If you are telling someone in a serious way to buy BTC right now cause you KNOW it will rise, fucking dont.
Noobs indeed come on here, read that pile of shit and buy inmediatly. Cause it's a BTC forum.. they think all of the people on here are experts, guess what...
As far as the sarcasm mode with: BUY BUY BUY. You must be foolish to take that seriously
As far as I'm concerned you must be foolish to be in fiat. It's so fucking dangerous.
1204.
Post 8001787 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
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.
1205.
Post 8001871 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.
I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.
Here's your opening, BitChick. Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.
I guess I fell asleep too early.
Here is a verse for you all: Ecclesiastes 7:16
Do not be over righteous, neither be over wise-- why destroy yourself? That is something to ponder. I really like that verse. Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.
Basically, most religions are about karma or doing good to earn something. Fortunately, following Christ is not about that. It is about realizing we can never be righteous on our own and letting Him change us from the inside out.
I will stop now though.
There's no such thing as universal good.
1206.
Post 8001958 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Bitcoin is going down and nobody knows why. Normally there were always some news we could blame but this dump is just ridiculous. IMO people saw somebody dumping, have no idea why and are doing the same.
No one can ever tell why, but there were enough indications that we will be going down.... Why are people surprised ?
I'll be surprised if it doesn't recoil like it at the end (or beginning) of every cycle.
1207.
Post 8002343 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
how easy it became to bring the price to its knees, a 1000 BTC dump cause so much attention, there is no more interest in buying Bitcoin .... I have a feeling that the adoption rate is decreasing instead of slowing down or stopping, many people are getting out.
if things keeps this way, I will have to cash out everything in a month or so, better take my profits while I can.
agree about adoption rate is decreasing instead of slowing down or stopping, many people are getting out.
Yes you 2 are getting out I guess. Don't let the door hit you on the way out.
1208.
Post 8002941 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.
I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.
Here's your opening, BitChick. Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.
I guess I fell asleep too early.
Here is a verse for you all: Ecclesiastes 7:16
Do not be over righteous, neither be over wise-- why destroy yourself? That is something to ponder. I really like that verse. Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.
Basically, most religions are about karma or doing good to earn something. Fortunately, following Christ is not about that. It is about realizing we can never be righteous on our own and letting Him change us from the inside out.
I will stop now though.
This really saddens me because I thought you were a balanced and open minded individual. Unfortunately, even if you don't belong in the same class of idiots like igorr, mah87 and co., I will have to put you on ignore. There are VERY few things worse in this world than overzealous religious cultists.
Balaced haha. She and her husband are complete wackos.
. "Wackos"
You may not agree with them but they have not said anything that puts them in that category.
he thinks they're wackos for investing heavily in Bitcoin. If that makes them wackos many of us are in the same category.
1209.
Post 8002976 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Meanwhile, secondmarket is upping the buying again. Up 336 BTC in the last two days. I assume today will be an even better for them
1210.
Post 8004444 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
As others have mentioned there are no buyers.
I think that was pretty clear already for the last month or longer.
Are there still people here who expect us to magically go to 1000+ soon?
I certainly don't.
there are few sellers, hence the lack of volume.
1211.
Post 8004971 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
OMG THIS IS THE SILK ROAD EVENT!
We are on our way to new ATH!
I don't think so.
Silkroad bust was a relief for many and allowed them to get into BTC.
Where's the relief now?
not comparable.
I guess everybody missed the sarcasm
Why sarcastic? I'm dead serious.
1212.
Post 8005443 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
BitchicksHusband might even chime in but he is speaking at a Christian youth camp this week.
We live in a world where people can openly brag about child abuse with no expectation of being called out on it.
Nice to see her bat shit crazy husband is poisoning the mind of children so they can become bat shit crazy like him.
Religion and children. Such a good combination.
OK. So what have you done lately to encourage the younger generation to love themselves and love others and to make a positive difference in the world?
By example, by doing the first and the second
1213.
Post 8010682 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Today was a bad day. Just because we broke the 600s. I never wanted to go south of that. Nothing good comes of this. We can just hope that this at least fostered our support lines. But the rebound was pathetic at best.
Did you sell below 600? No? the who cares where the price went ...
1214.
Post 8010700 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
He's resigning to throw himself fully at BTC. A strange reason to panic.
That is just what the public announcement says. You cannot take such announcements at face value. He may have been fired or he may have left, for any of many reasons.
He's going to lead a spin-off focusing on digital currencies (read: Bitcoin).
1215.
Post 8011525 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
He's going to lead a spin-off focusing on digital currencies (read: Bitcoin).
[troll]Or Realcoin?
[/troll]
Read the names of the companies invested in in the spin off and know it's all completely Bitcoin.
1216.
Post 8011749 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
He's going to lead a spin-off focusing on digital currencies (read: Bitcoin).
[troll]Or Realcoin?
[/troll]
Read the names of the companies invested in in the spin off and know it's all completely Bitcoin.
Ripple Labs?
Either the article I read didn't mention that (it summed up 10-15 companies) or I missed it. Are you certain?
1217.
Post 8012057 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
Read the names of the companies invested in in the spin off and know it's all completely Bitcoin.
Ripple Labs?
Either the article I read didn't mention that (it summed up 10-15 companies) or I missed it. Are you certain?
Did you mean this list, linked from the CoinDesk article?
https://angel.co/bitcoin-opportunity-corpNo, but thanks for the link!
1218.
Post 8016543 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
I am a hero now. Bow before me, lesser mortals!
*cough* Sorry for that.
As you were...
It says hero, not deity
1219.
Post 8020914 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?
Two circulating rumor/explanations:
-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side
I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason
yeah it looked very random to me. I think the people dumping there will be sorry soon and be forced to rebuy significantly higher.
1220.
Post 8021007 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.00h):
It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?
Two circulating rumor/explanations:
-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side
I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason
yeah it looked very random to me. I think the people dumping there will be sorry soon and be forced to rebuy significantly higher.
I hadn't thought about people selling btc for ether, that actually makes a lot of sense given all the pr ethereum has gotten this week
People that participated said the funds are in a multi-sig address and not used (yet of course).
1221.
Post 8099247 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.01h):
Yes, final capitalization it is. Are we all in agreement Bitcoin is done for yet? Yes? Good! Then we can finally rally ....
1222.
Post 8117224 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
Smart money accumulates and holds.
1223.
Post 8163868 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
... We’ve chosen Bitcoin as it is an established and widely recognised digital currency.
Always good to see more charity adoption, but I have to chuckle a bit when I read that part. First time I've ever heard bitcoin described as "an established and widely recognised digital currency."
I guess I'm just more accustomed to hearing "bitcoin: the anonymous digital currency used to buy drugs and fund terrorism"
You better get used to it
1224.
Post 8171291 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
However, it involves the government propping up financial institutions or big companies or "protecting" the military and police and private property, that is called democracy and capitalism... which is a "good" thing....
That would be crony capitalism, which is equally evil.
I'm from Europe and I completely agree. France is the last country in Europe I'd want to live. They`re basically communists. And yes stealing the wealth of people actually contributing to the country is indeed a bad thing. Very few people in my country agree
distributing money to the people does NOT sound like a bad thing... especially considering the other extreme could be attempting to privatize public goods... there is such a thing as public goods and there is such a thing as privatizing what should be public goods.
I could not disagree more. Public goods should not exist. All public goods are stolen, directly or indirectly.
1225.
Post 8172051 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
we can do the same; we just have to pay our workers like they re chinese. Check the hartz laws, why do you talk economy if you don t even know how your neighbor shits
i m not nationalist, i fugg with em every day
htown? you are from france and you live in Houston?
I am currently in Paris but i was in Houston for five years -for work-. American industry love french ppl because they work, and they work good......
anyway, im not a fuggin nationalist, im just aware of the strenght of my country. Because i read from everywhere, and not only in plotist blogshit like hdbuck ^^ peace ^^
and when i read "lepen in 2017 plus civil war" from a french i want to cry ^^
However, it involves the government propping up financial institutions or big companies or "protecting" the military and police and private property, that is called democracy and capitalism... which is a "good" thing....
That would be crony capitalism, which is equally evil.
I'm from Europe and I completely agree. France is the last country in Europe I'd want to live. They`re basically communists. And yes stealing the wealth of people actually contributing to the country is indeed a bad thing. Very few people in my country agree
which country is that if i may ask?
I bet on Denmark, the country where fuggin with animals is okay
burn this shit
Netherlands (and no, fucking animals is no longer legal).
1226.
Post 8172188 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
Netherlands, weird folk too
how can you say its bad to distribute money to ppl, its not about throwing money to ppl who don t want to work. If you don t work you have like 400€, tuna pasta errday, enjoy your life ^^
It s about creating free hospital or school
the problem of the world is usa (and its not new), they do what they want, just look what they do in argentina. Wait till europa says fugg you us, we will laugh rly hard
Because they steal it from people. If they want to give money to people because they 'deserve' it they should try giving their own and not mine.
1227.
Post 8195778 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.
Fiat is not meant to be hodled.. it's meant to be invested or consumed.
Hoarders who stall economic growth are punished for a reason.
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
1228.
Post 8196017 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.02h):
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.
For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.
1. Most people cannot. Even most university graduates cannot.
2. The real inflation is an order of magnitude higher than 3%
1229.
Post 8205889 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
I agree with you about the well written aspect..... and I will add that I believe that the ODDs of this story being true is likely less than one in a thousand.
Yes, extremely unlikely to be true.
1230.
Post 8210962 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
Another day goes by and the accumulation rolls on.
We daily think that accumulation going on, but we can't say surely because it's too long now.
We are stuck between 540 to 660, and this very big range.
I'd say the range is more like 540 to 620. Breaking the 620 level will be significant. I'm pretty sure
someone is accumulating -- that Huobi bid whale. Not sure what everyone else is doing..
People accumulating are thanking their respective deities on their bare knees Bitcoin isn't rallying yet.
1231.
Post 8231190 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
Your username seems properly chosen. You are very wrong though
1232.
Post 8231237 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
Your username seems properly chosen. You are very wrong though
I'm never wrong! You'll see...
Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down
1233.
Post 8231393 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
Your username seems properly chosen. You are very wrong though
I'm never wrong! You'll see...
Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down
My so sophisticated and very accurate TA skills, are going far beyond falling triangles and my prophesys are always true. In few weeks you'll bow down and ask:
How did you know this, Dumpe3r?! Could you teach me your TA?
When given the opportunity I'd advice you not to bet on that
1234.
Post 8269283 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
That is one reason why I am skeptical of bitcoin: I have yet to see a "business plan", a consistent and fairly complete description of a future "bitcoin economy", with explicit numbers for volume of commercial use, fees, confirmation delays, deflation rate, wealth distribution, hoarding, banking, legal status, taxes, mining costs, etc.
Might as well ask for a unicorn while you are at it
.
I want a rainbow castle in the sky!
1235.
Post 8280095 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
If there is one thing I have learnt about Bitcoin this year it is that no one has a clue what is going to happen with the price
Good lesson. Applicable outside of Bitcoin though.
1236.
Post 8294731 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.03h):
Everyone needs to get bearish so we can liftoff again.
So you think we need to shake out some longs first, or do you think we simply need to get the movement going again? I try to understand why people feel the need for another crash before a new rallye can emerge!
need real despair. i mean REAL. almost to the point where you will think the game is over and that bitcoin failed.
Wow, yeah.. That would surely spark a decision I guess.. But I don't know if I could handle that, I'd be freaking out completely. But I want to stay in Bitcoin, I don't want to play it safe or try to daytrade the market (because I'd fail
) What can I do to ease my mind a bit?
Despair only helps existing bears, useless.
We need
new people to get in, that's all.
But that sounds like the logic on which a pyramid scheme is based on! Aren't we trying to shed that clichee off of Bitcoin? Although I guess it is kind of true, because more people have to come in (or funds, to be precise) than there are new BTC mined every day!
Pyramid scheme's need new people to stay afloat. Bitcoin only needs it for a price rise to occur.
1237.
Post 8335929 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
Whatever is happening we seem to be having volume.
1238.
Post 8336209 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
Whatever is happening we seem to be having volume.
Good volume compared to the last few weeks, but still less than in the gold bubble times.
But it is a start anyway
Go back and look at the daily volume at the start of the growth spurts.
1239.
Post 8336494 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
Whatever is happening we seem to be having volume.
Good volume compared to the last few weeks, but still less than in the gold bubble times.
But it is a start anyway
Go back and look at the daily volume at the start of the growth spurts.
Did it and I saw a 2000 red dildo on volume for today.
When I scroll left, from decenber to march, I see the biggest dildo around 13k, and lots of 4k+ dildos
So we still with less volume than in the bubble period.
October 4 until October 13 are lower than today (by quite a bit). October 14 to 18 are comparable. Then there are some larger spikes but also times with lower volume during the entire spike upwards.
1240.
Post 8336557 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
we don't know for how much the coins went...
True, but is was widely speculated that they went for approximate market price or slightly over.
I think ~600,00$ was a pretty reasonable guess.
Well, it has been widely speculated that the Earth was flat and the Sun traveled around it.
It seems
likely that the price Draper paid was somewhat below market (574--590$ on Bitstamp, Jun/27, 06:00--18:00), partly because it would be a rational bid,
but mostly because if he had paid at or above market he would probably have said so, to support the price. Said another way, one possible explanation for why he and Siebert refused to reveal their bids is that the price they offered would have been "bad news" for the market.
As for the other end of the range, we have only one bid that was revealed, in the low 400s.
So, it could be anything between those two numbers. My guess is that it was between 500$ and 550$. It would have given him a 10--20% profit, if he sold at market in the following weeks.
Do you understand the concept of lying?
1241.
Post 8336665 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
we don't know for how much the coins went...
True, but is was widely speculated that they went for approximate market price or slightly over.
I think ~600,00$ was a pretty reasonable guess.
Well, it has been widely speculated that the Earth was flat and the Sun traveled around it.
It seems
likely that the price Draper paid was somewhat below market (574--590$ on Bitstamp, Jun/27, 06:00--18:00), partly because it would be a rational bid, but mostly because if he had paid at or above market he would probably have said so, to support the price. Said another way, one possible explanation for why he and Siebert refused to reveal their bids is that the price they offered would have been "bad news" for the market.
As for the other end of the range, we have only one bid that was revealed, in the low 400s.
So, it could be anything between those two numbers. My guess is that it was between 500$ and 550$. It would have given him a 10--20% profit, if he sold at market in the following weeks.
even $500-550 seems too expensive if you ask me, selling 30K
BTC in this weak market would bring as back to $300 right away, but even buying that much would take us beyond $700, and we both know that big trades happens off exchanges which make your explanation logical and closer to what have happened.
So how do you think this $1.6M purchase in Bitcoins with Bitpay influenced the market?
www.siliconbeat.com/2014/08/12/tech-entrepreneur-pays-1-6-million-in-bitcoins-for-tahoe-parcel/
1242.
Post 8336928 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
... but mostly because if he had paid at or above market he would probably have said so, to support the price. Said another way, one possible explanation for why he and Siebert refused to reveal their bids is that the price they offered would have been "bad news" for the market.
...
Do you understand the concept of lying?
Not sure how lying factors into this. Explain?
You say he didn't pay above market because if he did he would say so to push up the price. And I'm saying even if he paid less he could just claim he overpaid to achieve the same thing.
1243.
Post 8337001 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
Of course we have volume now compared to the last few weeks; everyone is running for the exits! I don't think that's the type of volume most people here have been waiting for, no matter how the bulls try to twist it...
Just shaking out the weak hands (That one is dedicated to Gloomskit).
We've been doing that for quite a while. In a bit we'll be picking up weak hands once more and repeat the cycle.
1244.
Post 8337247 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
Whatever is happening we seem to be having volume.
We're not going to die from boredom after all. Yay!
Testing reverse thrusters .... Check
1245.
Post 8337291 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
... but mostly because if he had paid at or above market he would probably have said so, to support the price. Said another way, one possible explanation for why he and Siebert refused to reveal their bids is that the price they offered would have been "bad news" for the market.
...
Do you understand the concept of lying?
Not sure how lying factors into this. Explain?
You say he didn't pay above market because if he did he would say so to push up the price. And I'm saying even if he paid less he could just claim he overpaid to achieve the same thing.
Most people prefer not to lie unless they have to. The downside of being caught in a lie simply outweigh the potential gains. And, of course, there are a few creeps who don't lie because they feel it's immoral.
Well, depending on whether the feds need to release this info at some point (he should know for sure) it can be a very easy lie opportunity if what you say is correct. I'm not so sure price would have gone up if he announced overbidding. The market seems very disconnected from fundamentals or any sort of related news.
1246.
Post 8347817 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.04h):
Will we see a classic vertical panicky bottom with a rebound or will it slowly grind up again?
Don't know, how much panick bottom we will see.
But I am little worry now, price move down to below 520.
Now I have to wait so much for selling my coins.
Why do you wish to sell your coins?
1247.
Post 8350070 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
We seem to follow October 2013 to the letter ...
1248.
Post 8369969 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
They'll be a huge move upwards... but I think we have to clear the underbrush of leverage further, first. Remember, crashes in most markets with leverage typically stop at 55%. Maybe we'll stop sooner, but with $20mil in longs on Finex... don't bank on it. Wait until a bottom confirms and buy. This is pretty easy stuff. And yes, we'll lever all the way back up.
55% of 1163 is $640. We're already way over 55%.
1249.
Post 8371464 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
11,000 coins to $450
7500 coins to $1000
Is that accurate? If so: bottom reached, let's bounce!
1250.
Post 8371545 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (
hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.
Oh well, I wasn't going to buy yet, but now that Hungry.dk is in on the action I really don't know how I could control myself.
WTF!! OMG!!
In a small country like Denmark it is big thing that 744 take away restaurants now
accept prefer bitcoin as payment. Just saying...
10% off too!
makes me hungry.
Yes! hungry.dk gets it pass on some of the savings to the customer and make more money. Other retailers should take this as an example.
1251.
Post 8371646 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
I also have some respect for Risto, but i'm asking myself why did he waste 1 million euros (or 600k not sure of the figure) over a castle when he is so certain of bitcoin exponential trendline..
I can't know how much that property is worth exactly, but anyway it is a nice architecture and should be great to live in, for the next couple of centuries, when fully restored.
No matter what happens to bitcoin.
He is trying to build a crypto-network around him which he calls supernode. He thinks this will provide him with opportunities he would otherwise miss and gives him the opportunity to influence crypto in general and Bitcoin in particular so the value will rise faster than if he did not do this. He feels a physical location such as a castle is necessary for this.
1252.
Post 8378616 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
And here we go again. These idiots just won't stop.
Exactly, how odd. I was expecting stability above 500 based on the depth on the order book. I wonder when it goes up again.
1253.
Post 8378665 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
are the banks getting scared? last night my account got frozen when I tried to buy a bitcoin, just like they don't with every other transaction I make online.
Their excuses were very wish wash today and seemed to change during the conversation. Ending with "it would be good not to make another transaction for 24 hours" wtf is that
They did this to me in 2012 already. What's more they refused to do the transaction even after contacting them by phone.
1254.
Post 8378970 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
Few coins on ask side. Could see a quick move upwards..
no way, give up your hope! there is no upward move, bitcoin is going to nowhere but down!
1m bid vs 1 sell = still going down
the final capitulation incoming!
Ha. You are hilarious. Looking forward to the market turning so you disappear.
Exactly. The market on the ask side is so thin ...
1255.
Post 8383650 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
I´m almost 100% sure that all of those smallish investors that sold their Bitcoins on Stamp or China in the last weeks will withdraw their money and invest it in e.g. U.S. bonds. Therefore the value of BTC will probably go near 0-1$
anything marked as US will fail in the next few years... I have some money in the bank that I am not comfortable about leaving there, but liquidity is important for small/medium needs...so I am thinking about 2 possible scenarios, Investing in Bitcoin later when the price bottoms or investing it in gold for the long term scenario that I think will happen (war, total collapse...).
US bonds? You might as well burn it immediately. At least that will provide some light and warmth.
1256.
Post 8384058 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
Investing in Bitcoin later when the price bottoms or investing it in gold for the long term scenario that I think will happen (war, total collapse...).
Right now silver seems cheap as sh*t to me, and that's what you can go buy groceries with in SHTF
What is SHTF?
1257.
Post 8384082 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
Investing in Bitcoin later when the price bottoms or investing it in gold for the long term scenario that I think will happen (war, total collapse...).
Right now silver seems cheap as sh*t to me, and that's what you can go buy groceries with in SHTF
What is SHTF?
Shit Hits The Fan
You think you can still buy groceries when shit hits the fan?
1258.
Post 8384429 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
Investing in Bitcoin later when the price bottoms or investing it in gold for the long term scenario that I think will happen (war, total collapse...).
Right now silver seems cheap as sh*t to me, and that's what you can go buy groceries with in SHTF
What is SHTF?
Shit Hits The Fan
You think you can still buy groceries when shit hits the fan?
you can get them for free if you are a bad ass with a better gun than the groceries store owner... and if you have the morals to do that.
So where does silver come in? Is the store owner a werewolf? Will there even be grocery store owners then?
1259.
Post 8385051 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.05h):
Hopefully this is a bulltrap
Hopefully we dip to 450-460 range tomorrow
Hopefully that provides a launch pad for Monday-Tuesday fresh fiat
If that is the case this isn't really a bull trap is it?
1260.
Post 8395693 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Whoa, Coinbase is sold out..
"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Aug 22, 2014 at 01:49AM EDT after your funds have arrived. read more
Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Aug 22, 2014 at 01:40AM EDT."
That's bullish right ?!?!?
Well that's quite obvious isn't it? When demand exceeds supply prices are poised to move up. Of course Coinbase is only one of the markets though.
1261.
Post 8397239 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.
If anyone's interested, this provides a nice overview:
http://bitcoinprijzen.nl/?q=node/6
1262.
Post 8397678 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.
If anyone's interested, this provides a nice overview:
http://bitcoinprijzen.nl/?q=node/6Thanks!
Coinbase ran out of coins the day the Expedia news came out. Then the price proceeded to plummet another $30 in the 24 hours that followed. Ask me how I know this.
That's why CB running out of coins is meaningless news, unless we are running up in a bubble.
Any updates on Expedia? Are they allowing Bitcoin on all their products already? Did they start offering a discount?
1263.
Post 8397724 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
I really don't think they need your help. Actually I think that goes for your participation here as well.
1264.
Post 8397841 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.
The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.
1265.
Post 8397956 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.
The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.
well, we don't drink from the same bottle do we ? I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.
It's not that he doesn't agree with me. It's that he doesn't seem to understand and respond to counter arguments and merely repeats his statements in different wording. It seems he's unable to participate in any intelligent argument.
1266.
Post 8398301 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.
The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.
well, we don't drink from the same bottle do we ? I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.
It's not that he doesn't agree with me. It's that he doesn't seem to understand and respond to counter arguments and merely repeats his statements in different wording. It seems he's unable to participate in any intelligent argument.
well, I don't know, I really didn't come across this, I will pay more attention... but I still think he has some real good inputs... maybe I am more compatible with him than you with him ? I did notice that how people personally engage into a matter is really important in terms of how the audience usually receive it, for example, I cant stand Risto, and this is mostly because of the way he engages his audience, see this doesn't mean that everyone hates him, I did notice that he has some audience that goes all the way to defend him which is strange for me but understandable for them... maybe this is the problem with Jorge and many others here ?
also, maybe because we don't engage in person (face to face)there is many hidden expressions that could change the way a statement is received... for example: me telling you "oh screw you..." in person how you receive it would depend on the way I said it, if I say it with an angry face and hand waving you may get insulted and offensive but if I said it with a big smile/laugh you would receive it as a joke or a meaningless act.... but in the forums it is all different, I am sure that people don't understand each-other because of this problem add to that we are not all native English speakers.
Good points
I also don't like a lot of mannerisms of Risto (mainly the ones that can be construed as bragging and showing off). Reading through his history it's quite obvious they originate from him living through many years relatively poorly.
Ignoring the way of communicating he has many good points and is actually constructive rather than destructive. He seeks to take action and change things. This is for me more than enough to ignore the slightly smug image you get from him when you read posts in which he's clearly showing off
I don't have the same with Jorge. He seems to merely focus on putting something down, while using flawed arguments for doing so. When someone points out these flaws he ignores them rather than engaging or he used fallacies which is even worse. If it is something I have a problem with in his character it's clearly his inability to reason properly. That plus the fact he's an academic (me too) and I believe he ruins the image of academics for the rest of us in this forum.
1267.
Post 8401070 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
It's time to launch the rocket, guys! Look! We are building up our launchpad!
This time everything will be different (saying this since 1200, but hopefully nobody has taken notice.) C'mon guys, last chance for cheap coins!!! (as every day). Buy, buy, buy! (Sounds like promotion for a pyramid scheme but, yeah, you know...)
Boooom!
Please lockup the definition of a pyramid scheme so perhaps you look less foolish in the future.
1268.
Post 8401088 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Its like LTC is a leading indicator, these days.
No it's not, LTC follows (and one day it will probably stop following even). Anything else is purely coincidental.
1269.
Post 8401156 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
It's time to launch the rocket, guys! Look! We are building up our launchpad!
This time everything will be different (saying this since 1200, but hopefully nobody has taken notice.) C'mon guys, last chance for cheap coins!!! (as every day). Buy, buy, buy! (Sounds like promotion for a pyramid scheme but, yeah, you know...)
Boooom!
Please lockup the definition of a pyramid scheme so perhaps you look less foolish in the future.
Please read more carefully next time, so perhaps you look less foolish in the future.
Are you saying your post is not sarcastic? Weren't you the one who said the price was going to zero? If not, I must have mixed you up with someone else.
1270.
Post 8401454 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
It's time to launch the rocket, guys! Look! We are building up our launchpad!
This time everything will be different (saying this since 1200, but hopefully nobody has taken notice.) C'mon guys, last chance for cheap coins!!! (as every day). Buy, buy, buy! (Sounds like promotion for a pyramid scheme but, yeah, you know...)
Boooom!
Please lockup the definition of a pyramid scheme so perhaps you look less foolish in the future.
Please read more carefully next time, so perhaps you look less foolish in the future.
Are you saying your post is not sarcastic? Weren't you the one who said the price was going to zero? If not, I must have mixed you up with someone else.
I'm a troll!! I say a lot of things. And of course I'm sarcastic. I would even be sarcastic here, if I were a bull.
But what I said here is, that the bullish emotional impulses, printed to letters are looking like pyramid scheme promotion!
Deny that the price will go down! Deny that I'm sexy and clever (heresy!)! But could you really deny that?!
The price can always go down at any level. The same is true for any stock or commodity though.
1271.
Post 8401511 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.
That should decrease margin calls and may even spark a rally.
How do you do that? I only have 2.5:1 available ...
You wait for Monday
1272.
Post 8401568 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
It's time to launch the rocket, guys! Look! We are building up our launchpad!
This time everything will be different (saying this since 1200, but hopefully nobody has taken notice.) C'mon guys, last chance for cheap coins!!! (as every day). Buy, buy, buy! (Sounds like promotion for a pyramid scheme but, yeah, you know...)
Boooom!
Please lockup the definition of a pyramid scheme so perhaps you look less foolish in the future.
Please read more carefully next time, so perhaps you look less foolish in the future.
Are you saying your post is not sarcastic? Weren't you the one who said the price was going to zero? If not, I must have mixed you up with someone else.
I'm a troll!! I say a lot of things. And of course I'm sarcastic. I would even be sarcastic here, if I were a bull.
But what I said here is, that the bullish emotional impulses, printed to letters are looking like pyramid scheme promotion!
Deny that the price will go down! Deny that I'm sexy and clever (heresy!)! But could you really deny that?!
The price can always go down at any level. The same is true for any stock or commodity though.
You haven't grasped it (maybe I did not explain good)
BUT IM A TROLL! I'm not here to explain and argue!
I'm here to:
You're here to post invalid images?
1273.
Post 8401621 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Only in a very very far away future (and maybe not even then), if and when crypto/BTC accounts for the entire global money supply. Let's not count on that, mkay?
Um, no.
Bitcoin either expands until it becomes
the money, or else it goes to zero(1).
Anyone who is not interested in, and working toward, the former doesn't belong in Bitcoin.
This isn't a game.
(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/
The truth is rarely this black and white. There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.
1274.
Post 8401768 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.
Just saying that doesn't make it true.
If you've identified some error in the praxeology, then write it your argument and publish it. SNI would even accept it on their site if it's any good.
Until you've shown your work, your statement falls into the category of "random shit some guy on the internet said" and can be trivially dismissed.
The same goes for your statement
Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?
1275.
Post 8401889 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?
If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.
Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.
1276.
Post 8402717 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?
If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.
Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.
He is trying to tell you that you didnt understand what he said, look "Bitcoin either expands until it becomes the money, or else it goes to zero(1)."
read the above twice or even 3 times, and comeback to laugh at your self, you did the same thing with me before
I know, and I'm trying to get him to give me a reason to read the article as it doesn't attract me as it is to spend the time and effort to read it.
1277.
Post 8403262 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Its like LTC is a leading indicator, these days.
No it's not, LTC follows (and one day it will probably stop following even). Anything else is purely coincidental.
Whatever you say, Ledg.
Bloody toxic around here. As you were.
Come on, everyone who's been around these forums for a few years knows this. I was merely being informative.
1278.
Post 8404258 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Weekend is going to over and we are well behind the 500 level.
Now it is really hard to hold above 500 level for atleast some days.
Look at the graph your quoting.
1279.
Post 8407223 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
The majority on the poll were right.
Hmmm but will it hold?
I think back to the July 2013 post-peak low of $63. At the time it was last chance saloon for people to get in at that level. The question now is whether the recent dip into the $400s is a similar situation...
You can't compare those 2 situations. Bitcoin will keep going down and in few month ripple will replace it definitely. LAST CHANCE TO SELL
Hey Mah87 is back from the dead! Back to sprouting Ripple propaganda I see. You must be fine
1280.
Post 8407287 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Last chance to sell and cut your loose before the China sell off begins Monday morning! I urge you from bottom of my heart to take opportunity of this bounce to sell while you have a chance! Don't buy ripple or shitcoin, go back to fiat!
Fiat is the biggest shitcoin.
1281.
Post 8408073 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
OK I'm buying back for a grant of bitcoin so I can buy more ripple later.
at least your sticking to it, probably best to buy a shitcoin you really like and stick to it.
your doing it right.
I still don't understand why you are calling it shitcoin when it's more and more obvious that ripple will become huge.
Have you read this post ? what do you think about it ? If it's that shitty how does it come that banks and bitcoin exchanges are implementing ripple ?
https://ripple.com/forum/viewtopic.php?f=1&t=7577#p54772Huge premine anyone? It's probably the biggest shitcoin out there and it's not even a cryptocurrency.
1282.
Post 8408198 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Huge premine anyone? It's probably the biggest shitcoin out there and it's not even a cryptocurrency.
Mining is not important. Ripple is what is needed for the cryptoworld to move forward. And I don't understand why you are ignoring a crypto technology which is gonna onboard dozen of banks...
Because it's not a crypto.
1283.
Post 8413311 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.
1284.
Post 8413717 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Who hasn't cut his loose?
You mean losses? Who has losses anyway?
It's quite impressive to be involved in continuously exponentially rising asset such as Bitcoin for more than a year and to manage NOT to be in the green.
1285.
Post 8414584 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.06h):
Who hasn't cut his loose?
me. I use to go down with the ship since 2011 and always came back afloat richer. But I stay in crypto for other reasons too.
In the (extremely) unlikely event the ship will go down: so will I.
1286.
Post 8433199 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.07h):
in talks with who exactly ?
With Coinbase.
1287.
Post 8456435 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.07h):
You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.
He's not the only one here confusing a dead cat bounce with a bull trap ;-)
Looks like a common mistake.
All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong
).
1288.
Post 8456851 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.07h):
You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.
He's not the only one here confusing a dead cat bounce with a bull trap ;-)
Looks like a common mistake.
All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong
).
12 months, wow...that is really short term, could your prediction even get shorter ?
No, 12 months is already really short but that's because it's Bitcoin. For anything else my usual prediction period is 3-5 years out. (Yes I know you're sarcastic).
1289.
Post 8497862 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
The price is very sticky but if it starts moving it will start moving significantly.
1290.
Post 8527911 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
This graph is circulating:
Thoughts?
That is not the trendline that people were posting until six months ago. It has been modified to make it look like the current price is still within the historic channel, when in fact is has strayed below it.
Even if the price were to fall to 300$ for the next six months, we can be sure that someone would redraw the channel to say that bitcoin is "undervalued", rather than stopped following the exponential trend.
Of course someone would because that's the most likely truth.
1291.
Post 8537615 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.
I am paid by the taxpayers of the State of São Paulo, to be more precise.
You are payed by those who buy the bitcoins that you sell. That of course determines the opinion that you pretend to have about its future.
Merely b/c almost all of us, in this thread, are invested in BTC (or trading it) does NOT mean that we are biased in our comment, and that our comments are less objective than yours. Actually, you, time after time, have demonstrated a considerable proclivity to skew your various renditions of relevant influences upon the price of bitcoin and relevant influences on the future successful application(s) of bitcoin.
I know this guy gets to all of us sometimes. He's not worth you breath as he doesn't listen.
1292.
Post 8540644 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
Think we need to visit 480 before we go up further.
What makes you say that? Is that where your buy orders are?
1293.
Post 8540850 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
Someone just pumped ~ $50,00 worth into BTC on BTC-e. Could be nothing or it could be some trader looking to dump again if we go up 5%. Still, it's weird that it would happen on an exchange where BTC was trading @ $309 a week ago.
some of that love needs to happen on bitfinex. Quite a lot of coins to get bought on the way to 520.
Are we walking about 50 dollars here?
1294.
Post 8540920 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
Someone just pumped ~ $50,00 worth into BTC on BTC-e. Could be nothing or it could be some trader looking to dump again if we go up 5%. Still, it's weird that it would happen on an exchange where BTC was trading @ $309 a week ago.
some of that love needs to happen on bitfinex. Quite a lot of coins to get bought on the way to 520.
Are we walking about 50 dollars here?
3k coins to 520 on bitfinex versus 1.6k on bitstamp to 520
Walls are very high in all directions.
1295.
Post 8541047 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
Someone just pumped ~ $50,00 worth into BTC on BTC-e. Could be nothing or it could be some trader looking to dump again if we go up 5%. Still, it's weird that it would happen on an exchange where BTC was trading @ $309 a week ago.
some of that love needs to happen on bitfinex. Quite a lot of coins to get bought on the way to 520.
Are we walking about 50 dollars here?
3k coins to 520 on bitfinex versus 1.6k on bitstamp to 520
I keep telling myself that those are bears (or people on short / leveraged shorts) who are afraid that the price is breaking through a certain barrier
I say, let's grab our phones and call their margins
Don't tell yourself stories. They could. On the other hand they could not. Let's deal with facts.
1296.
Post 8542519 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
it is sad how most Americans have no clue about what is really going around the world, and still think that USA is the greatest country in the world and the land of "freedom", when most of their follow citizen still struggles and cant get the basics of a free education and health care.
Free education? How do the teachers feed and house themselves?
The students don't have to pay all their lives for loans, their education comes from already paid taxes which goes to pay teachers and expenses of college... I for once paid annually 20€ for registration fee in college and another 40€ for my dorm room, then there is the student coupons (supported price from the government ) to use in restaurants.
If I pay my tax they better use it to make my life and the life of my children better, most EU and north African countries have this system, but in the US they instead spend tax money exporting "democracy" and "freedom" around the world, billions of dollars spent on war while millions of Americans struggle in poverty and losing the basic human rights, things that even central Africans are improving at.
You don't know squat about the 'poor' in America.
I grew up dirt-poor, as we say on the south. My father was an uneducated, unskilled worker in a cotton mill, and my mother was a full-time mother to 7 kids. We never went hungry or without clothes because my father was both frugal enough and industrious enough to make sure we always had what we needed - without ANY government assistance - even though plenty of that was available to those who would take it.
In America, there is always someone who will pay you to do useful work, and my father took advantage of that fact to supplement his income. On the weekends, he would grab me and/or one of my brothers and we would go do house painting or general handyman work, yard work, or whatever we could to make a little money. We also did plenty of hunting and fishing to supplement the food budget.
When I left high school, my family didn't have the money to send me to college. I went to work in the same cotton mill where my father (and his father) had worked and EARNED the money to send myself to college. My siblings did exactly the same. One sister is a veterinarian, one is a nurse, I'm an engineer, one brother owns a construction company now, another is a CS geek - well you get the picture... All of us achieved what we have without the handouts you seem to believe are REQUIRED to escape 'poverty', and I never owed ANYBODY any student loans - because I went to college BEFORE government interference in the education market drove the prices through the roof.
The only people in America I have ever seen "struggling in poverty" were doing so because they chose to depend on the government to support them.
People like you would voluntarily make yourselves into livestock owned by your 'government'. Well, have fun with that.
I agree that the US government spends what to much money on imperialistic endeavors, but that is another argument for another time...
My wife grew up dirt poor. She was the first in her family to go to college. She was very smart and not lazy in the least. However the only way she could afford to go to college was to take out student loans. She had to take out loans to get her first year of college paid for. But because of her grades she applied for scholarships and managed to have most of her remaining years of college paid for.
I met my wife while we were in college and we got married after we graduated and of course thats when her student loans come due. But because we went to college we managed to get pretty decent paying jobs and managed to pay off her student loan within a few years.
So it goes to show you that just because some Americans go into debt to get things they need such as an education or whatever that we are not all lazy asses that have the debt hanging over our heads the rest of our lives.
Both of the above posters deserve a pat on the back (well in the second case his wife). Both approaches are very admirable
1297.
Post 8547920 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
spending 500$ at newegg.ca is easier said then done, i only need and external HD... wtf do i do now
i want the 30% off 500$
25% of at 300 to you know. that or find something nice to buy
Or the best deal: Hold onto your coins
Of course Adam will replace them immediately. It's just a proxy for spending his Canadian monopoly notes.
1298.
Post 8548341 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
It's the difference between short term and long term. Still market sentiment has proven to be a much stronger influence so when that changes, so will the price and the outlook.
1299.
Post 8548446 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
citi? lol! i wouldnt give a shit...
ever followed stock market analysts? most is just BS.
also why should all those miner sell all their mined coins? i am a miner too and i dont sell mined coins. that wasnt my intention form the beginning.
Stock analysts upgrade a stock after it runs up and downgrades it after a sell-off.
1300.
Post 8554912 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
So I just got back from a family trip to Disney World. My cell phone totally died on the second day so I had no internet for almost a week. Did I miss anything? According to the price it looks like it was a good week to take a break from BTC.
It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.
Nah it wasn't stressful. Still, you didn't miss much. I hope you enjoyed the holiday.
1301.
Post 8554973 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
So I just got back from a family trip to Disney World. My cell phone totally died on the second day so I had no internet for almost a week. Did I miss anything? According to the price it looks like it was a good week to take a break from BTC.
It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.
Well the big stress was deciding not to sell any coins to pay for the trip. We had to shuffle some funds around because it would be stupid to sell any coins right now. We were originally thinking we could just sell a few coins to fund this little vacation but that did not work out as planned. I am really looking forward to a 4 or 6 thousand dollar price someday. The stress of selling at that price will be a fun problem to have I believe.
Be patient though and make sure you're financially in a position to be patient.
1302.
Post 8558631 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
Times are a changing.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
Are you saying we should sell our bitcoins and buy litecoin and such instead
Quite the opposite
1303.
Post 8563199 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
C'mon $2m market order one time!!
Ok, you filled it in, now click buy
1304.
Post 8563665 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
etf not approved?
I don't think they can really forbid it. They can delay the fuck out of it though.
1305.
Post 8563710 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.08h):
Always fun catching up on 10-15 pages and reading all those hopeful predictions that come to nought.
Right now:
"3160 btcs to 520
3160 btcs to 484"
Truly 'glass half empty/full?' time.
Yes walls in both directions are significantly higher than a few weeks ago. I wonder how that happened.
1306.
Post 8568103 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Whats the point of these fukkin walls? Like ok bitcoin you can't go over 515 it's forbidden or it's just building pressure for the rocket?
I think the whale is trying to create some momentum, take the price down as people panic sell thinking we're resuming the bear trend, and then pump back up and get cheap coins.
If someone did not trust bitcoin, he would have sold loooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo-oooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo-oooooooooooooooooooooooooooooooooooooooong time ago at a higher price.
Be
certain that
everyone in the market now is in the business of buying, in a way or another.
How about people of below average intelligence who bought at the top and are now out of patience? I've learned not to underestimate the amount of dumb people.
1307.
Post 8568826 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said.
Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert.
In his statement, he is merely suggesting
that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space.
no, it is not true.
big asic mining companies will dump their coins no matter what the price is.
You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts?
you cant pay your electricity with bitcoins.
and I know that there are asic farms that are spending 1 mil of $ every month.
If you assume that ASIC farms are stretching their finances so thin that they do NOT have any fiat and they only have BTC,then maybe they would have to sell some of them. HOWEVER, if they realize that BTC are currently way under priced and that BTC are likely to appreciate in value considerably, then they may reconsider whether they will cash out.
Additionally, if they realize that the BTC that they HODL are more likely to go up in value if they do NOT sell at low prices, then they will have a greater incentive to HODL until the prices go a bit higher. I would think that they have budgeted for downward trends and sideways trends in order that they do NOT have to sell out of desperation. NO one likes to have to sell out of desperation (and I am sure that there may be some miners that are thinly stretched and forced to sell, but that may be the exception rather than the rule).
Accordingly, we still need evidence if you are going to assert that they are selling contrary to their better interest to HODL... or at least to minimize selling if they need to do it.
I really dont care if you need more evidence. For big miners, mining is a business, so they have to cover their costs from what they mine.
If they pay electricity out of their pocket because they think that the price will go up, they could just stop being a mining business and buy the coins instead.
You do NOT care about evidence b/c you merely want to push your thesis that logically does NOT make sense for the reasons that I described in my earlier post.
But that is fine, you can stick with your assumptions about miners being stretched razor thin and NOT realizing what is in their own interest(s). Your assumptions seem pie in the sky to me, but that does NOT mean that you cannot continue with such beliefs b/c it seems to make you feel good to suggest that 3400 coins are being dumped on the market on a daily basis.. when in fact we are likely NOT seeing such dumping.
And, yes there may be some miners who are also interested in accumulating additional coins by buying some, too.
if you are in a mining business - you dump your coins, unless you are a small miner who overpaid his hardware.
if you dont dump your coins to pay your bills, you are not a miner anymore, but a speculator.
it is simple as that. we can only speculate about the number of coins being market dumped, but I really dont need that information. all I have to know is that there are new 3600 coins out there everyday.
That's BS because selling your coins means being speculative on one of the many failing fiat types in the world. A sure-shot road to ruin.
1308.
Post 8569183 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Well, ultimately when people invest, they consider probabilities and then invest accordingly. Some people stick to their guns and just wait it out, and others waffle and others monitor and methodically readjust their investments. If some people consider bitcoins to be like snake oil, then they will likely choose NOT to invest or they may choose to get out of BTC as an investment. I doubt that the perception of snake oil is as prevalent as you make it out to be, and instead there are more and more people who are becoming inclined to invest in BTC rather than disinclined.. and we will see how that evolves over the coming months. I expect upward, and you seem to be communicating that you expect downward, and we will see who is right... that is if you are still hanging around here (to save us from ourselves and the snake oil salesmen) next year.
Ok, let's just see how the market goes, and how your doubts will work out for you
Would you like to pick a date that we can check in with one another regarding the price and/or the success of bitcoin? I prefer to pick a date after May of next year, but if you think another date would be suitable, we could do that as well.
10-20 years in the future would be good.
1309.
Post 8575564 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Who was it, who posted this really cool log()Log() trendline in december or january? I want to see how far we are below the trendline now. Next bubble should be gigantic
Ah the superexponential chart. I think that chart indicated we should be at 20-40k right now. One can only dream
1310.
Post 8575686 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Eh, pretty sure that's not correct. I remember reading about a proposal for a vote verification mechanism that doesn't require compromising anonymity. I'll see if I can dig up the article.
Unless of course you work from the premise that the voting machine is compromised / the voter is watched. But in that case, all bets are off anyway, no?
I'd be interested. Verifying your vote will require either something you know or something you have, I would think. Either of which could be used by a malicious third party.
Look up zero knowledge proofs
http://en.wikipedia.org/wiki/Zero-knowledge_proof
1311.
Post 8575834 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
I'd be interested. Verifying your vote will require either something you know or something you have, I would think. Either of which could be used by a malicious third party.
Look up zero knowledge proofs
http://en.wikipedia.org/wiki/Zero-knowledge_proofYou'll have to go into it a little more given that the statement in question would look like "I, Richy_T voted for Satoshi Nakamoto(B)". That's the information that would need to be verified and the information that the third party would want.
Yes, I haven't looked into how to apply it exactly to this situation but when I read Oda.Krell's post and your reaction I thought it would be a high chance he meant something to do with zero knowledge proofs.
1312.
Post 8585734 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Don't miss the train!
enough time to catch it... its so slow nowadays
it's not slow, merely unpredictable.
1313.
Post 8589782 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Proudhon!
Oh wait it's Putin
1314.
Post 8591516 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
1w chart
Well okay, but can this be the last delay please? Otherwise it might coincide with the shipping date of BFL or the date that MtGox will add LTC.
1315.
Post 8610621 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Wow we're back down further again. This train is severely delayed
1316.
Post 8611697 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Great movie. And a great quote in this context
Great movie? That was the most boring, most meaningless piece of junk I ever saw.
1317.
Post 8614621 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
RIpple is your only future !! Buy XRP or stay with worthless bitcoins !
Hey you're still here! How does that extreme dilution feel?
1318.
Post 8614721 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Wanted to hold tough, but I had to drop out because I have some bills coming up late September and if this kept up I wouldn't be certain I can pay them. So, more than a little irritated at this point over what is otherwise a fairly comical affair.
That's such a shame
I general 'investing' on such a short time scale is not recommended (in anything really). You need to be able to not touch it for a few years at least.
1319.
Post 8622727 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.09h):
Well I was starting to draw a train for our rally but I will wait with uploading till next week
But as for now from few hours it is looking much better than 10h ago which is promising
In that case maybe just a little train for you
The bottom of the picture is missing.
1320.
Post 8622850 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
looks like i am a lucky weak hand...lol
You're buying back then?
1321.
Post 8623087 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
looks like i am a lucky weak hand...lol
You're buying back then?
i don't think so
Then you're not a lucky weak hand
1322.
Post 8625395 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Bought at $27 - sold at $39 to re-buy on a pull back. Hurts to think about it
Moral of the story? HODL
Don't sell to rebuy (unless the underlying is overvalued).
1323.
Post 8625555 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
my theory is that ww3 is short-term bearish, long-term bullish
For whom or what? Bitcoin?
1324.
Post 8625610 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Getting articles from wsj is pretty simple. In a anonymous browser (e.g. Chrome incognito) paste the exact title into google and open the wsj link directly from there. Then you'll be able to read the article.
1325.
Post 8629732 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
I don't know anyone who owns a single satoshi anymore. All 5 of my friends have sold and won't be back when they saw they were down $60-120/coin, somewhere around $50k in investors. The 2 guys who used to talk to me about btc think I am trying to scam them. My neighbor used btc to get a discount on a new laptop; he bought them literally at the last possible second so that they price would not drop during the time that they were in his address.
There are 3 main classes of btc owners, IMO:
- the majority with less than 5 coins
- the middle with 5-300 coins
- the bigger guys
These drops are not about btc value. They are not about price discovery. It has nothing to do with TA. It is just the big guys taking money from the smaller guys. I have spent 7 months staring at the charts and watching buy/sells scroll buy. Every drop is started by 200, 250, 300, 350 coins market sells, followed by more large sells, then the rest with 1-10 coins trying frantically not to lose money (which of course the always do). The big guys have their buy orders a few percent off the top, buy back in. Rinse and repeat day after day, as the price drops day after day, so the big guys can make their easy profits. And then defend the 7k dump on Bitfinex as natural market movement. And defend the big dump on BTC-e a few days later as a natural market movement. And complain that people refuse to buy the price up for your next dump.
We are not in a bear market. We are in a market where the big guys make more money on dumps than price increases. And dumps are SO much easier.
The smug big guys in this thread like to say we are in accumulation phase. No, we aren't. We are in the "take the newbies' money" stage. They are also the guys who encourage trading, instead of holding. See, they don't make money from you when you only hold your coins, they need you on an exchange. Goldman, etc., are replaced by anyone who holds 1 or 2k coins and can initiate dumps or walls.
Some of the big guys here are talking about $300 coins. Good luck with that, I hope you achieve it. Everyone except you will have sold and left btc. Everyone else will have lost half their money and left the technology for good. You will likely get $50, $25, $10, $1 coins, too. A Pyrrhic victory.
This short term thinking drives the price down, hinders new adoption, and drives out anyone who has adopted recently. Remember that when you see the charts that say btc adoption has stagnated: why would the average person hold coins that have dropped over 20% in the last 2 months and 60% in 9 months, for exactly no reason? Why would a newbie even CONSIDER buying btc when he is guaranteed to lose money?
I am thinking about dropping out of trading myself. I will keep a percentage of my coins in a cold wallet, sell the rest. This crap happening in the market is unbearable. I would rather deal with wallet street than bitcoin markets.
And no, I haven't lost coins trading. That is only because my trades rarely last over an hour.
Don't be stupid and just hold. This is a necessary test anyway as people who sell now would have lost the wealth at some point anyway. A fool and his money are soon parted
(Btw I don't trade. At all)
1326.
Post 8630220 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Um, no. If the big guys (aka whales) would sell a lot we would see much better BTC liquidity and much lower prices. Most whales can afford to wait for the second half of 2016, when they'll dump big.
... yeah dump right before the next block halving ... sounds just like a nasty whale plan huh?
Not before, the next block halving is going to happen during the second half of 2016 and if the stage of the market at that time will be a slow bull market
(which is possible) it will only take another 2 - 3 months to reach mania stage, possibly up to 10k$, before the end of 2016.
But of course whales won't want suckers to believe that they'll be bagholders at 10k$, they'll want suckers to believe the price will soon reach 100k$.
people registered in 2013 are just so dumb, RIPPLE IS THE FUTURE
Ripple is what is left in the toilet after the shit drops
Better flush quickly then.
1327.
Post 8630608 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Always wondered why hodlers hang out in speculation.. makes no sense. What do they care, they will never participate in price discovery.
Truly remarkable question! Why would one who owns Apple or Microsoft stocks for 20 years would hang out in a speculation forum of WallSt. regulars... Makes no sense! What do they care, they will never participate in price discovery.
It's been fun meeting you esse83. Time to get some sleep though... not that there would be any difference from being awake with my IQ rating...
Because the wealth increase of Bitcoin thus far makes it at least possible for the investment to be life changing in the short term. People like to keep an eye on that, even if they themselves don't trade.
1328.
Post 8630763 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
2014! Year of bitcoin!
So who's first to admit that they were completely, utterly wrong? Risto, any of the bulltards... waiting...
I was wrong as well
2014 is far from over.
1329.
Post 8631613 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Unlike Bitcoin hodlers, they plan to *sell* their shares if the market's right. If they have no plans to sell in your hypothetical, then you have a valid question--what the hell are they doing?
Collectig dividends (although Apple has been notorious for holding back dividends as reinvestment and cash reserves, IIRC).
The are paying a dividend now.
1330.
Post 8663057 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Its hardly moving. Maybe it will start going one way or the other on Friday. The tension is killing me
No moon, and no hell, but the pressure to make a decision and one month later you regret it(either you buy and price goes to the abysms, or you
sell and price goes to moon).
Could you sell some please? Thanks
1331.
Post 8668588 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
As BTC price goes up, new relatively big asks pop out, in all markets...
I think some people don't think it's time yet
1332.
Post 8671764 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
700BTC buy in finex.
I feel pretty confident. Thank fuck I took in a long position yesterday at $465.
Nearly 2k at stamp.
1333.
Post 8671802 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
700BTC buy in finex.
I feel pretty confident. Thank fuck I took in a long position yesterday at $465.
wow very well done.
Thank you kindly. Low of yesterday was $462,-. So pretty awesome If I might say.
First trade since a month. Been waiting for this. LET THE FAPPENING BEGIN.
Still over 1k coins to 500 at stamp remain. I'm not sure whether this will move through.
1334.
Post 8674045 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
3 , 2, 1 KABOOM!!
i dont have time for this, but it sure looks like moon any second now....
Haha <$500 to $5k in one very large buy
1335.
Post 8674291 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
3 , 2, 1 KABOOM!!
i dont have time for this, but it sure looks like moon any second now....
Haha <$500 to $5k in one very large buy
When Wall Street gets in we can easily see this kind of movement
Come on, they're not THAT stupid. Some are probably buying slowly already.
1336.
Post 8676631 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
I'm a bulltard, but I'm hoping we don't have a bubble this year. I'm still accumulating. If we have a bubble this year it will be my first one with less then 100 coins.
Why did you divest so much?
1337.
Post 8676724 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
what you didnt?
No I just went with the tides of the Bitcoin market. Didn't really like to risk selling any.
1338.
Post 8676783 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
I'm a bulltard, but I'm hoping we don't have a bubble this year. I'm still accumulating. If we have a bubble this year it will be my first one with less then 100 coins.
Why did you divest so much?
Car, house, go back to college, and take care of my mother. These things cost fiat.
I would sure have postponed the car and just rent a house.
1339.
Post 8676804 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
i just noticed the price is 486, 4 8 6 get it? hahaha
good number.
Tried to figure that one out still didn't get it XD
Unless it was 4 x 2 = 8 /3/4 = 6
Ah math well still sitting safely above 420
we're you all born yesterday?
4 8 6
come on!
I have owned a 386
1340.
Post 8677305 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.10h):
Seriously do you think Bitcoin is less secure than fiat?
Yes I do. How do you propose to measure that?
You are thinking one one level aka thief but think about devaluation and global $ system in a bad shape
Every billion printed out of air is gov taking in your poket
Fiat is not safe at all, so even the least amount of security is sufficient to beat that.
1341.
Post 8724411 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
probably just some buggy data feed...
LTC/EUR also went crazy:
Getting some BTC and bought some LTC for XMR, sending all to BTC-e hoping the crazy bot goes crazy again
Well the EU has started the qualitative easing program
1342.
Post 8724534 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down.
agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway
bitcoin is over-price too much!
Down to what price?
This is fallllllllllling. Down to minus infinity .... and beyond.
1343.
Post 8730469 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Meanwhile it's 7.5k BTC on stamp to even get to $500.
1344.
Post 8730521 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Meanwhile it's 7.5k BTC on stamp to even get to $500.
Heavy ask side usually means we're going up and vice versa
How do you figure? It requires way more money to go up with larger ask walls.
1345.
Post 8730567 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Meanwhile it's 7.5k BTC on stamp to even get to $500.
Heavy ask side usually means we're going up and vice versa
How do you figure? It requires way more money to go up with larger ask walls.
It seems like it sometimes
There have been times when bid/ask ratio been like 3 and we've still dropped like a stone
yes, but that is the overall ratio. Here 7.5k of asks are within $30. Downwards $30 is also 2.7k BTC (which is a lot less, but still quite substantial).
1346.
Post 8731988 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Meanwhile it's 7.5k BTC on stamp to even get to $500.
Heavy ask side usually means we're going up and vice versa
How do you figure? It requires way more money to go up with larger ask walls.
Down to 5.5k BTC (nearly a million $US gone)
1347.
Post 8732277 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Only a maroon would invest their money here. Bitcoin continues to make lower highs and lower lows, to the point that $475 is supposed to make us excited now?
The news (and the value) is what has us excited. Price will inevitably follow at some point ....
1348.
Post 8733074 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
We made it guys. It doesn't mean necessarily we're going 100 up tonight (we would go 200$ up in good old Gox days though) but that's it - Bitcoin is going mainstream.
we haven't done shit until we achieve world reserve status.
have a seat it might be a while.
Can anyone provide details though? Is PayPal just proxying for Coinbase? The only thing that's exciting then is Paypal connecting it's name to Bitcoin.
1349.
Post 8733240 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.
hmm that's actually a good point.
No, it's not. It increases usability and therefore also value. The flaw in the above is the implicit assumption that 1. only people that already own Bitcoins will spend them and 2. They won't replace them. Both 1 and 2 are incorrect.
1350.
Post 8734214 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
No, it's not. It increases usability and therefore also value. The flaw in the above is the implicit assumption that 1. only people that already own Bitcoins will spend them and 2. They won't replace them. Both 1 and 2 are incorrect.
Why?
1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
1351.
Post 8734299 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Damn it, WE ARE ALL CONFIRMATION BIASED!!!!!!1
In all excitement I showed the paypal video to my girlfriend.
We are not native english speaking people and she did not trigger on the video.
I had to tell her the video was about bitcoin.
YOU KNOW WHAT SHE SAID?
"I heard they say "big coin" instead of "bitcoin""
Well, what the f*ck!
I did a quick google and ended up at
https://www.mybigcoin.com/What's it gonna be?
I could not really read the lips because in the video for obvious reason.
I'm confused.
She said Bitcoin.
1352.
Post 8734998 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..
1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.
I think I just got proxy trollfied. Please ignore Jorge. He's only here to waste people's time and to try to scare away noobs.
1. Don't forget the discounts! (which will be more and more widespread as the companies avoid the ridiculous credit card fees).
2. And reasons for 2? To keep the same investment level you had before. Note that not everyone needs to do this for my argument to hold (just some). The same is true for point 1
1353.
Post 8735086 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..
1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.
I think I just got proxy trollfied. Please ignore Jorge. He's only here to waste people's time and to try to scare away noobs.
1. Don't forget the discounts! (which will be more and more widespread as the companies avoid the ridiculous credit card fees).
2. And reasons for 2? To keep the same investment level you had before. Note that not everyone needs to do this for my argument to hold (just some). The same is true for point 1
So I would have to pay 2x the price to buy something?... Why not just use fiat and skip that reinvestment step. I'm not seeing much a killer argument for why anyone would use coinbase to buy stuff.
Let's say you are an investor and have 50 BTC. Then if you spend a Bitcoin to buy something with all the benefits of Bitcoin (discussed above) you replace your Bitcoin buy purchasing a fresh one with fiat so your investment level stays the same. If you think this means paying twice the purchasing price I suggest you start using that thing in your head (either by making a fresh cup of coffee or turning in and taking another look in the morning, depending on your timezone).
1354.
Post 8735227 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..
1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.
I think I just got proxy trollfied. Please ignore Jorge. He's only here to waste people's time and to try to scare away noobs.
1. Don't forget the discounts! (which will be more and more widespread as the companies avoid the ridiculous credit card fees).
2. And reasons for 2? To keep the same investment level you had before. Note that not everyone needs to do this for my argument to hold (just some). The same is true for point 1
So I would have to pay 2x the price to buy something?... Why not just use fiat and skip that reinvestment step. I'm not seeing much a killer argument for why anyone would use coinbase to buy stuff.
Let's say you are an investor and have 50 BTC. Then if you spend a Bitcoin to buy something with all the benefits of Bitcoin (discussed above) you replace your Bitcoin buy purchasing a fresh one with fiat so your investment level stays the same. If you think this means paying twice the purchasing price I suggest you start using that thing in your head (either by making a fresh cup of coffee or turning in and taking another look in the morning, depending on your timezone).
I'm confused, I use 1 btc (that I bought at coinbase) to buy whatever, then I have to rebuy that 1 btc (at coinbase) to keep my investment level intact. So what did I misunderstand? Too late in the evening for coffee. Sounds like I have to use 2x the fiat amount to buy something I could have with 1x the fiat amount. Please correct me, and Im terribly sorry If Im wrong.
1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat
So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)
1355.
Post 8735436 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.
1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..
1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.
I think I just got proxy trollfied. Please ignore Jorge. He's only here to waste people's time and to try to scare away noobs.
1. Don't forget the discounts! (which will be more and more widespread as the companies avoid the ridiculous credit card fees).
2. And reasons for 2? To keep the same investment level you had before. Note that not everyone needs to do this for my argument to hold (just some). The same is true for point 1
So I would have to pay 2x the price to buy something?... Why not just use fiat and skip that reinvestment step. I'm not seeing much a killer argument for why anyone would use coinbase to buy stuff.
Let's say you are an investor and have 50 BTC. Then if you spend a Bitcoin to buy something with all the benefits of Bitcoin (discussed above) you replace your Bitcoin buy purchasing a fresh one with fiat so your investment level stays the same. If you think this means paying twice the purchasing price I suggest you start using that thing in your head (either by making a fresh cup of coffee or turning in and taking another look in the morning, depending on your timezone).
I'm confused, I use 1 btc (that I bought at coinbase) to buy whatever, then I have to rebuy that 1 btc (at coinbase) to keep my investment level intact. So what did I misunderstand? Too late in the evening for coffee. Sounds like I have to use 2x the fiat amount to buy something I could have with 1x the fiat amount. Please correct me, and Im terribly sorry If Im wrong.
1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat
So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)
But what about consumers who are not investors and just want to use coinbase to buy something? Would they be better off from a one time purchase using bitcoin in that case. I guess that is my question. If the threshold for consumers (to get an advantage) is to become investors of a large amount of bitcoin, well it seems a bit harsh, no?
Those would fall under the first category in my original post. You were asking about the second category. Please re-read and if you still don't get it I'll explain.
1356.
Post 8735639 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
I thought I was just asking if it was an advantage for regular consumers to use coinbase to purchase items, but ok. Do you think there is an advantage to a first timer to use coinbase to buy btc to purchase an item? And wherein does the advantege lie for that sector of buyers.
At the moment this really depends on the merchant if your criteria is mostly price (which will be true in general). Some merchants give big discounts for buying with Bitcoins and others won't.
Then whether Coinbase is the cheapest option for you is a whole other story. I think they are quite pricey compared with others but my criteria will be different as I'm European and use SEPA (and therefore the Kraken exchange).
1357.
Post 8735653 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat
So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)
Sigh. Can you please list ALL the fees that you pay when you purchase with bitcoin as you described, and the fees that you pay when paying directly with money?
(Don forger that you must send money to Coinbase/BitpayPayPal/exchange or whatever in order to buy th ebitcoins, and that Coinbase/Bitpay/Paypal has to send the money to the merchant.)
deposit fee is like 5$ for me, i dont do it often but when i do .....
trading into BTC is like 0.25%, but if you place your bid at 0.5% of current price your bid will most definitely fill ( market don't either go up or down they are constantly going up and down ...), and you actually end up with a saving on your purchase
When you are European you can use SEPA and buy for example on Kraken. I'm not sure for Americans cause you get fucked by your banks harder for normal transactions than us.
1358.
Post 8735678 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
I've said it before and i will say it again. BTC is not for rich, well banked countries. I, like many people here, use it mainly for political reasons. Suggesting it is easier to use BTC than a credit card is just ludicrous. Got a friend to buy a couple recently. He has an old slow laptop with mediocre internet connection. Took 3 days to download the blockchain for gods sake.
BTC will come to fruition as it penetrates places like india. Like solar power, it enables people to use modern technologies without the need to spend trillions building up legacy infrastructure. Solar power is expensive if you already have a grid, it's cheap if you have to build power and transmission lines everywhere.
Things like the mozilla smartphone, combined with decent, secure online wallets for mobile, will revolutionise the life of the unbanked. Eliminating expensive cross currency fees will save billions.
So everyone here pat yourselves on the back. We got BTC to a place where it is taken seriously enough for people to start building the next wave of apps, apps for the unbanked. These apps are being built and rolled out now, they will take time to come to full fruition. Stop waiting to be made rich in a matter of months, those heady days are over. Sit back and expand your horizon to years. Those that maintain the faith will be rewarded richly. Those that spit the dummy because they thought they would get rich with no effort, risk or time involved, will miss the coming wave.
Buying with a credit card may be easy, it's also completely unsafe and non-private. My credit card company called me the other day asking whether a few transactions I made were mine. I understand they have to spy but that's only because they didn't make any form a security.
1359.
Post 8736640 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Ponzi Scheme is over! Bitcoin is doomed now the inventor lost all his bitcorns!!!
There is 0 buying pressure, even though PayPal announced to accept it!
Bitcorn is done, over with!
Better sell now to cut loose!
Expect $3xx minimum soon!
I think people are still waiting on the Apple news release tomorrow. Then when Apple says that they are integrating Bitcoin in their payment app I can't imagine how that would not trigger a rally of some sort!
I can imagine it not starting a rally. No news seems to right now. Mr. market is manically depressed right now.
1360.
Post 8737008 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Perhaps an example helps.
Suppose @RPietila is now in the US (to simplify the example) and wants to buy a bottle of fine French wine that costs 500$ if paid in cash at the store -- just the current market price of 1 BTC -- with free delivery to @RPietila's location. The wine merchant "accepts bitcoin" through Bitpay.
GOING THROUGH BITCOIN:
Years ago, when the price was 3$/BTC, all fees included, @Rpietila bought (say) 1.03 BTC for 3.09$
Today, @Rpietila clicks the bitcoin payment option and is directed to a Bitpay form that specifies the amount of bitcoin he must send, which is 1 BTC plus (say) 0.03 BTC to cover all the costs and fees.
@Rpietila transfers 1.03 BTC to the Bitpay address, shown on the form. Let's suppose there is no fee for that.
Bitpay sends 500$ to the wine merchant's bank account. Pays a bank transfer fee for that, let's say 5$.
Bitpay sends the 1.03 BTC to Bitstamp and puts it up for sale. Let's suppose there is no fee for that.
@JayJuanGee deposits 520$ into his Bitstamp account. Pays a bank transfer fee for that, let's say 5$.
@JayJuanGee buys the 1.03 BTC for 515$ (suppose that, by miracle, the price hasn't changed). Pays a trading fee on that, let's say another 5$.
@JayJuanGee withdraws the 1.03 BTC. Let's suppose there is no fee for that.
@Bitpay now has 515$ in its Bitstamp account. Withdraws 510$ to its bank account and pays a withdrawal/bank transfer fee of $5.
NET RESULT:
Bitpay paid 505$ (including one bank fee) and received 510$ (after all Bitstamp fees). The 5$ difference is their processing fee.
@RPietila paid 3.09$ and got to enjoy a bottle of fine wine worth 500$. He has the same amount of bitcoins that he would have if he did not buy those 1.03 BTC way then.
@JayJuanGee paid 525$ for the privilege of paying the rest of @Rpietila's wine bill (496.91$), plus three bank transfer fees, the Bitstamp trading fee, and the Bitpay processing fee; but he now has 1.03 BTC more in his hoard, nominally worth 515$, that he may be able to sell to @Erdogan tomorrow and thus pass that privilege on to him.
WITHOUT GOING THROUGH BITCOIN
@Rpietila clicks the bank payment option and gets the wine merchant's bank account #.
@RPietila sends 500$ to that account, pays a bank transfer fee of 5$.
NET RESULT:
@RPietila paid 505$ and got to enjoy a bottle of fine wine worth 500$.
CONCLUSION: Left as an exercise.
You forget Years ago, the price of a fine wine worth $50, and it's the fact it now costs $500, that we all want Bitcoin. Bitpay, are just working on ways to get you to spend your bitcoins nothing more nothing less, and they have to make a profit doing it or they'll disappear.
The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.
1361.
Post 8737312 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat
So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)
Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.
Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself. The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.
but you have to pay the fee even if you are "spending from yourself to yourself".
Well that depends. But even if you do, it can be cheaper. As time progresses it will be cheaper more and more often.
1362.
Post 8737529 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.
Sigh. The values don't matter. Can't you really see that there are MORE bank transfers when going through bitcoin?
There can be
Bank transfers are supposed to be free though.
1363.
Post 8743038 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
someone would expect the price to go up after the Paypal news, or was it priced in already ?
This has been going on for months now. Value is improving (so I'm happy) but price is completely disconnected from value in the short run.
1364.
Post 8743113 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
someone would expect the price to go up after the Paypal news, or was it priced in already ?
This has been going on for months now. Value is improving (so I'm happy) but price is completely disconnected from value in the short run.
That's because disruptive technology--old-fashioned economic modeling is obsolete
nah, in the short term mr Market is crazy in the "old fashioned" economy as well. It's just that people can be really ignorant. And what makes up the market? That's right!
1365.
Post 8743149 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
someone would expect the price to go up after the Paypal news, or was it priced in already ?
Bitcoin is HUGELY overpriced, buy over 100$ is being an absolute dummy
This Ripple loving guy is so confused
1366.
Post 8759263 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Ok ok...
The year 20010? That's a while from now lol
1367.
Post 8759297 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
A sudden move up towards 500 and watch those walls melt away and the shorts burn.
Still 3.5k to go. And then a lot more back to $600.
1368.
Post 8759477 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
A sudden move up towards 500 and watch those walls melt away and the shorts burn.
Still 3.5k to go. And then a lot more back to $600.
I see 1.7K
It's <2k now. That went fast. Is this finally getting interesting again for holders?
https://bitcoinwisdom.com/markets/bitstamp/btcusd
1369.
Post 8759673 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Good luck to the guys shorting at 480. Walls slowly disappearing above. So far buying when the paypal news came out was right.
Buy the news, ignore the rumor haha
1370.
Post 8759768 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Well, I'm starting to consider moving in real fucking heavy..
I'm already all in with my own money to give you a hint
I want to be a dollar millionaire before end of 2014
Last year I was a broke 18 year old. Would be hell of a story to tell
I advise against using leverage. Remember what happened to the fourth of Buffet's original investment buddies. He didn't want to get rich, but get rich quick. See where that got him ....
The market can stay irrational longer than you can stay solvent. Just be patient and you'll get rich, but it might take a few years more.
1371.
Post 8759799 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Well, I'm starting to consider moving in real fucking heavy..
I'm already all in with my own money to give you a hint
I want to be a dollar millionaire before end of 2014
Last year I was a broke 18 year old. Would be hell of a story to tell
I advise against using leverage. Remember what happened to the fourth of Buffet's original investment buddies. He didn't want to get rich, but get rich quick. See where that got him ....
The market can stay irrational longer than you can stay solvent. Just be patient and you'll get rich, but it might take a few years more.
We'll see
I'm not gonna use leverage though, just hodlin!
Good
What did you mean with "moving in real fucking heavy" then?
1372.
Post 8759852 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.11h):
Good
What did you mean with "moving in real fucking heavy" then?
Probably taking my dads money and then taking a few loans
But it's gonna be a big step for me, might not have the balls to do it...
Also wpuld wait for stronger buy signal before I would touch anything ($560+)
With being significantly invested with non-loaned money (and not selling when the price is volatile) you already prove to have large enough balls. Acting reckless is not proving you have balls.
1373.
Post 8774578 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
Snip
Meh, all the way in December? Really?
1374.
Post 8776011 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
If anyone is interested, you can read the posts for the last x days and:
- find a guy with a LOT of coins (based on account age and his post history)
- with far too high a percentage of his wealth invested (based on magnitude of attitude change when the market moves)
- with far too high a percentage of his wealth invested in shorts (based on direction of attitude change)
Hint: he will always argue that manipulation is natural market action, he will magnify every drop or piece of semi-bad news, and get very, very upset when the market moves against him. Did I mention hodl is stupid for newbies? They should be trading with the whales!
It is safe to say that whales ARE in this thread and the sentiment in this thread influences price. I will definitely say that he is not today's wall guy (at least on Bfx; he might be on Stamp), but he is probably 2k or more of shorts.
Stay happy, (name withheld)! I pray you drive btc into the ground so you can lose far more than the rest of us! Those dreams of 50M in hookers and blow will disappear; you really should have settled for 10M. (I am 100% fiat, so let's drop, (name withheld)!)
PS: Figure it out for yourselves.
PPS: 96% serious.
You think most people that hold a lot of coins are short? At (or near) the bottom? Are you serious?
Large holders don't need to do much except hold and wait. They themselves are their largest vulnerability.
1375.
Post 8776051 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
Ok the people who said, "2014 will be shit" were right.
Of course BTC isn't done, it's gonna blow, but it's gonna do it in it's own time. I suggest, as always, that you hodl.
There's 3.5 month left. We can go to the moon and come back again in that time
1376.
Post 8779142 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
I'm quite amazed where these huge sellers get their coins from.
Remember those 850.000 bitcoins "lost" on the MtGox? Somebody has the private keys of those BTC. Ask yourself what would you do if that was you. Would you hold all of them, or would you convert some to the fiat?
my guess is that if one was smart enough to steal this amount of coins he/she is also smart enough to sell them off exchange.
if it was me, selling them via a verified exchange account would be the last thing i would do.
And I don't even mv the btc, I'll just give away the private key.
Then the buyer will move them, unless they trust you 100% (unless the buyer is you that is).
1377.
Post 8782278 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
Work with me, Dump3er! We'll try to get there together...
You mean I should help you to establish your ShroomsKit scheme and see normal market behaviours as fanciful conspiracies of whale bear manipulators?
Goat was an annoying troll before establishing himself as a whale.
bitcointalk works like that.
Was? Goat still loves trolling. He wasn't banned from here for no reason
1378.
Post 8831204 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
today we go above 480 never to return again.
and the monday morning dumps are right on Q
sometimes i think poeple come here, wait for me to say some random bullish prediction, and then dump. lol
Maybe stop making such predictions for a while and see the results?
1379.
Post 8831289 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
600 dump on Stamp, 500 on Finex and tried to push down the price on Huobi, same old story every other day. Whale buyer is still on Finex, supporting the price and no one seems to be following the dumpers on other exchanges. Huobi determined not to let the price cross 2,920. Rinse and repeat really, going nowhere fast and some mysterious dumper having a seemingly never ending supply of coins.
CONTINUED TRANSFER OF WEALTH
Maybe that is the million bitcoin question......?
Transferred from who to whom?
The new world order aka the new wealthy elite. Maybe it's time for that thread again?
1380.
Post 8831544 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
Did the NSA ask a degree when you apply ?
Dude, NSA doesn't need to ask *anything* when you apply. You possibly don't even need to apply if you've discussed the idea with someone recently.
So the above post is probably sufficient. They will call you when they are interested in your services.
1381.
Post 8831928 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
600 dump on Stamp, 500 on Finex and tried to push down the price on Huobi, same old story every other day. Whale buyer is still on Finex, supporting the price and no one seems to be following the dumpers on other exchanges. Huobi determined not to let the price cross 2,920. Rinse and repeat really, going nowhere fast and some mysterious dumper having a seemingly never ending supply of coins.
CONTINUED TRANSFER OF WEALTH
Maybe that is the million bitcoin question......?
Transferred from who to whom?
From Hal Finney to anybody that wants to buy.
He could have a hundreds of thousands.
I think I had read he said he was not a whale but I am not sure....
His wife claimed they sold all to pay for his cryo-statis (and were originally going to use it for a speech computer but that was incompatible with Hal unfortunately).
1382.
Post 8834723 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
Cool, thanks for sharing
1383.
Post 8834805 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.12h):
Also worth a read....
Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:
1) The halting of all Swiss gold sale
2) The repatriation of all Swiss gold that is held in foreign vaults
3) Resume backing the Swiss Franc with gold, at a minimum level of 20%
Of course, the politicians and bankers of Switzerland are squarely against this initiative as it greatly diminishes their hold on power and restricts their ability to continue to debase the Franc. Fortunately, as one of the world's few remaining democracies, the Swiss people have an opportunity on November 30 to directly affect a change. For their sake and for the sake of their posterity, I pray that they choose wisely.
FULL ARTICLE =
http://www.tfmetalsreport.com/blog/6065/swiss-gold-initiativeThe government will choose what they want, regardless of a referendum outcome.
The Netherlands voted against joining the EU, but the dutch government just waved away that outcome and joined anyway.
Democracy is a farce.
We just voted against a European constitution. We were one of the founders of what turned into the EU.
1384.
Post 8858323 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.13h):
Final capitulation on sight.
Prices falling.
We are going nowhere but down.
Lose all your hope
And just when all hope seemed lost, Bitcoin did what Bitcoin does: what no-one expects
1385.
Post 8858501 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.13h):
16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
Crazy stuff. This doesn't exactly seems like a healthy market. Where are all the sells coming from?
At any rate, these phases are necessary to further distribute the Bitcoins over the world (cause that is what this is).
1386.
Post 8859011 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.13h):
...
I would sell my house, my car, and all my toys and buy the shit out of bitcoin if we go below 200.
...
The so-called "early adopters" will HAVE TO mortgage their fancy wives and houses to to protect their ill-gotten Bitcoin spoils.
...
UNION POOL NOW!
May I ask how to "mortgage" a fancy wife? I didn't read anything about "fancy wife" collateral in the new guidelines for bank loans. Is the banking director going to appraise her personally?
1387.
Post 8859218 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.13h):
...
I would sell my house, my car, and all my toys and buy the shit out of bitcoin if we go below 200.
...
The so-called "early adopters" will HAVE TO mortgage their fancy wives and houses to to protect their ill-gotten Bitcoin spoils.
...
UNION POOL NOW!
May I ask how to "mortgage" a fancy wife? I didn't read anything about "fancy wife" collateral in the new guidelines for bank loans. Is the banking director going to appraise her personally?
Post pics, age, health and dental records. I'm sure we can hash out the details. What are you looking to get?
I was more interested in the overall process thanks.
1388.
Post 8866873 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.13h):
wtf is happening with PPC
Predicting the future for Bitcoin?
1389.
Post 8867272 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.13h):
Anyone knows loaded's stance on bitcoin these days?
I know he had a shit load of coins, probably around 80k
Must feel pretty shitty to lose all that money when price is going down lol. unless he sold
I doubt Loaded will ever feel shitty money wise (long term).
1390.
Post 8880268 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.14h):
You are starting to get it.
1391.
Post 8968930 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
The war on terror is the biggest hoax and deception that mankind has ever experienced. I can guarantee you that.
The only thing I'm terrified of is my government.
pretty crazy to see stuff like this going on in western countries... sad days ahead as gov't abuse of citizens will surely be on the uptake
Okay, another country you don't want to live.
1392.
Post 8980007 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
1393.
Post 8980115 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
how can it be larger than it if it is dependent on it, where you came up with this logic ? listen to your self really.
Because the innovation is bigger? Innovation as the jump from the previous plateau. Of course the transistor is a larger innovation than both (and arguably the largest innovation in human history).
1394.
Post 8980550 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
Shell shock?
1395.
Post 8980859 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
Shell shock?
a general bug they found on linux's bash allowing hackers to run commands remotely. no reported comparisons as of yet, bash getting patched.
Why would that have anything to do with the price?
1396.
Post 8980878 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
I have this crazy idea that the Winklevoss bros are selling their stash for DOGE...
Adam, did you SODL yet or...?
lol
no.
For Doge? These guys aren't completely retarded, they are actually pretty smart. Doge is something with a terminal value of zero. You do the math.
1397.
Post 8980930 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
I have this crazy idea that the Winklevoss bros are selling their stash for DOGE...
Adam, did you SODL yet or...?
lol
no.
For Doge? These guys aren't completely retarded, they are actually pretty smart. Doge is something with a terminal value of zero. You do the math.
I think I keep about 1.1M of them somewhere in this hoarding mess... Maybe I must change my nick to Winklesga or something...
Be sure to sell them at some point. Doge, just like fiat, will be inflated indefinitely and is therefore inherently worthless. Have fun speculating
1398.
Post 8981207 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
Shell shock?
a general bug they found on linux's bash allowing hackers to run commands remotely. no reported comparisons as of yet, bash getting patched.
Why would that have anything to do with the price?
Because bitcoin sites are a attractive to hackers. Most sites run on Linux servers. More info. on Arstechnica:
http://arstechnica.com/security/2014/09/concern-over-bash-vulnerability-grows-as-exploit-reported-in-the-wild/ - I'm sure that all exchanges and other bitcoin related sites/servers are aware of the problem and patched yesterday... They better because the exploit is already being used
Again I ask: why should that have anything to do with the price? The price of Euro's doesn't drop if some credit card details are leaked or some bank accounts fished.
1399.
Post 8981286 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
...
Again I ask: why should that have anything to do with the price? The price of Euro's doesn't drop if some credit card details are leaked or some bank accounts fished.
Because your credit card company guarantees your CC account. It gets hacked, you lose nothing. Bitcoin gets hacked? A different story
So the credit card companies losing money on this is a much much better reason for the price of the currency to drop than the loss of money for some (foolish) consumers.
1400.
Post 8983734 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
...
Again I ask: why should that have anything to do with the price? The price of Euro's doesn't drop if some credit card details are leaked or some bank accounts fished.
Because your credit card company guarantees your CC account. It gets hacked, you lose nothing. Bitcoin gets hacked? A different story
So the credit card companies losing money on this is a much much better reason for the price of the currency to drop than the loss of money for some (foolish) consumers.
The CC companies lose money? LOL. You don't think they got rich from writing checks, do you?
They lose money on a specific thing. On aggregate they are making vast profits of course.
1401.
Post 8984213 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
.....
As an insider i can tell you that JP Morgan pays about 4000$ a month if you provide at least 10 semi quality bearish manipulation posts per day on BCT.
.....
Really, where can I sign? I'm currently doing this (well, not 10 per day
) for free.
I might be a bull but I'll join this too. I think because I swing for the other side I'll be able to provide a unique perspective
1402.
Post 8993335 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
lol
Someday 1 BTC might buy the store. $20 never will.
1403.
Post 8993449 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
Someday 1 BTC might buy the store. $20 never will.
Shit, so, better put my savings in lottery tickets from now on, for one day they might buy you 20 stores.
/logic
A lottery ticket is a negative EV "investment" by its very definition. Bitcoin is the investment with the largest positive EV on the planet.
1404.
Post 8993910 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
...Bitcoin is the investment with the largest positive EV on the planet.
OK, I'll take the bait. Tell me how.
Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price.
1405.
Post 8996866 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
I could lose every penny I have and that would be OK, really. I can't trust in money. We trust in money too much in this world unfortunately.
I think I do enjoy the adrenalin rush a little too much during a bubble though. Perhaps that is wrong? That could be greed.
I need to think about that. It is perhaps an area in my life I should pray about.
If you think I am stubborn about Bitcoin, don't even get me started about my Christian beliefs.
I already figured it'd be best to leave religion out of this for the sake of not putting a bomb under this topic.
There is no god and bitcoin will hit $32 by Christmas. Discuss:D
I'll take that wager. What stakes are you interested in playing today sir?
1406.
Post 8996918 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
...
Plus I am female!
What am I even doing on this thread!?
Are you even allowed on the internet??
I think if I posted a picture of my butt in a thong I would be OK.
(I could even get away with quoting Bible that way too perhaps.
)
We wouldn't be reading the post anyway.
1407.
Post 8997032 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.16h):
...
Science is a tool, but many scientists don't use it properly and cling to their beliefs on faith alone.
It could be considered a religion in some ways. Science tries to explain the whole universe, most religions do the same. Quantum goes full circle and puts belief before creation.
Religion does it on faith. Science adapts its views based on what's observed and goes out of its way to find observations that conflict with its current understanding of the world. Not the same by a long shot.
1408.
Post 9012734 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
I just bought some more at $380...i couldnt help myself. Anyone else doing the same? How could you be passing on these prices???
It's called trying to catch a falling knife. Bitcoin has been falling hard and there is no sign of reversal.
Why not to buy at 300 USD instead ?
Because there is no certainty price will go there?
1409.
Post 9012997 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:
You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.
you do that instead of me.
My opinion is the opposite of yours so I obviously don't have to.
1410.
Post 9013026 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.
Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.
Bubble? or a broken global financial system?
your post is called despair.
Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.htmlRight...so if we increase miners rewards by 5x but tell them they can only spend x coins...that change is irrelevant?
If anything is NOT irrelevant it's the monetary base.
1411.
Post 9013055 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.
Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.
Bubble? or a broken global financial system?
your post is called despair.
Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.htmllets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the inflation argument is old and fake, and I consider it an insult to m intelligence.
Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.
1412.
Post 9013111 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:
You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.
you do that instead of me.
My opinion is the opposite of yours so I obviously don't have to.
I don't think you understand the analysis good, because you were yelling for a reversal and a bubble since I remember, it didn't happen, and even if it happens now it doesn't make your analyzes right but it would be a lucky guess, because imagine me repeating "the price will go up" the whole year everyday, once it does it will look just silly.
I think you are mistaken as I never call for a bubble, there are no bubbles in Bitcoin because a bubble implies overvaluation (and that has never happened yet). There will be a next growth spurt however.
Still have fun ruining your financial future
1413.
Post 9013136 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
I think you are mistaken as I never call for a bubble, there are no bubbles in Bitcoin because a bubble implies overvaluation (and that has never happened yet). There will be a next growth spurt however.
Still have fun ruining your financial future
don't you worry about my financial future, because I am sure that it will be just fine, worry about your self because you are stuck in the danger kind of delusion...
Don't worry about me. Patience + intellect + discipline + diligence + greed are sufficient to end up all right
1414.
Post 9013147 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.
Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.
Bubble? or a broken global financial system?
your post is called despair.
Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.htmllets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the inflation argument is old and fake, and I consider it an insult to m intelligence.
Bitcoin
technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.
see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.
No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.
1415.
Post 9013391 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
It seems very bad. Should be worried about this drop?
Do you need your invested wealth soon? Then yes. Otherwise no, just wait.
1416.
Post 9013636 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
And classical education makes someone understand markets better? I better ask my uni for my money back.
no, it doesn't, but also being a software engineer prevent you from being a cultist to any technology, if you don't have a healthy skepticism about the software you wont be able to innovate nor maintain it.... my understanding is that this guy invested with all he can and even with his emotions...
As often is the case, your understanding is wrong. I never invested much in Bitcoin. I just refuse to divest if something is fundamentally undervalued.
Bitcoin is not tech. Bitcoin (or rather crypto) is a paradigm.
1417.
Post 9013996 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
Last year aoriund this time btc entered the rally
Will history repeat itself?
No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary.
People would have given the same answer last year when the market dropped after SR got taken out
1418.
Post 9014102 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
Last year aoriund this time btc entered the rally
Will history repeat itself?
No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary.
People would have given the same answer last year when the market dropped after SR got taken out
But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common.
Haha, you're saying it's different this time?
Ah well, it might be, it might not. Short term my opinion is as good a guess as anyone's.
1419.
Post 9014123 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
Meanwhile on coinfloor...
Dat wall...
So solid. Much scare.
I can read your buy order. Nice one though
1420.
Post 9014178 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.17h):
I won't be closing my shorts anytime soon
i'm betting on 350$ in a couple of days, then maybe a
crazy 20
0%+ bounce
but maybe not followed by the real growth spurtI fixed that post for you
1421.
Post 9083370 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.19h):
What a mess again lol
1422.
Post 9084261 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.19h):
Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
That is very very unlikely. I would like to wager, but if you think Bitcoin will drop that hard it's unlikely you'll be willing to wager denominated in Bitcoin.
1423.
Post 9101144 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.20h):
About time we saw some action. And what action it is
1424.
Post 9101455 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.20h):
That's a ton of money. Did anyone trace the origin?
1425.
Post 9101469 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.20h):
That's a ton of money. Did anyone trace the origin?
an chinese official named xiaoxiao
It originally came from here in May
https://blockchain.info/address/1EFJUipfCHFmmTFkF9vvjFKdBf3VbfvarM Looks like an exchange. Is that Stamp?
1426.
Post 9101667 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.20h):
Buy walls are building up again on Stamp. 2.5k to $300 again. The market is normalizing again after the fireworks.
1427.
Post 9114830 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.21h):
You know what I can't stand or understand? Formula 1. It's boring as fuck, watching cars go round and round, but I don't join formula 1 forums just to call them all boring losers who are wasting their life. It's really quite bizarre behaviour for someone to do that,
That's an easy one to understand. You see bitcoin is a very high risk investment, but likewise the returns could also be high.
Some people don't want to take that risk, but at the same time don't want to miss out on an opportunity. So what do they do? Easy, they hope and attempt to make it fail. That way they didn't stomach any risk, didn't lose out on any gains, and can say "I told you so".
Exactly. So the amount of serious attention they should receive is clear.
1428.
Post 9138126 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.22h):
if bitcoin has been held/pushed down artificially the rebound could prove to be quite 'violent'
20% is probably violent enough - at least for now. Lets see what happens when new Fiat hits Stamp from Monday.
The speed of the rebound will increase as it picks up speed
1429.
Post 9141134 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.22h):
It's going to fast... not good, not good....
and this is why regular people won't touch this market.
the market could go up say a few % a week, slow and steady, but instead we continue to get 30%+ swings over the course of a few days.
so that momentum traders can make a living
This is what makes good btc trading; you can make money trading and also holding (I prefer the second one, it's the safer and you can make ALOT of money. Trust me)
dude i have been following btc since it hit $1... i know
but the people that bought at $1000... well....
They need to have a little patience. If they cannot .... well ....
1430.
Post 9141256 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.22h):
It's going to fast... not good, not good....
and this is why regular people won't touch this market.
the market could go up say a few % a week, slow and steady, but instead we continue to get 30%+ swings over the course of a few days.
so that momentum traders can make a living
This is what makes good btc trading; you can make money trading and also holding (I prefer the second one, it's the safer and you can make ALOT of money. Trust me)
dude i have been following btc since it hit $1... i know
but the people that bought at $1000... well....
They need to have a little patience. If they cannot .... well ....
hahaha....
unfortunately for us those people talk to other people, and hence why if you bother going to any BTC meet ups these days you will see less people than even 1 year ago (pre pump)
Well their loss if their hands are weak. The strong shall inherit the Earth.
1431.
Post 9167760 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.22h):
How high will it go? There is plenty of posts on the speculation threads to get an idea of what many people believe. However, the consensus seems to be on the next rally we will hit $5000 or so. The question is how long do we have to wait for the next rally!
That is the consensus only among those who think that the next rally will hit 5000$ or so. There are other opinions. Even doubts that the price will ever get to 1000$ again.
lol these doubts exist every cycle. Wait and you'll see
1432.
Post 9184066 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.23h):
Lol, if he thinks Apple pay is a threat he should stop writing articles and start reading
things because he's obviously lost.
edit: fixed typo
1433.
Post 9187047 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.23h):
This is likely refilling of the hot wallet. If this is true people are withdrawing Bitcoins from Stamp (possibly to their cold storage).
1434.
Post 9209329 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.24h):
There is no stealth accumulation. It's just traders pumping and dumping. Get real.
don't bet on that
Of course there is stealth allocation. The questions is: how much and is it a meaningful amount?
1435.
Post 9243436 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.24h):
9K bid wall
The Chinese want back in lol
1436.
Post 9243478 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.24h):
why a huge bid wall is never manipulation while a similar wall in the ask side is Always legitimate and welcome.... this forum is full of delusional idiots.
It really is quite close to the price. Just try to sell into it and you'll know for sure
1437.
Post 9263911 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.25h):
We are going down with the ship!
Only if it is in fact going down. Something which is quite unlikely.
1438.
Post 9264515 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.25h):
Fundamentals good... looks like this s--- doesn't want to stop going down, though. Bugger, bugger, bugger!
A value investor's wet dream.
1439.
Post 9266205 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.25h):
Bitcoin CEO Spotted
...
In b4 he pulls some kind of scam, ends up in jail, and people think bitcoin is finished because the CEO of bitcoin is in jail.
Well gavin seems to believe he's the CEO as well so the more the merrier I guess
1440.
Post 9345337 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.27h):
Those people aren't here to answer you. They already cashed out and left a long time ago. They just needed you to dump their expensive coins on.
are you holding BTC now or USD? and have you switched position during last 1 week?
I got out a while back. A sold my coins a bit above 400 to some poor guy.
Thanks!
1441.
Post 9385667 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
moving again wowww
And when it moves, it really moves!
1442.
Post 9393169 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
Keep pushing it down bears... Easy money
Still think there will be some big news in next days.
Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy
Wondering how much amo this bear group on finex still has
Unfortunately:
-2918 XBT yesterday. Seems a mistake, again?
When all these things become a bit more transparent when we look back a few years from now I'm curious what kind of dirty games we'll see looking back.
1443.
Post 9397075 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
Well, the good news is that even if we sell at $275, that is above our entry point. So the plan is sell only when totally necessary!
The question is more about what is deemed "necessary." If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.) I think part of me feels like it is a game of who can wait the longest. There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out! Hodl on!
Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.
Well the chance of that is not that high anyway. I won't be considering this a likely outcome for years to come.
1444.
Post 9398072 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
.... i want a refund for my space flight
You pre-ordered? BFL all over again
1445.
Post 9398214 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
.... i want a refund for my space flight
Why? Richard will bring you far beyond space, you will even meet your maker
I offer that service far cheaper.
1446.
Post 9398331 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
Slightly poor taste given a pilot died in the crash today.
And he wasn't even charged!
See? THAT is poor taste
1447.
Post 9407609 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.28h):
Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.
I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.
It's impossible to lose money if you don't sell.
1448.
Post 9522652 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.31h):
Look for "Bitcoin is a bubble"
1449.
Post 9573229 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.32h):
Nice timing of the 50k BTC sell, and they'll have 2 bullets left. The US government is like PirateAt40 was for the Bitcoin price. After they are out, prices will explode.
1450.
Post 9583554 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.33h):
Time to switch to ripple!
Then start a Ripple Wall Observer thread on the Ripple forum and see if you get to 9900 pages.
People will slowly change their mind. Ripple is the best option for crypto.
Lol this guy
1451.
Post 9622632 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.34h):
Not sure what triggered this line touching. Low volume?
testing bull support
im dont know what to do, should i short few btc or stay...
I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.
Never, EVER, short Bitcoin.
1452.
Post 9622643 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.34h):
In modern times, BTC instead of gold should do it. Funny that J.P. Morgan stated that back then...
This man understood what's what. Why do you think JP Morgan is still going strong?
1453.
Post 9622690 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.34h):
Not sure what triggered this line touching. Low volume?
testing bull support
im dont know what to do, should i short few btc or stay...
I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.
Never, EVER, short Bitcoin.
Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)
Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.
1454.
Post 9630111 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.34h):
Good morning gentlemen.
And by merely persisting we will someday be successful.
1455.
Post 9721171 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.36h):
everyone seems to think we're going to go up soon.
I'm not so sure, just because of that.
I think we're going down as well, would be the first time I'm right
Hopefully my shorts are profitable this time.
I think we could go as low as 208 to 240 at january 1st.nah.
where are your stops in case we go up?
EDIT: also, I didn't say we'd go down, just not up soon.
Stops? Whatcha you talking about Willis?
1456.
Post 9830495 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_13.39h):
imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
marketcap is actually more like 150mio because the creators hold most of the assets
I'd speculate that it is more like 238mio.
lol, sometimes Ripple just x-folds the outstanding number of Ripples and the market cap grows accordingly. Anyone holding Ripple should be institutionalized.
1457.
Post 11797730 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.19h):
We haven't been this high since March 21st (March 13 in Euro).
1458.
Post 12921809 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.32h):
also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long.
why so impatient?
because thats what most bitcoin people are... Posting rockets all the way down and fomo buying at the top because moon...
For a lot of them this is true. But if they refrain from selling they'll end up wealthier than you regardless
1459.
Post 13256660 (copy this link) (by wachtwoord) (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.
Good point. Because everyone wants to use a currency they can't use because it doesn't work
It works perfectly. You'll need to pay for what you use (the most secure system in the world). Full blocks is good foor Bitcoin as miners will get rich and start competing each other even harder for the spoils (and hence increase the security further).
Why cant anyone see this? It's so obvious.
1460.
Post 13290564 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
When will we start to skyrocket again?
I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving,
I'm dumping my cold storage coins. All of them??
Probably. at least 90%. If it don't scale, they're on sale.
Wow, you seem really afraid of it. How come it wasn't anything you feared before? Not aware of it?
You know conflict about the issue is a good thing. If everyone would be quiet about it, it'd be much worse.
Probably. Maybe that's why we crashed so low in the first place. People were trading on the information before I and most everyone else knew about it. And it's very possible that we could go a lot higher before the issue actually affects network performance, but eventually it will. and then god help anyone caught long.
There is nothing wrong ergo no solution is needed. It works perfectly.
1461.
Post 13291256 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
If Maxwell succeeds and forking Bitcoin from it's vision as a true P2P currency that anyone can use...
GMax has abdicated his bitcoin github commit access. This is a significant development. Stated reason 'personal'. Speculation on inferred subtext may include 'ragequit' - dunno. Net result: less support for 1MB4Eva within the core team.
BULLISH!
There's no question Greg's a smart guy, and one of Bitcoin's stronger intellects. His technical ability will be missed. However, he seemed ideologically blindered to smallblockianism. I think this is a net positive.
I saw this earlier and hope/think Greg will reconsider and keep fighting the good fight against Gavin's minions.
1462.
Post 13291604 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
I saw this earlier and hope/think Greg will reconsider and keep fighting the good fight against Gavin's minions.
This is not LOTR, nor Warcraft. Genuine people have genuine disagreements. There are no minions.... on Gavin's side.
There are. Only on Gavin's side. He's trying to increase the size of blocks which breaks Bitcoin. He's some sort of socialist, corrupted by the CIA or went crazy but what he's doing is fighting Bitcoin. There is no logical reason to choose for bigger blocks other a strive for centralization, control by the government and the loss of utility of Bitcoin itself (and in effect a loss off value). He's advocating changes which make my holdings worth less. That makes you my enemy.
1463.
Post 13291608 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
A while ago I was sitting in front of a block explorer seeing the transactions as they happened in real time, in USD terms... there were many 0.03, 0.07$ transactions etc. This is bullshit.
Cry me a river. What is the line between not-bullshit and bullshit? I don't measure it in size of transaction, I measure it in number of transactions. Do you personally run a full node? I do. If you do not personally run a node, WTF do you care about number of transactions? If you do, then why are you so damned cheap to spend another $USD 10 on HDD space, and another $USD 0.50/mo on bandwidth - especially as you're so incensed about small-value transactions?
I do too. SwampNode is running BitcoinXT. Cost me $118 bucks, so any crybabies whining about the node problem can stop wasting their time.
That's not Bitcoin but GavinCoin.
1464.
Post 13292001 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
A while ago I was sitting in front of a block explorer seeing the transactions as they happened in real time, in USD terms... there were many 0.03, 0.07$ transactions etc. This is bullshit.
Cry me a river. What is the line between not-bullshit and bullshit? I don't measure it in size of transaction, I measure it in number of transactions. Do you personally run a full node? I do. If you do not personally run a node, WTF do you care about number of transactions? If you do, then why are you so damned cheap to spend another $USD 10 on HDD space, and another $USD 0.50/mo on bandwidth - especially as you're so incensed about small-value transactions?
I do too. SwampNode is running BitcoinXT. Cost me $118 bucks, so any crybabies whining about the node problem can stop wasting their time.
That's not Bitcoin but GavinCoin.
Fuck off. I know Gavin from 2011. I trust him. It was gavincoin when I bought it and if it's not gavincoin now, then I don't want it anymore. I'll sell the whole way up and still have more coins than most here.
I hope people like you will sell. May be prices should stay depressed for a few more years to accomplish just that.
People that want a bigger block are just socialists that want their free transactions. Fees is what pays for the security of the network. The block subsidy is temporary. The total value of the fees correlates directly into a level of security. Fees will be lower overall with a larger block size (more supply) so security will be lower. The unique selling point of Bitcoin is security that no power on this planet can break. A payment network that works globally is nothing new and NOT the goal of Bitcoin. The payment network is to bootstrap the store of value. That's all.
1465.
Post 13292075 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
They have the incentive but they are not configured accordingly. Not all of them. That's why dust/spam/no-fee and "stress test" txs get processed.
Have you used the network lately? No-fee transactions aren't getting included, and definitely won't be once priority is removed. Dust and spam should not be subjectively determined, fee per kb is all that matters. Miners have a very real incentive to keep their blocks to a reasonable size, it's called orphan risk.
I send a zero fee transaction yesterday. It was included in the first block.
I never pay a fee if I don't have to and still I'm in favor of rising fees, by limiting supply (of space).
1466.
Post 13292246 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
A while ago I was sitting in front of a block explorer seeing the transactions as they happened in real time, in USD terms... there were many 0.03, 0.07$ transactions etc. This is bullshit.
Cry me a river. What is the line between not-bullshit and bullshit? I don't measure it in size of transaction, I measure it in number of transactions. Do you personally run a full node? I do. If you do not personally run a node, WTF do you care about number of transactions? If you do, then why are you so damned cheap to spend another $USD 10 on HDD space, and another $USD 0.50/mo on bandwidth - especially as you're so incensed about small-value transactions?
I do too. SwampNode is running BitcoinXT. Cost me $118 bucks, so any crybabies whining about the node problem can stop wasting their time.
That's not Bitcoin but GavinCoin.
Fuck off. I know Gavin from 2011. I trust him. It was gavincoin when I bought it and if it's not gavincoin now, then I don't want it anymore. I'll sell the whole way up and still have more coins than most here.
I hope people like you will sell. May be prices should stay depressed for a few more years to accomplish just that.
People that want a bigger block are just socialists that want their free transactions. Fees is what pays for the security of the network. The block subsidy is temporary. The total value of the fees correlates directly into a level of security. Fees will be lower overall with a larger block size (more supply) so security will be lower. The unique selling point of Bitcoin is security that no power on this planet can break. A payment network that works globally is nothing new and NOT the goal of Bitcoin. The payment network is to bootstrap the store of value. That's all.
No fee doesn't mean free transactions. I paid for those transactions when I bought my stash. I pay for it with every coin I buy now. I was subsidizing the miners so the network can grow. Then you assholes came around and thought Bitcoin could be more useful if fewer people can use it. This isn't the vision I signed up for. This isn't the reason I held on through three crashes.
Over four hundred is a nice profit for me. If you think you can handle it without me, just keep the price this high until I pull my coins out of storage.
These were the rules from when you bought in. Now you guys are trying to change it. Fork the chain and make your own altcoin. If you succeed power to you.
1467.
Post 13292479 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
No fee doesn't mean free transactions. I paid for those transactions when I bought my stash. I pay for it with every coin I buy now. I was subsidizing the miners so the network can grow. Then you assholes came around and thought Bitcoin could be more useful if fewer people can use it. This isn't the vision I signed up for. This isn't the reason I held on through three crashes.
Over four hundred is a nice profit for me. If you think you can handle it without me, just keep the price this high until I pull my coins out of storage.
These were the rules from when you bought in. Now you guys are trying to change it. Fork the chain and make your own altcoin. If you succeed power to you.
You know damn well those were not the rules. The rules are 21 million coins peer-to-peer electronic cash system. You're hanging your whole argument on a technicality that was just supposed to be a temporary kludge.
We've been over and over this. Fuck you. You're the fucking attack vector. Good luck with your cripplecoin. We have the code to do it better now. It's only a matter of time before We Facebook your Myspace ass.
Game on!
1468.
Post 13314511 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
Ahhhhhhhhhhhhhhh
Down a bit. Much better. Isn't it much more fun to have a crazy ass market that can go down 30bbucks in 6 hours without any fucking reason?
That's why btc can't be used in a global and daily way. But that's also why it's so cool and fun to invest in.
So we can't use fiat either because the Swiss franc went up 30% in one day and caused millions of dollars in loses for people?
http://www.wsj.com/articles/swiss-franc-move-cripples-currency-brokers-1421371654Well it means if you have the choice you'll always use a more reliable currency.
Swiss franc rise was a huge shock for the market. It's the consequence of a sudden decision of the European bank nothing else. It was exceptional, unexpected and a good counter example but happens maybe once every few years on the whole continent.
Whereas BTC up and down happen continuously and without any reason
The rises and downs have no explanation, it just... Happens xD
That's why it's always funny to see people trying to guess the next move!
It wasnt sudden but well prepared. Well-conmected people made a shit ton of money on that one.
1469.
Post 13320578 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
@BJA Tim Swanson wrote
a paper about how adding exogenous value onto a network that cannot detect and dynamically protect the exogenous value is a bad idea. It was hard to disagree.
The metacoins and colored coin projects listed above unquestionably increase the social value
of the chain, yet they do not proportionally incentivize security beyond the existing block
reward (seigniorage) subsidy. This could lead to an economic incentive to attack the chain, a
type of fat tail risk that could dramatically impact any layer residing on top of the Bitcoin
network.
The network is ridiculously oversecure for it's current market cap. How many goddamn exaflops or whatever?
You might be able to snow the noobs with technobabble but I've been around too long. I'm not buying.
Security is the most important feature. Without a block subsidy today the Bitcoin network would be extremely insecure. The subsidy is going to go away. I want Bitcoin to work long term. It doesnt seem that those that want to increase the block size want that....
1470.
Post 13325125 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
@BJA Tim Swanson wrote
a paper about how adding exogenous value onto a network that cannot detect and dynamically protect the exogenous value is a bad idea. It was hard to disagree.
The metacoins and colored coin projects listed above unquestionably increase the social value
of the chain, yet they do not proportionally incentivize security beyond the existing block
reward (seigniorage) subsidy. This could lead to an economic incentive to attack the chain, a
type of fat tail risk that could dramatically impact any layer residing on top of the Bitcoin
network.
The network is ridiculously oversecure for it's current market cap. How many goddamn exaflops or whatever?
You might be able to snow the noobs with technobabble but I've been around too long. I'm not buying.
Security is the most important feature. Without a block subsidy today the Bitcoin network would be extremely insecure. The subsidy is going to go away. I want Bitcoin to work long term. It doesnt seem that those that want to increase the block size want that....
You don't overinsure a house for fire damage. It's called "moral hazard" and it makes the house statistically MORE likely to burn. You don't put a $1000 case ona $100 phone. It means someone will be MORE likely to steal it. If you put too much armor on an armored truck, you limit it's cargo capacity to the point that you have to make two trips INCREASING the chance of losing the cargo. There IS such a thing as too much security.
Insurance is different from security. Thats not hard to comprehend is it?
1471.
Post 13326327 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.38h):
Insurance is different from security. Thats not hard to comprehend is it?
It's about finding the balance between security and cost. For rough purposes, security = miner revenue. If we're defending against a 51% attack, we should be able to estimate the minimum cost of mining sufficient to provide security: It should be more than the profits an attacker can gain at any given time, but not much more.
Currently, the cost seems too high to me in terms of % of value spent on mining yearly. Largely this is because of the block subsidy, so hopefully as the block subsidy dwindles, fees *will not* go up proportionally. I'm hoping we're currently overspending on security - if that's not the case and the current resource usage is necessary for network security, I think we have much bigger problems than transaction rate.
The huge amount of security is the reason no one even tries to attack it. It serves a purpose. It's the reason Bitcoin is already a store of value.
Bitcoin sucks as a payments system and that's fine. A new payment system is not interesting in the slightest. Only security for storings vasts amounts of wealth. The plebis should leave and make their own socialistic coin (Freicoin anyone?).
The time for deadbeats is done.
1472.
Post 13561455 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.40h):
Instead of shooting the messengers, we could also fix the problem. Adopting Bitcoin Classic would be a good, first step.
Not the messengers, the traitors. Increasing the block size is as bad as increasing the 21M Bitcoin limit.
1473.
Post 13588437 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.41h):
Poor people debating their inabilities of letting go couple dollars fees for their groceries, hoping bitcoin and its technology cares about them. pathetic. ^^
You mean the 3rd world brown poor people with financially and politically oppressive regimes like the other 6 billion who lives from <10 dollars a day, and so will never can use btc and earn financial freedom with "only a couple dollars tx fee, which costs more than the actual grocery".
Or only the western white type of poor people?
Bitcoin is not for poor people. When it grows big enough it will be unavailable for most of the middle class too. That's fine.
1474.
Post 13621281 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.41h):
Luckily most mining pools are intelligent and have our best interests in mind like most of the developers and these drastic steps likely will never be needed.
Its a fatal misapprehension to believe that any actor in Bitcoin has your best interests in mind. Bitcoin works because everyone can work to their own advantage. Its been designed that these interests naturally self align without any central coordinating function.
There is no invisible hand here - and devs have no business guiding anyone.
Satoshi obviously understands human nature and planned Bitcoin accordingly. One of the mistakes he admitted was offering no reward for running a full node. People still do it with the best interests of the network in mind, but there are decreasing numbers of people prepared to do it for nothing. There would be an order of magnitude more nodes if people were rewarded for running one.
Having a decent wallet would help too. Switched to Electrum today, I really got sick of of the QT-wallet fucking up the block-index, verifying stuff for no apparent reason and for looking fugly while doing it. I never could wrap my head around why not more energy was put into a more sexy looking and properly working wallet... Except I understand a lot of ppl think the end user is not that important, BTC was designed purely for either tech nerds or speculators, buying a cup of coffee and running a cool wallet at home is supposed to be done with other crypto's like DASH?
Electrum is not a full node ....
1475.
Post 13621649 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.41h):
Luckily most mining pools are intelligent and have our best interests in mind like most of the developers and these drastic steps likely will never be needed.
Its a fatal misapprehension to believe that any actor in Bitcoin has your best interests in mind. Bitcoin works because everyone can work to their own advantage. Its been designed that these interests naturally self align without any central coordinating function.
There is no invisible hand here - and devs have no business guiding anyone.
Satoshi obviously understands human nature and planned Bitcoin accordingly. One of the mistakes he admitted was offering no reward for running a full node. People still do it with the best interests of the network in mind, but there are decreasing numbers of people prepared to do it for nothing. There would be an order of magnitude more nodes if people were rewarded for running one.
Having a decent wallet would help too. Switched to Electrum today, I really got sick of of the QT-wallet fucking up the block-index, verifying stuff for no apparent reason and for looking fugly while doing it. I never could wrap my head around why not more energy was put into a more sexy looking and properly working wallet... Except I understand a lot of ppl think the end user is not that important, BTC was designed purely for either tech nerds or speculators, buying a cup of coffee and running a cool wallet at home is supposed to be done with other crypto's like DASH?
Electrum is not a full node ....
Exactly. I'd love to run a full node and did for a while, but Bitcoin QT just sucks ass. More energy should be put into developing a wallet that is also a full node, which would make it nice to run instad of a pain.
You're complaining about it validating, well a full node needs to validate. Electrum does not so you're not comparing fairly.
Have you tried running bitcoind headless?
1476.
Post 13733196 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.42h):
Innovation is not burning a gigawatt of mining power to process less than 4 transactions per second. Especially when we could increase that capacity by a factor of eight with almost no additional costs.
In economics, sometimes it's helpful to try and calculate the true cost of something by factoring out the subsidies. In this case the subsidy is the block reward and the cost is paid by investors/speculators.
if users actually paid the full cost of their transaction now, it would be several dollars each. That's a horribly inefficient system and not one worth investing in, IMHO. The fact that it could potentially be much more efficient if some minor changes were made is irrelevant if there is no process for making those changes.
The governance model needs to change, so until Bitcoin Classic or something like it achieves a clear majority of support by nodes and miners, we have to assume the rough consensus mechanism of a small minority having effective veto power is going to continue, which means nothing is going to get done. Blocks will fill up. Fees will increase. There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure.
The $7/tx subsidy only illustrates how ridiculous the coffees-on-the-blockchain idea is, and how critical it is that BTC become high-powered money rather than yet another retail payment rail.
Those four tps are the most precious rare things in existence. The ability to store and/or transfer value quickly, securely, and without permission is unprecedented. A gigawatt is a small price to pay for the provision of such a modern miracle.
It's adorable you think Honey Badger cares about ignorant Gavinista fuckwit ramblings and desires for a contentious hard fork and governance coup.
Please take your Negative Nancy 'zomg Bitcoin is GOING TO DIEEEEE WITHOUT 2MB RIGHT MEOW' bullshit over to BitcoinObituaries.com.
Posts like this give reminds me we have (some) intelligent people left on the forum. Thank you
1477.
Post 13741225 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.42h):
The problem is from miners, they dont accept it, and the miners control bitcoin...
Add to your "problem" what node-runners want:
Bitcoin Nodes (Core, XT, Unlimited, Classic)
https://coin.dance/nodes/share 
Economic democracy
1478.
Post 13764760 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.43h):
Ripple's a joke and a scam.
1479.
Post 13765189 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.43h):
Ripple's a joke and a scam.
: BITCOIN CANNOT SCALE .. it is a JOKE.. the sudden surge to $500 during the Marshal's Auction Pump 2015 was a scam pump .
The only scaling problem Bitcoin has is in intelligent people as 99% of the people joining Bitcoin in the last year is mentally retarded. The block size is fine and it doesn't need to scale in transactions to be extremely valuable.
Ripple is the same system as we have (fiat) but then created by a company. Great. Amazing. Why are we discussing it on a crypto forum?
1480.
Post 13889250 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
pretty awesome that bitcoin resisted human induced inflation.
That's not even close to an accurate description of what happened. Cripplecore is resisting taking some armor off the truck to allow more cargo capacity. As a result we have an $8/transaction network. Good luck winning any races with that.
That's nonsense. Hdbuck is perfectly right and you repeating your retarded opinion 10000 times doen not make it true. Go fork off and start your oen retardationcoin. I wish you all the luck in the world, but no luck will save you if you build on unsound economics.
1481.
Post 13889447 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
Is Blockstream working on one of those Turing complete scripting languages for smart contracts as a sidechain at all? Are they in competition with Ethereum?
imo, there is no need for a turing complete stack language for specialized use cases like smart contracts. this is bullshit and is coming from ethereum fanboys. security is the first target all other targets have to follow.
ethereum is a hype whithout a single proof in the wild so far.
Couldn't agree more... bigger complexity means bigger security issues...but still, rootstock connecting bitcoin with ethereum is interesting concept
As any software engineer knows. Complexity sucks and is unnecessary in the vast majority of the case. There's a lot of elegance in designing non-complex systems.
1482.
Post 13890210 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
I don't necessarily disagree with you that there will be people that want more than 21m coins.
An argument like that will never be presented "we want more coins and high inflation for the lolz".
It will be presented as "we want cheap txs".... Arguments like
"People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".
There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize. I knew of the 21 MM limit before I bought my first coin.
A slippery slope argument is a logical fallacy.
https://en.wikipedia.org/wiki/Slippery_slopeDude increasing the 21 M limit and increasing the block size is the same thing.
1483.
Post 13890218 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
So basically you smallblockers are saying you WANT to pay $8/transaction. The road map shows that capacity will only increase at some point in the future when power consumption also increases, maintaining the high cost.
That's absolutely crazy. There may be a demand for what amounts to a wire transfer of gold bars, but it's a tiny market compared to payments, remittances, title xfers, micropayments, etc.
How secure is the network going to be with all of the fees going to third parties on the layers rather than to the miners? Think about it: when the block reward gets quartered (two halvings), those miners will need those fees or network security will be harmed.
Keeping blocks small will HURT security.
Yes I want to pay $8 per transaction (more even). It's worth the security.
1484.
Post 13891279 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
I don't necessarily disagree with you that there will be people that want more than 21m coins.
An argument like that will never be presented "we want more coins and high inflation for the lolz".
It will be presented as "we want cheap txs".... Arguments like
"People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".
There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize. I knew of the 21 MM limit before I bought my first coin.
A slippery slope argument is a logical fallacy.
https://en.wikipedia.org/wiki/Slippery_slopeDude increasing the 21 M limit and increasing the block size is the same thing.
oh really? I'd like to hear an explanation. How the hell is it the same thing? It's not even remotely the same thing.
I explained it to you many times already but fine. Things (w/e they are) only have value if the supply is limited and they have a purpose. How limited something is determines it's value (together with its utility value). The block size at the moment is in limited supply (1 MB roughly every 10 minutes), so a place on that has a certain implied value (this will be the fee in the long term, right now it's not very visible because of the huge subsidy which skews actual fees). The value of the sum of the fees determines the amount of security because this is how the miners are paid (the miner market is a commodity market so it will approach break-even long term. Total fees will equal security). Therefore if the block size is increased the value of size on the block chain goes down and thus the amount miners get paid goes down and so does the security.
Security is the most important thing giving value to XMR units and so a lower security will lower the intrinsic value of Bitcoin.
Similarly increasing the 21M coin limit will also lower the intrinsic value of Bitcoin because it inflates the supply (more unit available).
Next to all this there is the precedent reasoning mentioned above. Right now I trust Bitcoin to never inflate supply of either limited unit (XMR or block chain size) and therefore value Bitcoin as such. If they inflate it I will be forced to estimate future watering down of XMR and blockchain size (and thus watering down of value) in my intrinsic value calculations and therefore I will be prepared to pay a lower price for Bitcoins as an investment. The market will do the same.
1485.
Post 13891571 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
I explained it to you many times already but fine. Things (w/e they are) only have value if the supply is limited and they have a purpose. How limited something is determines it's value (together with its utility value). The block size at the moment is in limited supply (1 MB roughly every 10 minutes), so a place on that has a certain implied value (this will be the fee in the long term, right now it's not very visible because of the huge subsidy which skews actual fees). The value of the sum of the fees determines the amount of security because this is how the miners are paid (the miner market is a commodity market so it will approach break-even long term. Total fees will equal security). Therefore if the block size is increased the value of size on the block chain goes down and thus the amount miners get paid goes down and so does the security.
This is a basic error in the understanding of economics. a limited supply doesn't determine value. This is the Beany Baby argument of many of Bitcoin's detractors and it is fallacious. My shit is in limited supply, but it isn't valuable because of that. It isn't valuable at all because there are substitutes, assuming someone wanted to buy shit in the first place.
Higher fees will reduce dust, but it will also prevent transactions of marginal utility. The margins is where growth occurs, so higher fees will also prevent growth.
There is a reason why we are still trading at <40% of the ATH more than two years ago. This is the reason. Smallblockers, you don't understand economics.
Learn to read, limited supply and utility.
1486.
Post 13891586 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
XMR is Monero
Yeah I know XBT. I was posting in the Monero section at the same time (my only other crypto holding).
1487.
Post 13891897 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
Nobody is forcing you to use bitcoin, nobody cares about what you want.
NO U!
You're like Icicles's sulky, retarded little brother.
You're the one that wants to change it. Good luck fighting us anyway. Money always wins.
1488.
Post 13891966 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
That bridge that's backed up for miles during rush hours? Only 10% utilized, on the average
Nobody is forcing you to use bitcoin, nobody cares about what you want.
NO U!
You're like Icicles's sulky, retarded little brother.
You're the one that wants to change it. Good luck fighting us anyway. Money always wins.
Money? Or BTC? Because if you hodl BTC, you don't have a voice in Bitcoin's "economic majority"
Either. Wealth wins.
1489.
Post 13892842 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
Shame on you Adam
1490.
Post 13896053 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
No he's insulting Bitcoin and advocating GavinCoin
1491.
Post 13896087 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
Maybe ETH is helping with some of BTC's issues.............
Etherium new comers are those that missed BTC price rise. They hope that ETH will repeat BTC spectacular price rise. But will be very disappointed.
Facebook newcomers are those that missed the MySpace price rise. They hope that FB will repeat the spectacular MySpace price rise, but will be very disappointed.
Google newcomers are those that missed the Yahoo! price rise...
Please please please invest all your money in ETH!
1492.
Post 13896125 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
No he's insulting Bitcoin and advocating GavinCoin
GavinCoin WTF is that, Gavin is the longest standing developer he's taking heat for personal attacks, the only questionable thing hes done is visit the CIA and the CFR, and that was to tell them how bitcoin worked.
You just need to look at what he's produced to know he's pro bitcoin.
GavinCoin means squat, try looking for facts!
He's trying to make Bitcoin inflationary. He's a socialist. He's an enemy of Bitcoin.
GavinCoin is a fork of Bitcoin that increases the block size or the coin supply.
1493.
Post 13917308 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.44h):
Lol!
Well I'm glad I hold everything, I'd just like to find somewhere to trade correctly... Anyone has a site? I don't really like kraken...
Kraken is awesome!
1494.
Post 14167126 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.47h):
Pft deterring fees will occur automatically as the block reward disappears. At a price of 500$/BTC it would work out like this:
1 block (25 bitcoins) created every 10 minutes -> for each minute, 2.5 bitcoins are created X $500/bitcoin = $1250/minute.
So every minute $1250 in fees needs to come from transactions (instead of the block rewards today)
Using 10 transactions/sec as maximum speed (with current block size), 600 transactions each minute.
$1250/600 transactions = $2,08 per transaction.
Even higher BTC price -> even higher fees.
Edit: and if you use 5 tx/s instead of the theoretical 10 tx/s the amount doubles.
Yup. What's wrong with $4 a transaction? Totally fine. $40 a tx is fine too ....
1495.
Post 14193709 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.48h):
Adam has been classic shill recently pretty much nonstop. Another classic shill bites the dust, the better for the community.
Yeah, that quite surprised me.
1496.
Post 14193718 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.48h):
What's the max amount of Ethereums?
It is a corporate coin. Sky is the limit as corporate greed has no limit. No sucker will be left without ethereums.
If you go to
https://coinmarketcap.com/ and see that Ripple and Eth are 2nd and 3rd it's clear Bitcoin is not threathened to be overtaken any time soon
1497.
Post 14731787 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.49h):
I love how Gavin just proved he's a double agent. Now the block size increase will be off as everyone can surely now see Gavin represents the enemies of Bitcoin trying to break it by increasing the block chain.
Nice work Gavin. No-one expect retarded journalists and the fucking plebs will believe you. Do we need to show you the door or can you let yourself out?
1498.
Post 14876668 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.50h):
Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you. They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving. Only idiots hold altcoins during BTC halving.
Same crowd as the penny stocks. A fool and his money are soon parted.
1499.
Post 14943549 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.50h):
Shocking! Typical $500 transaction costs $0.04 in fees!! This burden will sink bitcoin.
Typical BTC $0.01 transaction costs $0.04 in fees!!
Typical $500 real money transaction: costs $0.00 in fees!!
Typical ETH transaction: costs $0.00 in fees!!
Eth isn't really meant for value transfer, but smart contracts and dao and whatever. But eth was born like 5 years before any of this is useful.
Maybe in 5 years time they'll realize how inefficient their whole platform is.
"Inefficient"? Does ETH need to burn as much electricity as a small country to simply *exist*? A bitcoiner talking about efficiency
What am I going to do? Knock on every miners door and tell them to shut down their operations, just because creating fungible value with their electricity is wrong?
Also I bet ether network is just as secure as bitcoin network is. I'm glad I know nothing about this bitcoin stuff.
Have I advised you to go knocking on miner's doors? No. Because that would be fucking stupid. Because bicoin is inefficient by design. Satoshi himself said that the cost of mining one BTC should approach the market price of 1 BTC. Imagine if banksters had to buy ~$30 of gear & burn $60 of state-subsidized coal to print a hundred-dollar bill? That's what bitcoin is *designed* to do.
But wait! That's not all!
If, by some twisted trick of fate, bitcoin lives on past teh Halvening, bitcoin "security" will be cut in half, if BTC price doesn't double. Double it will not, because the last time I cared how much miners make or lose, before buying BTC, was never.
TL;DR: You said ETH is inefficient. I pointed out that BTC is the epitome of inefficiency. Knocking on people's doors won't help; stay home and try not to cry
The day I start crying is when bitcoin goes supernova. Until that happens, I will be glad to accept any green dildo up my bum.
However tell me a thing that bitcoin can't do that ethereum is so good at? Because I can tell you at least one thing bitcoin can do that ethereum cant.
Fulfill the FOMO needs off some seriously butt-hurt individuals.
1500.
Post 15033559 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.51h):
What's going on with ETH...
A pump and dump scamcoin seeking momentum traders to dump on to become new bagholders.
Lol, when BTC spikes 5% in 5 mins, it's natural, organic growth
But let a modern, technically superior crypto go up by ...let me check...
...11.5%, you call shenanigans?
Yes we like to ignore scamcoins. Have fun losing your money on that one!
1501.
Post 15296758 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.53h):
The value is the price one is willing to pay for it.
No that's price. Keep trying.
1502.
Post 16258076 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.57h):
Man, those pesky Dutch are a long way behind. It's been possible to do this in the UK since before the wheel was invented.
Why would you want this?
1503.
Post 16319366 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_14.57h):
i guess this btc thing will stay at 6xx for decades before some new development (and/or) mass adoption happen...
Are you prone to exaggerations, or what?
What makes you think that bitcoin is going to stay in the $600s "for decades"? Sure it is possible, but you seem to be lacking any kind of insight based on reality or assessment.. or maybe you need a bit of patience?
Sure, BTC prices have been in the $600s for 2-4 months, depending on how you look at the matter, but does this translate into decades.. .hardly. ... maybe you could argue or complain that we could be here for many more months, or even a year or two, ... but "decades?" get real.
If we keep the 1MB blocksize limit we might also stay on $600 for decades.
But if we do increase the blocksize and the amount of transactions the blockchain can handle per second we should see more adoption and therefore higher prices as well.
On the contrary. We should decrease blocksize if we want to stimulate innovation. Only expensive transactions will speed up development of projects like LN and sidechains.
Larger block size means lower security and therefore lower price. So no, if you want the price to go down you should increase block size.
1504.
Post 17652058 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_15.02h):
Does anyone know why the API described here
https://bitcoincharts.com/about/markets-api/ doesn't work?
Examples listed on the page are:
Latest mtgoxUSD trades:
http://api.bitcoincharts.com/v1/trades.csv?symbol=mtgoxUSDbtcexYAD trades after 1303100000:
http://api.bitcoincharts.com/v1/trades.csv?symbol=btcexYAD&start=1303100000But it just send back no data.
Does anyone have an idea or an alternative?
1505.
Post 17652458 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_15.02h):
mtgox is not alive anymore and not listed in Bitcoinwisdom, so that must be the reason
and btcex is closed since 2012 it seems, so the reason why there is no data about them
I don't know where get so precise data about ancient dead exchanges and why would you need them
Well,
http://api.bitcoincharts.com/v1/csv/mtgoxUSD.csv.gz is available (but due to the sheer size hard to query) so I thought it'd be a bug or something? You are right thought that
http://api.bitcoincharts.com/v1/trades.csv?symbol=bitstampUSD is still working.
I'm interested on precise old mtGox data because mtGox dictated the market price in early (up until 2011 at least) years and I want to analyze the data. Starting 2012 I can switch to Bitstamp I guess but a shame to not have access to the data before that.
edit:
Bitstamp starts in September of 2011 on bitcoincharts
1506.
Post 18352436 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_15.07h):
BU hashrate 47,2% the last 24 hours.
SELL, PANIC,
Bitcoin is DEAD
No, seriously, I am a bit worried. My life saving is all in, it's quite stressing.
Stop panicking and using 24 hour based numbers as stats. This is called Variance. Just a little over a day ago, BU was sub 30% and Segwit was leading. Calm down and ignore the fork,
which apparently nobody wants (see at the price on Bitfinex e.g.).
I want the fork! It is free money after all. I'll sell BUcoin and buy more Bitcon.
Are you one of those people that think they get free money when there is a stock split?
1507.
Post 18363825 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_15.07h):
I'll post here one last time just to give you guys warning. This is going to happen, I pretty much saw it already in my dream.
First of all, there will definitely be a fork. If I'm wrong and there is no fork, Bitcoin will lose the vast majority of its marketshare to better crypto, at that point BTC will be left in the dust, permanently, and nothing on this forum will even matter anymore.
But most likely, there will be a fork. During the ensuing chaos, and mass sell-off wars between the two sides, Bitcoin is going to drop into the double digits... this will be a great opportunity to pick up artificially incredibly cheap coins. Probably the last opportunity, ever. And the price will almost certainly shoot back upwards immediately afterwards once people realize they're a bunch of idiots, and either core or BU emerge victorious.
After the fork is done, and BU emerges the victor by killing off the minority chain, all the marketshare that has flowed into altcoins over the last 2 years will flood back into BTC like a tidal wave as people regain confidence and trust in bitcoin. BTC will shoot up like a rocket ship into the multiple thousands. Of course, this would have happened already had Core not stifled growth with the 1mb artificial blocksize limit.
So if you buy in the double digits then it goes into the multiple thousands, well, I think it goes without saying it's a great opportunity...
I'm 99% sure this is going to be how it plays out, I saw it in my dream, they do tend to come true - most of the time.
Make sure you get yourselves into position. This will be my last post here for a while, I am going to sit back and wait for events to develop. Adios.
You sound like a lunatic but may be force be with you. I will be ready should your crazy dream come true.
He IS a lunatic
1508.
Post 18405463 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_15.07h):
The funny thing about countries "officially recognizing" Bitcoin as a method of payment is pretty facetious.
So they "recognize officially" something that they don't have control over anyway, and the "recognition" part is just a promise to regulate and tax the transactions.
"Hey Bob, I see you're using potatoes as a form of money instead of fiat currency. That hasn't been an official form of money in the past, but we're gonna "officially recognize" it for you now. So you have to file a bunch of forms we have to approve first before we can allow you to trade for potatoes. And oh yeah btw, we're gonna need you to pay us 20% of the 'cost basis' of your potatoes for every transaction."
Wow. Just wow. Fuck that.
LMFAO. Potatoes store of value. Quite high fees but still its decent.
Perfect explanation though. And the good little plebs are jumping down because of the 'recognition'. LMAO
1509.
Post 34203403 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_15.51h):
$12288 contest entry: 04/06/2018
1510.
Post 47076209 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.10h):
I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.
Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.
So did the Bitcoin market.
Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.
So did the Bitcoin market.
If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.
I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.
you made me look at the charts for gringo stock market and you seem to be quite wrong
Exactly.... most of the correlation, to the extent that it could exist in some kind of way, is coincidental, more than anything.
Bitcoin is a quite different asset class, and so immature that it is going to take a long while for the correlation dynamics (to the extent that they might exist short term) to get worked out.
When an asset, such as bitcoin, is in the very early stages of adoption and likely at the bottom of the hockey stick, you are not going to find too many assets in that same stage of development and adoption.
Technicals work on the short term and looking in retrospect, but with bitcoin you also have to consider the fundamentals that continue to keep the underlying hockey stick that sometimes is difficult to see in the short term and while we are in the midst of it... but the fundamentals are going to drive the technicals beyond the little categories and boxes in which they try to short term predict bitcoin's imminent downfall that never seems to actually happen because of the underlying and unseen hockey stick - that only some peeps can appreciate such invisible hockey stick for being present.
Evidence to confirm Bitcoin's low correlation to other asset classes at least until the beginning of 2017:
https://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/
1511.
Post 47093135 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.10h):
I hope it does stay that way, too - the fresh money which will pour in on the next hike will largely be institutional. For institutional capital, a lack of correlation is the real appeal. I have that from a Hedge fund manager (macro trader) I know who told me how they see things. The institutional investment industry is watching, salivating and waiting for a safe way in, via ETFs etc. thinking: 'Wow a whole new asset class that doesn't correlate to play with!' For them, it's a unicorn.
OK, huge institutional money actually directly in the market is a double edged sword - however, I doubt crypto can build to the new heights largely on retail investors anymore.
Once they are in (institutional investors), it would start to correlate, because they always buy and sell like lemmings (true for >95% of them).
But if it's seen as contrarian in a general asset crash (like gold USED to be)....?
Then the correlation would be negative. Also useful but far from the value of uncorrelation (or low correlation).
1512.
Post 47935697 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.13h):
Bcash is having a triple fork btw.
It seems BU also had its own fork.
What a shit show.
I saw that before but I think it was a CoinDance glitch. ABC and BU are compatible afaik.
Are you sure with the amazing skill level of their devs and their world class QA levels?
1513.
Post 48135743 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.14h):
Man this thing is tiny. Only 250k units issued at 15 USD means like $3.6M, less than half of which is Bitcoin (Daily volume today is $15k). Don't expect this to affect the price for some time (if ever).
1514.
Post 48144506 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.14h):
What do you think about this?
If Mr. McAffee is the most influential person in crypto.. f%ck my life...
I would tell SEC guys are the most influential
Did you check the source? 500 random retards on the internet LMAO.
1515.
Post 48628445 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.20h):
What's the rationale behind the Bitcorn halving by the way? Why not some sort of continuous curve that converges to zero?
Avoiding unnecessary complexity. Also why the difficulty is not adapted every 10 seconds like bcash.
1516.
Post 48682220 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.20h):
1517.
Post 48800316 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.22h):
There are less than 150,000 addresses with more than 10 BTC.
I think there’s probably less than 15,000 people in the world that have more than 10 BTC.
15K sounds like a lower bound.
I would say that 30-50K is more likely (each having 3-5 wallets of at least 10BTC).
Probably not more than 5K individuals with more than 100 BTC and not more than 500-800 with more than 1000BTC
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95I am actually struck by the fact that there are only about 5K or so with more than 100BTC (16K wallets, but each person most likely has a few, so 3 seems to be a reasonable denominator).
In comparison, there are about 150K individuals with fiat wealth above $50mil (UHNW).
Source: credit suisse global wealth report (2018)
You misinterpret the Medium article you cite. It predicted 7500 people with a minimum of 215btc and 25000 wih at least 89btc.
Thanks for the link, interesting, although I expect some serious reshuffling since sep 2017 to have occurred.
1518.
Post 48864164 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.22h):
Soon the same for zerocash. No way that's not a scam.
1519.
Post 49010758 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.24h):
Bitcoin will not be able to increase the size of the block otherwise it will mean the recognition that BCH is better. But without increasing the block to solve the problem of BTC scaling is impossible
What problem?
1520.
Post 49011932 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.24h):
Bitcoin will not be able to increase the size of the block otherwise it will mean the recognition that BCH is better. But without increasing the block to solve the problem of BTC scaling is impossible
What problem?
7 TPS, Visa has 47000
Great for Visa. It has nothing to do with Bitcoin though.
Bitcoin is not a credit card company and offers no improvement as a more efficient payment system. It's a distributed system with (extremely) high security and (very) high censorship resistance with a non-inflationary monetary base.
I would hope people here would be able to figure out that much ...
1521.
Post 49142044 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.25h):
Does it matter who said it initially? He posted it as a screenshot so it's clear he's not claiming it is his and it's not news or information that needs sourcing as it's self-contained and therefore interpretable without context.
Who cares who said it. I mean if a random hobo in the street said it would that change how you interpret the statement? You either agree or disagree. You are either receptive to the argument (insofar as present) or not.
1522.
Post 49191405 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.25h):
Of course lightning is a far weaker system than Bitcoin offering far less security and censorship resistance. It's designed that way swapping security and censorship resistance for scalability. If you need Bitcoin level security and censorship resistance pay for an on-chain Bitcoin transaction.
Additionally, if lightning ever proofs to not work good enough it can be disregarded altogether. Finally several lightning-like protocols can theoretically exist at the same time (although winner takes all seems way more likely, but perhaps there exists some niche with different requirements).
1523.
Post 49192954 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.25h):
Of course lightning is a far weaker system than Bitcoin offering far less security and censorship resistance.
You miss the point it does nothing to fix the current monetary system. The fact bitcoin is designed around having built-in, rent seeking middlemen who you need to ask permission from to move the coins you supposedly own, and then need to pay a ransom extortion fee to, should be a red flag to any non-idiot that bitcoin at it's core does really nothing to alter the evil banking system that currently exists. The variable of fixed money supply in bitcoin vs infinite fiat supply is pretty much a giant red herring to distract people in this regard.
You don't understand. Lightning is not an equivalent to the monetary system but to a single payment system. Even if lightning is undermined still #bitcoinsusersnotaffected holds. A middle man hardly is a middle man if it's trivial to avoid him
1524.
Post 49193321 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.25h):
Lol Bitcoin does not have to function as a global payment system. Listening to Ver and hanging in /r/btc too often?
If you pay the fee your transaction will be included in the Blockchain. If that fee is the equivalent of $0.10, $1, $10, $100, $1000 or more that simply reflects the value of being able to place a transaction on the Bitcoin blockchain.
1525.
Post 49195092 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.25h):
If you pay the fee your transaction will be included in the Blockchain. If that fee is the equivalent of $0.10, $1, $10, $100, $1000 or more that simply reflects the value of being able to place a transaction on the Bitcoin blockchain.
What is the purpose of bitcoin if transaction fees went to $1000? It's mostly a fucking interbank settlement tool and that's it. The banks would also get rid of it and use their own proprietary settlement tool or token as well. You have to keep in mind that unlike a bank to peon citizen transaction, in interbank settlement they are NOT attempting to rip each other off (usually), so each party would demand an actual real payment and they would use physical metals for settlement like they always do. The other side wouldn't want or accept an imaginary, valueless, digital token as collateral for anything.
The most secure store of wealth with the lowest third party dependency and highest censorship resistance in history. Frankly I see transaction fees in the 5-figures of 2019 USD equivalent a few decades in the future.
1526.
Post 49226955 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.26h):
It's still that one single nutter. No new sources at all. Has the mainstream press begun to get crypto press AIDS?
If they would want to do this they would buy first and leak after. Putin is not retarded. Journalism these days ...
1527.
Post 49228261 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.26h):
How do you know they haven’t been accumulating for months?
I don't but that would still make the news article wrong as its says Russia is going to buy, not has accumulated
Either way the article is BS.
1528.
Post 49244477 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.26h):
yup it is. i own 13 acres, all woods. my firing range has a nice hill for a backstop. outside of that i wont fire unless i absolutely have identified the target and i consider it an immediate threat. although i have fired into the air when the occasional wild dog or such shows too much interest in me or the wife.
all in all its mainly a lot of practice rounds to keep my skills honed.
Firing in the air always bothered me. It has to come down, possibly on top of someone. Why not fire into the ground?
firing into the ground can ricochet or create a spray of spall depending on what it hits. not good when its near you.
when firing into the air, when it comes down its just at normal falling speed as its expended all its energy on the way up. wont hurt anymore than a pebble of equivalent weight falling on you. also the direction i fire in is literally square miles of woods. no houses at all. so i fire maybe 10 degree from vertical in that direction.
A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago. I've seen news articles too of (unintended) casualties from kalashnikovs being fired straight into the air in celebration in the middle east.
1529.
Post 49244527 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.26h):
I'm a little bit ashamed at myself at how horrible I am at prognosticating anything crypto-related, but the current issues with ETH, overall, has led me the seriously ponder; "Is ETH truly and honestly dead, and it just doesn't know it yet ?"
I can't see how it survives 2019 without plunging to at least half it's current valuation.
It almost feels like all the individual elements that have plagued ETH over the last couple years, have recently come together, and left it teetering on the edge of being declared a failed project.
The fact that it's nigh-impossible for the average joe to run a full, modern ETH node is a catastrophic oversight in retrospect.
Nah.
I'd say ETH is BTC-like right now.
BTC can't die because that's the entry gate to any crypto related project. For BTC to die it means all altcoins must die first.
ETH can't die because it's the baseground of all the shitcoin ICO projects. And there is too much potential (appart from all the stormshit) for it to die.
You have few coins that have any use, BTC and ETH are some of them.
So first all ICO crap dies followed by ETH. How is that impossible?
1530.
Post 49267142 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.26h):
The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.
Have fun forking into oblivion.
1531.
Post 49349635 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.27h):
Litvinenko's poisoning in London with Polonium was a not dissimalar MO. One must ask cui bono, surely?
Wait. You believe Putin would poison someone with Polonium in the UK while having him stabbed by a random hobo in a botched 'hit 'n run' would have the same effect? Do you think Putin is retarded? Emotional? He has always seemed the most intelligent and emotionally composed of all world leaders so that seems rather silly.
I think you have been drinking the western cool-aid a bit to much. What's next? You also think Brexit is bad and that there's any evidence for human caused global warming?
1532.
Post 49350489 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.27h):
Litvinenko's poisoning in London with Polonium was a not dissimalar MO. One must ask cui bono, surely?
Wait. You believe Putin would poison someone with Polonium in the UK while having him stabbed by a random hobo in a botched 'hit 'n run' would have the same effect? Do you think Putin is retarded? Emotional? He has always seemed the most intelligent and emotionally composed of all world leaders so that seems rather silly.
I think you have been drinking the western cool-aid a bit to much. What's next? You also think Brexit is bad and that there's any evidence for human caused global warming?
Not the same effect at all. never mind the dead guy. the point is to humiliate the brits and warn Putin's enemies. wouldn't work if there was doubt about the method and perpetrator of the execution.
The only negative effects have been to the Russians. 100% orchestrated by London.
1533.
Post 49365905 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.27h):
As with the other BIS news item of the day, it is 100% clear they are lying. They are smart enough to know Bitcoin fulfils many characteristics of store of wealth (in fact it fulfils all better than any alternative) yet claim it doesn't. They claim store of wealth as a characteristic of a good form of money but glance over the fact that fiat currency is not. Now they try to trick Bitcoin into destroying itself by giving up decentralization by replacing POW (after a long bullshit smear campaign calling Bitcoin mining wasteful and bad for the environent).
It seems like they are becoming desperate. Their campaign will likely (unfortunately) work to overturn Brexit (scaring and shaming the British public into voting remain in a second referendum) but will they succeed with Bitcoin? Their first social engineering attacks failed in the second half of 2017 (bcash en segwit2x). As well as their attacks through the corruption of Mike Hearn and Gavin Andresen. Will this fail this time as well? I believe so but time will tell I guess. These are not small players ...
1534.
Post 49404905 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.27h):
I would argue its understated by a lot more than that. In XRP "non-circulating supply" is owned by the company and the amount is huge. Based on last trade value of an xrp I would argue the market cap to be way above Bitcoin's....
Of course that's ridiculous. Especially since xrp really is not worth anything, I mean it's worse than dogecoin or Ver's bcrap
1535.
Post 49431581 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
Yours, sir, is a remarkably accurate summary.
The Japanese are accustomed to being treated like cows by the companies that milk them shamelessy, as long as the appropriate honorifics are used in all communication.
Yet they are planning to make another corporate coin like Ripple. Then the fools (populace) will fall for the scam and blame it on Bitcoin like they did with ICOs? Wonderful ....
1536.
Post 49433014 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
if bitcoin falls to 1000, then BCH will not fall lower than now
ETH may drop to $ 10, LTC to $ 4, but BCH may not fall below $ 75 because nobody bought it cheaper
BCH will fall to $0 cause that's the terminal value. Don't ask me about timeline though.
1537.
Post 49448837 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
I'll take a
safe bet that it will reach
at least $500 within the next 3-5 years.
BTC run
not included.
If we take this extra for granted, well...
As already said, I mine it. If I'm going to buy it, it needs to be around the $1-$3 range.
Almost bought 300 Grin the other day. But I didn't.
Of course a sub dollar price would be nice for entry. I just don't see it. Never have seen it.
The inflation is way too high so even if this end up being successful there will likely be better entry prices.
Kind of ashame the mining schedule sucks cause other than that Mimblewimble is very elegant. Maybe they will get it right on the 3rd try?
1538.
Post 49466722 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
Does anyone know why the order book on stamp looks so different than elsewhere? On stamp there seems to be much more buy support than sell resistance. Eg buying 1250 btc on stamp now will bring the price up over 17% while selling the same amount will bring it down less than 3%.
However stamp volumes and walls are tiny compared to other exchanges (but other exchanges have more fake volume and walls) and according to
https://data.bitcoinity.org/markets/books/USD the buy and sell walls are much more evenly matched (when I looked just earlier the sell walls were even larger than the buy walls across exchanges).
What is the truth? Does binance have too large an influence on the overall figures?
1539.
Post 49486556 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
On Stamp 800 to 3500, 1250 to 4000.
1540.
Post 49488108 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
On Stamp 800 to 3500, 1250 to 4000.
We’re at $4,001 literally now
As long as I get rich I don’t care, I hate to be so brutally honest.
What? I don't follow. Stamp spot is $3400 right now.
1541.
Post 49497686 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
^^
Hilarious and actualy my GF stopped with eating meat and I am following her trend already for a +- 2 months now
Saving money every way you can amirite?
1542.
Post 49514722 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
190 billion for 5000 customers implies 38m Euro on average per customer. This is the high roller division being moved.
1543.
Post 49514774 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
Tip: try to plot 100, 200 and 300 EMA. Price currently bouncing between 200 and 300 as it did at the bottom in the last cycle. The november drop was from the ema100, similarly to the last big drop in the last cycle.
Draw your own conclusions.
1544.
Post 49515980 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.28h):
Tip: try to plot 100, 200 and 300 EMA. Price currently bouncing between 200 and 300 as it did at the bottom in the last cycle. The november drop was from the ema100, similarly to the last big drop in the last cycle.
Draw your own conclusions.
This chart also tells the same story.
<Snip>
It is about to kick in this month or the next.
If we don't see sub $3k in the next 2 months then it is very possible that we are not going to see it ever again. Changed my mind. If we don't see it in the next 2 months, we can still see it in the 3rd month.
Not my point. In fact, contradictionary.
1545.
Post 49607127 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.29h):
Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.
Why? Jack is a bitcoin maximalist, and considers other coins to be shit/scams. He is the owner of twitter, but also Square. So many of the references that he is making is regarding square, rather than twitter, even though there may be some overlap in the future, too.
In other words, his bitcoin maximalist stance seems to be following a similar ideology as the vast plurality of active participants of this thread. No? What's strange about that?
Supporting Bitcoin is not questionable at all of course.
Twitter's banning of accounts not repeating the left-wing kumbaya propaganda is. Ibian implies that Jack's hand may be tied on that one.
1546.
Post 49649758 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.30h):
@afbitcoins: hey you're alive! I used to read your blog sometimes but nothing new's been posted in a while. Are you done with it?
1547.
Post 49695940 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
He is right. We've Lightning now and 300kb blocks is something more than logical!
Please tell me you are joking; it's so hard to detect sarcasm
In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?
No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!
I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).
Never sacrifice security for something pitiful like "low fees".
1548.
Post 49704610 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
He is right. We've Lightning now and 300kb blocks is something more than logical!
Please tell me you are joking; it's so hard to detect sarcasm
In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?
No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!
I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).
Never sacrifice security for something pitiful like "low fees".
Huh? Segwit is not going to be undone.
You have to get consensus to undo segwit, and recall segwit passed by nearly unanimous consent.
I doubt that sentiment has changed very much, in terms of undoing segwit.
It seems that there remains a vast majority of support for segwit that you would have to overcome if you want to undo it... a simple majority would be inadequate.. bitcoin no work like dat...
Lol not undo segwit. But with segwit came an implicit blocksize increase as segwit transactions are discounted. By reducing thel blocksize to 300 kb that effective increase is undone and the previous situation restored.
1549.
Post 49708721 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Mostly speculative equity investing.
"The fund will also hold a small percentage of its value in liquid cryptocurrencies, such as Bitcoin"
A small percentage of $40M is nothing.
1550.
Post 49710552 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Mostly speculative equity investing.
"The fund will also hold a small percentage of its value in liquid cryptocurrencies, such as Bitcoin"
A small percentage of $40M is nothing.
"Just the tip"
I mostly don't like calling speculative equity investing a crypto fund. Then the stupid businesses fail and it's blamed on Bitcoin. Same thing happened with the ICO's. If you buy an ICO you deserve to lose all your money. It has nothing to do with Bitcoin.
1551.
Post 49712575 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Brexit should definitely have an impact on the price of Bitcoin and the BTC/USD - but my inner guts tell me the price of GBP/USD will go up the sooner we get to the brexit date, this is how the manipulated markets work.
Don't you think GBP is going to lose power against USD after brexit?
I think Brexit will damage both the EU and the UK. My guess is both of those currencies will go below 1.10 (USD) in a few years.
Bull shit. Brexit is great for Brittain (one layer of useless officials stripped). They (globalists) will likely rig the markets for a while to make it appear like that isn't so, but they can't do that forever.
1552.
Post 49712642 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
To buy bullshit, and only a pinch of Bitcoin.
Impressive sale I guess but not interesting to me.
1553.
Post 49729294 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
goose
There is no such thing as libertarian left. If you're libertarian you don't take others money without their permission and make yourself look good by handing it out to others.
Socialism end when you run out of others' money to give away. I'm afraid that's a long way off though ...
1554.
Post 49729599 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.
LOL who is doing the disrespect. We do football and movies too 😋
By the way, anyone up for Champion League.
I am off to see Ajax vs Real. I predict Real to win by 3 - 1 and other one 2 - 2 however I placed a bet for over 1.5 for both games. I hope I win.
3-1 or 3-0 real =Ok
spurs WIN 2-1
Ajax - real 1-2 Karim Benzema
Yes. Uefa Mafia. Real would probably win over 2 matches anyway, why do they need to cheat?
1555.
Post 49729622 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Others people's money is a dangerous word. Profit is the unpaid value that workers create. So really a lot of money is just stolen from others.
They work for the company voluntarily, do they not? Nothing stolen about it. Socialists are the only thieves. It's why I'll never contribute anything to society anymore. Society deserves exactly what it gets.
1556.
Post 49729997 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Capitalism sure is an efficient way to distribute resources, 9 vacant homes for every homeless person in America.
Don't you realize that nearly every technological innovation has been founded by the public sector. (cell phones, gps, space travel, internet)
We are socializing the losses and privatizing the gains.
Also I am quite wealthy myself but I want to see society succeed in the best way possible.
Omg will you be the first on my ignore list I wonder ....
1557.
Post 49730064 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
I see we disagree heavily, my main goal is to give people a baseline like an UBI. We are missing out on a lot of potential by people stuck in poverty that go through extreme stress and are never able to achieve anything great. I believe everyone should at least have their basics met: education, healthcare, housing, food.
You are rich right? Go do that with your money and shut the fuck up about how the rest of us use ours.
1558.
Post 49730150 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
I see we disagree heavily, my main goal is to give people a baseline like an UBI. We are missing out on a lot of potential by people stuck in poverty that go through extreme stress and are never able to achieve anything great. I believe everyone should at least have their basics met: education, healthcare, housing, food.
You are rich right? Go do that with your money and shut the fuck up about how the rest of us use ours.
There is only so much one person can do. Don't you realize crime and violence happens mostly because of poverty. I'm a bad person for wanting to make the world a better place?
You are a bad person for trying to take others' money. You are evil for trying to look good giving it away to others. It's ironic you're making the world a worse place in the long run for everyone. I dispise people like you so much ...
1559.
Post 49730191 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
This is the wrong place for me to talk about socialism, Universal basic income. Most bitcoiners are hardcore libertarians.
Even Elon Musk admits that wealth distribution will be mandatory very soon with the rise of automation.
Universal basic income is literally the most retarded idea ever in the history of the world.
Newsflash for you millenials around here: the universe owns you nothing. Go do or creare something useful for yourself and/or others and you'll be able to take care of yourself.
Btw: Elon fucking Musk is your great example now?
1560.
Post 49730262 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
This is the wrong place for me to talk about socialism, Universal basic income. Most bitcoiners are hardcore libertarians.
Even Elon Musk admits that wealth distribution will be mandatory very soon with the rise of automation.
Universal basic income is literally the most retarded idea ever.
Newsflash for you millenials around here: the universe owns you nothing. Go do or creare something useful for yourself and/or others and you'll be able to take care of yourself.
Btw: Elon fucking Musk is your great example now?
People are born into a monopoly game where all the pieces are already owned. The numbers don't lie, falling wages, rising house prices. You don't even have the option to just go and live off the land if you want, everything is "owned".
I brought up Elon Musk because you seem to respect wealthy people, maybe he can knock some sense into your brain.
Lol, I value people creating value. And the whole deck's stacked against me is so old. Try to play the hand your dealt and don't blame others for it.
If you learn to do something valuable and aren't to lazy to do so you can improve your situation without leaching on others. Time to stop being jealous and lazy and do something other than point at the things the other animals collected for winter.
1561.
Post 49740661 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
$359.5M in 2018 of which only $30M in Q4. Buy high sell low remains the norm in this space I guess.
1562.
Post 49754753 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Lol at talking about a permissionless world and meanwhile believing patents hold merit.
1563.
Post 49756233 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.31h):
Lol at talking about a permissionless world and meanwhile believing patents hold merit.
Two different systems, each governing different spheres of activity.
While we don't all get a chance to write the rules, we all must live within them.
And yet these two "systems" are not so separate as you try to make them appear, are they?
1564.
Post 49788393 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Where are they selling "live forever upgrades" these days? Cause I see the world's wealthiest still turn into fossils and die. You'd think they'd buy it if available ...
1565.
Post 49789563 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Where are they selling "live forever upgrades" these days? Cause I see the world's wealthiest still turn into fossils and die. You'd think they'd buy it if available ...
Life extending technology will eventually be invented. But not for the next 100 years.
I would consider looking up a digest of the progress on life extension at least every other year, starting now.
There's a decent amount of buzz going on there, comparable to Bitcoin 10 years ago.
The current "cutting edge" claims are a 50/50 chance for catching up to the aging escape velocity by 2040-50, and claims for minor rejuvenation (adding less years than you'd need to halt/reverse aging) by 2030ish.
Cryopreservation is also becoming significantly cheaper, so that could be an option for people too old to make it to even 2050. Around the next rally a fraction of a Bitcoin could be enough for the cryopreservation part, and with a sensible portfolio you could "unfreeze" filthy rich whenever the technology is there.
tl;dr We're virtually around the corner (relatively speaking). So anyone who feels like potentially being able to choose their point of death should do some digging.
I'm really interested but I think the "best" thing so far is Rapamycine and that is highly experimental, only tested on mice and its unknown why it works.
I've been looking at this at least yearly for a decade and its a strong desire of mine as I consider human lives crazy short (plus I want to see the future, living is the only time machine likely feasible in our universe).
If you have better/more info available I'm very interested. Links are perfectly fine too.
Thanks!
1566.
Post 49789656 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
It'd also probably be quite cumbersome to shit billions and billions and billions of human bodies for replacements.
Billions? For what reason do you believe billions can afford this at any time in the next millennia. It will only be for the lucky few if available at all.
1567.
Post 49790496 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
It'd also probably be quite cumbersome to shit billions and billions and billions of human bodies for replacements.
Billions? For what reason do you believe billions can afford this at any time in the next millennia. It will only be for the lucky few if available at all.
Economics of scale. Cost of production for everything is going down and with abundant energy (fusion) and advances in AI physical "things" will be virtually free. But producing all those bodies would still be less desirable than just getting some vaccine.
The planet is already overcrowded. That will not be allowed.
1568.
Post 49793266 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Man wasn't meant to live forever, we don't need a 1000 year reigning Nero.
Speak for yourself
1569.
Post 49795319 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
yeah...watch out if they will find something positive...immediately the price would go from 5c to $100-1k a pill.
It would be worth it, right?
I remember how during the first swine flu the cost of a weekly dose of tamiflu went from $10-20 to $300 or higher on the internet (local pharmacies were out for months).
It was worth it as well, just as $20 per btc tx was in December of 2017. People went crazy trying to get in the block immediately.
Not a problem if you get it on a prescription where I live (max price for meds is 240ish USD per 12 month period, some, like insulin, are no cost.
Yeah but how do you get this in prescription without getting type 2 diabetis?
1570.
Post 49795452 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Yeah but how do you get this in prescription without getting type 2 diabetis?
its indicated for prediabetes too. just need more or less consistently high(ish) glucose levels and A1C values in your labs. which a pretty large chunk of Americans have, due to obesity and poor eating habits..
i believe its off label for weight loss. dunno if typical insurance covers that though.
Lol, so you get punished for being healthy.
Checked for the Netherlands. You cannot buy it (legally) without a doctors prescription (genetic or branded).
With off label for weight loss you mean in the US its purchasable without a prescription?
Insurance shouldn't cover it if you're basically taking it as a food supplement, but its silly that you are not allowed to buy and use it yourself if you're healthy ...
1571.
Post 49795551 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Yeah but how do you get this in prescription without getting type 2 diabetis?
its indicated for prediabetes too. just need more or less consistently high(ish) glucose levels and A1C values in your labs. which a pretty large chunk of Americans have, due to obesity and poor eating habits..
i believe its off label for weight loss. dunno if typical insurance covers that though.
Lol, so you get punished for being healthy.
Checked for the Netherlands. You cannot buy it (legally) without a doctors prescription (genetic or branded).
With off label for weight loss you mean in the US its purchasable without a prescription?
Insurance shouldn't cover it if you're basically taking it as a food supplement, but its silly that you are not allowed to buy and use it yourself if you're healthy ...
The reward for being healthy is not having to put any lab produced chemicals in your body. If it ain't broke, don't fix it. Particularly if Pfizer or Roche are the solutions looking for a problem.
It is broke, the human body ages. The drug he linked to is generic, Pfizer and Roche make little on it. It's made of a plant and used for centuries (from the source linked by Arie).
1572.
Post 49795595 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Yeah but how do you get this in prescription without getting type 2 diabetis?
its indicated for prediabetes too. just need more or less consistently high(ish) glucose levels and A1C values in your labs. which a pretty large chunk of Americans have, due to obesity and poor eating habits..
i believe its off label for weight loss. dunno if typical insurance covers that though.
Lol, so you get punished for being healthy.
Checked for the Netherlands. You cannot buy it (legally) without a doctors prescription (genetic or branded).
With off label for weight loss you mean in the US its purchasable without a prescription?
Insurance shouldn't cover it if you're basically taking it as a food supplement, but its silly that you are not allowed to buy and use it yourself if you're healthy ...
The reward for being healthy is not having to put any lab produced chemicals in your body. If it ain't broke, don't fix it. Particularly if Pfizer or Roche are the solutions looking for a problem.
It is broke, the human body ages. The drug he linked to is generic, Pfizer and Roche make little on it. It's made of a plant and used for centuries (from the source linked by Arie).
and yet they still aged and died, didn't they?
Quantities and consistent use. And who says they didn't age slower?
1573.
Post 49801273 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
*crop*
The reward for being healthy is not having to put any lab produced chemicals in your body. If it ain't broke, don't fix it. Particularly if Pfizer or Roche are the solutions looking for a problem.
It is broke, the human body ages. The drug he linked to is generic, Pfizer and Roche make little on it. It's made of a plant and used for centuries (from the source linked by Arie).
The study dose looks to be about a pound per day, based on a 45 day run.
Hmmmmmm
Very cheap if it postpones all aging related diseases with decade, is it not?
1574.
Post 49818075 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Don't like LN? You are free to opt-out without this stopping you from using Bitcoin directly. You are also free to develop another second layer on top of Bitcoin and only you and your counterparty (ies) need to adopt it for it to work.
1575.
Post 49822970 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon
But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.
1576.
Post 49823053 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Lastly, Bitmain reportedly had to sell 500,000 BCH over Q3 and Q4 2018 to cover losses.[/tt]
Really? I would have imagine BCH would tank way harder with such a huge sell, there can't be that much liquidity there. Did he manage to find a sucker to buy it in an otc deal or something? :/
1577.
Post 49823096 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon
But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.
PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.
What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).
1578.
Post 49834081 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
I concede that if you have a large financial stake in Bitcoin and are not running a full node, then you are a fool.
Maybe the "foolish not to run a full node" is one of those acceptable differences of opinions to agree to disagree regarding what constitutes a fool and in what circumstances.
JJG if you run a full node you don't need to trust another (to validate the blockchain). If you have more than a token amount invested that does indeed make it foolish to not run a full node. There's not any room for "agreeing to disagree".
1579.
Post 49834345 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.32h):
I read through the proceeding. Shouldn't they at least mention what procedure they intend to follow if there is another contentious hard fork in the future?
1580.
Post 49843154 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.33h):
Have Fun watching them
BTW, I had no idea your partner was so fucking based.
I can respect the idea that you are averse to marriage, but don't lose this one, broheim.
You have snagged yourself a very special woman.
Treat her well.
He can't eat meat ...
1581.
Post 49843352 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.33h):
Have Fun watching them
BTW, I had no idea your partner was so fucking based.
I can respect the idea that you are averse to marriage, but don't lose this one, broheim.
You have snagged yourself a very special woman.
Treat her well.
He can't eat meat ...
My i suspect closly living WO brother
I can eat as i please
Going into HODLstation and gonna explain this matter better tomorrow
The how and why’s etc
Just teasing. But meat is really nice
1582.
Post 49849521 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.33h):
Crazy how much more
Bullish things are than 2015. Just to name a few...
Bakkt coming soon
ETFs just a matter of when, not if
Samsung putting wallets in their flagship phone
Fidelity
Roach an Gembitz apologise and turn Bullish
Elon Musk comes out of his Crypto Closet and declares moon.
White House Chief of Staff for potentially the next 2-6 years is a Bitcoin lover.
We have Crypto Mom at SEC, plus another new commissioner is pro Bitcoin, and Stein, the Bitcoin hater just finished her term
Ive been converting nocoiners to Bitcoiners for 5 years out in the real world and its never been easier for me personally to convert them than now, they are dying to understand it.
We dont have to worry about chinese miners blocking segwit and big blockers have disgraced themselves over and over and over and over and over and over and over and over and over
Lighting is here and ninjas are buying pizza with it and sheeeeiiit.
Did I say lighting is here and its awesome.
Jack Dorsey is hard core Bitcoin maximalist.
Less people than ever believe the MSM Bitcoin haters, more percent of people than ever get there Bitcoin info from places like Twitter, Reddit, and the CEO of Bitcoin Known as WO.
Bitmain is going out of business as punishment for their sins against Bitcoin.
Google added our symbol to its keyboard.
The US gov doesnt have tons of coins to dump on our head everytime we pump.
and much much more.
Now all we need is for the mt Gox custodial to accidentally send all its Bitcoin to a burner address and the rally can finally begin.
1583.
Post 49849923 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.33h):
Now all we need is for the mt Gox custodial to accidentally send all its Bitcoin to a burner address and the rally can finally begin.
I get your point, but that would be a terrible waste of valuable
BTC.
Enough is lost already.
Most of Gox creditors will probably hodl. I sure will. Maybe I will even buy more with the FIAT part.
Agreed, Mt Gox creditors have been in the game longer than most and understand these are dirt cheap prices. If they were to receive fiat and BTC around this price range I believe most would be converting fiat to BTC and hodling the BTC they receive. Its not like these coins are being sent to buttcoiners or central bankers, Gox creditors are mostly true believers.
However if prices are above 20k when funds are returned, then sure, Id guess many would be dumping some coins.
You guys are thinking way too rational here I'm afraid. A great many mt. Gox holders were "done" with bitcoin after mt gox and still are. Also note price is still up 10x since then so this money, they thought they lost, feels like a windfall to them (and not savings).
Add to that the percentage of mt gox creditors who are in financial duress, by w/e reason, and I believe there will be huge selling pressure from the mt gox coins being distributed. But hey luckily by the time there will also likely be significant upwards pressure so maybe it will only cause longer consolidation or slower growth.
1584.
Post 49975512 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.34h):
https://www.reddit.com/r/BitcoinMarkets/comments/avmnjs/daily_discussion_thursday_february_28_2019/gr8ful4
58 points
·
11 hours ago
·
edited 11 hours ago
Without going much into detail, I'd like to share this long term view with you.
"For 8 years I'm trading the multi-year cycles in this market. More than anything else I focus on market psychology. I use TA, FA and SA only to optimize my entries and targets. In short: each cycle, each top and each floor has its own character. Each cycle builds upon an earlier cycle.
Knowing the character and knowing the development path ahead can give incredibly detailed insights into what to expect next.
Looking at how we broke down from 6k compared to earlier huge break downs lets me assume that the market participants were prepared for such an event. They even anticipated it. No one even tried catching the knife. They just let it fall.
There was only one true capitulation event in BTC history and it was back in 2011. 2013 was a short lived capitulation event triggered by a shitty and lagging exchange which exaggerated every move. 2015 capitulation was forced by Mt. Gox and other exchange hacks. What seemed a "true" capitulation to most was the best buying opportunity for insiders ever.
After loading up in late 2011. I accumulated vast amounts in the first half of 2015. Back then BTC was still small. Some thought it was dead, but seeing the infight between all the fractions in the ecosystem made it clear, that they are fighting for something very valuable!
Back to our anticipated capitulation event of late 2018. I think there is no one seriously doubting anymore that cryptos are here to stay. That means a true capitulation event is (almost) impossible to occur after it already lost 84%. The only thing that can happen is media manipulation of the masses. But people seeing institutions adopt "blockchain" at every corner aren't stupid and won't give in easily. That said there is tremendous risk for market makers and whales to push price below a certain point, because they always have to factor in re-accumulation + ideally some margin for profits to make the effort worthwhile."
I have been pondering on how much 2015-2016 matches 2019. I took daily data open/high/low/close and looked at the ratio of the two lows; 152 to 3122 (actually in Dec '18) which seems an obvious way to work.
Then I have tried to overlay on spreadsheets the same prices 'post the bottom', to see if there is any kind of a similar pattern. It didn't correlate on a daily basis enough (using the ratio as a factor) for it to be valuable - as it seems to be currently running lower. I shifted to looking at the same 'time frame', that is; correlating from mid Jan 19, rather than the December 18 low, but neither are close using the same ratio (although it is roughly the same amount 'out' if you zoom out).
The only conclusion I can make so far, is relevant to the above post. This is that the sharp final snap down didn't happen, so it follows there was not a sharp snap back up afterwards of the same order as last time.
So far the only thing to do to get a closer match has been to to change the 'ratio' I am using in % terms. This looks much closer in terms of matching the range of activity post bottom (on the tiny data set since). If this stays close for a while - it will simply mean we are heading for a curve with not as high a peak from the Dec 18 bottom in % terms.
I will try to tweak this over the coming months and see if it has any value, but if anyone else better at working this out wants to try - and can factor in more sophisticated statistical analysis (standard deviation etc.) that would be good...
EDIT: for sense.
Very cool. Looking forward to hearing more about this!
Draw the MA20, MA50 and MA200 on the weekly chart (or scroll back to 2015 on this chart
https://www.tradingview.com/chart/oX2Pedi8/ ) and compare how it bounced between them back in 2015 before breaking out. If the same future holds, price will bounce between the MA20 and MA200 a few times before breaking up to the MA50 (~$6k now and falling). From there it will break down through the MA20 down to the MA200 after which it will break up through all of them.
Of course only if history repeats itself
1585.
Post 49980770 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.34h):
IMHO its too early to break out of the high $3k - $4k range. Am inclined to think we will be around this range until mid year.
What about:
Late March - early April up to weekly MA20 ($4.1k)
Late April - early May down to weekly MA200 ($3.5k)
Late June - early July up to weekly MA50 ($5-$5.5k)
Early to mid August down to weekly MA200 ($4k)
Early to mid October breakout above all 3 MAs ($4.5k)
Late October - early Nov short term peak ($6k-$9k) before normalizing above $6K and growing further.
1586.
Post 49986702 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.34h):
I'm famous! Guess it's time to move to Hollywood and get into the drug scene. Then end up broke in the gutter until years later when they ask "where are they now?" where I clean up for the interview as everyone says how brave I am.
One can dream...
Not sure if Elwar should have been consulted about this before posting. That article gives out personal info.
As to the personal info I really doubt those are their real names anyway
They are easily locatable on facebook. At least the girl has a very different last name (more thai lol). I guess they don't mind or their Facebook would be blocked off? (If you do mind go do that Elwar).
1587.
Post 50015085 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.34h):
You know what Brexit is? It’s Mark Zuckerbergs revenge on the EU for GDPR (EU privacy laws). And the right wing has fallen for it, hook, line and sinker.
https://www.dailymail.co.uk/news/article-6765903/Facebook-targeted-George-Osborne-campaign-against-new-data-privacy-laws.htmlThe EU was our change at getting decent consumer protections and strong privacy laws and taxing corporates like IKEA that make billions but haven’t paid a pound in tax since 1976. But no we have to listen to Tommy Robinson and burn all that because fuck Polish plumbers.
Such a clusterfuck driven by racism. I hate racism because it is a tool used by the 0.1% to control the people.
You're so silly. Brexit is about leaving a bureaucratic clusterfuck that wastes money and adds zero value. Politicians are against it because they are looking forward to some sweet overpayed EU jobs when they retire from national politics. Has zero to do with racism that's the politicians manipulating you (same holds true for it's bad for the economy. Brother please, come back 10 years after Brexit and we'll talk).
Oh and GDPR is fucking terrible for everyone (people and businesses alike) but the EU bureaucrats.
1588.
Post 50023647 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.34h):
It's more than that Elwar.
ALL tax levied on corporations simply becomes a line item in COGS and is added to the price of it's product.
Consumers pay taxes, full stop.
Cherry picking.
You can not have one (consumers) without the other (corporations).
Consumers don't just magically have money, they earn it by working for (or running) corporations.
And their paycheck comes from corporations. Thus from consumers.
Consumers pay themselves and build corporations to increase their consumption.
Trying to credit taxes paid to either party is patently false and ignores the underlying reality of our society. Which is also why trying to target tax corporations vs consumers is just retarded tribalism in a new disguise created by government propaganda, the only party that takes 70-80% of everything humans create and then quite literally burns the vast majority of it.
Edit: In case you want to keep your distinction between consumers and corporations then factually corporations pay all taxes (including your income tax).
All completely true except for your last point as you're forgetting about personal wealth taxes, estate taxes, capital gains taxes (on real estate and commodities), stamp duties etc.
1589.
Post 50073522 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.35h):
20 years of price changes in the United States...
Notice how government subsidized industries are the most expensive? 😮
College tuition in Belgium
Tuition fees at public universities and colleges in the French Community of Belgium are set by the regional government. For the academic year 2015/2016, tuition fees ranged from 374 to 836.96 EUR per year for EU students depending on their income and whether they are eligible for a grant/scholarship.
There are other reasons. Don’t blame it on government subsidies
I'm in Europe and University has gone to shit here. The Bachelor/Master system is a complete downgrade and utter disgrace from what we had before in a country undisclosed. University is now school round two instead of being an institution that fosters research and critical thinking (in non-research students - which make up the majority of the student body). I was appalled at how cookie cutter Mathematics and Physics programs are and surprised at the resulting quality of graduates (before I realized the problem).
Also, thanks to university "being" (appearing) free, people who can't normally afford it are taking up bullshit recreational courses that don't produce any value in the Economy. I don't have anything against those and am interested in some of the topics myself. But when people get fooled into believing that they can study anything and get a job there's a problem. And when it's "free" they are ridden of any incentive to think about the implications of their actions.
I totally agree with you, especially regarding the The Bachelor/Master system.
But I also think that the government more or less pushing everybody in to university studies is to blame, it's become more like high school than university, with some exceptions.,When I studied in the late 80s early 90s it was still a bit special to study at a university, today it seems more or less mandatory.
Because more of the population needs to be there the level has been degraded on purpose. The degrees are inflated like fiat currency.
Especially the alpha studies are complete nonsense with mandatory attendance based grading. With the ever more free availability of information I think the future of universities as part of the education system will come to an end in the next decades allowing them to focus on research once more.
btw: Did you read about the US university last week which wants to start grading on effort instead of merit. LMFAO!
1590.
Post 50078154 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.35h):
I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.
1) BTC price rises above $6k and stays there for at least two months
2) BTC price rises above $4.5k and stays there for at least six months
3) BTC price does not break below $3,320 for at least one year
Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?
Given the upward slope of every long term support/trend line, $3,320 in 11 months would put is in bad shape, as I believe it would violate pretty much all long term bull lines.
$3320 today would already do so (unless its an intra-week downspike) as it's below the weekly MA200.
And if spikes above $6k on the weekly bull market would be 100% confirmed. No need to wait 2 months (daily MA200 is at $5k and weekly MA50 is at $6k).
1591.
Post 50078340 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.35h):
Serious printing will start after they will start buying Bitcoin.
Today while reading that in my country females finally got to only 5% lower salaries then the men, what would sort of look fine if there would not be 30% more females college graduates then men. I was thinking. We are at the brink of the biggest redistribution of wealth in human history. It is happening right now. And where are females? They will manage to skip it again. Let men take everything back. This world is so cruel.
Women (as a group) still get pregnant and have babies and are generally more often sick than men. Any free market would give them a discount (on average) and 5% is not enough (it's only this low because of government intervention). Look at individuals, many women are highly successful and make a boatload of cash!
Not everyone is equal I'm sorry.
1592.
Post 50080146 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.35h):
Exactly, it's about being an individual, a personality. The physical form is secondary (yet bound to some minimum requirements regarding sensing, interacting and mobility to be able to develop personality to a sufficient degree).
I see AI or "non-biological" form or some hybrid solution the next evolutionary leap. Yes it can be evolution if it's designed as many things will be designed and compete for survival.
1593.
Post 50120951 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.35h):
Bitcoin trading volumes today same as when the price was 11K USD
Nothing unusual about that really, it’s possibly a good thing. Maybe lots of people are starting to accumulate in this period of low price volatility.
But who's selling?
1594.
Post 50121596 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.35h):
Bitcoin trading volumes today same as when the price was 11K USD
Nothing unusual about that really, it’s possibly a good thing. Maybe lots of people are starting to accumulate in this period of low price volatility.
But who's selling?
Selling? Are you kidding?
I have seen 19k+ but still held strong.
Yes but someone is selling. Volume is a bitcoin trading hands from one to another. I'm surprised there's this much volume at this low price at this point in the cycle.
1595.
Post 50127854 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.36h):
Hard to read in the image. HMA80 and HMA55 is it? Why these two? What does the H stand for?
1596.
Post 50159639 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.36h):
what's going on? first spike up, now spike down? I'm not used to this volatility anymore. please, someone make it stop
It will stabilize at 3850 like nothing happened...
There and back again
1597.
Post 50183811 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.37h):
If it follows the 2015 pattern this move will fail to break through weekly MA20 (around $4100) and move back to weekly MA200 (above $3400 now) to bounce up from there again as I wrote here:
https://bitcointalk.org/index.php?topic=178336.msg49980770#msg49980770Fingers crossed for price to push right through upwards though.
1598.
Post 50207335 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.37h):
I´m playing with the fractal chart and its kinda creepy how similar the patterns are now compared to the bottom of 2015.
In the weekly chart with MA 20 50 100 200, having 3 MA crossings behind us it looks like we are at May 18 2015, touching the 20 MA.
Following that scenario, then likely a correction is coming down towards 200 MA ($3400-$3500) and then soon a bullish move up to visit the 50 MA ,
possibly around $5600 ?
Grab some nipples and HODL!
I agree. Except everyone is looking at the same charts as you and front running the fractal, so the dips are being absorbed.
I doubt were in May 2015 in that chart, more March 2015, the first bounce of the weekly MA20 after the bottom. See:
IMHO its too early to break out of the high $3k - $4k range. Am inclined to think we will be around this range until mid year.
What about:
Late March - early April up to weekly MA20 ($4.1k)
Late April - early May down to weekly MA200 ($3.5k)
Late June - early July up to weekly MA50 ($5-$5.5k)
Early to mid August down to weekly MA200 ($4k)
Early to mid October breakout above all 3 MAs ($4.5k)
Late October - early Nov short term peak ($6k-$9k) before normalizing above $6K and growing further.
1599.
Post 50218083 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.37h):
Will it bounce down of the weekly MA20, or surprise and cut through?
1600.
Post 50328994 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
A very good point:
Bitcoin is a universal unit of measurement
Just like 1 meter always = 100 cm, 1 bitcoin always = 100,000,000 sats
Using the dollar to value things (incl. BTC) makes little sense as its supply always changes
Imagine trying to measure smth if a meter constantly changed in length
In fact it would be like the meter constantly lost value. It would be like the surface area of your house kept increasing year after year, day after day!
1601.
Post 50329224 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
A very good point:
Bitcoin is a universal unit of measurement
Just like 1 meter always = 100 cm, 1 bitcoin always = 100,000,000 sats
Using the dollar to value things (incl. BTC) makes little sense as its supply always changes
Imagine trying to measure smth if a meter constantly changed in length
In fact it would be like the meter constantly lost value. It would be like the surface area of your house kept increasing year after year, day after day!
Well, when I priced a house 1.5 years ago, it was significantly less btc than today, so is btc as a unit shrinking?
That whole argument is bs UNTIL we will start transacting for goods in btc.
As long as fiat is the main transactional venue, we might have to postpone purchasing large items with btc.
TL;DR how could it be a universal unit of measurement when it produces different measurements of the same item.
It is not bitcoin that changes, it is the house???
P.S. Mahmudov brothers are infamous for these gobbledygook exclamations while presumably shorting btc.
Nah it's about what is used as unit of account, what is used for the transaction is not very relevant. Fiat currencies will likely be used as units of account for a long time due to their relatively low variance, and the fact that taxes are determined based on fiat revenues (vat, revenue tax, income tax etc) and companies like to avoid exchange rate risk (speculating on XR is not their core strength).
This does not preclude bitcoin (or PMs or any other substitute) from being used to carry out a transaction.
1602.
Post 50330408 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
@JJG but there is always some exceptional case in sports where the vegan player stays on top. I am aware of only one such player, Indian Cricketer Virat Kohli
I am far from convinced about the health benefits of veganism.. including the necessity to somehow get all essential fats in a vegan diet through plants or some bullshit, when those essential fats are frequently already present and largely already bio-available (without having to take a bunch of bullshit supplements) in various kinds of meats
google "avocado fats" : 21-29g fat in a ~150g vegetable. That's a lot and those are 'good fats' of a variety that increases HDL.
That said, I have nothing against meat. Overall, for older people it is perhaps beneficial to slowly transition to less red meat.
Animal protein has a different ratio of the four amino acids than plant based protein. If you only consume plant protein you're going to end up with a surplus of some and a shortage of another.
And that's just one of the many deficiencies caused by a vegetarian diet (of course this is not true if you consume things like milk, eggs and/or other animal based foods or supplements). Humans are omnivores. Don't be ashamed of your species, that's silly.
1603.
Post 50330669 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
@JJG but there is always some exceptional case in sports where the vegan player stays on top. I am aware of only one such player, Indian Cricketer Virat Kohli
I am far from convinced about the health benefits of veganism.. including the necessity to somehow get all essential fats in a vegan diet through plants or some bullshit, when those essential fats are frequently already present and largely already bio-available (without having to take a bunch of bullshit supplements) in various kinds of meats
google "avocado fats" : 21-29g fat in a ~150g vegetable. That's a lot and those are 'good fats' of a variety that increases HDL.
That said, I have nothing against meat. Overall, for older people it is perhaps beneficial to slowly transition to less red meat.
Animal protein has a different ratio of the
four amino acids than plant based protein. If you only consume plant protein you're going to end up with a surplus of some and a shortage of another.
And that's just one of the many deficiencies caused by a vegetarian diet (of course this is not true if you consume things like milk, eggs and/or other animal based foods or supplements). Humans are omnivores. Don't be ashamed of your species, that's silly.
Twenty amino acids, four is a number of nucleotides (A,C,G,T)
.
That said, I am an omnivore, albeit starting to enjoy veggies (and fish) a bit more.
You are correct, I confused amino acids and nucleotides.
Oh and not eating (sufficient) veggies is just as silly as not eating animal based protein. You need both.
1604.
Post 50337372 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
I received 1 merit today. Why does it say my smerit is 0? Was looking to immediately send it out again.
1605.
Post 50337517 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
I received 1 merit today. Why does it say my smerit is 0? Was looking to immediately send it out again.
1 gives you 0.5 sMerit however you can not see it until it's 1
Ok I understand now, thanks!
1606.
Post 50338623 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
four amino acids
Needs to be the ratios of the four nucleotides that make up the amino acids (in animal vs plant based protein). Was already corrected above.
1607.
Post 50341002 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
An early good morning Bitcoinland. Got my tasks in Mexico almost done and flew back to Toronto for a month or so.
The price of Bitcoin seems to have followed me north (again??)... currently $4032USD/$5410CAD (Bitcoinaverage).
C'mon Bitcoin. Let's get this $4k thing done and move on. It's getting boring.
Since the price goes up when you travel North Jimbo, have you thought about an arctic expedition?
I'm sure we on the WO would appreciate the price hike!
Keep traveling north until you're back home.
1608.
Post 50352520 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.38h):
Is it wrong to be a fan of both Bob and JJG?
I feel like I should be choosing sides here...
LOL j/k. It's all entertainment and part of the WO cycle.
I thought most of us liked both? Although JJG is sometimes too wordy even for me, and I like words and
convolutions.
Same here.
1609.
Post 50364745 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
Satoshi could've really made a very complex whitepaper, but it's interesting that he chose to keep it extremely simple by not including any difficult stuff.
Why did he do that?
-the elements were mostly there, just need puzzling together
-it is quite simple at heart, though the code was more complex
-to make sure the CIA knew they were fucked from day one
Agreed
+ the hardest thing you can do, is make complex things simple
Removing
unneccerary complexity.
1610.
Post 50365625 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
Final results from the last one:
im not sure what to make of that, as most WO folk should always be more or less in accumulate mode unless in financial distress or the profit at the time is too good to pass up, say to exchange into some other type of wealth or holding. so dumping, especially at 4k USD, doesnt make sense to me, especially as most of us think it will ultimately be much higher down the road.
maybe some folk are treating it as a bonus to spend?
i voted hodl of course. im curious as to the reasons some voted "dump."
full disclosure: last December, after the October deadline, i logged into mtgox for lulz (1st time logging into it since it went under) and found i actually had a btc balance. i was like wtf could of sworn i emptied it out. but low and behold i was wrong. so submitted a claim as the site still let me do it even though it was after that October deadline, and *poof* find my claim is accepted in that email that recently went out.
The vote was
not what
you would do but rather what
mt Gox creditors would do.
On aggregate I expect a lot of selling of people no longer interested in the investment or who can use a financial windfall for normal life expenses (marriage, children, vacation, house, debt, medical expenses etc.) with or without gentle pressure from a significant other.
Life has continued on since early 2014
1611.
Post 50366005 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
That is most definitely not what was meant in the poll.
1612.
Post 50366116 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
That is most definitely not what was meant in the poll.
my bad then.
still curious as to reasonings for dumping vs hodling though.
I tried to answer that above. Do you disagree these are valid reasons for a lot of people? (Not you)
1613.
Post 50366365 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
That is most definitely not what was meant in the poll.
YOu should not take into account the small hodlers like us. What is really critical is what the HUGE hodlers there will do. Well, most of them already have HUGE stashes outside of mtgox... they have already sold whatever they wanted to sell. I don't think they are waiting for the gox reimbursement to sell.
My prediction is that most of the gox coins will be hodl... And I voted accordingly.
That could be true. Is there any data available about the distribution of claim sizes at mt Gox? Is the majority of the total claim amount part of small claims or large ones?
1614.
Post 50366418 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
That is most definitely not what was meant in the poll.
my bad then.
still curious as to reasonings for dumping vs hodling though.
I tried to answer that above. Do you disagree these are valid reasons for a lot of people? (Not you)
makes sense to me that if people got burned big time and swore off btc when mtgox went down they would lose trust and cash out at 1st opportunity.
but this is the WO thread. thats why i was surprised, are not most of us here believers in btc?
lots of lurkers voted maybe?
I think most mt gox creditors are not in this thread.
1615.
Post 50367076 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
That is most definitely not what was meant in the poll.
YOu should not take into account the small hodlers like us. What is really critical is what the HUGE hodlers there will do. Well, most of them already have HUGE stashes outside of mtgox... they have already sold whatever they wanted to sell. I don't think they are waiting for the gox reimbursement to sell.
My prediction is that most of the gox coins will be hodl... And I voted accordingly.
That could be true. Is there any data available about the distribution of claim sizes at mt Gox? Is the majority of the total claim amount part of small claims or large ones?
Yes, the creditors list is public, but I don't remember where it is. And yes, there are a few hue (legit) claims that sum the majority of BTC. Ie: Josh Jones of Btcbuilder has like 40000 IIRC.
Buitcoinbuilder is not a good example as that claim consists of loads of small ones. Did Bitcoinbuilder ever publish its claim distribution (probably not).
I am quite curious where the 80% of aggregate claims fall under, small or large. Makes quite a difference (my assumption thus far has been small).
1616.
Post 50431443 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
What line did you draw? The daily 200 SMA is at 4600 ...
Your probably looking at a simple moving average and what I was showing is a smoothed moving average..that is all. I apologize for any confusion.
How is that calculated that it deviates that much from normal simple moving average?
Why do you use it instead of simple moving average?
Edit:
I looked it up:
https://www.tradeforextrading.com/index.php/movingaverage/sma-ema-lwmaThe SMMA is not commonly used
So only the question remains why you prefer smma over sma?
1617.
Post 50431947 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
Thanks Toxic!
1618.
Post 50442387 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.39h):
It's perfectly possible. I mean... I didn't know that's not the case in USA, but in other countries that's exactly how it works. You are taxed annually for any assets value above a certain exempt limit (ie: around the first million total net worth in the case of Spain).
how in the hell?
is the government then on the hook if I have unrealized losses?
Nope. They just fuck you. Gotta love socialists!
1619.
Post 50448207 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Someone really just triple posted btrash shit talk (in multiple flavours) in this thread. Wow .... time for a moderator ...
1620.
Post 50455213 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Just dipped below $5,000 atm but it doesn’t matter does it. A few months ago we were threatened with sub $3,000. I’m really happy with how the market seems to be transitioning from bearish into bullish.
Anything over $4,000 is very positive right now imo.
Plenty of time for massive pumps but this is hood, let’s be grateful!
I'm satisfied with a weekly close above $4600
1621.
Post 50456386 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
My GF knows I wouldn't hesitate to do that if she suggested selling even *HER* Bitcoins. (*)
(*) After the last bubble "fiasco", I gave her permission to start trying to convince me above a certain (undisclosed) future price though.
Lucky girl hehe:D
let's wait for Mrs LFC and Mrs Mic perspective also.
@Pamoldar you can ask to Bhabhi ji also
My gf was moaning throughout most of 2018 telling me I’d thrown away the chance for us to be rich. She was upset & cried a lot to be honest
She said bitcoin is dead & I threw away X amount of money etc but I told her this is how it goes, a normal cycle.
Now she’s checking the price 10 times a day again, telling me to buy all the time.
Fucking women hey I can understand your GF when not knowing to much...
And now after probably learning a bit time by time, I understand her again with telling you to buy.
Understand? Perhaps, but she should stay out of his hair and trust him to do right. All she'll do is affect him negatively by adding (negative) emotion and stress (and those are not contributing factors to making optimal financial decisions).
Faith and support is what's needed. I hope she has learned (but somehow doubt it). GL LFC
1622.
Post 50460822 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Can people stop engaging Jbreher. If I want to read his bullshit I'll go to /r/btc. He's beyond salvation.
1623.
Post 50470396 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Does anyone else see bitcoinwisdom showing large price swings on high volume these week but then upon refreshing remove all trace of it without proof it ever happened with the price flattish?
Is it bugged?
Edit;
Now every refresh the last hourly volume bar drops to zero and starts recounting from zero. Very strange.
1624.
Post 50472020 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Does anyone else see bitcoinwisdom showing large price swings on high volume these week but then upon refreshing remove all trace of it without proof it ever happened with the price flattish?
Is it bugged?
Edit;
Now every refresh the last hourly volume bar drops to zero and starts recounting from zero. Very strange.
you using bitcoinwisdom.com or bitcoinwisdom.io ?
.com. io does not seem to have the same issue. Are they run by the same?
1625.
Post 50472325 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Does anyone else see bitcoinwisdom showing large price swings on high volume these week but then upon refreshing remove all trace of it without proof it ever happened with the price flattish?
Is it bugged?
Edit;
Now every refresh the last hourly volume bar drops to zero and starts recounting from zero. Very strange.
you using bitcoinwisdom.com or bitcoinwisdom.io ?
.com. io does not seem to have the same issue. Are they run by the same?
no
.com has been abandoned for 2 years or so, no updates no fixes
.io is a clone someone else started where they actually keep up with changes in the feed APIs and such
Ah thanks. Interesting an abandoned websites keeps running for so long. Of course I saw they never removed old exchanges such as btc-e.
1626.
Post 50474031 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
I think he’s very likely to be a paid shill.
You can consider it likely if you want. But I am not paid for my advocacy of Bitcoins in any flavor, be it SV, BCH, or BTC. Meantime, half of y'all are whoring out your reputations to shill some crap product in y'all's sigs. Imagine the irony.
I would never expect you to be a shill, I think they have you and most of the BCH community wrong. I just think you are all very ideological and wanting Bitcoin to be a digital cash and see no use of anything not directly on the blockchain. No second layer no whatnot,
I don't have any issue with second layer innovation, per se. What galls me is that Blockstream and the rest of Core deliberately crippled Layer 1 in order to accomplish their layer 2 'innovation'. Which, for all intents and purposes, still sucks two years down the line.
Oh for fucks sake it's not crippling it's simply preferring security, distribution and censorship resistance OVER EVERYTHING ELSE.
NO EXCEPTIONS!
So no I don't give a fuck if you have to pay high fees for your level 1 transaction. If you do, fuck of to one of the trash versions of Bitcoin and stay there.
The simple fact that you have not learned this simple fact after 3 years of this "discussion" means you are willfully ignorant and purposely trolling this topic.
See now you even tricked me into responding. This will be my one and only post on the topic.
1627.
Post 50474759 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Ok you're retarded. I'll add you to my ignore list you're the third to manage that ever. Good bye.
People please don't quote him.
1628.
Post 50488515 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
"Bitcoinity's down and clark moody is too"
1629.
Post 50490956 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Important WO Announcement: LTC is a Shitcoin
Important WO Announcement: LTC is a Shitcoin that can help you to get more Bitcoin.
So can cash.
1630.
Post 50503512 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Mt Gox giving out coins in the next few weeks? What gave you that idea?
1631.
Post 50505007 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
Mt Gox giving out coins in the next few weeks? What gave you that idea?
Last I heard they were released in May 2019 from the settlement.
https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/well, says May/June 2019 for the above. Maybe more than a few weeks I guess...but still...
Mt Gox giving out coins in the next few weeks? What gave you that idea?
yeah, Gox creditors aren't seeing shit till Q4...if then
from what I understand the folk doing the liguidating are the ones wanting this wrapped up so they can get paid and move on....so who knows...
but it has drag'd on now what 3 years?
August would be better IMHO, we will see
Old news from August. Now they won't even meet again until fall.
1632.
Post 50506378 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
They paid, but they decided the valuation. Let's just say it was closer to theft than paying a fair price for it.
1633.
Post 50511612 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.40h):
A bat from whatever...
2022 they said...2021 they said...
I say...it is the spring of 2013 all over again (by the looks of it).
Expect the unexpected (as far as where it might go).
we had to spikes
like this pretty close to one another in 2015.
Nope, we did not, check out the current vertical RSI jump on VB1001 chart...nothing like 2015.
Dammit, I spelled two wrong.
I didn't mean a exact copy, just that we had two mini bubbles just about this time in 2015.
In 2015 price did not breach MA20 weekly and MA200 daily so fast and after it got through weekly MA50 price took off. I expect price to not break through weekly MA50 on the first go, but even testing it is way faster than the 2015 schedule. Perhaps because the halving is closer this time?
1634.
Post 50543620 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.41h):
I have zero faith in cryopreservation.
I have zero faith in "uploading consciousness".
So, if you upload your consciousness... is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ? I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.
Deep thoughts...
Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.
I agree with you that without continuity it isn't you.
1635.
Post 50543914 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.41h):
I have zero faith in cryopreservation.
I have zero faith in "uploading consciousness".
So, if you upload your consciousness... is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ? I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.
Deep thoughts...
Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.
I agree with you that
without continuity it isn't you.
What about anesthesia?
Added SOMA to my bucket list.
Anesthesia is like sleep, I don't consider going to sleep the same as dying. What differs it mainly from a mind upload is that your brain processing is continuous and it's not possible for several "instances" of "you" to exist simultaneously and grow apart.
I mean if I copy your brain and place it in a new host body do you expect to wake up in the other body? What if the original body (with your original brain) is revived as well? There would be 2 separate individuals with no direct brain connection. From your perception you would be the original one.
I think the only way to preserve continuity is through the "ship of theseus" (see:
https://en.m.wikipedia.org/wiki/Ship_of_Theseus) by slowly swapping out parts. So I believe in rejuvenation and transhumanism.
Edit:
And really play or watch SOMA. It's awesome. (For one some people suicide after copying because they believe that will make them wake up as the second mind in a weird sort of cult believe system).
1636.
Post 50544101 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.41h):
Either, you are shit stirring me or you genuinely cannot see where the analogy leads you...
I leave you with this quote from Einstein,
"The definition of insanity is doing the same thing over and over again and expecting a different result"
(and yes, I know there is. no evidence that Einstein wrote or spoke the statement above)
The analogy doesn't make sense, regardless of how many times your insane mind chooses to repeat it. Data can be visualized with highways but it's by no means bound by the same rules as human traffic. If you fail to see this I can't help you.
I have zero faith in cryopreservation.
I have zero faith in "uploading consciousness".
So, if you upload your consciousness... is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ? I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.
Deep thoughts...
Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.
I agree with you that
without continuity it isn't you.
What about anesthesia?
Added SOMA to my bucket list.
Anesthesia is like sleep, I don't consider going to sleep the same as dying. What differs it mainly from a mind upload is that your brain processing is continuous and it's not possible for several "instances" of "you" to exist simultaneously and grow apart.
I mean if I copy your brain and place it in a new host body do you expect to wake up in the other body? What if the original body (with your original brain) is revived as well? You would be 2 separate individuals with no direct brain connection.
I think the only way to preserve continuity is through the "ship of theseus" (see:
https://en.m.wikipedia.org/wiki/Ship_of_Theseus) by slowly swapping out parts. So I believe in rejuvenation and transhumanism.
Edit:
And really play or watch SOMA. It's awesome.
That's what you say, but how do you really know that the you that wakes up after being tranquilized is the same as the you that went to the doctor? I generally have a hard time finding a distinction between environment and body/mind. On a fundamental level they all seem the same.
For all practical intents and purposes however:
Slowly swapping out parts doesn't cut it for me, since I can't know if there isn't one "tiny spec of me" in the brain that once replaced kills me off without making any trace to external observers. The only way I'd be convinced would be if I could freely swap between digital and physical body, while also having the option to simultaneously perceive both.
What do you mean play or watch by the way? Is there a movie? Which would you recommend?
I don't know for sure whether it's the same me that wakes up as the one that went to sleep. I consider it so, as the mind is continuous (not the conscious mind) and there are no obvious paradoxes possible (such as two versions of me existing at the same time) but I cannot be sure. For practical reasons there is no alternative (not sleeping means death).
SOMA is a video game that you should play. However, if you have limited time or don't like playing you can watch a playthrough and still experience the awesome story and world.
1637.
Post 50551051 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.41h):
Damn can't catch up today. Watched the MU/BAR game and gotta say that MU team looked like shit. But that is only the second game I've ever watched. I was pretty bored most of the time. I haven't figured out quit a few things like why the clock runs up! I didn't have a clue when the time would be up for the end of the game. HA When they started a second clock I figured that had something to do with the end and it didn't look like MU even tried to tie. 1-0 was really a let down. But the Barcelona team looked like they knew what they were doing.
You should have watched the other match. Poor choice on your part
1638.
Post 50551110 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.41h):
Damn can't catch up today. Watched the MU/BAR game and gotta say that MU team looked like shit. But that is only the second game I've ever watched. I was pretty bored most of the time. I haven't figured out quit a few things like why the clock runs up! I didn't have a clue when the time would be up for the end of the game. HA When they started a second clock I figured that had something to do with the end and it didn't look like MU even tried to tie. 1-0 was really a let down. But the Barcelona team looked like they knew what they were doing.
You should have watched the other match. Poor choice on your part
Shit, figures.
I stopped by this chicks house and was just flicking channels and saw it so watched it, had no clue there was another one on.
Ajax - Juventus
1639.
Post 50597185 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.41h):
Well, he still remembers he's not right?
1640.
Post 50620650 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.42h):
@JSRAW
The view is better than the picture does it justice. There are better seats in the stadium but there are a lot worse. I pay approx £50 per game.
On topic - Regarding Elwar, I feel sorry for him if they restrict where he can live etc but it’s a bit weird any way imo. Why would you want to live there regardless of any tax breaks/avoidance etc.
He’s rich AF. I’m sure he could buy a beautiful house on land & create bogus companies to enable some kind of tax avoidance. Good luck to him but I dunno, was kinda dumb to begin with.
What the fuck is dumb about wanting to be free from scum-sucking Oligarchs?
Sadly, the thought that it's achievable in this day and age
1641.
Post 50636755 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.42h):
Have been occupied.... just saw JUVE .... WoW
You mean you just saw AJAX!
1642.
Post 50661212 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.42h):
It must be a typo. He meant
months weeks obviously.
1643.
Post 50770868 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.43h):
Meh, a bunch of corporations farting out permissioned blockchains does not a mass adoption movement make.
They just don't get it to they? They'll all jump on it like their own version won't be shit but it just is.
The fuck would you need a Crypto for with Nike?
They just think they can sell moonboots to moonboys (at markup). Nothing more.
1644.
Post 50908533 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.44h):
Wow, that is some really impressive strong hands. Did he buy them all at once or has he been adding to that address all these years?
If he bought them all at the same time in 2011 he might be dead or have lost access to those coins. Seems weird you wouldn’t sell a massive amount at even $500.
I’m going to go & look into that address at more detail
Edit - he’s been buying tiny, tiny amounts regularly over the years but the absolute bulk of it was in that one big buy in 2011.
Buying? Lol! He's been spammed over the years as happens with all large addresses.
I think chances are large the private key is lost forever.
1645.
Post 50949799 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.45h):
CZ...you said safu?
apparently the hot wallet at Binance lost 7k corn...ouch.
Glad that they don't want a BTC rollback...
That would be ******.
A consensuses for such a rollback would be madness. Every stupid fuck could demand a rollback for a lost wallet if they would allow it in this case.
Indeed, I doubt that they would have been able to if they tried. This further illustrates the necessity of further distribution of the hash power and why centralisation is a bad thing when it comes to BTC.
I would be happier if we had further diversification in the hash power.
Of course they couldn't and I don't like the scammer implying he could (he knows he cant, he's not retarded). If they could have, Bitcoin's dead (like Ethereum).
1646.
Post 51087457 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.46h):
You can't throw a few dollars into bitcoin and become a millionaire like before. the lottery gives desperate poor people a hope of becoming wealthy. But the government lotteries are probably rigged anyways.
The lotteries in the US usually have a 50% edge. Perhaps not "rigged," but the expected payout is 9x worse than American Roulette.
50% is a 'tiny' edge compared to some other countries. In the Netherlands by law every lottery must donate 50% of their income to charity. Of course on top of that they have running cost and run a profit. So the edge of lotteries must be 75% at least, likely significantly higher.
1647.
Post 51092276 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.46h):
what's behind this insane dump?
Mr Mt Gox curator thinking its about time he did another sale?
1648.
Post 51229788 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.48h):
If your company is cash rich and the market is undervaluing it, it’s a perfectly legitimate approach.
I have seen companies with more cash at bank than their market cap in a financial crisis. So fuck em, buy back as many shares as possible. Everyone benefits.
Hairy, so much wrong with you conclusions I don't even know where to start.
If a company is that cash rich, they should use that cash for reinvesting CapEx, trying to grow the company into new markets, and most importantly
giving their fkn employees goddamn raises and bonuses for their hard work!
So no, not everyone benefits but the executives who base the majority of their compensation on stock share sales.
Also the market isn't undervaluing these companies. Their excessive, unrelenting stock buybacks obfuscate and undermine a free market and trying to find true market value.
I have just been called out for being excessively capitalist. Enjoying this.
By someone who's clearly mentally handicapped ...
Can people please learn elementary math before joining this thread thank you.
1649.
Post 51380888 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_16.50h):
Bitcoin is the least risky investment in a high risk investment category. Its health does not depend on altcoins, but rather the health of altcoins depend on it.
This is not true and is a widely held myth amongst so called "maximalists" who tend to view the market through the arbitrary lens of a single asset - commonly known as the "monopolist" view.
Diversity in the asset class has pulled in demand out of proportion to the growth in supply or the effect of internal competition. That's not uncommon in economies.
I once lived in a street which had 1 coffee shop. The price of a cup of coffee was about the average for a residential area. Later another one appeared, then a restaurant. Over the years (about 2 decades) the number of coffee shops/bars increased to around 20-30. The price of a cup of coffee is now about 50% above that in other areas. A glass of wine is about 2-3 times the price.
The influence of "competition" worked in reverse because the aggregate impact it had on "selling the street" as an attractive area to visit far outweighed the adverse effect of internal competition amongst commercial outlets trading at that site.
That's what's happening with the crypto-asset market and is also why bitcoin depends on altcoins as much as they depend on it. Without technologically superior hedges, supporting trading pairs, diversified access to the crypto-asset markets, financial specialisation and derivative platforms, bitcoin itself would never have seen the growth it has.
In your example the street became higher value to condumers because of the more larger and more diverse offerings. That in turn allowed prices to be raised.
In crypto the vast majority of the altcoins are utter scams and most of the people they attrackt are scumbags. When people talk negatively about crypto its generally to do with some altcoin. They are crapping up the neighbourhood.
The absolute opposite of the example of the coffe shop and your street.
1650.
Post 52386365 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.01h):
LoL
imo people as r0ach and rebal and sh*t would say such thing
nutildah: Jack Ma may be clever, but he doesn't realize that human beings didn't invent human beings either.
Jack Ma's likely playing a political angle here, downplaying AI.
1651.
Post 52496721 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.02h):
Not many people made money by sitting on their BTC and keeping it warm to the exclusion of anything else and they're gonna make even less from now on.
**Must try harder**
I’m sitting on over 10 x unrealised profits on my total investment & I’m an absolute minnow in comparison to many investors.
HODLING = Guaranteed money making.
Don't take him too serious. He just called the top 30 altcoins NOT scams (most are) and thinks Bitcoin dominance will go down to 20% longterm (80% most likely in classical Parreto style). Just laugh at his post and be done with it: he's lying, stupid or both.
1652.
Post 52543086 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.02h):
Current news about Googles Quantum Computer may be weighing on Crypto.
By 2021 , it is theorized that 256 bit encryption could be cracked by quantum computing.
##https://interestingengineering.com/google-says-that-they-have-just-reached-quantum-supremacy
Although Quantum Computing has a tangential application set to classical computing, the current breakthrough by Google indicates things could change ... uncertain.
This is worth keeping an eye on, because it could become an existential threat to encryption.
I have read some discussion about this previously, and I believe that SHA256 hashing is not affected (by quantum calculations) in the same way as 256 bit encryption.
...might just cause a dip in prices for now.
Just don't reuse your address and you'll be fine. Or reuse it and you'll still be fine for next few yrs.
The problem is more the old coins stuck in old adress types (P2PK addresses, so unhashed) that haven't moved (e.g. Satoshi's coins).
1653.
Post 52544079 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.02h):
I never cease to be impressed how leaders of the free world are scared of a 16 year old girl
Scared? More like annoyed by the ugly little noise maker :p
1654.
Post 52544098 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.02h):
The problem is more the old coins stuck in old adress types (P2PK addresses, so unhashed) that haven't moved (e.g. Satoshi's coins).
I'm not too worried about Quantum Computing. It's pretty simple to build a QC to give you an answer to the problem, but thanks to noise you have no way of knowing if it is a right answer.
Kind of like using a PC with bad memory chips.
Worried is a big word but this will be done one day and cause major turbulance in markets.
1655.
Post 52544119 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.02h):
Unused addresses don't have the public keys available. Used or reused addresses have published public keys. Those are the ones more likely to be cracked by quantum computing first.
Multi-sig addresses, even if reused won't be a problem.
P2PK (the oldest of adresses) are vulnerable. P2PKH and P2SH not unless re-eused.
1656.
Post 52544145 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.02h):
I never cease to be impressed how leaders of the free world are scared of a 16 year old girl
Scared? More like annoyed by the ugly little noise maker :p
Yes Boris Johnson is both ugly and short
Isn't Boris the guy that made UK politicians fuck off for 5 weeks? My kind of guy
1657.
Post 52602662 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.03h):
Starting to short after a 44% drop is about as smart as everything else you have said.
I am a simple man.
I see a Trend, i Trade it.
Ps: If you were Greta Thunberg, would you hate Bitcoin ?
Isn't she that smurf that hates everything?
1658.
Post 52827735 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.05h):
I don't know why, but I now feel the urge to post another one:
Source:
Bitcoin’s natural long-term power-law corridor of growthThis is an uberbullish log-log graph (log axis on values, log axis on time):
It predicts that the price will not reach $100 000 before 2021, but it also predicts that the price will not be lower than $100 000 by 2028. It predicts that the price will not reach $1 000 000 before 2028, but also that the price will not be lower than that after 2037. The model predicts ever increasing prices, although at a slower and slower rate.
Hope you like, Mic
Looking at the graph the maximum price before 2021 is well under 100k (90k).
Other than that: cool graph. Seems to be a bit more on the conservative side when compared to the past.
1659.
Post 52843564 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.05h):
1660.
Post 52845798 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.05h):
Brexit can happen on 31 october and btc rise will come on that day. it is day of bitcoin witepaper and big history for human kind.
possible to see 10k on halloween day
Brexit won’t happen on 31st October. The opposition party Labour have fucked that up for everybody by voting against the proposed timescale.
I doubt we will see $10,000 in under 10 days time.
Depends, if the EU parliament doesn't accept the proposed deal the UK crashes out on the 31
The EU parliament already accepted the proposed deal, just as the Brit parliament did today. Now they just play over another delay. Which Barnier and Stuka Juncker and Verafstoot said they would not allow. (According to Boris the wolf). What will happen is : nothing. Brexit will only happen when the whole Brussels am Berlin shithouse goes down in flames. Caused by troubles in their PIGS low wage tourist resorts. Meanwhile, we wil continue to be trampled around in Brexshit.
Well, if they won't allow a delay, then 31 it is.
But they will. Ever since the referendum the EU have left no stone unturned to make this is hard as possible for the UK (like putting it in people's head that Brexit equals racism). Trying to deter others from leaving like good little maffia bosses.
This is just another step in their game.
1661.
Post 52868730 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.05h):
Did anyone actually go to the linked Forbes article. This little gem is in there:
The reward is currently 12.5 bitcoin but soon enough the reward will be only 6.175 BTC.
It's called a halving people. This is too difficult?
1662.
Post 52873419 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.05h):
Someday some poor bloke's gonna marry & live with her.
You lost me there. Come on dude, no-one believes that
1663.
Post 53115623 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.07h):
Not that
BTC needs any reason to dip but this is as good as any.
Mimblewimble’s privacy is fundamentally flawed. Using only $60/week of AWS spend, I was able to uncover the exact addresses of senders and recipients for 96% Grin transactions in real time.
The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it. This means Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when it comes to privacy.
https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52TL no link clicky, Mimblewimble is supposedly dead
Well first of all I own NO Grin or other MW coin. The only alt i DO own in any sigificance is Monero, so there's the disclaimer...
But how many times have we heard about a cryptocurrency being toast? I tend to take these things with a grain of salt. On the other hand MW is a very experimental tech, and we should not be suprised when this sort of thing fails.
But why would this relative unknown coin be a reason for BTC to dip?
(one more thing... I am always amazed anyone would give any creedence to Zcash at all... the founders reward is reason #1 to shun it, and opt in privacy is not really privacy).
The fact that the founders have no way to prove they destroyed the initialization keys and therefore could have printed/be printing/will print infinite ZCash without anyone being the wiser is the #1 reason it has no value.
Founders reward is #2
1664.
Post 53138929 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.07h):
At moments like this, I look at this thread to tell me it's going to be alright, but you guys aren't really helping
Will be fine
1665.
Post 53318841 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.09h):
Unexpectedly, despite a ROI 4 times higher than S&P500 since the beginning of the year, the Sharpe ratio of
BTC is only a little bit lower than the S&P500 one.
It means
BTC isn't disproportionately risky for such a ROI.
The Sharpe ratio was developed by Nobel laureate William F. Sharpe and is used to help investors understand the return of an investment compared to its risk. The ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.
Subtracting the risk-free rate from the mean return allows an investor to better isolate the profits associated with risk-taking activities. Generally, the greater the value of the Sharpe ratio, the more attractive the risk-adjusted return.
https://www.investopedia.com/terms/s/sharperatio.asp Only if you accept volatility as a proxy for risk. I take issue with that assumption.
1666.
Post 53319578 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.09h):
Only if you accept volatility as a proxy for risk. I take issue with that assumption.
How do you evaluate the risk then?
Qualitatively.
Or the difference between the implied annualized rate of return and the risk free rate, if you want the market's opinion.
1667.
Post 53396097 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.10h):
They also like clothes or new shoes perhaps. Is she a boots kind of woman? Nice, fluffy winter boots.
Now I have a question for you:
In Belgium, do you guys have Belgian Waffles, or do you just call them "waffles"?
We have Brusselse wafels, Luikse wafels and in Holland they have stroopwafels
Actually more interesting.... why call it French fries when it’s a Belgian thing???
Americans confuse European things often. e.g. Brussel sprouts originate in the Mediterranean not Brussels. Americans thinking that Deutsch (German) is the same as Dutch because the words are similar (in fact the origin of the word Dutch comes from some confused people calling it Deutsch). Etcetera.
1668.
Post 53497635 (copy this link) (by wachtwoord) (scraped on 2020-04-04_Sat_17.11h):
He, for some reason *cough*, DOES seem to understand what Bitcoin is.
Haha, I wonder why
