All posts made by Sitarow in Bitcointalk.org's Wall Observer thread
1.
Post 1859286 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.53h):
Notice the pattern in price every 24hrs.. Is a drop of almost $10
***** April 16th 2013*****
***** April 15th 2013*****
***** April 14th 2013*****
2.
Post 1870588 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.53h):
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Post 1929489 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
4.
Post 1929515 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
~BTC4k dump
it will go up again... and if this guy sees price goes up.. he might wanne buy in again or at least some part of it..
160+ seems possible..
then again.. this is bitcoin!
got a stop order way below just in case
but i have faith in our us friends for now.
And this... How do you place stop loss order at Gox? It's crazy you cannot do it, anybody investing serious money needs that kind of tools.
cavirtex has that.
5.
Post 1929529 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
~BTC4k dump
it will go up again... and if this guy sees price goes up.. he might wanne buy in again or at least some part of it..
160+ seems possible..
then again.. this is bitcoin!
got a stop order way below just in case
but i have faith in our us friends for now.
And this... How do you place stop loss order at Gox? It's crazy you cannot do it, anybody investing serious money needs that kind of tools.
cavirtex has that.
Yeah, but came on... Who is Cavirtex? Would you wire them a couple millions?
Who knows what the future holds.
Most you can do atm from what I know is have a 400k CAD max balance.
6.
Post 1929630 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
^
SO that is what bears do once they cash out!
Can help but keep up with the addiction I suppose
7.
Post 1929841 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
8.
Post 1945427 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
please dump more coins... i didn't get my fair share...
that sucker with that buy did us adam, doesn't look like we'll have a chance to buy at those prices anymore today.
I know
I saw profit on the board early, and i didn't take it
talk me about it, I was late some 10 seconds, just can't organize my timing when gox lags. Sold hour earlier at 149, had all ready for great stuff and missed it. Same when it failed to 50, bought only half available then.
5k btc in one dump
I guess its someone moving sums of cash around the globe. One could only hope
Wonder what they are trying at lol..
Nice try.
9.
Post 1945467 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
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Post 1945585 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
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Post 1945710 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
12.
Post 1945913 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
All I have to say is that I picked the wrong day to leave my Yubikey at home . . .
why not use google authenticator to login to mtgox with your android phone
13.
Post 1947302 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
Someone's droping coins like crazy, and this is not a sell-off from multiple people, this is a whale dropping coins systematically, he/she waits until it recovers a little, then drops, and so on...
its not form 1 guy, its 10,000 BOTS!
Next week harder to make btc and plan to have batch 1 , 2 and 3 Avalons to make 1 btc a day by July/Aug 2013.
14.
Post 1947415 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.54h):
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Post 2034890 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.56h):
16.
Post 2156800 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.58h):
"It’s the first federal action against the currency."
They are entitled to their opinion of the situation even if its author is speculating as to the circumstances behind this recent series of events.
And for those familiar with the past Dwolla incidences with exchanges "tradehill" knows never to do business with Dwolla in general.
People who are being so super bullish despite the US Government telegraphing their intention to do something about Bitcoin should strongly consider protecting their stack. If shit really goes down, it will be a real $110 to $70 drop and you may never see the buying pressure return. Shit gets real at this point in BTC's evolution.
Its been real since the beginning.
Edit P.S. I think this disruption in MtGox Dwolla service effected BTC-E greater then any other exchange. Did you happen to see the price of LTC/USD on the BTC-E exchange?
17.
Post 2157101 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.58h):
It's feeling kinda... Bullish.... In here.
Good. It's been a while.
Just ...the...beginning.
That is how you use it!
18.
Post 2157439 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.58h):
And the hits just keep on coming.
In the warrant, a special agent with Homeland Security Investigations (HSI), states that there's probable cause to believe Mt. Gox is engaging in "money transmitting" without a license, a crime punishable by a fine or up to five years in prison. The warrant goes on to demand that Dwolla hand over the keys to account number 812-649-1010, which is owned by Mt. Gox subsidiary Mutum Sigillum LLC.
And this is the real killer:
Homeland Security used a confidential informant, based in Maryland, to conduct the investigation. The informant simply created accounts with Dwolla and Mt. Gox, bought bitcoins, and then changed them back into dollars. Tracing that money, HSI was able to see that the money passed through a Wells Fargo account, number 7657841313, which was created by a single authorized singer: Mark Karpeles, the president and CEO of Mt. Gox. The account shows transfers to Dwolla going back to at least December 2011, according to the warrant.
See ya at the bottom!
http://arstechnica.com/tech-policy/2013/05/feds-reveal-the-search-warrant-that-seized-mt-gox-account/ Money transmitting businesses are required by 31 USC section 5330 to register as such with FinCEN.
MtGox US LLC may have dropped the ball with their Dwolla account linked to their US company acting as a US to BTC gateway and not being registered with FinCEN.
However other exchanges have already done this.
Cavirtex for one and has an IPO that had sold out in 12 hours.
http://www.youtube.com/watch?v=FvELpQ83ApA&feature=youtu.beSO your claims are nothing but speculation only to serve your self admitted agenda of having btc price drop for what ever reason only you know.
19.
Post 2216449 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_10.59h):
there was just a single sell of 650BTC that obliterated the wall at 122
Why would anybody sell such an amount now? It doesn't make sense to me.
This reminds me of the time when the price jumped between $4.8 and $6.4 for some time after we hit the $2 low.
20.
Post 2279017 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.00h):
Rather Calm Trading. US long weekend taken many out of the day trade game?
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Post 2280289 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.00h):
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Post 2284621 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.00h):
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Post 2290807 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.00h):
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Post 2291825 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.00h):
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Post 2295582 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.00h):
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Post 2347052 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.01h):
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Post 2347161 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.01h):
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Post 2347591 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.01h):
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Post 2349464 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.01h):
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Post 2351447 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.01h):
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Post 2351662 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.01h):
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Post 2418231 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.03h):
33.
Post 2426763 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.03h):
Lol, 15k wall at 95
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Post 2426841 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.03h):
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Post 2540789 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.06h):
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Post 2599940 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.07h):
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Post 2599992 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.07h):
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Post 2608777 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.07h):
39.
Post 2625780 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.07h):
Notice the 1 day MtGox Volume
40.
Post 2644032 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.08h):
Meanwhile, bitstamp doesn't give a shit anymore what MtGox does.
A possibility :
ALL the speculators on Bitstamp are already out.
Only remain the long term holders and investors who don't care about other exchange prices.
Could be. Also all MtGox users who wanted out because of the USD withdrawal lock have already sold on the other exchanges which explained the big difference lately. If USD withdrawals aren't unlocked this week we will probably see another mass exodus and Bitstamp and BTC-e diving down again creating a new gap.
I tend to lean on more simple issues concerning the Bitcoin economy of the day.
The one fact that we can count on is that miners who have been waiting for months are now getting their orders shipped and in their hands.
They have costs to recoup and will not risk speculating on present market conditions in order to see returns on their hardware investment.
Another fact is the alt coin adoption of past and future GPU miners are of the mine and dump variety who wish to "pay off" their gaming rigs asap.
This is funded by Bitcoin and its present market share may be effected by the increase of this practice.
I feel that those two factor have aggravate this trend and is reducing speculators confidence in Bitcoin's short/long term returns to their investment.
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Post 2646549 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.08h):
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Post 2663376 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.08h):
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Post 2663702 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.08h):
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Post 2681891 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.09h):
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Post 2682092 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.09h):
47.
Post 2929283 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.13h):
Maybe a third sub-sub-wave will hit 110, but I doubt it will eat the wall.
Anyway, it's 3.30 am and I have to go to sleep, so I'll miss the action (if any).
And now it starts
48.
Post 3019734 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.14h):
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Post 3043443 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.14h):
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Post 3050086 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.14h):
51.
Post 3051183 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.14h):
7 DAY Volume Bitstamp, Cavirtex, MTGox, BTC-ETo view in larger window right click on image and select open in new tab. (Chrome)
52.
Post 3051405 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.14h):
Sitarow,
that is info-overload and hurts my eyes. Terrible charting, just terrible
oh you get used to it
It's all in the details. And that is just 1 screen.
53.
Post 3084511 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.15h):
54.
Post 3084530 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.15h):
From what I can see ask walls are going up and down between 125 and 130 faster then humanly possible.
It seems their is an algorithm or two trying to liquidate some substantial btc at this time.
55.
Post 3157313 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.16h):
my bitcoinity is showing 135ish on gox, and seems up-to-date.
56.
Post 3166553 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.16h):
Gox approaching 5,000 24hr volume. lulz, btc = dead.
According to this 15k BTC Volume in 24 hours had occurred over just these 4 Exchanges. This is good as we are moving towards a decentralized exchange rather than the risky centralized trading platform.
57.
Post 3333998 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.17h):
58.
Post 3334028 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.17h):
So what happens when all the coins finally leave Gox?
They're going to China.
Seriously. This is a good day for any bitcoiners that suddenly want to line their pockets with yuan.
I laughed really hard at that. Not sure why.
Is it funny, or am I just tired?
Well China does have gold. Along with India to back their currency.
Guess the best solution is to bring gold back down to sub $500 USD
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Post 3368673 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.17h):
60.
Post 3368688 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.17h):
Maybe this has something to do with the change in market sentiment towards BTC true value.
One can speculate that this effort to slow down capital movement out of the US as a measure taken by the fed in order for their future plans come feb 2014.
UHCU start this on October 19
HSBC make the change on October 20
https://www.uhcu.org/Site-Alerts/Member-NotificationEffective October 19, 2013, United Heritage Credit Union will no longer provide wire transfer services (remittances) to locations outside the United States.
HSBC
http://www.economicpolicyjournal.com/2013/10/shock-hsbc-usa-joins-chase-in-limiting.html?utm_source=twitterfeed&utm_medium=twitterCredit Union
Outgoing International Wires Discontinued October 1, 2013
Beginning October 1, 2013, VyStar Credit Union will no longer accept and process outgoing international wire transfers.
http://www.vystarcu.org/home/news/current/intwires1st national bank texas
Foreign Wire Transfers: Due to recent regulatory changes, effective 10/1/13, FNBT/FCB will no longer offer foreign wire transfer services through Internet Banking or in banking centers.
https://online.1stnb.com/LoginAdv.aspx
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Post 3369463 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.17h):
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Post 3376141 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3376264 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Wedge formation on Mt. Gox. That supposedly means that a move out of the wedge is a significant indicator for future price movements.
Good observation however sentiment can change rather quickly.
BTW anyone seen this service? Recharge your cell phone time with BTC?
http://btctele.com/
68.
Post 3376339 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Wedge formation on Mt. Gox. That supposedly means that a move out of the wedge is a significant indicator for future price movements.
Good observation however sentiment can change rather quickly.
BTW anyone seen this service? Recharge your cell phone time with BTC?
http://btctele.com/Nope. But in thailand bahtcoin.com has done it for two years.
Thank you for that.
They have a range of useful services.
69.
Post 3377395 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3380133 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3384056 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3384685 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Volume is picking up.
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Post 3385561 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3395808 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3395905 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Not sure if everyone seen this however I will post it again for those just tuning in.
76.
Post 3396838 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Pulled my sell order at 265... Convinced we are in for a shock in the next couple of hours.
Put up 50BTC ask at $410... Hope that shorting will not burn me as bad as buying Butterfly Labs Hardware back when it was $6 a BTC
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Post 3397800 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3398690 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3399164 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3399230 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Now back on
earth the moon
U must not disturb da "2 da moon" feelin!
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Post 3399915 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
82.
Post 3399942 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Another dip below $200 incoming, or no?
It seems like flashcrashes just cant work without good 'ol goxlag.
5 mins later
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Post 3400004 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3400058 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3400079 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
looks like the coastal line of Norway around Bergen.
Indeed this move was a simple profit taking opportunity.
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Post 3400134 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3402834 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3403097 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
Its possible that we're cooling for a bit and maybe even go lower a bit before a new rally starts. It takes a little time to get the drive back.
I remember when we had something similar to this and held between $9 to $13 for a few weeks after the run up from $4 to $6.
However once it starting moving from $13 it was constant and upward past the previous all time high of $31
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Post 3405930 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.18h):
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Post 3411798 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.19h):
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Post 3412704 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.19h):
Trading volume is low.
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Post 3417567 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.19h):
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Post 3421359 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.19h):
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Post 3437736 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.19h):
7 Day Trading VolumeMtGox,112,250
BTC Sold
102,759
BTC Bought
215,010
BTC Total Volume
<- 4%
Bitstamp, 52,755
BTC Sold
58,750
BTC Bought
111,506BTC Total Volume
5% ->
BTC-China,86,913
BTC Sold
84,709
BTC Bought
171,623BTC Total Volume
<- 1%
BTC-e,43,509
BTC Sold
44,318
BTC Bought
87,827BTC Total Volume
1% ->
VirtEx,2,348
BTC Sold
3,302
BTC Bought
5,651BTC Total Volume
17% ->
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Post 3445188 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.19h):
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Post 3479283 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
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Post 3493019 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Network Difficulty November 5th 2013Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Do you remember the good old days?Network Difficulty in June 5th 2013Jun 05 2013 15,605,633 28.41% 111,709 GH/s
Edit: Costs more to keep bitcoin a moving
101.
Post 3493375 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
17
Lol
As long as we don't hear "266!"
9000!
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Post 3493421 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
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Post 3493499 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Full recovery after stamp came back online. Proof that stamp is driving the rally.
Other large volume exchanges around the world did not move down much either.
104.
Post 3493827 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
A moment of silence please for our friends in the bear zone.
More like this.
105.
Post 3493859 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
I'm not a bear, you can check me out, but as soon as we hit ATH, beware of the sell off!
Just saying!
There's nothing wrong with profit taking.
Realized gains is just that.
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Post 3493918 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
107.
Post 3493955 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.
You're making pretty obvious observations. So you're telling us all that there's likely to be selling pressure at an ATH?
Let me write that one down before I forget...
If it's that obvious, then I'm sure you don't need to write them down.
You'd be surprised of the amount of people that thinks we'll reach 400 in a week...
If it does... The Next question is... Will it go higher?
Oh so much fun!
108.
Post 3493963 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.
*goxxed user not affected atm*
waiting now for more than 7 hours for a delayed coin withdrawal from gox
by the way wtf...that must be the ugliest bear on earth...
A moment of silence please for our friends in the bear zone.
More like this.
that pride & elegance
It had been shaved.
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Post 3494216 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
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Post 3494621 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
111.
Post 3494935 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
The suspense is killing me. The way we shout through 250 earlier, the ATH could happen any minute.
Or not.
All night long.
Lets take a moment and reflect on the recent past.
However this time.... (your idea here)
112.
Post 3495068 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
I wonder if anyone here is as restless as this guy.
Sell sell sell sell mantra.
113.
Post 3495099 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Just got back from Walgreens with a night's supply of Jergens®. Did I get back in time? If so, somebody lather me up, please. NOT THERE! My hands. For only I know how I like it.
267, I could almost taste it. NOT THAT! Though it's been described to me as being slightly salted, slightly sweet, like Land O'Lakes butter, and just as creamy.
~TMIBITW
What were you doing when we broke the $31 all time high?
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Post 3495382 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Waiting for the market to break the old ATH.
Reminds me of this.
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Post 3495632 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
All aboard the Bitcoin rocket to mars.
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Post 3496069 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
10k to 300 and then the exchange is pretty bare. Eager buyers may send this stratospheric
With the increase network difficulty today. The amount of BTC being generated will put further strain on BTC supply.
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Post 3496138 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Nice to see a coordinated attempt short btc on all exchanges at the same time.
Seems like the free market has different plans.
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Post 3496248 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
10k to 300 and then the exchange is pretty bare. Eager buyers may send this stratospheric
With the increase network difficulty today. The amount of BTC being generated will put further strain on BTC supply.
really? 700 some posts and you really think this?
One thing to remember, since Bitcoin is a deflationary currency, and 4TH at Edit:
present difficulty will net you an average of 3.8BTC every 24 hours on a PPS pool.
We know that the true value of BTC is in the hands of the people. Some tend to hoard it.
In time less and less BTC will be in circulation making the perceived value increase.
Day traders may be the exception, and some who have been sitting with a pile of BTC may wish to take profits and liquidate some on the exchanges.
Bitcoin may be seen as undervalued from the perspective of those who are of the opinion that directly purchasing BTC as a means of investment is a far safer alternative then wrestling with the unknown future difficulty increases and BTC return on ASIC hardware purchases.
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Post 3496313 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
10k wall @ 273 appeared
I imagine phone calls being made to see who wants to purchase a large chunk of coins
The question is, how long will that stall the asking price of BTC in China.
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Post 3498093 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
$300 by the end of the week !
Yes that may be optimistic. Yet what is realistic is the increasing demand for new adopters/investors to own bitcoin.
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Post 3498663 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
I've seen 2 transactions >8k btc each about half an hour ago. Where will they go?
Perhaps the urge to indulge was to much to resist.
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Post 3499941 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Whale Walls back in the low 260s again.
EDIT: And gone once more. What is this game you play, Mr. Whale?
On Tradingview it looks like the Whale could be attempting to create a new triangle. I've noticed this many times before over the years. Larger players seemingly attempting to create triangles. We will see if it turns into one.
Attempting this on Mtgox with in the past may have worked. I do not expect such a tactic to work with today's trading options.
Edit: In order to effect trading momentum and confidence they would need to have control of the majority of volume over several exchanges.
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Post 3499976 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
What is this game you play, Mr. Whale?
Drawing pictures on blockchained.
BTC Charts admin posted this.
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Post 3500039 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
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Post 3500153 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.20h):
Get ready for the next wave, some links to good press starting to hit
reddit.
( Disclaimer: Only invest what you can afford to lose ( or hide from the wife ) ).
I like post title.
In June of 2010, one Bitcoin was worth $0.004 : Now one dollar is worth 0.004 Bitcoin
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Post 3509150 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
I really wonder when this madness is going to stop, at this rate it's a matter of hours to 400 USD/BTC.
I'm all for insane rallies, but this environment gives you very little trading fun, buy and hold is the only winner here.
The Nature of this digital defationary currency.
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Post 3509576 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
VertEx past its previous all time high from back in April 2013
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Post 3509770 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
These Chinese don't like bears much, they all go quiet while one squats down and just as he's turtling they all go Jacki Chan on him
You can expect to find Bitcoin as a future topic in History class.
Economics 101: Not Your Father's Monetary Policy
Class of 2017?
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Post 3510012 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
It's extremely possible there could be no big crash this time around. All the people selling now expecting a 3rd crash so they can buy back in will be fucked. Most of the last crashes involved some bad news of sorts. Things tend to happen twice in bitcoin, but not a third time. Don't be surprised if all we get are mini crashes on the way up. It's a good way to take coins from the weak hands who don't know what they have.
What bad news happened before 9 April 2013 ?
a fair question. well gox getting dosd made a lot of people panic, and if enough people panic a crash becomes unstoppable.
As far as the bitcoin potential network 51% attack or Bitcoin's global acceptance as currency. Both issue's were plaguing Bitcoin's future uncertainty.
Add the anxiety that the primary trade venue was MTGox and that it was "tested" hit with a DDOS back in April 10th 2013.
However if you jump to Bitcoin Today.Since then the network jumped from 111,000 GH/s back in June 5th 2013 to over 3,657,378 GH/s November 5th 2013.
Add in that US banking institutions have taken steps to no longer support international wire transfers out of US.
Government institutions around the world recognizing that bitcoin is a measure of value (currency)
ATM's and even Debit Cards are being offered in Canada.
Germany has a great taxation policy to bolster adoption.
A future potential ETF in USA, enabling your grandparents to easily invest in bitcoin will only accelerate user adoption.
Finally less not forget that China has been positioning themselves as offering a new world currency for trade.
They are already trading outside of the Fed's Reach with Russia, Australia, Brazil, just to name a few.
Here is a good read,
http://www.zerohedge.com/news/2013-10-18/9-signs-china-making-move-against-us-dollar
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Post 3510383 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
Virtex just got over its ATH, now 292$, it had a correction with good volume, and is now ready to break away.
During the last bubble Virtex was consistently $10 ahead of Gox (and that was when we had parity). Any idea why it's falling behind this time? I would have expected the opposite with all the ATM news.
Maybe because people are using BTC to buy stuff with Virtex debit cards?
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Post 3521104 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
Hi guys. I've been trying to avoid the spec forum, but I decided to break down and jump back in to say "hi". I'm pretty optimistic about bitcoin, but this move is surprising.
THE Bear is BACK! I don't know what to do anymore... ABANDON SHIP!
Historically, my ridiculous bearishness has cost me. Just ask adam.
Your not alone.
BFL
162.
Post 3521141 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
I was kidding, it was a nod to proudhon.
I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.
Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.
We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.
I'm of the opinion that the time elapsed between each bubble will be shorter and shorter, each will be more 'violent' and price will go up/down more drastically until we reach the 'climax' or real price discovery. Then after that more bubbles will come, but the price will increase less and less each time, and time will be longer.
We are far away for the 'climax', i think at least two more bubbles are needed.
Just my 2shatoshis
What the trading floor needs is many high volume traders that can be market movers. In other words buy up coin as its being dumped and sell coin as its being purchased just to stabilize the price.
When big money enters the trade floor expect things to simmer down plenty.
Question is when. Perhaps +$1000 ? Who knows.
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Post 3521783 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
Something else that we may wish to factor into the equation.
With this new BTC momentum, Alt crypto currencies holders may be moving a % of their investments back into BTC.
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Post 3522063 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
Looks like that was just another nice little pressure valve release.
How helpful
Indeed! No surprise.
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Post 3523066 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.21h):
IS the Jobs report not bassed on unemployment numbers that are no longer qualify for subsidies? Once off the support network they are no longer reported on the unemployment numbers, giving a false impression of job growth.
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Post 3539755 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.22h):
Panic some more, please. It is so fun to watch
What we are seeing now was not so hard to predict:
Flashcrash alert.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
BUT
A
real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
This is a serious question. Do you have a book? If so, where can I get it? I think your insight might prove to be eerily on the mark...
He is quoting past history that had occurred a few times. Once at $31 and then on the rise from 6 to 12 and finally at $266.
Key catalyst on the rise from 6 to 12 was that the leverage device at the time was using mtgox as there exchaing of choice.
At $266 It was at combination of market sentiment and MtGox pending new account activations and inability to cope with the increase of volume trade from its users and the persistent ddoss attacks that would occur every time someone wished to sell large amounts of BTC.
The reality today is that BTC trade has now moved off of mtgox and as we have seen dispute attempts to duplicate this.
It has little effect.
As more fiat enters the network over the coming weeks expect to see less and less BTC as big players start hording a few BTC with their disposable income.
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Post 3570483 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.23h):
could some knowledgeable people chime in regarding 'correction coming'. I tend to disagree and see us passing 400 in next 5 hrs because the current trend. not sure about how telltale the orderbooks are.
Just scare tactics, I agree with you just stick to your own plan and
don't let your position be manipulated by others.
At least when you are wrong you can only blame yourself, it's worse if you're wrong because you didn't listen to yourself and let yourself be manipulated. Just remember the price never goes up in a straight line.
+1
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Post 3612134 (copy this link) (by Sitarow) (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
We are already 50% over the monthly-average exponential trendline, so a retracement is possible any time.
If the price dipped to $400 right now, would you buy? $350? $300?
The fewer buyers, the more vicious the crash will be.
I think that if we go down from here, it will be 2-3 months maximum until we get back. Also $266 will not be violated. By bitcoin standards, this should hardly even be called a correction...
I have buy orders at $270 and $330 still up for bid. However I do not expect them to be fulfilled.
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Post 3612587 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
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Post 3612766 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
you call them common folk ? LMAO!!!
I put up a comment along with an official email reply from Cloud Imperium Games from May 7th.
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Post 3616953 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
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Post 3617027 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
The crash from the eventual high is going to be epic.
LOL, some of the people here will still be holding their BTC when they look like the guy in the bottom half of that picture.
Bitcoin : You really can take it with you when you die.
I'll sell a few close to $1000
There is always a bigger fish in this market.
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Post 3617212 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
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Post 3617570 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
haaa no one saw the bitcoin shortage coming? ~ too funny!
/\700 club here we go!!!
>? ? ?<
190.
Post 3617702 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
is btc-e under DDos attack?
When are they not under DDos attack? Crazy ass russians.
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Post 3618379 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
Just in anticipation for the trigger happy.
Careful this Train is stopping for no one.
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Post 3618601 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
T
Have to have balls of steel to keep holding through all of this.
[fiat stuck on gox]
That doesn't explain this insanity. There is more and more fiat on gox. And while usd withdrawals are messed up, yen seem to work fine.
I'm nervous as heck- the price rise is simply ridiculous.
$1000USD per BTC may become a reality come wednesday.
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Post 3618835 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
Great Digital Wall of China
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Post 3619420 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
Ben Bernanke, chairman of the Federal Reserve, is also weighing in on the hearing, saying that it has no plans to regulate the currency.
“Although the Federal Reserve generally monitors developments in virtual currencies and other payments system innovations,
it does not necessarily have authority to directly supervise or regulate these innovations or the entities that provide them to the market,”
Bernanke wrote in a letter to the committee.
Edit: already quoted
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Post 3619517 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
Nice photoshop
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Post 3628566 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
FinCEN finally showed their hand
FinCEN exists for Tax purposes.
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Post 3628888 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.24h):
Let the panic buying begin!
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Post 3629127 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Basic Message
USA must be pro Bitcoin or else we loose out of the potential gains this emerging economy brings.
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Post 3629186 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Hot Asian girl yeah...
Oh and Pat
+1 Must be a Bitcoin holder.
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Post 3629228 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Satoshi! it is her!
I knew it
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Post 3629298 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
US must provide Income Tax Clarity
Follow what Germany is doing 25% gains if realized in first year and 0% tax after 1 Year!
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payment processing Services with built in transaction escrow.
Nice
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Post 3630708 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
$1000 USD is viable by Wednesday
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Post 3632549 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Lots of movement but little sell volume.
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Post 3632567 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Can someone tell me wtf is going on?
Someone wanting to cash-out I guess...
What I find odd is that this is very little sell volume.
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Post 3632620 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Rather low volume for all this movement.
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Post 3632802 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
It is hard to manage stop loss orders.
They can be tripped and make it seem like others are making an exit on the market.
EDIT:
Do not me fooled into letting your precious BTC go for less then what you have set for yourself.
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Post 3632849 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Dead cat bouncing?
Low volume shake up.
Most of the orders were pulled and not sold into.
Low volume trades.
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Post 3632867 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Bots, market order, stop losses....at this point I don't know how people can trust computers to make their bitcoin trades. Just set a price and adjust as need be.
Raises hand!
Algorithmic trading is a bit early with all the diverse exchange markets.
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Post 3632907 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
I just got an SMS alarm and saw red all over the screen. Might I ask please what happened after the
hearing ended, please.
tl;dr
USA Love Bitcoin but hates Bad guys that use it
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Post 3633060 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
Back on track!
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Post 3633273 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
we're back up to 818??? wowowow
Well this is excellent news.
Does this mean the price can never again go below $800 ?
800 is cheap,,,, when within a month we're gonna trade above $1k,
Not me, I'm out of this crazy market at least for a few months.
I have put a few coins up for sell at $1500.
Expect them gone tomorrow
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Post 3633467 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
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Post 3633485 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.25h):
This is all Spaceman's fault. We were going nicely to the moon then he decided to stop for fuel because he wants to go to Mars....
Some noobs jumped out and got pulled down by gravity.
God damn it.
Couldn't help it, somebody mixed nitro in my rocket fuel.
You guys think that's it? Back to up the hill, or more shakeout?
Yes and yes on our way to the moon
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Post 3667119 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.27h):
So Gox goes up while China didn't do anything really. It's up to 730 doing just fine when suddenly China goes down and instantly Gox and Stamp drop.
Can anybody explain to me how that happens so fast and why?
the bubble poped!
now their could be another bubble foruming right now. IDK i'm really scared.
Those that were comfortable to exit the race at 800-900 have since been replaced by the new adopters who are still racing to get in.
You can see evidence of this as before the drop the BTC on the ask side was slim. However since the drop the btc on the ask side has grown.
These new players are going long and I expect them to hold large quantities of BTC much like art as they would with other 1/3 commodities.
I had expected this to take another week or so. However since the US Senate hearing and with the upcoming reviews in early/mid December I expect that others also had felt the bullish nature the US is adopting to Bitcoin and cryptocurrencies in general.
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Post 3679777 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.27h):
Gox is going full bulltard
Next stop $1500 USD
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Post 3686060 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.28h):
We want $1000!
We want $1000!
We want $1000!
How's that?
$1500 here.
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Post 3686070 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.28h):
All people calling bitcoin a tulip craze don't realize that one of the main differences between both phenomenons is that the tulip craze was not supported by a worldwide digital platform called the internet. I mean the internet seems to be causing a qualitative effect on several phenomenons once they reach a quantitative peak thanks to the ease of interaction the internet provides. Look at the Arab spring, what seemed like a regular discontent or protest that wouldn't achieve much managed to topple whole governments. In my opinion this day and age we are witnessing very nice examples on how quantitative changes lead to qualitative ones thanks to the internet. So trying to predict what will happen to bitcoin using a phenomenon which happened centuries ago without having something like the internet to support it is not very accurate IMO.
What? Bitcoin =/= tulip mania in any way, internet or not.
Comparing a natural resource to crypto is just silly.
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Post 3718444 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.29h):
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Post 3722932 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.29h):
LET LOOSE THE DOGS OF WAR
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Post 3723003 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.29h):
LET LOOSE THE DOGS OF WAR Where do you gets this chart? Thank you
btccharts.com
import layout 383
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Post 3724730 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.29h):
I don't understand what point you are trying to make with your graph.
Isn't it obvious? We're going UP
The fight for 900 is over i think. The 900 wall won. He didn't get to sell his coins. Ends up with nothing instead of spreading them out over 900+ and make even more. Well done.
Of course we'll see a 500 sell now followed by panic sheep and we'll be back at 780 within the hour.
Shit I better start panic selling
But why do you include bitcoin days destroyed. How is that ever evidence that price will move up?
will we see 1500 by the weekend?
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Post 3725672 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.29h):
Closing in on the point where +-$10 is a 1% move. That's pretty surreal.
Volatility at this price point is high. However the sentiment seems indicate that $1000 is within reach.
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Post 3725840 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.29h):
$1000 today?
Are the forum members attending the $1,000 party getting on their respective planes/trains?
I think a pause will come into play once BTC hits parity with Gold
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Post 3740730 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.30h):
I admire those very early adopters that have been hoarding Bitcoin and never sold even 1 ! Respect
Raised my ASK order to 1800 USD
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Post 3814892 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.31h):
Wait until the devs lower the transaction fee to less than 0.0001.
We really need that ASAP. Any ETA on this?
Perhaps its in the works.
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Post 3851769 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.32h):
tripple bottom achived, now into the 1400's
Nah, it's Friday only, this is not over yet.
semi agree, I remember on the 5th we had a solid drop at 4am est kinda similar to this.. followed with a slight up trend and another drop then it leveled out
iis it happening?
Who knows.... Spec's are in unknown territory.
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Post 3859596 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.33h):
Seems cavirtex.com new trading platform is broken.
Perhaps a sad attempt at high volume trading.....
I suppose this is "the" way to scare off traders.
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Post 3867487 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
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Post 3867800 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.
Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?
It's interesting, noticed it earlier.
All I can think of is that the China news gave us the pop that we all wanted, sooner we crashed the sooner we get back to break 2k.
Edit: someone suggested BTChina may have temporarily suspended some transactions until verifications are processed?
What do you guys feel about the volume of buying over sat post 5am-6amest so far.. It's looking healthier for buy support on the north american exchanges as well.
Bearstamp seems most skiddish still
Everyone here is going to tell you that the price is going down until they close their shorts or re-entry positions. When the price is going down, get back to the fundamentals and the actual numbers. Some bears took advantage of the doom and gloom they were able to post all around and got a bunch of inexperienced traders to leave their original positions at far greater losses, there will be some good natured people spreading this doom and gloom now to further their own positions now that they got caught with their shorts down. Someone is dropping ~100 coins every 10 minutes for the past 4 hours now in an attempt to cause a second wave of panic when the only reason the panic started in the first place was because of two well timed 5,000 coin drops that have since re-entered.. their are some very big coin holders in here that would love more people to give in to the illusion of the lower entry greed. The normal uptalkers right now are busy starring at charts while the normal downtalkers are attempting to take advantage of the lack of confidence instilled. Patience in your friend.
How else can we get more coins. Taking advantage of market sentiment is an art.
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Post 3867874 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
How else can we get more coins. Taking advantage of market sentiment is an art.
Buy them?
Earn them for a service/good?
I find those are great. However if you factor in the btc value today. Those who have invested in service oriented btc project's have underperformed compared to those that just buy and hold btc.
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Post 3868056 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
I demand more hot butt pictures!
Im out and about. But here! Geek pron.
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Post 3868182 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
I demand more hot butt pictures!
Im out and about. But here is another....
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Post 3868518 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
This is a bulltrap. Don't try to catch the knife above $200.
Nice!
Can't wait.
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Post 3868684 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.
You'd think the opposite would be true. After surviving several previous crashes, including the major ones in Jun 2011 and Apr 2013, people should realize that Bitcoin always bounces back stronger than ever.
Most are waiting on sunday to go back in.
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Post 3868761 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.
I don't feel that what we have seen these days is a major crash.
I think this crash has only just begun. We're in a bull trap in a bear trap in a bull trap in a crash in a bull market!
Just don't be the guy looking in from the side lines as btc value crashes to the moon on its way to a new ATH
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Post 3887157 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
bids nearing ATH, weekend over, china news not actually bad, RIP bears, chew chew. (I maed detaled teknikal anoloses)
"THEY" say next ATH will be thusday at $1500 ☆
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Post 3887930 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.34h):
seems like someone doesn't like the CHOO CHOO
One vs the masses.
Many people who have been on the side lines are going to be verified at the exchanges today.
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Post 3894216 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
There are basically just enough bulls to keep this price steady.
It's just getting warmed up.
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Post 3900634 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
Wow. Someone's desperately trying to push the price down.
I can see 1500 in the horizon and its not a mirage.....
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Post 3905246 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
I actually woke up to see the exact same price i saw before going to sleep. BTC is not what it used to be
Yes I too enjoy the volatility but to a point
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Post 3905523 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
[…]
0 confirmation transactions work fine! The risk of a double spend is extremely low for low value transactions. For high value ones, 6 confirms is vastly faster than a wire transfer, or ACH, or SEPA.
Getting tired of noobs thinking they know anything . . .
the noobs are numerous
we must be patient and teach them how things work in bitcoin land.
been mining since May 2011. not sure that would be considered a noob.
Yes bitcoin is way too slow for everyday transactions. But some people didn't notice because they don't use it, they stick it in a paper wallet under their bed and that's it.
I've thought this too, and then I thought what tHash thought. Will people really go through the hassle of trying to double-spend transactions worth a couple of dollars, or even hundreds? I have no idea how feasible that is; I assume none of the standard clients will allow it. (My own service works on 0 confirmations, but will revert the subscription if it doesn't get the confirmations. Should be a viable route for many services, I guess – but of course not all.)
I know this is off topic, but there's not much on-topic to say at the moment, is there? Except perhaps… do you think any of the people who sold at 1000–1200 have cashed out any considerable portion? Or is pretty much all the money still in the exchanges? I'm assuming the latter, in which case things could go
really fast after 1000 is broken, right?
For online shopping and things like that, the speed is allright. But for direct purchases in "real life" way too slow. I have had 3 double spend so far.
With people who you don't know. Wait for 6 confermations beforehand.
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Post 3909151 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
something's happening in China
Indeed. But what could it be?
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Post 3909295 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
Just hit 1000 on gox.
that was so 5 mins ago.
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Post 3909370 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
I always use the chart from BTCchina. I found it more reliable.
Ok, here is the chart from China.
I can't decide which variant of the neckline is correct there.
I use the one around 6100 yuans ($1000). If it is crossed on the upside with volume, i will start thinking to buy back.
blows my mind doubling your coins near 575-620 wasn't enough for you best of luck...
the time has come no?
We are far from 6100 on BTCchina.
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Post 3909716 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
Pretty weak trend right now.
Just wait until China wakes up.
US markets look silly compared to them.
Btcchina didn't even get close to his neckline.
It's ~3 AM there I don't know what you are expecting.
I suspect that the next 24 hours will be telling. Thursday we will know the direction of the trading floor sentiment. Up or Down.
I vote new ATH $1500 Thursday/Friday.
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Post 3910619 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
Am I reading this right? China still under $950? Hmmm.
I don't know. My chart says 973.
mine says 975...
Weird, I'm seeing $951 now.
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Post 3910756 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
People should not be scrutinized for taking positions. What ever you do.... As a speculator anytime you sell no matter the reason history has proven you have lost out.....
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Post 3910934 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
People should not be scrutinized for taking positions. What ever you do.... As a speculator anytime you sell no matter the reason history has proven you have lost out.....
They should however be scrutinized for constantly, blatantly (and badly) down ramping in a futile attempt to fix their trading errors.
True words.
Preventing those who wish to push their mistakes onto others especially newbies and the inexperienced is not welcomed.
Can't help them then....
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Post 3912257 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
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Post 3912414 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
Anyway, back to Bitcoin; I want all the bears that insisted Bitcoin would never break 1k again to realize that the charts lied. There is no way about that. Charts are a shitty crystal ball and you should always be highly skeptical of them in a commodities or stock market that isn't news driven, but in the Bitcoin world all bets are off.
I think the only way to really obtain better-than-random trading odds is to fit an algorithm to the parabolic rallies/crashes, since they usually have "ringing" behavior afterward that can be profitably traded.
Charts never lie.... Its those that sell on rumor that suffer the consequences in this market.
Unlike traditional a trading platform, this market participants have matured to a point where just about everyone tends to get the news at the same time. NO heads up warning as to what the market will do.
"The old Buy on the rumor, sell on the news is a primary cause of technical price developments, and in many instances, the only “technical analysis”"
Edit: Lots of fun is expected over the next few days.
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Post 3912743 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
Anyway, back to Bitcoin; I want all the bears that insisted Bitcoin would never break 1k again to realize that the charts lied. There is no way about that. Charts are a shitty crystal ball and you should always be highly skeptical of them in a commodities or stock market that isn't news driven, but in the Bitcoin world all bets are off.
I think the only way to really obtain better-than-random trading odds is to fit an algorithm to the parabolic rallies/crashes, since they usually have "ringing" behavior afterward that can be profitably traded.
Charts never lie.... Its those that sell on rumor that suffer the consequences in this market.
Unlike traditional a trading platform, this market participants have matured to a point where just about everyone tends to get the news at the same time. NO heads up warning as to what the market will do.
"The old Buy on the rumor, sell on the news is a primary cause of technical price developments, and in many instances, the only “technical analysis”"
Edit: Lots of fun is expected over the next few days.
This is a really naive outlook. Why isn't everyone who can read a chart a billionaire?
"I'm not wrong, everyone else is"
Reading charts is a part of the equation. Market sentiment, is influenced by news of future adoption and other social/political news affect the perceived valuation of bitcoin day to day.
The other is indeed making the right call.
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Post 3913503 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.35h):
My take: I don't buy it, epic bulltrap, next we go down. Maybe missing on a bull run but way too risky.
24h from now: "I still don't buy it, this is temporary, we're gonna go back down to the ATH"
I don't know if 24h from now the downtrend would have already started, but the uptrend would have already stopped for sure.
Probably worth backing off the definitive statements in this market. Generally doesn't end well.
We are all playing on the same level so at least respect is in order.
Both positions seem sound.
Thursday / Friday $1500
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Post 3926133 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.36h):
28 hous later and the jury is in...
Can the market handle $1500 by Thursday/Friday?
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Post 3928193 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.36h):
Hi all,
Big noob here...
Please tell me that you've done at least a few hours worth of research on wallet security!
If not, here are some keywords.
Offline wallet. Cold wallet. Offline storage. Paper wallet. Armory.
"delete all Bitcoin apps (bar the wallet) from my phone"
Thats a big no no.
Please use Armory at least for a copy of your wallet.
use a safe and "offline" Asus netbook or something.
https://bitcoinarmory.com/https://bitcointalk.org/index.php?topic=56424.0Ask your papi what he did to secure his wallet. Maybe you can take a page out of his book.
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Post 3928271 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.36h):
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Post 3943800 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.37h):
The cbc guy calls me back BITCOIN will be on the radio tomorrow 7:00am
he bought some candy at the store, with my 0.004BTC
I get the feeling hes a bear tho
silly bear
294.
Post 3949370 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.37h):
Bitcoin, why u do this to me?
Welcome to the club.
Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members.
I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween.
I've lost 4.5k and it's now on the level I would be 1-1.5k at loss.
But fuck it, that's why it is fun, there's still lot more good moments than bad
Guys. If I had just hold all the time I would be a multi millionaire, in dollars, today. Just saying.
Not true. Edit: My bad I read Sold... Not hold... Sorry.
Your statement is true. If you hold then exit at the peak then yes.
Any miner who sells their mined coins daily will have made less then 20% of the miners that held and sold anywhere close to $1000usd today.
And those miners making 1btc today if they hold and sell when the ATH is 10k USD will be ahead of a miner who sold this years worth of mining at $1000
Edit: this is not the case if BTC price drops to 100 and the network difficulty stays at this level.
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Post 3999316 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
I recall a trading week similar to this back in January-February
2013. We stayed between $9 and $12 in December
2012 then in January we broke the $13 ATH shortly before the rise we have seen in April
2013
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigHourlyzczsg2013-01-21zeg2013-02-01ztgSzm1g10zm2g25zvEdit to correct the small details
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Post 3999585 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
Quite sure that graph is 2013 not 2012. I have vivid memories of those times.
Correct Typo On December 2011 should been 2012 and April 2012 should have been 2013.
Its January 2013-February 2013 December 2012 was the $12 Range
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Post 3999751 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
[...]
nothing is wrong with selling.. a lot is wrong with panic selling.. and that is a majority of what I see pushed
It's only panic selling if you didn't conclude price will continue to fall and you sell anyway.
I see more and more evidence that this correction is far from over.
Hence my recommendation: wait for a moderate rebound (tonight? tomorrow maybe?),
take a long, hard look at the charts and the tools of your choice, and then decide if it's time to sell some.
Especially take a look at the 3 months or 6 months charts to see where it's going.
Which monthly charts did you have in mind? The one from Q3/4 2011, or the one from Q2 this year?
In reality, I get your point of course. But do you get mine as well?
December 2012 to February 2013
Edit: As you have shown on the above charts. Those who made bank are those who buy and hold.
302.
Post 3999870 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
[...]
nothing is wrong with selling.. a lot is wrong with panic selling.. and that is a majority of what I see pushed
It's only panic selling if you didn't conclude price will continue to fall and you sell anyway.
I see more and more evidence that this correction is far from over.
Hence my recommendation: wait for a moderate rebound (tonight? tomorrow maybe?),
take a long, hard look at the charts and the tools of your choice, and then decide if it's time to sell some.
Especially take a look at the 3 months or 6 months charts to see where it's going.
Which monthly charts did you have in mind? The one from Q3/4 2011, or the one from Q2 this year?
In reality, I get your point of course. But do you get mine as well?
Related to our sell, I am happy for everyone who sold at the highs, clearly we've
temporarily bottom'd out. To sell now or I think we were having this convo before it almost broke 825 was silly, I would've been more alright with them selling on that very next up tick even.
I should always clarify I have no problem with people selling...as long as they came to that decision on their own opposed to following peoples advice without reading the theory behind or fact checking news articles getting familiar with charts etc.
I myself have been tempted to sell at the 3-4 highs and make 50 - 100 a coin minus 1.5% fees and those just intra day fluctuations. However I remain bullish and remain interested in the eurozone bail in talks.. this news could take us to a new bubble and in that one I see myself selling.
IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
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Post 4000638 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
http://china.dwnews.com/news/2013-12-16/59357811.htmlO
M
G
!
!
!
TL;DR Translation: Satoshi Nakamoto located and apprehended by Chinese government. Was carrying emergency bitcoin shutoff code. Chinese government plans to use code to shutdown bitcoin network. Satoshi charged with criminal economic disruption.
Coindesk is getting ready to publish an article corroborating this news from internal sources. This is the end guys.
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Post 4001175 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
THERE.. ARE... FOUR... LIGHTS!
Actually in the end there was 3
305.
Post 4001322 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
due the unbelievable amount of FUD, this thread is locked until future notice
But the party will move to another thread....
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Post 4004714 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
307.
Post 4005252 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
Not sure if everyone seen this.
http://www.youtube.com/watch?v=p1ZzA7ADpTEHowever I was impressed with the presented information.
It is important to note that they may have missed translated the news out of China about the gov't stance on bitcoin.
China has not banned bitcoin for individuals and businesses. it has instead banned its gov't owned and gov't licensed financial institutions (similar to banks or banks) that deal with the chinese currency, from also dealing with bitcoin(which is a good thing for bitcoin)
308.
Post 4005458 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.40h):
What is the sound of one cat bouncing in the blockchain?
http://www.listentobitcoin.com/soothing
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Post 4020290 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
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Post 4020307 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
570!
WOOT WOOT
i love buying
Do you eve sell? Lol
not these days.
Maybe he plans on buying 10% of the company ?
December 17th, 2013 - De-Listing Questions:
Terms and Definitions:
Registered Shares: The share certificates to be issued represent non-voting common shares with rights to receive dividends in either Canadian Dollars or Bitcoin.
Virtual Shares: Shares of symbol VTX on havelockinvestments.com
De-list Date: Dec 31 2013 4:00pm(MST)
HVL: havelockinvestments.com
Dividends:
No promise was ever made to issue a dividend on a specific date. In my last announcement on Oct 1 2013 I indicated that the next dividend update will occur by March 31 2014(Q1 2014). At this time I cannot give a specific date for when a dividend will be declared or paid. Any registered shareholder of VirtEx will be able to accept dividend payments in Canadian dollars or Bitcoin. There are no special classes of dividend exempt shares. If a dividend is declared or paid, the non-voting common shares as defined above and in this de-listing would qualify.
Questions:
1) Havelock stated the sale of 10,000 units was for 10% of the company. This should mean as a holder of 200 shares that these certificates will equate to ownership of exactly 0.2% of the company. Does this remain true?
Yes at the present moment, but the company may raise additional capital by issuing new shares in the future.
2) How do I become a registered Shareholder?
All shareholders as of the de-list date will be e-mailed on January 6, 2014 with instructions on how to become a registered shareholder. There will be no administration fee for this service.
3) Why should I become a registered shareholder?
To reflect your ownership interest in the company.
4) Why is your prospectus no longer posted and/or available?
We removed it as the first step in the de-list process.
5) What are the transfer rights of my registered shares, can I sell them to others?
Share transfers will be restricted in accordance with applicable law.
6) Will the de-list process require me to pay or report capital gains?
Consult your professional advisor. Generally however capital gains are not incurred until a disposition has occurred.
7) Can you give more detail as to why you decided to de-list?
The virtual shares are being traded in an uncertain regulatory framework as it pertains to an Alberta Corporation. This uncertainty complicates and delays any additional investment and/or partnership. We intend to grow this company and pursue partnerships and investment offers and the conversion of virtual shares to registered shares is a necessary step to make that happen.
When will financials be issued and to who?
Annual financial statements will be issued to all registered shareholders and are planned to be released by March 31, 2014.
Source
https://www.havelockinvestments.com/fund.php?symbol=VTX
311.
Post 4020333 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
China is about to free fall!!!!!
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313.
Post 4020417 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
I can see MtGox bottoming out at $400 but how far the pendulum will swing is up the the hysteria of the traders.
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Post 4020462 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
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Post 4020611 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
About to break MtGox All Time Low since the rise to parity with gold.
317.
Post 4020625 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
Mining gear will really have to come down in price now
That or there will be many refund requests....
318.
Post 4020699 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
$593 now on Stamp.
Even the full weight of the Chinese dragon could not save Risto.
The sad part is that due to the spread the price jump does not take much volume. Even 1 BTC can raise the value $100 it seems
319.
Post 4020725 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
Wow Cavirtex.... Must be planning something good.
Dec. 17, 2013, 8:43 p.m. - Debit Card Loads and Wire Transfer Update
The Debit card load procedure is temporarily on hold, we will keep you updated as development occurs. For now, we will decline all your load requests so that the CAD is returned to your balance.
Wire Transfers are scheduled to resume shortly, please wait for an official date before attempting to notify or send.
320.
Post 4020881 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
If history repeats itself then wait 3 months for the new ATH
321.
Post 4021039 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
Lol $20 drop on Gox to 580 in 3 seconds. Maybe better hurry up with that popcorn.
it's probably the chinese already transferring some bitcoins to GOX to sell... probably b/c it still has the highest prices.
That!
Chinese will sell everywhere.
How long does it take to withdraw from btcchina and send to GOX/stamp?
1 hour or less
322.
Post 4021099 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
MT GOX Previous Low broken
323.
Post 4021136 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
Bitstamp lows reached.
324.
Post 4021218 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
Bitstamp and MtGox.... One can speculate what the bid walls will it be in the next hour as BTCChina tarders sell onto Mtgox and Bitstamp exchanges....
325.
Post 4021513 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
So China really banned deposits from banks and other payment processors to bitcoin exchanges? Is that what this is, or still speculation? I was gone for the last 40 pages...
MtGox broke its previous low and btcchina and okpay seems to be moving coins into bitstamp and other exchanges to take advantage of the price differences.
Offial post can be found on btc china webpage regarding deposits and withdrawals.
326.
Post 4022924 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
BTC-e
BitStamp
MtGox
CaVirtex
Kraken
OKcoin
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Post 4024146 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.41h):
It will always go up and down, but never that down again (talking Bitstamp). All my downside targets are fulfilled, so basically bitcoin can resume uptrend.
Trendtargets:
31.12. - 479
31.1. - 608
hard to predict how far the pendulum will swing.
334.
Post 4024386 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.42h):
I think wait! China not looking as bullish as people in this thread want you to believe.
Yeah, btcchina is still at $400 while the rest of the world is back at $500... what gives?
Anyone wondering what the weekend dip look like.
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Post 4033638 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.42h):
Anyone care to guess the bottom on this one?
Die hard nay sayers say sub $200
344.
Post 4035075 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.42h):
BTC-e
Bitstamp
MtGox
BTCChina
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Post 4035148 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.42h):
346.
Post 4042791 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.43h):
I wonder what you all think it will look like going into the weekend.
347.
Post 4043123 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.43h):
Finex is going offline in one hour, price suddebly exploded there and on stamp. Preparing for dump just before it goes down?
Could it be people are trying to move their BTC out of the exchange before the downtime?
348.
Post 4048889 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.43h):
The question is... What side are you on?
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Post 4057382 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.43h):
BTCChina
Bitstamp
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Post 4057479 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.43h):
354.
Post 4057599 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.43h):
Was shipping was paid with bitcoin?
355.
Post 4061748 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.44h):
A massive triangle is closing, and we are about to hit the longer term down trend
Take two steps back and get some perspective guys.
jl2012 was onto something. We did not breakout.
Will we visit 400?
Its the weekend anything can happen.
Sub 300? Shrug...
Reminds me of the move from $7 to $4 then $2. Was quite a time for miners.
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Post 4062956 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.44h):
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Post 4063062 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.44h):
Come onnn I got bids in the 500s
Will this weeks low of $455 USD on MtGox be broken this weekend?
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Post 4063357 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.44h):
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Post 4080195 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.45h):
00:39:31 636.1697
00:33:11 637.7
6 minutes and 19 seconds without a trade on Gox? BUY ALL BITCOINS YOU CAN, NOW!
00:39:31 636.1697
00:33:11 637.7
6 minutes and 19 seconds without a trade on Gox? SELL ALL BITCOINS YOU CAN, NOW!
Was this a failed attempt to ensue panic selling?
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Post 4081277 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.45h):
369.
Post 4081380 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.45h):
The volume is every exchange is so sad even for it been the weekend.
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Post 4100680 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.45h):
Is that correct? Or Is bitcoinwisdom lagging?
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376.
Post 4119981 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.46h):
Wow, you can tell its quiet when the boys are talking about cars...
Sharp drop on Gox from $701.50 to $701.20 over the last five minutes when I last checked.
Wall was sold or pulled? hmmm.
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Post 4125115 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.46h):
MtGox Logarithmic Scale
MtGox Normal Scale
BitStamp Logarithmic Scale
BitStamp Normal Scale
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387.
Post 4156132 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.46h):
Found this on the net:
The last trading date for 2013 for Canadian publicly traded stocks is December 24th, and the exchanges close early, at 1 pm Eastern Time, which is 10 am Pacific Time. The Canadian stock exchanges, such as the TSX, are closed on both Christmas Day (Dec 25th) and Boxing Day (Dec 26th). Canadian stocks purchased or sold after this date will settle in 2014, so any capital gains or losses on sale apply to the 2014 tax year.
The last trading date for 2013 for US publicly traded stocks is December 26th. The US exchanges, such as NASDAQ, NYSE and CBOE, are not closed for Boxing Day.
Yes, all trades must settle by the last day of the year.
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Post 4156737 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.46h):
389.
Post 4157938 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.47h):
Get your set today!
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Post 4206927 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.48h):
Edit: 54,327
BTC = 2173 Block reward subsidy of 25
BTC each, or 15 days worth of mining subsidy from the bitcoin network.
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395.
Post 4230781 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.49h):
MtGox
Bitstamp
BTCChina
24 hour Volume
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397.
Post 4260573 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.49h):
Though it's not much of a competition when one side is producing a profit and the other is literally throwing money away.
Could you expand on this?
Are they not covering the 0% fee costs with the crazy GH's price and the fee's over at Cex.io?
Is it truly your belief, that they are not making money out of their whole scheme?
Are they not the same organization?
Is it known who the owners are?
Cex.io charges extremely high fees for "maintenance", and they also probably sell a lot of that hash rate into the order book since they definitely own more than what is on the book. However, ghash.io also allows miners to point their own hardware at the pool at 0% fee. They're the same company. The "throwing money away argument" is based on that part. They are spending time and money servicing external miners, and are not making a single cent off the time/money spent on those users.
The motivation perhaps could be linked to the demand for freshly mined coins.
Do you perhaps think that they have been commissioned to produce virgin coins?
Any blocks solved are kept by the pool and what is paid out to the miners are tainted coins?
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Post 4479310 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.55h):
Has anyone figured out why the price goes up on Friday afternoons and Saturdays and goes down on Sundays?
Normal Markets close and those who are addicted to day trading have turned to bitcoin and crypto.
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Post 4486259 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.55h):
410.
Post 4486995 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.55h):
@sitarow could you explain me how do you come up with such nice screenshot?
Use the button "print scrn" close to the F12 key on your keyboard and paste into paint. Then save. Finally, upload to BTT.
cool thx but i was talking about how to aggregate all this data and display it as in that screenshot
BTC charts.
You can import the layout 890 if you wish.
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Post 4489939 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.55h):
Choo choo?
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Post 4499535 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.55h):
Seems he should have stayed in and walked AFK for 1 year
Would have made bank!
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Post 4709148 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.58h):
Difficulty ATH!!! More than 2 billion!
Here is the expected BTC return for a variety of hardware during this present difficulty.
Edit: Reminds me of the similar returns when GPU's were king.
416.
Post 4709221 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.58h):
Difficulty ATH!!! More than 2 billion!
Here is the expected BTC return for a variety of hardware during this present difficulty.
Utilizing something like that was is an average cost in USD to mine 1
BTC?
Hardware cost is not factored in as most have already paid off their hardware with previously mined BTC.
Edit: After considering the recent news with retailers accepting BTC as payment, and larger groups arrogantly attempting to hold a % of the mining income. BTC is seriously undervalued.
You could go as far as saying that $800 today is $8 Last 2012.
417.
Post 4710089 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.58h):
That BTC mining chart for ASICs is making me smile. I mined 0.17 BTC yesterday via altcoins with "only" 12 GPUs
By comparison the SHA hashing armsrace has developed into a massive shooting one's foot party.
But you do realize you are supporting an
ALTcoin that in a few months will be unsustainable.
It is what I like to call FOTM coin.
Edited for clarity.
418.
Post 4710344 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.58h):
But you do realize you are supporting a coin that in a few months will be unsustainable.
It is what I like to call FOTM coin.
I have no clue which coins I'm actually mining, I am interested in getting BTC. People with BTC seem interested to give it to me in exchange for whatever I'm mining. The BTC network can do without me, 2 petahash? It just makes investing in SHA ASIC miners look pretty unattractive is what I'm saying.
Hopefully the market will soon find its synergy and normalize with respects the ability to handle "new" forms of altcoins.
Bitcoin and with some respects Litecoin seem to have the best balance between transactions/subsidy reward/blockchain file size that has been keeping pace with technology development road map.
Many other altcoins fail to understand the importance of maintaining a close relationship to this rule.
That is why I feel that many "new" altcoins are unsustainable. However newbie's entering the marketscape do not understand this yet.
My only recommendation to them would be, if you enjoy mining, then enter the landscape 50/50 50% coin and 50% hardware. That way you can take advantage of the historical rule that Buying and holding bitcoin has been the best strategy to date.
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Post 4723290 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.58h):
Are we to $40,000 yet?
Patience young space traveler. All in due time.
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Post 4747595 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.59h):
For those who may not be aware.
As many have implied, Bitcoin economy has come under speculative pressure not only by new adopters of BTC but of Crypto coins in general. The "alt-coin" mining landscape have opened up the opportunity for speculative miners have taken up the mine and dump for BTC and then sell for USD strategy. This applies to both SHA256 or Scrypt "alt-coins".
Bitcoin / litecoin have been under pressure in the sense that many speculators have been trading them for the "Flavor of the Day" "scam coins" that have been popping up in the wild.
The return for miners to Jump on this strategy of mining is high when you factor what it costs to get 1BTC using traditional ASIC hardware.
Please review this link below.
http://www.coinwarz.com/cryptocurrency/?sha256HashRate=4500000.00&sha256Power=8000.00&sha256PowerCost=0.1000&scryptHashRate=50000.00&scryptPower=12000.00&scryptPowerCost=0.1000&sha256Check=false&scryptCheck=trueIt shows the type of return one could expect running a GPU operation at 50,000 KH/s and what you would get if you just mined and dumped every 24 hours.
With the advent of scrypt ASIC hardware seeming possible some time this year. I wonder how long this strategy will hold until 1 coin scrypt emerges winner.
Yes I may have let the cat out of the bag however I feel people should be informed as to what may be putting added pressure in keeping btc and its "network" at such an undervalued state.
425.
Post 4754611 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_11.59h):
The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.
You can't withdraw BTC from MtGox at the moment, it's broken.
Bullshit. Withdrawal made 2 minutes ago:
https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLgSHHH... Don't Tell.
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427.
Post 4802744 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.00h):
Wow. I am working on a startup hopefully releasing in Feb which one of the Winklevii just endorsed. Not the Chicago Sun-Times but a multimedia news site which will enable access to the news stories through sharing or micropayments. That was encouraging.
http://www.vettage.com if I may toot my own horn.
Congrats!
428.
Post 4805466 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.00h):
429.
Post 4822776 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.00h):
they managed to get the private keys or they "hacked" the private keys ?
Anyone who can hack into a computer where your keys are stored or processed can get your keys.
If your keys go through a computer whose software you can't disassemble or change, the company who provides the software can get your keys.
A while ago someone discovered that most cellphones had a routine installed by the factory at a very low level, "for maintenance and debugging purposes", that recorded all your button and keystrokes and send them to the manufacturer on demand.
Even if you use an open source OS and software, you can't check the code of every program you download to see whether it contains a Trojan.
What would be great is to have the option of enabling a 2 step authentication for every transaction that happens on the wallet. So if someone manages to get a copy of your wallet/private key that every transaction associated with that wallet would render a one time use perhaps an sms text or a previously entered password that you would have to enter before the transaction is accepted.
430.
Post 4823307 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.00h):
Oh wow. So much happening right now...
First, as confirmed above, big time trader 'loaded' arrested in China (
source), and now, another well known player, forum user rpietila arrested in Finland (
source -- they basically call him "the Finnish Charlie Schrem").
This isn't good. Not good at all.
Please, arrest me and throw away the key if I were to ever get that sloppy.
Hard to stop the fud
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Post 4823528 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.01h):
Fun.
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Post 4912964 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.02h):
can you please stop with your racism ?
Can you please stop quoting him?
see ignore only works if you don't quite or you may have to be ignored also
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Post 5368290 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.20h):
Edit: Anyone recall how long MtGox was down the last time trading was put on hold?
I think BTC was trading at $15 average at the time on TradeHill.
447.
Post 5368716 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.20h):
New look (for now)
448.
Post 5368976 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.20h):
Lets leave MTgox behind us and move towards the $5000,- per BTC price Max K has been telling us about.
Slow and steady wins the race.
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458.
Post 5396688 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.21h):
Live Market Prices
Market Prices 11.5 Hours Ago
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461.
Post 5427556 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.22h):
Fuck it, I'm buying.
Are you back....?
A question asked by those getting into bitcoin would be. Should I speculate on hardware vs difficulty increase or Buy BTC directly what gives most BTC return?
Updated the mining hardware cost to btc return chart on a 20% network difficulty rate increase.
I update it with newer hardware over time.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=drive_web#gid=9Edit: there are multiple sheet tabs at the bottom.
462.
Post 5427672 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.22h):
@sitarrow thx for the material! long week end of study ahead.
The BTC return for each hardware is if the network difficulty increases at 20%. (Average is 23.1%)
Worth knowing.
Edit: and feel free to make a copy for your own records. Just check back and get an update every Bitcoin Network difficulty retarget every 12 days or so.
463.
Post 5427771 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.22h):
the chief editor of a major german economic newssite "Handelsblatt-online" said publicly that
-bitcoin was
hacked-
forged bitcoins are circulating
-the central bank of bitcoin (mtgox) went bankrupt
http://www.handelsblatt.com/9534814.html I hope that is a google translate fail.. If not wow on the fud factor.
464.
Post 5483808 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.23h):
Time.
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469.
Post 5796806 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.28h):
Anyone going to order KNCMiner scrypt ASIC?
I think I might do one or two. 100 MH/s for 10k$ looks good.
I along with 3 others have made orders. But remember buying the coin may net you more in the end
PS.
if you don't have one consider using the link below
https://www.kncminer.com/products/titan?resellerid=619P.S. there are only 2365 left
470.
Post 5918243 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.29h):
Bitcoin will go on...
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Post 7120385 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.50h):
Edit: Cavirtex trading fee's dropped.
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Post 7554338 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.55h):
Slow and steady.
476.
Post 7554379 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.55h):
Company Overview
Company Name WINKLEVOSS BITCOIN TRUST
Company Address C/O MATH-BASED ASSET SERVICES LLC
1007 ORANGE STREET, SUITE 1463
WILMINGTON, DE 19801
Company Phone 302-472-9171
Company Website --
CEO Cameron Winklevoss
Employees --
State of Inc NY
Fiscal Year End 12/31
Status Filed (7/1/2013)
Proposed Symbol --
Exchange --
Share Price $20.09
Shares Offered 1,000,000
Offer Amount $20,090,000.00
Total Expenses --
Shares Over Alloted --
Shareholder Shares Offered --
Shares Outstanding --
Lockup Period (days) 180
Lockup Expiration --
Quiet Period Expiration --
CIK 0001579346
Company Description
The Trust is expected from time to time to issue Baskets in exchange for
deposits of bitcoins and to distribute bitcoins in connection with redemptions
of Baskets. The investment objective of the Trust is for the Shares to reflect
the performance of the price of Bitcoins, as measured by the
Winklevoss
IndexSM("WinkdexSM"), less the Trust's expenses. The Sponsor believes that, for
many investors, the Shares will represent a cost-effective and convenient means
to access exposure to bitcoins. The Shares represent units of fractional
undivided beneficial interest in and ownership of the Trust and are expected to
be traded under the ticker symbol "[ ]" on the [ ].
The Trust's Sponsor is Math-Based Asset Services, LLC. The Sponsor is a Delaware
limited liability company formed on May 9, 2013, and is wholly-owned by
Winklevoss Capital Management LLC. Under the Delaware Limited Liability Company
Act and the governing documents of the Sponsor, Winklevoss Capital Management
LLC, the sole member of the Sponsor, is not responsible for the debts,
obligations and liabilities of the Sponsor solely by reason of being the sole
member of the Sponsor. The Sponsor will be the exclusive licensee, within the
field of use of operation of an exchange traded fund, of certain patent-pending
intellectual property regarding the operation of the Trust and the Trust's
hardware and software security system ("Security System"). Winklevoss IP LLC is
the owner of and is licensing to the Sponsor such intellectual property.
The Sponsor will arrange for the creation of the Trust, the registration of the
Shares for their public offering in the United States and the listing of the
Shares on the [ ]. The Sponsor has agreed to assume the following
administrative and marketing expenses incurred by the Trust: the Trustee's
monthly fee and expenses reimbursable under the Trust Agreement, Exchange
listing fees, US Securities and Exchange Commission ("SEC") registration fees,
printing and mailing costs, audit fees, up to $[ ,000] per annum in marketing
expenses and up to $[100,000] per annum in legal expenses. The Sponsor will also
pay the costs of the Trust's organization and the initial sale of the Shares,
including the applicable SEC registration fees.
The Trustee is [TRUSTEE]. In its capacity as trustee of the Trust, the Trustee
is generally responsible for the day-to-day administration of the Trust. This
includes (1) transferring the Trust's bitcoins as needed to pay the remuneration
due to the Sponsor ("Sponsor's Fee") in bitcoins (such bitcoin transfers are
expected to occur approximately monthly in the ordinary course), (2) calculating
the NAV of the Trust and the NAV per Share, (3) receiving and processing orders
from Authorized Participants to create and redeem Baskets and coordinating the
processing of such orders with The Depository Trust Company ("DTC"),
(4) transferring the Trust's bitcoins as needed to pay any extraordinary Trust
expenses that are not assumed by the Sponsor and (5) selling the Trust's
remaining bitcoins at termination of the Trust and distributing the cash
proceeds to the owners of beneficial interests in the Shares ("Shareholders") of
record.
The Trust's custodian is [ ]. Although the Trust's bitcoins are not stored
in a physical sense, the Blockchain's transaction records assign a location for
each of the Trust's bitcoins to digital wallets established by the Trustee using
the Trust's proprietary Security System, which wallets digitally hold the
bitcoins and permit the Trust to move its bitcoins. Access to those digital
wallets, and the bitcoins they hold, is restricted through the public-private
key pair relating to each digital wallet. In its capacity as custodian, the
Trustee is responsible for the safekeeping of the Trust's private keys used to
access the digital wallets. The Trustee also facilitates the transfer of
bitcoins in and out of the Trust Custody Account through the bitcoin custody
accounts it will maintain for Authorized Participants and the Sponsor. The
Trustee will store all of the Trust's digital wallet private keys in US vaulting
premises on a segregated basis, and will deliver such private keys to the
Trustee's authorized administrative operations to permit access to the digital
wallets on an as-needed basis.
---
Winklevoss Bitcoin Trust
30 West 24th Street, 4th Floor,
New York, NY 10010
Our telephone number: (646) 751-4444.
Read more:
http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927#ixzz35ydetOAG
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Post 7554472 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.55h):
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479.
Post 7554544 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_12.55h):
OzPolitics forum? You couldn't even be bothered to make your own version for this place?
No point..
480.
Post 8007054 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.00h):
Honestly, I'm not seeing what's so positive about this dump other than it didn't drop much. We were in a small pennant that started rising since 6/30 @ $589. And we broke down to $590, instead of up. On zero FUD in the news this time.
The good news is that it seems like a random dump, probably a troll trader trying to capitalize on the fictional 7/24 moon date that everyone just made up in their heads. I guess the next time it's more serious we'll see if the $580 support holds, as well as the recent double bottom at $555.
Coinsetter in New York is up. Along with a new batch of hardware being sold for aug 2 shipping.
For those who may have missed it I updated the Hardware return vs buying bitcoin spreadsheet.
Here is the shared link.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
481.
Post 8404593 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.06h):
8/17/2014
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483.
Post 8654858 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.10h):
Anyone here recall the time btc was hovering 4.6 usd after going just over $2?
Like then this time btc is undervalued as shown by this updated hw vs projected btc return document.
I pay attention to the short term numbers 15 to 30 day indications.
If a person is wishing to get started with mining they may seriously consider the buy and hold option as your taking on less risk.
Here is an updated hardware vs return chart shared link.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
484.
Post 8817038 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.12h):
Did we ever have in BTC history a battle like this one at 480$ ?
Maybe 1$ (I was not around).
Last thing I can remember is the 100-130$ period but more stretched in time.
From the pre 266$ bubble (and after the 10$) I can't remember anything too..
EDIT: Maybe the 5$ on 2012 and 10$ same period, more stretched in time too
When it was recovering from a drop that went just over $2 BTC.
It stayed at $4-$6 range untill the new ASIC tech BFL was taking pre-order's and then shortly the subsidy reward dropped from 50 to 25 BTC a solved block.
We are not at the stagnant technology stage so I expect the network to fall in line with market conditions.
Any good crypto needs a solid network of participants to be worth what BTC is today and in the future.
Note, that the internet is what it is today because the participants continue to use it as the main network.
485.
Post 9006125 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.16h):
i'm gonna be declaring a hell of a capital loss this year.
That is if you are take steps to realize them.
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Post 9072072 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.18h):
487.
Post 9092298 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.20h):
I have to admit I am kind of worried...there is something happening behind the scenes.
"Something a brewing"
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Post 9094976 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.20h):
489.
Post 9095013 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.20h):
Maybe he is attempting to win a bet? Below $266?
490.
Post 9106534 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.21h):
SO who here timed the market swings?
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Post 9135576 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.21h):
Let the games begin!
492.
Post 9135616 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.21h):
Cmon now... Or have i just poured myself another glass of whisky for no reason?
Let's do this like the last rally.
For every $1 bitcoin rises tonight, I will shotgun 1 beer, until I pass out or run out of beers (~120 in the fridge at the moment).
LOL
your fridge must be filled with nothing but beer!
not for long buddy, not for long...
I havent got any beer in my fridge. Should i eat a bit of cheese or over due sausage for every +btc?
I'd need beer donations again ^^
If you eat all your cheese now, you will prevent future dumps.
I would eat the cheese. I would stay away from the sausage.
Your name. Your name and this post. I love it.
Im gonna go straight for my cheese now, and hold you to your word (that is: in case of future dumps, you owe me cheese).
What I find amazing is that a low volume exchange like BTC-e can force Huobi, OKCoin, and BTCChina to move up the price.
493.
Post 9135710 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.21h):
I have no idea whatsoever why you quoted me to write this. But it is nice, makes me feel noticed.
Do you think its forcing, rather then just market indications being faster on btc-e?
for now yes. especialy since Huobi, BTCChina, OKCoin BTC holdings have reduced.
October 3rd before the "crash"
October 8th ....
494.
Post 9136531 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.21h):
debating an a rather large bet here... large wall on virtex would allow me to do it with no slippage... fucking tempting...
You bet
just remember there is 800 more where that came from.
495.
Post 9137541 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.21h):
Bitcoin won't ever go mainstream; Ever
https://www.youtube.com/watch?v=xUNGFZDO8mM Have you seen this? Acceptance of the block chain technology is now.
496.
Post 9175462 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.23h):
What's happened to bitstamp?
Volume has flatlined.
it is not only an issue on bitstamp.
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Post 9190811 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.23h):
498.
Post 9754238 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.37h):
1 Year ago today.
who here remembers this..
499.
Post 9920812 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.40h):
you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.
hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.
So why is hashing rate dropping then?
If you factor in the lower variance when the network difficulty is dropping then anyone who pays more then $0.14 per KWH and has the hardware paid off is making at most 12% profit not including any other overhead.
Reality.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
500.
Post 9993949 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.42h):
5th amendment
to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove
So is it approved yet?
I have no fucking clue, thanks to the vagueness of everything.
Typical Wall Street
If you read in the main sec.gov COIN page:
Filing Date
2014-12-31
Accepted
2014-12-30 21:10:03Documents
14
So, I guess it is already accepted and nearly ready to launch.
Hore Shet meme
If this is the case, I must prepare my CCMF pics...
"Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(d) under the Securities Act of 1933. Each Share comprising the initial Baskets of Shares represents 0.20 bitcoins and is offered at a per Share price equal to the price equal to the number of bitcoins comprising such Share. The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin."
"Proposed
maximum
offering price
per Share(1)" = $20.09
EDIT Note: network difficulty was Jun 29 2013 21,335,329 Total Speed 152,724 GH/s
VS
Today Dec 30 2014 40,640,955,017 Total Speed 290,919,288 GH/s
501.
Post 10027257 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.43h):
Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?
At current difficulty, on 20 nm process and 10 cents per kWh, I'd guess around 200, maybe a little less...
with free electricity around 0.1 dollars i guess
There is overhead such as rent labour cost of miners and upkeep.
The reality is that btc mining is not profitable if the network difficulty and price stay at its present rates.
I have updated the Hardware return vs buying bitcoin spreadsheet. The link is in my posted history if you want a copy.
I have a feeling that one reason for the low volume volitility may be due to coin-swap and associated fallout.
502.
Post 10073572 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.45h):
503.
Post 10127580 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.46h):
For those who may not yet know I have updated the daily estimated return for hardware type.
Below are 3 sheets display btc value 300 usd to 250 usd and electric cost of 13c to 10c.
BTC @ $300 usd and 0.13 kwh
BTC @ $300 usd and 0.10 kwh
BTC @ $250 usd and 0.10 kwh
Assuming that the mining hardware is paid off and they have no added overhead then profits are still to be had.
However we are at a point that many miners will decide as to the usefulness of continued operations. .
Edited for clarity.
504.
Post 10129368 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.46h):
@Sitarow: are those spreadsheet public? If not, can you make one for 200$ level? Thanks, a hell of a work you did.
I have included the two requested sheets in the document.
$200 USD @ $0.13 kwh
$200 USD @ $0.10 kwh
Shared document link. There is dedicated sheets for each hardware type and estimated difficulty return.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
505.
Post 10130198 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.46h):
Hey, very nice job.
One think I'm confused about though is the hardware efficiency, shouldn't the BTC/GH stay constant between $300 and $200?
THAT metric is used to indicate the asking price value for the chosen hardware prior to purchase. Helps decide vs buying other hardware offerings.
It only applies to those curently offered hardware prices.
To those expressing gratitude. Thank you and your welcome. However these sheets have been compiled by me yet I am not the original author.
Two other bitcointalk community members in the past shared their respected documents. I only put them together and kept them up to date along with adding requests over time.
Please feel free to share any important calculations that may be missed.
506.
Post 10136057 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
We are entering the new price range that will make those who mine and dump and are using bitcoin as a means to raise funds stop operations and move onto more rewarding means.
Those who understand the value bitcoin has will seize this opportunity and capitalize on it.
Those who have used this downward trend most likely will find how short sighted they were. Similar to the early adopters.
Ultimately the open market will decide its value.
I do not base my speculative perspective solely on experience. There are other factors at play that have been extensively discussed about.
All one way or another will decide who they will be.
507.
Post 10136422 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
Blocks/hour 4.85 / 742 s
If it drops too low then all trust in the network vanishes and btc is rendered worthless and perceived as such by the world.
BTCGUILD is solving blocks making miners there quite happy.
508.
Post 10136440 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
Human nature is a key factor in the equation.
509.
Post 10140618 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
2015-01-12
2015-01-13
2014-01-13 This Time Last Year ..
2013-01-25 This Time 2013..
510.
Post 10143206 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
Hope the perma-bulls will at least take the chance to learn something here.
Herd behaviour, mass psychology, going against the crowd, delusions, blind greed, economics, investing, trading, controlling one's emotions, bubbles, technology, frauds, scammers, sociopathy, ethics, etc.
Whether you got screwed or you profited, there's a lot to learn from this whole mess.
I'm actually serious
You forgot a few. The wealth effect and game theory and of course how to avoid the wambulance did not buy/sell cry when investing.
511.
Post 10144891 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
New low on China and bitfinex
The good news is that the network distribution is well balanced.
512.
Post 10144956 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
Hey, very nice job.
One think I'm confused about though is the hardware efficiency, shouldn't the BTC/GH stay constant between $300 and $200?
THAT metric is used to indicate the asking price value for the chosen hardware prior to purchase. Helps decide vs buying other hardware offerings.
It only applies to those curently offered hardware prices.
To those expressing gratitude. Thank you and your welcome. However these sheets have been compiled by me yet I am not the original author.
Two other bitcointalk community members in the past shared their respected documents. I only put them together and kept them up to date along with adding requests over time.
Please feel free to share any important calculations that may be missed.
anyone have anything to add to this sheet?
513.
Post 10145055 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.
The chances that a bottom is above 200$ are slim to none in my opinion.
Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$
well, I would say we had enough panic by now. People are overselling right now. This is going to bounce before we hit 200$ tonight. Everybody is expecting the price to hit 200 soonish once the first bigger buys start to take action, panic buys are going to happen and we will bounce up.
Who knows if the market will try to test even 100$ after it or close the shorts.
At this price USD/BTC the profit many miners are experiencing is negative. Even if hardware is paid off, once you factor in things such as employee wages, hardware cooling, and building rental.
As requested I updated the document with a $250 and $300 and $400 USD valuation.
514.
Post 10145183 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
As far as I can tell many bears here may wish the price to go down just to cover their short positions.
What will come of it? Perhaps history will be repeating itself.
515.
Post 10145215 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.
Ignorance is not bliss.
This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity.
To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.
I just wanted to add.
I remember playing a game called Bards Tale. There was a chapter in the game where the hero had to listen to confined prisoners in order to free them. However only 1 truly knew the answer. Yet the other 2 made such a convincing argument that they were correct.
If you ended up listening to the one that actually knows the sequence then all the prisoners would not die.
IF you are a bull or bear, be humble and KNOW THIS. Hindsight is 20/20.
516.
Post 10145278 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by
https://megabigpower.com/ running new Bitfury hardware.
The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves.
As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal?
517.
Post 10145442 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by
https://megabigpower.com/ running new Bitfury hardware.
The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves.
As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal?
What's a 'reversal'
Market Reversals And How To Spot Them
By Matt Blackman
518.
Post 10145482 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
The good news is that the network distribution is well balanced.
Weeeelll, yes,
all the top 4 companies would have to collude in order to launch a 51% attack (e.g. to take 100% of the rewards, by ignoring blocks mined by other miners and thus orphaning them).
indeed and then loose the faith of the community and go bankrupt for what?
People that adopt BTC as a trading platform should understand that many Bitcoin participants from all over the world with great minds are working on the tech to satisfy ego, rather then the speculative opportunities.
519.
Post 10145498 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.47h):
how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by
https://megabigpower.com/ running new Bitfury hardware.
The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves.
As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal?
What's a 'reversal'
Market Reversals And How To Spot Them
By Matt Blackman
It was complicated. Reads like a bull trap
It is an important tool used by many bears.
520.
Post 10145568 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
The good news is that the network distribution is well balanced.
Weeeelll, yes,
all the top 4 companies would have to collude in order to launch a 51% attack (e.g. to take 100% of the rewards, by ignoring blocks mined by other miners and thus orphaning them).
indeed and then loose the faith of the community and go bankrupt for what?
People that adopt BTC as a trading platform should understand that many Bitcoin participants from all over the world with great minds are working on the tech satisfy ego, rather then the speculative opportunities.
What if a bad actor paid them to attack the network?
It's a big flaw of bitcoin's design.
It doesn't matter if "there is no incentive" (although I have doubts about that), you cannot allow something like this to theoretically happen IMHO.
Mining centralisation is just another big problem with bitcoin and his POW, by design.
Listen hardware costs operating costs and, network difficulty and how it finds its balance on the network has not changed in 5 years.
CPU / GPU / FPGA / ASIC..
What makes this network the bitcoin network rule over all the other crypto networks is the network participants.
Even if the "BAD" actor gains traction. It will be short lived.
521.
Post 10145576 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by
https://megabigpower.com/ running new Bitfury hardware.
The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves.
As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal?
What's a 'reversal'
Market Reversals And How To Spot Them
By Matt Blackman
It was complicated. Reads like a bull trap
It is an important tool used by many bears.
A ten-day pattern followed by a bull trap?
Key point to note from Matt Blackman's hand book.
"Timing trades to enter at market bottoms and exit at tops will always involve risk, no matter which way you slice it. But techniques like the sushi roll, outside reversal week and rolling inside/outside reversal, when used in conjunction with a confirmation indicator, can be very useful trading strategies to help the trader maximize and protect his or her hard-won earnings."
522.
Post 10145810 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
The good news is that the network distribution is well balanced.
Weeeelll, yes,
all the top 4 companies would have to collude in order to launch a 51% attack (e.g. to take 100% of the rewards, by ignoring blocks mined by other miners and thus orphaning them).
indeed and then loose the faith of the community and go bankrupt for what?
People that adopt BTC as a trading platform should understand that many Bitcoin participants from all over the world with great minds are working on the tech satisfy ego, rather then the speculative opportunities.
Can you quantify that 'faith of the community' in dollars? Starting from: what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?
AFAIK, the only way to tell whether a 'starving attack' is going on would be this chart
https://blockchain.info/charts/n-orphaned-blocks?showDataPoints=false×pan=&show_header=true&daysAverageString=56&scale=0(Note that it is smoothed by 56-day running averaging, check the URL). It shows that one found block gets discarded every 16 hours or so (because the next block found does not use it as parent). Note the chart is zero before Mar/2014; I don't know whether the count was really zero, or just there is no data for that period.
Anywy, these orphan blocks may be just accidents, or maybe some miner is doing something like Sirer's selfish mining attack.
If a coalition with 60% of the hashpower were really trying to steal an unfair share of the rewards, we probably would see many more orphan blocks. Or maybe not, I don't know. Perhaps the coalition (that could deploy thousands of relay nodes of their own) would find a way to cloak the attack and/or hide the identity of the attackers.
"what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?"
From what it I have read you may be mistaken about what I find valuable in this technology and the network.
To me the value is what you send and what the other party receives is 100% verified by 3rd party participants and I can't not say the same for ripple as it is centralized in its inception.
Sure I am for profit yet it is not my primary motivation.
However as far as the bitcoin protocol, the block chain, and the network strength is the only other factor that is vital for the operation of the bitcoin crypto and to use it how you feel. As far as a means of currency when used to purchase rather then "HOLD" USD EURO CAD and BTC the "Value" is not a factor unless you are a miner motivation by profit.
Many bitcoin miners myself included have donated our cpu/gpu and fpga cycles to distributed computing with little reward.
That truth is something many speculators here fail to grasp.
THE technology is.
IT has been proven that the simplest way to "CHEAT" anyone using any currency including bitcoin is by use of social engineering partnered with cleverly crafted scams so as to profit from others lapse in judgment.
523.
Post 10145931 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
What are [the "trolls"] gonna do with their lives if Bitcoin really does die?...
I don't think that bitcoin will die so soon. Bitcoin does not need to be worth more than 0.10$ to fullfill its purpose of a proof of concept, and will find plenty of volunteers to keep it running, even at that price.
What
may die is the economy that was built on top of it, that assumed it would
replace national currencies replace paypal replace Western Union become the 'gold backing' for a multitude of better altcoins.
Everyone will lose interest in this and every other public forum. The next crypto will be supported and premined by central banks. There will be nobody that cares about your trolling then.
There are serious trust issues that are inevitable with your suggested solution. Employee theft is a reality and under such controls they would have a field day.
However I can see them using "bitcoin" as a trusted communication tool between large institutional banks.
524.
Post 10146025 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.
If you want people to take you seriously, you need to improve your written english.
Threw /= Through (I know they sound the same).
You sort "the wheat from the chaff" (chaff is the hull of the wheat which is not digestible in humans but is often used for livestock fodder)
I appreciate your candid remark, English is not my first language.
525.
Post 10146085 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
To me the value is what you send and what the other party receives is 100% verified by 3rd party participants and I can't not say the same for ripple as it is centralized in its inception.
I'm just gonna step in and say that while the ripple network requires some degree of counter-party risk with gateways to move any currency in the network, XRP (its native currency) is 100% decentralised like BTC. Only its distribution is centralised, aside from that, to send XRPs around it's basically the same thing as BTC, but without POW and instantly.
But again, most of the time the counter-party free aspect of bitcoin is mostly related to the privacy-paranoia vague narratives of bitcoin in the first place.
What you say is true along with it's own challenges that given time will succeed as a medium to help move the banking institutions into this technology space.
At present it has specialized use of the crypto technology with little flexibility for other use.
526.
Post 10146094 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?
From what it I have read you may be mistaken about what I find valuable in this technology and the network.
I know that there are people who care for bitcoin for "ideological" reasons, and would get very upset about any deviation from what they perceive as the "core values" of the project. (Mircea Popescu's "war declaration" about increasing the block size is an example of that.)
However, I believe that the ideologues are a very small fraction of the people involved in the bicoin "industry", and have very little power over it -- economic, computational, or managerial. I believe that the vast majority of the bitcoiners (say, 99.9%) do not care about those "core values", and would not be upset if they are violated. On the contrary, the major players would use their economic power to convince everyody that the violations are unimportant, or even good for bitcoin.
In fact, I believe that many of the "ideological" supporters would choose to conform to some violations of the principles, rather than see the project collapse because of "civil war".
I see that already happening now, about the centralization of mining. True believers should have committed suicide the moment that GHash.io got more than 50% of the hashpower. Instead, people preferred to believe the argument that a majority miner (or coalition of 4-5 miners) would never want do any of the naughty things that it could do, because of "the incentives"; and just carried on.
One can't factor out the human trait of greed and ego.
527.
Post 10146297 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
There is a risk that if too many miners go offline block creation may stall.
The bitcoin source code has a max difficulty adjustment up or down of 4x from previous difficulty.
At most the effects would be short lived.
The reality is those with older hardware may soon retire the use of them and be unable to afford the next generation due to costs.
However many people that are choosing to enter the project may offset the issue.
528.
Post 10146492 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
Wow things are not looking well...
Maybe it's time to finally get my coins out of cold storage... (not sure if I want to though as I have to put all money on exchange. If it were to somehow get hacked agani, I'll be fucked..)
I have imputed a 20% reduction in difficulty over an extended 21.4 day period between re-targets and these are the results at $100 and $200 using Bitmain 30xS3 as an example.
Please feel free to point out any issues with the equation.
BTC@$100 USD
BTC@$200 USD
529.
Post 10146541 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
I doubt it will be a problem. The retarget might be steep, but to be honest miners are an exceptionally irrational bunch. Moreso than catcoin.
Besides, it's winter in the northern hemisphere and Bitcoin would have to go a lot lower before the value of the heat generated by a miner loses it's edge over natural gas.
Personally I am not convinced there is a need to adjust the Bitcoin difficulty re-target %. This opens up a business opportunity for payment processors for those transactions that just can't wait.
530.
Post 10146589 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
Support is barely holding w no volume. Looks like massive breakdown will ensue
Its been 2 hours since the volume has subsided.
Seems people have halted the aggressive trading.
2Hour Volume Now
Daily Volume Now
Daily Volume 2 Hours ago.
531.
Post 10146607 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
I doubt it will be a problem. The retarget might be steep, but to be honest miners are an exceptionally irrational bunch. Moreso than catcoin.
Besides, it's winter in the northern hemisphere and Bitcoin would have to go a lot lower before the value of the heat generated by a miner loses it's edge over natural gas.
But it is a huge pain to send bitcoins when you want to use them as soon as possible. If you need 3-6 confirmations you could get stuck for few hours.
When we had that small issue back in 2013 many exchanged BTC to LTC at exchanges and used that for the 6 or so hours.
LTC does have a place.
532.
Post 10146957 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
533.
Post 10147562 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
534.
Post 10147631 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
535.
Post 10147736 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
2015 Unfortunately.
536.
Post 10152803 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
537.
Post 10156962 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.48h):
538.
Post 10159091 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
Needs a push?
539.
Post 10164195 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
540.
Post 10165512 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
541.
Post 10165662 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
For those who may have missed it. Compilation of hardware difficulty at $200usd with power cost of $0.10 kwh
542.
Post 10165726 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
Bitcoin is a useless shitcoin. There are better alt coins.
Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing.
It feels so good having bought all these cheap coins at 170. Please let me know if they were yours so i can personally thank you.
One thing is certain here, the moron bought exactly 0 BTC. This guy is even more annoying/stupid than any troll/bear/bulltard/regular bull combined.
I have him on ignore. At least they are open and transparent. Clearly a selfish individual.
543.
Post 10165864 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
as a miner who pays 0.06 $ / kWh I look forward to some serious difficulty adjustments downwards.
Here is your results at your power rate.
It seems you should be ok even at $150 USD per BTC
Results at $200 USD and power rates at $0.06 kWh
Results at $150 USD and power rates at $0.06 kWh
544.
Post 10166370 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
545.
Post 10166473 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
Is there anything specific you want to point to?
Pay attention to the "walls" as the get pulled vs the 2 hour volume.
This also serves as a historic record of events.
546.
Post 10166499 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !
How can mining company still be running right now ?
if your power rate and overhead are low you can still make profit at $150 USD per BTC
Results at $200 USD and power rates at $0.06 kWh
Results at $150 USD and power rates at $0.06 kWh
547.
Post 10166651 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !
How can mining company still be running right now ?
just a question of energy-costs.
bitcoin would have to fall at sub 20$ to get the first big mining companies to quit mining cause of energy-cost problems.
That is incorrect, at $100 even with free electricity and no property costs there would be a loss incurred from the varience that some times can remain low for weeks.
548.
Post 10168532 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.49h):
Is there anything specific you want to point to?
Pay attention to the "walls" as the get pulled vs the 2 hour volume.
This also serves as a historic record of events.
can you stay on topic please.
WALL
Pop
549.
Post 10171256 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
550.
Post 10180193 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
For my own sake, I hope bitcoin will at least double in a week or two. For Bitcoins sake I hope it will stay around 200-220 until mass adoption is a confirmed.
Why not $100 ?
Why not 10, 0, - 10, -100 $ ?
Value
551.
Post 10183120 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
Should we start a count down?
10
552.
Post 10183142 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
9
553.
Post 10183152 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
8
Come on who is next in the chain?
554.
Post 10183261 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
Next Target?
555.
Post 10183362 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
I think this is a compromised wallet device.
556.
Post 10185507 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
557.
Post 10185599 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.50h):
Last 24 hours. Hmm...
558.
Post 10217968 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.51h):
Free market. Stop crying. This is what Bitcoiners want.
Conflict of interest happens even on traditional platforms.
However a decentralized exchange would solve this age old issue.
Phil G. Potter is a major stakeholder of Bitfinex and has administrative access to the backend platform including direct access to the database and is often present on a teamspeak voice channel where around 200 trader chat and share trading analysis.
Yesterday he was asked if he trades on his own platform Bitfinex, to which he replied yes. He was then grilled "don't you think that is a conflict of interests because you have special access to the platform?" - that is, he can see things normal traders cannot, like hidden orders, the size of everyone's accounts, the open margin positions of accounts, exact trading activity of each user, how much USD is flowing into and out of the exchange (he would have the competitive advantage of knowing when big players are feeling bullish). All of this gives a huge competitive advantage.
After this questions, he tried to back-pedal but made it worse by trying to justify it by saying because he is an early adopter (meaning he has a lot of coins and qualifies as a whale) he "only trades a little bit here and there".
Personally, I think it's disgusting. If he wants to trade ethically he should be trading on an exchange to which he doesn't have insider information and direct access to the database, or better still, don't trade. The revenue he makes from the exchange fees should be compensation enough.
Footnote: you can listen in to teamspeak on
http://vaughnlive.tv/whaleclub or connect using Teamspeak to desticraft.fr:9988
559.
Post 10219971 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.51h):
560.
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561.
Post 10234339 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.51h):
"
https://blog.gemini.com/welcome-to-gemini/" moonmoon time?
"January 23, 2015
Today, my brother Tyler and I are proud to announce Gemini: a next generation bitcoin exchange. What exactly do we mean by “next generation”? We mean a fully regulated, fully compliant, New York-based bitcoin exchange for both individuals and institutions alike. Why? Because it’s about time."
"We are also thrilled to announce that we have secured a banking relationship with a New York State-chartered bank. This means that your money will never leave the country. It also means that US dollars on Gemini will be eligible for FDIC insurance and held by a US-regulated bank. "
I sure hope the decentralized open source Bitsquare decentralized exchange project will keep going as well.
562.
Post 10241366 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
563.
Post 10242922 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchangeNews is going mainstream.
"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."
564.
Post 10242974 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchangeNews is going mainstream.
"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."
Why is only theverge publishing it?
Nothing on coindesk crypto news etc, and nothing about it in any reputable media.
Its going places .... Coindesk was one of the first to publish.
Winklevoss Twins Plan Regulated US Bitcoin Exchange
Jon Southurst (@southtopia) | Published on January 23, 2015 at 10:40 GMT
http://www.coindesk.com/winklevoss-twins-plan-regulated-us-bitcoin-exchange"Chief compliance officer for the new exchange is Michael Breu, former head of information security in the research department at hedge fund Bridgewater Associates. Chief security officer Cem Paya comes from the same position at Airbnb.
Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."
565.
Post 10243164 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."
Hmm... FDIC only insures bank deposits against
bank failures, isn't that so?
If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did). Isn't that so?
"FDIC insurance covers all deposit accounts, including:
Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."
As with traditional exchanges what they insure is the balance in USD and not the products.
This permits mom and pop to move 25k in RRSP 401k and other funding options.
This is huge.
566.
Post 10243501 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
"please dont leak this video"....
....
"leaked"...
He posted it on his twitter feed. It's fair game.
SKYPE? REALY? You know that this will basically expose all those who have been in contact with him.
567.
Post 10244094 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
We have a major Bull problem, the market is going up and toward the moon.
If you could put a value maybe 310 and then retract a bit and then up again?
568.
Post 10247338 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
$250-$280 tonight? or is that for next week. Monday to Wednesday?
569.
Post 10247625 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
570.
Post 10247798 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
571.
Post 10247906 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
572.
Post 10248209 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
573.
Post 10248308 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
5% mark reached. will we gain another 5% before a little correction?
574.
Post 10248492 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
575.
Post 10249993 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
BTC past $250 & LTC past $2 tonight?
576.
Post 10250102 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
577.
Post 10250172 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
2013 Was such a good year.
578.
Post 10250293 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
579.
Post 10250403 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
580.
Post 10250436 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
Is it safe to buy? Is it going up forever now? Please confirm that its not a scam to lure me in.
I know seems too good to be true.
Maybe buy if it goes down?
581.
Post 10250494 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
going back up.
582.
Post 10250641 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
583.
Post 10250670 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
Now price needs to double before we really start to be out of the woods.
Would be disappointing if this was another pump and dump.
it may be.... however in the next weeks that should be a rare thing.
584.
Post 10250759 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
585.
Post 10250862 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
586.
Post 10251209 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
587.
Post 10254287 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
Steady.
588.
Post 10254858 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
589.
Post 10255108 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
590.
Post 10258256 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
What should we expect in the next 24 hours.
591.
Post 10259578 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641"Coinbase’s founders say they have been working for five months to win licenses from state financial regulators. They have regulatory approval in half of U.S. states, including large population centers like New York and California"
592.
Post 10259681 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
593.
Post 10259821 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
594.
Post 10260485 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
LTC Moving...
595.
Post 10260566 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
596.
Post 10260746 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
Holding strong.
597.
Post 10260768 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
LTC seems to be wanting to hit the $2.8 target.
598.
Post 10260795 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
Down with Litecoin!
going up to 15 some say 20.
What you think?
599.
Post 10260897 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
600.
Post 10260974 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
601.
Post 10261134 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
602.
Post 10261518 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.52h):
603.
Post 10262394 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
And of course, my $289 sell order that I pulled would of been perfect
Always this shit...
Dont worry you'll probably get another chance to sell at 289 on the next surge upwards
At which point he will be gagging to re-buy at $310
wow
https://www.youtube.com/watch?v=WBsxLMCA8R8
604.
Post 10263472 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
Aw c'mon now! No dead cat bounce comments?
Maybe to $250?
605.
Post 10265642 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
606.
Post 10266270 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
Calm before the storm. January 26 2015 8:42AM EST
607.
Post 10269002 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
If we can get topside of 300 again today or tomorrow, that would strike a lot of confidence for people for a bull market
SO true.
608.
Post 10270315 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
Calm before the storm this morning 8:45AM
Aftermath 14:45PM
Seems that the floor has been found and tested.
609.
Post 10271092 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
No news - Pump to the moon!
Probably new money wires coming into places and such.
Hopefully Coinbase is done taking their profits on that rocket ship website and maybe throw a $1 million or two @ it of investors funds to restore market confidence.
If we get above $300 again today that'd be HUGE.
So by coinbase manipulating the price upwards again, investor confidence will be restored?
Its just getting bought by people hoping for that to 270 and dropping over and over until we get back to 250 (at least i hope we stop there, or go up for real of course)
These would be accredited investors if their the institutional types. Meaning they can Write off losses and not flinch.
610.
Post 10271513 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
Not much to stop 266 falling, but more around 250.
I think the market is vulnerable to a dump as BJA says, but let's see what happens when China wakes up.
Have bids around 235 in case. More fiat for 220 or lower.
Only people left with any QTY of USD and BTC are those that want to profit from bitcoin (USD) or gain more coins (BTC)
The pump and dump peeps have sailed.
611.
Post 10271869 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.53h):
25% up today? Is that possible?
612.
Post 10294213 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
YES PRICE DOES NOT MATTER
Ok, lets crash to sub 25 dollar.
Let's not
You don't want cheap coins?
I'm happy with my stash.
I don't want it to drop low because there wouldn't be any guarantee it'd rise again.
Most feel that way.
Only those who have nothing to loose push it lower.
People from BTC-e are making loads of money with the idiots from Stamp.
$15-$20 per Bitcoin.
There is a limit on the number of BTC you can withdraw a day on btc-e
613.
Post 10296189 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
614.
Post 10298807 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
If you folks have any sense you'd pull all your coins off the exchanges 'cos someones running fractional reserve, over 10k dumped and no movement on days destroyed and only a couple of k's worth of dollar swaps pulled. No excuse for lack of transparency on exchanges, if others can run with transparency and user controlled wallets then what do they have to hide? If you're not asking that you're irresponsible with your coins and deserve to lose them. I'd suggest stopping trading on the first of every month and pulling coins to drive out the bad actors.
Excatly, don't trade, just hodl.
They will force btc down while push the btc/altcoin up.
When ready to move btc up theb btc/altcoin will drop.
They are using ltc. So do not sell btc for ltc.
615.
Post 10298870 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
6300 to 220 @ Finex
Cmon finex traders, show you balls and push china higher this time. Enough of their bear games
The plan is to creep sideways and slightly down so that short sellers will take positions and then we're gonna pump 'til we squeeze 'em.
I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.
I wouldn't dare to open a long position (leveraged) in the current market. Doing so screams for an accident waiting to happen. Going in now is fine, but for the love of Satoshi, please not on leverage!
This has been exploited by malicious actor's back when btc was worth $6 to $9
616.
Post 10299896 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Stop trading on leverage.
Seems the next few days up until Feb 1 there will be an attempt to lower BTC value in order to move unsold LTC into BTC followed by a pump of BTC and dump.
BTC-e and BITFINEX Push LTC BTC to LTC Value up and keep BTC USD Value down by Selling on the following exchanges for CNY.
https://bitcoinwisdom.com/markets/btce/ltcbtc https://bitcoinwisdom.com/markets/bitfinex/ltcbtc
Houbi LTC/CNY
https://bitcoinwisdom.com/markets/huobi/ltccny OKCoin LTC/CNY
https://bitcoinwisdom.com/markets/okcoin/ltccny If you see the trend reverse do not expect to easily sell ltc for btc because many bots will be outbidding you so you.
You will know when that starts and there being a up down cycle on OKCoin Houbi keeping LTC / USD Values low as BTC / USD values goes up and you will notice that the BTC/LTC price difference between BTC-e -5% and Bitfinex +5%.
Hope this helps.
617.
Post 10300251 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Seems the next few days up until Feb 1 there will be an attempt to lower BTC value in order to move unsold LTC into BTC followed by a pump of BTC and dump.
BTC-e and BITFINEX Push LTC BTC to LTC Value up and keep BTC USD Value down by Selling on the following exchanges for CNY.
If you see the trend reverse do not expect to easily sell ltc for btc because many bots will be outbidding you so you.
You will know when that starts and there being a up down cycle on OKCoin Houbi keeping LTC / USD Values low as BTC / USD values goes up and you will notice that the BTC/LTC price difference between BTC-e -5% and Bitfinex +5%.
Sorry, but I don't fully get what you are saying. Seems to me you say: 'there are big traders, they have BTC and LTC, and they want to switch their LTC to BTC. '
But I don't really get the mechanism. Are the Chinese LTC/CNY traders so easily influenced by the LTC/BTC ratio on other exchanges? Isn't the BTC/USD market much bigger than LTC/USD and LTC/BTC market? Does it make sense volume/reward wise to try to manipulate the market like this?
Yes.
And they will dump ltc for btc and force ltc usd from moving up. While they push the price up of btc/usd and the sell BTC/usd at their target high.
Best way to liquidate LTC at higher return.
618.
Post 10300327 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Wow no resistance into 230
Bears sleeping now ?
I don't normally make it my mission to spell trends and market movements/manipulation.
However this has to be exposed for what it is.
619.
Post 10300466 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Wow no resistance into 230
Bears sleeping now ?
It's called a pump. A lot of people like Inca will get totally excited and think it's happening for real this time. They will quickly start buying because we'll never see these prices again. Once the losers bought and the price is 30 bucks higher the whales will dump straight in their face.
Yes, it's a crazy concept. Very difficult. Let me know if i need to explain it in more detail.
If we push past 230 you 250 280 then the manipulators will loose big time. They will do everything they can to keep it low As their target down has not been met.
Edit even come here and spread FUD
620.
Post 10300568 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
this will be an interesting few days, hopefully we find out where we go
You really have to wonder where we are going? 13 months of going down didn't give you an idea yet?
You mean, 6 years of going up from zero.
Sure. Keep telling yourself that everything is looking great and this is anything else than a useless pump and dump coin being raped by traders.
Results speak for themselves.
621.
Post 10300634 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Wow no resistance into 230
Bears sleeping now ?
It's called a pump. A lot of people like Inca will get totally excited and think it's happening for real this time. They will quickly start buying because we'll never see these prices again. Once the losers bought and the price is 30 bucks higher the whales will dump straight in their face.
Yes, it's a crazy concept. Very difficult. Let me know if i need to explain it in more detail.
If we push past 230 you 250 280 then the manipulators will loose big time. They will do everything they can to keep it low As their target down has not been met.
Edit even come here and spread FUD
Don't be foolish, the same pattern has happened every day since monday. We go down after 9am est, someone pumps it up slightly mid day, then we go down more towards the evening, than when China wakes up we reach a new daily low.
Its when people go bad that the shtf. Its called Collusion...
STOP trading with leverage.Like this fellow.
https://mobile.twitter.com/AdamGuerbuezhttp://www.youtube.com/watch?v=WBsxLMCA8R8
622.
Post 10300776 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
west: pump!!! break it!!!
china: nope
LTC/CNY goes down LTC/BTC Goes up BTC/USD goes down. LTC/CNY goes up to get more people to trade btc for ltc, and keep the LTC/USD price at a target. Then they take the BTC and sell for USD once they hit their target pump.
when LTC/USD is stalled and LTC/BTC Drops then you know bots are selling LTC for BTC and getting ready for a BTC/USD Pump
Edit. For those who may wish to use this layout the id # is 1297
623.
Post 10301088 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Do not trade with leverage.
Market manipulators have colluded to push btc price down in order to liquidate LTC and other alts at a higher return by then pumping BTC/USD while holding LTC/USD at their manipulated rate.
Read my recent post history for more info.
624.
Post 10301257 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Do not trade with leverage.
Market manipulators have colluded to push btc price down in order to liquidate LTC and other alts at a higher return by then pumping BTC/USD while holding LTC/USD at their manipulated rate.
Read my recent post history for more info.
u know the guy who made LTC now works for coinbase right ??
Yes indeed. However he alone is not to blame for the events. This is not only an LTC they use other alts. It just so happends that they are using ltc as it has momentum is not news, however I welcome you sharing.
625.
Post 10301283 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
You're completely delusional.
I spent 1 minute looking at your post history, looks like you may be bitter because you tried to sell drugs with bitcoin at one time but failed running a business and had to shut it down.
Hopefully you won't give up so quickly , and keep trying to be successful in the future rather than trolling people in this thread.
Best of luck in the future.
If you looked back at my posting history you'd see that i have nothing to do with the original account holder and that this account since then is used by several people. Which i have explained 10 times already.
Sorry Shroomsy, but I find this argument highly unlikely. Why would you take over some else his account, and not make a new one yourself? It all sounds a bit too accidental if you ask me. I normally always read your comments, even though you seem to be highly aggressive to just about everyone that doesn't share your (trolling) opinion, but at this point even I am finally questioning your state of mind. You've been called bipolar before, and at this point I'm wondering whether its true.
The way you seem to bite at everyone, even though this topic is filled with permabulls, reminds me of someone that is clearly not right in the head. The magic word for you seems to be 'delusional' , which you use at random in demonizing every person that simply does not agree with you. I wonder what it is that thrives you, as people in turn seem to be really ridiculing you for it. I mean: it's not like you can change anything here, as the permabulls that believe the moon is real will simply keep believing it regardless.
Why? Why come back here and try to convince people that Bitcoin will die on such short notice? They already know your opinion, so why repeat it ad nauseum?
This account has been abused enough. I'm gonna change the pass so the others can't access it anymore and log out.
I might be back on my real username. Who knows. Bye.
Quoted for historical purpose.
626.
Post 10301380 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
west: pump!!! break it!!!
china: nope
LTC/CNY goes down LTC/BTC Goes up BTC/USD goes down. LTC/CNY goes up to get more people to trade btc for ltc, and keep the LTC/USD price at a target. Then they take the BTC and sell for USD once they hit their target pump.
when LTC/USD is stalled and LTC/BTC Drops then you know bots are selling LTC for BTC and getting ready for a BTC/USD Pump
Edit. For those who may wish to use this layout the id # is 1297
Very interesting
Since we just had a small pump which has stalled, we should be expecting a drop very soon
The manipulators want it to go down and not up Not yet.
They still need ti dump ltc for btc. Target price may be 2.2 ltc/usd and 0.88ltc/btc.
However if you think you will liquidate ltc to btc faster without taking a hit against there bots then you will not be happy.
Edit. We are pushing past their target high.
627.
Post 10301905 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Dream on. Totaly different technology that is using NFC to simplify the process. articles like these are used by players like you and a select group trying to help push down the price with fud.
628.
Post 10302000 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
The manipulators want it to go down and not up Not yet.
They still need ti dump ltc for btc. Target price may be 2.2 ltc/usd and 0.88ltc/btc.
However if you think you will liquidate ltc to btc faster without taking a hit against there bots then you will not be happy.
Please provide proof of this if you're going to speculate every page.
You should read over my posts more.
629.
Post 10302199 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
You should read over my posts more.
I have, but unless you have insider info about this it's nothing more than making up a story without facts to back it up.
The reason I ask is that I know a bunch of guys who are bullish ltc/btc. It's not part of a conspiracy to pump the price, it's simply that 4 critical SMAs are about to cross, similar to before last November's bull market. Nothing more.
I do not have insider information apart what has been leaked Publicly if you have been trading since the 24th.
Please understand that the ltc/btc is real and has happened this weekend and escalated on sunday.
Also realize that you are posting in the speculation wall thread. We share our observations here.
Therr is also a post made yesturday night that had BTCe chart price targets up untill sunday. Does that make it real? time will tell. It may become a self fullfillingproficiency.
http://www.matlabtrading.net/main/2014/08/14/bitfinex-margin-call-cascade-algorithm-explained/ Bitfinex is running an algorithm to handle the margin calls. The algorithm starts selling but limits itself to a 10% drop in prices within 1 minute. If prices drop more than 10% in 1 minute it will stop selling and wait for buy orders to come in. Once there are again a certain amount of buy orders in the orderbook the algorithm starts selling again until all margin calls are met.
Edit: LeMogawai was the first to point this out in this post and it matches my personal observation at the time of the event.
This seems to be an interesting way to deal with cascading margin calls but can also be considered as borderline market manipulation from the exchange side. By spreading out the sell orders over time the downwards momentum is reduced, however traders end up trading against the exchange itself and not the market anymore. The exchange has an informational advantage at that point and is therefore more likely to profit than the traders. Fortunately, this only lasted for about 10 minutes after which control was given back to the market.
Edit:
630.
Post 10302418 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Price getting higher than I expectd
Bears gone ?
The chinese panic dump game was getting too easy. Market decided to slap them around a bit. Maybe we can see a bit of chinese panic pump soon.
Unless they are manipulating again to make it appear that way
631.
Post 10302464 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Notice how LTC USD price on BTCe is holding but yhe LTC/BTC is going up? As btc/usd is being tested. If you pay attention to the volume It becomes apparent
This is a simple observation and I hope the effect will enable critical thinking rather then giving way to irrationality by a few manipulators colluding together.
632.
Post 10302712 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
633.
Post 10302765 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Shorts gonna get slaughtered
AVOID trading with leverage.
230pm EST
200pm EST
From what I know this is exchange does now have leverage.
Edit: disclaimer I own shared of cavirtex.com
634.
Post 10302857 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Notice how LTC USD price on BTCe is holding but yhe LTC/BTC is going up? As btc/usd is being tested. If you pay attention to the volume It becomes apparent
Sitarow - You seem to have some accurate understanding of how the market is currently operating. I think I'm slowly grasping what you are suggestions but still struggling a bit and want to see if I can confirm this theory. So the price of USD/BTC is pushed higher in value by using the sale of
BTC/CNY and USD When USD/BTC hits the sufficient peak the corresponding price of BTC/LTC is low, so the funds are transferred into this commodity, which in turn once again starts the rise of LTC to BTC and LTC/USD. Then this cycle continues? Basically washing ltc/usd gains in and out of btc/usd to continuously increase holdings by having the two commodities face off against one another. Is this a near accurate grasp? And you are suggesting that you can see
the patterns that start on the chinese exchanges and then finish on btce and so when btce and Bitfinex is at the highest,
The target set by those pumping take average 30mins to an hour one it is started. You can tell when the volume LTC sold for/BTC starts going up and LTC/BTC value goesb down because LTC/USD is artificially pushed down by those selling LTC/CNY on OKCoin and LTC/USD on BTC-e. After the pump and drop the cycle is already complete and or too late to try and join the game. Rinse repeat? Thanks for any insight you can help provide.
That is a fair assessment. However the problem is not LTC or BTC but the manipulators that have colluded to push on all fronts. I made money 1k on Saturday taking advantage of the arbitrage, however after the pumps many including claimed that the price would decline.
It was stalled when huobi went offline Yesturday.
The LTC/BTC trading on BTCe halted 30mins before the lunar coinbase timer stopped and then the target lows were dictated at the time to the $ on the troll box on btce.
So that has been my observation.
Edit: Don't try to move 10k LTC/BTC on BTCe without a bot.
Oh I forgot to add that on sunday 25th those who traded BTC for LTC the btc would be sold at market rate around $255 BTC/USD prior to the pump in order to keep the price low Or it would go up in value 0.01 far to fast for the other exchanges to manage.
635.
Post 10303133 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
yes, impressive numbers on bitfinex.
too bad those are only numbers.
gentlmen, please place your bids where it really matters, like stamp.
thank you.
For your own safety don't trade with leverage.
636.
Post 10303221 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
yes, impressive numbers on bitfinex.
too bad those are only numbers.
gentlmen, please place your bids where it really matters, like stamp.
thank you.
For your own safety don't trade with leverage.
you mean on places where you are trading against the exchange operators?
The market as awhole is being influenced by the bots being pushed around. So even clean exchanges will be following the trend.
To prevent this on traditional platforms they put in circuit breakers to halt trading. Huobi attempted such a stratigy yesturday and stopped the drop untill it came back online.
637.
Post 10303285 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Chartbuddy, since you're already expanding your wall overview, could you also add BTC-e?
Yet another exchange with hidden reserves, ie. another potential Goxing. If other exchanges can verify their reserves what are these hiding? If its not on the blockchain its just meaningless numbers.
However moving patterns still work. Yet nothing is more efficient than an algorithm to alert of these moves.
638.
Post 10303331 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
wall has increased on finex by over 15% in the last 2 hours
ohh dat wall
Is this all the cash that was made dumping all those coins yesterday trying to induce a panic?
I hope they panic buy back in.
If BTC/USD price moves past 250 and they will.
Two ways. One buy alot of ltc with fiat. Not going to happrn. Or buy btc with fiat. They will have to permit the LTC/USD to go up or permit BTC/LTC to drop and their scheme to tank btc will not permit that without incurring a serious loss.
639.
Post 10303494 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Speaking of BOTs seems when they are most active is when to expect the market to move.
640.
Post 10303534 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
641.
Post 10303772 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
642.
Post 10303841 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
420pm
430pm
643.
Post 10303901 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Isn't that from 3-4 months back when paypal announced it . Or is it something new ?
Braintree recently launched their SDK for Bitcoin payment processing and PayPal won't be far behind.
644.
Post 10304040 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
I'm not looking forward to China waking up
458pm
500pm
511pm
513pm
519pm
525pm
This time yesterday is when they pushed it down to 215-220 at BTC-e rasing the BTC/LTC price up.
504pm EST
505pm EST
645.
Post 10304327 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
How Bitcoin has managed to bounce around $200 for so long is beyond me.
When people stop trading on leverage things tend to go up slow and steady and stay there.
646.
Post 10304527 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Don't trade with leverage.
5:44pm EST
5:50pm EST
6:38pm EST
647.
Post 10304838 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Chinese should be waking up now. Wonder what they plan to do
Seems like they're going to dump. Wonder how long before the finex buy walls disappear.
If those disappear, it will be immediatly as those buy walls are fake as has been seen my multiple people in this thread today. We are nearing 8 AM China Time, so if there's gonna be a move it will be there in the next 60 to 90 minutes. I already see some careful movement downwards, just the way the other dumps started before the 8 AM mark.
am i the only one feeling bullish?
No. The downward movements on low volume are just stop hunting. Had the same fakeouts (only in reverse) last time we consolidated out. It's how whales take position.
6:42pm EST
6:49PM EST
7:00pm EST
7:05pm EST
7:10pm EST
7:42pm EST
7:44pm EST
7:55pm EST
8:03pm EST
8:20pm EST
648.
Post 10305353 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Well someone has deleted their post
649.
Post 10305634 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
http://imgur.com/r/Bitcoin/2w0GREJhttps://www.youtube.com/watch?v=LnBAp_G3SyA <-- Many think Smiles are accepted as payment
Be ready
FYI I don't think its BTC related. It should be noted that the Ronald McDonald House Charities accept bitcoin for donations through a partnership with Bitpay.
9:14PM
650.
Post 10307112 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
2:14AM EST 2015/01/30
2:24AM EST 2015/01/30
2:46AM EST 2015/01/30
2:50AM EST 2015/01/30
2:55AM EST 2015/01/30 BTC-e LTC/BTC
2:57AM EST 2015/01/30
3:02AM EST 2015/01/30
It is good to see LTC/USD was being permitted to rise however the "market" or those hopeing to sell LTC for top dallar are still using BTC/LTC BTC/USD and LTC/CNY has been used to push BTC down.
Also back when BTC was 600+ in 2013 shortly after altccoins like DOGE is when you noticed this same behaviour.
2:14AM EST 2015/01/30
Note: You can still use DOGE and DRK for this trick on a larger scale however LTC still is king.
3:05AM EST 2015/01/30
3:09AM EST 2015/01/30
3:12AM EST 2015/01/30
3:12AM EST 2015/01/30
3:20AM EST 2015/01/30
3:24AM EST 2015/01/30
This is only possible because most people don't recognize the true value of BTC and are looking for the next "get rich coin".
"Do not trade on leverage in this market"
Bots and leverage on exchanges with out transparency is not a good mix.
http://www.coindesk.com/margin-trading-crash-price-bitcoin/This theory, perhaps most notably posed by Raffael Danielli, posits that out-of-control margin trading caused a flash crash in at least one major bitcoin exchange market, a development that had a cascading effect across the larger bitcoin market.
"BITCOIN PRICE MANIPULATION ON CENTRALIZED EXCHANGES SEEMS COORDINATED"
https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down – they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they’d consider the very people who sustain the Bitcoin network, namely Bitcoin miners who, below $400, likely operate at a loss. Exchange clients and miners get whatever is happening in the busiest exchange. The exchanges’ arbitrage-bots equalize prices between one another. Miners – you’re the backbone of this innovation. Cryptomonkeys – you think you’re trading – but your centralized exchange rides you bare-back.
651.
Post 10307275 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Its hilarious how quiet this thread goes when the price is rising compared to when it falls $10. Just trolls left = confirmed.
10,000 pages ago there actually were interesting posts where people were really analyzing TA and tossing ideas around. Now the best we have is TL;DR walls of text from concern trolls. Lately they've been coming for /r/bitcoinmarkets too.
It's pretty bad. I'm not going to post any TA unless newbie jail is brought back. This is the most popular thread on the forum and quality posts get shit on day in and day out from these shills with nothing to contribute.
I don't think the newbie jail will change much. These are economically motivated posters who are being allowed to deliberately deface the forum and discredit bitcoin in any way possible. They state openly they want to destroy bitcoin and then proceed to do everything in their (limited) power to bring that about. Posters that have previously been banned from the forum (Atlas and Goat spring to mind) were orders of magnitude less offensive (I found both quite entertaining and interesting tbh).
These guys are just cretins who have zero to contribute, their 'criticisms' are the usual baseless lies, FUD and misinformation that have been thoroughly refuted here over 4 years ago, yet all they do is repeat the same ad nauseum (a tool of propaganda). I've seen exactly the same modus operandi on other investing sites, which apparently bitcointalk has become in parts, and they will destroy this forum if they are allowed to run amok as they have been so far. They should have been banned long ago ... theymos and mods need to grow a backbone and realise what is happening, and soon.
In the end, censorship by the government is always the solution.
I knew it.
Hmm...Censorship
I think marcus is right...
But It is not censorship the thread/forum needs but reasoned moderating, I like a joke as much as the next guy, but...... there is the obvious is obvious trolling, aggressive, insult hurling trolling, constant repetitive trolling. That has got little to do with freedom of speech, that is more like verbal abuse
Honestly newbies are important and their input is important, however in the past if a child disrespected another person there would be consequences, usually resulted in their removal.
652.
Post 10307446 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Update 3:34AM
3:56AM EST
4AM EST 2015/01/30
4:10AM EST 2015/01/30
4:26AM EST 2015/01/30
4:28AM EST 2015/01/30
4:30AM EST 2015/01/30
4:33AM EST 2015/01/30
653.
Post 10307507 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
From the source:
http://www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.htmlOn January 26, 2015, Coinbase announced that it launched the first regulated Bitcoin Exchange in the United States, and that it is licensed to do business in 25 states, including New York and California. Coinbase's statement may have artificially inflated the price of Bitcoins as the cybercurrency rose to $263. However, it was later revealed by New York's Department of Financial Services and California's Department of Business Oversight that Coinbase did not have the licenses necessary to operate as a Bitcoin Exchange in New York or California. Following this announcement, the price of a Bitcoin fell to $233.
If this bunch of jokers gets their panties in a twist over every little 30 dollar pump and dump, they are going to be very busy little beavers.
Funny how they don't worry about stuff like LIBOR or the London gold fix so much...
I think coinbase just didn't grease the right palms and this is just a shakedown for protection money.
Regulation is a joke.
THis is an example of the DISCONNECT between Journalism and reality.
The drop in BTC/USD was not effected in the least by that revelation as this market manipulation btc/usd btc/ltc ltc/cny was pre-planned since the 24th of this month.
Some one put this up however I can't seem to find the posting on bitcointalk.
654.
Post 10307636 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
Daily resistance was too strong for those bulls.
Nah to make an accurate prediction I suggest you pay attention to the volume on BTC/LTC and LTC/CNY and you will know the reason the BTC/USD is being pushed down.
This is not the effect of BTC holders rushing to the exits but rather exploiters taking advantage of the uncertainty of the market due to market manipulation.
EDIT: when the value of BTC/LTC drops you will see a rise in BTC/USD while the LTC/USD does not go higher.
A simple algorithm can pick this up as well.
Simply review the archived charts and you will see on BTC-e on the 25th a Serious Drop in BTC/LTC prior and the price increase of BTC/USD to the jump from $255 BTC/USD all the while of LTC/USD did not follow the BTC/USD move as it was being kept in place by selling preasure on OKCoin LTC/CNY.
655.
Post 10307695 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
What did they do in your opinion?
I'm to tired to type it out in full with references.
Probably best you build your own opinion on what just happened.
In a nut shell Coinbase Rick Rolled everyone with news that was a flat out lie and generated tons of "buzz" (as Charlie Lee called it) that generated Coinbase huge profits at the expense of fooled customers/bitcoiners alike. 1% and actually buying Bitcoins after the market crashed via customers and huge $50+ dollar swings for the rest of the world. (NYSE tweeted last week they planned on helping Coinbase make the Bitcoin prices more transparent... and Coinbase took that shit to the bank.)
https://bitcointalk.org/index.php?topic=938514.0Don't forget that their news help propup LTC/USD LTC/BTC prior to the BTC/USD pump from $255 to $310 while OKCoin kept the LTC/USD at the targeted @$2.3 in an effort to move LTC into BTC and then sell the BTC at a higher USD rate.
If we manage to break $250 BTC/USD then expect to see some frustrated people who were promised sub $200 due to BTC/LTC pumping and dumping.
656.
Post 10307751 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
We are not goint to break 250$. We are going to 160$.
You can come back next week and quote my post if you want.
watch this it will help you out.
https://www.youtube.com/watch?v=uK367T7h6ZY
657.
Post 10307849 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.54h):
4:33AM EST
4:33AM EST 2015/01/30
4:39AM EST 2015/01/30
4:47AM EST 2015/01/30
658.
Post 10307949 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
do you guys think, now a good time to short?
DO not trade with leverage.
4:56AM EST
4:56AM EST
4:58AM EST
5:03AM EST
Notice the BTC/LTC rise while BTC/USD drops and LTC/USD stays?
5:19AM EST
659.
Post 10308150 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
5:23AM EST
5:26AM EST
5:37AM EST
5:42AM EST
5:47AM EST
5:55AM EST
660.
Post 10309667 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Wow some unknown contact from BTCe that I pm with the other night just asked if I had 50 BTC for sell at $250?
Something is odd about the present price.
Of course I am not replying.
Hi someone need 50 bitcoin of blockchain @ rate of 250$ per btc if you have than contact me
Be gready when other's are scared.
Pay attention to LTC/BTC moves.
661.
Post 10309761 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Wow some unknown contact from BTCe that I pm with the other night just asked if I had 50 BTC for sell at $250?
Something is odd about the present price.
Of course I am not replying.
Hi someone need 50 bitcoin of blockchain @ rate of 250$ per btc if you have than contact me
Be gready when other's are scared.
Pay attention to LTC/BTC moves.
50 bitcoin of blockchain?
No reason to sell at that price since you risk not getting your money and by the time you get the money the price will have probably popped over $250 a few times.
That is the reality of the situation as I see it.
662.
Post 10309930 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Weekend dump, or weekend pump? That's the question now.
Pay attention to the sell volume LTC/BTC. If ltc sell volume vs btc is higher then expect to see BTC/USD sell pressure volume to reverse and value go up.
5:26AM EST
663.
Post 10310046 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
664.
Post 10310222 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Weekend dump, or weekend pump? That's the question now.
Oay attention to the sell volume LTC/BTC. Its higher than the buy expect to see BTC//USD go up.
your theory don't make any sense, I saw your previous posts and I still don't really get it, I think it is just a conspiracy theory you have there....
I think it makes sense. So take a look at what's been going on @ BTC-E for the last section of time.
Right now:
1) they are Dumping bitcoin for litecoin. This is decreasing the cost of bitcoin and raising the cost of litecoin.
2) they are then selling litecoin for usd.
3) then they can buy bitcoin w/ usd, cheaper than what it was previously being sold at.
The inverse also happens when pumping bitcoin to increase litecoin holdings. It's a nice little triangluar pattern that they've been doing since the last bubble.
That combined with the massive amount of shorts has allowed market makers to increase holdings/profits while keeping others suppressed. IMHO
What's even sicker is the trades seem to happen near instantaneously between ltc/btc and ltc/usd, which as Sitarow suggests, keeps value at equilibrium.
I just wish I could understand it a little bit better to try and play the swings.
The task is to inform so they don't get caught of guard.
DO not trade with leverage and watch your bots.
OKCoin 945AM EST LTC/CNY
BTC-e LTC/BTC
BTC-e LTC/USD
BTC-e BTC/USD
665.
Post 10310376 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
If your going to enter it first figure out what the "manipulators " bot target rate is do not buy or sell more then its set to as it will just get replaced.
Their are active traders and then their is a bot working to unload ltc for btc until the target is met before the next run up on BTC/USD to liquidate.
Ultimately selling LTC at a higher BTC rate.
666.
Post 10310383 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Nice thing with capitalism, you don't have to understand it to be a part of it. Not using, holding holds the value up.
Holding by itself does not hold the value up. You need people who are willing to increase their holdings by buying some of it. The price will not stay up if they don't agree with it.
the real issue is Altcoins being pushed as if they are = to BTC and people are biting.
All this does is serve as a gateway to bleed the block chain of its value.
667.
Post 10310463 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
On btc-e 1200LTC/BTC trade was made the BTC was then sold at market rate and the usd was shorly used to bbuy 1200 ltc and keep the ltc/usd value the same.
I've got one major problem with this theory ... 1200 LTC is like 10BTC ... 'dumping' 10 BTC would have no impact on price whatsoever so your graphs make no sense to me.
Correlation /= causation
That is when BTC is sold for LTC.
Huge difference and its split between BTC/USD LTC/USD
668.
Post 10316545 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Not much has changed in the last 12+ hours. Ltc/BTC
2015-30-1
Not much has changed in the last 12+ hours. LTC/BTC
00:44 2015-31-1 EST
669.
Post 10319079 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
calling your coins precious when the price is struggling to hold above 230 $ is wrong and a clear sell signal.
Just putting this here.
670.
Post 10319931 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
We are getting downward movement on LTC/BTC may be a little early if we break 0.0083 then we will get a BTC/USD rise.
SO pay attention to that volume.
671.
Post 10320191 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
I'd rather watch water boil than look at these bitcoin charts right now. It's a shame to all the ponzies conducted in the past.
Don't worry
Some people like that stuff I liken it to going camping in winter.
10:20AM EST 2015-1-31
LTC/BTC BTC-e & LTC/CNY OKCoin
OKCoin BTC/CNY & Huobi BTC/CNY
Some here don't want it going up.
672.
Post 10321373 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
it will fall like a rock.
BTC/LTC yes as people rush to dump LTC for BTC before the BTC/USD rise.
673.
Post 10321402 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Everything is going according to plan...
Although we had some minor Deviation from the core model.
Sure
Shrug off and ignore reality to suit your argument. Works every time... Or does it.
That period was the adoption / adaption of new tech from GPU to FPGA and halfing of reward and then ASIC and next halfing? I wonder if pumping trash coins in hopes of exchanging them for BTC and margin trading with cooked up BTC on "questionalble" exchange practices has anything to do with this drop?
674.
Post 10321598 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Some one is buying LTC with BTC...
Pro Tip buy and sell slowly as the "bots" will bring it LTC/BTC back to manageable targets.
1:22pm EST 2015/1/31
675.
Post 10323624 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
BTC sold for LTC and then BTC/USD pushed down while LTC/USD is still same price.
6:20PM EST
When you see LTC being sold for BTC expect to see BTC/USD to go up.
676.
Post 10323717 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
6:30PM EST
Same thing occurred last Saturday - someone desperately dumping LTC for BTC with the hopes of getting into the LTC/BTC ride up. Unfortunately then those orchestrating this are dumping BTC at market rate to drop BTC/LTC. Perhaps their setup buy orders in waiting as they are trying to unload their LTC for the next wave up. So when you see LTC being dumped for BTC don't be alarmed to see the BTC/USD price go up high.
677.
Post 10323823 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
6:53PM EST 2015/1/31
678.
Post 10324131 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Shorts up another 5k to 19,000. Didnt take long for those to pile on. It is going to take a few more skinnings to make people afraid to short btc.
Hope they don't trade with leverage.
679.
Post 10324235 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
... velocity of money ...
What's interesting about money velocity is it's range. Average time bitcoin is held can vary from 10 minutes (confirmation time) to 20 years (retirement money), that is in million times. That is if bitcoin perception in user's mind changes from "hot potato" to "gold", it price will increase
million-fold.
Once you decide to hodl, you do not influence the price of bitcoins. The price is decided by those that trade on the exchanges.
Currently, those are speculative buyers, speculative sellers, buying to 'transact', selling to close the 'transact' loop, and daily $700,000 (or less) that miners have to sell to pay for running costs.
Third and fourth on that list should be equal. So, once the first and second items on that list become equal, (and there is no reason why speculative buying would have to be higher that speculative selling), the only way the price of bitcoin will go is down. Miners do have real bills to pay.
You forget that there are alt coins that are being used in order to lower BTC/USD lower so that they can sell those alts for higher USD value then they normally would fetch bassed on operating expenses.
680.
Post 10324634 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
681.
Post 10324701 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
BTC/LTC volume is getting thin.
682.
Post 10325010 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
683.
Post 10325673 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
0040 EST 2015/2/1
LTC dump for BTC and LTC - USD LTC - CNY price pushed down in a run to cash. For what end? Low sell pressure on BTC/USD low volume too.
LTC sold for BTC and now holders of LTC have to decide when to bail for BTC in order to prepare for the BTC/USD rise?
684.
Post 10325728 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Don't trade with leverage.
Just like on Sunday last week there is high bot activity with LTC being dumped for BTC on BTC-e atm by bots small sell ltc buy btc amounts. WE may see a rise in BTC/USD with in the next hour.
1am EST 2015/2/1
1:36am EST 2015/2/1
685.
Post 10326080 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
686.
Post 10327608 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
687.
Post 10327964 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Where are you guys getting these pictures from ?
Whats the significance here ?
Have you not noticed all the space/moon pics and 'to the moon' quotes?
It's an astronaut ready to go and get wealthy but the price go down, lose money and dreams get crushed so he jumps.
Falls for the FUD and manipulation. Unable to understand BTC future? Then the astronaut is a maroon colored moron. <---- Get it?
7:14AM EST
7:22AM EST
Bitcointalk down during this move.
12:10PM
14:14PM EST Dump LTC for BTC Move.
688.
Post 10328407 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Many dumped LTC for BTC and BTC/USD going up while bitcointalk was down.
689.
Post 10328455 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
The price goes up when bitcointalk is down.
Let's just shut this place down altogether.
Nah it went down the moments after they started dumping LTC for btc.
Its way to coincidental. Happened last weekend also.
14:40PM EST 2015-2-1
690.
Post 10328498 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
LTC being dumped for BTC and BTC-USD going up.
691.
Post 10328541 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
20k worth of shorts gonna get squeezed real good.
Those finex walls are the guy who shorted 4k at 220 yesterday getting rekt.
692.
Post 10328634 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
20k worth of shorts gonna get squeezed real good.
Those finex walls are the guy who shorted 4k at 220 yesterday getting rekt.
Hope not, hope that's the market squeezing him so we're yet to see those 4k coins.
693.
Post 10328675 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
14:55PM EST
694.
Post 10328745 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Troll Box on BTC-e seems to be accepting the trend change.
695.
Post 10328929 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
eeee bear trap is gone, back to pre dump levels
696.
Post 10329035 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
697.
Post 10329361 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Price is behaving nicely. Dumps are caught by decent demand. It seems things are slowly changing for the medium term.
698.
Post 10329408 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
I like the fact that they dumped right into my $208 buy order earlier. I'm so ready to short this dumb token again.
Why did you buy? You always say btc is worth nothing and doomed etc. Makes no sense.
Proves you are running a dirty smear campaign just to make profit and rip people off.
699.
Post 10329430 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
I like the fact that they dumped right into my $208 buy order earlier. I'm so ready to short this dumb token again.
Why did you buy? You always say btc is worth nothing and doomed etc. Makes no sense.
Proves you are running a dirty smear campaign just to make profit and rip people off.
Why don't you let me play with my World of Warcraft wrath of the lich king tokens ? Rip people off ? LOL
I'm just exploiting this unusable currency while is on its way to the crypto graveyard.
What an attitude....
Lets hope the younger generation will put your kind in your place.
700.
Post 10329533 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Also, people should start comparing TCP/IP with the Blockchain protocol and not Bitcoin, the currency. Bitcoin the currency is owned by a lot of people and they would do everything to pump the hell out of it by spreading misinformation. Bitcoin the currency is easily replaceable and it will be in the near future. Don't try to sell me snake oil.
Then leave
701.
Post 10329639 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash
Noobs might panic when trolls & their various sock puppets are spreading FUD.
Like counters.. Nothing gets the mob moving then a anticipation of missing out.
I will leave this here.
* that is the coolest gif I've seen since the bear driving the flaming car btw.
Thanks for that
NP
702.
Post 10329654 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash
Noobs might panic when trolls & their various sock puppets are spreading FUD.
Noobs don't have that many coins.
OKCoin futures just hit $236.15
Yet the potential payday allure of trading on margin is a huge factor.
4:45PM EST
703.
Post 10329721 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Bears getting owned
It's not like it was not spelled out here on this thread.
All smoke and mirrors to turn low USD value LTC to BTC and pump.
704.
Post 10329814 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck.
705.
Post 10329839 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
3 Hours until China dump, not enough time for the superbowl to end.
Can you see the pattern here?
706.
Post 10329877 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck.
If I may ask: why do you keep posting the bid/ask walls? All nice and all, as it in the spirit of the Wall observer topic, but then again the bidwalls are pretty fake. I wonder whether it is to make a point, or if you have some other reason.
Helps newbies identify trends and serves as a record of booms and busts.
Been doing this for years on Bitcointalk
707.
Post 10329895 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck.
like coinbase tried with some funny gifs?
or like theymos/bitstamp/huobi did when they went offline?
No those are probably inside issues with questionable business strategies.
I am referring to those Bitcoin community members that do what they do with out even a donation address in their sig.
708.
Post 10329907 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck.
If I may ask: why do you keep posting the bid/ask walls? All nice and all, as it in the spirit of the Wall observer topic, but then again the bidwalls are pretty fake. I wonder whether it is to make a point, or if you have some other reason.
Helps newbies identify trends and serves as a record of booms and busts.
Been doing this for years on Bitcointalk
Alrighty, never noticed you doing that before, and I've been reading these boards for about 18 months by now
. Thanks for telling me.
You can review my post history back to when BTC was sub $10
that is if it still works.
709.
Post 10329961 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
I have no idea what is happening right now.
it's going up.
710.
Post 10330023 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash
Noobs might panic when trolls & their various sock puppets are spreading FUD.
Like counters.. Nothing gets the mob moving then a anticipation of missing out.
I will leave this here.
* that is the coolest gif I've seen since the bear driving the flaming car btw.
Thanks for that
NP
How long does it go? I stopped at 2 minutes
It will continue to go up if you walk away from your keyboard and you don't loose power.
711.
Post 10330063 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
This doesn't feel like pump.
Yes, its a totally manipulated attempt to squeeze shorters.
Well we will see in the next 4 hours. Yet from my perspective this has always been an attempt to dump LTC holdings at a higher USD rate by trading LTC for BTC and then let BTC rise and take profits at what ever the target $ is. What that value is unknown by me at least.
712.
Post 10330107 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
The pumps/dumps are simply the big boys trading. Their volume moves the market, not the guys with 5btc. They know that in order to be bullish, they need to remove supply from the market first (thus the recent shakeout) so there's less selling into a rally. The good traders see this and can read supply & demand on the charts.
Normaly I would agree with you. However I have noticed a serious trend that has been pushing alts closer to the value of btc in order to get the maximum return on their alt investment.
This is not done by miners.
This gif animation shows the general idea of the attempt to weekend BTC market share and enable them to take profits by utilizing alt's.
Block advancement by throwing in higher volume trades effectively blocking organic movement in the market.
And then disguising the reduction of BTC circulating on the exchanges by margin trading and present it as normal by volume via various means such as 0% fee's.
713.
Post 10330181 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
so we arrived at the point where upswings are market manipulation and falling prices are the only natural thing? k, thx for this insight
Critical and cynical thinking is vital in any endeavor and I firmly support the idea that participants make informed decisions.
Unfortunately many are already party to this collusion.
http://www.macgetit.com/1422/do-you-have-critical-or-cynical-thinking-skills/
714.
Post 10330209 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Chinese panic dump in 25 minutes
Careful not to get fixated, for you may loose what is important.
715.
Post 10330281 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
remove supply from the market? miners included?
bulls, you better hurry up and buy all the coins till 250 $, now is your best shot, because sooner or later someone will dump into your face, and bid side is not looking actually good.
Miner volume is a drop in the bucket compared to how much volume whales move. And yes, they likely absorb this selling in the face of a rally. They have to to achieve the next major resistance (supply) point before going short. Look at a daily chart and you'll see where those areas will likely occur. It is not rocket science. All you have to do is join them.
long are gone the days of small home farms! most of the hash rate now is controlled by big entities meaining big electricity bills and big percent of the daily supply.
3600 coins would take us under 200.
That is if they are being dumped on exchanges. The Volume is nothing like it used to be.
716.
Post 10331390 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
10:00PM EST 2015-02-01
717.
Post 10331812 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
Well we made it through the night.
Tomorrow's forecast, dumpy with a potential dumpzilla attack.
718.
Post 10331829 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
The price goes up when bitcointalk is down.
Let's just shut this place down altogether.
Nah it went down the moments after they started dumping LTC for btc.
Its way to coincidental. Happened last weekend also.
14:40PM EST 2015-2-1
+1. Weird coincidence.
Any theories?
Anything that I would say would be speculative and unsubstantiated as to why.
719.
Post 10334755 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
720.
Post 10340441 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
6:19PM EST 2015/02/02
6:23PM EST
721.
Post 10340505 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
722.
Post 10340536 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
723.
Post 10340542 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
@Sitarow, where is the ltc dump for btc?
I Guess your not paying attention.
724.
Post 10340607 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
@Sitarow, where is the ltc dump for btc?
I Guess your not paying attention.
This happens because the value of btc goes up faster than ltc, so the ratio goes down. There are bots that peg to ltc/usd to keep the ratio correct.
The grey line represents volume. and notice that the volume. When you see that change then expect to see a reversal.
6:37PM EST
725.
Post 10340646 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.55h):
@Sitarow, where is the ltc dump for btc?
I Guess your not paying attention.
This happens because the value of btc goes up faster than ltc, so the ratio goes down. There are bots that peg to ltc/usd to keep the ratio correct.
The grey line represents volume. and notice that the volume. When you see that change then expect to see a reversal.
6:37PM EST
after the 300 pump I'm skeptical of any trend reversal I see, no matter what indicators say
Skepticism is vital because once a pattern has been discovered then change is necessary or profits become slim.
EDIT: Pro tip... Set buy walls rather then buy into the walls. And continue to set buy walls in-front of bots as they attempt to jump in front of your bids.
That is the problem with everyone using the same algorithm on the bots. Simple to predict how they react.
726.
Post 10340809 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
727.
Post 10340881 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
728.
Post 10340894 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
wHAT THE HELL IS GOING ON? IT'S TOO EARLY FOR THE SHORT SQUEEZE and it's too high for a dead cat bounce. I ain't selling or buying shit until I find out.
Who's pumping? It ain't the Four Punch Raiders cuz this ain't in the pattern.
729.
Post 10340937 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
earned 18$ on the bounce
I got lucky and shorted 200 contracts at 246
I don't buy this pump
I don't either but I'm not selling into it because <$250 is just too damn cheap to sell. I'm just hodling with my measly 58 BTC and small pile of fiat until it either goes over $300 or back down sub $220.
Is it bears covering their shorts? New mystery pumpers? Who the hell is buying @ $240 who had almost a week to buy cheaper than that?
That's the magic question
Doesn't make sense at all
Will it be to late when TrollBOX finaly sees the train?
730.
Post 10340999 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Sharing Wall observation thread and speculation is what its all about however ignoring the other coin markets will never give you a real picture of what is going on. That is something Market Manipulators who have allot to loose if the price keeps going up will FUD you with FEAR.
7:35PM EST
731.
Post 10341121 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Everyone ready for take fake off?
FTFY
More like slow and steady? Many young ones have grown impatient.
732.
Post 10341186 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
7:53PM EST
733.
Post 10341225 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
earned 18$ on the bounce
I got lucky and shorted 200 contracts at 246
I don't buy this pump
I hope you closed already.
734.
Post 10341254 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
If your going to quote me please do in full. You should be able to see Im bullish, I just wouldn't advise going all in at $245, YET
Slow and steady. Stagger your bids and be ready for any attempt to change the trend. We still have to contend with the 4 hour bot/charts mark.
735.
Post 10341316 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Ok that was weak.
Just an FYI the dump LTC for BTC target price is 0.008 so try not to sell to fast below that as the asks keep piling up.
736.
Post 10341395 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Ok that was weak.
Just an FYI the dump LTC for BTC target price is 0.008 so try not to sell to fast below that as the asks keep piling up.
Fake buy walls are gone now as well
700+ coins just got snapped up in a heart beat as soon as the sell walls were placed on okcoin.. one 4xx and then 3xx. doesnt look too fake to me!
DON'T trade with leverage and try to not put up stop loss orders or it will be sniffed out.
737.
Post 10341420 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Also possibly related:
Hello,
I was just curious if there is any sort of bitcoin bug bounty?
I have discovered a serious bug in all previous (and current) bitcoin reference clients which would allow a denial of service on an arbitrary number of bitcoind nodes (as run by exchanges for example).
While this bug may not leak any private data, it allows you to shoot down bitcoin nodes that you are directly connected to. Arbitrary code execution may be possible (but was not tested).
The denial of service works, tested locally in Bitcoin 0.9 and 0.10 branches.
Newspapers or Journalists may ask me for a demonstration in private.
If anyone is intrested in a disclosure, I am asking 10 BTC for my time doing a write-up
including detailed explanations: 1LaV9xQvmd1gR4fYYWgFMpPXEgAwBYCQN1
If the balance will not reach 10 BTC, I will pay all amounts back. I will also cover the transaction costs myself.
is he a serious guy?
Might be a way to scam 10 BTC.
If he really wanted a bounty for it he could get a world from theymos or other rich bitcoiners that they would give him 10 BTC as soon they proof the bug is true
Not related..
https://www.youtube.com/watch?v=bwU57V4WZ1g
738.
Post 10341546 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
XPY not doing so well....
Don't get hit.. Hold onto BTC.
https://www.youtube.com/watch?v=ztP4cDdy83o
739.
Post 10341700 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
740.
Post 10341750 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Why do people keep pulling sell walls when the price gets close? They don't want to sell?
Could be the small trip wire bids were sold and the larger "fake" walls were pulled. Bot's are fun.
9:30PM EST
10:00PM EST
http://vimeo.com/116064671http://vimeo.com/117849231Worth a watch
https://www.youtube.com/watch?v=oThh3_SrxtcDignity and Respect.
741.
Post 10342349 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
742.
Post 10342470 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Calling short term top here
+1
Those who did not learn from the past condemned themselves to repeat it.
743.
Post 10342524 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Calling short term top here
+1
Well Sit according to you Bitcoin is doing one of these
So now what are we supposed to do?
just take it slow and keep an eye out to anyone trying to pump BTC/alt coin up as that will lower BTC/USD.
However I would not be surprised if we ditch the "Promised Lows" now that the "strategy" that was used has been shared effecting profits and BTC/USD continue to rebound.
https://www.youtube.com/watch?v=MENjFkEAj9g we can always prepare.
744.
Post 10342646 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
It's quite, too quite..
...quite ...what?
he needs to cut his loose
So... quite tight?
quite quiet?
Some noise
https://www.youtube.com/watch?v=V-SwpDKkHkoBears don't care for this kind of noise
0019 EST 2015/02/03
745.
Post 10342669 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Calling short term top here
+1
Well Sit according to you Bitcoin is doing one of these
So now what are we supposed to do?
just take it slow and keep an eye out to anyone trying to pump BTC/alt coin up as that will lower BTC/USD.
However I would not be surprised if we ditch the "Promised Lows" now that the "strategy" that was used has been shared effecting profits and BTC/USD continue to rebound.
https://www.youtube.com/watch?v=MENjFkEAj9g we can always prepare.
what alt coins in particular
LTC notice the moment someone drops LTC for BTC the BTC/USD and other Currency's go up?
Bitfinix has DRK coin while BTC-e PPC and LTC being sold for BTC is pushing BTC/USD valuation up.
When there is downward pressure on BTC/USD it is because the BTC being sold for LTC gets dumped at the market rate BTC/USD putting pressure on the BTC/USD price.
Always keep track of the volume to help you differentiate from the adjusted value vs a trade event.
0030AM EST
746.
Post 10345891 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
845am est
747.
Post 10348702 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
B FOR EFFORT. Next time sell slowly you make more coin that weay.
1:50PM EST
748.
Post 10360927 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
749.
Post 10365573 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
750.
Post 10367009 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Failed attempt to push BTC/LTC up.
10:25AM EST 2015/2/5
10:45AM EST 2015/2/5
10:45AM EST 2015/2/5
751.
Post 10367100 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
752.
Post 10367888 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Seems China still has some weak hands... They dump like 200 coins and Finex follows with 1500. I wonder how that's even remotely profitable unless they're just selling into their own buy walls. Maybe arbitraging somewhere, the futures market?
No this dump was started when someone sold btc for ltc on btce.
I hate to spoil the “party” but dumping BTC/LTC to push BTC/USD down move has become so obvious that even the small guys are picking up the moves early.
Watch for the move in the other direction for the BTC/USD rise.
12:25pm EST
753.
Post 10370329 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
754.
Post 10371178 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
6:23PM EST
755.
Post 10371188 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
The dump3er guy tells you: Sub 100 is coming. When? Soon...
Was the dump3er wrong before, when he said "This shit is crashing hard"?! No!
Was the the dump3er wrong when he said "Buy this bull trap now and sell it to inca on the top"? No!
If you are not listening to the dump3er you will be a dead astronaut!
Surrender, you maggots! Bow before the dump3er!
Bitcoin production costs is above $100. So forget sub $100 bitcoins.Wrong.
for people with free hardware no overhead and "free" electricty its close to zero.
But that is no indicator of its value. It can become $1000 in less then 6 months to make 1 BTC if more hardware hits the network.
756.
Post 10371318 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
6:45PM EST
757.
Post 10372049 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
8:48PM EST
758.
Post 10372841 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
759.
Post 10373066 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Fat finger?
760.
Post 10375357 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Seems we're moving up slowly. That wall on coindesk though...
Some are Constantly selling their btc for ltc and xpy and in turn that purchased btc is being sold into USD bid walls that is effectively creating a domino effect across all trading bots putting btc/USD downward pressure.
761.
Post 10375509 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
so silent here...
dump impending?
Watch out for the dump alt for btc wave. Btc/USD will head up.
762.
Post 10375557 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
so silent here...
dump impending?
Watch out for the dump alt for btc wave. Btc/USD will head up.
why are you so persistent in trading BTC/$ pair by looking at some altcoin trash ?
That is what you need to see to catch the next train.
Unfortunantly Alts have been used to lower btc/USD value and shake the confidence of those who once understood it's value.
Simply paying attention only to btc/USD is effectively putting blinders on.
If trader's stopped trading btc/alt then the traditional concept of btc/USD would apply
On btc e you can see the attempt by bots to slowly increase ltc/btc.
0.00815 1.513 0.01236121 buy
0.00816 1.513 0.01236121 sell
However the btc/USD floor has been tested and the leg down volume has been losing.
More People have been using this as an indicator since it was pointed out.
763.
Post 10375644 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
so silent here...
dump impending?
Watch out for the dump alt for btc wave. Btc/USD will head up.
why are you so persistent in trading BTC/$ pair by looking at some altcoin trash ?
That is what you need to see to catch the next train.
I personally consider altcoins a form of bitcoin junk derivatives.
you wont see any train departing till new money jumps in, and the money in alts is not new at all, on the contrary: that is old money trying to get out.
so all altcoins do is preventing us from finding the real bottom.
The real bottom is when people stop falling for the scam that btc is worthless. And you are seeing that this past two weeks.
764.
Post 10375752 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
So is it mainly bots trading on these exchanges?
I just bought a lot of bitcoins at just over 193.4 euro in 1.8 bitcoin increments.
I have been waiting for something under 194 and saw that pop up so I bought it.
Then a few seconds later another 1.8 popped up for close to the same price. So I bought it again. And it popped up about 6 more times and I snatched it up each time.
But the numbers were different each time.
1.79871374 193.31098
1.79279944 193.42050
etc...numbers like that
what's that all about? I'm glad someone did that, if I were to buy that many bitcoins at the current volume I would have driven the price up to 200 euro.
This is what one does to not move the market when you wish to buy or sell.
765.
Post 10375790 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
So is it mainly bots trading on these exchanges?
I just bought a lot of bitcoins at just over 193.4 euro in 1.8 bitcoin increments.
I have been waiting for something under 194 and saw that pop up so I bought it.
Then a few seconds later another 1.8 popped up for close to the same price. So I bought it again. And it popped up about 6 more times and I snatched it up each time.
But the numbers were different each time.
1.79871374 193.31098
1.79279944 193.42050
etc...numbers like that
what's that all about? I'm glad someone did that, if I were to buy that many bitcoins at the current volume I would have driven the price up to 200 euro.
This is what one does to not move the market when you wish to buy or sell.
And the strange numbers?
A human would type 1.8 and 193.4 or whichever
Bots set to move volume at a target price %
766.
Post 10377955 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Compare the two
11PM EST 2015-2-6
1111PM EST 2015-2-6
5:48PM EST 2015-1-23
767.
Post 10378052 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
11:15PM EST
768.
Post 10378093 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Get ready for the dump...
Normal inside traders would keep this to themselves to MAXIMIZE Profits
What Narken is trying to say is "Let me buy your BTC before the price rise".
https://www.youtube.com/watch?v=vSBBdkS1A0Y#t=58October 17 2013
769.
Post 10378461 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
it's me again. the one who acurrately predicted the "serious crash to 220". my second prediction is that in just a few days it's going below 200 300, also i don't think we will be seeing 300's 200's for quite a while if ever again.
Well, even I can make one such post, o back edit it and predict the price exactly at a given time
Exactly!
770.
Post 10378828 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
BTC price is compressing like a spring. These little $20 moves up and down will only rob you of sleep and coin. When the market breaks, it will be fast and decisive. You won't have time to place an order. You will be in or out.
True...
12:41PM EST
It looks like the only people interested in buying bitcoins at this point are price manipulators and they are not even successful anymore.
The problem with becoming accustomed to a trend is that it takes time to break it.
Watch this for context.
https://www.youtube.com/watch?v=PVxaL8CAO4M
771.
Post 10379393 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
fun to watch.
http://motherboard.vice.com/read/chinas-biggest-secret-bitcoin-mine2:10PM EST
2:52PM EST
http://cointelegraph.com/news/113441/ex-credit-suisse-ceo-invest-in-gold-and-bitcoin-long-term-not-fiat“Capital requirements mean that in future, banks will no longer be in a position to take advantage of their position as market makers,” he explained. “That means that they'll no longer be buying when rates sink, and no longer be selling when they rise. It simply costs too much in terms of capital... Therefore markets can tumble a lot faster than in the past...”
“Central banks can print money limitlessly and these days they are telling us that openly. It's therefore no longer recoverable.”
http://cointelegraph.com/news/113440/forget-price-heres-how-bitcoin-really-performed-in-2014"The biggest investment round came from Xapo, with a whopping US$40 million. Next were BitPay and Blockchain.info, who both received an influx of US$30 million."
http://www.coindesk.com/italian-central-bank-no-aml-requirement-bitcoin-exchanges/“In Italy the purchase, use and acceptance of virtual currency must be considered lawful activity: the parties are free to transact in amounts not expressed in legal tender.”
http://money.cnn.com/2015/02/05/technology/security/bitcoin-silk-road/"Despite all the hype, Bitcoin isn't anonymous. It's electronic cash. And like anything digital, it leaves a trail of bits."
"Bitcoin is all about electronic wallets that send digital cash directly to one another. All you need is a Bitcoin wallet address. You never need to know someone's real name. And at the center of it all is the engine that keeps the system alive: a public record of all transactions called "the blockchain."
It seems anonymous at first -- but only if you keep your wallet address secret. If that's connected to your name, the whole world knows every transaction you've ever made."
772.
Post 10380102 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Should I buy now?
China must still be sleeping, when they wake up they will dump us back under 200
or maybe its a myth?They can barely keep the price below 220..that dump yesterday was a complete failure
Why dump and not pump? Legit question.
Didn't you get the memo?
Bitcoin has died again
773.
Post 10380243 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
looks like close to 400 more shorts just opened up
774.
Post 10380248 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Why are we posting faked/photoshop images of BTC on spotify? You know that was a fake, right?
Indeed
as fake as BTC is dead claim.
The use of
disinformation to promote or discredit BTC proponents has grown to a fever pitch.
A dose of reality helps us remain vigilant to benefit from those sensational claims.
Link for those who may not be in the loop.
http://www.reddit.com/r/Bitcoin/comments/2uvlp1/another_sighting_of_spotifys_bitcoin_option/ http://en.wikipedia.org/wiki/Disinformation"Disinformation is intentionally false or inaccurate information that is spread deliberately. It is an act of deception and false statements to convince someone of untruth. Disinformation should not be confused with misinformation, information that is unintentionally false.
Unlike traditional propaganda techniques designed to engage emotional support, disinformation is designed to manipulate the audience at the rational level by either discrediting conflicting information or supporting false conclusions. A common disinformation tactic is to mix some truth and observation with false conclusions and lies, or to reveal part of the truth while presenting it as the whole (a limited hangout)."
775.
Post 10380424 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Ahh ok, now I'm picking up what you're putting down
Alt's are being dumped for BTC.
4:25PM EST
776.
Post 10380554 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Going to leave this here
What would you do?
Source.
777.
Post 10380768 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
looking good.
"Although customers who made deposits earlier in the week may still be dealing with some issues, it appears that Bitstamp has found a temporary fix to their bank wire USD deposit issues. They expanded on their quick fix in the second half of their statement:
“Those who make USD denominated wire transfers moving forward will need to specify the alternate intermediary bank provided on our deposit page until further notice. We are working to find a permanent solution. We appreciate your patience and support as the bitcoin ecosystem continues to evolve.”
Although Bitstamp has found a bank to fill in for Standards Chartered Bank over the short term, they’ll definitely need to find a new long term banking partner. Banking relationships have been an issue for bitcoin exchanges since their inception, and many former Mt. Gox customers will remember the long delays that plagued that defunct exchange for over a year. Bitcoin has been able to make strong leaps forward into the mainstream over the past few years, but it appears that some banks still think the potential benefits of the technology are not worth the risks."
5:20pm EST
778.
Post 10380937 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
Should I buy now?
China must still be sleeping, when they wake up they will dump us back under 200
or maybe its a myth?They can barely keep the price below 220..that dump yesterday was a complete failure
How could they get it so wrong?
http://i.imgur.com/YfPjduY.gifv5:40PM EST
5:48PM EST
Something nice.
https://www.youtube.com/watch?v=xakSj4SoJBU
779.
Post 10381152 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
6:10PM EST
Silly rabbit! Slow and steady.
780.
Post 10381183 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.56h):
6:10PM EST
Silly rabbit! Slow and steady.
Why would you think that is their goal?
If loosing money is their goal they win.
If you are going to fight bots then trade slowly and at their target price.
6:20PM EST
6:28PM EST
781.
Post 10382079 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
BRAINTREE WAS MY FAVORITE UNTIL THEY SAID GO FUCK YOUR SELF....... now I use authorize.net.
BrainTree is owned by Paypal.
It is simply a matter of time before we can start easily moving liquidity into BTC.
8:38PM EST
782.
Post 10382461 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
9:40PM EST
9:59PM EST
783.
Post 10384754 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Question: There will be another bear raid, bring us sub 200$ coins in February
yes - 203 (42%)
no - 237 (49.1%)
idk - 43 (8.9%)
Total Voters: 483
I've voted no but it might dip $190 - $200, would you call that a bearraid? Imo it will be the last move before some serious bull comes in.
5:15AM EST
5:19AM EST
5:25AM EST
784.
Post 10386975 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
10:42AM EST
785.
Post 10387039 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
10:42AM EST
Any explanation as to what Im looking at?
After reviewing your recent post history I can only assume that you have been lurking more then posting on the forums.
Since that may be the case you have missed the past 2 weeks of my posts that may help in understanding the charts purpose.
However..
"My efforts are to enable people quickly and accurately see what is happening on all exchanges including volume. The grey lines represent bid walls that were recently put up or pulled or sold into.
On the right side you can see the volume for each exchange in BTC that helps see if arbitrage is being taken advantage off.
It can take up to 1 hour to move BTC around from exchange to exchange such as in the case of the large 1.5 hour volume at BTCChina before the dump of BTC for LTC on BTC-e.
Simply one can even watch the block chain to see the large sum of btc moving.
The charts serve as a record that enable readers are participants to make their own observations ( Knowledge is power ).
I have included the LTC portion in the charts to help manage market trends. This is a simple way to Screen shot and display movements when someone is playing the market.
This helps those who may have been oblivious to the fact that pump and dumps happen on alts in order to manipulate the value of btc/usd so that they can liquidate their alt coins at a better USD return.
Unfortunately their is no easy way to deal with the disinformation that is propagating from accounts with hidden motives. Especially when they attempt to discredit any perspective that exposes the failed attempts of market manipulation.
I do this service as an attempt to expose those who wish to undermine those less experienced in our community."
786.
Post 10387169 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Late to the party
..
11:05AM EST
11:12AM EST
787.
Post 10387273 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
I was promised sub 200 coins by the retail
gamblers traders on here.
Bears trying to keep it below 230..
Same repeating inca-pattern since 1150. Boring. Even when it goes further down inca will be bitching with the same pattern far away from reality.
788.
Post 10388848 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
2:35PM EST
2:55PM EST
789.
Post 10389284 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
This is just the beginning of the great rally of 2015.
"We choose to go to the moon. We choose to go to the moon and do other things"--Satoshi Nakamoto
Can you imagine if the airline industry was trying to start out on the principles of this contraption? Yeah, that's what is happening with Bitcoin and the Captains of Industry here.
Can you imagine a smart guy being around in this forum since 2011 knowing all along that bitcoin is a fail ? 7000 posts later he is still telling the same old story.
You might be misinterpreting things. Bitcoin is incredibly successful, like the wright brothers plane. But for the purposes of an airline industry they would be as useless as this experiment right here.
BTC is presently undervalued by those who don't understand what they have.
Does not look like much does it? Now is it worth more then Diamonds?
790.
Post 10389324 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Bitcoins are not a natural resource, they are a built in example for the proof of concept software that is called Bitcoin.
Numbers are not natural that is for sure
791.
Post 10389404 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
Painite2.jpg[/img] Does not look like much does it? Now is it worth more then Diamonds?
Worth more than diamonds because limited supply, just like my grammy's farts and Bitcoin.
My grammy's farts are worth more than both painite and Bitcoin tho, 'cos grammy is dead and only a single fart, hermetically sealed in a Mason jar by qualified rarereologists, remains.
Unlike diamonds I am confident others do not have as much affinity for what you describe as you.
Humor aside..
3:55PM EST
792.
Post 10389465 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
Painite2.jpg[/img] Does not look like much does it? Now is it worth more then Diamonds?
Worth more than diamonds because limited supply, just like my grammy's farts and Bitcoin.
My grammy's farts are worth more than both painite and Bitcoin tho, 'cos grammy is dead and only a single fart, hermetically sealed in a Mason jar by qualified rarereologists, remains.
Unlike diamonds I am confident others do not have as much affinity for what you describe as you.
How about you stop wasting time & snap up some
BTCeanies before Wall Street & their bankster buddies corner the market?
Unlike Beanies, (that can be easly forged) Bitcoin has far greater qualities then you attempt to let on.
793.
Post 10389514 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Bitcoins are not a natural resource, they are a built in example for the proof of concept software that is called Bitcoin.
Numbers are not natural that is for sure
Not numbers, information. You missed the point btw.
Me too, probably. Makes me wonder if the hermeneutical problem we are facing boils down to your inability to make your point clearly.
I let facts work as "nonverbal communication"
794.
Post 10389864 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Bitcoins are not a natural resource, they are a built in example for the proof of concept software that is called Bitcoin.
Numbers are not natural that is for sure
Not numbers, information. You missed the point btw.
Me too, probably. Makes me wonder if the hermeneutical problem we are facing boils down to your inability to make your point clearly.
I let facts work as (nonverbal communication)
Qe? I was referring to the other guy. I'm tired and in a shitty mood. Time to step away from the keyboard and watch some crappy chic flick I guess. When I wake up tomorrow this mofo had better be $300+!
I should have placed an @name. I understood that it was directed at him. However I wanted to point out that facts speak louder than words.
NotLambchop: Why do you waste your time and other's time here? What are your motivations? Saving people from buying bitcoin?
He has lost his way with nowhere to go, now asset exchanges are pretty much gone. He had a positive role there. Now, he is so bored, he will use you and his granny for "laughs".
True.
4:54PM EST
795.
Post 10390601 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...With bitcoin, eventually the new coins stop and has no choice but to slowly become more distributed.
Nonsense. Nether gold nor
BTCeanies become more evenly distributed with time.
Neither are really used to purchase everyday things.
Well duh, neither is Bitcoin. Not unless you got a heavy dope/gambling habit.
Who can honestly fall for this drivel.
And that's ignoring the fundamentals, which are pretty bad by themselves...
Such as?
-
The fact that nobody is really interested in buying bitcoin to mainly use it as a currency aside from illicit goods, but more as a wild musical chairs speculation instrument.-the fact that merchants "accepting bitcoin" just create more selling pressure. Spending bitcoin = dumping bitcoin.The idea behind the blockchain (a distributed ledger) has potential, sure, but the bitcoin blockchain and especially bitcoin THE CURRENCY are way too limited, in my opinion.
Centralised finance works just fine and while it might use the underlying technology/idea behind the blockchain, it doesn't need a new artificially limited, volatile, pyramid scheme-like currency.
For all we know:
decentralised ledgers = the internet
Any cryptocurrency like bitcoin = pets.com
Your first argument is a feeble attempt to push fallacy as fact.
Bitpay one of a few service providers says otherwise.
http://blog.bitpay.com/2015/02/04/bitcoin-and-bitpay-in-2014.html
796.
Post 10390675 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is
dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.
@NotHatinJustTrollin.
Knowledge, Understanding & Wisdom is a lost art on you it seems.
797.
Post 10390730 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
798.
Post 10390760 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is
dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.
@NotHatinJustTrollin.
Knowledge, Understanding & Wisdom is a lost art on you it seems.
Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)?
Nope.
it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Unfortunately your lack of wisdom is evidently shown publicly. Your incompetence in exercising understanding is imponderable.
http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/As of May 2014,
"Today BitPay has processed over $100 Million in total and is currently processing $1 million in transactions a day."
799.
Post 10390768 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
Why the hell are you posting a pic of BTC-E? Does that answer any of these questions?
...
You know the people who think radio static is coded messages from Ramulon and keep sticking their grimy AM radio in your face, as if you should instantly get what they mean? Me neither, but Sitarow prob'ly does that sort of shit too.
Here I thought you were the little dog in the troupe.
800.
Post 10390849 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is
dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.
@NotHatinJustTrollin.
Knowledge, Understanding & Wisdom is a lost art on you it seems.
Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)?
Nope.
it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Unfortunately your lack of wisdom is evidently shown publicly. Your incompetence in exercising understanding is imponderable.
http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/What about the last question? In a 3-10 billion marketcap currency there are some whales that can
dump spend coins, what a surprise.
Who is actually using those bitcoin as a currency?
"people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?"?
One is one to many for free advice
However know that the Value of BTC is outside your present perspective.
801.
Post 10390891 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is
dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.
@NotHatinJustTrollin.
Knowledge, Understanding & Wisdom is a lost art on you it seems.
Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)?
Nope.
it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.
Unfortunately your lack of wisdom is evidently shown publicly. Your incompetence in exercising understanding is imponderable.
http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/What about the last question? In a 3-10 billion marketcap currency there are some whales that can
dump spend coins, what a surprise.
Who is actually using those bitcoin as a currency?
"people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?"?
One is one to many for free advise
However know that the Value of BTC is outside your present perspective.
I take it as "I can't answer that shit".
Know that your inability or lack of desire to seek out your own understanding has been made clear in our brief exchange of perspectives.
https://twitter.com/GaltsGirl/status/564137655827316737/photo/1All pleasantries aside...
7:22PM EST
802.
Post 10390929 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected
As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price.
I did mean everyday things. You said illegal items. I asked for proof. Non provided. Whatever, I'm off to do other things. Have a good day!
When was the last time you bought milk, butter or gas with bitcoin? And I don't mean through a payment processor.
I know those coins get converted to fiat, but how is using a payment processor not 'using bitcoin to purchase things' ?
Pretty weak comeback NLC, I expect higher quality trolling from you.
803.
Post 10390987 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
-The fact that nobody is really interested in buying bitcoin to mainly use it as a currency aside from illicit goods, but more as a wild musical chairs speculation instrument.
-the fact that merchants "accepting bitcoin" just create more selling pressure. Spending bitcoin = dumping bitcoin.
Your first argument is a feeble attempt to push fallacy as fact.
Bitpay one of a few service providers says otherwise.
http://blog.bitpay.com/2015/02/04/bitcoin-and-bitpay-in-2014.htmlThat infographic is a masterpiece of misinformation. Casual readers will think that the "23 billion USD (57% increase)" is usage for e-payments, but it is either the blockchain traffic or the trading volume at the exchanges. BitPay has not released any meaningful numbers about the usage for e-payments through them.
Analysis of what seems to be their incoming wallet shows about 1000-2000 BTC per day, constant since mid 2013 at least, which may be miners paying their bills. Excluding that component, BitPay's traffic seems to be a few hundred BTC per day, which would be perhaps 50
million (not billion) USD in 2014. So, their unwillingness to post actual numbers is not surprising.
Also, needless to say, all of the companies that they list as "accepting bitcoin" infact
do not accept bitcoins, only dollars.
I use Bitpay as an example however indeed their banner would hold more weight if backed but figures. Understandably this is a competitive market. It is but one service payment option doing business today. More are entering the market including Paypal themselves. Much like the internet As adoption continue in time these numbers will only grow.
Note that this article makes note that they extrapolate the numbers bassed on the fact bitpay has been reusing address.
Analysis of what seems to be their incoming wallet"A couple days ago I noted that because Bitpay reuses its addresses, it is possible to monitor them and that there hasn’t been much of a growth since May (the last time they announced numbers)."
They refer to this May announcement.
http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/As of May 2014,
"Today BitPay has processed over $100 Million in total and is currently processing $1 million in transactions a day."
804.
Post 10391048 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
In May the price was ~450 USD/BTC, and on a good day BiTPay's presumed input wallet received over 2000 BTC. So, indeed, in May they were processing 1 million USD/day ... tops.
They haven t updated that number since then, though. Analysis of that wallet suggests that the USD volume that they have been processing has been decreasing with the BTC price.
AND a large fraction of that volume, as noted before, appears to be miners paying their bills, not Joe Public using bitcoins to buy stuff and services.
Realize that Bitpay is one of a few service provider in the market. Additionally understand that this Analysis is of one Bitpay wallet.
805.
Post 10391055 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
When you said "purchase everyday things," I didn't realize you meant meth and child porn. I stand corrected
As far as less shady stuff? Those merchants accept dollars, not BTC. That's why the BTC price is calculated for you at the moment of purchase from the real price.
I did mean everyday things. You said illegal items. I asked for proof. Non provided. Whatever, I'm off to do other things. Have a good day!
When was the last time you bought milk, butter or gas with bitcoin? And I don't mean through a payment processor.
I know those coins get converted to fiat, but how is using a payment processor not 'using bitcoin to purchase things' ?
Pretty weak comeback NLC, I expect higher quality trolling from you.
Because you're using dollar or pound or euro to buy things. That's why those things are priced in dollar or euro or pound, and BTC price is calculated at the exact moment you initiate the transaction.
If you enjoy the game of buying BTC with your money (paying a fee for the privilege), handing that BTC to a payment processor (which also profits from the deal because not charity), which, in turn, converts BTC to real money & pays the merchant you transact with, so that you can risk your money yet again on some shady exchange while BTC price pogoes around like it does ...breathe... you be my guest, but
don't expect me to take your game seriously Have no fear.
We have grown to expect very little of you.
806.
Post 10391076 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
Also, companies that "accept bitcoins" do in fact accept bitcoin. They might not hold the bitcoins, and convert them to fiat, but they do accept them.
No. They accept USD. Their payment processor accepts BTC. They do not. They do not exchange it into USD Their payment processor does. They do not. They never touch BTC . Not at all. How many times & in how many different phrasings must it be said to be understood? Why are such simple things so difficult for some here to grasp?
they don't accept YEN, CAD, CNY neither do they?
Edit: I don't mean to focus on your flawed perspective so I will let up.
807.
Post 10391103 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Wow, so you mean that the part that says " bitcoin trading volume" might be about the bitcoin trading volume instead of e-payments. Shocker ! What a masterpiece of misinformation....
Yes, that is a good example of how you can lie (= "intentionally lead people to believe in something that you don't believe") by telling the truth.
What would a casual reader understand by "trading volume"?
Also, companies that "accept bitcoins" do in fact accept bitcoin. They might not hold the bitcoins, and convert them to fiat, but they do accept them.
Bitpay gives merchants the option to actually receive the bitcoins, but the big companies listed there surely opt to receive dollars (for practical as well as financial reasons). The conversion to dollars is done by BitPay, not by the companies.
You do realize this applies to all currencies? YEN, CNY, CAD
Just wanted to add.
If your a miner and mine BTC then effectively your exporting BTC. Places with currency that is below the value of USD benefit from a strong USD currency as their overhead is payed in their lower denominated currency.
808.
Post 10391124 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
Also, companies that "accept bitcoins" do in fact accept bitcoin. They might not hold the bitcoins, and convert them to fiat, but they do accept them.
No. They accept USD. Their payment processor accepts BTC. They do not. They do not exchange it into USD Their payment processor does. They do not. They never touch BTC . Not at all. How many times & in how many different phrasings must it be said to be understood? Why are such simple things so difficult for some here to grasp?
they don't accept YEN, CAD, CNY neither do they?
Edit: I don't mean to focus on your flawed perspective so I will let up.
In Japan they accept Yen. In Canada they accept CAD, in China they accept CNY. Just how clueless r u bro?
I take it your from the states
You should try ordering stuff from Amazon.com and see what currency its priced at. If you use paypal they will give you the choice to have them exchange to USD.
809.
Post 10391173 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
810.
Post 10391203 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
One of the many bitcoin paradoxes:
If the amount of money
dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption".
If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough
checkmate
One of the many amazing aspects of bitcoin FUNDAMENTALZZZ!!11
The fallacy is that the issue with providing liquidity to the BTC economy is on a decline.
The reality is that more and more services are becoming available to facilitate easy entry into this market.
One of the big successes of BTC-e when LTC was starting to get a foot hold was the introduction of deposits from credit card.
As time goes on this "issue" that may or may not be a real issue today will not be used as an argument against BTC and its future.
811.
Post 10391229 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
One of the many bitcoin paradoxes:
If the amount of money
dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption".
If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough
checkmate
One of the many amazing aspects of bitcoin FUNDAMENTALZZZ!!11
The fallacy is that the issue with providing liquidity to the BTC economy is on a decline.
The reality is that more and more services are becoming available to facilitate easy entry into this market.
One of the big successes of BTC-e when LTC was starting to get a foot hold was the introduction of deposits from credit card.
As time goes on this "issue" that may or may not be a real issue today will not be used as an argument against BTC and its future.
Easier entries doesn't necessarily mean that a significant amount of people (significant compared to the selling pressure and overall supply) will want to buy it tho
That may be the case. However thus far when an option to simplify moving fiat into btc economy was available the results were for all to see.
812.
Post 10391276 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
813.
Post 10391320 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
814.
Post 10391430 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
You do realize this applies to all currencies? YEN, CNY, CAD
Dell USA, AFAIK, accepts only dollars. Dell Brazil accepts only reals. If you want to pay them with some other currency, you must find a way to convert them to USD or BRL, respectively, and send those to the companies.
I have used my Brazilian credit card, whose bills I pay with BRL, to pay for hotels and other stuff in the US, Europe, Japan, etc; but it was always the credict card company that exchanged my BRL for USD, EUR, JPY and deposited these to the merchants' bank accounts. Those merchants definitely did not "accept BRL", anymore than Dell "accepts bitcoin".
This discussion began with a certain someone making false statement that BTC is not accepted as payment for "normal" every day items.
My point was that it was incorrect assumption because payment processors do help merchants take payment from other currencies including BTC.
The example argued that was used did not acknowledge that even if product is priced in USD does not mean that you can't pay for it with other currencies, like CAD, BRL, CNY, YEN, BTC as long as they payment processor used by the merchant takes said payment.
815.
Post 10391519 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
9:15PM EST
816.
Post 10391668 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
My point was that it was incorrect assumption because payment processors do help merchants take payment from other currencies including BTC.
The example argued that was used did not acknowledge that even if product is priced in USD does not mean that you can't pay for it with other currencies, like CAD, BRL, CNY, YEN, BTC as long as they payment processor used by the merchant takes said payment.
It is not just a matter of definitions.
Dell USA has bank accounts. In those bank accounts there are only dollars, not JPYs or BRLs, and one can only deposit dollars in them. dell does not have a receiving blockchain address, or a bitcoin-denominated account in some bitcoin service. They have an account at BitPay, but they do not keep bitcoins there. Like most merchants that "accept bitcoin", when a customer chooses to "pay with bitcoin":
* the customer is redirected to a BitPay page, and the merchant tells BitPay the price in USD;
* BitPay computes the amount of bitcoin needed and displays that to the customer;
* the customer issues a blockchain transaction request that sends the bitcoins to BitPay;
* BitPay checks whether that transaction request is valid and has propagated to enough nodes;
* Bitpay tells the merchant that the customer paid the specified USD amount;
* the merchant trusts Bitpay and tells the customer "payment received, purchase successful";
* at the end of that day, Bitpay wires the USD amount to the merchant's bank account;
* eventually the bitcoin deposit into BitPay's wallet is confirmed by the network;
* sometime later, Bitpay sells those bitcoins to replenish their USD reserves.
Note that at no time the merchant had possession of the bitcoins.
To be honest you are assuming that they are not keeping a % of the payment in BTC with their payment processor.
Also what is important to note is that BTC like USD,CAD,YEN,CHY,GBP and any other currency is being accepted for payment
817.
Post 10391810 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
9:42PM EST
10:22PM EST
818.
Post 10392122 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Jorge,
What metric would you use to consider bitcoin a success?
I mean a minimum success you would think about personal use.
Is there a daily equivalent a USD transacted that equals minimum success or a number of transactions (excluding change if that could be quantified)?
What about use for the supply chain? I.e. sell goods for btc and pay for wages or purchase supplies with that btc
I was asked this soon after I started posting here, and my answer is still basically the same:
Bitcoin will be a success (as a currency) when a significant number of people spontaneously choose it to pay for
legal purchases,
because it is better for them than the alternatives. "Better" may include cheaper, safer, simpler, faster, or any other operational advantage. But I would
not count people who use it just out of curiosity, because they are invested in bitcoins, for political/ideological reasons, or because they are interested in the technology.
I don't see that happening yet.
However, since then I have come to realize that bitcoin was never intended for large-scale use, but only to test whether the solution proposed by Satoshi to the "distributed ledger problem" (block reward + proof-of-work + longest-chain-wins) would indeed motivate the miners to maintain the ledger and protect it from malicious attacks.
The experiment has been running for 6 years, which is remarkable; but it exposed one flaw -- the centralization of mining -- which may require another genial idea to solve.Some possibilities have been suggested, however I will wait and see how the block size increase will effect the network first.
Yet if carbon credits and taxation ever take a foothold that would be an immediate deterrent for centralized mining.
819.
Post 10392160 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
no pump and no dump on weekend?
It is starting to get too boring
820.
Post 10395036 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
I am bored
Now back to being bored
8:05AM EST
8:08AM EST
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8:30AM EST
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10:05AM EST
821.
Post 10395235 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
too true ...i'm sad whenever i see the chart buddy ignored pop up when i check this thread as a new post...
alas...chart buddy is too lame......i think I'm too cool for chart buddy..
(in that I got a KNC Titan I likely am very very wrong on this)
sorry chart buddy
(they should make the ignore on chart buddy say that chart buddy is ignoring all that put him on /ignore....that would be funny as hell)
Don't stress over his comment after all this is the "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion" thread.
^ChartBuddy just put you on ignore.
His pride as a FUD master had been wounded so he has conceded.
822.
Post 10395255 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
No no--I'd never ignore ChartBuddy. I meant ChartBuddy has put Sitarow on ignore for constantly spamming the thread with humungously huge screencaps of charts.
Oh my bad
I do attempt to keep it under width 1100.
If others wish I can lower it to 900
823.
Post 10395294 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
^ChartBuddy just put you on ignore.
Sometimes I dont even understand that what his chart is about.
how do you make it?
yourself or ypu just copy from somewhere?
Chart buddy is a service to update the thread on BTC only.
As far as my posts it is all manual. In 2-3 weeks things will have changed and people would have gotten accustom to the new trend.
824.
Post 10396453 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
825.
Post 10396525 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
everyone... i do not believe this is going sub-200 again. every time it drops there is a huge battle.
lawl.
Very battle on such declining volume, so impressive.
your bears are weaksauce .
826.
Post 10396594 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
11:41AM EST
Hello Sitarow, i really appreciate your work posting chart data, but some images are about half mega and draining fast my mobile internet plan (500Mb) , also, they are pretty big and difficult to read on a phone like the S4.
Is there any way you can make them smaller or hide under some spoiler tag? Thanks a lot
I will see what I can do
827.
Post 10396710 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
11:41AM EST
Hello Sitarow, i really appreciate your work posting chart data, but some images are about half mega and draining fast my mobile internet plan (500Mb) , also, they are pretty big and difficult to read on a phone like the S4.
Is there any way you can make them smaller or hide under some spoiler tag? Thanks a lot
I will see what I can do
Does this work? It should be a huge reduction on size.
828.
Post 10398741 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
4:11PM EST
829.
Post 10398851 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
4:11PM EST
thanks for the smaller graphic
NP
830.
Post 10400071 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Today a fake news about "A Hong Kong based exchanger mycoin.hk run off with 3 billion HKD (around 380 million US dollar)" came out in public, however the number of money lost in this news are FAKE!
Remember the $10 dollar fake bitcoins sold at Mtgox's last life cycle, If you took the risk to buy 1000 of them, can you say you lost 1000 * $220 current market price = 220,000 dollars? Well Hong Kong media definitely do so, same thing is happening again with mycoin.hk.
Most bitcoins lost at there were bought at less than $20 US dollars each!
news link:
http://www.scmp.com/news/hong-kong/article/1707565/investors-fear-hk3b-losses-closure-bitcoin-trading-companyhttp://money.udn.com/storypage.php?sub_id=5603&art_id=696371http://cablenews.i-cable.com/webapps/news_video/index.php?news_id=451648....
These news are
ALL USING THE FAKE NUMBERMost Hong Kong local news reporters don't understand the whole thing or just make up this huge number to create the "big lost" story in the name of bitcoin(
new tech + big lost always take eye-balls),
I will show you how this "3 billion Hong Kong dollars" was made out:
Mycoin.hk is the runoff exchanger here (NOT mycoin.com, some media reporters mistaken reporting the exchanger's website domain), This exchanger has a really small market share, even smaller than kraken.com, it used to have around 500 btcs trades per day but about a half year ago it started to delay and stop processing client's withdrawals, since it's too small not many people even know about it, only some of their clients talked about it at months ago.
Mycoin.hk also set the daily bitcoin withdraw limit to 0.5 btc per day(since 3-5 months ago), then 0.1 per day(since about 2-3 months ago), then 0.01 per day(since 1-2 months ago), during this crazy time, bitcoin price traded on their exchange market dropped from market price to $500HKD $200HKD $100HKD $50HKD $20HKD $10HKD.. There are two reasons of this drop: First, the exchanger was trying to attract fiat deposits and stop clients from asking withdrawals like the Mtgox did, almost every Chinese including Hong Kong citizens kept warning/laughing at this old trick, however there are always some people would take the risk and made deposits to buy their "super cheap coins" and hoping may be they can withdraw again someday, Second, the exchanger was trying to pretend everything is fine and their trading activity is still high.
Most people in Mainland China and Hong Kong SAR know about this situation at long long time ago (people talked about this at many Chinese bitcoin forum since the end of 2014), Now today the exchanger finally gone down as everyone's expected.
The interesting thing is now the media journalists sum all the bitcoins in mycoin.hk's clients accounts and get the 3 billions HKD number from:
Amount of fake and super cheap bitcoin * current market price = 3 billions HKD <-- well, this is fake because most of bitcoins there never existed and were "bought" by risk takers and existing desperate clients at a price from $500hkd(60 USD) to $100hkd(16 USD) to $10hkd(1.2 USD) in recent months.
In conclusion, A really small exchanger gone down, less than may be let's say half million HKD(including real bitcoins deposited at there) is lost (because mycoin.hk stop processing withdrawals at long time ago, some real clients must have lost something), "100000000+" or whatever fake bicoins bought at there at a super discount price (99.9% off) are also gone, a so call "3 billions HKD (300 millions USD) lost" was added up by media reporters with a formula "never existed & super cheap fake coins" * current market price = "fake 3 billions HKD"
If you are waiting for those "never existed & super cheap fake coins" dump into the market, not gonna happen,
If you are waiting for Chinese market to panic, give it up, most Chinese know the mycoin.hk exchanger would runoff at a half year ago
That's it, thank you for reading, and please, if someone know or connected to the Hong Kong news media please ask them to correct this outrageous howler.
Are you sure?
7:25pm EST
831.
Post 10400493 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
832.
Post 10404481 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
YOU HAVE BEEN WARNED HOURS AGO BULLTARDFOOLS!
Translation: YOU HAVE BEEN GIVING THE STUPID, COMPLETELY UNCONVINCING MADE UP FUD (THAT WILL NEVER BE VERIFIED) HOURS AGO, SHEEP! BECAUSE WHALES NEED A STORY BEHIND THEIR RANDOM DUMPS!
Translation:
Sell me your coins on the cheep quick! I am getting more and more afraid as it looks like the promises of sub$200 BTC was a smoke screen that I and many other hodlers fell for. We want BTC! Quick before people realize what we did and it goes up up up.
@Fonzie sure sure.
This has been a DRK pump since yesterday.. Nice attempt at bait and switch.
833.
Post 10404506 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Sad DRK pump since yesturday.
7:45AM EST
so the scam was..
give me money and i will mine bitcoin for you...
ran off with money...
bitcoin never got mined...
-> there will be no dump
Seems so.
834.
Post 10405581 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
835.
Post 10406369 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
11:15AM EST
836.
Post 10406502 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
I used to be able to do the same thing in the US, deposit money in a bank account and get btc.
And he reuses the same address
Used to be able to fund my exchange acct here in Canada that way too, but banks kept closing their accounts. Withdraw cash, cross street to their branch, deposit. Simple. Now it is a 10 day process (labelled 3-5 business days, but good luck with that) And the fees are more than .027btc. That won't even get you a coffee at Starbucks here
It seems Cavirtex has opened up more options recently.
https://www.cavirtex.com/deposit_methods
837.
Post 10407420 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
1:04PM EST
838.
Post 10409193 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
839.
Post 10409477 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
3:54PM EST
this pic explains everything that is wrong with btc-e
It gets worse.
Those attempting to pickup the momentum. However the wash is already over.
840.
Post 10409646 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Pathetic attempt from the bears... surprise surprise
I sold at $220 so we better fucking go down.
Might see another mini dump to 216-218, but I don't think its going to go much lower than that.
been in the range of 215-224 today. Probably will continue within that
We should expect more volume as previously absent miners to join in the fun.
841.
Post 10409692 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Pathetic attempt from the bears... surprise surprise
I sold at $220 so we better fucking go down.
Bullish...
BTC/PPC volume. .
842.
Post 10409838 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
Pathetic attempt from the bears... surprise surprise
I sold at $220 so we better fucking go down.
Bullish...
BTC/PPC volume. .
What news did i miss?
No news. They are just using drk and alts rather than btc and ltc for now.
They went in USD and out in BTC Without effecting btc/usd much.
Late comers are still ripping each other off in the aftermath.
5:30PM EST
6:28PM EST
6:40PM EST
843.
Post 10412054 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
12:10AM EST
844.
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845.
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9:45AM EST
846.
Post 10416529 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
http://bitforum.info/t/a-50-drop-in-cryptocurrency-transactions-this-year-is-imminent/226?u=angelo/"Juniper Research's recent report said that volume of the transactions made by cryptocurrency will be decreasing by 50% as we approach the end of 2015.
Dr. Windsor Holden who authored the study, gave different factors as proof why he reached that conclusion. The study mentioned Dogecoin, Litecoin and Auroracoin for their strong 2014 start, but also cited a 5% value drop in dollars in the transactions they made on the same year.
It was implied that these drops might reach 50% by the end of this year.Although big companies and leading retailers are now considers Bitcoin as a payment option, the report is still not on our side. According to the study, they believe that the cryptocurrency technology does not appeal to the "not-so-tech-savvy" people.
This means, although big merchants and businesses are now accepting bitcoin, that will not solve the problem. To solve it, user adoption should increase as well.
Dr. Holden further added more factors about the result of their research. For example, he doesn't believe that cryptocurrency regulation and licensed exchanges will not be of help in cryptocurrency's stabilize its economy because of the fact that people stay away from dealing with it because they feel unsecured, a result of the incidents that happened in Mt. Gox and Bitstamp...."
For example, he doesn't believe that cryptocurrency regulation and licensed exchanges will not be of help in cryptocurrency's stabilize its economy because of the fact that people stay away from dealing with it because they feel unsecured
Idiotic.
We are reliving historic moments.
https://bitcointalk.org/index.php?topic=51859.0My favorite quote from 2011 lows..
My how wrong can a person be.
To answer the question in the thread title...we're going all the way down. There simply is no reason for bitcoins to be worth more than a $1, no reason at all. Nagle has been right. When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon.
Why the "magical" $1. It seems everyone who is convinced that Bitcoin is overvalued is absolutely positive it is worth $1. Of course they have no data to support how much Bitcoin is overvalued nor how it is properly valued at $1.
I mean why $1? Why not $0.10 or $0.01 or $0.001?
Notice I didn't say bitcoin is or should be worth $1. I said there's no reason for it to be worth
more than $1. It's probably going to be worth less in the coming months.
847.
Post 10416719 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
...
last year they predicted BTC would fall to $10.
...
Hold tight, Tiger. We're getting there.
Nice slight of hand. Pump DRK and Lower BTC/USD.
However the volume is lowering. Pump almost over just like PPC yesturday.
10:30AM EST 2015-2-10
848.
Post 10418068 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
You guys watching finex? Someone does not want it over $220. Insta 3k BTC sell wall, LOL
When we go over 250 expect to see many sad faces on btce.
849.
Post 10418738 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
850.
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851.
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4:22PM EST
852.
Post 10422786 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
11:18PM EST 2015/02/10
853.
Post 10427111 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.57h):
854.
Post 10431819 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
855.
Post 10455396 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
856.
Post 10462115 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
Going to leave this here
What would you do?
Source.
WOW... People are deleting their troll posts like crazy....
857.
Post 10466177 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
858.
Post 10467637 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
bter hacked, ~7k bitcoins stolen. Prepare for dump.
never had the coins. Fractional reserve is bad apples.
859.
Post 10467828 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
Another exchange crashed. Willit have an effect on the price of bitcoin ?
860.
Post 10467973 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
861.
Post 10468436 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
862.
Post 10471458 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.58h):
863.
Post 10488317 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
cooked to the upside cooked to the downside ... i wouldn't be at all surprised if the great majority of the volume and ask and offer orders conducted on these unregulated exchanges is being done by the exchanges themselves ... which has been repeatedly evidenced every time one of them goes down and shows the "actual" book ...
True, we need a regulated exchange or even better a decentralized one
Decentralized one would be fun.
864.
Post 10491786 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
865.
Post 10492896 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
Dispite some being unhappy with how the IPO delisting issue was handled. In an effort to comply with Canada and Alberta laws, that most likely was a result of Havelock investment platform being sold offshore.
They have been proactive in preventing customer losses.
www.bnn.ca/Video/player.aspx?vid=468809They have also been an integral part in attempting to have BTC regulations that would not slow adoption and promote growth by participating in the Canadian Bitcoin senate hearings.
https://www.youtube.com/watch?v=xUNGFZDO8mM
866.
Post 10501102 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
Dispite some being unhappy with how the IPO delisting issue was handled. In an effort to comply with Canada and Alberta laws, that most likely was a result of Havelock investment platform being sold offshore.
They have been proactive in preventing customer losses.
www.bnn.ca/Video/player.aspx?vid=468809They have also been an integral part in attempting to have BTC regulations that would not slow adoption and promote growth by participating in the Canadian Bitcoin senate hearings.
https://www.youtube.com/watch?v=xUNGFZDO8mMI forgot to include the link to the Senate hearing.
https://www.youtube.com/watch?v=v-aBJm9SerE
867.
Post 10501421 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
10:45AM EST
868.
Post 10503429 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
12:05PM EST
869.
Post 10504030 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
2:05PM EST
870.
Post 10504450 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
2:55PM EST
871.
Post 10504982 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
4:05PM EST
872.
Post 10506523 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
7:35PM EST
7:38PM EST
^Fire sale!
Edit: This was supposed to be pointing at the Virtex order book
FTFY
873.
Post 10510993 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
874.
Post 10513866 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
12:39PM EST
875.
Post 10514995 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
2:15PM EST
876.
Post 10518511 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
877.
Post 10545111 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
878.
Post 10545758 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_13.59h):
879.
Post 10546838 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
880.
Post 10556065 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
Getting bored of checking the price every day ZZZZZZZZZZZZZZ.
Wake me up in 10 years.
http://www.tomshardware.com/news/stripe-now-accepts-bitcoin-payments,28601.html
881.
Post 10566081 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
882.
Post 10566516 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
883.
Post 10593471 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
884.
Post 10593682 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
Thanks for the update Sitarow-
I'm not really sure what to think about the markets right now. We seem to just be holding steady and going sideways in a pattern on multiple fronts or slightly down in all of BTC/LTC/NMC/PPC. There just isn't much volume anywhere either. LTC has been especially stagnant except for few attempts to move the market. (Random Cryptsy dumps filling the buy/order book). Nothing happened after those moves though; just strange. I'd expect a correlated rise or fall which would inversely transfer into another market, i.e. from ltc into btc or vice versa, but nothings happening in any arena. Is it relatively safe to say that everyone is just waiting on 'something' to happen? I.e., 30 days until implementation of NY Bitlicense and/or the Marshalls Auction? (Is the auction next week)? I was expecting to see some significant movement leading up to the auction but maybe it's still a bit premature? One way or another my popcorn is getting cold! I was expecting a show!
On another note, anywhere care to speculate on what the effects of the NY BTL will have on the markets and/or exchanges? Think they will try to assert jurisdiction over BTC-E? And has anyone noticed delays moving coins? (I made a withdrawal of ltc that took far too long to move for my comfort levels).
I expect weekend movement before the silent bids next week.
The Bitlicense 30 day comment period is over march.
www.coindesk.com/30-day-comment-period-bitlicense-begins/As for BTC-E paul hinted at development of a Bitlicence BTC-E exchange. The chat is on a few screen shots from btc-e trollbox that I had recently posted.
FEB 9TH 2015 1AM UTC
885.
Post 10594594 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
886.
Post 10594710 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
Very interesting regarding btc-e and licensing. I hope they do. I would be interested in helping contribute depending on what they sold shares at. You could try to use lighthouse to crowdfund the business lol. Make it a DAC. Working on the legal intricacies would be a blast too. It's funny when you look at what's happened with some of the other 'licensed' exchanges and then you compare that to btc-e's op/sec and they still seem to be standing strong but then again there could be an unintended or intended consequence of not going after them... I figure they'ed also need msb/regs too though, the total cost + licensing would be steep I figure. You might be able to buy like a deli who already has a mtl but that would lock you in just for that state.
sitarow- that gif was great. lol
Takes a while to load. gifv at the end would be better. I may end up making it a link rather then embedded.
887.
Post 10595957 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
888.
Post 10595990 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
It is usually the other way around.
889.
Post 10596055 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
Four Punch Raiders playing.
No no not dem yet.
890.
Post 10596194 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
You wanted volume? You got it!
891.
Post 10596499 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.00h):
Looks like peeps in BTC-e are a little slow.
892.
Post 10598140 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
893.
Post 10598264 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
Thanks for the graphic , It show many important site ! Can you give me please the link to the site i want to
add it in my website
BTCCharts.com
894.
Post 10599983 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
895.
Post 10602249 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
896.
Post 10602657 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
897.
Post 10603425 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
898.
Post 10604494 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.
I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!
Can you still wire money in? Do they take CAD deposits still?
899.
Post 10604944 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
900.
Post 10605321 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
6PM EST 2015/02/27
901.
Post 10615681 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
902.
Post 10615748 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
I have to admire LambChop's relentless bitcoin dissing.
We will remember your efforts when we are sipping Dom Perignon on our yachts in Monaco.
Simple manipulation taken the forum of hypnotic messages spewed out by the Bitcoin BearTrolls
Is that ever a cool image.
up is down, down is up.
Deleted it as it may trigger an epileptic episode.
903.
Post 10620302 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
Trying to call the tops and bottoms at this time may be foolishness.
When the trend moves up the nickle and dimes people risk today will look as foolish as when BTC was at sub $30.
904.
Post 10621443 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
905.
Post 10624592 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
906.
Post 10624632 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
The only more sensible place to put your USD at the moment is Dark Coin !
not.
907.
Post 10629253 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
908.
Post 10631986 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
909.
Post 10632664 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
910.
Post 10633795 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
911.
Post 10633890 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
912.
Post 10634425 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
913.
Post 10634816 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
914.
Post 10634868 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
915.
Post 10635042 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
916.
Post 10635246 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
917.
Post 10635515 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
918.
Post 10636870 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.01h):
919.
Post 10642675 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
This is what a "Failed" Shorting on leverage attempt looks like.
OKCoin
Bitstamp
Bitfinex
BTCCharts 2015-03-03 9AM EST
920.
Post 10642983 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
^ what I'm I looking at in those charts?
The price to sold volume did not move substantialy to merit any profit. Shorts in this market is the riskiest it has been. Adjusting to a market reversal will be costly to the inexperienced.
Still attempting to push prices down but the market is in the bulls favor.
921.
Post 10643159 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
922.
Post 10644861 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
923.
Post 10645135 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
924.
Post 10645323 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
Bullish.....
https://bitcoinmagazine.com/19465/breaking-canadian-exchange-quadrigacx-become-worlds-first-publicly-traded-bitcoin-exchange/Breaking: Canadian Exchange QuadrigaCX to Become World’s First Publicly Traded Bitcoin Exchange
by CHRISTIE HARKIN on MARCH 3, 2015
QuadrigaCX, Canada’s largest bitcoin exchange, is poised to become the world’s first publicly traded bitcoin exchange. It is set to trade under the public company name of “Quadriga Fintech Solutions” and its listing has been submitted and approved. Public trading is expected to commence with the Canadian Securities Exchange (CSE/CNSX) ticker symbol “XBT” by early April.
925.
Post 10645925 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
Not 100% sure if anyone will create an account. However with cavirtex halting buisness QuadrigaCX is the next bitcoin exchange that I will be using for CAD. Located in Canada Vancouver.
Feel free to use the referral link to setup an account if you have not done so.
The Quadriga CX Referral Program pays 10% of all fees generated by your referrals. To refer users, provide your custom Quadriga CX Referral Link.
The referral link:
http://www.quadrigacx.com/?ref=ms14earfn8pv3x1ksap61olj
926.
Post 10646151 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
927.
Post 10646356 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
928.
Post 10650052 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
929.
Post 10658743 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
930.
Post 10661930 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
Another questionable shorting attempt large volume little price movement down and little buy pressure raises the price up.
Bitfinex 6:17PM EST
Bitstamp 6:17PM EST
931.
Post 10672879 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
932.
Post 10674251 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
933.
Post 10674551 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
934.
Post 10675304 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
935.
Post 10675319 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
Laughable how this dumb scared whale(s) is constantly buying so the positive momentum could continue. If you look at the chart, the price wants to plunge into the shitter and everytime it does that for a longer period, you see these sudden bursts...
Somebody is about to lose a shit ton of money.
Yeah, it's bears gonna get burned. We know you're upside down on your shorts. We even gave you a chance to get out cheap today, but you got greedy. Now You gonna pay, Beyotch.
What is not showing in that chart is the volume of leverage shorts to drop the price is high but the volume to raise the price is low and the BID side keeps growing.
Those who use leverage to short in this market will indeed be upside down.
936.
Post 10680356 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.02h):
937.
Post 10687682 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
938.
Post 10694937 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
939.
Post 10696440 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
940.
Post 10697967 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
I have some extra fiat... buy now or wait for a dump?
The mind plays tricks on us.
Here is some proof.
Is the A square and the B square the same shade?
941.
Post 10707813 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
11:42PM EST 2015-03-08
942.
Post 10717212 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
So far so good... So far so good... So far so good.
It's not the fall that matters, it's how you land.
Volume is strong.
943.
Post 10718365 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
944.
Post 10718738 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
945.
Post 10719527 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
946.
Post 10719902 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
947.
Post 10720005 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
948.
Post 10720233 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
949.
Post 10725016 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
950.
Post 10725588 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
951.
Post 10725681 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
952.
Post 10727504 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
13:31pm EST
953.
Post 10731315 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
7:45PM EST
954.
Post 10731347 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
955.
Post 10731668 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
Simple profit taking?
Make it quick
956.
Post 10731706 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
Simple profit taking?
Make it quick
There's certainly a bit of a dump going on right now on Bitfinex.
I don't call that a dump low volume.
957.
Post 10733024 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.03h):
958.
Post 10736855 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Interesting to see how some people try to crash the price and others try to start a rally... And none of them have success
It takes little effort and low volume to raise the price in this market.
959.
Post 10738394 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
960.
Post 10739597 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
961.
Post 10741492 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
962.
Post 10742586 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
963.
Post 10743033 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
964.
Post 10743616 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Still no sign of the trolls. This really could be
the reversal
Trolls were being paid to try to suppress the price until the auction for an auction bidder? Now its done and he has his BTC so no more trolls?
You don't say :*(
965.
Post 10743839 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
966.
Post 10744445 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
967.
Post 10744529 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
968.
Post 10745108 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
969.
Post 10751498 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
970.
Post 10753706 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
971.
Post 10756883 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
972.
Post 10757125 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
973.
Post 10759647 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
6:40PM EST
Last 4 Hour Volume
6:51PM EST
974.
Post 10759980 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
975.
Post 10762770 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
976.
Post 10765142 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
977.
Post 10765342 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Buy volume is picking up. 2 Hour Volume
978.
Post 10765465 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
5:35PM EST
Buy volume is picking up. 2 Hour Volume
Look at a chart, ain't no buying volume picking up
The buy vs sell in the last 2 hours on the right hand side will tell you that the trend has moved. Does not take much buy volume to keep prices from dropping despite the larger sell volume for the last 6 hours.
On the left you can find the 4 Hour volume.
5:53PM EST
979.
Post 10765674 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
The buy vs sell in the last 2 hours on the right hand side will tell you that the trend has moved. Does not take much buy volume to keep prices from dropping despite the larger sell volume for the last 6 hours.
On the left you can find the 4 Hour volume.
5:53PM EST
Ah, I don't know how to read those charts... Thought it was bids and asks on each exchange
It's all about clarity,
Here is the 4 hour 6:17PM EST
The gap buy vs sold is closing and the volume to raise the price back up to $290's on btc-e is low so those that sold a larger amount of BTC in hopes to grab coin cheep may be jumping in soon.
Here is the 1 Hour Volume at 6:27PM EST
Buying pressure as that wall at $288 was purchased and not pulled.
980.
Post 10766141 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
4Hour Volume 7:24PM EST
981.
Post 10766263 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
982.
Post 10766395 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
983.
Post 10766489 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
It's all over guise.
Time to delete the private keys and go post trains and rockets on USDtalk.org
https://www.youtube.com/watch?v=yKP7jQknGjsEdit:
If you have not guessed please sell us your coins
984.
Post 10766527 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
985.
Post 10766635 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
986.
Post 10766676 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
I wouldn't close shit even if it did go to 200. I'd go long in 1x,xxx
Always add to a losing position. Bitcoinbulltard trading rule N° 1. -
Check
You will have to pry them from my cold dead fucking hands.
Martyrdom. Only weak hands cut their losses early. Rule N°.. 2 -
CheckMay god bless you all.
Anyway, thanks for the cheap USD.
1 Year Chart
1 Decade Chart
http://www.marketwatch.com/investing/index/dxy/chartsUSD index value at 100?
CheckNegitive inflation in USA
CheckIntrest rate hike and oil down
Checkhmm what will happen to BTC when USD index drops back down?
987.
Post 10766735 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Nothing at all???Mainly because Chinamen miner and gambler doesn´t care about it. Second a small pennystock with merely 4 billion market cap has little to none correlations with the USDX. Bitcoins value is defined by pump and dumps, over leveraging, fake CNY/USD at exchanges, and the continuous attempt to lure in bigger fools all the time, which is absolutely necessary due to the high inflation in Bitcoin. Also almost no real life usage beside a few millions USD changing hands in online black markets.
Ether you are a sincere individual or a hapless fool. Clearly you understand little about the global currency situation.
988.
Post 10766779 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Sry mate, it's 14.3.15.
Close, but no sigar.
989.
Post 10766914 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
fonzie it is as you said.
Look at the Euro to RUB vs US to Euro.
At this rate I wonder who those in Europe will want to do business with.
We can't have that now with the bricks around the corner... Can we?
990.
Post 10767090 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
991.
Post 10767109 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
fonzie it is as you said.
Look at the Euro to RUB vs US to Euro.
At this rate I wonder who those in Europe will want to do business with.
We can't have that now with the bricks around the corner... Can we?
Correlation does not imply causation. I have seen that the price of ostrich eggs has gone up exponentially since december 2013. I´m pretty sure that´s the reason for the BTC bear market. Wasn´t it you who always tried to forecast the BTC/USD price with the help of
analyzing the altcoin trades(with almost no real BTC volume) on BTC-E? Do you still believe that it is a reliable and verifiable method?It has not been used as often as evident in this dip. I have since found that to indicate that any drop in USD as being only a temporary drop since not much USD is moving into LTC or alts for that matter.
At least this is for the near term.
However it does not rule out the effect of having USD index at 100 and how it plays in the global currency war's that have been evident since June/July 2014
As far as Alts vs BTC the market is focused on BTC.
992.
Post 10767217 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
fonzie it is as you said.
Look at the Euro to RUB vs US to Euro.
At this rate I wonder who those in Europe will want to do business with.
We can't have that now with the bricks around the corner... Can we?
Correlation does not imply causation. I have seen that the price of ostrich eggs has gone up exponentially since december 2013. I´m pretty sure that´s the reason for the BTC bear market. Wasn´t it you who always tried to forecast the BTC/USD price with the help of
analyzing the altcoin trades(with almost no real BTC volume) on BTC-E? Do you still believe that it is a reliable and verifiable method?It has not been used as often as evident in this dip. I have since found that to indicate that any drop in USD as being only a temporary drop since not much USD is moving into LTC or alts for that matter.
At least this is for the near term.
However it does not rule out the effect of having USD index and how it plays in the global currency war's that have been evident since June/July 2014
I do not deny that there is a huge currency war ongoing, but Bitcoin is lightyears away from taking any part in this game. It barely got a ticket as a spectator. He´s sitting in the back row, on a broken chair, in the rain watching the big boys play dreaming of a better future for himself when it grows up. But i fear that that his dreams will burst like a bubble... which will lead to another another teenage suicide for the statistics
That sounds reasonable and caution is always warranted. However one thing I do see is how despite the overall decline of currency's toward USD it seems from the date BTC has been resilient perhaps an effect due to it's global nature.
993.
Post 10767262 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
pretty sure its perfect time to buy
Definetly NO.
Maybe in low 27X $.
271-273
If bears go in for a picnic then 265ish.
994.
Post 10770315 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Not sure why a redundant and markedly less adopted coin like LTC would be a factor in the above analysis.
You're not the only one. I know altcoins tend to follow Bitcoin and mimic its movements, but Sitarow tries to predict its price from the other side, by looking at the altcoins
It's likely that some traders are moving money between the coins and investing in the ones that are pumping, but I don't think the number of such traders is large enough to dictate price.
The Altcoin volume in this recent BTC to USD price correction has been far lower then that experienced over the last month or two.
Ltc as well as a few altcoins traded on Bitfinex have always been a go to haven as some traders for one reason or another tend to trade only in crypto.
Yet the technique to use altcoins to influence prices between BTC/ALT and BTC/USD BTC/CNY to cash out large sums of alt coins at a higher price has been used and demonstrated in my past posted charts.
Here is a small volume of LTC/BTC on BTC-E from the last 48 hours.
Here is the moderate volume of LTC/BTC on Bitfinex
As far as the "floor" on this BTC/USD drop I also use the 24 hour trading volume Bought vs Sold to indicate a market trend and confidence.
We have indeed met resistance.
8:35PM EST
Check the volume on the left. Bitfinex seems to be oversold. This maybe the result of arbitrage from Bitstamp to Bitfinex. (Loaded) ?
995.
Post 10770979 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
@DeadCoin
Please don´t quote the trolls. Especially not INCA, he is the most obnoxious one among all of them. All his bull-FUD spreadin and scamming attitude combined with the aggressive hateful atmosphere that he creates makes me want to leave BCT every time someone quotes him.
Thanks
So true.
However if no one takes them seriously guys like the ones in the captions below can be entertaining.
http://www.topgear.com/uk/videos/1866681861
You can find more here
http://imgur.com/gallery/KKr9M
996.
Post 10771441 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
997.
Post 10771916 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
998.
Post 10774079 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
999.
Post 10776145 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
1000.
Post 10778836 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
1001.
Post 10781429 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
There's a wall in under 300$, let's see if we can cross it.
Important to note is that Bitcoin to USD price history has not been manipulated, unlike other historically respected reporting authorities regarding climate conditions. Indeed the internet has put a wrench on the concept of information manipulation. However may change soon. Making blockchain tech is so important..
https://www.youtube.com/watch?v=4Ew05sRDAcU&t=266
1002.
Post 10784104 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
1003.
Post 10786183 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
1004.
Post 10792023 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.04h):
Tension is accumulating!
About to explode somewhere... Downwards, as a traditional weekend dump?
2015-03-16 12:36PM EST
1005.
Post 10801290 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1006.
Post 10801583 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1007.
Post 10806944 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
BTCCHARTS 2015-3-17 8:34pm EST 1hr volume
1008.
Post 10811530 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1009.
Post 10814099 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1010.
Post 10814180 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1011.
Post 10814395 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
This is just the beginning imo.
To much unknowns atm.
1012.
Post 10818181 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1013.
Post 10818905 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
Well, I only lost 15 bitcoin today...
that not good. Did you sell to realize those losses?
1014.
Post 10819021 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1015.
Post 10820203 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1016.
Post 10825284 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1017.
Post 10831913 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
This past hour has had low volume.
2015-03-20 8:44AM EST
On all exchanges and no price rise.... Usually ends with a dip. Unless it holds sideways before the volume starts picking up.
1018.
Post 10832613 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
1019.
Post 10835121 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.
I ask again, has your monkey got this bitcoin thing down yet? I know he/she was a bit weak several months ago.
Definitely improving. This year he wanted me to buy at 200 on 1/20, and at 215 on 2/10, then wanted me to sell at 292 on 3/11.
I wasn't paying attention at the time, though. Right now, intraday, he thinks it goes up for an hour or two, then pulls back. He
sees near-term resistance at 272 and support in the 242-253 range, pegs daily support at 236-245, and says it will turn up by
Tuesday. (He's constantly adjusting, until he makes a buy or sell signal, then he stands pat and lets price decide if he was
right or wrong.)
On a weekly basis he says the buy point was 2/1, expects a few more weeks of up-trend, and again sees resistance at 378-380,
but allows that it may not turn, but only take a correction, to end the contiguous trend.
Long term projection?
Is anyone else getting dizzy?
1020.
Post 10837766 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
so funny to read that about btc-e.
I mean if US government is okay with confiscating (stealing) and selling some drug coins why would an anonymous exchange refuse to accept them?
wtf.
"sound money" they said.
They may have been requested by the Authorities to watch for suspicious deposits and take steps to initiate targeted anti money laundering steps.
1021.
Post 10837822 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
so funny to read that about btc-e.
I mean if US government is okay with confiscating (stealing) and selling some drug coins why would an anonymous exchange refuse to accept them?
wtf.
"sound money" they said.
They may have been requested by the Authorities to watch for suspicious deposits and take steps to initiate targeted anti money laundering steps.
so 1 btc is not 1 btc anymore because authorities?
It's more along the lines of preservation and prevention of being another victim exchange.
~ as a result of a crime, accident, or other event or action.
synonyms: sufferer, injured party, casualty; More
a person who is tricked or duped.
Case in point the end of an Era
UPDATE: Withdrawals are being reviewed and people are able to do them once checked for "malicious activity"
1022.
Post 10837920 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
btc-e BTC withdrawals are working btw. Gotta love bitcoin!
1023.
Post 10837999 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
That may happen once Bitlicence takes form.
1024.
Post 10838091 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
That may happen once Bitlicence takes form.
Isn't BTC-e still mostly anon when it comes to it's ownership? Do you think a
Bolivan? exchange would care what NY says/does?
Money talks
and they are out to make it!
1025.
Post 10838231 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
So at what point does the (insert govt name here) Govt come to the exchanges and demand all of these "dirty" coins. After all they were part of unlawful activity, therefore they all go to the Govt. Kind of like cash forfeitures.
This is an interesting little slope here......
One thing to remember about technology and the btc network is that it will adapt to deal with intolerable actions. Such as a distributed exchange.
1026.
Post 10838386 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.05h):
So at what point does the (insert govt name here) Govt come to the exchanges and demand all of these "dirty" coins. After all they were part of unlawful activity, therefore they all go to the Govt. Kind of like cash forfeitures.
This is an interesting little slope here......
One thing to remember about technology and the btc network is that it will adapt to deal with intolerable actions. Such as a distributed exchange.
And how does this distributed exchange deal with fiat transfers to not so distributed bank accounts? A sort of localbitcoins with a distributed back end?
Bitcoin was designed to be able to transfer bitcoin globally without controls, not to be able to cash fiat in and out at both ends without control.
That is one goal. The road to attain such goal will be met with unknown challenges and events.
1027.
Post 10839589 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1028.
Post 10839778 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
Dear "Stolfi",
I have come across the page:
http://www.ic.unicamp.br/~stolfi/bitcoin/2014-02-17-HowToMakeSomeEasyMoney.htmlIt appears you formed the impression around February 2014 that bitcoin is a pyramid scheme. Since that date, however, you have thoroughly educated yourself on the technology, tacitly admitting that it constitutes an advance in CS and in economics. In any case, you no longer think being a pyramid is one of bitcoin's top six drawbacks.
The bitcoin prootocol was a promising solution to an old distributed computing problem, yes; and the blockchain started by Satoshi on 2009-01-03 was a technical experiment to test it, yes. But the experiment revealed some serious problems, which were not clearly seen at the time, and still have no solution in sight.
Economically, as a "deflationary decentralized pseudonymous irreversible currency", bitcoin still makes no sense to me.
As an investment, I believe that it is fairly well illustrated by that money-making circle on my website. The bitcoin system does not create any real wealth (food, homes, cars, boat rides, haircuts...) Unlike the dividends and valuation of typical company stocks, any proft that one can make from bitcoin, wether by short-term trading or long-term "hodling", will be someone else's loss.
If bitcoin crashes, or never rises above the current levels, the losers will be obvious -- namely, all those who bought high and had to sell low, or will die holding the bag. When an investor uses his sweat-earned 260 $ to increase his holdings by 1 BTC today, he is either giving that money to a Chinese miner, or is paying for a bottle of fine French wine on Risto's table, or a new pair of designer ties for the Winklevoss twins.
But even if bitcoin "goes to the moon", the mansions and lamborghinis that the bitcoin holders will acquire, when they finally start spending their bitcoins, will not have been created by bitcoin. By spending those tokens, the bitcoin holders will take real wealth from society, without giving any other real wealth in return. In that case, the losers will be harder to pin down, because (as in my money-spinning circle) the loss will be diffuse and moving from hand to hand. Still, the total loss of the "others" will be equal to the gain of the holders.
So, in either case, the economic effect of bitcoin will be the same as that of any pyramid or ponzi scheme: it will only transfer real wealth from the late adopters to the early adopters, without creating any real wealth by itself.
Ponzi schemes are usually planned and managed by one person, which is not the case of bitcoin; but that not an essential difference. As some Indian economist aptly put it, "bitcoin is not a
deliberate ponzi".
I believe that Satoshi did not intend bitcoin to be a pyramid scheme, and that it only became one a couple of years later, when other people started viewing (and pushing) it as a serious investment, rather than a computer experiment. To the extent that people like Risto, Sielbert and the Winkles are still selling it as a way to get filthy rich without working, even with due risk warnings, it is still a pyramid scheme.
Would you consider removing HowToMakeSomeEasyMoney.html?
Of course not.
EDIT: Actually, whether bitcoin flops or goes to the moon, the losses of the losers will be much greater than the profits of the winners, because a huge amount of real wealth will be consumed by mining. Thus, in that aspect, bitcoin is not just a ponzi, but an egregiously stupid kind of ponzi.
This is ridiculous.
Around half my income comes in the form of bitcoin payments for copywriting and communications work with clients around the world. Payments are typically $50-300 each. Without bitcoin, it would be utterly uneconomical to transfer those amounts through the traditional banking system. There's clear value there to me: the ability to access global work, without which this month I'd have trouble paying my mortgage and feeding my kids.
And yes, to pre-empt your next point, I do pay my mortgage in fiat. But I also keep some in bitcoin, because it's the best way of paying for goods and services globally, like the gigs on Fiverr I've been using to create material for communications campaigns using professionals around the world, and because the punitive bank rates make it smart to keep the money in the system rather than going via fiat. Some of those people, I imagine, will do the same, and some of them are only able to access the work I give them because I pay in bitcoin, rather than be extorted by a fiat transfer. Ever tried sending $5 across continents by fiat? A clue: Fiverr wouldn't be called Fiverr any more. And so the bitcoins go round, providing a useful and valuable service as a fast, cheap means of international currency transfer.
I love that you're so engaged and enthusiastic about proving
bitcoin is a ponzi/scam/will never work, etc. Really. But while you're pontificating about why it
can't work, you seem not to realise there are people like me who are able to pay the bills and create real value for other people because it
does work.
These arguments against BTC have no truth to them. ALTS at this time? Sure. What makes BTC valuable is far greater then what makes it week. As far as end users and BTC, the price to USD as long as its stable for 1 to 2 hours is all that matters.
However a higher valued BTC to USD is welcomed as it would lessen BTC exposure to market manipulation that we have seen alts suffer from.
1029.
Post 10839837 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
...The bitcoin system does not create any real wealth (food, homes, cars, boat rides, haircuts...) ...
You are mistaken, bitcoin (the network) is a service, just like hairdressing. It fulfills the needs of small fraction of the society, although with a stupid waste of computing power / energy.
As long as dark markets and like will continue to use bitcoin, it will have intrinsic value. When / if they will stop, only then the value will converge towards 0.
"Intrinsic value" is difficult to define and measure; but, anyway, for the purpose of evaluating the contribution of a currency to society one should not count the purchase power of the currency itself as real wealth.
It is true that bitcoin, if it works as planned, should have a positive contribution to society: namely, it should reduce the fees of certain payments and money transfers. (Those fees transfer some real wealth from society in general to the banks and other financial intermediaries. While this process does not destroy real wealth, it may be argued that it is morally wrong, because the amount of wealth transfered is too high considering the service rendered by the bank.)
However, this hypothetical positive effect of bitcoin will be very small compared to its
"pyramid effect", the unwarranted transfer of wealth from late adopters to early adopters; and will probably be much smaller than the wealth destroyed by mining.
Currently, mining costs about a million dollars per day. Most of that
amount corresponds to destruction (consumption) of real wealth (mainly electricity and equipment), the rest being real wealth transfered from new investors to the miners (as minig profits and salaries). Allowing for changes in price and profitability, I would guess that, since it started in 2009, bitcoin mining has destroyed (consumed) at least 500 million dollars of real wealth. The total amount of bank fees saved in that interval cannot be more than 50 million dollars. As for the "pyramid effect", I have no idea of how it could be determined, but it too must be in the hundreds of millions. And I cannot see these proportions changing much over the next 20 years.
Your argument as to the cost of mining destroying wealth is not new and in your case may be disingenuous in its use. I seen this attempt at misinformation before however there is no "destruction" of economic value as the payments are still in circulation just not in the BTC economic network. Until those that sell us the electricity begin to use and hold BTC.
At this time moving Fiat value into bitcoin is becoming simplified however due to "issues" real or imagined that value is leaving the BTC economy and going back into Fiat when we pay for the electrical service fee's.
Update: I wanted to add that the concept used to equate BTC to the "pyramid effect" is shared if you were to equate Berkshire Hathaway Inc. to a "pyramid effect" and all costs to maintain the trading servers and techology including the effort to maintain its value equates to wealth "destruction".
Berkshire Hathaway Inc.(NYSE:BRK.B)"145.53 +0.65 (0.45%) Mar 20 - Close NYSE real-time data "
1030.
Post 10841328 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1031.
Post 10845791 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
i dont think your explanation of wealth pegged to real products works.
(hyper)inflation of national currencys which in the aftermath destroyed whole nations show the opposite.
/edit my bad
JorgeStolfi may not realize what he is explaining is not applicable to BTC but rather the current global economic reality. Why the rich "winners" get richer and the poor "losers" get poorer.
https://www.youtube.com/watch?v=btSrp8ZSqGMhttps://www.youtube.com/watch?v=btSrp8ZSqGM&t=230 euro disobedience
1032.
Post 10852973 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1033.
Post 10853459 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1034.
Post 10853749 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1035.
Post 10863848 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1036.
Post 10871001 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1037.
Post 10871084 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1038.
Post 10871769 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1039.
Post 10873005 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1040.
Post 10876380 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
1041.
Post 10877021 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.06h):
Just posting the P 12k, price is not exciting enough to post about.
Hoping Monkey is right on the turn. Buying in moderation...
http://www.bloomberg.com/news/articles/2015-03-24/bitcoin-getting-serious-as-nasdaq-nyse-step-into-digital-craze
1042.
Post 10881763 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
^Trend reversal?
unfortunately this is btc moving out of drk into ltc and btc usd.
Drk at cryptsy exchange and ltc at btce.
Looks like what we seen back when bitstamp stolen btc was being sold on the markermarket.
1043.
Post 10883546 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1044.
Post 10883886 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
All the activity is linked to pumping DRK then dumping into btc then ltc and usd.
LTC on BTC-e
1045.
Post 10884505 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
XMR BTC
2hr history
1046.
Post 10884723 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
were bitcoin holder moving out into darkcoin and xmr ?
No they are being used to launder the evo and other coins before dropping them into BTC/USD to exit.
1047.
Post 10885582 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
were bitcoin holder moving out into darkcoin and xmr ?
No they are being used to launder the evo and other coins before dropping them into BTC/USD to exit.
Sorry, I haven't been following the EVO drama very closely.
I remember reading that some funds had gone to btc-e possibly but has the withdrawal transactions actually been traced to an exchange?
Assuming they have, I guess a lot of the market movement starts to make sense, they have a crap ton of coins to clean and move and not destroy markets too much.
Any particular reason you think they're primarily using DASH/DRK as their medium of choice? Does it actually offer some modicum of anonymity or easier to manipulate?
By converting their BTCs to a random shitcoin (the one with more liquidity possible) they are able to leave no traces in the bitcoin blockchain or anywhere else.
Buy DASH with stolen BTC on an exchange, send DASH to other account (with a virgin BTC address), convert back DASH to BTC and there you go, perfect money laundering thanks to bitcoin and shitcoins™
Additionally the exchanges in question don't have the same withdrawal constants as BTCe. Secondly there is the "anon" of the coins but honestly... There is also the factor that they can easly pump the price due to momentum by those who have fervent hopes that these alts will somehow be different from other alts and be bitcoin 2.0.
1048.
Post 10885831 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
Big promises and hype all prior to launch... Sounds too much like a paycoin. Have fun altcoiners, I'm staying in BTC.
However realize when they run. SCAMcoin/BTC then expect BTC / USD will be effected.
Yes stay away.
1049.
Post 10885855 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
That add has misinformed newbie hype all over it.
Bitcoin? Check out these other virtual currencies
How about no.
1050.
Post 10891815 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
Really annoying how the price is so unstable now
This is what we get when stolen resources are being dumped using alts with the goal to exit using btc to usd.
1051.
Post 10898233 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1052.
Post 10900017 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1053.
Post 10900245 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
dumpage time
1054.
Post 10900372 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
lol someone is in a trollish mood.
Must keep things balanced
1055.
Post 10900418 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
dumpage time
Cheers for the
"Dumpage time you say" the hole of a couple of dollars is this really what gets the cretins from the crevices.
Either way it does not really matter does it as i guess we see you when it mooooons for a moooon post.
Not sure many seen this. But everyone have a purpose
https://www.youtube.com/watch?t=13&v=cy6169GuZYk
1056.
Post 10902560 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1057.
Post 10902802 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1058.
Post 10906773 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
I just have one question- Are the next 24 hours critical?
No the trend has been decided.
1059.
Post 10906976 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1060.
Post 10907153 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
moon?
No.
Cheap Coin on the floor.
Snip
Snip
"Home alone" actor before and after buying bitcoin:
Snip
1061.
Post 10907170 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
Black swan singularity they said...
I'm working here!
1062.
Post 10907179 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1063.
Post 10907226 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
Lol, this thread should be renamed to "GIF observer"
Don't be this guy.
http://i.imgur.com/DXbNqp9.gifv
1064.
Post 10907318 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1065.
Post 10907349 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
Good luck to anyone trying to watch this page on mobile
Good point I'll link them
1066.
Post 10911135 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1067.
Post 10911327 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
He should attach an electromagnet to his wrist. Those puppies don't much like the fields close to their snout.
https://www.youtube.com/watch?v=-MDkKOMLSb4https://www.youtube.com/watch?v=QSZLkaOA1Nw Electropositive samarium
1068.
Post 10912994 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
What would really make my weekend: Crash to $220.
If you're only making money
Stopped reading financial advice from a non-billionaire.
And instead started reading financial advice from multi-billionaires, no?
Woops.
If we continue to allow ourselves to be convinced that an idea is not worth exploring, especially by people that have been successful in the past who claim to understand something they clearly don't, would result us being trapped in a world filled with technology as depicted in the image below.
However due to innovation all these things now fit in your pocket on one device communicating at the speed of light.
P.S. Record players and mono tube amps still rock.
1069.
Post 10913356 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
P.S. Record players and mono tube amps still rock.
What's your favorite power tube? Shuguang Treasure 300B-Z
What's your favorite pre rube? Sylvania 5U4GB & Brimar CV4004 / ECC83
Type and brand. PrimaLuna monoblocks <-affordable
Your questions open up a big canOworms as many have their own personal listening expectations. Ego's aside I can only comment on what I have experience with. If you have the means to explore your passion there are far greater options available.
PrimaLuna monoblocks
http://www.primaluna-usa.com/product-main/prologue-premium/prem-mono <- Toroidal Transformer
Dared Saturn
http://www.dared.com.hk/download/product/167/Saturn%20Signature%20-%20Datasheet.pdf <-Toroidal Transformer
Teresonic Reference 2a3
http://www.teresonic.com/amplifiershttp://dagogo.com/teresonic-reference-2a3-integrated-tube-amplifier-reviewhttp://clearaudio.de/en/_archive/turntables-solution_master_reference.phphttp://clearaudio.de/en/products/cartridges-mc-concerto_v2.php
1070.
Post 10913526 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
makes sense that some bitcoin nutters would be into "audiophile" spectrum.
Same irrational arguments, same ignorance when dealing with criticism, same cult like worship of "gurus" providing the "knowledge"
I loved the ability to tune my environment since I was a child.
P.S. When enjoying the sound you must have the discipline to keep your
ego at the door. That works for many things in life.
1071.
Post 10913656 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
Would love to give 300Bs a go. Currently I am running a Prima Luna Prologue 2 with Russian Gold Lion Kt88s, Telefunken ECC802S and 60s Grey Plate Mullard 12ax7. Alt setup is Sylvania Gold Brand 5814 and RCA 12ax7 50s black plates. The Gold Lions are getting a bit long in the tooth so I am considering giving the Treasure series a go. Wife hates all of this though.
That is not a bad setup and should get you a nice listening experience. (Wife) Not many enjoy or consider that expressing oneself by listening/composing/playing to music, Dance, or Song is important.
Or maybe she wanted to use the space for something else?
http://dagogo.com/2010-ces-coverage-16
1072.
Post 10913825 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
...
What's your favorite power tube? Shuguang Treasure 300B-Z conned into liking single-ended triode amps with zero NF.
What's your favorite pre rube? Sylvania 5U4GB & Brimar CV4004 / ECC83 [/b] Can't tell a rectifier tube [which contributes nothing to tone] from a preamp tube.
...
Stay plebe, Bitcoiner.
true but those are lessens learned.
http://www.shredaholic.com/valve.htmlP.S. Record players and mono tube amps still rock.
Would love to give 300Bs a go. Currently I am running a Prima Luna Prologue 2 with Russian Gold Lion Kt88s, Telefunken ECC802S and 60s Grey Plate Mullard 12ax7. Alt setup is Sylvania Gold Brand 5814 and RCA 12ax7 50s black plates. The Gold Lions are getting a bit long in the tooth so I am considering giving the Treasure series a go. Wife hates all of this though.
That is not a bad setup and should get you a nice listening experience. (Wife) Not many enjoy or consider that expressing oneself by listening/composing/playing to music, Dance, or Song is important.
She is a very accomplished professional musician. She just hates tubes. Admittedly, she was home alone listening to music when the previous power tubes went 4th of july on her. So I have to find a tranny system for the living room.
That explanation makes it perfectly clear and understandable.
These can be fun.
http://s216.photobucket.com/user/blackcreekresearch/media/Projects/Thermoacoustic/sundemo2.jpg.html
1073.
Post 10913995 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
@Sitarow
I wonder if lambie is a real tubehead or if he's just hovering over Tubes Asylum and trolling there, screaming about distortion. Even better, trolling at the audio cable section.
Tho this is a nice center piece to any tubehead's living space.
P.S. This will also be correct 2 times every 24 hours
1074.
Post 10914639 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1075.
Post 10916157 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
@Dump3r
At least some care enough to lie about it.
Plz post some rockets and put me on ignore again!
Right in the Dump3r
No no.
If your going to do it then.
https://www.youtube.com/watch?v=XaI0n521C7E
1076.
Post 10916706 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1077.
Post 10921856 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.07h):
1078.
Post 10940752 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Stop being robbed of your coins. DRK and now XMR are being used to dump on us.
1079.
Post 10940802 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
@sitarow
Exactly.
Don't know what your charts mean, though
Pump alt take btc to dump for usd. LTC and other alts were used 2 months back until it was exposed to the other day traders.
This past two weeks the move starts at 4AM est every time. And 2hrs later we see a move in BTC/USD.
So don't fall for this obvious attempt to get your valuable BTC.
1080.
Post 10940993 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
evo coins going to monero for mixing?
Makes sense since a mixer alone can't handle that volume of btc
yeap.
first darkcoin pump, now monero. I think litecoin will be the last.
if btc hits 250 again dont miss your last chance.
Who would risk trading a digital coin on a single exchange unless they are desperate to be able to withdraw ttheir BTC without daily limits.
2 months actividy Not just EVO but stamps coins.
1081.
Post 10941230 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
evo coins going to monero for mixing?
Makes sense since a mixer alone can't handle that volume of btc
XMR's 30-day volume is ~6,500 BTC. If someone were actually trying to use it to mix 1,000s of BTCs, it would be much higher.
They are not trying rather they're succeeding.
1082.
Post 10941416 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
evo coins going to monero for mixing?
Makes sense since a mixer alone can't handle that volume of btc
XMR's 30-day volume is ~6,500 BTC. If someone were actually trying to use it to mix 1,000s of BTCs, it would be much higher.
They are not trying rather they're succeeding.
Nice set of charts. What do they mean?
Unfortunantly it exposes the attempt at using alts as a way to gather usd before the btc usd pump.
1083.
Post 10941585 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Would the XMR/BTC movement also help explain the downward pressure on LTC?
I.e., if you look at the Poloniex market, the trading index currencies seem to be BTC/XMR/USD.
So it looks like they're directly converting LTC to XMR, and cashing out into BTC/USD.
It looks like they accumulate ltc on btce then move to poloniex to continue the game?
I don't see a bump in BTC with accumulation though it seems they're just strictly cashing out?
Am I missing something? Won't this just result in some steady downward pressure until they've finished?
Unlike the Bitstamp coins that was used to shore up USD prior to the $315 1 day pump.
They may opt to either exit or do a similar BTC/USD move in the hopes of covering the exit.
Unfortunantly what can be done now is record the data and review. Now is not a good time to use leverage.
Also BTC is far more valuable than any alt. LTC has been valuable as an alternative network for trade. A backup as it were. However alts have been used in silance in the past as a way to bait the greedy.
Don't be a victim.
1084.
Post 10941907 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Hello, my name is Mr. Snrub. And I come from, uh... someplace far away.
Have you gentlemen heard about Monero, the cryptocurrency that got privacy right? Or are you happy with adding "pseudo" to anonymity?
There is no privacy on a central exchange.
1085.
Post 10945424 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Altcoin Pump/Dump or just profit taking 😈
1086.
Post 10964750 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Looks like its all over, just saw this bitcoiner running from the huobi exchange minutes ago....
Don't be that guy
1087.
Post 10966152 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
1088.
Post 10966775 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Is it just me? Or does $250 in 2015 feel a lot like $5 in 2012?
indeed.
1089.
Post 10966875 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Is it just me? Or does $250 in 2015 feel a lot like $5 in 2012?
feels more like the 2$ bottom
That was at $210
1090.
Post 10969275 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
who bought all the coin
i thought we will never breach 255 ? were the bear sleeping ?
1091.
Post 10971002 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
1092.
Post 10971143 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Still, I have faith in it and I am a believer...
see you guys, signing off for now.
Some days...
https://www.youtube.com/watch?v=DhNYg0Clg10
1093.
Post 10972160 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
its hard to reach consensus on some technical detail like block size limit, you think all the miners/devs are going to agree to fuck with the inflation rate and kill bitcoin as we know it...
The miners have nothing to gain by increasing the block size limit. On the other hand, if they succeeded in delaying the next halving by 2 years, at the current BTC price, they would get about 320 million dollars extra revenue.
The last reward halving (on 20111-11-11) did not have any visible effect on price. The price kept rising gradually from the recent low of ~10 to ~13, and lingered there until 2013-01-06, when the first 2013 rally started. Thus, a postponement of the 2016 halving, by itself, would probably have little effect on the price -- unless the purists go around spreading their FUD and causing the chickens to scramble out in panic...
You speak in what if's with little knowledge of the subject or that mater what "miners" want. No alts for starters... A larger block size would solve transaction limits as was the original intent.
1094.
Post 10973131 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
in any case, if one small group starts to mine this 25mill BTC bitcoin fork, it doesn't it mean everyone else can't continue to mine the original 21mill BTC bitcoin. And there would be HUGE incentive for poeple like me (highly invested but never got a miner) to get a miner and add hashrate to the original 21mill BTC bitcoin.
it would be like this massive cryptonic-hashrate-cyber war
fucking wonderful!
I discussed that "attack" at length in another thread. It will be a small group of half a dozen miners, but it will have more than half of the global hashpower. WIth that power they can still profitably mine the 25 M chain
and jam the original one so that it becomes unusable and un-mineable.
So, for the individual miner, he either joins the cartel on the 25 M chain, and keeps earning as much BTC as before, or keeps mining the old chain, and has all his blocks orphaned by the cartel jamming. For the typical miner, switching should be a no-brainer.
Moreover, each client who has N coins on the original chain will get another N coins on the 25 M chain, accessible through teh same keys, whether he wants them or not. So each client can upgrade his software (at any time, before or after the fork) and use his coins, or refuse to upgrade and have his coins blocked until if and when the "attack" fails. On the other hand, if he upgrades and the attack then fails, his coins will still be there on the 21 M chain, unspent. Again, for the typical user, the decision to upgrade should be a no-brainer.
If the need presents itself the more probable outcome would be to change the hashing algorithm use cpu's and kill all asic behemoths and adjust the difficulty to the new hardware scale than what you suggest.
1095.
Post 10973237 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
But with the price at 800 $/BTC, on the other hand, postponing the halving would give them ~500 M$ of extra revenue per year...
Yes but ONLY IF Bitstamp, Bitfinex, Bitpay, BTC-E, Second Market BIT, Winklevoss fund, etc accept these "Bitcoin"
The funds, and anyone who only holds bitcoins without moving them, can just wait for the outcome and then upgrade or not, as appropriate.
Like other active bitcoin users, the exchanges and payment processors will have to choose between upgrading their software and working only with the 25 M chain, or sticking to the 21 M chain and having all their coins frozen, until if and when the "attack" fails. While trading inside each exchange could continue with no problems, all bitcoin withdrawals and deposits would be blocked. For those companies too, switching (and urging clients to switch) should be a no-brainer.
If what you say is true then why has it not happened yet?
Because if the need presents itself the more probable outcome would be to change the hashing algorithm use cpu's and kill all asic behemoths and adjust the difficulty to the new hardware scale than what Jorge suggest.
1096.
Post 10973590 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
(It is only recently that the top 51% became all-Chinese.)
how do you figure that the top 51% of hashing is Chinese?
Perhaps Jorge will answer that by using a page out of the UT Chanel conspiracy play book.
https://www.youtube.com/watch?v=3AXJxdBwvm0
1097.
Post 10973626 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
(It is only recently that the top 51% became all-Chinese.)
how do you figure that the top 51% of hashing is Chinese?
I don't think he understands that miners can change pools. Pools do not equal miners.
As I have said Jorge does not understand what miners want or what options they have.
1098.
Post 10973815 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
That is not what I see...
1099.
Post 10973934 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
if the need presents itself the more probable outcome would be to change the hashing algorithm use cpu's and kill all asic behemoths and adjust the difficulty to the new hardware scale than what Jorge suggest.
You cannot kill a cryptocurrency, remember?
If the idealists do as above, there will be a "rebel bitcoin" with a tiny mining network, and the "cartel's bitcoin", with all the old hashpower (since the ASIC miners would not have other choice than to mine it). Guess which one will keep most of the value of the original bitcoins. It is like the Captain "defeating" a mutiny by taking off alone in a small lifeboat, and declaring it to be the real ship.
Moreover, even the rebels will still have their coins waiting for them on the cartel's chain; so why would they not sell and trade them? Ignoring those coins would be their loss, not the cartel's.
you forget that they would instantly have over 51% of the network closer to 100%
and there would be no confidence as to the transactions integrity.
P.S. considering they also would own the asic manufacturing and technology for the old hashing algorithm.
BTW what I stated was the outcome to a real proposal if the odd chance that the present mining algorithm would have been compromised via a back door. In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless.
In other words. If the conditions present themselves the btc blockchain network and participants will make the most prudent choice that will have majority consensus. No one given the option would eat spoiled food or in this case trade on a defunct chain.
P.S.S Exchanges that would fail to move over would cause panic in the ALT coin space as exchanges would not know as to the authenticity of the BTC being traded for alts effectively making alts valueless.
1100.
Post 10974011 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
Who cares about miners? They have no vote and nothing to say.
Relevant are only the 3 till 5 admins/owners of the biggest mining pools. They decide.
Pool's operator's do not = miners.
1101.
Post 10974687 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
if the need presents itself the more probable outcome would be to change the hashing algorithm use cpu's and kill all asic behemoths and adjust the difficulty to the new hardware scale than what Jorge suggest.
You cannot kill a cryptocurrency, remember?
If the idealists do as above, there will be a
"rebel bitcoin" with a tiny mining network, and the "cartel's bitcoin", with all the old hashpower (since the ASIC miners would not have other choice than to mine it). Guess which one will keep most of the value of the original bitcoins. It is like the Captain "defeating" a mutiny by taking off alone in a small lifeboat, and declaring it to be the real ship.
Moreover, even the rebels will still have their coins waiting for them on the cartel's chain; so why would they not sell and trade them? Ignoring those coins would be their loss, not the cartel's.
you forget that they would instantly have over 51% of the network closer to 100%
and there would be no confidence as to the transactions integrity.
BTW what I stated was the outcome to a real proposal if the odd chance that the present mining algorithm would have been compromised via a back door.
In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless.I don't understand the first paragraph. Yes, the
rebels will control 100% of their puny all-CPU network (which the cartel could probably squash by renting some could computing for a couple million dollars, if it cared to). But 100% of the old hashpower will be mining the
cartel's 25 M chain, just as before the fork; and the rebels cannot do anything against them. Each client would have to either upgrade to the cartel's software, or upgrade to the rebel's software (or to both, after cloning the wallet); clients who keep the original software will be unable to use their coins.
Yes, this is called "Red Button plan" or something like that. It is not a defense, or even a deterrent like the nuclear mutually assured destruction; it is just a ridiculous form of suicide.
In other words. If the conditions present themselves the btc blockchain network and participants will make the most prudent choice that will have majority consensus. No one given the option would eat spoiled food or in this case trade on a defunct chain.
The problem is that power is asymmetric: a small group of miners can block the network and hold all users' coins hostage, whereas no group of users can stop the miners from doing it without hurting themselves a lot more.
According to the attack plan outlined (which is just one possibility), the 21 M chain would become defunct immediately after the fork, while the 25 M chain would continue working without a glitch.
Exchanges that would fail to move over would cause panic in the ALT coin space as exchanges would not know as to the authenticity of the BTC being traded for alts effectively making alts valueless.
There would be no confusion, because any exchange that fails to switch will have its
wallets frozen and all BTC deposits and withdrawals blocked. The coins that are inside the exchanges can be traded normally, because the trades do not involve the blockchain. When the exchange switches to the 25 M chain, it will find its hot and cold wallets waiting there, and it will be able to execute withdrawals in that chain. Clients then will have to upgrade in order to use the coins withdrawn.
If the attack succeeds, life will continue in the 25 M chain almost as if there had been no fork. If the attack fails, and all miners go back to the 21 M chain, people will be able to use that chain again, but their accounts will be reset to the pre-fork state. Thus, any payments made using the 25 M chain will be cancelled, and there will be real losses (like the double spend against OKPay in the 2013 fork). This will be another reason why most everybody will want the attack to succeed, once it has been sustained for a day or so and enough people have used the 25 M chain.
There is a third possible outcome: the
cartel stops jamming the 21 M chain (e..g because of defections, or "hero miners" coming to the rescue), but only part of the miners go back to it. In that case the two versions of bitcoin will remain viable; each copy of one's coins can be spent or moved independently of the other copy. The original price should also split between the two, and the miners will migrate between the chains until either alternative is just as lucrative to mine as the other. (I wonder if they can be merge-mined?)
I question your power of reasoning. You have failed to understand what consensus is when you refer to participants as rebels. ASIC tech and the "cartel" are at the mercy of the network participants not the other way around. I am starting to see what people have been talking about.
In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless. BTC network used to fund accounts would be under suspicion of double spent coins due to the "cartel" having over 51% and closer to 100% network control.
BTC network as it was known will have become defunct.
1102.
Post 10974852 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
prove those nasty trolls wrong bitcoiners and launch this mofo to the stratosphere!
https://www.youtube.com/watch?v=XaI0n521C7E
1103.
Post 10975008 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.08h):
You have failed to understand what consensus is when you refer to participants as rebels. ASIC tech and the "cartel" are at the mercy of the network participants not the other way around.
In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless.
Sorry, I believe that you failed to understand.
All the ASIC and mining installations will remain perfectly usable with the 25 M chain, and would mine it because there would be no other chain that they can mine.Ater the "Red Button" solution there will be two fully functional versions of bitcoin, but one will have a 300 PH/s network, the other will have a puny CPU network. Even "hero miners" with older ASIC miners in the attic will be unable to come to the help of the second one.
BTC network used to fund accounts would be under suspicion of double spent coins due to the "cartel" having over 51% and closer to 100% network control. BTC network as it was known will have become defunct.
Whether the attack succeeds or not, the concentration of hashing power in the "Big Bitcoin" network will be the same as it was before the fork point. The change to the halving schedule will not affect the possibility of double-spend. In fact, that possibility already is not negligible now. (Imagine that some hacker steals 500 kBTC from the US or Chinese government, who is determined to get them back.)
The risk of double-spend will be much higher in the "Small Bitcoin" CPU-only network, since an external agent could gain majority mining power with a relatively small investment.
I am making reference to the fact that your projected idea is improbable and unacceptable by existing network participants and that if any changes would be done to the network apart from the larger block size would be due to some unknown circumstance such that would compromise the BTC network as it is today.
Ultimately if the need presents itself the BTC network will face all challenges with consensus of network participants and not at the muse of someone who has little understanding as to what is involved in profitable mining.
If you are sincere in understanding why your speculative musings would not work in reality then as suggested, you should take this to a more appropriate part of the site as you will be properly schooled by those who are willing to help you in your search for understanding.
1104.
Post 10987249 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
Oh dear, dear.
1105.
Post 10990410 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
1106.
Post 10992607 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
See?
Just like Bitcoin, only LEOCoin guarantees its mathematically-assured profits!
LEOCoin: not just Sound Money.--Smart Money!TM@coinableS:
Learn what LEOCoin can do for you!
Hmm looks sort of like a schematic for a triangular hierarchy. There must be a name for this sort of thing...
PONZIE
Stay away.
1107.
Post 10994119 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
1108.
Post 11011291 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
1109.
Post 11013417 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
https://www.tradingview.com/s/bitcoin/?sort=recentdyor
btw. chat at tradingview about btc is great place if you trade with brain (=analysis)
chessnut's and danv's at last time are pretty accurate
ofc you can find also bullish at now like always but there's much more premises to go down.
look at btcchina 15m - rising volume with dropping price, clearly distribution.
the guy with 500k$? long at finex is joke. We saw similar spikes right before price went down.
i don't say price will crash today or tomorrow but it's easy to see that this is another bulltrap very likely.
slowly downtrend with many mini bulltraps is what we can see now.
Maybe with final dump. the sooner, the better to go faster up imo.
Right now there's an army people holding btc and holding opened longs and they must believe that we're going higher.
they think that they're in accumulation phase:) because they're always buying when price rose lol.
usually that's the point when distribution is starting:)
If you trade with a brain you won't be frequenting tradingview, whaleclub or any other group for that matter, you'll be reading and studying the market on your own. If those guys were making consistent money they wouldn't need to promote themselves to attract a following. And I can guarantee you those guys already know how to trade, set stops correctly, and read the market as it comes at them allowing them to avoid their own advice if it turns out to be false (which is often, no analyst is perfect). The poor lemmings who listen to them will be stuck in poor positions as the market turns against them, not knowing what to do, so they invariably hold, hoping and wishing (and trolling) that the market will come back to them. Eventually they get emotional and let go at the worst possible time. This is how the market eats newb traders. Don't bother with 15m analysis. We are in an accumulation phase, at least on the longer term (months). They happen after capitulation at market bottoms. A long term distribution will occur at some point in the future, but not until after a strong bull market. Dec-Feb 2013/14 was the big distribution phase after the 2013 bull market. Accumulation generally takes longer than distribution, and we are nearing the final phases of one now started in January. Either bears get their wish and the market shakes down to $200 again before takeoff, or we blast off upwards through spring and summer. It's anyone's guess at this point. In the event of a shakeout many longs (who have proven to be well-capitalized) would continue to hold and more shorts led by dumb money would be opened, only to run for cover on the reversal. In the event of a blast off, the shorts would still run for cover and many more would be opened above $300 only to be destroyed by a new bull market, which always follows an accumulation phase (of course the dumb money does not know this). This is why there are so many well-funded long positions, probably some professional money there. Shorts are the weak hands in both scenarios.
Personally, with the difficulty the market has had selling of recently, my vote is for the blast off. It'll happen just like every other bubble: Supply is removed from remaining weak hands via capitulation, market fails to continue downward as demand is back in control, and price floats up for a few months before gaining steam into a parabolic move. Then distribution and another bear market as all the weak hands who bought at the top bail again, then accumulation and another bull market. Rinse and repeat.
I agree with you.
1110.
Post 11014868 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
1111.
Post 11015156 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
Is it just me or has BTC on exchanges and even BTC-e volume been dead the last 4 hrs...
1hr
2hr
4hr
1112.
Post 11019746 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
8AM EST 2015-04-08
1hr volume
2hr volume
8:30AM EST 4hr volume
1113.
Post 11021935 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.09h):
1114.
Post 11026565 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Coinsetter has just announced our acquisition of Canadian Virtual Exchange, commonly known as CAVIRTEX, a major Canadian bitcoin exchange operating since 2011. The acquisition marks the first major consolidation in the bitcoin exchange market, and represents one of the largest M&A deals to take place in the burgeoning digital currency space.
Read more about our acquisition of CAVIRTEX on our
blog.
Good news for a change.
1115.
Post 11029198 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1116.
Post 11030001 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1117.
Post 11031647 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Orange Seeks to Invest in Bitcoin Startups in Silicon Valley
Orange SA is looking to invest in bitcoin startups in the coming months, making it one of the first big international phone carriers to become interested in the technology behind the digital currency.
“There’s something intriguing in this technology, so we want to be there as early as possible,” said Georges Nahon, chief executive officer of Orange Silicon Valley, a division of the Paris-based company. “This could be a digital platform of the future,”
While bitcoin’s price has almost dropped in half in the past year and the prospects of the digital currency are uncertain, its underlying software is attracting investors.
The technology can be tweaked to record changes in ownership of any asset in a public ledger using a distributed network of computers, and could help facilitate transactions at businesses like carriers, banks, stock exchanges or insurance providers
http://www.bloomberg.com/news/articles/2015-04-09/orange-seeks-to-invest-in-bitcoin-startups-in-silicon-valley
i'm buying here... you bears are
nutsGREEDY.
bears that play will be bulls
1118.
Post 11031835 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1119.
Post 11033680 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1120.
Post 11035837 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
I think we need a more frequent posting of depth charts to identify incoming trends like a pro. Where is Sitarrow when we need him? Furthermore someone has to tune chartbuddy to post in 30 seconds interval!
I'm keeping busy enjoying the feast... num num nums
Alts be a dumping.
2015-04-09 4:30PM EST
1121.
Post 11041586 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1122.
Post 11042100 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1123.
Post 11042297 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1124.
Post 11042513 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Good save.
Yet still missed the train.
1125.
Post 11042614 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
BTC the dawn of innovation by leaps and bounds.
1-megawatt cold fusion power plant now available – yours for just $1.5 million
SOON!
oil? gold? ha!
"They" who control the blockchain control the world.
1126.
Post 11042690 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
i seriously wish you fuckers would stop posting that crave scam shit on here - they flash mined the entire supply in less than a week with 10000x 100 coin 1 minute blocks - mining is over now and dev holds the supply , a current supply which is by the way 1M coins (per ... yknow ... math ... 10000x100) not 500k coins as they're claiming ... and for bonus points it's now got a PoS phase that'll kick it to 2 *billion* total coins - essentially allowing the dev to hold the entire supply now pumped to 1000s of btc in value / set market price and print out 10btc per day at current rate ... 10 days total price history on the 1 exchange bribed to list it , bittrex , the exchange which lists anything for an adequate bri... errr... fee , and has to de-list dozens of coins constantly because of ... well ... scams ... it's so obviously completely rigged it's a joke ... and telling people to buy it now after it's been pumped to retard level is wrong ... setting an astronomical price on a coin you own the entire supply of is surprisingly easy ...
Alt's are the "new" scam. AVOID them like the plague.
1127.
Post 11043190 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Since the trolls are back in full force, here's my updated ignore list with instructions on how to add it to your own (kindly provided by macgsa)!
http://pastebin.com/gRNVBfsNInstructions for Newbies:
Go to
ProfileThen
Ignore user optionsCopy and paste the above names into that magic box.
Presto!
No more trolls!
It seems you have my name on it which is incorrect, I am what they call a bulltard, not a troll. Please Fix.
I agree fonsie is too colorful with out the acting so true
https://www.youtube.com/watch?v=5lmw-zG-BuI
1128.
Post 11043676 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
I'd have to agree some of those people are not trolls, like tarmi. He's an opinionated bear, but he shares valuable info in my opinion, since he appears to put his money where his mouth is
Haha yes I'm sure there are some false positives in there like people that were just quoting trolls - I have no remorse!
Apparently false positives are normal events.
1129.
Post 11043885 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Shorts are going up again
and longs are down
no wonder price went down...
I'm on this shitty mobile. What's the numbers now, long and short?
26,070,445.02 USD
27,356.31 BTC
as of April 10, 2015 - 05:13:46 PM CEST.
Asshole shorters...
You'd think they would stop shorting once there's already 25k coins shorted. Do they like to be burned? It's kinda
hard to go down when 27k "fake" coins have been released on the market.
Glad someone else said it
Those coin's will not be sold anytime. Loaning has become lucrative.
1130.
Post 11043934 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1131.
Post 11044366 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
I wonder when a bullwhale will take advantage of the shorts, and all the longs for sale on the ask side of bitfinex. You could pick up an auction amount of coins without much slippage. All while killing a bear whale with bad tactics.
It's almost as if there is only one whale running this thing and he is in bear mode right now. Shorting to drop the price, putting leveraged longs for sale to create huge ask depth, and picking up cheap coins as a result. Then he closes out shorts into his longs both for profit, after he gobbles up several thousand cheap coins. A great way to play with other people's money to pick up cheap coins unless another whale finds out.
Not if bearwhale has inside info from exchanges and he knows how much fiat is actually there.
fiat is overrated
DXY 99.4040 Price of DXY in 0.2490 0.25%
Share As of 11:55:40 ET on 04/10/2015.
1132.
Post 11044424 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1133.
Post 11044507 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Bwahaha, look at that regular chinese bulltrap, go long m8s, chinese green wash volume candles never lie! Everytime chinese green wash volume candle happens - lemmings follow, never ending retarded game, lmao!
^___^
1134.
Post 11044686 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1135.
Post 11044891 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1136.
Post 11045000 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Meanwhile lets have a look at chinese wash volume regular
Some consider that a market maker.
1137.
Post 11045267 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Meanwhile lets have a look at chinese wash volume regular
Some consider that a market maker.
I have that douche (ez) on ignore, but can someone teach him some other trading related terminology than "chinese wash volume". Even the occasional repost is getting on my nerves.
OK
"DEFINITION OF 'MARKET MAKER'
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.
INVESTOPEDIA EXPLAINS 'MARKET MAKER'
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset."
1138.
Post 11045383 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???
Maybe Factcom is the killer app?
I honestly think that BTC might get a hefty push upwards, both in price and profile, if clearing houses start using them in their systems. They move a ton of money at a hefty cost and are heavily incentivized to make use of bitcoin, not just "blockchain techology".
The trouble in 2013 was to build acceptable infrastructure as we had seen in FEB 2014 to meet the expected quota's. The larger block size is welcomed.
1139.
Post 11045518 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???
Maybe Factcom is the killer app?
what is the most appealing thing about bitcoin?
the fact that it is a ghost outside the machine that cannot be controlled by any one government, bank, or corporation.
as governments and banks around the world fail in whatever way, poeple will get burnt ( bail ins, maybe? wtv SOMETHING will happen ) this will piss them off, and then they remember that bitcoin thing stands apart from this corrupt system, and see that it was unaffected by the gov or bank's failings and or corruption. They will finally understand why decentralization is so important. Then everything changes.
sadly it looks like bitcoin will implode on itself b4 any of this happens
Search the text file with ctrl+f the word Bitcoin
1140.
Post 11045691 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Dear friends of CAVIRTEX,
I have some exciting news that is bringing CAVIRTEX back to you! CAVIRTEX has been acquired by Coinsetter, a Wall Street-based bitcoin exchange backed by Barry Silbert. Their team has now begun operating CAVIRTEX, and will be integrating their high end trading technology and security improvements in the coming weeks. I wanted to send you this communication to explain what the transition means for you as a long-time user, as well as the larger bitcoin community here in Canada.
When we opened our doors in 2011, our goal was to create a reliable bitcoin exchange that would encourage the growth of bitcoin adoption in Canada. Our focus was always on Canadian deposit and withdrawal methods and holding customer funds in Canadian banks that supported the bitcoin movement and our business model. As we move under the Coinsetter umbrella, I want to confirm that the core focus of CAVIRTEX will not change. Even further, I believe CAVIRTEX’s ability to meet your needs will be greatly improved because of this acquisition. The institutional-grade technology and financial services industry experience Coinsetter’s team is bringing to CAVIRTEX will offer expanded capabilities and even better service for the Canadian bitcoin market.
The support we’ve received throughout the years from our users has been absolutely incredible, and we very much look forward to having you behind us as we continue to improve, grow and most importantly ensure the growth of bitcoin here in Canada.
Thanks,
Joseph David
Co-Founder of CAVIRTEX
Yay Hibbit!
1141.
Post 11045880 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1142.
Post 11046011 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
unless someone starts buying with a billion or two fake dollars again
Phew, if that's all it takes... They print those everyday in abundance. I think we will be alright.
I would not be at all surprised when BTC will be pegged to metals.
1143.
Post 11046458 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
"Can't believe they fell for it lol."-Satoshi Nakamoto
As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.
"I have ways of making money that you know nothing of"-Satoshi D. Nakamoto
" My greatest achievement in life was making shit up on the internet" -jhgfdfghjgf
Wonder why Satoshi left this forum in disgust? You fellows seem so friendly and polite, a real joy to be around.
Be more emphatic please! Today they got dumped again, so they are all a bit pissed off.
"Your purpose may not be evident yet. However if you crave some cosmic purpose, then find yourself a worthy goal." -jhgfdfghjgf
1144.
Post 11046582 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
"Can't believe they fell for it lol."-Satoshi Nakamoto
As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.
"I have ways of making money that you know nothing of"-Satoshi D. Nakamoto
" My greatest achievement in life was making shit up on the internet" -jhgfdfghjgf
Wonder why Satoshi left this forum in disgust? You fellows seem so friendly and polite, a real joy to be around.
Be more emphatic please! Today they got dumped again, so they are all a bit pissed off.
"Your purpose may not be evident yet. However if you crave some cosmic purpose, then find yourself a worthy goal." -jhgfdfghjgf
I have never spoken those words. Stop misquoting me, you know nothing of my work.
1145.
Post 11046673 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
"Can't believe they fell for it lol."-Satoshi Nakamoto
As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.
It occurred to me another possible reason why Satoshi was so careful to preserve his anonymity, and has not cashed those million BTC that are known to belong to him.
Suppose bitcoin were to crash relatively quickly, leaving thousands of late investors with a couple billion dollars of losses.
Those losers would then see themselves, rightly or wrongly, as the victims of a giant pyramid scheme, that moved those billions from their pockets to the pockets of miners, early investors, and a smattering of thieves, scammers, and assorted middlemen.
Those losers would probably want to sue the culprits to recover their losses. Prosecutors would want to charge them with the crime of running a pyramid scheme. Whom would they target?
The early adopters and miners can excuse themselves by saying that they just believed the whitepaper and acted openly and honestly according to it.
So it would all fall on the guy who conceived the schema, wrote and distributed the software, set the network running, recruited the first members --- and made the most profit from it...
(Only half "
")
Who's to say he even cares anymore? Or the private keys to those early wallets are long gone?
People keep bringing up Satoshi's supposed 1M coins as a cause for concern. Yet seemingly little concern for other cryptos with $M's worth of early miner coins (yeah Litecoin, I'm looking at you....fair distribution, creator holds virtually none, yet the top 100 Litecoin wallets hold ~7M LTC, with the top wallet holding 9.2%) and early pre-mine crap (RippleLabs holding 50%, etc.)
So the point is, one crypto is just as good as another these days (in terms of distribution of who holds what). So back the leading horse that makes decent sense and just go with it.
i read a thread with compelling reasoning that all 1M coins are in fact lost
foreverForever is a subjective thing. I would be more inclined to state they are out of reach by normal means.
1146.
Post 11047726 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
What will you all be saying when we're trading in the $1xx range ?
100% sure I will be buying the dips
1147.
Post 11048203 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Don't be a chicken be a rooster.
1148.
Post 11049150 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
Crave:
hahahahahahah
lmao
BUY ALL THE CAVECOIN
This is no time to gamble on alts. THOSE things have sailed.
1149.
Post 11060422 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.10h):
1150.
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1151.
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1152.
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1153.
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1154.
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1155.
Post 11069349 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.11h):
This seems like the perfect calm before the storm... Will it be a Monday call? Which way? So many questions; so little answers...
Goodnight from Greece.
many are still in USD. It's a pressure cooker.
1156.
Post 11074173 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.11h):
Newbies are now aware that like hardware scams permiated the btc community in 2012-2013. 2014 was the year of the altcoin scams.
1157.
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1163.
Post 11178328 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
OMG really people?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
Well, in order to push the price down maybe?
but I don't really think that people would go to such lengths as to move their cold storage coins, especially that many. It could simply be someone putting their coins into another form of cold storage. It could also be an exchange shifting around some coins.
or it could be someone who wished to use 100btc and deposit into an exchange that has a maximum daily btc withdrawal of 100btc
1164.
Post 11179175 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
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1166.
Post 11184614 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
Largest spike in BDD since March 2014, nice... should provide bear ammo for the next month.
Volume look at the volume and realize what it is.
1167.
Post 11184724 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
If I understand your philosophy re: Bitcoin, there is only 'the worst': Either Bitcoin will fail on its own defects, or some government(s) will destroy it, if it works as designed. Is that a fair summation of your position?
As it says in my signature, I cannot imagine a plausible future where bitcoin will be successful. I see many ways in which it could fail, those are two of them. The more I read, the more skeptical I become.There is no shame on speaking a point of view and in time we will be able to reflect on past events and gloat.
1168.
Post 11201574 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
10:00 AM EST
10:13AM EST
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Post 11207880 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
1177.
Post 11211059 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
1178.
Post 11211318 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
1179.
Post 11211770 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
1180.
Post 11211912 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
1181.
Post 11212812 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.12h):
1182.
Post 11216064 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1183.
Post 11216745 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
That's all folks.
About 30k-35k BTC changed hands in last 6-7 hours on BTC-E, 11k in the last hour. Nice fireworks.
Did anyone watch the actual trades?
I would guess that it started with a buy of ~970 BTC at 21:06. Then there were buys of ~200 BTC each at 21:09 and 21:19, another buy of ~1000 BTC at 21:36, and perhaps one of ~1000 BTC at 21:38 (all times UTC). The rest of the volume may have been just reactions to those buys. So, my guess is that the maybe 2400--3500 BTC total.
But it is not over yet, it seems...
BTC/USD buy 80 BTC 238.1 USD 19048 USD 28.04.15 01:19
BTC/USD sell 84.4 BTC 250.7 USD 21159.08 USD 28.04.15 00:37
BTC/USD buy 81.2158 BTC 234.094 USD 19012.1314852 USD 28.04.15 00:20
BTC/USD sell 78.84 BTC 250.873 USD 19778.82732 USD 28.04.15 00:09
BTC/USD buy 79 BTC 223 USD 17617 USD 28.04.15 00:08
1184.
Post 11216893 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1185.
Post 11222931 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1186.
Post 11237261 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
Very quiet here now. Are you busy buying or just not paying attention mates?
Those who are shorting should be worried.
Numnumnumers. Ahuh.
1187.
Post 11239807 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
snip
every single one of these people needs putting down!!
aka - euthanised
aka - culled
I am sure bulls feel the same way about bears.
1188.
Post 11244802 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1189.
Post 11246382 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
Build it and they will come.
1190.
Post 11246908 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1191.
Post 11247675 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1192.
Post 11272365 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
Price up into the 240's.
Shorts slowly covering.
Going to plan. Thanks for your money tarmi.
lol tarmitard is online but says no word
Speculation thread, make a call.
Win and Lose With Dignity and Honor, when you win, you do not brag or gloat about it. When you lose, you accept it with grace. However temporary it may be.
1193.
Post 11276890 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1194.
Post 11277576 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
money which the bitcoin holders have put into the system, and expect to get back from it ---
I've put dollars into bitcoin but I don't expect to get back dollars. I expect to get back goods and services.
It does not matter. If you buy 1 BTC today, the only way you will get 240$ worth of goods tomorrow is if tomorrow's new investors, after buying all the 3600 coins that will be issued tomorrow, will
also buy from BitPay the 1 BTC that you spent on said goods.
In time we will look back at the plentiful availability of these "new" subsidy coins. As time goes by those coin's will be harder to come by.
Hopefully merchants will continue to free up the coins they get from purchases and into the hands of those with understanding of how to resourcefully utilize this technology.
1195.
Post 11282382 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.13h):
1196.
Post 11283314 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
I have three data points to support this now, but I am still not certain.
I bought 1 share of GBTC at $46. That is not represented on the price chart (Ameritrade).
I then bought 100 at $42. That appears as the ATH.
A few minutes ago, I sold 1 share at $69.
I also sold 7 more at $133.7
I was so excited, sure it would now appear on the chart.
I received the cash - the transaction is done - and I believe it is the ATH ever set in a market.
But it does not show on the price chart. The GBTC listing still shows 100 for sale, even though my order is now for 93 shares (7 sold).
I think there is something about 100 share limits (maybe somewhere in between 1 and 100) causing them to not get pushed through or updated, or some minimum order filter for charts.
I'm surprised BTCS (the only other Bitcoin stock) has not really moved in either direction yet.
For now the volume is low and the hopefull anticipation may be reflected in the price.
1197.
Post 11283493 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
Lets see what happens.
Either bitcoin is very underpriced or GBTC users are happy to pay a heavy premium.
Dumping into the opening on a Chinese exchange shows the degree of desperation from bears - yes you will have to cover your positions
Both are true. GBTC is the only option for some classes of funds (so heavy premium), and bitcoin is underpriced. This is a decent arbitrage opportunity.
If someone is really serious about buying BTC, I bet they would be able to buy them on a regular exchange or from some mining company in bulk, even if they preferred an ETF. I know about the advantages and ease of use for people who are already active in that sector, but I don't know if this really warrants a markup of over 55%... This is quite steep!
There's a weird chicken-and-egg thing here. Could be wrong, buuuut:
a) Assessed market value without publicly tradable funds: $238.82.
b) Assessed market value
WITH publicly tradable funds: $420.00 ($42 sale price of GBTC x 10 shares = 1 BTC)
As soon as the orders placed COULD become filled, the market shifted from a) to b), revaluating it.
That is the most optimistic explanation.
We're in one of those rare instances where supply or demand is severely pinched. Most actors don't know how to respond...until a trend emerges.
Success is far from guaranteed here, but this day ACTUALLY coming can't hurt the bullish scenario in my view.
The key IMHO is on the red lined text. I consider the GBTC the first "crystal clear" way for someone to get BTCs and not worrying about losing their money. This would take others to imitate or get passed by by businesses/initiatives like this. I've yelled much too long about the "dark" non-ledgered bitcoin transactions on almost ALL of the exchanges.
This has to end. The price will definitely find its way - thats how free market works. For the 1st time, I'm happy an "exchange" is starting its business.
The BIT skipped the lengthy SEC registration process by taking a shortcut approved by the Financial Industry Regulatory Authority (FINRA).
Without SEC registration, the BIT can’t formally be considered as an Exchange Traded Fund (ETF), but other funds are seeking SEC approval for listing on the NYSE or Nasdaq.
The Winklevoss twins are planning a Bitcoin Exchange Traded Fund (ETF), the Winklevoss Bitcoin Trust ETF, which will be available to investors on NASDAQ with the ticker COIN.
https://bitcoinmagazine.com/19760/bitcoin-investment-trust-bit-goes-live-ticker-gbtc/
1198.
Post 11284644 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
1199.
Post 11293488 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
Why would that happen? The halving means that there will be only 1800 BTC per day to be mined rather than 3600. Many miners will have to stop mining, starting with those with smaller efficiency (hashes per dollar of electricty and other recurrent costs). It is not clear whether these miners will be small or large. My guess is that mining will become more centralized, and more China-based.
The price of bitcoin has halved 2-3 times since the ATH. In terms of mining profitability, effect of price halving and reward halving are just the same, since miners are paying bills in fiat. Therefore, a planned reward halving should not have a very dramatic effect on the hashing power (see what happened after the first halving in 2012). Also, price is expected to raise after halving due to decreased supply, which will compensate at least part of the loss of reward halving.
I have seen a proposal by an Israeli mathematician to change the way miners get their blocks from pools, that he claims willo reduce the risk of centralization by letting individual miners choose which transactions to include in a block. Perhaps.
There is that "21" company that apparently intends to put mining chips inside domestic equipment. Let's see...
Probably you are staying in the speculation forum for too long. We already have that for a long time. It is called "getblocktemplate", the BIP22 and 23. At least the Eligius pool supports GBT.
https://github.com/bitcoin/bips/blob/master/bip-0022.mediawikihttps://github.com/bitcoin/bips/blob/master/bip-0023.mediawikiAs a
professor in computer science with academic interest in bitcoin only, I suggest you spend more time in the technical forum rather than the wall observer.
I as well as others have directed him to other more technically appropriate area's in the past to no avail.
1200.
Post 11296840 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
I have a question about GBTC: If you buy a share, can you convert it to real bitcoin? (Maybe it sounds stupid, but I think it's important and not obvious because of this trend with "advanced trading assets" and other shit talk)
EDIT: And I support "The List" 100%!
That's what I believe too. That if you actually buy a share you actually buy the equivalent BTC amount. I don't have an account there, but I believe there should be an option to get your BTCs out if you'd like...
1 share doesn't continually represent .1 BTC, as
there are fees. You can redeem in baskets of 100 shares (though I saw in one place that the "Authorized Participant" is not accepted redemption requests right now).
Do we know what these fee's are?
1201.
Post 11306181 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
1202.
Post 11312038 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
Look at the volume on Finex, Jeez.
Slight bit of buying volume on Stamp too by the looks of it.
Coinbase pretty flat as per usual.
Anybody neutral want to predict what the next move will be, up or down?
We are reaching a tipping point one way or another.
1203.
Post 11312953 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
1204.
Post 11314482 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
Hmmm...
GBTC
Symbol:
Time Price Volume Market
15:11:20 47.00 2 OTO
15:03:09 50.00 20 OTO
14:55:09 50.00 5 OTO
14:53:50 50.00 100 OTO
14:47:41 55.00 9 OTO
14:35:36 55.00 5 OTO
14:14:40 50.10 10 OTO
14:09:42 55.00 100 OTO
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&symbol=GBTC&type=Time%26Sales&SA=quotes
1205.
Post 11331385 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
1206.
Post 11335198 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
How flat can we get
There's a pancake factory somewhere. They'll get to the bottom of this.
ด็็็็็้้้้้็็็็้้้้้็็็็็้้้้้็็็็็้้้้้็็็็็้้้้้༼◉Д◉༽ด็็็็็้้้้้็็็็้้้้้็็็็็้้้้้็็็็็้้้้้็็็็็้้้้้
1207.
Post 11343232 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
1208.
Post 11356413 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
This is boring.
Then read Yesturdays review.
Bond-ocalypse Sparks Stock Selling Scramble
http://www.zerohedge.com/news/2015-05-11/bond-pocalypse-sends-stocks-sldiing
1209.
Post 11359843 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.14h):
1210.
Post 11369222 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
1211.
Post 11370740 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
is crypto done??
snip
yes.
Now you are free to leave the forum and do non-dead stuff if you want to
tks
http://www.youtube.com/watch?v=Pa1pIO4_lUY
1212.
Post 11371006 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Ok, I see.
1213.
Post 11376041 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
1214.
Post 11376483 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Interesting little dump. Seems to be bouncing back pretty quick.
In other news.....GBTC volume way up compared to yesterday.
Will it dip below 40 a share before closing?
1215.
Post 11377902 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
1216.
Post 11385737 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Oh and if you are feeling kamikaze-level brave, chinese exchange 796 (
https://796.com/) offers 50X leverage.
Margin call with a $3 move, lmao. Good luck with that.
I WANT IT SO BAD.
Time to learn Chinese.
I would go for it, but there would be a fear that the google web translate tool may make a mistake on a word, I click the wrong button, and Im out my life savings
1217.
Post 11386350 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
snip
^Bitcoin in a nutshell. Three different-sized wheels. Special road. Exact path must be followed.
All for what?
To go around in circles, while people point fingers & laugh.
i see no one laughing
"Are we not ENTERTAINED?
The tipping point?
1218.
Post 11389152 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
You've been right for 18 months Fonzie.
Do you ever call a bottom and buy? Is it double digits, single? Or you shorting this mofo down to 0 and network failure?
Nah, i´m just going to sell my account with that freshly achieved "hero member" status (it suddenly popped up after my last ban ended 1-2 days ago
)and live from that money on my own private island for the rest of my life. No further plans.
Sounds legit.
1219.
Post 11409884 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Agreed. And now the price is climbing a little too
Whats the ratio? 1:200?
Yes. 200 notes equals 1 BTC.
1800$ ??
What are the aribtrage-possibilities? As bad as with GTBTC?
The cool thing about this ETN is that there is no limit of "matured shares". The issuer buys more real bitcoin on exchanges if the players want more ETNs. No limits on either bid or ask side!
If prices drop btc to usd on the open global market, then knc credit ratings will play asignificant part on the value of XBT shares.
1220.
Post 11410158 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Agreed. And now the price is climbing a little too
Whats the ratio? 1:200?
Yes. 200 notes equals 1 BTC.
1800$ ??
What are the aribtrage-possibilities? As bad as with GTBTC?
The cool thing about this ETN is that there is no limit of "matured shares". The issuer buys more real bitcoin on exchanges if the players want more ETNs. No limits on either bid or ask side!
If prices drop btc to usd on the open global market, then knc credit ratings will play asignificant part on the value of XBT shares.
How good, or bad, are knc's credit ratings?
I know there is at least one, and maybe more, class action lawsuits against them for selling useless mining gear. I don't think any of the lawsuits have gone to court yet, but if they lose will it affect their credit rating?
Lawsuits and effects on credit rating are hypothetical and may remain a non issue. However if their revenue is from mining proceeds and if the value of BTC/USD drops below profitable mining then...
1221.
Post 11410200 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Ask side on Finex has really thinned out in the last few days. Wouldn't take much to send the price up $20 to $30. Could be an interesting week.
I am not so sure. We seem to have a balanced market at this moment.
1222.
Post 11410740 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Ask side on Finex has really thinned out in the last few days. Wouldn't take much to send the price up $20 to $30. Could be an interesting week.
I am not so sure. We seem to have a balanced market at this moment.
I see you post from that site/service often. Where is that from?
btccharts.com
1223.
Post 11433364 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
1224.
Post 11438416 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
1225.
Post 11440716 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Fun Event.
1226.
Post 11442530 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
1227.
Post 11447005 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.15h):
Back to our Normaly scheduled broadcast.
What a weekend. Bitfinex bitcoin theft and what seemed like an opportune time to wash them pushing LTC/BTC up while bitcointalk.org was compromised.
I would not be surprised to see a similar event when bitstamp stolen btc was used in the ltc dump btc pump 3 months 4 weeks back.
1228.
Post 11484084 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.16h):
1
1229.
Post 11484189 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.16h):
1230.
Post 11506547 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.16h):
1231.
Post 11543493 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Pathetic. The Bitcoin community is only ripping itself apart. Sometimes you have to do what is best for the community, but
some people institutions are only interested in doing what's best for themselves.
The great thing about bitcoin is that consensus in a distributed system overcomes all ego's.
What happened to OKcoin? ... I wonder
1232.
Post 11543545 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Pathetic. The Bitcoin community is only ripping itself apart. Sometimes you have to do what is best for the community, but some people are only interested in doing what's best for themselves.
A bit harsh.
The only real barrier in there is that they don't want to switch to Bitcoin XT, they wan't to remain with the core Bitcoin software that is tried and tested (not saying XT is buggy - I have no idea)
Gavin has already acknowledged that 20Mb was a calculation error, and is
going for 8Mb (as his first card in the negotiations), and not as a hard limit (one of the objections in this article), ie with a schedule of increases
They also acknowledge the need to raise it.
All part of the 'compromise' process that is in progress IMO. Isn't that better than forced changes made by one entity/person?
That will help solidify the needed consensus.. What is important to note is that we have to grow the core Bitcoin software first before we allow 3rd party centralized networks dictate how this technology should evolve.
1233.
Post 11543786 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
I think the spirit behind BTCChina and Huobi's caution is summed up well in the following quote.
Speaking to CoinTelegraph, both BTCChina as well as Huobi indicated that they believe any increase in Bitcoin's block size limit should be approached conservatively
1234.
Post 11565540 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1235.
Post 11567565 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1236.
Post 11567704 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Inflation in the USD value ?
That is one reason for this rally. It is unfortunate that the market maker is fighting the loosing battle by attempting to keep the price stable.
Intrest in BTC has been rekindled on many levels.
1237.
Post 11568009 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1238.
Post 11568213 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
i'm going all in.
Seems like a good call.
1239.
Post 11568293 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
This week will be a good week. Bears will have to cut their losses.
Wow, $5 jump and already bear funeral announced. Bulls must be desperate when they celebrate something like this. Bearish.
Yeah, it's almost as ridiculous as the jackass braying of the beartards with every $2 drop as confirmation that we're headed for double digits and labeling the subsequent correction back as a Dead Cat Bounce.
C'mon people, let's not get over-excited about every minor price movement.
With all due respect, nay sayers may be blithering idiots, however I respect their ability to at least make a decision, even if it ends up being completely wrong.
1240.
Post 11621998 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1241.
Post 11622206 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Gemini is currently available by invite only. New invitations are going out weekly, so sign up at gemini.com to get early access.
Did you get an invite?
1242.
Post 11627717 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
BTC Closing Down
BTC Guild is Closing Down
BTC Guild will be shutting down its mining servers on June 30th, 2015 at 23:59 UTC. Users will still be able to log in and retrieve their history (CSV exports on the settings page) and request withdrawals until September 30, 2015..
Why is BTC Guild Shutting Down?
This is the second time BTC Guild has announced closure, but this time the decision will not be reversed. The reasons have not changed much since the original announcement.
As mining has become more centralized, BTC Guild has continuously shrunk in proportion to the network, now being less than 3% of the network hash rate. The costs of running the pool have not changed, and the amount of funds at risk in the event of a compromise is significantly higher than what the pool could ever recover from. When the pool was 20-30% of the network, the amount of funds at risk was slightly higher, but the ability for the pool to recover from that loss was present. At 3% of the network, the pool would not be able to recover from such a loss..
Additionally, the NYDFS BitLicense regulations have now become finalized, and the final regulations have enough gray area that BTC Guild is at risk. The fact that BTC Guild is not in New York does not matter, since it would be doing business with New York residents while they are physically in New York. This fact makes it possible for New York to attempt to claim jurisdiction to enforce regulations. Whether or not BTC Guild could win in defense of such an attempt is irrelevant, since the cost of defending the pool would be greater than any income the pool is expected to generate going forward.
Finally, I have been growing concerned for some time now about attempts to defraud pools. The pool's luck has been on a decline for over a year. The luck on a few other pools has also shown a negative trend. While it is not impossible that it's a coincidence, this is something I have been constantly made aware of and am helpless against. There is no way to know whether it's just bad luck, a small bug in older miners (BTC Guild probably has the highest percentage of first/second generation ASICs) resulting in a few % of block-solving shares to disappear, or a large pool trying to hurt the competition (many of the largest pools have large private mining operations now). It would only take a fraction (1 PH/s or less could do it) to cause significant harm to a competing pool, and that activity could be masked by proxies and multiple accounts to be impossible to catch.
PPLNS Blocks and Final Withdrawals
Users will be able to keep mining up until the servers turn off at end of day June 30th. Since PPLNS is a backwards paying system, the very last shares submitted are unlikely to receive any blocks unless a block is found at the last second.
The PPLNS shift length will be steadily reduced starting June 16th. This means that more shifts will likely end with 0 blocks, but shifts that find blocks will receive a larger amount than they would have previously. It is not recommended that users wait until the last minute to change pools.
The minimum withdrawal for a manual withdrawal will be reduced to 0.0001, and will not require a transaction fee to be paid in order to request the withdrawal.
Not For Sale
In the previous closure announcement, one reason it was cancelled was due to offers to purchase/take over the pool. This never happened because of personal attachment to the project and concern over user privacy and security.
The risk of users being cheated or stolen from as a result of transferring pool ownership is not something I am willing to accept. This is part of the reason the pool is closing in the first place: Risk of users losing funds because the pool would not be able to cover losses in the event of compromise.
I will not be entertaining offers on purchasing the pool this time around. There is no (reasonable) price the pool would be sold for.
Recommended Pools
The following pools are personally recommended for users to consider moving to:
BitMinter - long standing pool with good reputation
Eligius - long standing pool with good reputation
Kano CK Pool - cgminer developers
P2Pool (decentralized pool)
Thank you to all the users and the Bitcoin community for making BTC Guild a success for the last four years. It has been hard to finally make this call a second time with the determination to not reverse the decision. You will still be able to find me around the Bitcoin Talk forums (outside of the Pools subsection for once), and on IRC in #btcguild (and probably #bitcoin once the pool winds down).
To bad to bad them is the reality at this time. Pool helped move BTC into ASIC territory with the advent of stratum integration testing.
1243.
Post 11631241 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1244.
Post 11631397 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
We can't call it bull market until we strongly passed 250$ bands.
1245.
Post 11631437 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Do we go to the moon ? ^^
We choose to go to the moon, not because it is easy but because it is hard.
1246.
Post 11631552 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
All the IDIOTS are pumping altcoins!!1
1247.
Post 11631581 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
go bitcoin, go!!!
back to 200$
Can you put the Genie back in its bottle?
1248.
Post 11631792 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
It's that 600 coin wall on 231.99 and 232.
maybe not real but... maybe it is.
1249.
Post 11631890 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
It's that 600 coin wall on 231.99 and 232.
maybe not real but... maybe it is.
damn what happened to that guy lol?
1250.
Post 11631899 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Do we go to the moon ? ^^
We choose to go to the moon, not because it is easy but because it is hard.
+1,000,000
You know what, you nearlly summed all our past, present and future wirh what you said.
Sir, you made my day, really you did !!
Kennedy Moon speech: September 12, 1962.
Shot in head: November 22, 1963
Be careful, Gentlemen. Just sayin'.
1251.
Post 11631918 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
The bitstamp wall hasn't looked this interesting in a while.
Try not to time the market...
its risky and can unknowingly cost you your future.
1252.
Post 11632598 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1253.
Post 11633476 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1254.
Post 11633507 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
$246 !!! and very little resistance ahead of us. Loving it!
1255.
Post 11633528 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
250 on huobi!
1256.
Post 11633566 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Bull market can be confirmed now.
1257.
Post 11633752 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Ask side depleting, bid side growing.
1258.
Post 11635252 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
1259.
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1261.
Post 11637907 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
Dead cat bounce in reverse?
I hope...
bear stuck in a tree?
1262.
Post 11638238 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.17h):
5 Mins later.
2 Mins Later.
1263.
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1264.
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8 Mins later
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1268.
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5 Mins later
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30 Mins later
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15 Mins Later
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1275.
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1276.
Post 11651843 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
5 Minutes Later
1277.
Post 11653288 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
How long will the Finex bid walls grow? 23k now
Until whoever is behind them changes them to identically sized sell walls like yesterday. I don't take any walls there seriously anymore after that stunt from yesterday. Any big walls are just for show.
Do you think this may be playing a factor here?
Coinsetter and Shift Forex, a leading forex advisory firm, today announced the launch of Bitbroker, a new bitcoin liquidity and market data service for foreign exchange brokers. Bitbroker enables forex brokers to add bitcoin as a trading option within existing margin FX infrastructures, with full support for MetaTrader 4 via an MT4 bridge.
In addition to high performance technology, Bitbroker further supports brokers with margin trading and shorting, providing up to 5:1 leverage to make integration less capital intensive. Brokers can connect via FIX API or MT4 bridge.
Read more about this new product on our blog.
1278.
Post 11654366 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
10 Minutes Later
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50 Minutes Later
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1291.
Post 11664359 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
15 Mins Later
40 Mins Later
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Post 11666129 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
Shorts creeping up.
Alexis Tsipras Greece, Prime minister in his speech says that they will work to become the central hub of commerce and economic activity linking the region by working with its regional partners outside of the EU and use its EU membership to bridge the EU to other regional partners. I would not be surprised if they work with Russia and the bricks to strengthens Greece Ties With Gas Link Deal to Europe
Alexis Tsipras Greece, Prime minister in his speech says that the EU as a solution to the debt crisis is the old defunct way and in light of the "NWO" they choose to look outside the traditional options for their solution.
Alexis Tsipras Greece, Prime minister and the People of Greece are certainly at the crossroads and looking to strengthen its regional partners outside of EU and by doing may set a new president for the region.
https://www.youtube.com/watch?v=mrguGqWHiFkHow will this play out for Bitcoin valuation this coming week?
10 Minutes later.
1293.
Post 11666730 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
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15 Minutes Later
10 Minutes Later
15 Minutes Later
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18 Minutes Later
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Post 11702395 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
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Post 11703188 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
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1300.
Post 11703904 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
Sitarow, I've missed your commentary as of late. Any thoughts concerning what may happen over the next 60 days; especially concerning various exchanges, ny, & regulation?
To me, it really is all feeling like the calm before the storm... Just wondering
They finally published:
Financial Services, Department of 7 / Regulation of the Conduct of Virtual Currency Businesses (A)
http://docs.dos.ny.gov/info/register/2015/june24/toc.htmlMy long term outlook is optimistic as favorable reports of reaching a consensus as to block size is resolved.
This result will help adoption of this technology to bring innovation to everyday interactions along with the emerging markets using the improved perception of blockchain usefulness.
Todays cryptocurrency market and increased investment into startups is reminiscent of the internet just before the .com bubble.
The next 60 days we should plan for an economic upheaval of sorts. Geopolitical events a decade in the making will take form as the global currency war will begin to openly effect the unbanked and those displaced by regional conflict.
As institutions attempt to use blockchain technology will remain high risk. Steps to normalize trading practices will help mitigate fears.
We should expect few successes and unfortunately more failures (those who arrogantly wish to circumvent the usefulness of the existing bitcoin network when implimenting their proprietary blockchain.)
tl;dr
Bitcoin technology adoption will keep pushing forward as we resolve issues block size, ease of use, institutional intigration. Uncertainty will remain as far as bicoins economic usefullness due to geopolitical issues that continue to stifle the global economy.
1301.
Post 11727895 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.18h):
Does this look familiar to anyone?
All charts today. June 27, 2015
Been going since the LTC rise.
LTC/USD Target Price
Low $2.80 -
High $3.00 Market exuberance pushed the pendulum between
$2.60 -
$3.20.
LTC/BTC Target Price
Low 0.0118 -
High 0.012 Market exuberance pushed the pendulum between
0.0110 -
0.0125.
BTC/USD Target Price
Low $240 -
High $250 Market exuberance pushed the pendulum between
$240 -
$255.
We have fewer who may be participating in the BTC market vs LTC. Leaving those who can influence the LTC/USD LTC/BTC price free reign.
How long until we have a repeat from earlier this year... LTC/BTC down - BTC/USD up.
1302.
Post 11750479 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.19h):
soon bitcoiners are going to realize that going bankrupt for a country is no big deal.
I would be worried to see zee germans going bankrupt. that never ends well.
Just don't mention the war Its already happening with media now reporting greece owes the money to euro countries (58 bill to germany ,30 bill italy etc) very soon these countries will turn on their citizens and ask them to suffer more austerity. Obviously greece and others cant pay so they will be asset stripped. Germany will suffer sooner or later,
http://demonocracy.info/infographics/eu/debt_greek/debt_greek.htmlasset stripped?
bitcoin user macsga not affected.
too bad he will not know how and where to spend them.
what good is money if their is no food/water...
1303.
Post 11751178 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.19h):
1304.
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1305.
Post 11751314 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.19h):
Does $266 count as a "psychological barrier"?
1306.
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1324.
Post 11809986 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Anybody worried about this yet?
Thanks
flat earth 1MB maxblocksize aficionados!
Nah...
1325.
Post 11810309 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
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1328.
Post 11813377 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
2015-7-7 9:22am EST
1329.
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1330.
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1331.
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1332.
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1333.
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1334.
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1335.
Post 11829557 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
@sitarow whats your view on ltc? correction soon?
Hard to say.
In my opinion we have a new player keeping BTC at the price point between 260 - 270. Perhaps due to KNC bitcoin backed XBT now open to Germany. Holding BTC in this price point will prevent a mass rush to bring new hardware on the network therefore increasing difficulty and reducing profitability.
LTC is in a way still a free open market despite the obvious attempt by those holding large quantities of LTC dumping it for USD at these high prices.
Can we see moves into $10 LTC/USD? Perhaps as there are other extenuating circumstances (China market turmoil)+(Greece economic uncertainty) (political instability in the middle east).
This may be just an opportune pump opportunity to make coin using alts.
1336.
Post 11829685 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1337.
Post 11837494 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1338.
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1339.
Post 11840694 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Anyone remember this happening just 6 months ago?
Last time BTC retracted and LTC mooned. I wonder if that will happen again.
1.00 XBT = 287.858 USD
BITCOIN XBT trading at 11.99 SEC x 200 USD = 286.
Unless that goes up I can't see BTC trading higher for long.
1340.
Post 11840756 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
So, I guess
that party is over now, no?
BITCOIN XBT will push that party back right quick.
I gather that they expected BTC to rocket. However they failed to realize the extent and volume of the traditional liquidity in the open market.
I would not be surprised that the market maker will most likely not permit BTC to rise.
1341.
Post 11841075 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1342.
Post 11841131 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Back on the road again. (Riding out this wave may prove wise choice.)
1343.
Post 11841283 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1344.
Post 11841738 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1345.
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1346.
Post 11844470 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
What's up with OKCoin?
Is it just messed up on BitcoinWisdom? Site seems to be up and running fine.
OkCoin really did go full retard for a minute there.
Huobi also was effected.
https://bitcoinwisdom.com/markets/huobi/btccny
1347.
Post 11844591 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1348.
Post 11845109 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1349.
Post 11845118 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1350.
Post 11845434 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1351.
Post 11845862 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1352.
Post 11846402 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
BTW ^ this address has been receiving LTC even before the LTC rise.
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=80004/20/2015 1:25:02 PM (UTC) 34ya1Bx4MQQnQJEnyG1G914fPTKZnPSrj2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 12:53:21 PM (UTC) 388R1NB8w28Rid3MBXPbhp7rG5ojdx2Udf, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 3,000 LTC
4/20/2015 12:29:08 PM (UTC) 3FnCGzkGuYTUy8kqEVJLiwcD45HDna3V6n, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 9:12:56 AM (UTC) 3Nh3pRKbyEi8tWP5DvF43tzb9sLabqHNH2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 1,000 LTC
9AM EST 2015-07-10
6:28PM EST 2015-07-10
1353.
Post 11846480 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
how big of an idiot do you have to be to help run up LTC from 3.8-->4.8 the same day the bubble pops?
Someone that wants LTC for one reason or another?
1354.
Post 11847671 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1355.
Post 11850087 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
6AM EST 2015-07-11
Before the BTC/LTC selloff move.
AFTER the BTC/LTC selloff move.
http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538High 12.12 Sek a share x200 = 1 BTC @ 287.46 USD
http://xbtprovider.com/lang_sv/
1356.
Post 11850447 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
I will remain skeptical.
1357.
Post 11851561 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1358.
Post 11851618 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1359.
Post 11851772 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1360.
Post 11851914 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Just a little shakeout to offload the bears.
A healthy retrace. We're coiling. Like a spring.
This is a great arbitrage opportunity.
http://finance.yahoo.com/q?s=BITCOIN-XBT.ST still trading at $286 = 1 BTC
1361.
Post 11854262 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1362.
Post 11854902 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1363.
Post 11855159 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
BTW ^ this address has been receiving LTC even before the LTC rise.
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=80004/20/2015 1:25:02 PM (UTC) 34ya1Bx4MQQnQJEnyG1G914fPTKZnPSrj2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 12:53:21 PM (UTC) 388R1NB8w28Rid3MBXPbhp7rG5ojdx2Udf, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 3,000 LTC
4/20/2015 12:29:08 PM (UTC) 3FnCGzkGuYTUy8kqEVJLiwcD45HDna3V6n, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 9:12:56 AM (UTC) 3Nh3pRKbyEi8tWP5DvF43tzb9sLabqHNH2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 1,000 LTC
9AM EST 2015-07-10
6:28PM EST 2015-07-10
Those that claim that that address is may wish to reevaluate their conclusions as to the caused the LTC/BTC dump.
https://bitinfocharts.com/litecoin/address/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatoutx: f8281149e...d0cb 813259 2015-07-10 04:57:20 -500 LTC 1,068,047.7324 LTC $6,397,658 @ $6 <---- That is when withdraws started on the wallet. After the dump.
1364.
Post 11855216 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1365.
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1366.
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1367.
Post 11856036 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Hey Sitarow, where is dollar bills in your cool animation?
Good question
1368.
Post 11856193 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1369.
Post 11856356 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1370.
Post 11856419 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Interesting.
1371.
Post 11856442 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1372.
Post 11856489 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1373.
Post 11856517 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1374.
Post 11856700 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1375.
Post 11856778 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1376.
Post 11856833 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
You can see that just before the move to sell LTC for BTC on friday there was little volume needed to push the ltc/btc price down. I marked the history line for you in this image
For those attempting to understand the charts.
Right side is each exchange 2 hr volume you can see the tome at the top LAST 2H 0M
What was sold and bought and total.
Top is the history price green line of btc and ltc on bitfinex. The individual blocks are different exchange and currency pairs.
Blue line on the right is asks. Yellow line is bid. Green line is price history. Grey lines represent history lines you can see if people are placing bids and taking them down. I have it set to 5 mins. So if a bit stays then if its pulled it will remain as a grey line after 5 mins.
The purple lines is my target alarms. The left red vertical line is the low trade point and the right green vertical line is the high trade point.
If i select any green and link the different exchanges it will tell me what the volume ASK BID was at that time.
1377.
Post 11857136 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1378.
Post 11857218 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1379.
Post 11858685 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1380.
Post 11858710 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
http://www.bloomberg.com/quote/COINXBT:SS12.04 SEK= 1.43 USD 1 share x 200 = 1BTC = $286 USD
Monday will be interesting.
1381.
Post 11858776 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1382.
Post 11858816 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Hmmmm.... This bag I am holding is filling up mighty quick. It's like it's magic or something.
lol...bag holder
Looking forward to seeing how Monday markets go.
1383.
Post 11858989 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1384.
Post 11859076 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Who remembers this.Talk about flash backs!
November 1st 2012 - 28 days before BTC halving.
BTC and LTC now 44 Days to ltc halving.
Knowing what you know... Will history repeat itself?
1385.
Post 11859188 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
Who remembers this.Talk about flash backs!
November 1st 2012 - 28 days before BTC halving.
BTC and LTC now 44 Days to ltc halving.
Knowing what you know... Will history repeat itself?
Wow amazing data to reflect on... quite the archives you have there
July 12 2012 3 Years ago today.
1386.
Post 11859336 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1387.
Post 11859412 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
A little flash back I found lying around. Good times!
love that day.
Still what do you all think will be the outcome for Aug 26th?
Image 3 years ago today. And November leading up to the BTC halving 2012 November 28th.
1388.
Post 11859515 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1389.
Post 11859607 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1390.
Post 11859682 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1391.
Post 11859799 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1392.
Post 11859843 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1393.
Post 11859886 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1394.
Post 11859955 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1395.
Post 11859975 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1396.
Post 11860118 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1397.
Post 11860247 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1398.
Post 11860575 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1399.
Post 11860896 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1400.
Post 11860928 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.20h):
1401.
Post 11865500 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1402.
Post 11865816 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1403.
Post 11865854 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1404.
Post 11865877 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
I can see it holding at or between $260 and $280
1405.
Post 11865915 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1406.
Post 11865961 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1407.
Post 11866001 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1408.
Post 11866917 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1409.
Post 11871408 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1410.
Post 11871824 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1411.
Post 11874829 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1412.
Post 11877911 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1413.
Post 11879972 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1414.
Post 11880855 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1415.
Post 11881655 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1416.
Post 11886362 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1417.
Post 11886736 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1418.
Post 11886801 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
Bank of Canada cuts benchmark interest rate to 0.5%
"2nd time since January that central bank has cut lending rate"
1419.
Post 11887572 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1420.
Post 11888087 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1421.
Post 11889112 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1422.
Post 11889130 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
No offense, but does anyone ever view these pictures?
So the chart, from my simple understanding and looking at the top,
seems to show a significant decrease in ltc/btc
however, it also shows the value of btc/usd remaining constant
this is, in my opinion, kind of interesting. besides ltc/btc value decreasing, shouldn't something happen to btc?
well, if you look at ltc/usd it seems to be showing the inverse correlation (it's going down)
so my guess is they're taking money out via ltc/usd? /shrug, i'm not very good at reading the charts, I just try to get a feel for the big moves and trends up/down
The accumulation of USD indicates to me that some are willing to hold onto large reserves of usd in preparation for the potential push upward.
No offense, but does anyone ever view these pictures?
No I cant read it
Left side squares are each exchange 2 hr volume you can see the time at the top LAST 2H 0M .
What was sold and bought and total. Top is the history price green line of btc and ltc on bitfinex.
The individual blocks are diffrent exchange and currency pairs. Blue line on the right is asks. Yellow line is bid.
Green line is price history. Grey lines represent history lines you can see if people are placing bids and taking them down.
I have it set to 5 mins. So if a bit stays then if its pulled it will remain as a grey line after 5 mins.
The purple lines is my target alarms. The left red vertical line is the low trade point and the right green vertical line is the high trade point.
If i select any green and link the different exchanges it will tell me what the volume ASK BID was at that time.
1423.
Post 11890122 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1424.
Post 11890226 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1425.
Post 11895552 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1426.
Post 11896131 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
1427.
Post 11910151 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
A trailing stop isn't as easily exploited I think? Aren't they are slower to readjust?
I had a stop at 250 or so a while back and a guy just sold .00001 BTC at a low price and triggered the order and meanwhile the BTC sold for highest bid which happened to be lower than the stop loss ~ 249 or so.
However if you set a really low trailing stop like one at ~ 10% loss I think you are covered.
You defiantly can't put them too close to your buying price. U can't put them too far either or else you will sell at the bottom of the wave.
And for situations like this:
Putting a very low one would be a disaster.
Makes all other trades in the chart look minor.
1428.
Post 11936608 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.21h):
Who will win...
1429.
Post 11992334 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.22h):
1430.
Post 11992746 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.22h):
Welcome back Sitarow, long time not around bro, hope you are fine
Doing well.
Old World trading has its own opportunities these last 17 days. Question is will we see a repeat of 2008.
1431.
Post 12012503 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.22h):
bfxdata.com
Haha. Pull the other one.
there is a whole list... just to mention some.
slow confirmations
blocksize
energy consumption
outdated blockchain tech
banks dont give a damn
bad reputation
usage is down
regulatory issues on exchanges
scams everywhere
blockchain is the future, but Bitcoin itself has
no intrinsic value and its price is purely based on speculation.
it's just a
frustrated banker which know very well his time is over.
https://www.youtube.com/watch?v=-DT7bX-B1Mghaha.. indeed.
http://imgur.com/gallery/EzeT1 <----- Sad part of retail marketing. What is the value of such product... "no intrinsic value" or "underlying perception of its true value"
https://www.youtube.com/watch?v=M9LjaQdl7wc
1432.
Post 12030157 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.22h):
1433.
Post 12086078 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.22h):
1434.
Post 12086217 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.22h):
1435.
Post 12090220 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.23h):
1436.
Post 12179137 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.23h):
1437.
Post 12230360 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.24h):
1438.
Post 12230551 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.24h):
1439.
Post 12395911 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.26h):
1440.
Post 12486012 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.26h):
1441.
Post 12544875 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.27h):
1442.
Post 12608085 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.27h):
Is it okay to post these now?
1443.
Post 12616301 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.27h):
October 6th 9:20AM 2015
1444.
Post 12616795 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.27h):
1445.
Post 12617911 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.27h):
BitcoinXT challenges BitcoinCore's supremacy -- no change in the BTC price
BitPay reveals loss of 6 months worth of revenue -- no change.
Major banks ditch Bitcoin and go for permissioned blockchains -- no change
BitcoinXT loses its initial support -- no change
21co releases their bitcoin-enabled RPi -- no change
BlockStream open for a 2 MB block size limit -- no change
Banks force most bitcoin firms in Australia to close -- no change
Gemini gets a BitLicense and announces opening -- no change
Malleability attack by a bored Russian causes general havoc -- no change
Jack Liu of OKCoin on Bloomberg TV -- price jumps by 8 USD in minutes.
Welcome to the world of 比特币...
Interesting observation.
1446.
Post 12660305 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.27h):
1447.
Post 12800754 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1448.
Post 12811169 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1449.
Post 12820230 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
I recently exported this layout to ID 1350
1450.
Post 12820761 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1451.
Post 12821040 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1452.
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1453.
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1454.
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1455.
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1456.
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1457.
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1458.
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1459.
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1460.
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1461.
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1462.
Post 12824779 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1463.
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1464.
Post 12825077 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1465.
Post 12827026 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1466.
Post 12827122 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1467.
Post 12827214 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
Update
2015-10-29 11:27PM EST
1468.
Post 12827249 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1469.
Post 12827309 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1470.
Post 12827336 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1471.
Post 12827450 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
2015-10-29 00:30hrs EST
1472.
Post 12827527 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1473.
Post 12827569 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
Making fun of bears and shotrers isn't even fun anymore. I am honestly starting to worry and feel bad for them.
Wow. That's....refreshing.
I'm sure the condition will subside when we correct.
Looking good
1474.
Post 12827604 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1475.
Post 12827630 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1476.
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1477.
Post 12827692 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1478.
Post 12827726 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1479.
Post 12827835 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
2015-10-30 1:53AM EST
1480.
Post 12827900 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
2015-10-30 2:15AM EST
1481.
Post 12828118 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1482.
Post 12828152 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1483.
Post 12828217 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
2015-10-30 3:08AM
1484.
Post 12828283 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1485.
Post 12828306 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
looks like it's a tough battle for 316. turning off the charts for today cya tomorrow at 330
good morning gentlemen
it's happening!!! next 24 hours critical? 340 top or new ath inc?
Gemini hit $374
1486.
Post 12828371 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.29h):
1487.
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1488.
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1489.
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1490.
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1491.
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1492.
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1495.
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1496.
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1497.
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1498.
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1499.
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1500.
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1501.
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1502.
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1503.
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1504.
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1505.
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1506.
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1507.
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1508.
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1509.
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1510.
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1511.
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1512.
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1515.
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1516.
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1517.
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1518.
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1519.
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1520.
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1521.
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1522.
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1523.
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1524.
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1525.
Post 12873618 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
1526.
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1533.
Post 12876977 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
Does anyone here have the balls to hold and not sell a single satoshi until 1k is reached?
I mean no guarantee that happens, but does anyone have any reasonable selling plans or price targets?
my plan
sell @3200 USD
all in @2200 USD
seriously
And a month later it hits 50k
1534.
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1548.
Post 12888048 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
Damn, price in China a whopping $55 higher than US. Something's gonna give soon.
I remember when Gox price started floating up... But this is not like that at all.
ya but china knows how to run a proper bucket shop, everything will be fine.
Do you think it has anything to do with this?
Self fulfilling prophesy if people follow the pattern?
1549.
Post 12888221 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
1550.
Post 12888846 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
1551.
Post 12888946 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
Damn, price in China a whopping $55 higher than US. Something's gonna give soon.
I remember when Gox price started floating up... But this is not like that at all.
ya but china knows how to run a proper bucket shop, everything will be fine.
Do you think it has anything to do with this?
Self fulfilling prophesy if people follow the pattern?
It seems that the price is a bit oversold. I suppose that this was a bad prediction?
1552.
Post 12888998 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.31h):
1553.
Post 12889133 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.32h):
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1555.
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1556.
Post 12889699 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.32h):
I do this every time, i put in a speculator short pretty much at the top, and then cover at at like 5% profit, and then price tanks.
You and me both.
1557.
Post 12895167 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.32h):
1558.
Post 12897632 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.32h):
1559.
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1560.
Post 12904871 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.32h):
even i'm bearish.
time for me to buy.
agreed
Some else one says so...
1561.
Post 12929571 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.33h):
1562.
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1566.
Post 13035990 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.34h):
Two weekends in a row has been rather uneventful.
1567.
Post 13036069 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.34h):
Two weekends in a row has been rather uneventful.
Hey can you share the name of that site/panel, that's really cool! Thanks!
BTCcharts I exported that layout# 1378 if you wish to use it once you login
1568.
Post 13048837 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.34h):
1569.
Post 13067976 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.35h):
Wow.
1570.
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1582.
Post 13141311 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
OTOH, depending upon the coding of the website, the operator of 'howsecureismypassword.net' may already know yours.
I find it hard to imagine a motivation for someone to set up such a site other than building a file of passwords that are good candidates to brute force...
Skeptical as always.. However I too share your sentiment.
1583.
Post 13142483 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
1584.
Post 13153299 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
My price estimate for next Bitcoin jump is $1600 with 4MB blocks and $3200ish with 8MB blocks:
Lowball Bitcoin price prediction as a money transmitter in comparison to Paypalhttps://bitcointalk.org/index.php?topic=1243623.0It seems
Blockstream has conceded to 8MB blocks and that's probably what will result from scaling conference. Those price estimates are sustained and not peak, so god knows what peak can be.
this is fucking bullish
+ i think at the conference we're going to hear a lot of good ideas / things that are currently being worked on to scale bitcoin
poeple are going to realize its not a simple matter of upping the limit, and there are actually are
many possibility, so people's minds will change from "IF bitcoin will scale", to "HOW bitcoin will scale". we could see an impressive bull run with this.
This needs a gif.
1585.
Post 13153425 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
My price estimate for next Bitcoin jump is $1600 with 4MB blocks and $3200ish with 8MB blocks:
Lowball Bitcoin price prediction as a money transmitter in comparison to Paypalhttps://bitcointalk.org/index.php?topic=1243623.0It seems
Blockstream has conceded to 8MB blocks and that's probably what will result from scaling conference. Those price estimates are sustained and not peak, so god knows what peak can be.
this is fucking bullish
+ i think at the conference we're going to hear a lot of good ideas / things that are currently being worked on to scale bitcoin
poeple are going to realize its not a simple matter of upping the limit, and there are actually are
many possibility, so people's minds will change from "IF bitcoin will scale", to "HOW bitcoin will scale". we could see an impressive bull run with this.
This needs a gif.
wtv man watch it happen.
>32,000$ in < 2 years
I am with you on its future potential value. I can see BTC ending up worth more than what most imagine it would be.
1586.
Post 13153903 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
nice i sold a few on 50cents from the top
Congrats
1587.
Post 13161573 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
"But for now, the concept is drawing to the end of its 100-day development cycle. Clarke said the user research would inform the team's next steps, which would be to consider a commercial model for the product. This would include a possible fee structure and consideration of third-party vendors.
Downing stressed that there is no guarantee that the concept would be used in a commercial setting. Those decisions lie further down the road, he said.
"We wanted to test the technology's capabilities ... but we haven't made any of those decisions," he said."
1588.
Post 13161592 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
"But for now, the concept is drawing to the end of its 100-day development cycle. Clarke said the user research would inform the team's next steps, which would be to consider a commercial model for the product. This would include a possible fee structure and consideration of third-party vendors.
Downing stressed that there is no guarantee that the concept would be used in a commercial setting. Those decisions lie further down the road, he said.
"We wanted to test the technology's capabilities ... but we haven't made any of those decisions," he said."
gr8 more news on this in the future.
Still these steps are looking promising.
1589.
Post 13161762 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
1590.
Post 13189048 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
1591.
Post 13199995 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.36h):
Over the rally from $350 to $425, the bid walls on bfx steadily grew from 35k to 41k. Now suddenly they are down to 31k. Speculations?
Wow! I'm walking among legends.
lol, yes you are.
Who here thinks we are going to test recent lows
1592.
Post 13206379 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
1593.
Post 13214589 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
1594.
Post 13219168 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
will it pass $505?
1595.
Post 13221506 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
1596.
Post 13221723 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
1597.
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1598.
Post 13221848 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
1599.
Post 13221890 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
hmm
1600.
Post 13221906 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
It's not just the dump, it's the paper thin orderbook I was warning about yesterday. During most of the rally, the bfx order book went up from 30k to 42k and then over the past 3 days it has gone back DOWN from 42k to 28k even BEFORE the dump.
Like you have pointed out, I noticed a few people were not confident with the market rise. Nothing wrong with taking profits.
1601.
Post 13222018 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
settling in the 400s would be lovely. so lovely, but it seems the turbulence is here to stay now
i kind of liked the long $230, meant i could focus on my actual life.
words of truth... who wants coffee?
1602.
Post 13245730 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
Perhaps some think this is next
1603.
Post 13252258 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.37h):
Well here we go again and its only Monday
Just checking in,,, so what's up with ripple? lol Don't worry ill go read up on it later
Rippletrade is being shut down in early 2016 at a date yet to be determined. There is about a month to get your XRPs, Bitcoins, and fiat out of your rippletrade wallet. They announced it about half a day ago, and ripple's been crashing ever since. This time last year ripple had been pumped up six times its starting price, a year later and it's dying.
https://forum.ripple.com/viewtopic.php?f=1&t=15818... we are discontinuing support for Ripple Trade in early 2016.
The reason they gave...
we ultimately found that interbank payments underpin them all. More specially, cross-border interbank payments carry the most friction and can benefit the most from Ripple. So, as a company, we’ve been focused the past two years on building the business case, customer pipeline and products to deliver on that specific use case.
Here is the proof many needed and why centralized platforms ....
1604.
Post 13255273 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.38h):
nicy nice
Those transactions may be the result of tests from other projects (side chain) type.
1605.
Post 13255458 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.38h):
nicy nice
Those transactions may be the result of tests from other projects (side chain) type.
Are we expecting less of these projects?
If not...
No and it is welcomed
1606.
Post 13257407 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.38h):
The only question is whether we retake 504 on this run or not.
If we do best the previous high then expect the media to start to wake up and everyone prepare for a clamour and cacophony about retest of the ATH.
Interesting times.
All I know is that after reviewing my hardware vs difficulty vs return document home miners can still profit if btc is over $450 and only pay $0.10 kWh of power.
If you pay $0.03 kWh of power btc can be down at $150 USD and still profit.
I have revised my old hardware return vs network difficulty increase chart to shine some light on this.
This document has been shared for anyone to use.
BTC at $150 USD power costs at $0.03 kWh.
BTC at $450 USD power costs at $0.03 kWh. EDIT:
<---- it should be 0.10 kWh
https://docs.google.com/spreadsheets/d/1ZphwgPk2lySm3sNlHnow6tuwx6YUV0G7qGDtRZ2xFbk/edit?usp=sharingYou will also find other sheets that contain estimated returns that only factor in power costs.
Please note that this does not take into account hardware or other overhead costs.
1607.
Post 13257559 (copy this link) (by Sitarow) (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
yea right who the he'll wants stocks you can't use
You mean stocks which represent nothing beyond the paper they're [not] printed on?
Good question.
You don't understand stocks much do you?
Perhaps not. Teach me?
@Sitarow, so what you're telling me is I could make money if I got my gear for free?
Yes or on the cheep or don't have to pay power like some locations oh and if your looking I think their is a franchise option from Bitfury as long as you can provide the facility and power site.
1608.
Post 13257698 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.38h):
The only question is whether we retake 504 on this run or not.
If we do best the previous high then expect the media to start to wake up and everyone prepare for a clamour and cacophony about retest of the ATH.
Interesting times.
All I know is that after reviewing my hardware vs difficulty vs return document home miners can still profit if btc is over $450 and only pay $0.10 kWh of power.
If you pay $0.03 kWh of power btc can be down at $150 USD and still profit.
I have revised my old hardware return vs network difficulty increase chart to shine some light on this.
This document has been shared for anyone to use.
BTC at $150 USD power costs at $0.03 kWh.
BTC at $450 USD power costs at $0.03 kWh.
<---- it should be 0.10 kWh
https://docs.google.com/spreadsheets/d/1ZphwgPk2lySm3sNlHnow6tuwx6YUV0G7qGDtRZ2xFbk/edit?usp=sharingYou will also find other sheets that contain estimated returns that only factor in power costs.
Please note that this does not take into account hardware or other overhead costs.
great work
Its an old document however it helps those understand the economic implications.
1609.
Post 13260155 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.38h):
1610.
Post 13568115 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
... I asked you how you plan to do that with less than 25% of the hashrate of Classic.
Obviously you're slow. I'll repeat it once again for you.
We'll stick to main bitcoin branch. Period.
You're free to fork it under whatever name you wish - XT, ClassicBitcoin, UnlimitedBitcoin whatever. Percentage of current hash rate you'll take after forking is irrelevant. Bitcoin doesn't care. Bitcoin existed and flourished with far less hash rate few years ago.
May the games begin
who loves cheep coins!
1611.
Post 13610547 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
if we all buy now we can all
sell back higher feel rich as price explodes and we be HODLING.
Adam,
Have you heard the news?
Cavirtex and Coinsetter now part of Kraken
What do you think? Huge or so so?
Kraken Acquiring Coinsetter and Cavirtex to Bring Global Bitcoin Exchange to United States and CanadaHappy New Year! We are starting 2016 with some fireworks of our own – Coinsetter is being acquired by Kraken, a premier bitcoin exchange. Read the formal public announcement here:
http://www.businesswire.com/news/home/20160119005459/enThis transition will bring huge upgrades to your account, offering domestic US deposit/withdrawal bank transfers, deeper order book liquidity, and improved margin trading.
What will happen to my account(s)?
On January 26, 2016, Coinsetter will temporarily halt trading and begin the safe migration of all accounts (and funds) to the Kraken platform. This process is expected to take just a few hours. Upon completion, you will be able to log in at
www.kraken.com and immediately begin trading with any US dollar (USD) and bitcoin (XBT) funds that are in your Coinsetter account(s) at the time of migration. You will be able to deposit or withdraw bitcoin (XBT) immediately too. After a brief and seamless process to activate your account with SynapsePay, our trusted USD payment processor, you’ll be able to deposit and withdraw USD.
Why is this good for me?
This is outstanding news for Coinsetter clients. As a Kraken account holder, you will receive:
Free domestic USD wire deposits through SynapsePay until March 1 (when the promotion ends, the deposit fee will be $5 flat)
Domestic USD wire withdrawals will be $5 flat
Low trading fees (via a maker taker model with fees ranging from 0% to 0.26%; read more at
https://www.kraken.com/help/fees)
Exchange options you have been demanding all along, such as advanced order types for setting profit targets or stops
Trade 18 currency pairs, including 5 fiat currencies (USD, EUR, CAD, GBP, JPY) and multiple digital currencies (Ether, Litecoin, etc.)
You’ll also get:
Superior trading interface
24/7, high touch support including live chat
Sophisticated API (documentation:
https://www.kraken.com/help/api)
iOS app for trading on the go
The Coinsetter & Kraken teams
1612.
Post 13610619 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
if we all buy now we can all
sell back higher feel rich as price explodes and we be HODLING.
Adam,
Have you heard the news?
What do you think? Huge or so so?
Happy New Year! We are starting 2016 with some fireworks of our own – Coinsetter is being acquired by Kraken, a premier bitcoin exchange. Read the formal public announcement here:
http://www.businesswire.com/news/home/20160119005459/enThis transition will bring huge upgrades to your account, offering domestic US deposit/withdrawal bank transfers, deeper order book liquidity, and improved margin trading.
What will happen to my account(s)?
On January 26, 2016, Coinsetter will temporarily halt trading and begin the safe migration of all accounts (and funds) to the Kraken platform. This process is expected to take just a few hours. Upon completion, you will be able to log in at
www.kraken.com and immediately begin trading with any US dollar (USD) and bitcoin (XBT) funds that are in your Coinsetter account(s) at the time of migration. You will be able to deposit or withdraw bitcoin (XBT) immediately too. After a brief and seamless process to activate your account with SynapsePay, our trusted USD payment processor, you’ll be able to deposit and withdraw USD.
Why is this good for me?
This is outstanding news for Coinsetter clients. As a Kraken account holder, you will receive:
Free domestic USD wire deposits through SynapsePay until March 1 (when the promotion ends, the deposit fee will be $5 flat)
Domestic USD wire withdrawals will be $5 flat
Low trading fees (via a maker taker model with fees ranging from 0% to 0.26%; read more at
https://www.kraken.com/help/fees)
Exchange options you have been demanding all along, such as advanced order types for setting profit targets or stops
Trade 18 currency pairs, including 5 fiat currencies (USD, EUR, CAD, GBP, JPY) and multiple digital currencies (Ether, Litecoin, etc.)
You’ll also get:
Superior trading interface
24/7, high touch support including live chat
Sophisticated API (documentation:
https://www.kraken.com/help/api)
iOS app for trading on the go
The Coinsetter & Kraken teams
i'm a little annoyed that once again i'll have to make sure my cavirtex account is all good after this move.
but this is pretty good news, i have a kraken account and have done all kinds of trading there. very good trading platform. low fees, stop loss orders, etc.
I was holding off trading on there yet with this move I may test the platform. I do admit that I appreciate what they have to offer.
1613.
Post 13610732 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
re Luke-JR and changing over to SHA3: The man seems to go out of his way to find causes to champion, the more hopeless, the better. I first remember paying attention to him when he was acticely pushing tonal notation for Bitcoin. At least that was relatively harmless, if eccentric.
changing over to SHA3 has been proven to be unnecessary for now.
1614.
Post 13611432 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
Splitting a currency unit into two does not dilute the currency any more than moving the decimal point does.
In order to dilute you would need to create new units and issue them to someone other than existing holders.
Well mining does create new units, doesn't it? And instead of having +6mn coins, you then have +12mn due to parallel mining of +3600 coins on each fork.
No difference than moving the decimal still. Miners will mine in proportion to the market value of each new coin which means the share of supply held by each existing holder and each miner who spends a given amount of resources on mining will remain the same.
Regarding existing holders, if you have your own keys you are relatively ok (minus the obvious destruction of USD value), but the situation with coins in online exchanges and wallets will be "problematic" if say an exchange with 500k BTCs, say 'ok my clients, now you have 500k BTCCs because we adopted this fork' (and we are keeping 500k BTCs of the other fork for ourselves). It would be like stealing BTCs and exchanging them for Gavincoins.
People need to do a bank run in every exchange (maybe even online wallets too) well before we reach the point of the hard fork, to ensure that they have control of their BTCs.
Yes, there are infrastructure issues and issues of fairness with respect to third party custody. Although likely irrelevant now, Cryptsy had something in their Terms of Service that
explicitly gave them ownership. That's nuts.
Very real issues, but not the same as dilution.
Buy BTC and move them off the exchanges sure sounds reasonable and may even spike the value.
Thus the best solution is to keep your BTC in a wallet you have direct control over and then you will have the same coins on all network "forks".
1615.
Post 13632681 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
"One could even go so far as to claim the current banking system is more decentralized than bitcoin at this point. The Federal Reserve is composed of
12 banks across the country which
then lend money to the nearly 7,000 banks in the country, not to mention the thousands of credit unions as well.
On the other hand, bitcoin (although still in its infancy) is
currently managed primarily by four large mining pools, all out of China. While these pools are networks of many individual miners, there is uneasiness about this predisposition."
#1 BTC = Global, not a single country.
#2 BTC = Public Ledger and distributed, Unlike banks that don't even trust one another's books.
#3 BTC and its participants can migrate to a better horizon solution at a moments notice. Unlike bank that don't have a trusted backup that they would ever agree on due to political situations and commitments.
The list goes on. It is unfortunate to see this disingenuous type of approach to sell sensationalism while masquerading as journalistic reporting.
1616.
Post 13632966 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
"One could even go so far as to claim the current banking system is more decentralized than bitcoin at this point. The Federal Reserve is composed of
12 banks across the country which
then lend money to the nearly 7,000 banks in the country, not to mention the thousands of credit unions as well.
On the other hand, bitcoin (although still in its infancy) is
currently managed primarily by four large mining pools, all out of China. While these pools are networks of many individual miners, there is uneasiness about this predisposition."
#1 BTC = Global, not a single country.
#2 BTC = Public Ledger and distributed, Unlike banks that don't even trust one another's books.
#3 BTC and its participants can migrate to a better horizon solution at a moments notice. Unlike bank that don't have a trusted backup that they would ever agree on due to political situations and commitments.
The list goes on. It is unfortunate to see this disingenuous type of approach to sell sensationalism while masquerading as journalistic reporting.
#1 majority hashpower is in China. Chinese mines can be controlled or shut down by the People's Bank or the government.
If you are referring to the "manufacturing of asic hardware" than consider that the "hashpower" you refer to is soon (as in the next month or so) to be made obsolete by sources outside china.
If you are referring to pool and network computation share of the pie than what you see are the results of pool participants that can easily direct their hardware at other locations if the need arises. That hash-power is migratory.
The changing landscape of the infrastructure that supports bitcoin is constantly evolving and to think the old rules apply is short sighted understanding.
1617.
Post 13633111 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
"One could even go so far as to claim the current banking system is more decentralized than bitcoin at this point. The Federal Reserve is composed of
12 banks across the country which
then lend money to the nearly 7,000 banks in the country, not to mention the thousands of credit unions as well.
On the other hand, bitcoin (although still in its infancy) is
currently managed primarily by four large mining pools, all out of China. While these pools are networks of many individual miners, there is uneasiness about this predisposition."
#1 BTC = Global, not a single country.
Which only makes things moar lopsidedly hilarious: Hundreds of central banks, in hundreds of countries, vs. 4 bros in Chian.
#2 BTC = Public Ledger and distributed, Unlike banks that don't even trust one another's books.
Bitcoin's core devs are at war with each other :-
#3 BTC and its participants can migrate to a better horizon solution at a moments notice. Unlike bank that don't have a trusted backup that they would ever agree on due to political situations and commitments.
"A better horizon solution at a moments notice"? Bitcoin can't even agree on a trivial issue like
blocksize in ...how long has this drama been going on? A year? That's right, about a year.
Tell me more about "a moments [sic] notice."
I think you may be trolling
however for those that may be reading your reply then please indulge further.
#1
The "hashpower" is migratory and can move in less time than it takes for you to wire funds to your exchange of choice and get transferred to BTC.#2
Anyone including you can step up to the plate and provide a solution that will attain consensus #3 "Bitcoin can't even agre"? Bitcoin is not an individual there fore no agreement necessary. What you mention is the different perspectives that people have to resolve issues that may or may not fit into their expectations of what Bitcoin is or should do.
No attempt to present disingenuous views will change the fact that bitcoin and this technology has a flexibility that those in the old world are uncomfortable with. Bitcoin and the block chain technology has enabled all
participants the ability to choose the best solutions that are put forward.
1618.
Post 13633199 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
...
If you are referring to pool and network computation share of the pie than what you see are the results of pool participants that can easily direct their hardware at other locations if the need arises. That hash-power is migratory.
The changing landscape of the infrastructure that supports bitcoin is constantly evolving and to think the old rules apply is short sighted understanding.
Lolno. The hashpower stays where electricity costs are low/government subsidized: China.It is true that mining has been a community service more than a self sustaining endeavor that would result in long turn profit.
The sooner people recognize that mining profitably and mining to get a lions share of the daily bitcoin subsidy pool the richer the local economy in that area will be.
For instance if a government or corporation recognized the value of mining bitcoin they would subsidies hardware development and support building infrastructures that would employ members of the local community.
For one example would be to use bitcoin mining as a way to subsidies operating costs of a power plant. Why have simply the local community pay for the electricity, why not get the global population that use BTC to pay for the power plant operating costs... Wind solar and so on. Many options have presented themselves in China but due to the ever changing landscape of the technology that is used to mine bitcoin being competitive only lasts on average 3 to 6 months before your initial investment costs are no longer recouped and you are forced to "UPGRADE".
1619.
Post 13633290 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
"One could even go so far as to claim the current banking system is more decentralized than bitcoin at this point. The Federal Reserve is composed of
12 banks across the country which
then lend money to the nearly 7,000 banks in the country, not to mention the thousands of credit unions as well.
On the other hand, bitcoin (although still in its infancy) is
currently managed primarily by four large mining pools, all out of China. While these pools are networks of many individual miners, there is uneasiness about this predisposition."
#1 BTC = Global, not a single country.
Which only makes things moar lopsidedly hilarious: Hundreds of central banks, in hundreds of countries, vs. 4 bros in Chian.
#2 BTC = Public Ledger and distributed, Unlike banks that don't even trust one another's books.
Bitcoin's core devs are at war with each other :-
#3 BTC and its participants can migrate to a better horizon solution at a moments notice. Unlike bank that don't have a trusted backup that they would ever agree on due to political situations and commitments.
"A better horizon solution at a moments notice"? Bitcoin can't even agree on a trivial issue like
blocksize in ...how long has this drama been going on? A year? That's right, about a year.
Tell me more about "a moments [sic] notice."
I think you may be trolling
however for those that may be reading your reply then please indulge further.
#1
The "hashpower" is migratory and can move in less time than it takes for you to wire funds to your exchange of choice and get transferred to BTC.What does that even mean? The hashpower is a bunch of factory mines in China. They could be banned/seized by the Chinese government (possibly to mine their own crypto, possibly to add some extra "disruptive" to Bitcoin.
Migratory?
#2
Anyone including you can step up to the plate and provide a solution that will attain consensus But reaching the consensus is nearly impossible, as a year of hilarious infighting has so aptly illustrated. It's a flaw, at the conceptual level. You can't fix it, like you can't fix a broken perpetual motion engine. it's totally forked
#3 "Bitcoin can't even agre"? Bitcoin is not an individual there fore no agreement necessary. What you mention is the different perspectives that people have to resolve issues that may or may not fit into their expectations of what Bitcoin is or should do.
Of course agreement is necessary. Without it you can't solve emerging problems, "at a moments notice" or in a year. Doh.
No attempt to present disingenuous views
WTF are disingenuous views?From what I can tell and what I perceive, is that you have a greater understanding to the whole spectrum of what Bitcoin consists of and how each part makes up the project as a hole.
However the points you harp on and the way you present them leaves me with the impressions that you are attempting to get people to ignore the important points that should be considered.
The way you go on is as a disingenuous person "pretending that one knows less about something than one really does.
1620.
Post 13633408 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
I think you may be trolling
however for those that may be reading your reply then please indulge further.
#1
The "hashpower" is migratory and can move in less time than it takes for you to wire funds to your
The physical bitcoin mines cannot be moved easily. The ChiComs can nationalize them, merge the pools and double spend until we fork away from them. Then they can point at the new fork and do it again. Only forking away from SHA256 can stop them. You can imagine the damage that will do.
Physical bitcoin mines tend to shutdown due to obsolete hardware when new technology goes online. Most recently the new ASIC chips 0.06J/GH vs the best bitmain has to offer that was recently sold at 0.25J/GH or the older hardware of 0.55J/GH.
What I was making reference to is that people who point hardware at the pools can point them to other pools rather simply. Many have backup pools pre-programmed for any downtime the primary target pool has.
1621.
Post 13633455 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
...
If you are referring to pool and network computation share of the pie than what you see are the results of pool participants that can easily direct their hardware at other locations if the need arises. That hash-power is migratory.
The changing landscape of the infrastructure that supports bitcoin is constantly evolving and to think the old rules apply is short sighted understanding.
Lolno. The hashpower stays where electricity costs are low/government subsidized: China.It is true that mining has been a
community service for-profit business more than a self sustaining endeavor that
would will "not" result in short or long turn profit with out further subsidies outside of the bitcoin rewards.
Fixed that.
Fixed that.
In all seriousness apart from the mining hardware race. Mining was a voluntary service given to use bitcoin much like any distributed computing projects that you can participate on using BOINC clients.
1622.
Post 13633548 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.41h):
In all seriousness apart from the mining hardware race. Mining was a voluntary service given to use bitcoin much like any distributed computing projects that you can participate on using BOINC clients.
Where you get such wacky ideas I'll never know...
Back when CPU's was the thing everyone and their dog would run nodes and self mine before pools.
Simply before the migration from solo mining to pools and CPU's to GPU's and GPU's to FPGA and later ASIC's.
1623.
Post 13673105 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.42h):
The Pic speaks for it self
This is a Bitcoin thread in the Bitcoin section, so you shouldn't be promoting altcoins here.
Neverheless ethereum's only gone up by 10.57%. Why did you omit dogecoin which has surpassed it by going up by 11.11%? You showed dash at 5th place which has crashed, but omitted dogecoin at 6th place.
Dogecoin has been pumped numerous times, and ethereum's being pumped like any other altcoin.
dash, Litecoin, Dogecoin.... and so many other coins are just a Bitcoin copy cats, Bitcoin's limitations will apply on all the Bitcoin forks, in the other hand you have ETH which is a kick ass platform.
BTW: you don't get to tel me what I can discuss and what not especially in this thread and in this sub-forum. period.
It's not me that tells you what you can discuss, it's the mods. This is what Lauda (a mod) has to say about a post just like yours in the Bitcoin discussion board. He says making a price comparison isn't a discussion related to Bitcoin. That post also starts with a coinmarketcap screenshot.
No it's not. This is Bitcoin related. Far superior tech replacing your precious BTC.
This is a discussion about another useless coin. This is not related to Bitcoin (making a price comparison != related to Bitcoin/B. Discussion).
I will say that at the All-Star Panel: with Ed Moy, Joseph VaughnPerling, Trace Mayer, Nick Szabo, Dr. Craig Wright there was the topic of incorporating ETH concepts into Bitcoin. Were they suggesting that such a thing would potentially "obs" the ETH concept as redundant?
Watch it and give us your perspective
https://www.youtube.com/watch?v=LdvQTwjVmrE
1624.
Post 13821674 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.43h):
1625.
Post 13838748 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.43h):
1626.
Post 13850148 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.43h):
1627.
Post 13850338 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.43h):
What are you doing here? you're trying to talk about trading and btc price?
Hey! Here it's not a thread for that! It's a thread for... Oh wait...
It has been surprisingly stable.
1628.
Post 13863727 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.43h):
snip
Which is what makes the statements from some Classic supporters so ridiculous, they first want to replace 45 developers from many backgrounds and many different companies with 5 devs from 2-3 companies, than when that fails they threaten to sell their BTC for ETH which is controlled completely by 1 dev ... all because they "distrust authority." Perhaps the reality has nothing to do with decentralization of development (There always has been multiple implementations with different dev teams) , but a fixation of growing fast and ignoring all concerns along the way.
Or simply some developers have succumb to the effects of blind greed/fear.
1629.
Post 13868408 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.43h):
1630.
Post 13985606 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.45h):
1631.
Post 14083999 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.46h):
Which means you want to limit btc usage to important tx. Which means btc will never scale and will never be able to be used on an everyday basis.
Correct, We should limit on chain tx's ... this isn't a secret or anything to be ashamed about. The main chain necessarily needs to be treated as a settlement network for payment channels. ...
Because off-chain transactions can be done without Bitcoin, and will be.
Just like the USD has been doing just fine without gold as a "settlement layer."
Thanks for making Bitcoin irrelevant.
To me off-chain transactions has been discussed since the early days. The idea is great for payment processors that have transactions that need to be
confirmed instantly and the risk taken by the off-chain network. They use quality controls to limit fraud in their system and profit from impatient players.
The benefit to those who wish to profit from providing services using off-chain transactions is obvious. In a capital market its part of risk reward. off-chain transactions can be used for other types of record keeping.
When dealing with the upcoming potential realization of this avenue, the wait and see approach may be the best option at this time.
The timing of the halving and the "supposed" risk of network difficulty adjustment has made things interesting.
Remember that in the code difficulty can go up 4x or down 4x the only question is how will transactions occur during that time? off-chain transactions may be a solution with out the added "core changes".
1632.
Post 14086430 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.46h):
eth down 10% in 2 minutes and still falling.
Stick with your legacy banking system. Crypto doesn't want you.
Edit: 15% in 3 minutes. Magnificent crash!
eth+15% in the last 24h. What the crash are you saying?
He was referring to the drop that was quick from 0.023 to 0.019.
1633.
Post 14086957 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.46h):
eth down 10% in 2 minutes and still falling.
Stick with your legacy banking system. Crypto doesn't want you.
Edit: 15% in 3 minutes. Magnificent crash!
eth+15% in the last 24h. What the crash are you saying?
He was referring to the drop that was quick from 0.023 to 0.019.
I'm surprised it bounced and held. I thought the bubble was about to burst.
We may know by next week Thursday
1634.
Post 14219372 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.48h):
I haven't made a bitcoin transaction in a while. Just did one, expecting delays, with all the hype going on. 7 confirmations in 28 minutes. Surprised? Ah, yep.
Yep... there is a lot of unsubstantiated talk going on regarding clogged blocks. In the past couple of months, I have made more than 30 transactions, and most were completely confirmed (useable with at least 3 confirmations) in less than an hour... I tried a few transactions with low to no fees (near freebies), just to see for myself, and those freebies took longer but were all confirmed and useable in less than 10 hours.
10 hours later he finally gets his happy meal .
Or 10 hours later he transferred the equivalent wealth of a small nation with little to no fee's
1635.
Post 15048746 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.51h):
Chooing ahead slowly but surely
What's it like, having to lie all the time? (original below)
If you look at the inclination of the people, it is clear that the train is heading upwards, but less so than in the first post. Quite a good analogy for bitcoin I would say, heading up, but slower than the fans expect/ would like.
The train is heading slightly downhill. The main trestle supports are pointing to the earth's center, not tilted backwards relative to the normal component of the load. The people are riding upright, not with their center of gravity outside their foundation. The people would not be positioned downhill from the load in an uphill-pointed car. The hills in the background also indicate the trestle is heading slightly downhill.
Don't guess simply get informed..
http://www.ephemerasociety.org/blog/?p=2553
1636.
Post 15221577 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.53h):
I'm so sick of you ETH pumpers. Go back to the altcoin forum.
Here're the facts:
$1000 invested in BTC 3 months ago = 2.396702138 BTC worth $1653.724475122 today.
$1000 invested in ETH 3 months ago = 32503.729802995 ETH worth $867.371780912 today.
May be just me but your numbers seem off.
1637.
Post 15264926 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.53h):
Cute as that may be to sue all participants. it would be nice to see the face of the claimant.
Edit for clarity.
That might be true (about following programmed logic), but shorting the market before that move is likely not to stand up as legal in court. If the hacker came forth, he would find legal trouble.
There used to be so many bears in here. What happened to them? Identity crisis?
What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop
Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.
http://pastebin.com/CcGUBgDG I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:
"The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."
1638.
Post 15649220 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_14.55h):
well fud. this is the end.
we are dooomed i tell you DOOOOOOOOMMMED!
That settles it Bitcoin project has died... But wait! Tune it next week to see how it lives!
1639.
Post 19405757 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.12h):
Bitcoin is dead???
Haha not!
1640.
Post 20595463 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.16h):
Do all my Casascius coins have an equal amount of BCH in them too then?
Surely the premium for them must go up even more too!
if BCH becomes 1-1
BTC i'm going to lol
All it would take to spook BCH and the value is to have Satoshi move a few of the million coins about. ☺
1641.
Post 23477388 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.24h):
Politicians all say bitcoin is scam
JPMorgan CEO Jamie Dimon's Then Vladimir Putin Who said Cryptocurrency scam too And this time Saudi Prince Al-Waleed: Bitcoin Is 'Going to Implode'
i think bitcoin will crash for sure
Not sure if being sarcasting or where you get your info. But if your keeping up with the events this past two weeks.
But JPMorgan CEO Jamie Dimon was asked for his view as to why BTC has had a rise and his answer:
"JPMorgan Chase, says he's "not going to talk about bitcoin anymore." ... But I'm not going to talk about bitcoin anymore," said Dimon in response to a question during the bank's third-quarter earnings call with media on Thursday"
"Olga Skorobogatov, deputy chairwoman of Russia’s central bank, hint at a ‘hybrid network’ of both public and private blockchain protocols leading to a unified distributed ledger powering a national digital currency."
1642.
Post 24369213 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.26h):
Crypto world be crazy!
BTC hodle!
1643.
Post 24369358 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.26h):
I mean that's just coin switching miners really.
Difficulty adjustment is too slow in BTC. Fees will increase massively or the chain may freeze with unbearable transaction times.
Its just right...
4x difficulty in code. What your saying it takes to long to re-target the difficulty.
The reality is BTC difficulty has ballooned.
Imagine for one reason or another if we with consensus move away from 256. What would happen to all those Asic's. Miners would have a hard day.
BCH project has shown consensus, and that has value to some.
However what they also have shown is that they can change their stripes at a whim.
Keep an eye on the hashrate.
here is the hash rate.
https://bitcoinwisdom.com/assets/difficulty/bitcoin-hash_rate-estimated.png?1510345509
1644.
Post 24369578 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.26h):
People want BTC and copy BTC network (BCH)
If you have control of BTC wallet.
Then you effectually have control of that same wallet on both chains.
The offer by exchanges for token/coins for those holding BCH is just another way to manipulate the market.
1645.
Post 24633705 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.27h):
A lovely bright good morning Bitcoinland.
https://www.youtube.com/watch?v=Pn59e0xAZAkI see we're back well over $7k again... currently $7231USD/$9231CAD (Bitcoinaverage).
Total value of old coins (including forkcoins) is $8653USD/$11038CAD (Coinmarketcap).
Go Bitcoin go.
No surprise here and those that listed to market reality this past week.
1646.
Post 26691034 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
Ah old pump and dump moves are back again.
1647.
Post 26691287 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
Ah old pump and dump moves are back again.
Well it's about time you got back here with some charts!
Standing on the side lines and all may be fun. But some things just need to be pointed out to help out the newbies.
Just saying I'm alive and watching!
1648.
Post 26692672 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
Did you know? Small hedge funds have been buying bitcoins for three months already.
Did you know? Small hedge funds are now dumping those bitcoins to force you to panic-sell.
Did you know? Big hedge funds, even worse than the small ones, are buying the dips from weak hands.
Did you know? Wall Street wants your coins, for market dominance. The same thing they did to gold, they want to do to bitcoin now.
JUST.HODL.IT.
Your words of wisdom may end up being Pearls before s....
1649.
Post 26790522 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
God damn. Took long enough, but we can now be certain we've seen the highest prices bitcoin will ever achieve. Long term is only down.
Your a broken record
I love it!
Up we go!
1650.
Post 26790596 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
all coins are in red...this is crazy
It's WONDERFUL!
Mine mine mine mine mine.
Om nom nom nom.
1651.
Post 26790824 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
If you think liquidity is an issue now. Just wait until the big boys start to realize they need to balance their holdings with actual BTC so that they can play in the market. All other alts will benefit.
In 2020 it will be 20/20
1652.
Post 26791766 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
If you think liquidity is an issue now. Just wait until the big boys start to realize they need to balance their holdings with actual BTC so that they can play in the market. All other alts will benefit.
The big boys just want to short it to the ground, to keep their status quo.
They will pump it, of course, but the dumps will be even worse. Get used to it, this will be normal now.
Do you think they want a rich Earth, where the work is done by robots and everybody lives in comfort? Thats a programmer pipe dream.
In all seriousness the status quo is going to take a huge hit. Back in 2008 when there was a credit liquidity issue we did not have the Bitcoin (BTC). The next global reset in 2020 is were BTC and this technology will shine.
One of the most important things that we have seen since 2009 and unfortunately the worlds greed snaked its way into this project early on. BTC had a solution for it as greed does have a place and helps motivate people. However fear is another tool that is used to manipulate. That fear is when those in power show up with rules to bring "order".
Add in projects like lightning and the value that BTC brings to the issues we face just 2 years from now will be so obvious even legally blind economists will see the possibilities.
1653.
Post 26792060 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
If you think liquidity is an issue now. Just wait until the big boys start to realize they need to balance their holdings with actual BTC so that they can play in the market. All other alts will benefit.
The big boys just want to short it to the ground, to keep their status quo.
They will pump it, of course, but the dumps will be even worse. Get used to it, this will be normal now.
Do you think they want a rich Earth, where the work is done by robots and everybody lives in comfort? Thats a programmer pipe dream.
They can mostly manipulate from 10k up... before the futures were not announced. Many bought the dip now, so if they want to manipulate the market again, they need to spend more (plus, we will become more prepared as they continue to do so)
Maybe some hodlers fail to hodl at 10k, but let's wait and see
A good indicator is always to look at the total crypto market cap. As you can see with the recent release of BCH from coindesk that "moved" out of the crypto ecosystem into fiat of choice.
Also year end is a big player not to rule out the Elephant in the room groups attempting to take over BTC. That coup d'etat that fails but never gets a hint will add further disruption.
1654.
Post 26799232 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.34h):
funny how the 40% bch drop took the pain out of the btc drop. go bitcoin go lol
IMO after the locked up bch was released. Those cashing out or selling bch and exiting to fiat is what caused this mess.
1655.
Post 28296393 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.38h):
Just buy the dips and profit.
1656.
Post 29261654 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.40h):
Now that Bitcoin is gaining tracking traction by the old boy's expect to see more of these overlooked Loopholes plugged.
My only advice is to avoid exchanges that don't comply with common sense rules that crack down on fraud and other "market" exploits such as insider trading.
1657.
Post 29472175 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.41h):
down we go.
Word to the wise and caution for thew new ones.
The crypto market can be easily controlled by special interest groups using techniques such as conclusion, misinformation, and insider trading that would net them some jail time in the traditional stock or currency markets.
For the last 48 hours it's obvious how both ETH and LTC are slowly being devalued against BTC via the introduction of BCH trading pairs between BCH/LTC BCH/ETH BCH/DASH BCH/ZEC.
Coins such as EOS that only have BTC and ETH as trading pairs have remained untouched and have gained in BTC valuation.
It works with those fud charts that become a self fulfilling proficiency with just a little help from old market manipulator... Wink wink nudge nudge know what I mean?
Remember oldschool and new day traders regulation that has helped the "traditional" market manipulation is not present in the crypto currency exchanges.
Perhaps on Feb 6th we will know more on how steps will be
enforced adopted into this market.
Market manipulation to devalue XYZ crypto coins in favor of abc coins leave behind clues that may get such participants in trouble in the forthcoming months.
1658.
Post 29474742 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.41h):
Dint notice that at all.
Glued to price action.
Gaving you all my merit. For noticing that..(Unfortunately had only 1,lol)
It is not the first time. In fact its almost clockwork during this time of year. First time I noticed was back when LTC gpu mining was a thing and dodge fun coin was created.
1659.
Post 29482948 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.41h):
Look.
We're now well into a 15-minute chart correction and the market is as calm as a sleeping baby. Not a hint of the panic of the last 48 hours.
That shows you. It was all market making by ultra-aggressive shorters. They had their covering level targeted the whole way down and once reached, left the building with their "winnings". That's why we got these pummelling dumps on the turnaround from the bounces on the way down.
I wouldn't be surprised if there's still a significant part of the market that's short and yet to cover.
I am 100% in agreement.
1660.
Post 29660094 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.42h):
RSI down 30, bitcoin heavily oversold.
I suspect the shearing will be complete after tomorrows delegation.
https://coingape.com/why-february-6th-is-significant-for-cryptocurrency-market/"The head of the Securities and Exchange Commission (SEC) Jay Clayton and his colleague from the Commission on the US Commodity Futures Trading (CFTC) Christopher Giancarlo co-wrote a column for the Wall Street Journal about the crypto industry problems it the field of market regulation.
In particular, it was considered the potential application of the existing legal framework to regulate the economy of digital money.
Clayton and Giancarlo note, many compare the blockchain technology with a steam engine and the PC, which at one time was the driving force of the economy.
Cryptocurrency initially positioned as an alternative to fiat money to speed up payments, however, underline the leaders of market regulators, their perception and promotion with a role of investment assets have a negative impact on their native intended function.
Clayton Giancarlo urged investors to be vigilant because of the high risk, noting that part of the market participants does get a substantial profit. They also compared crypto boom of market with dot-com bubble in the late 1990s.
At the same time they are not in any way seek to prohibit investments in crypto industry, because they believe that regulators should maintain technological progress. However, Clayton and Giancarlo are concerned that many crypto platforms do not comply with the requirements of the current legislation and do not even registered with the CFTC.
Most of these platforms have positioned themselves as the payment system and not subject to oversight by the SEC and the CFTC. Thus, according to officials, it is necessary to question the effectiveness of the existing regulatory framework. In addition, they are reminded of the federal legislation is applied not in all cases, which complicates regulation by the federal authorities.
Running Bitcoin-futures on the CBOE and CME was approved by the Commodity Futures Trading Commission, which has access to the data for tracking unfair practices on the market. The SEC, in turn, has focused attention on the market of ICO "intends to actively pursue those who break the law in the field of securities."
Summing up, Clayton and Giancarlo acknowledged that blockchain can improve the performance of economic processes and lead to further technological progress in the financial sector. So, for example, is preparing to launch Safinus platform that will allow investors who have no experience in blockchain industry to invest without risk to become a victim of fraud. It will use a unique mechanism of joining the investment portfolios of experienced investors.
In addition, the Commission intends to scrutinize the activities of companies that are "suddenly" started to be blockchain based from the traditional business sectors, then their actions demonstrated exponential growth.
Recall, CFTC recently filed lawsuits against two companies about fraud and deception of cryptocurrency investors."
1661.
Post 29660790 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.42h):
It’s indeed time to call the bottom
1500
By Friday.
Confirmed.
Or perhaps even within the next 10 minutes. It's a toss up.
Bear or Bull tomorrow there will be a slaughter.
1662.
Post 29690789 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.42h):
i don't know why the price keep dropping
Pay attention to the altcoins Bch Trading pairs with dash ether ltc zec seem to be funneling ETH - BTC value in order to pop up bch USD.
1663.
Post 29742357 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.42h):
Just updated my old Hardware vs Difficulty chart for BTC. It seems there is miss information going around about cost to mine and such so I wanted to get the "numbers" so to speak out there for newbies and oldschool alike.
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharinghttps://i.imgur.com/v4xu4s1.png - OLD DIFFICULTY from December 6th 2017
New from January 26 2018.
https://i.imgur.com/2oBJ4ZD.pngIn the document you will also find the estimated return for the most recent ASIC hardware available now..
1664.
Post 29742687 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.42h):
Note that old hardware may be turned off to make way for new hardware going online in march.
https://i.imgur.com/v4xu4s1.png - OLD DIFFICULTY from December 6th 2017
New from January 26 2018.
https://i.imgur.com/2oBJ4ZD.png
1665.
Post 29746697 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.42h):
those Avalon 821s ... do you need the separate controller for a single unit or no?
NETWORK CONNECTION
Through AUC3 + AUC3 I2c to AvalonMiner Controller
CONTROLLER
AvalonMiner Controller
AUC3
Each AUC3 may daisy-chain connect up to 5 devices
https://i.imgur.com/v4xu4s1.png - OLD DIFFICULTY from December 6th 2017
New from January 26 2018.
https://i.imgur.com/2oBJ4ZD.png
1666.
Post 29852965 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
BCash and BGold:
Roger pumping his shitcoin again? yuck
The timing is no surprise
Notice how ltc to BTC took a hit?
These new coins have given market manipulation a new trading pair that is a dream come true for market manipulation of the inexperienced.
1667.
Post 29890151 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
I don't trade in BCH/BCC nor BTG.
However does anyone have a chart for the past two weeks of activity with them and volume?
Also between BCH/ETH, BCH/LTC, BCH/Dash, and BCH/Zec Pairs?
Would be interesting to see if those coins are taking a beating BTC/ETH BTC/LTC BTC/DASH BTC/ZEC because of it.
1668.
Post 29958274 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
Last time it breached the 200EMA within 9 weeks of ATH was in 2011 and it wasn't as deep.
TERA, you mean a long-term bear market is coming? If so, what is your bottom target: 3.5-4 or closer to the previous ATH, 1.5-2k?
I still believe in at least 13-16k bounce short term, price is recovering nicely so far, albeit slowly. I read the recent price action as an accumulation by big players.
Ive been saying for months there would be a bounce from 5.5K to the low teens before proceeding with the bear market. The next bottom after that would be 3K. However, it could take a really long time and there would be other bounces off 5.5K first.
Ya sure I remember at 20K this board had said bitcoin had matured yada yada and the 'big players were accumulating and manipulating it down to 16K'. As if the world's brightest investors hadnt bought at 1K and below and were suddenly interested at buying at a 1600% premium on top of a bubble at ATH. lol. Dont buy all the bull
To gauge the bottom I use the miners profitability vs return on new hardware. Additionally miners are hardcore into bitcoin and crypto and they are first to reinvest in bitcoin by buying up asic hardware. If it proves profitable to buy btc vs buying hardware they will.
Simply see the cost return comparison.
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit#gid=1194614223Here is an example that also includes the last two years of network difficulty as an average.
Here is the Antminer S9 13.5TH Return at 9,500.00 USD to BTC
https://i.imgur.com/bDhEa5r.pngHere is the Antminer S9 13.5TH Return at 15,000.00 USD to BTC
https://i.imgur.com/J41nWjy.pngHere is the Avalon 821 11TH if the price was at 15,000.00.
https://i.imgur.com/L7MGVjV.pngUPDATE: Note that every difficulty update I use the update this charting details for my own use. I suggest you go ahead and make your own or ask a trusted friend that mines to review it for yourself. Always good to get a 2nd or 3rd opinion.
This document is for awareness and at the users discretion for educational purposes.
Nothing in the this document shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations
(i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests)
1669.
Post 29960832 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
UPDATE: Note that every difficulty update I use the update this charting details for my own use. I suggest you go ahead and make your own or ask a trusted friend that mines to review it for yourself. Always good to get a 2nd or 3rd opinion.
This is some great information...thank you for sharing and the time you have invested in creating it.
+10 WOsMerits
This document is for awareness and at the users discretion for educational purposes.
Nothing in the this document shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations
(i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests)
Still puked a bit in my mouth seeing legalize tacked on the end...even tho its smart to CYA.
Thanks for that.
However true, this is not the community it used to be back before BTC was $1.
Love those days!
1670.
Post 29962283 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
UPDATE: Note that every difficulty update I use the update this charting details for my own use. I suggest you go ahead and make your own or ask a trusted friend that mines to review it for yourself. Always good to get a 2nd or 3rd opinion.
This is some great information...thank you for sharing and the time you have invested in creating it.
+10 WOsMerits
This document is for awareness and at the users discretion for educational purposes.
Nothing in the this document shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations
(i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests)
Still puked a bit in my mouth seeing legalize tacked on the end...even tho its smart to CYA.
Thanks for that.
However true, this is not the community it used to be back before BTC was $1.
Love those days!
Change is inevitable, no?
Probably 95% of the members of this forum did not know what bitcoin was in 2011 -
There are even some members of this forum who got into Bitcoin in 2016 who are considered as OGs by some later arrivals, based on their largely beating the 2017 price run-up...
Actually one stressful circumstance could have been attempting to accumulate in 2017 while the price was going up and trying to figure out a plan for accumulation (and I think that we have seen some of the stresses of those later entrants in this thread), but if you had already largely accumulated your BTC and was mostly maintaining your stash (which does not rule out continued accumulation) in 2017, then currently, you should be sitting in pretty territory.. at least from a financial point of view (if you did not panic sell too much BTC at some too early stage), even if you are still spending a considerable amount of time trying to figure out what it is that you invested into, exactly. hahahahahaha
By the way, personally, I do not consider myself to be an OG, even though the term is kind of relative, but I might consider someone who entered before 2013 to be an OG of sorts (and you, Sitarow, would likely fit my rough relative timeline categorization of a BTC OG)...
I love change
"bitcoin" anyone.
I share this document to bring perspective and awareness by helping those that wish to get rich quick and also those that don't take responsibility for themselves.
WE have since 15USD/BTC had an influx of shady groups finding new ways to defraud others. "Fake hardware projects" Fake ICO projects" and now lets clone COIN XYZ and use its name and branding to confuse the newbies into buying our "fork". Fork XYZcash anyone?
1671.
Post 29981746 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
I think alts are a disease and we won't have another 10x or 100x increase until the alts largely die off. Every time bitcoin pumps and the alts pump even harder, it is like cancer overtaking the body every time it starts getting healthy. This sickness will have to run it's course and when the disease has been cured/eradicated, bitcoin can finally grow to it's true potential. This will probably take a few more years.
The real issue is how Bitcoin cash Bitcoin gold are being used to trade between cryptocurrency pair to prop them up. Pay attention to dash zec ltc eth.
Every time one of those pairs to BTC have lower trading volume is being used to keep for instance ETH/BTC at a target of 0.0100 when BTC recovers then ETH/BTC goes past that 0.0102 and then those gains get drained and put into zec with the latest move.
1672.
Post 29982013 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.43h):
BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge
I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.
Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD.
Why is that happening only now and not before?
Before people would only pay attention to BTC/xyzcoin trading pairs.
Now we have the copycat namesake and all BCHBCCBcash that is being used to move and pump/dump between alt trading pairs.
BCH and BTG are like us creating another USD and having special interest groups declare it legal tender.
This "trend" needs to be addressed much like fraudulent ICO's have.
This really falls on the responsibilities of the exchanges.
1673.
Post 30287837 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.44h):
Inverse head and shoulders breaking out on the 1 hr.
Choo choo!Nice symmetry on the shoulders.
With all that liquidity just waiting to get into the game, I am reminded of something like this:
What the big boy's are thinking when trying to enter the Crypto market unnoticed.
1674.
Post 32629176 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.
As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.
Typically with crypto mining apart from hardware and infrastructure costs there is ongoing building labour and other miscellaneous overhead that is not being factored in this example.
Forgot to include the document link.https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharingThis is an example of BTC/USD was at $9500 and your only costs was power of 10 cents a KWH.
This is an example if BTC/USD was at $9500 usd and your only costs was hardware repayment and power at 10 cents a KWH.
1675.
Post 32629309 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
G20 holds fire on crypto-regulation ... way clear for ETFs?
No. G20 says crypto too small to regulate. SEC says crypto too small for ETFs.
The simplest way to regulate is at the exchange level.
They did it with finsen and will do it with exchanges listing ICO's and such that will need to be pre approved in one way or another or risk getting shut down.
This will open up the door to decentralized exchanges and hopefully the old tricks of market manipulation that has plagued the whole traditional and in the past few years crypto market will be a thing of the past.
1676.
Post 32630878 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.
As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.
...thanks, I've been watching a similar but cruder indicator, it's basically the old days "mine or buy?" indicator.
So far it's been good for medium to long term entry points on the secular bitcoin bull. It's really just a manifestation of the bitcoin mining cost-of-production price providing a floor to bitcoin market price and getting in at cost-of-production, i.e. the mining price ... miner's who have contracts to supply will buy at the market if market price drops below their mining costs, that's basic economics of doing business in a cut-throat industry.
Every now and then I feel there is a need to educate people before they rush to invest in mining hardware without considering the basic truth of network adjusted difficulty vs simply buying the coin.
I feel this is a good indicator of outside investment vs existing miners re-investing in their operation.
In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.
As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.
...thanks, I've been watching a similar but cruder indicator, it's basically the old days "mine or buy?" indicator.
So far it's been good for medium to long term entry points on the secular bitcoin bull. It's really just a manifestation of the bitcoin mining cost-of-production price providing a floor to bitcoin market price and getting in at cost-of-production, i.e. the mining price ... miner's who have contracts to supply will buy at the market if market price drops below their mining costs, that's basic economics of doing business in a cut-throat industry.
Cointelegraph recently posted an article estimating that most miners are barely breaking even at $8000. There's other news outlets running articles with the same mining's no longer profitable theme.
Bullish?
https://cointelegraph.com/news/fundstrats-tom-lee-reports-bitcoin-mining-now-less-profitable-due-to-falling-btc-pricesA recent report by Fundstrat’s Tom Lee notes that Bitcoin (BTC) mining earnings are currently almost breaking even, as the activity has temporarily become less profitable the midst of the current decline in the markets, CNBC reported yesterday, March 15.
Lee notes in the report that the current figure for the cost of mining one bitcoin is $8,038, while BTC is trading at around $8,221 by press time, down a quarter of a percent over a 24 hour period, according to data from CoinMarketCap.
The model Fundstrat used for calculating the cost of mining one BTC includes the cost of equipment, overhead such as sustaining cooling apparatuses, and the cost of electricity, assumed to be 6 cents per kilowatt. The head of quantitative data science at Fundstrat, Sam Doctor, said that the cost of replacing equipment takes up more than half of the overall cost of mining.
It is good to see that others are helping keep awareness in the forefront. It is true that even if an operation has government subsidized power costs that render it to 0 cents kwh it may prove "profitable" because in the world crypto economy every coin you make is a peace of the global pie. I can see if government subsidization can be part of a mining operation. This perk would most likely come with a contract obligation to reinvest in the local community/economy. For some that is invaluable opportunity especially if it is a place with free power abundant infrastructure / buildings and serious unemployment.
1677.
Post 32704981 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
You guys think Bitcoin is the only thing plagued by FUD?
Look at Facebook:
Years of nothing but bull rally and the MSM is all sunshine, rainbows and lollipops on the stock.
But when technicals start to breakdown and signal a rollover in the stock, suddenly out of left field some shit FUD comes out about Cambridge Analytica. Perfectly timed, no less.
Fucking hilarious to me. All markets are rigged.
Considering there are...what...3 companies that control all of US media...they have it pretty much in the bag on how they can manipulate things.
Before we had bitcoin many where clueless as to economy and market forces. However since then we have had a tsunami of newbie traders and market watchers and even some old school tactics by unsavory types expose the crypto community to things like penny stock fraud aka fraudulent ico's or fork's that lead to - insider trading - market collusion - and so on...
Armed with this new perspective. What once was hard if not impossible to recognize by the general public, has been made slightly opaque in its nature.
Factor in software analytics of usage cases and we get studies about how twitter participation has influenced public opinion in both social, and political perspectives.
If applied to crypto market, factor in the open nature of the distributed model with its abundant market transactions. What the G20 discussion alluded to is that there is presently laws in place that can crack down on crypto exchange operations complying with conformity.
IMO such a move will end another thorn in the crypto market. By removing the obscurity associated with the old paradigm of means of trade. Moves like this makes things like decentralized exchange a possibility.
"Necessity is the mother of invention"
1678.
Post 32781193 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
Cointelegraph recently posted an article estimating that most miners are barely breaking even at $8000. There's other news outlets running articles with the same mining's no longer profitable theme.
wait just a minute
The FUDsters have been in here claiming that BTC is going to fall to the cost of production, which they put around @1000.
Just which the hell is it?
I been pondering over how to go about this debated question. And I suppose the best way is to show that both numbers are off for the simple fact that they do not consider how long it takes to make that 1 BTC.
The fact that many don't understand what it takes to secure one bitcoin when statements like it costs fails to give the simple value at what interval is "ONE" bitcoin made.
I have put together a sheet that shows how much mining power you would need to security one BTC a day and every 12 Days since difficulty is adjusting every 12-14 days on average.
To produce one bitcoin a day using the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units. That equals a total hash rate of 13,770TH or 13.77 PH.
As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.
However those that do mine know that BTC at this price is a buy opportunity rather than investing in hardware.
Edit add link to document:
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing
1679.
Post 32786132 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.
Yeah, I would not recommend mining if your power costs are $.10/kwh. A serious mine should be down in the $.04 range.
Over 9000!
Even if your like myself and get 0.3c kwh your still better off buying as the above example does not factor in any other costs associated with mining.
I quickly set it to 0.3c kwh so you can see for yourself.
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing
1680.
Post 32844259 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (
)
This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!
No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.
At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.
3 Pools that can quickly be abandoned by miners for other pools.
Takes moments to do.
1681.
Post 32850532 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (
)
This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!
No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.
At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.
3 Pools that can quickly be abandoned by miners for other pools.
Takes moments to do.
In all honesty, I myself have always considered a 51% attack on any PoW or PoS coin a very low key threat. I was just replaying to the previous poster on why bitcoin isn't special in decentralization.
Its true, considering how difficulty targeting takes time with BTC unlike other coins having collusion with this much decentralization is next to impossible for many reasons both social and technical.
I do however have a growing concern with news articles and write ups coming from respected banking and tech institutions that elude to the idea that the only ground breaking technology worth anything is blockchain and that the rest associated with bitcoin can be cast aside.
Bitcoin is the rising tide and this attempt to disregard the Bitcoin network as a trivial thing is disconcerting.
Bitcoin has 3 important aspects to it that can't be ignored, disregarded or trivialized as unimportant.
1682.
Post 32852860 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (
)
This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!
No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.
At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.
3 Pools that can quickly be abandoned by miners for other pools.
Takes moments to do.
In all honesty, I myself have always considered a 51% attack on any PoW or PoS coin a very low key threat. I was just replaying to the previous poster on why bitcoin isn't special in decentralization.
Its true, considering how difficulty targeting takes time with BTC unlike other coins having collusion with this much decentralization is next to impossible for many reasons both social and technical.
I do however have a growing concern with news articles and write ups coming from respected banking and tech institutions that elude to the idea that the only ground breaking technology worth anything is blockchain and that the rest associated with bitcoin can be cast aside.
Bitcoin is the rising tide and this attempt to disregard the Bitcoin network as a trivial thing is disconcerting.
Bitcoin has 3 important aspects to it that can't be ignored, disregarded or trivialized as unimportant.
The size of overall hashrate doesn't mater much if the network is distributed between pools.
Most people in finance see the bitcoiners that come with bitcoin as dead weight. They are interested in shaping the technology and using it to personal advantage. No one is interested in making a bunch of people rich just for purchasing a digital token. And they can't be blamed for this because in the capitalist world we live in, it's the only logical choice. "The loyalty of Bitcoiner" isn't exactly higly valued, because well, bitcoiners come to the market mostly to consume, not to create.
Indeed that loyalty is not what I am implying. Its similar to anyone who may come along and say they wish to create their version of the internet. Some have argued that the most vocal people in "finance" are clueless with real world events and future prediction of human social evolutionary needs.
Factor in my recent post on how some in finance say that Bitcoin is overvalued but fail to understand there are serious benefits for it.
For instance some still feel the need to invest heavily into hardware mining for one reason or another and even tho it would prove more profitable to simply by Bitcoin at BTC/USD present rate.
Here is the numbers for you to review. I purposely only included hardware and electrical costs to simplify an already complex mining example of what it takes to make a single BTC at the interval rate of one every 12 days and 1 every day.
IMO you would have a better return if you solo mine if you had this much hash power.
What does it cost to generate 1BTC?
The fact that many don't understand what it takes to secure one bitcoin when statements like it costs fails to give the simple value at what interval is "ONE" bitcoin made.
This document shows how much mining power you would need to security one BTC a day and every 12 Days since difficulty is adjusting every 12-14 days on average.
To produce one bitcoin a day using the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units. That equals a total hash rate of 13,770TH or 13.77 PH.
As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.
However those that do mine know that BTC at this price is a buy opportunity rather than investing in hardware.
Document:
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing
1683.
Post 32856731 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (
)
This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!
No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.
At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.
3 Pools that can quickly be abandoned by miners for other pools.
Takes moments to do.
In all honesty, I myself have always considered a 51% attack on any PoW or PoS coin a very low key threat. I was just replaying to the previous poster on why bitcoin isn't special in decentralization.
Its true, considering how difficulty targeting takes time with BTC unlike other coins having collusion with this much decentralization is next to impossible for many reasons both social and technical.
I do however have a growing concern with news articles and write ups coming from respected banking and tech institutions that elude to the idea that the only ground breaking technology worth anything is blockchain and that the rest associated with bitcoin can be cast aside.
Bitcoin is the rising tide and this attempt to disregard the Bitcoin network as a trivial thing is disconcerting.
Bitcoin has 3 important aspects to it that can't be ignored, disregarded or trivialized as unimportant.
The size of overall hashrate doesn't mater much if the network is distributed between pools.
Most people in finance see the bitcoiners that come with bitcoin as dead weight. They are interested in shaping the technology and using it to personal advantage. No one is interested in making a bunch of people rich just for purchasing a digital token. And they can't be blamed for this because in the capitalist world we live in, it's the only logical choice. "The loyalty of Bitcoiner" isn't exactly higly valued, because well, bitcoiners come to the market mostly to consume, not to create.
Indeed that loyalty is not what I am implying. Its similar to anyone who may come along and say they wish to create their version of the internet. Some have argued that the most vocal people in "finance" are clueless with real world events and future prediction of human social evolutionary needs.
Factor in my recent post on how some in finance say that Bitcoin is overvalued but fail to understand there are serious benefits for it.
For instance some still feel the need to invest heavily into hardware mining for one reason or another and even tho it would prove more profitable to simply by Bitcoin at BTC/USD present rate.
Here is the numbers for you to review. I purposely only included hardware and electrical costs to simplify an already complex mining example of what it takes to make a single BTC at the interval rate of one every 12 days and 1 every day.
IMO you would have a better return if you solo mine if you had this much hash power.
What does it cost to generate 1BTC?
The fact that many don't understand what it takes to secure one bitcoin when statements like it costs fails to give the simple value at what interval is "ONE" bitcoin made.
This document shows how much mining power you would need to security one BTC a day and every 12 Days since difficulty is adjusting every 12-14 days on average.
To produce one bitcoin a day using the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units. That equals a total hash rate of 13,770TH or 13.77 PH.
As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.
However those that do mine know that BTC at this price is a buy opportunity rather than investing in hardware.
Document:
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharingThank you for the well written reply.
It is possible that I am clueless regarding bitcoin. I just don't find this possibility highly probable. I think that the mentality involving bitcoiners is a little religious and therefor can be irrational and unpredictable. That is why I also often get surprised here.
I think that the overvaluation in bitcoin is currently supporting the overvaluation of fiat, and most people in finance realize this and it's benefits.
I don't think that the motivation to mine bitcoin is a good thing. It promotes wastage of energy and creation of equipment that only solves one problem and that problem doesn't even have to exist. This energy, effort and resources could be used with a lot more common sense.
Yeah, you would have better return alone, already by just losing pool fee. But sadly bitcoin isn't built in a way that it could be mined alone. Centralization and specialization were inevitable with the coming of ASICs and that was a big part of the reason why I lost faith in bitcoin. I see bitcoin ASIC mining as a foolish rat race that should not exist under the rule of common sense. All of this was about finding the cheapest solution to offer the most, now it's totally upside down.
But thank you again for the well written post. I don't see many of them here. I did enjoy reading the stats that you showed, but I just can't agree that motivating bitcoin mining is a good thing.
Bitcoin mining is just one aspect of the big picture, I simply use it as a way to help me and others see things from a different perspective.
As you had pointed out, the nature of greed can undermine any project. But as this is an open market, if mining makes business sense then so be it.
At this price point for many it does not. Yet the network continues to grow.
1684.
Post 32943076 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
Bitcoin will drop back down to 2-3k
Yeah, halting every single mining operation in the whole white world, sure
Why not? Whats stopping it? Weve seen it before. Actually mining is disrupting itself every day by releasing faster and faster ASICs.
Because buying btc outright vs buying back mining hardware would be a smart business move.
1685.
Post 33041495 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
Does anyone know what electricity costs are at the moment for big minigpools ?
Sometime ago I read about 3000 USD per BTC
But when the hashrate doubled so must electricity costs ;-)
This figure is nonsense.
There is better investment oportunities than mining bitcoin at the present price never lower.
What you should be asking is why dispite that fact are there large mining investment still going strong.
Here is a small hint and it has very little to do with power costs. Legal tax avoidance by reinvesting into mining the portion that would have been paid in tax.
To produce one bitcoin a day using the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units. That equals a total hash rate of 13,770TH or 13.77 PH.
As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 edit if your pa $0.10 per kwh and still have to pay back hardware costs never mind other overhead costs - There are far better investments you can do than invest 2.3 million USD instead of hardware.
At 0.03kwh there is profit at 9500 if you factor in power and hardware but even still that doesn't include any other overhead.
However those that do mine know that BTC at this price is a buy opportunity rather than investing in hardware.
Document:
https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing
1686.
Post 33043322 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.
Honestly you would get a better deal from bitfury.
However pay attention to the return even with free power and hardware.
For some hardly worth getting out of bed.
Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim those operating costs that normaly lower the tax burden.
1687.
Post 33045023 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.
Honestly you would get a better deal from bitfury.
However pay attention to the return even with free power and hardware.
For some hardly worth getting out of bed.
Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim that to lower the tax burden.
Yes I like your tax points.
What's so weird is bitmain's gear has never been predicted to be profitable, by your or anyone's mining calculators. Yet maybe 6 out of 10 (of the proper ones) have been absolute beasts, printing money worse than the Fed, and resale values on ebay are wtf madly profitable anyway. In the end, I trusted them to price gear correctly more than my own calculations. But that era is over, with boards conking out more and more often, and altcoin asics ruling the roost.
There is larger more efficient hardware that is not practical for home grown operations that are more efficient j/gh than is listed in the chart.
1688.
Post 33135500 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.49h):
In other news.
Toronto Stock Exchange Operator to Launch Cryptocurrency Brokerage PlatformA wholly-owned subsidiary of Canada-based stock exchange operator TMX Group has announced that it will launch a cryptocurrency brokerage platform.
TMX — best known as the operator of the Toronto Stock Exchange (TSX) — unveiled the plans on Thursday, stating that the platform would likely launch by mid-year and would allow clients to buy and sell
Bitcoin and
Ether, (no mention of other coins at this time) the two most liquid cryptocurrencies.
The venture will see TMX subsidiary Shorcan Digital Currency Network (DCN) partner with Paycase Financial, a decentralized financial services provider based out of Toronto. BMO Financial Group has agreed to provide Shorcan DCN with banking services.
Paycase CEO Joseph Weinberg said that the cryptocurrency brokerage’s launch represents the first “true institutionalization of cryptocurrencies as an asset class,” adding that it will help establish a bridge between mainstream finance and the burgeoning cryptoasset ecosystem.
https://www.ccn.com/toronto-stock-exchange-operator-to-launch-cryptocurrency-brokerage-platform/
1689.
Post 33311740 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.50h):
I wonder if this prize has been taken.
Its a dna coded message with the private key to the wallet with 1btc balance.
https://youtu.be/tBvd7OSDGgQ?t=916BTC/USD Bitcoin then, March 10, 2015 = $242.54
1690.
Post 33317411 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.50h):
Sweet
Just around the peek!
Best part!
Although Goldman’s contest is the first time that DNA has been used to store the private key to cryptocurrencies, his point was to draw attention to the amazing potential of DNA as a long term storage option. This new method of storing information is already being investigated by companies like Microsoft, which wants to add DNA data storage to its cloud, and as a potential solution to humanity’s mounting data problem.
Who knows, maybe DNA storage will be the popular new way to store the private keys to your cryptocurrency as well. But as Wuyts demonstrated, this DNA storage method is still
not impervious to hacks.
He still needed the decode document even after the fact.
In the case of the Bitcoin challenge, there were a total of nine files contained in the DNA fragments. The files were encrypted with a keystream, which is a random series of characters that is included with the actual plain text message to obfuscate its meaning. The keystream code had been provided by Goldman in a document explaining the competition.
After running the code, Wuyts was able to combine the DNA fragments in the correct order to form one long piece of DNA. After working out some technical kinks, Wuyts was able to convert the DNA sequence into plain text, revealing the private key and unlocking the bitcoin (as well as some artefacts, including a drawing of James Joyce and the logo for the European Bioinformatics Institute). He had cracked the puzzle just five days before it was set to expire.
1691.
Post 33378991 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.50h):
Btw, I just wanted to take a second and set a few folks here straight.
You fkn big blocker trolls, BCash shills, and even some Bitcoin bulls who were whining all last year about too high transaction fees and how Bitcoin absolutely NEEDED > 1mb block size and like IMMEDIATELY.
With the Bitcoin mempool nearly empty and 1 sat/B transactions clearing in minutes, you guys can go rightly fk off for good. Seriously. Don't even try to raise that argument here ever, EVER again. Piss off.
Spent soooo much time arguing with you fuckheads last year, now you have fk all of an argument to stand on.
/rant
Good rant and on point.
Be aware of special interests groups that will use any means necessary for their own self interests with full disregard to the principle of what the project is about.
Let us be mind full of such individuals/groups and know that solutions that work take time to test and implement. If this did not work then another option would be explored.
BCH could be likened to a parallel attempt to accomplish a similar goal in good faith I might add.
However now that we have proof of a solid solution that works with out the need for drastic change, the alternative BCH/BCC/Bcash may now be on its way to obsolescence. (It is said that some proponents of that solution may have involuntarily worked to deceive the misinformed for personal gain).
1692.
Post 33470209 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.50h):
1693.
Post 35962315 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.54h):
Bitcoin.com lawsuit reached 1000 participants, that within 1 week
Scamming scumbag Roger Ver made a lot of victims.
“Like many others i lost money due to confusing Bitcoin Cash with the real Bitcoin … £14,500 to be exact. I’m not sure if your group will be successful but hopefully you’ll let me stick around to at least see Mr Ver given a bloody nose…”
Lawsuit details revealed soon.
http://bitcoincomlawsuit.info/Could the missus of bitcoin.com and claim to be the "official" btc be considered misrepresentation and a form of bait and switch? How are they going to present this case?
1694.
Post 36183256 (copy this link) (by Sitarow) (scraped on 2020-04-04_Sat_15.54h):
holy ETH pump batman
I think because Vitalik won some kind of award.
https://bitcointalk.org/index.php?topic=3452619.0Or maybe the news of it being a non-complaint security must of got over turned.
Cause it rising over $60 out of nowwhere is not ethereum like.
Both Ethereum and Bcash are being pumped significantly. There could still be an adverse ruling against ETH inspite of this pump and maybe even there could be an expectation that there would be an adverse ruling against Ethereum is part of the reason for the current pump? Difficult to know for sure, except maybe to see what happens in a few weeks if an adverse decision were to come out.
Notice the dumping of EOS and DASH traded for ETH.
Ok?
