All posts made by somac. in Bitcointalk.org's Wall Observer thread
1.
Post 23411031 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.24h):
btc price 5150 at yobit.
2.
Post 23412391 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.24h):
Sorry if this is a stupid question, but how do you trade BTG on yobit before they're released?
yobit has released them already, they've been able to do this because they have frozen withdrawls and deposits I think. Of course, the actual chain split hasn't happened yet.
3.
Post 24425235 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Monday is going to be the start of an interesting week, I think the btc drop will end on Monday as money comes back into exchanges and everyone starts buying themselves some cheap btc.
Its obvious that Roger Ver and Co are pumping on the weekend because of the low volumes, I guess they know that they don't have enough financial firepower to do it during the week. The thing I really like about all this though is that Roger Ver's btc stack is quickly diminishing, soon he will have little to none left. Another whale will then have vanicshed from btc meaning less manipulation, Yay!.
Nobody is using BCH, just look at the transactions included in the blocks, bugger all there. Bch is a speculation coin, the only use it gets is on the exchanges.
4.
Post 24426427 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
If I had sold some more than I did in the 7K now I would stack some bids between 4.5K and 6K. I expected a strong correction since the high 5K in October so this is nothing yet for the moment. But it's to be seen if the huge backlog in the mempool persists thanks to the ongoing spam attack and the halving of hashing power could start a panic as the bitches hope.
I wonder how much an effect the lowering of hashing power will have. let's face it, most people who buy btc do so to hold it, and the hash rate has no effect on transfering fiat to the exchanges to buy btc. I don't think slower blocks matter at all, might actually slow down the selling it it slows people from transfering from cold storage to the exchange.
edit:
and this confirms that BCH is a totally fake pump:
sure does
5.
Post 24427215 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Unless significant hash power leaves all at once, no effect. On that note when is the next retargeting, most likely that's when they'll act
The thing is nobody is using BCH, their blocks are empty. But let's say that a significant amount of hashing power leaves for good (80% or so) and the users of bitcoin flee because of slow block times for the week or 2 before a difficulty adjustment. Why would they go to bitcoin cash, when they can go to other better and more established alts.
This BCH pump is being driven by only the few whales who support it. Their egos have got to them, they think they are smart, and only make correct moves because they are rich and successful. Because of these egos they believe that if they just build it (pumping the price) everyone will flock to them, its delusional, and borderline sociopathic. They are kind of like the leaders of small cult, the literally think they are gods and can do no wrong.
6.
Post 24428671 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Delusional? Sociopathic... Small cult? Rotflmao
The ones with the egos should have been humble and they know who they are.
The ppl with the hash will decide...
https://fork.lol/pow/hashrateNo the entire community will decide, not only one part of the community.
7.
Post 24428922 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Delusional? Sociopathic... Small cult? Rotflmao
The ones with the egos should have been humble and they know who they are.
The ppl with the hash will decide...
https://fork.lol/pow/hashrateNo the entire community will decide, not only one part of the community.
Yes it will... Maybe we can have torque turn off the lights!
Good night all
The community is behind BTC, this can be seen in the number of transactions per block. Unlike the empty BCH blocks. haha
8.
Post 24430444 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
anybody know at which block the next bitcoincash difficulty readjustment is going to be? It's going to be a big one when it happens?
At this rate bitcoin cash's 21 million coins will be mine within a year.
9.
Post 24430500 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Jihady Wu and crazy Ver decided to throw everything they have. Well, thanks for the cheap bitcoins. Always appreciated.
Yep, and soon they'll have no btc and just a shitload of bch. Markets can only be manipulated for so long (unless you're a central bank).
10.
Post 24430557 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
looks like BCH is finding blocks about 1 every minute, won't take long for whenever the adjustment is.
11.
Post 24430620 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
anybody know at which block the next bitcoincash difficulty readjustment is going to be? It's going to be a big one when it happens?
At this rate bitcoin cash's 21 million coins will be mine within a year.
Why do you think there will be only 21 million altcash coins?
Of course they'll have to up the 21 million limit, when they mine all these ones. But that is a year away. lol
12.
Post 24431511 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.
Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.
Spot on, and this is why it is being done on a weekend. No funds can get through till Monday, so they are hoping that the incoming funds see the BCH ATH and try to get in on it. Thing is, I'd say they're getting this wrong, new funds won't be wanting to buy BCH at ATH, they'll probably be wanting to buy BTC on this dip, like they intended.
This is also why the mempool doesn't matter that much, fiat transfers to exchanges are not hindered by spamming the mempool.
13.
Post 24431582 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Seriously, how much f***ing bitcoins do they have?! If I had 20BN the last thing I'd do is play stupid crypto wars like this. Go figure.
Not as many as you think, that's why they are doing this on a weekend. they couldn't manage it during the week.
14.
Post 24431646 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
But BTC sent to exchanges does. Monday will be interesting. BCH difficulty is forecast to double in 24 hours so miners will switch back to BTC and the memory pool should clear. Lot of coins probably reaching exchange wallets. Could see $5000 if panic selling starts.
BTC is not getting sent to exchanges, mempool is full remember.
Everybody wants to buy bitcoin, because that's all that is in the news day in day out. Altcoins, incl BCH, rarely make the news so less interest in them. This is a dip for buying, the new funds will be buying btc on Monday.
15.
Post 24434910 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own
Yep, what they are doing is basically kicking themselves out of BTC. Once they have none left the can't manipulate anymore. What's more they can't pump BCH as effectively either, they better hope that there are other users out there that want BCH. Because to keep the price at these levels is going to require a lot of new money each day.
BTC will be stronger after this, because there will be no more Roger Ver and Co around trying to fuck things up. This is probably the end of BTC being played with by amateurs/early adopters like Ver, the professionals will now move in, for better or worse.
16.
Post 24435985 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Looks like institutional investors are going to get cheap BTC. Go figure.
This is what Ver and Co don't understand. They are going to lose their power, like the amateurs they are. The pros are going to clean up, like usual.
Difficulty adjustment in under 16 hours, good luck to them.
17.
Post 24438638 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
Looks like institutional investors are going to get cheap BTC. Go figure.
This is what Ver and Co don't understand. They are going to lose their power, like the amateurs they are. The pros are going to clean up, like usual.
Difficulty adjustment in under 16 hours, good luck to them.
The part that you don't understand that Ver is a very very wealthy man. At this point it's not about money but rather power. He was being squeezed out of BTC so he's been trying to clamp on to power any way he can, and this is his last all or nothing battle. Worst case he still walks away multi millionaire
that's exactly what I understand. and because of this last ditch effort he will lose his a power at a much faster rate. Serves the fucker right.
18.
Post 24444272 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
That BTC25k can still do a lot of damage, but could also be him covering hist shorts on finix to minimize 3rd party exposure i.e. if finex stop trades etc...
There's talk that the 25k was confirmed before the dump. Maybe he has already dumped them, or some of them.
19.
Post 24445514 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.26h):
20.
Post 24950427 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.28h):
You could put up about 100 different alt coin charts and it would match the rise in btc, not saying that tether isn't an issue, but, those charts don't really show anything. Correlation is often meaningless.
21.
Post 25414535 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.29h):
10k really is an amazing thing. At the start of this year I never thought it would be worth this much a the end of the year. Bitstamp is showing (on bitcoinwidom) only 900 coins till 20k, liquidity is absolutely drying up, there'll be no coins left to buy soon.
22.
Post 25431952 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.29h):
looking at bitstamp, the difference between buys and sells is massive, especially after 11,000.
23.
Post 25837391 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.31h):
There is some decent arb opportunities going at the moment. In australia, the btcmarkets.net exchange has a $2000 AUD premium. I just made some easy money in less than 20 min. Fantastic, now 3 days to get it back to an overseas exchange
easy to get money out of australia, unlike Korea.
24.
Post 25910636 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.31h):
I'm sitting here looking at the massive differences in prices between all the exchanges and trying to work out what it means. Do the differences show which exchanges are easier to move fiat funds into and therefore the increasing demand is hitting those exchanges first?
Or does it just mean that the market is nuts and being maniumpulated around?
Any ideas for these massive spreads between exchanges?
25.
Post 26063871 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.32h):
Does anyone remember Masterluc's prediction? I Believe he said that btc would be 15k at the end of the year, then dip to 7k, then go up to 40k then on to 100k in 2019.
don't think this guy has been wrong yet.
I could be wrong about the 7k, but, I though it was in the chart I saw.
26.
Post 26081810 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.32h):
Look like everything is on hold until traders realize that the futures market has no effect on price. Maybe some time later when leveraging is increased from 2.2X to 100X there could be incentive to manipulate the markets. For now I think the accumulation will continue. 25K, 50K soon..
There's no incentive for "manipulators" to manipulate the price down. They can profit taking a long position equally, it doesn't mater for them whether it goes up or down. Them buying a lot of coins so they could dump them makes no sense, they could buy a lot of coins while having a leveraged long position at the same time, which sounds even better, no?
Exactly!
People are looking at this the wrong way, profit is on the upside not the down. When you short the market the most that the market can down is 100%, But, when you go long the most it can go up is an infinite percent.
Pretty obvious where the manipulation would be. hmm, should I short and maybe get 100% profit or should I go long for >1000000%? Easy decision.
Disclaimer, this excludes any leverage of course.
27.
Post 26252561 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.32h):
Bitstamp BTC276 wall is now down to BTC198 .... price is being manipulated!
Explain?
I've noticed that recently bitstamp has a lot of walls when bitfinex has none. Bitstamp's are usually between 50 and 100 coins and are both on the buy and sell side. There is also plenty of times when there is a large price difference between the 2 exchanges. Something does seem off with bitstamp. Also my deposit with them is taking ages when usually it is very quick.
28.
Post 26255878 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.32h):
definitely some games going on at the moment, hopefully it leads to higher btc prices in the end
29.
Post 26424604 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
I am, I have a deposit that was sent to them on the 8th and still hasn't arrived yet. I've had a support ticket open for almost 3 days now, and they have not answered that. I've posted my issue on reddit and heard nothing.
I don't know what to make of it but I am getting somewhat concerned.
30.
Post 26426348 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
I am, I have a deposit that was sent to them on the 8th and still hasn't arrived yet. I've had a support ticket open for almost 3 days now, and they have not answered that. I've posted my issue on reddit and heard nothing.
I don't know what to make of it but I am getting somewhat concerned.
Taking on more users than they can properly serve. There ought to be an option to accelerate tickets. Replace by fee customer service.
I hope that is the case, someone else I know had there money go through pretty quick, so I wasn't overly worried. But, no answers from support or on reddit has me concerned.
31.
Post 26573502 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
These pumps are getting stupid, everything is going up by stupid amounts. BTC dominance is almost back into the 40s
Do something bitcoin, please!
32.
Post 26575232 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.
Same as it ever was.
Let's hope that tide swings back soon.
33.
Post 26590380 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
All coins up big and BTC still at the same level. Can't wait till the alt-money is gonna be dumped into BTC.
That's what I'm waiting for, but, I'm slightly concerned that we won't make it back up to 60% BTC dominance level that we were at the other week, and that we will just drift lower from here. It got down to the 30s earlier in the year, and I'd rather it not go back there.
34.
Post 26624716 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
What the hell, I wake up and BTC is down to the 17s and all the alts are up. What happened?
35.
Post 26625040 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
What the hell, I wake up and BTC is down to the 17s and all the alts are up. What happened?
>200k unconfirmed transactions, 25$ transaction fees if you want to have it done under 1 week
do the math
that explains the bcash pump then in particular.
I like core, but damn, something needs to be done about those fees.
36.
Post 26632657 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.33h):
I like core, but damn, something needs to be done about those fees.
Problem ?
Where ?
It's a feature.
it's called : AntiSPAM. 
It's not the price of the fees that bothers me per se. It's that it is being used PR wise to show bitcoin in a negative light compared to the shitcoins. It may be considered a feature by some (maybe even by the core team), but if it is, a bloody shit job is being done to show this feature as a positive to the many newbies, and as a positive vs the shitcoins. Which, are not as shit as they used to be considering the drop in BTC dominance.
37.
Post 26690311 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
So BTC is going down and the alts are not following. If we enter a bear market for BTC and the alts don't follow, that will be the end of BTC being the number 1 crypto. I know the price isn't really that low yet, but I'm getting worried, I just don't want BTC to lose the number 1 spot.
Does anyone know where masterluc posts his predictions? I'd like to see what he has foretold.
38.
Post 26705465 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
Speaking of forks, super bitcoin is done and trading, current value around $280 (coinmarketcap). These forks are kind of nuts, and what surprises me the most is that they all have a decent value. I was just looking at this page
http://pieifo.com/pages/endefault.html and look how many are coming up. It's crazy, but, if they all have a decent value I won't be complaining
39.
Post 26707652 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
Da faq is super bitcoin
hangs out with Batcoin and Robber Coin
Yeah I think batcoin and robber coin are upcoming.
Fucked if I know what any of them are, I just call them dividends. So, when people say that bitcoin doesn't pay any yield, we can now say that it does. Unlike gold, hey roach?
40.
Post 26709779 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
I smell $30k within 10 days
30k ha, how about you make it 50k
41.
Post 26754213 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
The altcoin market is starting to show a lot of red. This could mean that they are going to crash soon and the money is going to flow to BTC or that they are going to start crashing along side BTC.
Looking at the BTC chart we are stuck in a very well established down channel. I see roughly 4 hits on the support and 4 hits on the resistance. fingers cross we get a bounce off support at 14400, and then a break of resistance at roughly 16000.
One thing that has me concerned about this correction over the other ones this year is the speed. it seems to be a lot slower than the others, I hope this doesn't mean anything.
42.
Post 26754244 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
It could easily go to $10k-12k and still be bullish.
10k is masterlucs prediction before onward and upward, if it does go down that far lets hope he is right.
43.
Post 26755345 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
Lets face it, at this point in the life of BTC the high fees are an issue, these fees may not matter in 10 years time, but, they do at the moment because BTC is still a young technology and smallish market. $70 for a transaction is just stupid any way you cut it. Segwit adoption is slow, so maybe something should be done in the meantime until segwit adoption increases and until the lightning network arrives.
remember the fight over segwit? The price was having troubles and then once it happened the price boomed. I think the reason for this boom was that it was now possible for bitcoin to scale, however, we are now finding out this scaling is slow going and price is being affected. If we fixed this now, and yes through a increase in blocksize, people would be a lot happier, because it would buy time for the lightning network and segwit adoption. You would also find that price may boom again.
BTC dominance is nearing an all time low, if this doesn't concern you, you're an idiot. Once we lose this this dominance getting it back will be tricky.
44.
Post 26756220 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
BTC Dominance: 42.9%
for fuck sake, gonna be an all time low soon
45.
Post 26756379 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
Someone yesterday on LedgerX bought $1 million dollar worth of $50,000 Dec 2018 Call options.
About 275 contracts. Hence someone thinks it will go at least >$53,600.
masterluc
46.
Post 26756684 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
will we hit 13k?
we are currently on support level.
47.
Post 26756787 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
coinmarketcap is looking crashtastic
48.
Post 26756970 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
On a bright note, BCH is also crashing hard
everything is crashing. About time too, previously (last year or so) this has meant BTC is near a bottom. bottom could still be a few thousand off though.
49.
Post 26764771 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
The master did claim 10k would be tested again.
The problem is he warned us that the bubble was over if we tested 10k from 20k rather than 17k, which is what is looking like is going to happen here.
‘But the price can simply stupidly drown the bubble further. And in that case, I strongly doubt that we will see something more than 20-30k any more. Because 10k is not tested, it means that we will fall on it no matter where. And if with 30 we fall to 10, then the bubble caput. And if from 17 to 10, it seems like no. ‘
where do you guys find out about his predictions? does he have a twitter account or something?
50.
Post 26765250 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
Go to analysis thread
Thanks
51.
Post 26765622 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
It's pretty common for the entire crypto market to fall in unison during "Real Bitcoin Crashes."
That said, I'm still not sure if this will become one. We're not even at 1/2 the peak price. Serious crashes fall to 1/4 to 1/10th of the peak (so $2,000 to $5,000 in our case).
It could just be a bit slower to get down there this time. Though I hope that the market is more mature now and it doesn't get there at all.
52.
Post 26765685 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
well that was completely fucked.
is it over?
probably not, but, lets hope so
53.
Post 26766212 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
I hope Lightning Network will be implemented in bitcoin. Then the price will skyrocket
. What do you guys think?
I think it will help a lot
54.
Post 26777227 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
Breaking 24777$ prediction game
27/12/2017 bikerleszno
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
21/01/2018 flamast2
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
31/01/2018 realsteelboy
12/02/2018 yonton
13/02/2018 Wekkel
15/02/2018 starmman
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
06/03/2018 sa_94
07/03/2018 NUFCrichard
13/03/2018 erre
18/03/2018 fabiorem
21/03/2018 dakustaking76
05/04/2018 bitcoinbunny
11/04/2018 hairymaclairy
02/06/2018 oblox
05/11/2018 mikenz
31/12/2018 melman2002
Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taking iT cannot been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins
LIST MAKING ENDS 25-12-2012 @ 22.00 cet
AFTER THIS POST NO MORE NEWBIES MINIMUM 50 Posts
01/04/2018 for me please
55.
Post 26812157 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.34h):
2011: 1 btc = 1 skateboard
2013: 1 btc = 1 bicycle
2014: 1 btc = 1 moped
2017: 1 btc = 1 fiat
2023: 1 btc = 1 lambo
well that would be nice
56.
Post 26932004 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.35h):
so every shitcoin is pumping hugely but BTC is only moving slowly. What the fuck, all of a sudden BTC is shit or something.
57.
Post 27188321 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
It seems like it's been constant disappointment this whole holidays. Fucking Bitcoin going down, and still going down, all time low of bitcoin dominance. And, now fucking Ripple, of all the alts, pumping like there will be no end. I mean the price going up in a straight near vertical line for the last week, for Christs sake. That shit shouldn't be sustainable, but there has been no dump yet. What is going on, I feel like I'm on the crazy pills.
58.
Post 27189635 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
WTF?
you guys ain't bid this back up yet?
I know right, guess we need to wait for the money to hit the exchanges early next year. Or drain out of Ripple.
59.
Post 27232419 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
This shit can not come soon enough.
60.
Post 27321268 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
All I can say is wow, 628 Billion Market cap. Money seems to be pouring in the crypto space.
Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place
seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.
61.
Post 27321447 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place
seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.
There are some genuinely humongous alt bags that have been built up over the years especially the alt creators themselves. Could there be flippiness? You bet. Would it mean much? The best will prevail. The shite will wilt when put to the test.
And Bitcoin is not competition for Ethereum or Ripple. They're fundamentally different in how they're supposed to be used. But no one's using them for much.
problem at the moment is that the shite is going vertical, even though they arn't used for anything. I don't understand this at all. Where is the money coming from for these coins? No other coin gets any media attention, yet they are massively priced, honestly I just don't get it
62.
Post 27321829 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
All I can say is wow, 628 Billion Market cap. Money seems to be pouring in the crypto space.
Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place
seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.
Yeah... You better sell your bitcoin and put your value into one of those other coins.
Surely, bitcoin is dead.. and going to be surpassed in the very near future... in other words, the only way is down for bitcoin relative to various other alts.
I never sell bitcoin. But, I have some useless fiat laying around.
63.
Post 27321875 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
I recently read a post by someone whose cousin had invested in crypto, but didn't even know what a wallet was. He held everything on exchanges and was just gambling on price rises. I suspect most of the recent wave of new investors don't know what a wallet is, and nothing about the technology backing whatever crypto they invested in.
My feeling is that the spiritual comparisons to the dotcom bubble will wind up being fucking eerie. The early shit will be flushed out by a horrifying bubble burst and the stuff that will turn out to be properly used will rise from the ashes and eventually bestride the Earth.
Ideally it would happen earlier, faster and cheaper than anything dotcom sized. The more drawn out and higher it is the more painful it'll be for everyone and everything. It's also likely that many of the coins that eventually are actually used have not been invented yet.
That will probably be true, but, living through it and not being invested in many alts makes me sad and gives me that good old fashioned FOMO feeling
64.
Post 27322691 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
All I can say is wow, 628 Billion Market cap. Money seems to be pouring in the crypto space.
Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place
seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.
Yeah... You better sell your bitcoin and put your value into one of those other coins.
Surely, bitcoin is dead.. and going to be surpassed in the very near future... in other words, the only way is down for bitcoin relative to various other alts.
I never sell bitcoin. But, I have some useless fiat laying around.
A distinction without a difference, no? Whether you sell some of your bitcoin to buy altcoins or you use your fiat to buy altcoins rather than buying bitcoin, doesn't that behavior result in a similar dynamic, that you are getting diverted from bitcoin and removing your eye from the prize by pumpity nonsense including thoughts that there happens to be actual fundamentals beyond some of the nonsense pumps, whether you are thinking about ripple, or ethereum or bcash or some other nearly equal nonsense?
Not if you divert those profits back into bitcoin
65.
Post 27327997 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
I feel like if Cripple could get to $87B, then BTC should be able to get to $870B with its eyes closed
That would be sweet
66.
Post 27384705 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins. Any address which has not sent coins is counted as “inactive”.
But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.
Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.
Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....
No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.
67.
Post 27385979 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins. Any address which has not sent coins is counted as “inactive”.
But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.
Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.
Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....
No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.
The UB block explorer is showing my addresses as empty. Maybe the Phase 2 distribution has not been carried out even though Phase 2 is now over.
Mine is too at the moment, so maybe too early. Wait and see I guess, or maybe I was wrong about the process
I suspect phase 2 will need to be sent over the chain to the addresses that satisfy the criteria. They stole all the coins in the first round, so they would need to redistribute these coins in second round.
68.
Post 27403704 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders...
Yes, I am not happy about it. Blows my mind that its even close to possible. It wasn't easy for botcoin to get such a large marketcap then you have something like cardano, a coin that isn't even used get there in a matter of weeks
69.
Post 27405223 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.
Notice how everyone has forgotten about Bcash?
A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.
A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.
He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.
Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...
I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...
Yeah, I don't know. I mean they should correct at some point, but, I can't help but think sometimes that maybe we're blinded by old philosophies. I came to bitcoin because I hated corruption of banks and government, and knew how the monetary system was cheating the people and rewarding the rich. It doesn't seem like crypto is about that now, the newbies don't know shit, and don't care about a fairer world, it's pure greed. I just hope this doesn't push bitcoin down the ladder.
70.
Post 27405926 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
I just hope this doesn't push bitcoin down the ladder.
Of course it will.
So in your opinion where do you think bitcoin will endin say the next 3 years? less then top 10? is bitcoin just going to become a fringe coin while the big coins will be the centralized government/bank approved coins?
71.
Post 27405964 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
Good thing I didn't sell my shitcoins.
Another good thing is that maybe now Wu and Ver are realizing what they did?
AFAIK, there's NO mining on most of those shitcoins.
Yeah they fucked it, no doubt about it.
they won't realize shit, sociopaths never admit they fucked up.
72.
Post 27406102 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
I hear you on that. It would seem that in the end money corrupts all things.
And for a while there I thought the crypto market wouldn't be corrupted. Bitcoin losing it's number one spot will be a disaster for those that truly want to remove power from the banks/governments.
73.
Post 27431658 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
More free money is more free money.
Speaking of which, where's muh UnitedBitcoins monies?
Going to be distributed on the 24th I think
https://www.ub.com/news
74.
Post 27436653 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.36h):
More free money is more free money.
Speaking of which, where's muh UnitedBitcoins monies?
Going to be distributed on the 24th I think
https://www.ub.com/newsBut have you checked if you will be receiving any?
I looked on ub explorer and it would appear that my ubtc has been sent to one of Garzik’s addresses.
Not sure if he is planning to recalculate and give them out manually or if I didn’t fill the phase 2 criteria?
Thought I had though?
Will wait and see what happens I guess as I have no choice!
I'd say the reason the coins don't show up on the explorer is because that transaction that is sent to Garzik's address is when he took the coins 12/12/2017.Providing that you have now fulfilled the criteria those coins will be sent back to you on the 24th. At least that's how I read it.
75.
Post 27445538 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
I'm guessing BTC dominance will be under 30 by the end of the week. Such a sad sight and yes I am crying over it publicly.
76.
Post 27446389 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Maybe they should just take ripple out of coinmarketcap to fix that, since it's not really crypto. I mean should we be including VISA in the market cap too? where is the cutoff?
I know right
77.
Post 27447425 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Looks like Yobit has these so far:
SBTC
B2X
GOD
ATOM
Could be worth a few Satoshis. If you have the energy.
Whats important is when you can deposit, not just trade.
Yobit doesn't allow deposits in any of these coins.
Currently:
Bitcoin Diamond, sell on gate.io
SuperBitcoin sell on okex.com
You can download clients from github and import you priv. keys.
Prices are slowly declining..
Thanx fluidjx. At least someone shows up with some useful information in this forum
Also, I don't think ATOM on yobit is bitcoin ATOM, that coin was listed months ago.
Lightning Bitcoin is on there though under LBTC
78.
Post 27448345 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Crypto market cap supposedly 750 billion. It will be 1 trillion within a couple of days.
This is just the fuel needed for the BTC rocket reload as money will flood back from ripple etc; perhaps a new WO guessing game should be the date for when BTC dominance next exceeds 60%?
We've being saying that for weeks now and it hasn't happened, but, I hope you're right
79.
Post 27449188 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
We've being saying that for weeks now and it hasn't happened, but, I hope you're right
3 whole weeks without an ATH and we're ready to throw in the towell
Not all time high, 3 weeks without momentum, when every other coin has it.
80.
Post 27449279 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
The cycle for ATH is supposed to be 9 months, not 2 weeks!
not talking about ATHs here, I'm talking performance vs other coins. I've seen alts do well before when BTC has suffered, but not like this.
81.
Post 27449289 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
if you don't think holding solid over $10,000 is "momentum" then I can't help you
Its not when the entire cryptomarket cap has more than doubled in that time. Going sideways is not up.
I'm sure it will go up again, but the alts taking market share like this is pretty shocking, you have to admit that. I certainly didn't predict it.
82.
Post 27449476 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
if you don't think holding solid over $10,000 is "momentum" then I can't help you
Its not when the entire cryptomarket cap has more than doubled in that time
Go and buy some alts then
luckily, I already have some, but, It's Bitcoin that I think should be the one flourishing. I'm just hoping that things go back to normal before Ripple takes over, that will be a big PR hit for BTC if it happens. BTC is being attacked and at the moment it looks like the attackers are winning.
83.
Post 27449598 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Bitcoin cannot flourish with $40 tx fees. Thats the whole point with these alts. btc needs to fix its shit first
This is part of the fuck up without a doubt.
Shit look at ripple 147 billion, It will be overtaking BTC in a matter of days. Or this day
84.
Post 27449857 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.
What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?
Very fucking interesting isn't it. Newbies are running this market now and they don't give a shit about any of the philosophies that BTC was founded on. Hell, they don't even know what a wallet is.
85.
Post 27450412 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
hard to call bitcoin dead when it's up 1500% for the year and 25% away from ATH.
Can you imagine if it was a year ago at $1000 or 2 years ago at $200 and you said "in one year bitcoin will be dead at $15000"
Definitely not dead, but, hurt.
86.
Post 27451501 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Clearly XRP dump from May is going to happen again, so soon it will lose 90% of its value. Noobs will panic and go to BTC again. The greed of the noobs waiting for andother 10 fold raise will play them a bad joke. These pump and dumps are always executed by the owners of the coins and will bring a loss to everyone that didn't cash out in time.
Please let it be so
87.
Post 27458808 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
The cycle for ATH is supposed to be 9 months, not 2 weeks!
not talking about ATHs here, I'm talking performance vs other coins. I've seen alts do well before when BTC has suffered, but not like this.
You weren't around here in May when Ripple, ethereum, Dash, Litecoin, ETC, monero and many others did a similar pump while BTC stagnated until it finished?
Looks pretty similar to me.
I was around, but, this time seems different BTC has also lost a larger market share this time.
88.
Post 27465870 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Im expecting this bull run on XRP will not end before it hits $5
I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple. But now we're at it anyway. I hope if it does hit $5 it will be dunked to the outskirts of the sub top 100 on cmc. We still need a good meme for a legendary pump 'n dump.
ha, it is way more likely to be number 1 then under 100 (ripple has always been near the top also). I wish this wasn't happening, and by all logic there should of been a dump by now. But, its not happening. I don't think this is like 2013 where the alts were literally just pump and dumps, the coins now are too mature and with ever increasing innovation. It will be very hard for BTC to maintain its dominance.
I think what we are seeing at the moment, is that BTC is now just becoming another coin, it may not lose it's top place this time, but it will happen eventually.
89.
Post 27466775 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
My question, how will people monetize the LN?
For now who cares, just get the damn thing up and running.
90.
Post 27493841 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Well just woke up and have seen that there is a small dip on ripple and bitcoin is back at 15k. I hope this madness is now over and btc is about to extend its gains.... massively
91.
Post 27495722 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Well just woke up and have seen that there is a small dip on ripple and bitcoin is back at 15k. I hope this madness is now over and btc is about to extend its gains.... massively
My base line is that we are still under attack until we get through this weekend and see huge green candles on badger next week.
now looks like it is going back up, so maybe you're right.
92.
Post 27499345 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Can the next poll be 'what is the most annoying shitcoin'?
I'm curious if Ripple has overtaken bcash.
bcash will always be crypto enemy no1. fuck that clone
Spot on, It's probably mostly due to those fuckwits that ripple has got any attention.
93.
Post 27499703 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Ripple seems like a regulatory disaster waiting to happen. I mean, the company owns like 60 billion XRP. Someone should sue them for the lulz.
Yeah it's bullshit, but, I'd be happy if it just crashed massively.
94.
Post 27501049 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
I didn't read the article but..
Yes bitcoin is the devil, but ripple is oh so good and great. dipshits.
95.
Post 27504981 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Is there a wallet program I can use to sweep up all 30 forks and sell them into btc?
Never used this and could be dodgy, but, these guys are trying to support most of them I think.
96.
Post 27514728 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
It's like you guys think he's Dr. Evil or something. He was here in November for God's sake. Here's a picture we took together at SFO airport as "proof." Roger is a great human being and an awesome ally of Bitcoin.
Great human beings dont use their net worth to defend their arguments. They probably dont believe insider trading is perfectly fine and they dont participate in PnD schemes in which people lose partial or all of their life savings.
I havent met the man but his behavior seems more narcissistic than anything. Awesome ally of Bitcoin
His bcash tantrum video where he calls out someone because they havent ran a "million dollar business before" is cringe worthy. This man is arguably the most recognizable figure head in digital currency, who is worth hundreds of millions of dollars (which is largely a result of him being in the right place at the right time) and this is his behavior....
Absolutely, he is a major narcissistic prick, and no doubt a sociopath. Interesting thing about sociopaths is that they are usually charming and nice, for those who don't know them very well personally.
97.
Post 27515901 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Ripple on the move again
All that money would have been much nicer going into bitcoin.
98.
Post 27518334 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Just got back from a run, woke the computer, and happy days. Now just keep pushing BTC and take those alts down.
99.
Post 27527503 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
got sick of waiting for coinbase $ withdrawal so rebought 11.5 btc to send to another exchange, takes 12 hours to withdraw so I went so sleep and I wake up and the price is about $1k higher, nice one
coinbase money launderers
remove btc
run
as fast as you can
what makes you say that? aren't they one of the best funded (VC wise) exchanges?
Also VC funding don't mean shit. Those guys are not always that smart, most of them have inherited their wealth. Example Napster, of all the companies, got over 100 million in VC funding, their product was essentially piracy for fuck sake.
100.
Post 27559155 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Bitcoin going up, and alts going down. A lovely thing to wake up too.
101.
Post 27559535 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
Go bitcoin, GO. Let's get this market dominance back up!
I wanna see 50% at least
102.
Post 27622593 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
FFS the block size again? Has anyone noticed what's happening with the price and alts and stuff?
I posted recently we has some dojis and would have an interesting day - and indeed we did - a predictable breakout. Now have a look - we have a situation that could be misinterpreted as a BTC bull trap by the shitcoin-tards and that is exactly what has happened - alts recovering a bit after their recent falls.
In other words, BTC has already passed the capitulation phase and it ready to boom again, but the alts are still in denial that this run is over for them. /r/ripple etc are still bullish - they are ones who will end up selling ripple at the bottom and FOMOing into BTC when the price explodes.
Still bullish AF
Parabolic Trav @parabolictrav
NEW VIDEO - Correction Post Mortem and What's Next for Bitcoin $BTC
https://youtu.be/ve5Z8GXzdpQI have thought it a bit odd that the alts are still increasing substantially alongside Bitcoin's rise. We'll see if you are right this time, I hope you are.
103.
Post 27646709 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
BitcoinX (futures) fork now listed on coin market cap.
104.
Post 27766288 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
WTF bitcoin selling off again. Just go up you bastard, it's the future for christs sake.
105.
Post 27825777 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.37h):
I'm thinking 13300 is the support on the triangle pattern (4 hr chart). I hope it bounces hard off that.
106.
Post 28017734 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
BTC dominance, just ticks lower and lower.
Come on BTC we need 20k again, and then 40k.
107.
Post 28019763 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
Updated
Ha, I'd say you're right.
108.
Post 28019974 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
guys
I think we are out of the woods
log scale (always) plot the line that touches on the 14 Sept and 11 Nov lows, even if we break below the 21 Dec-10 Jan line to test it we will still be above the 21 Dec low
I kinda have that feeling too, but, I just want to see a fast move up a couple thousand. Gotta, take attention away from the alts again.
I'll tell you who is not out of the woods yet though, fucking Kracken. Useless bastards, terrible terrible service and their developers must be shit.
109.
Post 28083679 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
Tell me about the evils of Bittrex.
they worship satan ~ want to dox all their users ..they are diametrically opposed to satoshis' vision :\ meh #bittrexdoom
you forgot the pedophile pizza connection
pretty sure they also eat babies
110.
Post 28088215 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
Hells yeah, I was getting really pissed at these arseholes. Maybe they have decided to stop biting the hand that feeds them. These pricks should be doing everything to support BTC, not trying to ruin it out of some kind of childish spite. I hope their attitude is changing.
111.
Post 28088671 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
Somac: don’t bet on it. They are crooks.
Yeah, I do see they didn't mention a date of implementation.
It's probably self preservation. Their poor UTXO managment has rendered many of their inputs as basically unspendable.
What ever the reason, it will help.
112.
Post 28163461 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?
113.
Post 28163584 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.38h):
Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?
What is Bitcoin Atom?
Its just another fork. That's all I know.
114.
Post 28529170 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
where are the bears? Hibernating til next year?
I hope so, I want to see this thing at 50k by the end of this year.
115.
Post 28597972 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
Holy fuck 30 sat transactions being mined.
Coinbase must have adopted batching + Segwit and not told anyone.
only 105k unconfirmed tx.
Yes but a lot of them are spam, so that's no problem. Spam should always remain unconfirmed if possible.
116.
Post 28608620 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
If it does to 14k ofc it will - but look at VOLUME + SELL WALLS - no one is buying
Mate, just shut up and short the damn thing. Go get as much money as you can, credit cards, loan sharks, friends, family etc. put it all on an exchange that will allow you to leverage the shit out of it and become an instant billionaire.
117.
Post 28609029 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
So you do same just put all leverage that BTC will go up, why arent you doing that mate?
I've been in this game early enough to not ever having to worry about that shit. What's more I don't need money for frivolous shit, if you want money, that's ok. I believe in bitcoin and I want it to succeed, the money is nice, but, I'll ride this bitch to zero. Why? because I believe in the bitcoin revolution, not that it is only more than 10 times the level it was a year ago instead of it being 100 times.
118.
Post 28609189 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
At the best point I had 0.9btc
Now 0.725btc. I sold all - will be just staying with around 0.25btc. I made in few months (from 11.17 do 12.17) 11k$ - now I lost 1.5k$
Oh shit, niggas ! Look out ! We got a whale here !!! How even will the markets react to this terrible news ??!?
Oh its a damn tragedy that's for sure, muadib is leaving, I just can't believe it. Bitcoin is dead man, it's dead.
119.
Post 28609303 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
And no one here have shown me any good reason/evidence that Hodling = winning
No, all those poor people who have held since 2011 have lost everything right. Complete losers the lot of them.
120.
Post 28733673 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
7700?
he talking in rubles or something?
I have to say he’s starting to concern me.
The bottom keeps falling with his predictions. First 11k, then 10k, then 9k and now 8k....
for further insights, see this blog
https://btctrading.wordpress.com/2018/01/18/long-term-update-bottom-done/Apparently, this guy and masterluc kinda follow one another. I'm not too sure what Masterluc's 7700 is in regards to, but, Enky says that if it were to reach this level, it would become a bear market.
121.
Post 28734181 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
yeah, Enky said bottom done on the 21st
Luc refers to a previous 7700 bottom that I can't find on the chart
The guy with the daily gain random walks, which is basically "it went up before so it will go up again"
that other motherfucker has an "alternate reality indicator"
I'm as bullish as the next guy, but I can also tell when I'm getting smoke blown up my ass
no cognitive biases in here...no sireee
possible translation issues with masterluc as well of course. 7700 could be referring to an indicator rather than support or resistance. I have no idea though.
122.
Post 28734478 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
yeah, Enky said bottom done on the 21st
Luc refers to a previous 7700 bottom that I can't find on the chart
The guy with the daily gain random walks, which is basically "it went up before so it will go up again"
that other motherfucker has an "alternate reality indicator"
I'm as bullish as the next guy, but I can also tell when I'm getting smoke blown up my ass
no cognitive biases in here...no sireee
Actually taking another look at the charts 7700 is a former top that then turned into a support level. It is definitely a valid level of support.
123.
Post 28744641 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
Hoping for a bounce here, but looks like we are going lower.
124.
Post 28745135 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
Hoping for a bounce here, but looks like we are going lower.
BTCuy oppertunity's in the making
Any price is a buying opportunity with Bitcoin, the future is bright indeed.
125.
Post 28745747 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
Hoping for a bounce here, but looks like we are going lower.
BTCuy oppertunity's in the making
Any price is a buying opportunity with Bitcoin, the future is bright indeed.
But what for those who are all in allready ...?
Hopes and prayers.
Spot on
126.
Post 28748109 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.39h):
If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.
Just buy more at intervals on the way down. You'll eventually be glad you did.
Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.
Who here doubts that Bitcoin will be at $50k by 2020? I don't.
50k by the end of 2018. This correction is just a simple mid 2013 type correction.
127.
Post 28999830 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Looking at the charts, it looks as though the bitcoin drop is slowing down and heading somewhat sideways. On the 30min chart a symmetrical triangle is clearly visible. For those that follow Masterluc, he has stated that anything below 10k is a buy and that after the recent low of 9200 we will see a few weeks of consolidation before a move up.
He does also mention an absolute bottom of 7700 though, which I think means that if the price were to penetrate this bottom we would be in a bear market.
If he is right about the few week consolidation period, I believe a break of this symmetrical triangle will indicate a end to this current correction. I would say that if it breaks up happy days but if it breaks down, we might be headed to that 7700. What are other peoples thoughts?
Fundamentally, I think the demand is still there, probably a kind of cash on the sidelines thing. Everyone is just waiting for the price to confirm either the bull or bear market. I put a lot of faith in Masterluc, he has proven his technical analysis skills many times in the past.
128.
Post 29002251 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Ok, this dogmatic adherence to this triangle pattern is just really stupid. I guess it's all bots in control...
not just bots, people also believe in them, therefore they happen.
129.
Post 29005205 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Ok, this dogmatic adherence to this triangle pattern is just really stupid. I guess it's all bots in control...
I've been fucking nauseous all day today. This rollercoaster ride is starting to get to me
Looks like things are heading upwards though... again... then probably back down again...
I should just vomit already. I'm a mess.
bob, financially you are in a good position, which is awesome. If we were to fall into another bear market you should be able to ride it out without issue from a financial point of view. Long-term this thing is going to moon, why, because we know for a fact that central banks, banks, and governments will continue to be dishonest, evil, and support the wealthy against the poor.
I don't want tell you what to do, however it might make this correction a lot easier to sit back and think about bitcoin long-term rather than worrying about these daily moves. Seriously, I would give my left nut to be in your position right now, many of us would. And if I were, I would have a big smile on my face knowing that 1. I don't have to work and 2. I can ride out any bear market financially, and if a bear market does happen, accrue a shitload more coins.
I wish you the best bob, and I hope that the price skyrockets to 50k this year and then you can truly live it up.
130.
Post 29005236 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
I'm seeing 1.7tps
edit: then the transactions just went batshit crazy and went to 7 tps. I think that 24 was when an exchange made a shitload of transactions at once or something.
actually that TPS varies way to much to be useful, needs to average out over the hour or something.
131.
Post 29013525 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Getting back on topic... anyone else noticing solid support gathering between the $10k to $11k range?
Roughly 2,400 BTC from 11k to 10k on GDAX. I've been watching support grow all day in that range. I'm feeling optimistic about the next 96 hours.
*Edit* Just noticed the 1,000+ BTC wall at the magical Masterluc $7,700 mark. Quite the following.
He doesn't think it will get to 7700 though. I could be wrong here, but, I it seems he believes that 7700 is the last support level and if that goes so does the bull market. This is what Enky mentioned in his last blog post, and Masterluc does follow him. I'm pretty sure though Masterluc is of the opinion that the correction is over, and we will go sideways for a bit and then up.
Seems like support is forming, and we are in a symmetrical triangle pattern (30min). If it breaks up I think we will continue on up from there.
132.
Post 29013892 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Bitcoin usually has to go down before it goes up, and similarly go up before it goes down. A fake breakout from within this pattern to somewhere between 14K at 20K at these same volume levels which never properly increased, and then a subsequent decline, would set the stage for the real exit from the bull market.
Maybe. It's all maybe until it happens.
133.
Post 29083019 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
(uninteresting titless img snipped)
(interesting img worth reposting cause tits)
The first cheering half-tit of a budding calf run?
The lady knows how to handle flow.
Merited as a micro push.
But you invite me to your next party okay?
schwing.
Yep, definitely a break to the upside. Providing it isn't false, I think next resistance will be above 14k, close to 15k maybe.
134.
Post 29154953 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
so, bitcoin cash is the original blockchain. interesting.
Fuck me, what is it with these arseholes. A softfork is now a hardfork and a hardfork is now a softfork. It's because of dickheads like these that bitcoin needs to succeed and be ultimate champion. Bcash is the tool of the globalists, something they created, and can control. It's a centralized shitcoin, nothing else.
135.
Post 29155138 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Ummm no. ETC actually is the unforked version. I think a letter to the NIST is in order.
NIST, would have written it intentionally. anything that is .gov is pretty much against BTC.
136.
Post 29163682 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Shaking the tree again?
yes, it never seems to end. We are near the old resistance level of the previous symmetrical triangle (and downtrend) though, so a bounce off this level would be bullish. Of course if it doesn't bounce that would be very bearish, and mean that the previous break was just a false breakout.
137.
Post 29225311 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Edit: great buying guys ! Bottom of the wedge !! .... /hide
Or about to take a dive
Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.
138.
Post 29227509 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Edit: great buying guys ! Bottom of the wedge !! .... /hide
Or about to take a dive
Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.
The whales are letting the market to cool off after their pump and dump. Calculating profits
As soon as they're sure all weak hands are out they'll pump again.
We aren't even close to the weak hands being forced out yet. This is shaping up to be another 2014/15. Put the screens down and check back in two years
This is what I fear, though I do think BTC now is very different from BTC back then. So I don't see a greater than 80% correction like last time.
139.
Post 29233886 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Edit: great buying guys ! Bottom of the wedge !! .... /hide
Or about to take a dive
Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.
The whales are letting the market to cool off after their pump and dump. Calculating profits
As soon as they're sure all weak hands are out they'll pump again.
We aren't even close to the weak hands being forced out yet. This is shaping up to be another 2014/15. Put the screens down and check back in two years
Why do you say that?
I think that any weak hands would have been forced out long ago, when the price dropped to 9k.
weak hands are gone IMO as well.
140.
Post 29234257 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.40h):
Dear user,
We will be reopening the batch of the Antminer A3, the Blake(2b) miner, tomorrow.
Only Bitcoin Cash (BCH) will be accepted as payment method for this batch. Please select the payment method within 30 minutes of your order submission or otherwise, your order will be EXPIRED.
7. After successfully selecting the payment method, please complete the Bitcoin cash (BCH) payment for your order within one hour, or, otherwise, your order will be EXPIRED.
BCH rulez ... or
i will not buy but .. why? bch
Because the only thing bcash is used for is buying antminers. If they don't enforce that as the payment method, bcash is not used anywhere else. The sociopaths behind bcash have egos to satisfy, remember they are geniuses because they bought in early, and they are geniuses because they created the real bitcoin called bcash. lol.
141.
Post 29372511 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Price continues to slide, it’s been like an avalance for the last month
yep. Its like a physical pain and there is only one cure. It will be interesting in the next poll to see how the mood has changed here.
I think at this stage. lower is almost inevitable
Seems to be going down to test the support at around the 7500-8000 mark. These dips are barely being bought, so I can absolutely see it getting there.
142.
Post 29374630 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
For this correction to be over I think we need to see a strong spike down, probably a couple thousand dollars, then a strong spike back up straight after. Looking at the history of corrections before this has always been the case. If this correction turns into a bear market which I reckon would be below 7k. We would need to see the same thing as well for the bear market to end.
I remember in 2013 when silkroad was shut down, quick drop the quick recovery then moon. Same thing in 2015 drop to 150 then spike back up.
143.
Post 29452124 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Hmm... looks like I won’t need tax advice this year after all...
Ha, me neither. oh well just wait for another few years
144.
Post 29452594 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Is this the masterluc pump
145.
Post 29452737 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
If this shit is going to end, I reckon we will need to see the price back up to 10k within the next few days. otherwise it will be back down again.
Every bottom always seems to have a sharp spike down then a spike back up again
146.
Post 29452823 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Is this the masterluc pump
Probably not.
It will happen but I’m assuming not imminently.
but the bottoms are always a spike down then a spike backup, it is at the 7700 level he mentioned. Though I have lost hope now and expect another bear market. At least if that happens I can buy more coins.
147.
Post 29452885 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Such a nice green dildo bull trap
no doubt
148.
Post 29452924 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Is this the masterluc pump
IT WILL GO DOWN TO ZERO !!! 000000000000000000000000 ... Doesn't need to go to zero. Bitcoin is dead, been dead for years.
149.
Post 29453475 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
It has bounced EXACTLY at the weekly average.
Let's just fucking hope it continues to bounce
150.
Post 29453884 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.
They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.
I can't imagine a bunch of people doing this of their own accord all at once.
The power of short covering
151.
Post 29454659 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Nobody is going to buy right now, because it keeps dropping.
one of the stupidest things I've heard someone say. If that were true every investment ever would be at zero. The reason an asset stops dropping in price is because someone buys it when its dropping.
152.
Post 29454957 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Did we hit the bottom yet
Yes, it was $7700 about an hour ago and you will never get a better deal ever again.
Trust me, I'm a random guy from the internet
Trusting random guys on the internet has done me wonders so far
153.
Post 29455279 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Did we hit the bottom yet
Yes, it was $7700 about an hour ago and you will never get a better deal ever again.
Trust me, I'm a random guy from the internet
You got me sir. Gonna buy them all now.
On a more serious note, the current bounce doesn't convince me yet.
Thats not really a v-shape we're seeing, though the increased volume seems interesting. When we go up another 500 with an addition of 3 billion in volume (on coinmarketcap) I might consider this the bottom for the mid-term.
Right. I want to end today on a green that rivals 15 September for volume.
Honestly, I think that's exactly what we need to end this.
154.
Post 29455936 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
155.
Post 29456131 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
those 2 major drops since ATH are textbook 2013
after that, it slowly rose back up to something like 70% of ATH value
the 2013 crash you need to be looking at here is the one in the middle of the year. Not the one at the end.
156.
Post 29456330 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
problem with all those analysis is they all assume we're still in a bull trend, very risky thinking. Those child paintings are right until the trend changes...
You're assuming we are in a bear trend. According to a lot of longer term TA, we are not.
157.
Post 29456556 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
I guess the cynical contrarian stance makes her a better trader than most around here.
The trick is to be extremely cynical, without being so cynical that you completely miss out (Stolfi, Roubini...)
haha, stolfi. That guy used to crack me up.
158.
Post 29499436 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Seems we are still not out of this yet. Was hoping that when I looked at the price next it would be over 9000. At least it was for a bit I guess.
159.
Post 29499773 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
I think this is good because it's higher than the present price.
Actually, I agree with you gentlemand regarding the fact that any BTC price prediction that argues for prices being higher than the current price is a decent enough prediction that would allow us longer term HODLers to at least maintain the status quo of our prior gains - and perhaps add a little extra value, if the amounts account for cost of living, and even better accounts for any withdrawals that any of us might want to make through the calendar year.
In the end, HODLers like many of us should not become desperate for a BTC price rise, merely because we have "suffered"(if that's the right word) a 61% price correction that seems to now be hovering in the 57% retracement territory (around $8,500). Even peeps who bought high, should not necessarily expect to be able to cash out in one to two years or even longer, because none of us should be investing more than we can afford to lose - even though there have likely been a lot unrealistic get rich quick expectations in the space that caused folks to buy into BTC while it was above $12k.
Regarding CNBC as a news source regarding Bitcoin, the article points out that they have shown themselves to not really know what the fuck they are talking about, and perhaps even engaging in a certain level of negligence in some of their recent shenanigans to 1) outline specific guidelines to help peeps to buy Ripple (while Ripple was nearing its price peak) and 2) to represent Bcash as a seemingly better value that bitcoin by showing some artificially inflated and misleading bcash/bitcoin performance comparisons while having stupid-ass Roger Ver on their show as a supposed expert on the bcash/bitcoin topic.
So yeah, difficult to tell if CNBC is continuing to engage in some kind of misleading ploy to be asserting that bitcoin is going to more than 5.5x from its current price. Gotta take those mainstream media fucks with a large grain of salt.
Or put simply, CNBC are a bunch of evil pricks.
160.
Post 29500613 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Bull trap?
Noooooooooooooo
161.
Post 29500656 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
Hey Bitmain. Go fuck yourself.
Looking forward to the new miners that are meant to be coming out. Just want to see Bitmain be fucked over.
162.
Post 29503767 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.41h):
[edited out]
Or put simply, CNBC are a bunch of evil pricks.
Do really believe that their shenanigans are evil? What's there goal exactly? Sure, they probably want to increase their watcher (and readers), and maybe they want to distract their listeners with possible gambling and get rich quick schemes and with a message that cryptos are dangerous and a gamble, so in the end, it may not matter if they are wrong, if they present the whole situation as a kind of game, and they say to their watchers (readers) that cryptocurrencies are dangerous and a gamble.
Perhaps, in that regard, they are "evil" because they are presenting a dangerous scenario, and then giving lame-ass advice, and then later proclaiming to be correct in their assertion that cryptos are dangerous? Evil, though? I am still not quite there.
Evil might be to strong a word, but, the are certainly corrupt in every way possible.
163.
Post 29575043 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Standard weekend dump. Just piss off already dumpers. Damn thing is going to 100k, just buy.
164.
Post 29576385 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
As noted by another poster, our guy Masterluc got his account on TradingView disabled.
(yesterday at 12:37 pm)
TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.
Where is that quote from Masterluc taken from?
cause his account on bitcointalk was hacked the other day
165.
Post 29578093 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
As noted by another poster, our guy Masterluc got his account on TradingView disabled.
(yesterday at 12:37 pm)
TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.
Where is that quote from Masterluc taken from?
cause his account on bitcointalk was hacked the other day
If's from VKontakte, his main outlet recently.
https://vk.com/bitcoin_vangaCool, thanks.
166.
Post 29619253 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
big buy wall on finex at 7800. 2000 coins
167.
Post 29631761 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Looks like the whole tx spam job by ... jbreher, ... is officially a failed exercise in self-falattio
If you have any evidence whatsoever that I have been in any way associated with a 'tx spam job', then cough it up.
Fucking lying asshole.
About a 9 on the tension scale there, Rube.
168.
Post 29633773 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
$7800 2000btc wall at bitfinex still there, not pulled yet.
169.
Post 29635386 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
wall being eaten, still plenty to go though
170.
Post 29636192 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
wall pulled
171.
Post 29697043 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Look at the volume. Look at it.
It looks pitiful. But is that your point?
Beacuse it's eclipsing everything else in the chart?
So bearish? bullish?
172.
Post 29698512 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
The good thing about this drop being so quick, compared to the 2013/14 drop, is that we will be put out of our misery quicker.
173.
Post 29699252 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
OT: but the S&P 500 futures have bounced up about 80 points, could be a buy the dip day on the stock market. Maybe the same will happen for us here.
174.
Post 29708061 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Do you think this bloodbath for today is over?
It seems like market is recovering
nope
Between 2018 and 2013 there had been 5 Years.
Once could argue that this meltdown could heal in another 5~10 years. But I doubt that. The momentum has been lost, the notation of the currency as a store of value destroyed.
Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.
The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.
Shit, your meant to be a legendary member. You should understand this.
175.
Post 29711203 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.
The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.
Shit, your meant to be a legendary member. You should understand this.
Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.
For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.
An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is.
176.
Post 29712030 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.
The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.
Shit, your meant to be a legendary member. You should understand this.
Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.
For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.
An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is.
Rigging the system like with mtgox and tether?
I can see why you probably get abused by other people.
Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?
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Post 29713535 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?
If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the
DOLLAR value of bitcoin
So you're stupid then. You see stupid people, like you, concentrate on the short-term for everything, all they can see is the current situation and judge everything and everyone on that. Smart people look into the future and can see long-term trends. Ask all these "whining" people where they think bitcoin will be in the future. Then come back in 10 years time and see what has happened.
178.
Post 29716330 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.42h):
Looks like another day of pain for the stock market. Dow down 2.5% in pre-market.
There's been a decent bounce in the futures overnight, so, maybe won't be too bad.
179.
Post 29978745 (copy this link) (by somac.) (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
Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.
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.
180.
Post 29979757 (copy this link) (by somac.) (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.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.
With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice.
I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better.
181.
Post 29979814 (copy this link) (by somac.) (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?
182.
Post 29980247 (copy this link) (by somac.) (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.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.
With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice.
I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better.
This effect is bound to accelerate with the growth of the overall crypto market. The more people buy into Bitcoin, the more people will find interest in altcoins and the larger the potential volume that can trigger growth in altcoins will become. It's a snowball effect.
A question that I find interesting is whether or not Bitcoin will regain dominance massively once the "big crash" comes and useless shitcoins as well as all the ponzis and scams get obliterated.
If a big crash happens. They might just drop off one by one, only to be replaced by more new entrants.
183.
Post 29981747 (copy this link) (by somac.) (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
Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.
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.
Market cap and bitcoin dominance can be a misleading indicator for all the reasons that you already stated... so in that regard, people who understand the value of bitcoin are going to realize that bitcoin is the one to buy rather than gambling on those many other alt coins - and useful also NOT to get distracted by coinmarket cap, at least in terms of informing you about the dominance of BTC's fundamentals in comparison to any (and all) of the other coins.
Doesn't matter what I think, and as you said "people who understand the value of bitcoin". Newbies don't understand shit, but, they do understand metrics like market cap, so it will hurt bitcoin. If bitcoin is not number one on the shitty marketcap metric that will hurt bitcoin adoption plain and simple.
What do the advertisers say? "you don't need a good product, just good marketing"
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Post 29982769 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.43h):
Doesn't matter what I think, and as you said "people who understand the value of bitcoin". Newbies don't understand shit, but, they do understand metrics like market cap, so it will hurt bitcoin. If bitcoin is not number one on the shitty marketcap metric that will hurt bitcoin adoption plain and simple.
What do the advertisers say? "you don't need a good product, just good marketing"
In that case, bitcoin was fucked from day one. 21 million coins for the entire world economy was never going to work. Most world citizens (>99%) have never had $8750 at one time in their lives. They will never buy bitcoin at that price. They will buy Ripple for $1 instead.
EDIT: Yes, I know they are divisible but the average idiot can't comprehend that.
The real problem though is that the idiots don't understand the importance or decentralization, lack of a central authority, deflationary monetary system, developer talent, trustless, and so on. Bitcoin is the best coin without a doubt in my opinion. But, how in the fuck can we get mass adoption, when most people still think the media, and governments are the good guys. Crypto will get mass adoption, but, I fear that it will be a bullshit coin supported by the banks, media, and governments.
185.
Post 29990046 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.43h):
Doesn't matter what I think, and as you said "people who understand the value of bitcoin". Newbies don't understand shit, but, they do understand metrics like market cap, so it will hurt bitcoin. If bitcoin is not number one on the shitty marketcap metric that will hurt bitcoin adoption plain and simple.
What do the advertisers say? "you don't need a good product, just good marketing"
In that case, bitcoin was fucked from day one. 21 million coins for the entire world economy was never going to work. Most world citizens (>99%) have never had $8750 at one time in their lives. They will never buy bitcoin at that price. They will buy Ripple for $1 instead.
EDIT: Yes, I know they are divisible but the average idiot can't comprehend that.
The real problem though is that the idiots don't understand the importance or decentralization, lack of a central authority, deflationary monetary system, developer talent, trustless, and so on. Bitcoin is the best coin without a doubt in my opinion. But, how in the fuck can we get mass adoption, when most people still think the media, and governments are the good guys. Crypto will get mass adoption, but, I fear that it will be a bullshit coin supported by the banks, media, and governments.
I agree, I think the coins that will do the best with the coming mass adoption will be the ones who have the largest number of coins in circulation so they seem cheap to the idiots. Why buy a bitcoin when you can buy 10 ETH or 8000 XRP for the same price? Luckily, big institutional money will still flow into bitcoin.
Are you guys telling me that if we properly advertise Dogecoin (yes, DOGE, much wow) that is going to be a valuable coin for the masses? I mean infinite supply, so cheap, much fun.
Insane
Dogecoin, an utter joke, always has been, always will be. You know what I was hearing about Dogecoin in December from many people? that it was going to skyrocket and I should buy some. The market cap went up to 2 billion dollars, let that sink in for a minute, 2 billion for a useless piece of shit coin, with infinite supply like you said.
If you don't think 2 billion is valuable, i don't know what is.
In my country, we have companies that own several mines (mining productive useful resources), with over 1000 employees and the market cap of those is less than 2 billion.
These alts are an attack on bitcoin, and yes shit coins like doge can do damage to bitcoin. Bitcoin could end up being like the story of the elephant being attacked by ants. The elephant may kill thousands of them, but eventually those little bastards could bring the elephant down.
186.
Post 29993342 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.43h):
Yeah that probably like everyone’s story in here...., So Many naysayers or most Classic ITS TOO LATE NOW ..., i still got a few friends i would like too see Going into bitlandia..... but Yeah iT is what iT is
But that means you have less competitors on the market. You can find a positive trait in everything.
Let people live their lifes, give a chance but if the answer is "no" - let it go.
Dogecoin, an utter joke, always has been, always will be.
At least is still decentralized, and the inflation rate is known. There are several worse scams in the top 10 cryptos, not to say of the rest.
Took the words out of my mouth. It's still lot of garbage coins around and compare to them Dogecoin looks fine.
I'm not saying dogecoin is the worst shitcoin, it was just mentioned, so I used it in my example. Of course there are worse. In the top 10 ripple being the standout.
187.
Post 30041691 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.43h):
Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.
I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers).
188.
Post 30515634 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.44h):
Damn good to see bitcoin making up some ground vs the alts. I'll be much happier when it is around 50% and bitcoin is at 50k
189.
Post 31031769 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.45h):
Mem pool almost empty again.
It is amazing to see. going from over 200k down to under 100 at certain points.
I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam.
190.
Post 31031843 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.45h):
Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.
This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.
Wow, brilliant. Start spreading that idea wherever you can. I will be.
191.
Post 31033537 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.45h):
Mem pool almost empty again.
It is amazing to see. going from over 200k down to under 100 at certain points.
I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam.
To me, an empty mem pool is bearish. Shows low volume. Big spikes seems to mean big price movements. I am associating very high priced fee movements with price drops (panic sales) and big spikes without high fees as pumps (organic exchange transactions).
seems reasonable, I'll keep an eye on that myself
192.
Post 32025722 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
Not liking the current price. I'm still hoping that we just have a sideways market for a while. Something like Masterlucs year long triangle pattern. Honestly though, it doesn't feel like that is going to happen. Looks as though we will be waiting till the next halving, before anything good happens.
Fingers crossed for back to 5 figures though
193.
Post 32026198 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
Not liking the current price. I'm still hoping that we just have a sideways market for a while. Something like Masterlucs year long triangle pattern. Honestly though, it doesn't feel like that is going to happen. Looks as though we will be waiting till the next halving, before anything good happens.
Fingers crossed for back to 5 figures though
12 hours ago V8 suggested a bottom of $7,500 this weekend which seems reasonable.
Well, I have three bids between current price and $7500. Perhaps I can get a little more corn out of this before the rebound. Hope that I'm not just catching a falling knife all the way down to oblivion.
I can handle a bottom at 7500, so long as the damn thing goes back above 10,000 again.
194.
Post 32029380 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
I’m not going anywhere. I’ve got another 5 years of hold in me. At least. As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.
These are my thoughts exactly, though I'll start accumulating sub 3k only. If it never gets to sub 3k I'll still be happy.
195.
Post 32029536 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
some of his questions
are interesting... (not radix lol)
What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.
196.
Post 32029683 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
Although Legendary accounts don't need merits to rank up, they still need 2 merits to earn an smerit. I'm sure many Legendaries have already run out of smerits to give out, and would like some love so they can pay it forward.
my last bit of love now given
197.
Post 32031756 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
some of his questions
are interesting... (not radix lol)
What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.
When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.
Do you know when it was that you last looked? I might take a look myself to see if those things have changed.
198.
Post 32031884 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
some of his questions
are interesting... (not radix lol)
What's wrong with radix? genuinely interested, as I've heard a little about it before and it sounded somewhat non-scam like.
When I last looked it was a target for botnets and sybil attacks and was claiming turing-completeness which is idiotic (verging on scammery).
Ideologically also for me, all alts are irrelevant, not least because of the Lindy effect and centralisation around a weird bloke from Stoke-on-Trent.
Do you know when it was that you last looked? I might take a look myself to see if those things have changed.
end of 2017. ish
Probably not much different then.
199.
Post 32056337 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
pump fucker pump
200.
Post 32056639 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.47h):
My attention also snowballs into just about anything and everything else just disappears from existence during that time, so perhaps I just don't notice any withdrawals by focusing my attention on other things. Heck, I forget to eat on some days, and I absolutely love food.
I always say to people that if I want to lose weight I just stop eating, and that's easy to do providing I just distract myself with some really good computer games. If I'm focused on work I don't eat either, but, can only focus on work for so long.
201.
Post 32577922 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.48h):
Are they though? futures are closed over the weekend, those price are before the latest dip.
202.
Post 32663900 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.49h):
also, masterluc says...blah blah
Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?
Masterluc, Cliff High, Tone Vays, McAfee.
They believe in
"long-term", not in short-term like you.
My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000
I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.
I merited your earlier post, mostly because I appreciate an anti-sorcerer comment now and then, because sometimes it seems that guys are getting into too much sorcerer reliance.. and sometimes, want to be viewed as sorcerers, too.
Doubling every year is not a bad idea or framework, and if you are starting with $1,000 for 2017, $500 for 2016, and $250 for 2015 - even if you are largely correct, you seem to be selectively and purposefully low-balling, especially when we have seen $20k for 2017... so you either seem to be purposefully skewing down your expectations or you are engaged in a state of unrealism.
We are also NOT going to get linear BTC performance.. so even an average of 2x every years seems to just be a kind of stab in the dark that is not really based on anything except for a kind of dream about how the world should be rather than how it is, especially with a considerable likelihood that bitcoin is in a exponential curve which will not likely be held back by 2x (or linear) expectations.
I believe masterluc predicted 20k down to around 9k before we were at 9k. I’d say that’s not a bad guess.
He did. In fact back in March (or near then anyway) of last year he produced a chart with the prediction that the price would go to 15k by the end of the year and then drop down to 7k.
So pretty fucking good in my books
203.
Post 34528140 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.52h):
Fuck yeah, checking the price is a happy experience again (today at least). hahaha to all the shorters. That's what you get when you try to go against what is possibly one of the greatest innovations of all time.
204.
Post 34589545 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.52h):
I hope no one minds this but I'm going to give a forkcoin dumping service a plug here. The service is run by a reddit user called camku. All communication done with him was over email, he charged what I consider small fees for the service, and I had no problems at all.
If it wasn't for this service I would have just left the coins there to rot because I couldn’t be bothered with them myself, but, now I have a nice bit of free BTC with zero effort. I highly recommend his service it did take him a few weeks to dump all the coins but I was in no rush.
The only effort involved on my end was moving the bitcoins to another address and then sending camku the old public address and private key. He handled the rest, and sent me all the proceeds to another bitcoin address that I control. If you want he will provide screenshots of all trades, so there is no need to worry about him doing anything dodgy. I also checked all sales and they matched the market rates.
Here's a couple links to his service below
https://www.reddit.com/r/BitcoinAirdrops/comments/81wco4/hard_forks_selling_otc_services_extraction/https://www.reddit.com/r/BitcoinAirdrops/comments/8as5z5/hard_fork_selling_extraction_services_kyc/I found out about him from this website
https://btcdiv.com/
205.
Post 35167320 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.53h):
For fucks sake, alts a rising at a stupid speed again, with btc being a laggard. Here I was thinking that this alt shit had ended and btc would be the main show again.
206.
Post 35168428 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.53h):
For fucks sake, alts a rising at a stupid speed again, with btc being a laggard. Here I was thinking that this alt shit had ended and btc would be the main show again.
Altcoins are used to increase BTC through trade (aka gambling).
That's why they rise faster, and fall faster as well.
well they aren't being used to increase today are they, the btc dominance has dropped substantially in the last week. That's not good.
207.
Post 35169250 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.53h):
Bitcoin is about to take-off, there's a huge probability of it right now, it has broken the downtrend, once it does, proud owners of alts are gonna cry, again.
I am a proud owner of alts.
Bitcoin is like the Eiffel Tower - if you took away the buttressing it would fall down. ALts are the buttressing for bitcoin and if they disappeared bitcoin would fall down because difersification is an essential hedging aspect of any investment portfolio.
Also, although bitcoin is fine as an asset, it's technologically crippled and so alts are here to stay
of course they are here to stay. But in no way is btc technologically crippled. You've been drinking the alt kool aid on that one.
208.
Post 35169296 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.53h):
Days of "only bitcoin" are coming soon, just wait and see. Bitcoin is about to start its super bull-run, and once it does, alts are gonna suffer. You might then pick up some of your favorite alts and enter them, but entering alts right now isn't the best thing to do IMO.
Bitcoin is about to take-off, there's a huge probability of it right now, it has broken the downtrend, once it does, proud owners of alts are gonna cry, again.
I truly hope so
209.
Post 36198203 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_15.54h):
Anyone had any luck in claiming shit coins?
I was looking after my own BCH and BTG and have just come back to it and feel there must be a service that does all the work for you that has built up some trust already.
What i am after is giving the private keys to someone for a wallet that has had BTC, BCH and BTG removed and then them giving me back all the value in shitcoins back in BTC. (minus a fee obviously)
Anyone have any experience with something like this?
Thanks
This place
https://dig.walleting.services/#/ does a decent job although the fees are a little high.
Also it will just send the forked coins to an address of your choosing and not change them for you to BTC so you have some legwork to do.
Alternatively, there is a reddit user named Camku or canku who I have used who will do all the conversions for you and send you BTC to an address of your choosing.
He is reliable and I have used him for forks that are somewhat more obscure. He charges 10%.
Hope this helps.
Camku is the guy, I used his services. Pretty easy, gives screenshots of transactions, lots of positive feedback. you can also claim the coins youreself using ymgve script, the hard part is selling them on exchanges mostly only accepted on shit chinese exchanges.
Here's a link to him
https://www.reddit.com/r/BitcoinAirdrops/comments/8gf642/hard_fork_selling_extraction_services_kyc/
210.
Post 41896874 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.00h):
this is the last dump before the next leg up will bring us to over $7000. you heard it here first!
I'm thinking that a bottom may be close myself. Bitcoin's strongest selling point is escape from banks and fuck wit governments. With the US now actively attempting to destroy the status quo post Bretton Woods environment, various governments, and banks, are going to start adding more restrictions to global flows, and start coming down harder on their populace, as their people will no doubt get more restless with the credit bubble tapping out.
I think China will be a driver of the btc price again, despite what people are saying I think they are close disaster. I read a comment recently from a man who has a lot of business in China and has a lot of connections with high up party members and business leaders. Things don't sound good.
211.
Post 41897391 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.00h):
this is the last dump before the next leg up will bring us to over $7000. you heard it here first!
I'm thinking that a bottom may be close myself. Bitcoin's strongest selling point is escape from banks and fuck wit governments. With the US now actively attempting to destroy the status quo post Bretton Woods environment, various governments, and banks, are going to start adding more restrictions to global flows, and start coming down harder on their populace, as their people will no doubt get more restless with the credit bubble tapping out.
I think China will be a driver of the btc price again, despite what people are saying I think they are close disaster. I read a comment recently from a man who has a lot of business in China and has a lot of connections with high up party members and business leaders. Things don't sound good.
maybe South_America will also be a driver of the Bitcoin price in the next time.
Honestly, I hope everywhere is the driver of the price. People need to realize that they are getting screwed over big time financially and that bitcoin is one of, if not the only, thing that can protect them and they can use to fight back with.
212.
Post 41898959 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.00h):
I think China will be a driver of the btc price again, despite what people are saying I think they are close to disaster. I read a comment recently from a man who has a lot of business in China and has a lot of connections with high up party members and business leaders. Things don't sound good.
I agree. Other than ingraining a misguided sense of nationalism in the younger generations, China has done nothing over the past 10-15 years to become a more consumer driven economy. They have pumped billions of ponzi fiat money into their economy, which has done nothing except create rampant and irrational over speculation, especially in their tech stock market and in real estate.
The West is still the "consumer arm" of the entire world, and unfortunately the U.S. and other western nations can no longer hide the fact that consumer spending dropped off a fkn cliff about 5 years ago. The lack of consumer demand abroad is finally hitting China's shores, and they can no longer keep their own economy propped up with more fake borrowing and debt issuance.
It's all going to come crashing down. Soon
TM.
FYI the comment from the person I mentioned
Bring China to its knees - um - you know what? China has just realised that this is a possibility. China is realising that its switch to a consumer lead economy vs "factory to the world" will take a lot longer than anticipated and the powers that are know that food security is still a major problem. It is clear from our sources that there was a massive misread on the part of the Chinese who thought that Trump would back down. There is a lot happening in China right now pointing directly to trouble brewing - from protests by retired military personnel to paint and faeces being thrown on XJP pictures and court buildings (some thoughts that this is being stirred up from foreign sources so expect another "westerner" crackdown). So all up, this is a very dangerous time in China, XJP can not appear weak to the populace, thus the massive propaganda campaign underway (from WeChat to subway advertising, singing people in subways and the usual rules for media outlets). The soybean tariffs will be paid by the government if the beans are added to the strategic reserve - this alone shows what is really happening. And as for the slowdown, well it is real, from Evergrande chairman to gov officials, it has been acknowledged as happening, but GDP will still print 6.7/6.8%.
Trumps timing was sublime - he actually caught the Chinese in full Moutai celebrations over the Xi for Life event and in so doing, made sure that Xi has to respond. Xi's real problem is that any response he makes from Yuan deval (we are hearing 10=15% being accepted) to imposing tariffs to limiting imports hurts China more than anything else. Your comment about China suddenly not needing 20% of its IO supplies from Oz is interesting. I had the same comment made to me when I was in Beijing last month. The month where there was another all time record shipped from Port Hedland.
213.
Post 42334820 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.01h):
Well if peace means surrender, including siding with Putin against the findings of the Republican controlled Senate Intelligence Committee, then yes. After all, there’s nothing wrong with cock sucking. I’m sure many find it quite tasty. I certainly hope my wife does.
Holy shit man, are you serious? USA and Russia are the 2 biggest nuclear powers in the world, if you don't want peace and nice relations between them you are fucking twisted. "Peace means surrender" wow, just wow.
USA intelligence is the thing you distrust the most of anything. Weapons of Mass destruction, bay of pigs, drug running, overthrowing of democratically elected governments, hunter of whistleblowers, and many more insanely horrible acts against world peace. But as soon as Trump indicates they may be wrong or not 100% honest, Trump is the bad guy. Blows my mind.
There's a BBC documentary called the "century of the self" I suggest you watch it in full.
Edit: You need to drop this right vs left conservative vs progressive bullshit. It will prevent you from seeing what is right and wrong.
214.
Post 42338522 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.01h):
gonna be weird when people wake up and see it was never black or white, red or blue,
it is about being transparent or corrupt, centralized or decentralized and it works every time
People are not going to wake up when they are still willing to be told what is right and wrong by other people rather than thinking for themselves. This is why I mentioned that particular documentary, because it delves into that, which Hairy could benefit from listening to.
215.
Post 42340035 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.01h):
gonna be weird when people wake up and see it was never black or white, red or blue,
it is about being transparent or corrupt, centralized or decentralized and it works every time
People are not going to wake up when they are still willing to be told what is right and wrong by other people rather than thinking for themselves. This is why I mentioned that particular documentary, because it delves into that, which Hairy could benefit from listening to.
I’ll genuinely try to watch it.
That's good, I think you'll like it. It's 4 parts, so set aside almost 4 hours all up. It is basically about the history of PR and marketing spanning corporations but also politics. In the first episode there is a bit talking about getting women to smoke, that's where it starts getting interesting.
And of course it is on youtube.
216.
Post 42347829 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.01h):
USA intelligence is the thing you distrust the most of anything.
No, I distrust Putin more than the USA intelligence. Just move the White House to Moscow already.
And what would you prefer?
Another cold war with possibility of it turning into a hot war? or Peace between Russian and USA?
In my eyes peace is the preferable outcome. Not a debate about which intelligence service is more honest than another intelligence service (hint they are both dishonest). Stop being distracted by misinformation and focus on the important things. Such as a continued peaceful relationship between 2 very potentially dangerous countries.
The people of a country never gain anything from warlike behavior between nations. But, the rich and powerful do, think about that for a moment.
217.
Post 42348473 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.01h):
For anyone that has an opinion on Trump Putin meeting I would highly suggest reading this link
https://www.themaven.net/mishtalk/economics/mass-hysteria-vkQlQ1iuLEmF5S9-DqEx0A/
218.
Post 42354610 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.01h):
Not a debate about which intelligence service is more honest than another intelligence service (hint they are both dishonest).
There is no debate. The President of the United States should side with his own country.
His country are the people, over 300 million of them at last count. Not the intelligence service. Explain to me how an aggressive warlike stance towards a massive nuclear superpower will benefit the common man of either country? Will that help them feed their family, keep them safe?
In this situation you are either a warmonger or a moron to think that the 2 leaders of these nations should not be talking to one another in an effort to maintain peaceful relations. And, are downright disturbed to think that the intelligence service are his country. Especially with the proven criminal historical record of the intelligence service.
219.
Post 42648900 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
That's some nice art right there. Think I'll print a copy and hang it on my wall.
220.
Post 42782942 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.
When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.
If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.
Does anyone here think that Bitcoin is still having a large influence from the Chinese?
221.
Post 42784982 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things.
The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin.
222.
Post 42786434 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
The Chinese work as decentralized large nodes
competing against each other
great for bitcoin
Everybody confuses it with One entity, whereas though I am sure the state gets something
Whats scary is when you start hearing of miners being paid off and corrupted to switch bitcoin to BCH, but thats only a rumour
Right about the competition, it's all about face with these people. I personally find it disgusting and being that an in-law of mine is Chinese I get to see it in all its craziness.
miners being paid off, I hope not. But paying off won't work, they will take your money and still fuck you over, so that probably won't matter.
223.
Post 42786504 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
Forgot what this feels like.
Green dildos everywhere
yeah bit of FOMO going on I think.
224.
Post 42970163 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
weekend PUMP or DUMP ??
Looks to be starting off as a dump. But I'm hoping pump.
225.
Post 42972604 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.02h):
^
and the first 24hours ??
Im longing this, i gonna bet on a weekend pump.
Dont call me delusional
That's the spirit
226.
Post 43213932 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.03h):
god damn dumps
just fuck off already.
227.
Post 43517308 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.03h):
When I first heard of bitcoin price was in the $20s not long after it was at $266. 5 years later the price is at $7000. There is no way in hell I am fucking selling anything. I keep telling people if you want to see the future of bitcoin go take a look at the full chart history of Berkshire Hathaway. 100,000s is absolutely possible.
228.
Post 46902776 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.09h):
HAPPENING!!
Well - a Tether synthetic scam pump using fake money is what's happening.
Enjoy it while it lasts cos it will destroy us all in the end.
Pure speculation. Only time will tell.
229.
Post 46903030 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.09h):
walls are in on stamp, they are tying to keep it down
eaten
230.
Post 46903401 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.09h):
Tether is going down.
It’s a rush to the exits on BTC and taking everything else with it.
Tether spike down to 50 cents on Polo. Full blown Tether panic.
But is it, why now? why not before during massive crashes. If it is because of bitfinex losing it's banking relationships, this isn't the first time that has happened.
231.
Post 46904003 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.09h):
your own. full of doomy predictions and other rubbish
Honestly, you can't blame doomy predictions of Bitfinex on people. The place lacks transparency to a massive degree, so this kind of speculation is always going to be the case. Only time will tell, so far they have proved their skeptics wrong.
232.
Post 47321401 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.10h):
ShroomsKit was an ass hat! We could make a great hat for him....of an actual ass.
Seriously though, if he did actually sell everything at 400 he must feel lile killing himself.
That Brazilian professor ass hole too, I can’t remember his name but he was on here & aware of bitcoin very early on but publicly stated he didn’t buy. He must feel like a right dick head, so much so that he wss very active in writing many notes to the SEC to help stop an ETF being approved. It’s probably burning anger & jealousy that drove him to that.
Was the professor jstolfi, or something like that? He was a god damn laugh, pages and pages of dribble that he used to write up. I used to love reading his delusion, he really thought he understood everything and wanted to save everyone from being "scammed". Well suck shit to that asshat.
he always reminded of this old war proganda poster, I've made a slight edit.
233.
Post 47355772 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.10h):
In other news, Bitstamp is now going a couple of minutes at a time without a trade...
The stability is crazy, I don't think I have ever seen it this still before. I keep going to bed every night thinking is tomorrow morning going to bring a breakout. Surely something will happen this week.
Also can't be good for the exchanges revenue
234.
Post 47388888 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.10h):
does anyone wish it was still stable
235.
Post 47389058 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.10h):
and that's it, volume back down to nothing.
236.
Post 47789971 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.12h):
yep...but where be the newbies jumping in now for the next pump?
We don't need any newbies for the price to go back up. In fact I'd say in the last run-up, up until the 1200 ATH, there were not that many newbies coming into it at all. Mainly just the true believers buying their coins as usual. The newbies are what create the bubble, they probably only really started coming into it a few months into 2017.
Eventually the true believers eat up all the sellers coins, and then the price slowly goes back up as only the miners coins are left to purchase. ATH breaks, then come the noobs.
237.
Post 47860187 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.12h):
I’ve started buying again recently, 0.05BTC here and there. It’s not a lot these days but I’m just adding to the HODLED stash whilst prices are what I consider low.
I'm doing the same, every payday. Same amount too.
238.
Post 48054318 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.13h):
well shit, starting to look a lot like December 2014 with the big drop down. The only thing that has me concerned this time is that after the drops we arn't really getting a decent bounce back. Bounces a little, then just flatlines with low volume, can't be a good sign.
Did the 2014, 2015 period have more demand, hence the bouncebacks after declines with no flatlines? or was it just easier to move the price because the price was lower?
Anyway not a good day for us types, just hoping that it reaches a bottom soon.
239.
Post 48056886 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
well its still looking like a disaster out there. No solid bounce.
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
240.
Post 48056939 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Went from $1200 to about $150.
Went from $20k to about $3-4k to repeat pattern?
Holding.
yeah, but, looking at the charts there seem to be lots of buying still taking place on those low periods, I haven't seen that for a while here. We get bounces, however they are very small and flatting out quickly with no follow through volume. it's the volume that has me worried, what was the volume like in 2015, I can't remember?
241.
Post 48057058 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
well its still looking like a disaster out there. No solid bounce.
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.
I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?
242.
Post 48057135 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
The bottom in October 2015 was actively fished for with bear raids. It wasn't really much to do with cost of production seeing as how bitcoin cost of production is completely variable. It was really pounded into the ground hard to try and find it. Nothing like you saw then is occurring right now. It was stable sideways, pounded into the floor, then instant rebound. There's absolutely no springboard effect rebounds going on on this shit nowadays.
Too soon..
So you think it still has further to go before a similar market will develop?
243.
Post 48057223 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
So you think it still has further to go before a similar market will develop?
I think it's too soon to tell if their will be a bounce like he said their wasn't.
I think it could hit as low as 3k and we will still be on our way to another moon shot to $100k.
I expect the pattern after $1200 to repeat itself, but likely with less dead time from this bottom to the next pump.
If it goes below $3k much I may feel the pattern of successive pumps may be over, maybe $2500.
the pattern of successive pumps ending is my fear too. I figured it wouldn't due to the halvenings and the fact that the legacy financial system is so fucked up. Therefore, eventually there will be a consistent move into btc.
I hate doubting btc, I did the same thing in 2014/15 and I am starting to do it again now.
244.
Post 48057430 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Why the hell isn't XRP tanking like others?
Because, it is truly the next bitcoin.
Because they created 100 Billion of them but only distributed 40 billion. Lots of centralization and not mine-able.
Every now and again I consider changing what is my most hated shitcoin. But ripple always maintains the title.
245.
Post 48057630 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
The falling knife is usually caught quickly. We have been lingering at the bottom of the dip for too long. Too suspicious. Waiting for the CCI to get into the positive. Choppiness index and BB are my favorite reliable indicators for breakouts. And both are pointing south. Not good. Bull traps ahead.
Exactly. This lingering is a real problem I think it seems to mean that the sellers are done for now, but there are no buyers at this price, so will eventually go down again when more sellers arrive
246.
Post 48057679 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
I said before, I am of the opinion that 4650 will hold.
Still confident?
247.
Post 48057836 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Fresh from Masterluc Telegram:Google translation:
...
In general, the correction is delayed by a little more than a year.
The alarmists will be left without pants, and enky will soon go to Long. And I do nothing. As always
the master saying something actually helps with my nerves. Has enky still been bloging about btc? is he actually going to go long
248.
Post 48059695 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
well its still looking like a disaster out there. No solid bounce.
I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?
Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.
I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?
It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?
Sure, but I'm curious on a few things, specifically the price rallies during that time and lack of flat movement. The lack of movement (flat periods) may of been there, I just can't remember, but we are certainly not getting many rallies. There was a big one after it hit 150 and the price, then down to 220 area then up to 300 then back down to 220, then back to 300 then back to 200, then the rest is history.
It seems to me that there was the volume and maybe a few new entrants back then to do it, my concern is that I'm not seeing that right now, I guess we could just be too early in the cycle.
249.
Post 48060138 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
looks like another drop incoming, I'm getting tired of this shit
without a doubt we are going to 3000
250.
Post 48060263 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Buy order money stacking up on bitstamp. Up 45% 69mil since the drop from 6400.
Either that money is readying up or its a trap.
Hodl my beer, going to check
I just keep expecting the worse.
what prices are these at
251.
Post 48060390 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
good fucking grief
I'm out for a sleep shift, fully expect to wake up to a 3 handle
don't do anything rash guys
yeah me too
252.
Post 48060399 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
At least the band-aid isn't coming off slowly.
That's the only good thing here
253.
Post 48060449 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
prepare your selves (emotionally) for 2-3k
I don't want too, good advice though I think.
4500, fuck it.
254.
Post 48060498 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
what pisses me off about this whole thing, is the people who celebrate it.
Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.
255.
Post 48060760 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
what pisses me off about this whole thing, is the people who celebrate it.
Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.
Most don't realize that. Most saw 100% price increase and started thinking "I want a lambo...time to buy some of this bitcoin thing".
The reality is...no matter how much things are advancing, less merchants are accepting bitcoin. Mainly thanks to Coinbase dropping their merchant sector and Bitpay switching to BCH.
The whole point of bitcoin is slowly degrading. I used to be able to live on bitcoin. Now I'm paying for hotels online with a credit card.
This is kind of disturbing, I didn't realize that it is getting harder and not easier. You've been here for a while Elwar, what do you think of the future of btc and it's prices?
256.
Post 48060789 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Blockchain is not bitcoin though is it. So does that really help?
257.
Post 48061675 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
I think this has shown that we're going into yet another crypto winter. Last time it was over 2 years.
Remember, the last halving was 2016. The price didn't start rising until a few months before the halving.
Next halving isn't until 2020. So strap yourselves in...take a break from the bitcoin price...or plan out your next 2 years to gather as much bitcoin as possible.
Personally when it did this last time I told my boss that I would take whatever shit job he had anywhere in the world as long as it paid a lot of money. I got a job in Afghanistan and made a lot of money which I poured into bitcoin. Also, google minimalism. Downsize your life to a suitcase.
Thank you for the advice, I already live like a pauper so I can't minimize anymore. While I have a sizable sum in btc, I do have more in other areas so it's not like I'm all in or anything, I can definitely wait tiill the next bull run and 2020 is nothing really.
I'm guessing by your response, you are still positive despite, what you see as btc getting more difficult. If true, this does make me feel a little better, as doubts are starting to creep in, same as in 2015 funnily enough.
Afghanistan is a worrisome place, I'm glad you got out.
258.
Post 48061799 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
What depths do we fall to today, $3,000?
The defib isn’t working. Is there a fucking pulse left in bitcoin?
3 figures genuinely looks possible right now.
I'm thinking 3000 without a doubt (fucking hope you are wrong about 3 figures). Yeah no pulse, I won't feel better till I see a pulse again. Looking at the chart from November 2014 to January 2015, shows very little pulse too, so it could take a while. I'm worried it doesn't come back though
259.
Post 48061818 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
The price will drop until buying morale improves.
This increase in volatility is absolutely the best that could happen. Bitcoins without volatility is either 100% domination or the project being dead.
We are watching healing in process.
you're probably right, but, doesn't make it much easier at the moment.
260.
Post 48061957 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
(Extreme) panic has set in for me without doubt. Wish I’d sold it all at $19,000
Everyone always wishes they sold at the high. I have a target price since I bought in 2013. I won't sell any stash till then and will ride it to zero if I have too. I just don't want too.
lmao..
when it was 20k, these guys were saying hodllll.
now it is 4.5k, they are still saying hodllll.
so sad.
Well dick head, go look at the chart of bitcoin price since it started. those hodlers have done pretty damn well for themselves.
261.
Post 48062481 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Lmao. You are a real moron who contradicts himself in the same post.
I am not a hodler. I am an investor. I bought BTC to sell it to make money not to marry with it like you guys. I bought it at 8k, sold it at 17k.
But you hodlers, bought it at 1K, 2K, it reached 19K you still didn't sell it. Now it is 4.5k, you are still not selling it.
So who made the money now? Hodler or investor?
Anyway, wait for another 2-3 years until BTC reaches that level again so you can sell to make some money after hodling for 5-6 years.
If that's the case, your profit then pales in comparison to mine.
262.
Post 48062880 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
If that's the case, your profit then pales in comparison to mine.
Everyone always wishes they sold at the high. I have a target price since I bought in 2013. I won't sell any stash till then and will ride it to zero if I have too. I just don't want too.
Wow, so which is it, did you hodl, or did you sell?
Getting closer to that 1% target on that info graphic I fixed earlier
I do both, but all profit goes back into more bitcoin, hopefully when the price drops (I absolutely consider myself a hodler though), but, I do have separate stashes for this, and I buy every pay day but I only started doing that when the price got back into the 6000s.
I did not sell at the top. I wish I did, but I thought it would get to my price, I was absolutely wrong there.
my goal is to grow my stash until ultimate price is reached then sell a portion. That portion will be for living and diversification. The remaining portion never gets sold, but I may buy things with it if buying with btc ever gets to be a common thing.
263.
Post 48063329 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
I do both, but all profit goes back into more bitcoin, hopefully when the price drops (I absolutely consider myself a hodler though), but, I do have separate stashes for this, and I buy every pay day but I only started doing that when the price got back into the 6000s.
I did not sell at the top. I wish I did, but I thought it would get to my price, I was absolutely wrong there.
my goal is to grow my stash until ultimate price is reached then sell a portion. That portion will be for living and diversification. The remaining portion never gets sold, but I may buy things with it if buying with btc ever gets to be a common thing.
Thank you for the nice explanation. Sounds as though your strategy is working rather well then.
I could have done much better, and it still all depends on if this thing goes up again. I'm a btc fanatic, so think it will, but history is littered with the corpses or fanatics. Of course I'll be fine regardless, it would just suck if it never comes back.
264.
Post 48063375 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
The price will drop until buying morale improves.
This increase in volatility is absolutely the best that could happen. Bitcoins without volatility is either 100% domination or the project being dead.
We are watching healing in process.
Buy when there is blood on the streets, sell when people are greedy.
This is why I refuse to sell anything at the moment.
265.
Post 48064006 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Down we go again, 3k soon?
3 k baked in I reckon, though there has to be a chance of at least a temporary short squeeze after this kind of fall.
266.
Post 48064213 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
This is a disgrace. Somebody fix this shit
the beatings will continue it seems
267.
Post 48064297 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Interesting to see what happens when the US wakes up I think.
268.
Post 48064550 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Interesting to see what happens when the US wakes up I think.
It's like a bad dream, almost. Maybe no one is sleeping, and just watching and waiting
As I said before... I feel like Nero watching Rome burn. That's the only way I can describe it.
P.S.: Rome is my stash, and Nero is the retarded myself.
P.S.2.: Where is Rosewater?
Does feel a lot like that
269.
Post 48064582 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Daily RSI is 10, never been this low in BTC history. Talk about oversold !
crazy, I got to check that. Seems like there should be a bounce soon.
edit: been lower on the weekly though, not much but a little. Amazing to see.
270.
Post 48064675 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
a lot of volume on the 15 min, may temp bottom soon.
271.
Post 48064695 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Interesting to see what happens when the US wakes up I think.
It's like a bad dream, almost. Maybe no one is sleeping, and just watching and waiting
As I said before... I feel like Nero watching Rome burn. That's the only way I can describe it.
P.S.: Rome is my stash, and Nero is the retarded myself.
P.S.2.: Where is Rosewater?
Maybe he sold at $6,350, and he is waiting to buy back in?
But how is he going to know when?
Is $4k good enough?
How about $3500?
$3k?
Surely we are not going lower than $3k? Are we? You think that there is that much froth that needs to get purged?
I just wonder where they get all the coins to sell? Regular peeps are jumping on board, too?
First we get the institutions dumping so they can buy lower, but we still have regular peeps to join in. Have they joined in yet?
Difficult to know with any certainty.
I don't think noone is "joining" right now.... I wouldn't, why would they?
buy orders being tripped mainly I would think.
272.
Post 48064844 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
I'm not going to stop watching this shit till I see a bounce dammit.
273.
Post 48065112 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.
That's true, but, it still feels like shit for a lot of people.
274.
Post 48065151 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Snapback, confirmed.
not strong enough yet to be anything but temporary.
275.
Post 48065471 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
276.
Post 48065733 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
I think that CSW asshole shorted the market big time before engaging in the ridiculous war against Ver/Jihan. He always knew he couldn't win.
wouldn't surprise me, socio/pschopaths like to destroy everything they can't control or win over. If that is the case I take solace in knowing that he will fail. Watch where he is in 10 years, he'll be out of this industry and trying the same shit with another. The guy is a con man.
277.
Post 48066268 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
no follow through on this little pullback and no volume, prepare for lower prices
278.
Post 48067821 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.14h):
Is now a good time to buy?
its better than what it was a week ago. mind you might be an even better buy in a week. if your in for the long term, just buy some at regular intervals, no matter the price. Every payday is what I do
279.
Post 48196002 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
So I wake up, and think I think there's usually a dump at this time, I better go check the price. Damn it, I hat e being right some time.
Anyway according to a lot of people $3000 is buying zone, is anyone buying though. I will buy every payday as usual, which means when the price goes down I get more btc for my money. Yay, at least there is that.
280.
Post 48196366 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
What the fuck is going on?
Does the whales know something we don't? Is there a fukiing reason for this Carnage?
Its a market cycle. Wait a year and we will be back in a bull market.
But keep buying at a regular interval, so you don't regret not being brave during the bear run
281.
Post 48196418 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
I think we have definitely hit capitulation. Even I who has since $19,000 thought every dip would recover and noting was a downtrend think we're going even lower.
Me too
282.
Post 48196602 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Are we even going to recover from this?
It’s like a fucking avalanche over the last couple of weeks.
Its gonna take time man, and we can lower still. At these times you have to ask yourself 'am I a true believer in what btc is and can do' if yes you have to just weather the storm, it will be painful, but eventually the price will go up again. It always has, and bitcoin is mathematically designed to keep going up in price over the long-term, providing there is continued demand (doesn't even have to be increasing demand).
283.
Post 48196748 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
But keep buying at a regular interval, so you don't regret not being brave during the bear run
Each to their own, but I'm a believer in patience in a bear market. Jumping in too soon is the automatic response. I'll buy in 2019 when that response is exhausted.
a lot of people buy a little each time they are paid, I don't think that stops at any point. But, you may stop seeing people say it I guess.
284.
Post 48196767 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Approaching support zone
Possible bounce zone too
If BTC recovers as soon as it crashed, it's going tp be amazing
I just can't see that happeining
285.
Post 48196825 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Hey Hairy, This fits, I think we will find a bottom soon.
The problem I have with this is there has been no bounces in months, just flat and falling, that can't be good
286.
Post 48197132 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
order book on stamp is looking a little skewed.
287.
Post 48197192 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
bitcoinwisdom, for stamp is saying 2000 coins bought price goes up 40%. 2000 sold goes down 5%. anyone want to buy 2000 coins?
288.
Post 48201385 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.
It is very hard to quickly turn around an aircraft carrier sailing at 30 knots. Not impossible but very hard.
Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price.
289.
Post 48201418 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
4k bitcoin buy wall on Bitfinex at $3,500.
All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.
This is not cool.
looks like we'll be getting down there soon
290.
Post 48201451 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
whats bothering me is the lack of any bounces for months now, flat or down, that seems to be it.
291.
Post 48201483 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
$3638 on Bitstamp is the bottom of my little triangle. If we break that on Bitstamp, good chance all hell will break loose again.
doesn't look good
292.
Post 48201529 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.
Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.
I hope you are correct
293.
Post 48201583 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
below 3638
a lot of coins being bought here though
294.
Post 48201635 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
any guesses for when this thing hits 2000s?
Edit: bounce bitch, bounce!
295.
Post 48201997 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
below 3638
a lot of coins being bought here though
possibly the same amount that are being sold?
exactly, but, price not moving so lots being bought at this level.
296.
Post 48202032 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
How is Bitcoin going to climb back up to its glory days? Unless we have some sort of MAJOR news about Bitcoin, I kind of don't see a second hype. Getting back to the top might take years without any hype.... I mean basically when it becomes almost unmineable, or we reach the cap then we will start to see a somewhat linear steady rise. We are losing the hype, people.... What do
to be fair, nothing made the price go up in 2015/16. It just kind of started happening, I remember not believing in it at the time, kept on thinking it would go back down.
297.
Post 48203299 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Trying to time the bottom is not smart. Those calling for 2k prices will most likely be left behind and won't buy until the bulls come back and the fomo kicks in. Always cost average.
Also for the married guys, lol. Who the F#$@ gets married.?
In 2015 it didn't matter if you bought at $150 or $300 provided you hodled. There were "experts" advising waiting untill double digits before buying.
Buying in at today's price is better than buying in at $20000.
Yeah this is the way I look at it.
excluding trading, I will be hodling like always and buying more every payday. The more we go down in price the bigger my btc purchases are with the same amount of fiat.
298.
Post 48207937 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
What bothers me is we are getting well ahead of schedule. We shouldn't be into $3k before January.
We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.
Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.
I hope you are correct
Hope is for church... Here i.r.l. we do facts...
and how are the current facts treating you?
299.
Post 48207976 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
That first bounce is a bit optimistic don't you think?
300.
Post 48208662 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Expected to wake up to some sort of recovery but no, we’ve tanked even further $3,594.
Can we confirm this is capitulation yet?
I’ve got £40,000 fiat savings, was thinking about buying in maybe another £10,000-£15,000 worth but I don’t think I have the heart to see that evaporate into -50% or something in about a week.
Think I’m going to stick with my HODL stash & buy £250 bi-weekly as planned.
This market is a black hole atm.
stick to the weeklys, big chunks well kill you emotion wise if it continues down.
301.
Post 48209448 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Hmmm I thought we were done at $3600.
Next support is $2,900 to $3,000. Should be heavily defended.
If this doesn't bounce, were basically screwed and all crypto with it
Yeah this is pretty shocking, I thought after seeing 2014/15 that nothing could get that bad. but, this drop is the worst I can remember purely because of the lack of buying volume. not 1 damn decent bounce yet. I don't know what to make of it, but its not good.
I am starting to think that the whales are probably even more scared than we are. Maybe no one is going to save us this time. At least not yet.
Yeah I've never seen it like this before.
302.
Post 48209521 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
which exchanges have troll boxes these days? I wouldn't mind checking out the comments to gauge the panic
303.
Post 48209607 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Well, i hope that these prices not only shake weak hands, but cause a large drop in difficulty as well, making mining not even more profitable, but more BTC for my hash... What most of you guys are doing with Fiat, i'm doing with mining... I have a cheap location with power included, so the more it goed down and miners quit, the more miners i buy cheap and install..
Maybe halfway 2019 bullrun can start if you ask me...
Thanks for the comment, good to hear from a miner. Do you have any idea of what breakevens would be? not just for you but for others
304.
Post 48209804 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Well, i hope that these prices not only shake weak hands, but cause a large drop in difficulty as well, making mining not even more profitable, but more BTC for my hash... What most of you guys are doing with Fiat, i'm doing with mining... I have a cheap location with power included, so the more it goed down and miners quit, the more miners i buy cheap and install..
Maybe halfway 2019 bullrun can start if you ask me...
Thanks for the comment, good to hear from a miner. Do you have any idea of what breakevens would be? not just for you but for others
well, with these prices falling faster as a rock, i would have to calculate it every hour.
But if you ask me, we're already past the point that's making mining even profitable...
I have my gear paid for, so thats already written off and paid by itself, and my location is not free, but its quite cheap. At this moment i need 4-5 miners running for its cost. each month. So, if price halves from now, i need 8-10. Still profitable (for me) So i have a large breath to go... All the extra mined BTC i put into my stash and hope for recovery.
The more miners quit, the faster my stash grows....
Thank you again, great info there. I'm hoping that things go well for you and some miners quit.
305.
Post 48209837 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Current price level is a lifetime opportunity that should not be missed!
Lifetime opportunity is also what they said at 8500 and 6500. Good luck catching this dagger!
I've caught the dagger at $4 falling from $32.
Then I've caught the dagger at $50 falling from $260.
Then I've caught the dagger at $190 falling from $1100.
Now I've caught the dagger at $3500 falling from $19000!
Glorious, and I love that you still come here to comment.
Edit: After your comment I decided to buy a little bit.
306.
Post 48210036 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
which exchanges have troll boxes these days? I wouldn't mind checking out the comments to gauge the panic
BitMEX's Trollbox can help you with that.
god damn! looks like a massive battle on the bitmex page with all the flashing green and red.
307.
Post 48210251 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Btw I know it was a dead exchange but still, does anybody realize wex.nz (old btc-e) is down since 22/Nov?
https://coinmarketcap.com/exchanges/wex/R.I.P.
(when you say, trollbox, there is only one. btc-e, that's why i wanted to check and...)
Yes I have fond memories of those guys back in 2013. I think its a shame they are gone.
308.
Post 48210349 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
need the bounce to get to 4200 or it is nothing
309.
Post 48210667 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
310.
Post 48211151 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Since the price is down and there’s panic in the air, I thought I’d revisit my convictions in hopes it may help someone in whatever way.
BTC is an act of resistance and resistance entails suffering, it requires self sacrifice and excepts that it may be destroyed. Bitcoin is not about happiness or money, it is not rational, it’s about freedom. For me bitcoin is almost a religious experience in a way that I achieve a personal peace knowing I resist evil. Namely the 1% who seek globalization of corporations through capitalism. In today’s world it is abundantly clear that capitalism consumes immeasurable amounts of life from the bottom up leaving slavery and destruction in its wake. It is destined to implode with the absence of new markets to feed from and drag the majority into debt and despair. Bitcoin is the only idea I’ve seen which by design attempts to correct economics out of balance.
Until a time where bitcoin no longer serves to liberate, I #HODL
I am with you
311.
Post 48237456 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
I think this uptrend is just temporary.
The next 10 days will be critical... it could crash again imho.
I think the last 12 hours have been a piss poor performance by the bulls.
yep not enough volume on the rebound and flattening out at the 3900-4000 area, we're going down further this week I think. At least to the recent lows.
312.
Post 48237543 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Need to break this down channel
313.
Post 48238391 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
below 3638
a lot of coins being bought here though
$2500 test soon...!
weee
Not sure what’s more annoying...
Bitcoin crash or your useless posts. I’m leaning towards the latter.
The wee thing is beyond worn out .Give it up.
Seriously, just give it up already.
It's his/her/it's signature move.
Can be annoying, but is it really worn out?
Can a guy/gal or bot wear out a signature move, even if such move is annoying as fuck?
Certainly we know a keyboard can be worn out
I'm wondering where the weeeee thing is from exactly? is it actually a thing that people say sometimes? because I also saw it in a Japanese anime called Rosario + Vampire, in that show there was a bat that would always go weeeeeeeeeee a few times every episode. I thought it strange at the time.
314.
Post 48240565 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.15h):
Big crash, my ass! Look at the books in BFX - 20K BTC in buy offers till $2500 vs only 5KBTC till $5300. At the same time SV is pumped - versy suspicious. I guess CW sold every BTC he had just to give 1 more day life of his shitcoin before it dies forever! Now, we are in a very good starting position. Weak hands were robbed and big trio scammers - Ver, Wu and Wright is out of Bitcoins. No need to be a prophet to predict that a bull run is imminent. I can't wait to get my salary next week to buy some more!
This post was yesterday when we were at 3700$ (BFX). Now the first part is fulfilled, I expect to reach 5k$ range soon. We are in a good position not only to recover the drop from 6K but to break the falling wedge pattern from the beginning of 2018. If bakkt starts and as promissed offers more than futures contracts (namely as regulated crypto exchange that can store in warm and cold wallets the bought bitcoins, which have theft etc. insurance), we can quickly break the main resistance at 8400$. This will start the next bull period, which will last at least until 2021. Also there is a huge possibility that in December the new commisioner in SEC might be in favour of ETF. We need only 1 more voice, since it seems we currently have 2 in favour. Interesting times are coming and the weak hands will suffer much when they see prices with 5 digits.
I like your story
315.
Post 48265481 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.16h):
So I've just spent the last few hours scanning through the posts on this thread from mid December 2014 to mid January 2015. It is amazing how similar everything was back then to how it is right now. I recommend any one who is questioning bitcoin right now to go read those posts, you will see that this time is no different to back then and the lesson I learned is buy more coins.
I particularly like some of the comments from the members who still comment now. here's one from LFC_Bitcoin which I find interesting because I think he feels the same now as he did back then
Blood in the streets.
Is anybody going to buy?
I'm a lot of $ down but would anybody recommend buying now?
My favorite comment though is this one
Is crypto done??
No. Crypto isn't done.
But Bitcoin is.
Bitcoin will drag everyone down with it. But crypto will survive.
We need a crypto that can serve humanity's needs for the next 100 years. Bitcoin cannot do this. It's unfortunate that Bitcoin has died, but it has to be this way. Bitcoin achieved so much. No other crypto would be where it is today without the achievement of Bitcoin.
Requiescat in pace.
316.
Post 48266375 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.16h):
So I've just spent the last few hours scanning through the posts on this thread from mid December 2014 to mid January 2015. It is amazing how similar everything was back then to how it is right now. I recommend any one who is questioning bitcoin right now to go read those posts, you will see that this time is no different to back then and the lesson I learned is buy more coins.
I particularly like some of the comments from the members who still comment now. here's one from LFC_Bitcoin which I find interesting because I think he feels the same now as he did back then
Blood in the streets.
Is anybody going to buy?
I'm a lot of $ down but would anybody recommend buying now?
My favorite comment though is this one
Is crypto done??
No. Crypto isn't done.
But Bitcoin is.
Bitcoin will drag everyone down with it. But crypto will survive.
We need a crypto that can serve humanity's needs for the next 100 years. Bitcoin cannot do this. It's unfortunate that Bitcoin has died, but it has to be this way. Bitcoin achieved so much. No other crypto would be where it is today without the achievement of Bitcoin.
Requiescat in pace.
Ahhhh bro, at that point I think I was more than 50% down on what I invested. Thinking about it that was a lot worse!
Even now I’m still at over 15 x what I’ve put in.
I guess it just proves, stick with it & we’ll be ok in the end.
HODL on man!
Will do mate, 40k is my goal to sell about 30% of my holdings. The rest stays in for ever, unless of course we get a massive bubble after that to >100k, will sell a little more then.
You know, I think you and me bought in at roughly the same time and roughly similar amounts. Hopefully, we also roughly retire around the same time. I'm predicting 2020/21
317.
Post 48266762 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.16h):
@somac. - I predict the same, 2021 mid year so Q2 or Q3. I’m hoping to sell around 30-50% then which will see me never having to work again.
Like you said, the rest will stay in cold storage forever with the possible, occasional dip into for luxuries.
Fingers crossed hey!
Spot on!
318.
Post 48268780 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.16h):
At this stage simulation theory makes as much sense as any other.
someone wrote (sorry dunno who, science fiction author perhaps?) that we arent in a simulation. main reason being that irrational numbers exist. like pi.. something so universally used in nature that a simulation would waste vast amounts of computing power to model it. so basically, in a simulation, no irrational numbers would exist as it would be a poor design for a simulation to include such things.
Unless... that's what they WANT you to think! Maybe, outside in the real world, there are numbers that make what we call irrational numbers look entirely rational.
If it was a simulation all the weird shit people do wouldn't be programmed in, I mean really, who would program r0ach in?
Answer is the Jews right?
319.
Post 48295024 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.16h):
You guys!
Are you ignoring the price on purpose?!
They're all busy pretending they wouldn't bang all 4 of those girls for obscure reasons, it's like a damn episode of Seinfeld.
The price is nice by the way, but needs to go a bit higher yet.
320.
Post 48320740 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.16h):
Happy to see today is looking like it's off to being a positive day for price.
Yeah looking good, but, I am noticing that the order book on stamp is not as strong (buy side) as it was. Looking at bitcoinwisdom I can see that the sells and buys have almost equaled out. So buy orders have not been following the price up, but, neither have the sell orders been following the price down. Could be that the sellers are running out of ammo.
321.
Post 48367560 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.17h):
ah back above 4k, feels good
322.
Post 48367731 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.17h):
Greetings to all, I am glad to have found this thread, allow me to tell my little relationship with Bitcoin, I started in August 2017, I have a few years and my investment was important for me, I believe in the Bitcoin function, thanks to the or not the leadership has achieved something very important, be the first cryptographic currency and this will never be taken away, it will always be the first.
My notions in AT, ATH are not very good I move observing how the prices unfold, for my Bitcoin does not understand of AT, in the phase that we find the logical thing would be to descend to $ 3800, if it does not hold it will fall close to $ 3000, Here I will buy more, if I lose 3000 I will continue buying.
I will continue reading your comments of course more technical than mine, good luck.
Although now it goes up, we are going to trade !!!
Good to see that you haven't quit, I'm sure a lot of newbies have (get rich quick types). It is the newcomers like you that help make bitcoin bounce back. After every boom and bust we get stronger with more supporters. Bitcoin is a revolution, it takes time, but our end destination is a safe haven from the tyranny of governments and powerful. With the added benefit of getting rich
Don't worry about the price too much, providing you are actually in this for the long haul the lower it goes the better it gets since you can then buy more bitcoin with your fiat.
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Post 48411103 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.17h):
I wouldn't usually post unrelated bitcoin articles here, but I think people might enjoy reading this and passing it on. It's regarding the real lefts immigration stance, rather than the fake left that is brought to you buy corrupt government and business.
https://americanaffairsjournal.org/2018/11/the-left-case-against-open-borders/
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Post 48442032 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.18h):
Don’t gonna bother you with sending $worth beer.....
Will get one when i see you in Belgium or @that 100K party
Have Fun with sending to all the other of that long list
yeah bob, save mine for the 100k party. I won't go so your beers can be on me
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Post 48502096 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
things are grim
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Post 48502589 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
looking at the order book on bitcoinwisdom (stamp) shows a lot of buy orders, a wonder of that will hold.
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Post 48502605 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
This is not free market behaviour.
Theres a mad "professor" dumping his bags. More than any buyer can absorb.
if Ver and Wu were smart they would give up on ABC, dump both ABC and SV, and buy Bitcoin. that would fuck faketoshi over
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Post 48502642 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
This gives me hope
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Post 48502663 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
if Ver and Wu were smart they would give up on ABC, dump both ABC and SV, and buy Bitcoin. that would fuck faketoshi over
What price pride?
Higher, most likely.
Depends whether it slides into survival. My willy is telling me that they haven't made their move yet.
seems like they are doing nothing
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Post 48502880 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
Something positive:
Indicators say its quite oversold so chance of a bounce is there
My guess is heavy defense @$2900. One more pump up. Then capitulation.
yer if no recovery soon 2.8 - 2.9 then massive rally
hate to say it but that might be a better option
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Post 48503320 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
this is the pause before another dump I'm guessing
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Post 48504271 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.19h):
Orders slowly getting filled.
Where are those fomo'ers when BTC is going up? Now is the best time to buy.
I don't really get it. This is the perfect opportunity.
Buy low sell high. That's you.
FOMOs buy high sell low.
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Post 48641288 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.20h):
I don't know if anyone here makes much use of archive.org, but I dabble around with some old 80s computers every now and again and their wayback machine is very helpful for this hobby. In particular, finding old sites that no longer exist. They also have a large collection of old computer magazines that are also a great help.
Anyway, they are looking for donations at the moment with some rich donor matching all donations, and they accept bitcoin, so I decided to send then a bit. Some of you here might be interested in doing the same.
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Post 48676818 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.20h):
When it comes to the exchanges I think bitstamp is the one that best represents actual demand, and the thing that I have noticed since we have been down into the 3000s is that the order book is heavily skewed to the buy side. It has been like this for weeks. When the price does go up the buys don't follow, but neither do the sell orders follow when it goes lower. I think we are at or near an equilibrium in the buy and sells at these levels.
look at how skewed the order book is below
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Post 48690338 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Very sad news, Tim May was a great man.
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Post 48690426 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Silver bubble continues to break downwards from blow off top in 2011 (when Roach bought the top because he’s dumb and greedy)
but but but but silver is how you stop dem damn jews, nooooooooo!
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Post 48698190 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
This is my best case scenario. Purple line is 200 MA Weekly. Under this scenario we break $6k in early 2020, maybe late 2019.
New ATH in early 2021 is probably more than what many people would ask. Right now some people must be swearing that they are going to get out and never come back once they hit the price they bought in.
This happens to most people (happened to me in 2014, I know how it feels) especially if this is their first time investing in a high risk/volatile asset like bitcoin.
Exactly what I said to myself in 2014 after being over 50% in the red. All of a sudden we hit $19,xxx & I’m literally over 60 times my total investment........then greed took over & I sold fucking nothing.
It won’t happen during the next epic bull run, I can promise you that
I bought in after the cyprus bubble, I said to myself back then I'd cash some in at 40k. Then the Dec bubble happened that same year. After that popped, I said to myself "next bubble I will sell some then buy in again. Problem is I was calling a bubble at 1800 then 2800 the 5000 and so on, basically I can't tell the top of a bubble for shit, so I'll keep waiting for 40k. Moral of story, wait till your target is hit, because picking the top of a bubble ain't easy, and if you sell too early it's likely you'll panic buy back in.
This is my long-term stash by the way, I do have other amounts that I buy sell more frequently and also for shit coins.
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Post 48779651 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.
At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.
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Post 48780259 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.
At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.
Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...
Glad I'm not alone in my thoughts. I need a pic before a hat though, and merit does seem to be an uncommon commodity.
Only problem with the orders at the moment though, is that the buy orders aren't really chasing the price, but, the sell orders are not following the price down either. What's more, looking at this price increase, not many new sell orders are being added either. So I really do think the bulls have it at these levels. I'd say that at worst we will now be repeating a 2015 sideways to slightly up market.
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Post 48780325 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Ironically it’s the longs that are evaporating. Ratio massively skewed to short side. More rocket fuel for squeezes. Very crowded trade.
yes those shorts are still massively high, even after this pump, I was surprised at this.
https://www.tradingview.com/symbols/BTCUSDSHORTS/
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Post 48780542 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Guys, another thing to look at regarding fundamentals are the new USD stable coins. These are considered "honest" and I think they will help show how the inflows of actual money into the market is going. This will be represented by their market cap, and it is currently looking very nice.
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Post 48780668 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.21h):
Someone on here said a few hours ago that shorts had closed and reopened higher iiuc. Is that right? How can we track that?
Unsure about the shorts, but Bitstamp's sell order book seems to have done this, or alternatively has not been added too. At $3200 order book was saying 2800 hundred coins bought to reach $4400 (+35%) it is now saying 1600 coins bought to reach $5185 (+28%). Unfortunately, it is currently showing 1600 coins sold will take the price down to $3300 (-19%), where as when price was $3200 it said 2800 coins sold would bring it down only 4%
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Post 48811594 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.22h):
It sure looks the same to me Jay.
Of course, might look the same, in terms of the history, and that is fine, yet my question remains how much value you going to place in the future playing out the same way? And, are you going to put your money on that? Description is one thing, prediction is another thing, so my main point remains that there is danger to put too much weight on predictive value and even making dumb-ass assertion that you know how the future is going to play out, even if there are high odds of such. Maybe you will assign 80% to such occurrence, and maybe someone else like me, might assign 45% to such occurrence. In the end, I am not going to stop criticizing folks who make proclamations that seem to be assigning (or even implying such) too high probabilities to such scenarios, even if such scenarios actually play out or even if I also believe that such scenarios are the most likely of outcomes.
Here's the thing, in 2015 was there a global asset value crash? because that is what 2019 is looking like, so btc could do anything next year. No way I'd put money on a repeat for this reason. Maybe it will be a safe haven, and price will rise substantially, maybe price will go down as people need fiat to fund loss of job and equity from other assets.
Either way, financially, shit is going to be very interesting next year.
A contact of mine who works in finance just asked me how he could buy 30,000 BTC on behalf of one of his clients
So uh anyone want to do an OTC give me a PM. Introduction only, DYOR yadda yadda
I told him to go speak to Cumberland as well.
Maybe this is a safe haven play and we can expect more. They can't steal your btc but can steal from your bank account.
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Post 48978296 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.23h):
Proof of keys? I control my own keys thank you.
Trusted third parties? Isn't that an oxymoron?
I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.
Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.
Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.
This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.
I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?
So paper wallets (encrypted I assume) are the only thing that you consider to be absolutely safe? also how do you create them? live cd on normal net connected pc (disconnected when creating paper wallet), some kind of specialist device, or air-gapped computer that has never seen the internet?
Does anyone else here think ledgers or trezors are insecure? would choosing your own seed for them, rather then random one provided on setup of device, help you feel secure with it?
I used to use paper wallets but now using a hardware wallet, wondering if maybe I shouldn't.
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Post 48978475 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.23h):
So paper wallets (encrypted I assume) are the only thing that you consider to be absolutely safe? also how do you create them? live cd on normal net connected pc (disconnected when creating paper wallet), some kind of specialist device, or air-gapped computer that has never seen the internet?
I use an old computer with no wifi adapter, no ethernet cable, and a printer that has never been connected to an internet-capable computer.
Print spoolers can be hacked.
For ultimate security, keep multiple encrypted copies offsite in multiple locations.
Ok, one more question. Have you got things setup in a way that if something were to happen to you your family could access the coins? This is a big concern of mine.
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Post 49001716 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.24h):
"Hedge fund managers posses unique insight, into emerging client sentiment and into capital flows that are not yet printed. As a manager of cryptocurrencies with multiple digital asset offerings, we consider orderbook information a key component of our strategies. Firsthand observations of these cryptocurrency orders over time supports our conclusion that Bitcoin's December 2018 price of $3150 is the ultimate low."
Somebody was observing walls and not debating global warming and they noticed the bottom.
Absolutely, I have mentioned this previously
https://bitcointalk.org/index.php?topic=178336.msg48779651#msg48779651, and I also believe that low 3000 mark is very much the bottom or close to it. The bitstamp order book is the big tell.
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Post 49252776 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.26h):
I don’t know that you could port Bitcoin onto Grin. So it is a threat.
But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into.
So that significantly reduces the threat.
MW can be implemented on a second layer or as a sidechain with BTC I believe.
So, how many grins will ever be made?
Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m). That is not designed to change. So it's infinite.
Well, if it's infinite it won't be worth anything. That's Economics 101.
That would be my understanding too, which has killed a lot interest that I initially had for it. However, how many other coins are like this? and how many of those have gone from low value to a high value.
Monero? But isn't their supply cut down to only 0.3 every block at some point?
Even with open ended supply it still seems that a lot of money can be made in the medium-term even if long-term it is destined for disaster.
50 every minute forever seems like a awful lot though.
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Post 49776554 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.32h):
https://www.zerohedge.com/news/2019-02-16/smollett-hires-michael-cohens-criminal-defense-lawyer-assault-story-takes-dramatichahaha, who could of thunk it.
from another article when event happened
"Sgt. Cindy Guerra confirmed to USA TODAY that Smollett said in a follow-up interview the next day that his alleged attackers yelled, "This is MAGA country."
https://www.usatoday.com/story/life/people/2019/01/29/empire-star-jussie-smollett-assaulted-possible-homophobic-attack/2709986002/I think I need clarification on who the deplorables are again, its getting confusing. Better go check with the MSM.
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Post 49817144 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.32h):
For anyone interested in a bitcoin and lightning node I can recommend this one. Doesn't take long to setup and fairly cheap. I already had a hdd and SD card so that saved me some money, and you don't really need the LCD screen either.
https://github.com/rootzoll/raspiblitzAlso, looks like a mini H&S on the chart, target to 3700 - 3750 if it pans out.
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Post 49817950 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.32h):
Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.
I beg your pardon ?
Lightning
IS Bitcoin.
Right and Elephant
IS a Car
Bitcoin network is bitcoin network
Lighting network is lightning network
claiming otherwise is a dishonest shill.
A Bitcoiner supports Bitcoin network with mining or mining shares.
A shitcoiner supports a shitcoin node whatever his preferred flavor my be, XRP node, LN node, JPM node or what not crap node (cheap crap computer)
LN (in)directly supports JPMCoin, XRP..... with atomic swap any crap is instantly interchangeable
Crappy worthless nodes Version 1, XRP erks me like..., no difference with version 3, LN or version 4, JPM
Are you crazy? Is that your problem?
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Post 49818331 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.32h):
Don't like LN? You are free to opt-out without this stopping you from using Bitcoin directly. You are also free to develop another second layer on top of Bitcoin and only you and your counterparty (ies) need to adopt it for it to work.
hold on slow down a minute there. Don't let facts get in the way of a good irrational scare campaign.
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Post 49831020 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.32h):
jbreher and the bcash SV shitcoin crew.
We are followings God's (satoshis, lol) vision hahaha.
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Post 49889210 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.33h):
Interesting development in the bitstamp order book.
If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).
I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.
Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.
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Post 49889377 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.33h):
Bitcoin from last few days. It's gonna fly in no time 🙂
Guys, guys, slow down, it's way too early for that. This is just a bart.
Quite possibly, but confidence has come back to the market. See my post above
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Post 49889686 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.33h):
Interesting development in the bitstamp order book.
If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).
I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.
Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.
Seems like you are trying to put too much weight into the meaning of the order book because the order book is played around with all of the time to cause these kinds of erroneous presumptions that you seem to be attempting to make... in other words, take the order book with a BIG ASS grain of salt.
Bitstamp and their order book is the exchange that is least played around with IMO and many others opinions. Secondly, fuck you for making assumptions about what I use to gauge the market. If you think that is the only indicator that I use, you are far stupider then your many unnecessarily lengthy insane incoherent posts make out.
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Post 49904773 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.33h):
Interestingly, after that massive dump the Bitstamp order book is still strong. At this level in the past it was something like 2000-2500 btc sold brings the price down 15% and same amount bought takes the price up 15%. Now it is showing it is showing 1300 coins bought takes the price up 21% and same amount sold brings it down only 5%.
That's some pretty good news, hopefully it stays that way.
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Post 49925877 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.34h):
yes because of LN.
EDIT: LN is off-chain and you cannot measure numbers. within a channel payments are not visible.
Hey, Gyrsur - you seem LN conversant. Maybe you can help me with something I've been puzzling over. 1ML (
https://1ml.com/statistics) publishes something they call 'Updated Channels (24h)'. Are you aware of a definition of this term?
sorry, at the moment I have no idea what it could mean. unfortunately 1ML do not have an explanation of the statistic values so far.
Well shit, Transactions per day are almost at the ATH. So shit ain't too bad is it
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Post 49958397 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.34h):
Hey all. Been busy lately with the seastead and I just bought a sail boat as a commuter (my friend was our taxi while we waited to get the boat). Having the bottom stripped to bare metal (steel hull) and painted.
Here's the first video in a series about us getting the seastead up.
https://m.youtube.com/watch?v=tTXhgcXA1pMLooking forward to the day that I can sit back and relax and hang out on the forums again. But we have seasteads to build.
A very interesting project I look forward to the video.
Quick question, I've been looking into underwater drones recently. There's quite a few of them coming out these days starting at the $1000 mark. They look like a lot of fun, and also useful for checking on boat hulls and such. Have you ever used one or do you intend to get one for when you are out on the seastead?
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Post 50038835 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.35h):
I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?
The thing is we have all been here before (2014/15) back then I did indeed feel capitulation. But now, and particularly with a more thorough understanding of the global economy, there is just no way in hell bitcoin won't get to those prices.
We all understand the bitcoin cycle now, and coupled with this we are all aware of the corruption of governments and central banks and how they are the ones pushing the price of bitcoin indirectly via their criminality.
If you want to see capitulation, you need to look at the newbies. They have never experienced a bitcoin cycle before, and I bet they have already capitulated in spades.
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Post 50055256 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.35h):
Big move coming... 70/30 it's an up move IMHO. (Boy oh boy it's gonna be nasty if it's down)
There are only two possibilities:
1) The US govt did not create bitcoin and thus dislike it in some manner. They would attempt to cap it's price with ESF dark pools the same way they act towards real commodity money such as silver and gold and attempt to cap it at a few percent over cost of production until the $USD system implodes. The price would then mostly move only during macroeconomic trends like if inflation skyrockets then they're forced to allow it to go up some. When the market cap of bitcoin is very low - like $1 million - it's very difficult to cap the price since it can be moved with little money. Now that the market cap is huge, it's easier to stop it.
2) Bitcoin is a US govt created scam to try and trick people away from physical metals and into a designed to centralize, non-fungible, permissioned ledger, cashless society slavery system and they will be more than happy to let it rise. Even if bitcoin wasn't created by them, they seem to still love the idea since evil cult of Judaism members like Larry Summers, Ben Bernanke, and their shabbos goyim slave Jack Dorsey promotes them.
They especially love the lightning network which is nothing more than recreating the exact same banking system that already exists.Except that you can opt out and tell them to fuck off. You can also process your own payments without any permission if you have to.
The lightning network also doesn't allow mass printing of money by central banks or creation of debt (which creates deposits) out of thin air by the private banks. Pretty big deal that little detail.
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Post 50055493 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.35h):
The lightning network also doesn't allow mass printing of money by central banks or creation of debt (which creates deposits) out of thin air by the private banks. Pretty big deal that little detail.
Speaking of which, check out this brainlet.
https://twitter.com/DavidShares/status/1102333432162594816
In recent days the level of FUD has reached an AMAZING new height of stupidity.
Yes, they can see that the LN is performing brilliantly, and are getting worried.
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Post 50336458 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.38h):
Things really are starting to look up. I'll be increasing my regular bitcoin purchases starting this week. I'm sure I am not alone as some confidence, albeit cautious, seems to be coming back to the marketplace and the comments.
go bitcoin go
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Post 50350086 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.38h):
Seeing on the graph the growth is staggering. It shows that people are accepting Lightning Network lightning fast. People always want bitcoin to use in their daily life transactions.
I consider myself a true believer, I run a bitcoin and lightning node, I think bitcoin/lightning is a great idea and will benefit a good deal of the world population in the future. However, I just can't bring my self to spend much bitcoin.
I get paid in fiat currency you see, which I consider to be bad money. I save for my future in bitcoin, because I consider it to be good money (the fucking best ever to be precise). They say good money drives out bad money, and in my case this is 100% true. I don't think I'll ever start spending in bitcoin in any reasonable volume until I start getting paid in it. I just love the shit too much.
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Post 50421718 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.39h):
I love the look of green btc dildos in the morning.
What needs to be remembered in these short term moments of jubilation though, is that in long-term we are still at a very cheap price. So load up, just because you missed this pump doesn't mean you need to miss the rise to 100k.
Governments are corrupt and do not represent the people, they represent the corporations and in particular the banks. They will destroy the value of fiat in order to maintain their corruption. And, the only way to protect yourself is to own assets, the best of which being bitcoin. Because, no matter what happens they cannot steal them from you.
Imagine if during the war the Jewish and other persecuted folk had bitcoin instead of traditional assets or fiat. Not only could they have got their money out of the country, when those fortunate ones fled. But, for the ones who didn't flee, the Nazis couldn't have stolen their bitcoin to spend on the Nazi war machine.
All hail the glory of Bitcoin.
365.
Post 50422552 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.39h):
We're going to Bart but will it be a big Bart to 6k+? Small Bart to 5500 or Bart down?
I'm for the bart to 6k, sure it's a long one, 4 - 5 months, but really would look nice on the weekly candles.
Also nice buy wall on stamp, just a little low price wise. Here's hoping price doesn't move to test it.
366.
Post 50439391 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.39h):
While I'm enjoying the pump. I am somewhat concerned with the increase in the mempool and transaction fees. It's not terrible by any means and you can still get low fees through within a few blocks, but I don't want to see it keep trending up.
Lightning can't come soon enough, and I'm happy for the new bull run to take its time in an effort to let Lightning get to where it needs to be.
367.
Post 50439631 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.39h):
Jamaica Stock Exchange to Pilot Bitcoin and Ether Trading
https://www.coindesk.com/jamaica-stock-exchange-to-pilot-bitcoin-and-ether-trading?hootPostID=19d9e1b595bb1ca1ffdc66dc2d02a882"The Jamaica Stock Exchange (JSE) is soon to trial bitcoin and ether trades with help from Canadian fintech firm Blockstation.
The two firms jointly announced Wednesday that they have entered into an agreement to enable live trading of digital assets including security tokens in a “regulated and secured” environment.
The trial of bitcoin and ether trades is the second stage of the pilot effort. For the first phase, the JSE and Blockstation trialed live cryptocurrency trading in January for a 60-day run that saw participation from regulated broker-dealers, market makers and the Jamaica Central Securities Depository."
I consider this a very small development, but that's how these things always begin, very small. With enough time though all these very small things join to become something very big and then BAM! bitcoin valued at a million US Pesos.
368.
Post 50439685 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.39h):
Speaking of boating accidents and big pumps, I've finally started to consider my privacy more seriously and the ramifications of buying on KYC exchanges. Excited, just downloaded bisq and looking forward to getting acquainted.
Stick it to the man!
Yeah, I should do the same. I took a look at bisq a while ago and was very impressed with it. Only downside at the time was lack of volume, I'm hoping this will change in time. I will download again and set a few orders just to support it.
369.
Post 50439723 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.39h):
Love the rally, hate the fact that two forks are up much more. This is bizarre.
Is there something to worry about here?
No, check out their mempools. There's more action happening on the deserts of Mars.
370.
Post 50455094 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
Anybody seeing that sell wall on Stamp. Pretty damn big.
Edit: big ass buy wall just popped up too. Not as big though 1060 vs the 1800 of the sell
371.
Post 50455179 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
Anybody seeing that sell wall on Stamp. Pretty damn big.
Fake sell pressure.
That's what I'm thinking, but good to keep an eye on.
372.
Post 50471366 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
Does anyone else see bitcoinwisdom showing large price swings on high volume these week but then upon refreshing remove all trace of it without proof it ever happened with the price flattish?
Is it bugged?
Edit;
Now every refresh the last hourly volume bar drops to zero and starts recounting from zero. Very strange.
Yeah, I'm seeing that.
Same here, I've switched over to bitcoinwisdom.io temporarily.
373.
Post 50496084 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
Incredible to think we were at $31xx not all that long ago. It’s been a great recovery to be fair. I remember how panicked I was as the price dropped like an avalanche from the ATH last year.
Yes it did suck, however, seeing the Cyprus crash and more relevant, the Gox crash. I can't say I felt much panic, just depression that I would have to keep working at my shitty job for another few years.
Of course being able to buy a good amount of bitcoin for my fiat did make up for this a little, but, I fucking hate working, so it only helped a little. I guess I prefer instant gratification to delayed.
Anyway, its been fun reading this thread almost daily and making the odd comment here and there.
374.
Post 50496656 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
I hate working too, we run a small/medium sized online ladies fashion store. I’m bored to death of it to be honest. I just want bitcoin to moon so I can enjoy life instead of just going through the motions.
One day my friend we’ll be free.
I work in a medical research lab, and while a lot of people think that it would be exciting I can tell you it is boring and repetitive pain in the arse kind of work. What's more, working from government grants is no way to live a secure live, no security at all.
I honestly can't wait for that freedom, and I hope everyone here manages to achieve the same.
All this time I also thought I hate working that was my main motivation to stack bitcoin in the last 2-3 years but then I realized I don't actually I hate working. I mean I don't really like it but it keeps you busy. I can keep working just fine. (as long as I can say enough! and gtfo to a vacation whenever i like)
What I really don't like is dumb and smelly people. Fuck them.
I admit that work does provide a sort of routine for my life, one that does keep me in check, and is possibly even good for my health. However, Having the choice to not work doesn't mean that I won't work. In fact, I will definitely be working. My job be different though, it will be trying to improve the lives of my fellow countrymen.
This may mean I have to become political, or maybe just donating my time to certain causes, perhaps educating people in the importance of money management so as to avoid being a slave to a job or bank. Whatever it is, not having to work a job means that I can spend a lot more time doing it, and therefore greater chance of success.
375.
Post 50505574 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
Talking about the revisitation of the $5,185 wall...
Down from 1245 coins to 771... ...
What's gonna happen? Pulled or eaten? I suspect eaten .... but willing to be wrong.
Nom! Nom! Nom!
376.
Post 50506465 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
Blah blah blah larger block blah blah
You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend
I can't agree enough. What kind of sickness is it for people like roach, stolfi, jbreher, etc to come here and spout their non-stop garbage when they know nobody here cares and will never be convinced to care. It has to be some kind of mental illness because there is no logic to it, constantly focusing on the same topic when it has already been addressed numerous times by the other posters here.
And of all the places they target, it's this thread, why? what is it about this thread that attracts them to have these constant discussions? Seriously.
These guys are like the ones you get ambushed by on public transport sometimes, or maybe at the pub. They sit next to you and go on and on about stupid shit over and over again, when it's obvious you want them to shut up. And once you have managed to get away from them, they start annoying someone else.
377.
Post 50527335 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.40h):
I can't agree enough. What kind of sickness is it for people like roach, stolfi, jbreher, etc to come here and spout their non-stop garbage
I wouldn't bundle jbreher with stolfi. And The Roach is just on another plane of existence.
I'm not saying they are the same. What I mean is the constant posting about the same topic over and over again that has already been answered by everyone here many times over. It seems like very obsessive behavior, especially since they know they can't convince anyone here of anything they say.
jbreher in particular is bad with this. Why does he keep posting his so called technical comments here, when he could be posting them in the development area of the forum or github. Perhaps because he is full of shit and knows it.
378.
Post 50582391 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
If you didnt spend 5 minutes waiting for an audio tape to load a game, you didnt live the golden age.
I miss my ZX Spectrum..All the squeaks and sounds only to end with an "R Tape Loading error"
10 Rem This is my private key
Save "wallet"
...good luck retrieving it
My first computer (games console) was a Commadore Amiga, 500 Plus.
I’m early 30’s.
Damn, that was my first computer too (non plus), I remember going down with my mum and dad to buy the thing. 1988 maybe, I was very young at the time. I still play the games regularly enough but no longer have the computer, I have a whole set of emulators set up on my HTPC, works great.
The Amiga 1000 was released in 1985, light years ahead of anything else, but commodore fucked it up. I suspect if they didn't Apple wouldn't exist anymore and commodore would be in their place.
I'm actually a bit of a collector (or want to be when I have the space) of the vintage 80s micros. My only decent one at the moment is the Epson HX-20 (first laptop), it has a built-in dot matrix and micro cassette, I use it for printing out wallet seeds and passwords private keys etc. Very cool. Also, my son enjoys learning to type on it, because of the printer.
379.
Post 50582784 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
This was my first computer, a Kaypro. My dad bought it for his publishing business to do payroll, but it was outdated by 1986. Cost $4k:
You could fold it up like a suitcase, so it was "portable"...
It used the nice big floppies, which were required for startup. You could switch disks once the computer had finished booting. There were a few interesting text role playing games, and one "action" game made entirely out of ascii characters, called "Ladder."
I used it all the way up until about 8th grade. My grandfather helped create one of the earliest versions of BASIC and taught me the elementaries of programming, on an Apple II, I believe it was. By the time Macintosh came around I knew how to use ResEdit to mod games (before it was even a term), to mess with my Dad while he was playing
Armor Alley.
A good portable that one, shit all over the Osborne.
380.
Post 50583373 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
The first computer we had in my house
Wowza, rich parents? those things cost more than a decent house at the time.
381.
Post 50583778 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
Wowza, rich parents? those things cost more than a decent house at the time.
Really? I had no idea. My father was given it by his work. I knew it was special but not that special.
Oh yes, part of the failure of the Lisa was that it cost you a fortune. The GUI on that thing was a demanding mistress.
Edit: Actually looking closer that may be the lisa 2, I think they were a little cheaper. I'm an apple II fan myself, cause woz is awesome.
382.
Post 50584128 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
Yeah I’m not exactly sure which Lisa it was. That was just a pic I pulled from online
The Mac Classic was my first computer.
Yeah the Mac was nice, last real exciting thing Apple did computer wise, I reckon. However, the Mac (and Lisa) suck for one reason in my eyes, they did away with Woz's open design. Stupid, and a big reason why IBM and the compatibles absolutely dominated forever on.
383.
Post 50586545 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
I'm actually a bit of a collector (or want to be when I have the space) of the vintage 80s micros. My only decent one at the moment is the Epson HX-20 (first laptop), it has a built-in dot matrix and micro cassette, I use it for printing out wallet seeds and passwords private keys etc. Very cool. Also, my son enjoys learning to type on it, because of the printer.
heh i have a bit of a collection of early (early to me, i envy you guys with the serious old iron stuff) computers too.
* timex sinclair ts 1000 (zx-81 clone) with 16k ram expansion and sparky printer - my 1st computer
* commodore 64 with tape drive and 2x1541 floppy drives
* trs-80 model 100, looks very similar to your Epson HX-20 but minus the printer (very early portable laptop type computer) with 2400 (or maybe 1200 baud) modem
* trs-80 model one with expansion interface, 48k ram, tape drive, 4x5.25 floppy drives
* lnw-80 (trs-80 clone, uses trs-80 5.25 drives plus two shugart 8 inch drives)
* trs-80 model 4P (two) with 128k ram, bank switched, runs cp/m as well as native trsdos - a portable computer the size and weight of a sewing machine, but it has a handle and is fully self contained. find an outlet and youre up and running, has two 5.25 drives and a green screen plus a built in 2400 baud modem
* apple mac classic and mac plus (plus an external apple hard drive)
* apple lisa (two) - the later lisas, not the 1st model
* one of the 1st ibm clones (cant remember the name), 8088 (8086?), 8 bit expansion slots.. love that HUGE red power lever. took the hard drive like 5 minutes to spin down on power off.
everything boots.
all work but the floppies are getting to be hit or miss now. there are various software/hardware adapters to use another computer to simulate floppies/hard drives.. gotta seriously look into them.
i cut my teeth on those things. all have a fond place in my heart, many many hours of fun and learning.
That's actually a pretty nice collection you have there. God I used to love the c64, I never had one but my cousins did and we absolutely killed that thing. 80s tech is the best, movies too.
384.
Post 50586689 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
I'm actually a bit of a collector (or want to be when I have the space) of the vintage 80s micros. My only decent one at the moment is the Epson HX-20 (first laptop), it has a built-in dot matrix and micro cassette, I use it for printing out wallet seeds and passwords private keys etc. Very cool. Also, my son enjoys learning to type on it, because of the printer.
heh i have a bit of a collection of early (early to me, i envy you guys with the serious old iron stuff) computers too.
* timex sinclair ts 1000 (zx-81 clone) with 16k ram expansion and sparky printer - my 1st computer
* commodore 64 with tape drive and 2x1541 floppy drives
* trs-80 model 100, looks very similar to your Epson HX-20 but minus the printer (very early portable laptop type computer) with 2400 (or maybe 1200 baud) modem
* trs-80 model one with expansion interface, 48k ram, tape drive, 4x5.25 floppy drives
* lnw-80 (trs-80 clone, uses trs-80 5.25 drives plus two shugart 8 inch drives)
* trs-80 model 4P (two) with 128k ram, bank switched, runs cp/m as well as native trsdos - a portable computer the size and weight of a sewing machine, but it has a handle and is fully self contained. find an outlet and youre up and running, has two 5.25 drives and a green screen plus a built in 2400 baud modem
* apple mac classic and mac plus (plus an external apple hard drive)
* apple lisa (two) - the later lisas, not the 1st model
* one of the 1st ibm clones (cant remember the name), 8088 (8086?), 8 bit expansion slots.. love that HUGE red power lever. took the hard drive like 5 minutes to spin down on power off.
everything boots.
all work but the floppies are getting to be hit or miss now. there are various software/hardware adapters to use another computer to simulate floppies/hard drives.. gotta seriously look into them.
i cut my teeth on those things. all have a fond place in my heart, many many hours of fun and learning.
That's actually a pretty nice collection you have there. God I used to love the c64, I never had one but my cousins did and we absolutely killed that thing. 80s tech is the best, movies too.
You forgot the music. That was the best. Period.
I'm unsure about the music to be honest, the 80s music was very original though. I guess the thing about the 80s was that there was a shitload of new technology coming out that was available to the masses, a lot of creativity was able to thrive with this.
385.
Post 50613674 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.41h):
On topic - Regarding Elwar, I feel sorry for him if they restrict where he can live etc but it’s a bit weird any way imo. Why would you want to live there regardless of any tax breaks/avoidance etc.
He’s rich AF. I’m sure he could buy a beautiful house on land & create bogus companies to enable some kind of tax avoidance. Good luck to him but I dunno, was kinda dumb to begin with.
Was it a tax thing for him though? I thought it was more of an ideology thing. And if so, governments are very corrupt, I can understand him trying to remove himself from their influence. Not what I would do, I prefer to stay and fight, but I absolutely support him.
I very much hope he and his wife are well, and can get themselves out of any trouble.
386.
Post 50818002 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.43h):
And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not. The need may never surface.
You've already banished it from your revisionist history?
There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.
If it was “necessary”, BCH would have won.
Hahaha, very true. The proof is in the pudding.
387.
Post 50820753 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.43h):
This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.
Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.
Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?
That was a short spam attack period, you know damn well that was artificial and everyone knew it.
Yes, I remember people posting the addresses of the spammers at the time. That's the good thing about 1mb blocks, spamming gets expensive.
388.
Post 50881215 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.44h):
I thought we were going sub 5k Monday according to rumours about Bitfinex court papers etc. What a loser I am
The only losers here are the no coiners roach, gembitz, et al. end of story.
389.
Post 50933930 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.44h):
Alright, it is done.
Blew my last ammo ($
$500$600) on btc from $5.9k smth. The failing lira fucked me up a bit. Not gonna buy any more coins this month because I won't be having any new money.
Let's re-check the plan:
If it goes down below $5k, will buy the dip.
If goes <$4k buy x2 of the dip.
If it stays side ways or climbs, buy. (With new money, $1k-2k/month)
If Turkey's CB goes insolvent, buy the whole damn thing.
edit: wew with the recent buy I made, I almost got the sixth piece of my collection. (not pure though, contaminated with shitcoins
)
It's a good plan and very similar to mine. If it goes below 5k I will be pumping in about 30k, just diversifying from some other assets.
But the most important is the what you call the new money. In April 2013 (when I first bought Bitcoin) to mid 2018 most of my paycheck dedicated to future savings/retirement went to a high (lol) interest savings account (big mistake). These days I only save in Bitcoin and as long as I have a paycheck that's how it is ever going to be from now on. Banks, can go get fucked.
390.
Post 50934101 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.44h):
Falling below $6,000 last year was where it all started to go wrong last year. The price dropped at an alarming rate after we breached $6,000.
November 5th 2018 - $6,398
December 15th 2018 - $3,179
I don’t know about anybody else but that was a pretty fucking scary time for me. Breaking $6,000 would represent great progress & a sign for me that the bear market has long been left behind & we enter a new, baby bull market.
Enjoy gentlemen, this is going to be a very exciting run over the next year or two & I’m honoured to be on this train with you all.
During the 2014/15 fall down to the low digits, I felt like you with this drop to $3000. I bought some extra coins in the $600s and when I saw that price drop down to $150 it really hurt. And the months of stagnation just destroyed the soul. This time though was completely different, it still sucked, but only a very little bit, because I knew it would go up again and regain my millionaire status. The sucky part was not the paper losses (they would be back) the sucky part was that I couldn't retire this year like I hoped.
You'll cruise through the next bust with a big smile on your face, because, not only will you be retired (if you desire that), you'll know that you're going to be even richer in a few years because the bust has allowed you to buy more cheap coins.
The wait is what will suck for you that is all.
391.
Post 50934400 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.44h):
Falling below $6,000 last year was where it all started to go wrong last year. The price dropped at an alarming rate after we breached $6,000.
November 5th 2018 - $6,398
December 15th 2018 - $3,179
I don’t know about anybody else but that was a pretty fucking scary time for me. Breaking $6,000 would represent great progress & a sign for me that the bear market has long been left behind & we enter a new, baby bull market.
Enjoy gentlemen, this is going to be a very exciting run over the next year or two & I’m honoured to be on this train with you all.
During the 2014/15 fall down to the low digits, I felt like you with this drop to $3000. I bought some extra coins in the $600s and when I saw that price drop down to $150 it really hurt. And the months of stagnation just destroyed the soul. This time though was completely different, it still sucked, but only a very little bit, because I knew it would go up again and regain my millionaire status. The sucky part was not the paper losses (they would be back) the sucky part was that I couldn't retire this year like I hoped.
You'll cruise through the next bust with a big smile on your face, because, not only will you be retired (if you desire that), you'll know that you're going to be even richer in a few years because the bust has allowed you to buy more cheap coins.
The wait is what will suck for you that is all.
Dude, I was around then too. I was at a massive loss on my overall investment in 2015, at $150 I felt like a fucking idiot. I should have bought MOAR then.
I guess my advice to anybody who gets in at the next cycle top is buy all the way down. Bitcoin ALWAYS recovers
The thing is, emotions to a loss like that are always hard to overcome and very normal. You have such dreams when the price is at the highs, then it is taken from you. Everybody is a fucking genius in hindsight too and they'll let you know that as the price is going down. Fucking no coiners.
This time you were buying coins at the low though, so that is a damn good improvement. Next time you'll breeze through it, trust me.
Your advice is spot on, buy in the bear markets. That is where the big money is made.
Bitcoin does ALWAYS recover. But, you have to know that as a fact, otherwise those fucking emotions will have you. And after 12 years of studying finance, the economy, government corruption, and big business ethics. I think I finally know the facts.
392.
Post 50935652 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.44h):
He said, that a typical Uviversity salary is 10 times than my professor salary in Bulgaria. And Brazil is looked upon as a poor country. I am so sad that after 20 years of work my savings are equal to 10 months work in Brazil or any other country in the world in fact. Our country is the only in the world which pays the University professors less than the workers and teachers. I can't go to another country because there are no open positions in my speciality. So my only hope is to convert what is above my monthly expenses in Bitcoins. I drew a lesson from my mistakes in 2017 and I will hold long enough to achieve my goals. On one hand I regret for my lack of nerve back then, but on the other, this made me a strong hand. It may be helpful for some so I write in short my experience.
I am shocked to hear that you get paid so little. Having said that it is not how much you get paid but what percentage of your income has to go towards expenses. My supervisor is a professor, he earns a very high salary but due to shitty decisions his expenses soak up most of it.
IMO, being wealthy is how long you can survive for without working, not how high your income is. Of all my friends, family, and co-workers I earn the least. But I could probably survive without working for 20 years. Even before my investments in bitcoin that number would be at least 7. All these other people I know wouldn't survive for more than a year. Even the ones with very high end cars and large houses.
You have learnt some hard lessons, and with your current and continued stake in Bitcoin I'm positive you will do well and be able to live a comfortable life in your home country. And screw spending your money on toys, status is a fucked up desire and all those things are a pain in the ass to maintain and just clutter your life anyway.
393.
Post 50937150 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.44h):
little pump there. I can't wait to see those shorts feel some pain.
394.
Post 50964522 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.45h):
Who else is waiting for a dip ?
...
Well yes, mind you I already bought plenty over the last 6 months. Wanting to buy a dip at this time is just a little greed. At 100k we'll all be quite wealthy anyway, some more cheaper coins at this point just means we'll be a little wealthier. A little wealthier is not really necessary.
395.
Post 51005519 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.45h):
Trying to work out what I enjoy more in life. Bitcoin or my family
396.
Post 51028240 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
Ebay=paypal. They hardly will let BTC ruin Paypal's biz.
Actually, I'm pretty sure eBay and Paypal have split up completely.
397.
Post 51040734 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
Happy birthday LFC, and with Bitcoin at 8100 I imagine it is a very happy one indeed.
398.
Post 51041447 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
How crazy is that?
80k, sounds like a dream come true to me
399.
Post 51041844 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
I hope that is not meant to be TA, because if so that is the stupidest shit I have ever seen.
400.
Post 51041867 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
April 1st: $4100
Now: $8200+
That escalated rather quickly.
2x in 6 weeks? hm.... when real fomo is here we will do 2x in one week....
True... but we don't want to get there too quickly, because it will be the end of the Bull Market. Smaller steadier rises have longevity.
The accelerating moves always happen at the end, and are followed by long downtrends.
Spot on, as nice as this is it would be beneficial to have a little breather for a while.
401.
Post 51042330 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
I hope that is not meant to be TA, because if so that is the stupidest shit I have ever seen.
Tanking though isn't it..
Ill Repost the same pic in 2 weeks then we'll see how shit the TA is
I could put up the same chart with at least 10 actual resistance levels, than that pathetic effort, but it's not worth the trouble. This thing is going to correct, no doubt about it, but it's not because of that supposed level.
402.
Post 51042547 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
In light of the Whatsapp incident, and the millions of privacy issues with phones. let me plug these guys.
https://puri.sm/products/librem-5/Any privacy conscious bitcoiner (who will soon have plenty of disposable cash) should be buying this as their next phone.
403.
Post 51043310 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
If you want long term indicators what about the 1 week RSI being at 77.5. In the whole history of bitcoin it's never been that high without a major retrace. 6500 minimum. As much as it looks buoyant right now that will not last too long. It's massivly over brought based on lies atm
edit: i meant over brought
Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.
It was at
90 when the bitcoin price was still below $1000.
Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.
Please stop talking shit
SInce 2011
Major downtrend??? you kidding right? the only downtrend is after the 2013 and 2017 highs all the ones before that are corrections. Corrections are normal and honestly what is needed at the moment.
404.
Post 51043369 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
semantics. point is 6500 incoming at least.
toknormal could say the same about your response.
Look, I mean no offense here, but look at the chart first then make an opinion from that. Don't have an opinion first then match the chart to that opinion.
a correction to 6500 would be healthy.
405.
Post 51043892 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
I worked out the percentage drops for you. So at the very least we can expect 30% drop... so thats the 5800 range unless this is phase B of an elliot wave and then it's probable to go much lower.
3th August 2012
High 16.41
low 7.10
-56.73 %
8th April 2013
High 259
Low 45
-82.62 %
5th Nov 2013
High 1163
Low 152
-86.93 %
2nd Nov 2015
High 502
Low 294
-41.43 %
13ht June 2016
High 778
Low 465
-40.23 %
2nd Jan 2016
High 1139
Low 751
-34.06 %
6th March 2017
High 1350
Low 891
-34 %
12th June 2017
2High 2980
Low 1830
-38.59 %
28th Aug 2017
High 4980
Low 2970
-40.36 %
6th Nov 2017
High 7888
Low 5555
-29.57 %
18th Dec 2017
High 19666
Low 3181 (so far)
-83.82 %
And how many of those are downtrends rather than corrections? And for how many of them did the price drop instantly when the RSI hit 77? Technical indicators are just a derivative of price or volume. They are nothing special on their own.
406.
Post 51044172 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
I worked out the percentage drops for you. So at the very least we can expect 30% drop... so thats the 5800 range unless this is phase B of an elliot wave and then it's probable to go much lower.
3th August 2012
High 16.41
low 7.10
-56.73 %
8th April 2013
High 259
Low 45
-82.62 %
5th Nov 2013
High 1163
Low 152
-86.93 %
2nd Nov 2015
High 502
Low 294
-41.43 %
13ht June 2016
High 778
Low 465
-40.23 %
2nd Jan 2016
High 1139
Low 751
-34.06 %
6th March 2017
High 1350
Low 891
-34 %
12th June 2017
2High 2980
Low 1830
-38.59 %
28th Aug 2017
High 4980
Low 2970
-40.36 %
6th Nov 2017
High 7888
Low 5555
-29.57 %
18th Dec 2017
High 19666
Low 3181 (so far)
-83.82 %
And how many of those are downtrends rather than corrections? And for how many of them did the price drop instantly when the RSI hit 77? Technical indicators are just a derivative of price or volume. They are nothing special on their own.
I told you it's semantics. A percentage drop is what it is. expect 6500 min very soon, 5800 highly likely and 4800 quite possible and a chance we haven't hit the low yet post 19k
Look, your TA knowledge and drawing of conclusions from TA needs a lot more work. It has been pointed out to you why you need to work on this. RSI is a meaningless measure by its self because it is a derivative of price, Toknormal has pointed this out to you.
407.
Post 51044212 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.46h):
8k+ rejected.
Back to 6k for re-charge.
Better go down on Gembitz cock again
You assume he has a cock. He certainly doesn't have any balls (or brains) because if he did he would of been buying in the 3k range.
408.
Post 51236900 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.48h):
Nice to see you still around these parts Roach. How's that silver going? I presume making massive gains along with Bitcoin right? hahahaha. It's going to be fun when the bitcoin price is back to the ATH isn't it, just imagine how pathetic your comments, and your life, will be then.
409.
Post 51252095 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.48h):
New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.
personally im thinking today will be the oppersite. we had 5 green days, very possible for some red ones soon.
Starting to look that way. Just after I bought a little bit more too, always the way.
410.
Post 51334540 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.49h):
Guys...
Earlier today I was walking on the street when I saw the innards of a USB stick on the pavement. It had been lying there for a while, had been stepped on by passers-by several times, but looked like it could be readable. I saw it, walked past it, and kept walking away...
Until it hit me: what if this little thing lying on the ground contains the private key to a massive BTC wallet? I thought, naaah, no way... But I couldn't escape the thought. I went back and picked it up!!! Tried to read it just now, but no dice. It was as DEAD as a cockr0ach smashed by a 400oz gold bar!
Has this ever happened to you? With USB sticks or old HDs/PCs? I mean, the urge to check the contents for keys?
I'm paranoid, I know...
Be careful with random USB sticks. It's a major security issue and there have been plenty of incidents where malware transfers that way. When you find a USB don't go inserting that thing without protection
411.
Post 51334602 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.49h):
Guys...
Earlier today I was walking on the street when I saw the innards of a USB stick on the pavement. It had been lying there for a while, had been stepped on by passers-by several times, but looked like it could be readable. I saw it, walked past it, and kept walking away...
Until it hit me: what if this little thing lying on the ground contains the private key to a massive BTC wallet? I thought, naaah, no way... But I couldn't escape the thought. I went back and picked it up!!! Tried to read it just now, but no dice. It was as DEAD as a cockr0ach smashed by a 400oz gold bar!
Has this ever happened to you? With USB sticks or old HDs/PCs? I mean, the urge to check the contents for keys?
I'm paranoid, I know...
I got a harddrive from a laptop that broke. I know for a fact that it has old wallets on it, and that they are empty. Still gonna get the thing copied just to make sure.
It also possibly holds some other things I wanna keep, such as a copy of the original Colonization. Google has not been helpful in finding it elsewhere.
If you are after a copy of the old DOS colonization you should be able to find it online on an abandonware website somewhere. I have a copy myself, which I think is from my early 90s 486 (possible that I got from abandonware but I don't think so).
Anyway if you want a copy PM me and I'll upload it to dropbox for you, give me a day though just a little busy right now.
I still have a 486 that I play it on about once a year. I really love that game.
412.
Post 51554356 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.52h):
10000 bitches
413.
Post 51555153 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.52h):
the evening wall report
I am pleased to report that offensive sorties targeting the great wall at $10k have been successful beyond expectations. It was a hard fought battle with both sides delivering punishing blows until the final moment of capitulation and eventual retreat by Bear forces.
Bears for generations to come will speak in hushed voices of the drubbing received on Summers Eve 2019.
A quick look at the weekly chart gives some perspective and also new targets.
#dyor
W
-----
Have a great summer everyone and keep your hands strong.
peace
tc
Just wanted to say that your charts and commentary, particularly the military campaign talk, is very appreciated and enjoyed.
414.
Post 51555163 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.52h):
Where is Roach? I wanna have a serious discussion about metals, bitcoin going to zero, and Jews.
Yes, enjoy his stupidity. I will be telling my grandchildren many a story about roach and the other hate filled no coiners.
415.
Post 51646504 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.53h):
Ha, been searching around some info on the Craig Wright court case when I found this gem that I had missed before.
https://cryptoslate.com/roger-ver-craig-wright-libel-suit/Wright, who gained notoriety for claiming he is Satoshi Nakamoto, submitted a list of Bitcoin addresses to a U.S. District Court in Florida. These addresses are owned by him and a trust he operates.
The addresses, which were described as a “lazy copy-paste job,” was supposed to prove that Wright owns some of the first Bitcoin addresses ever created.
However, Wright’s nemesis and former partner, the similarly controversial Roger Ver, debunked his claims by using one of the listed addresses to create a signed message.
jbreher - You do still believe that wright is Satoshi, correct? what about his moral character? do you believe he is ethical? what about his supposed tech genius? wouldn't be possible for him to make a mistake like this would it?
Seriously, what does this and Craig Wrights many other transgressions say about the SV followers. Reminds me of a death cult, they all desire to go down together to maintain a fantasy.
416.
Post 51646683 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.53h):
But faketoshi and the SV shittech are are intertwined. I mean, just imagine if he abandoned it and his support for it. Would the tech be enough for it to hold its price and market share (hahaha)? I think not. as you say the mempool is a desert, so what tech?
417.
Post 51646926 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.53h):
no idea. maybe the thing becomes better-respected with fewer pedos and arseholes around it.
the bitcoin mempool, silly.
lol, could be right.
418.
Post 51646988 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.53h):
Is bitcoin dead?
It will be if CZ doesn't learn wtf it is.
.@binance will actively block any stolen funds coming our way. The key is fast reporting (victim) and real-time blocking (exchanges). To this end, we developed an anti-fraud system just for this. Will make it available to all real soon, free of charge. #SAFU
No blacklists, thanks all the same, CZ.
Blacklists will be useless in the years ahead I am sure. Mixers, wasabi wallet, Schnorr signatures, and many more things no doubt. the more they pull shit like this, the more privacy will happen.
419.
Post 51656012 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.54h):
Why all the questions for me?
Because you are a shitcoin shill, that actively tries to deceive people into thinking that BSV is bitcoin, when you know very well it is not. What's more you never make any mention or warning that BSV is the creation of a confirmed liar and conman and his criminal, potentially pedo, financial backer.
420.
Post 51774466 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.55h):
I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.
421.
Post 51774548 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.55h):
The ROI seems to be in fiat, we don't want that shit we want satoshis
Spot on!
422.
Post 51828351 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.55h):
Dominance 66% (not that it means anything but still nice to see alts suffer)
I'm seeing 67.77 on real volume and market cap.
https://openmarketcap.com/exchanges/volume_difference
423.
Post 51878273 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.56h):
Price action of the last few hours is interesting, I wonder if it is a few whales playing against one another.
424.
Post 51878383 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.56h):
It seems wanna go under 10k - 9.5..
Yeah, has that feel to it, but as always it could go anyway. I honestly don't know what to make of it at the moment but not expecting a new run up yet though that is for sure. I would be happy with a few months of sideways action myself.
425.
Post 52077745 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.58h):
I guess it won't happen.
No it won't happen. Because, the allure of Bitcoin is not in its potential for easy transactions, but, rather it's ability to protect your wealth from the tyrants in the many governments and central banks of the world. Bitcoin will protect you from capital controls, frozen accounts, inflation, and more. Fiat, regardless of its transaction speed, can not protect you from these criminals since it is these criminals that control fiat.
Edit: I should also add that the only thing that could possibly mute Bitcoin, is honest governments, zero corruption, responsible banks, 100% transparency, and institutions such as the Fed looking after the people (labour) rather then the rich (capital). In other words, never going to happen.
426.
Post 52078393 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.58h):
Fuck.
Right after I bought $100 worth of btc from $12300 it started to go down.
Observing $11680.
$1000 incoming.
When it is sitting at $123,000 in the future you won't give a shit.
427.
Post 52100473 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.58h):
more than 1 hour to get a block, I hate when this happens when I need to transfer some corn around within a reasonable time frame.
428.
Post 52149907 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.58h):
How much we dropping guys?
I'd say that is it for now.
429.
Post 52168322 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.58h):
I don't know how many of you are keeping an eye on Honk Kong at the moment but things are getting real interesting and this is potentially a massive deal for the entire globe (including Bitcoin). Now, I have access to a group that discusses the global economy and one of its members is a very well to do business person with high level contacts within the CCP. Today I read a conversation this business person was having and it was very intriguing, so much so that I thought that people here might benefit from it. I have therefore posted it below. The person in question is named TR.
TR: China does not want to directly intervene - moderates in BJ have been holding the hawks in check. But last week, even the moderates started to indicate it was going to far. But the trap is set for BJ intervention, if it is direct, overt and very violent, the damage will be irrepairable with capital and business flight to SG.
PK: I'm not surprised by that. If it gets violent bye bye hk. It's as good as destroyed
TR: it is now - writing is on the wall - whether it is this week or next year, hk is gone
PK: Yeah true there's no real coming back from this wrt outsiders
ST: Once they declare that the two systems approach is not working and is over, the problem will be largely resolved. At the moment they cannot do anything about the protesters because they are outside of Chinese jurisdication. China has to leave it to Hong Kong to deal with. Declaring an end to the two systems approach may be dramatic but it does not need to be violent. Once the two systems is dead the Chinese can pass laws on extradiction and removal and that should freak out anyone in Hong Kong.
Who is going to protest once they understand they are subject to the Chinese justice system.
Plenty of Chinese cities will be champing at the bit to get a slice of the Hong Kong action. Certainly a lot of western businesses will decamp to Singapore but that may be seen as a small price to pay compared to ongoing humiliation.
TR: Actually a declaration of the end of the 1 country 2 system policy is extremely complex and the implications would result in the immediate change of status for banks etc in the US and EU, would create a political crisis in TW and flatten the HK economy overnight.
And no, HK is the primary conduit for capital movement and regulation for the PBOC. SH is the largest "base" for foreign HQ's in China only behind HK (20% vs 80%) and unless the movement of funds laws for foreign companies changes, these would need to move to SG.
Many SOE's are listed in HK to allow access to USD and easier capital movements as well as international bond markets. This would dry up overnight
US government is obligated to change the status of HK if the 2 system policy is changed before 2047 which would make the current trade war (it's not a trade war, but hell the tweeter in Chief knows all right) look like a macroeconomic nirvana
In other words, no, there is no solution in declaring the 2 system 1 country setup dead unless you have all the contingency plans in place, invade TW overnight and no longer need to do business with US or its allies
ST: That is just law. Laws get changed all the time. China marching in with troops will have exactly the same effect but with far more damage.
TR: no - you are missing the point - it is not just law but a whole shake up of the underlying business structure for SOE's in China and how they are able to transact business
ST: The moment Chinese authorities enter the 2 systems model is a dead duck. I am not missing the point. Law is just words.
TR: Which is why are desperately looking for back door methods to restore control
ST: There are no back door methods
If Hong Kong authorities lose control the 2 system model is dead.
Even now it is falling apart as people are claiming Chinese agents in the HK police.
The danger for China is that if they don’t the 2 system model now it may become permanent.
End
I think there is a lot of confusion because people assumed that in 2047 China would become like Hong Kong when the reverse is much more likely.
ST: The difficulty for China is that the 2 system model prevents them from controlling what is happening. They are dependent on HK controlling HK locals and that is clearly not working. The HK police are likely to be stuck chasing kids around the metro indefinitely. That China tried to get help from the triads indicates how little control they can exert. The situation is likely to get uglier and uglier until the sovereign power exerts its power and takes control of its territory.
Of course China could just cede its claim to Hong Kong. That is the best option.
The protesters don’t seem to understand that by demonstrating the impotence of the HK authorities they are demonstrating that the 2 system model is dead.
A government that cannot exert control is a dead duck and we know the reason why HK cannot exert control is because it is not a real government. It is a fake government and it is falling apart right now.
In the end China has no choice. If the HK government cannot impose its authority China will have to. Which of course is going to be a rude shock for lots of people who have assumed that an incoherent model of government is sustainable under pressure.
TR: Lets just see - I can't say what I know because it exposes who I talk to. I am sure that pressure is mounting for HK to end this, but I also know that the implications of direct involvement in the resolution of the situation is well known to many prominent decision makers.
To some extent you are seeing the response with "foreign power behind the unrest" meme that is circulating. Lets see how this plays out - like I said - they are looking at back door methods to restore control...
430.
Post 52174101 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.58h):
I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it?
Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please.
Hong Kong Activist Leader Calls For A Run On Chinese Banks TomorrowThe shit is hitting the fucking fan. That's what happening in HK.
Tomorrow will be a good day.
Here is a good article explaining the protests:
https://www.theguardian.com/world/2019/aug/13/what-do-the-hong-kong-protesters-wantI remember the fall of the Soviet Union.
It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau.
If the communist party in China falls and we see the ultimate and final "China Unbans Bitcoin" we will soar to 100k in a matter of months
I was too young to know what was going on in Tiananmen Square when it happened and I think the media brainwashed me as a child to just remember some guy standing on a tank. I was reading up on it the other day and holy shit, I didnt know the commies killed 2500 to 10k protestors
Fuck these cunts, I hope the CIA sends lots of weapons and advisors to Hong Kong. Im usually with my future ex wife Tulsi Gabbard on avoiding regime change but not when its an antibitcoin regime, then I go full hypocrite
https://www.youtube.com/watch?time_continue=636&v=-6Wu0Q7x5D0 here is a cool 19 minute video of the history of the world. They need to add Bitcoin to the timeline, but other than that its pretty good.
I was friends with a Chinese law school classmate about 10 years ago. I remember a conversation we had about Tienanmen Square. I mentioned something about the "Tienanmen Square Massacre". He looked really confused, and said, "What about Tienanmen Square?"
Me: You know, when the Chinese army crushed the protestors in '89
Him: *Really confused look*
Me: *Pulls up wikipedia page*
Him: *Skims through it quickly* This never happened.
Me: Sure it did. There are lots of photos, video, eyewitnesses
Him: Sounds like western propaganda *Starts getting angry*
Me: *Pulls up some documentary video on youtube*
Him: *Watches 3 minutes* THIS NEVER HAPPENED! *Walks away*
Wow, China really is adept at censoring what their citizens see.
I feel like the Western media must have been influenced by China to somehow softly censor what happened, because I dont ever seen any mentions of actual deaths when American media talks about Tienanmen Square. Just "human rights" or "tank man".
They glibly gloss over the thousands of murdered students every single time.
If those students had been illegal immigrants I suppose we would have nuked China already.
From what I hear the CCP is absolutely able to control their population and have them believe whatever they want them to believe. However, there is one caveat, this only works if the Chinese peoples lives are getting better financially. If things start to fall apart in some sort of repeat of 2008 the CCP will struggle with their propaganda.
What has been happening the last couple years in China is a huge amount of very nationalistic propaganda has been directed at the Chinese population. By various accounts this propaganda has been very effective and basically consists of the USA is the devil along with the rest of the western world. The world is underestimating the power the CCP has over their people and they shouldn't. China is comparable to the Soviet Union during the time of Stalin and like Stalin the CCP is, for lack of a better word, essentially evil.
As long as the Chinese economy has troubles we will see an increase in nationalism. And any significant falter in their economy will be blamed, very harshly, on the West. This is the CCPs only hope to avoid that caveat I mentioned in my first paragraph.
431.
Post 52190904 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.59h):
I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds.
Maybe that is part of the explanation for our differing views?
Perhaps, but likely only in respect to closely-related topics.
Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown?
Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective?
In short, there is no particular reason to think the next financial crisis will tip over the apple cart.
Most likely, yes, but I am troubled by a fact that Albert Edwards keeps being proven right (in the long run).
He long predicted that Japanese experience in 1989-2009 will repeat itself, first in EU, then US and it started to happen with negative yields, no growth, etc.
He predicts US 10 year notes eventually close to -1%. Imagine that.
https://www.advisorperspectives.com/articles/2019/01/21/albert-edwards-on-the-problems-facing-the-us-italy-and-chinaHis key prediction was that over the next 12- to 18-month period, U.S. bonds yields will decline and converge with those in Germany and Switzerland. Those yields will end up in negative territory, according to Edwards.
Well, we had driven 30 year down from 3.5 to 2% in a space of just 10 months (almost a 43% decline). More to come, most likely.
We don't know how this would affect bitcoin. Probably a mixed basket.
TL;DR If A. Edwards is right (and he certainly was on bonds) and we are going down 75-80% in equities in the next recession, I wouldn't be so sure about the apple cart
Every man and his dog have now successfully predicted a recession over the 18 months.
This to me is proof a recession will not happen in that time frame.
From the linked article:
The economist Brad de Long has noted that three of last four recessions were from unforeseen shocks in financial markets (the collapse of the dot-com bubble, the real estate bubble and the S&L crisis).
The current bond inversion is sufficiently foreseen that this recession will be avoided.
The US may not fall into recession, but a lot of the world will. US bond inversion is most likely due to the rest of the world's money printing. There is talk of the US playing around with 50 and 100 year bonds. If so, and maybe regardless, expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone. Time will tell.
432.
Post 52195191 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.59h):
Proud Boys
Antifa are just as bad or worse.
These 2 groups are what happens when you have a corrupt government full of sociopaths that only work for the rich and powerful.
You see the thing is that is often forgotten with groups like these, is that they generally want the best for the people and country. It's just that what they think is best, and the best way to go about it, is borderline insane.
For examples, why do you think the Nazis did what they did. Because they were evil? or because they thought they were doing the right thing in the interests of their country and people.
433.
Post 52195947 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.59h):
For examples, why do you think the Nazis did what they did. Because they were evil? or because they thought they were doing the right thing in the interests of their country and people.
Because there was a "good speaker" who together with his "Marketing team" managed to hit the right buttons and his message(s) met the ears of the sheeps who where open to follow that ideas. In the end those who stand up against that, got hunted down (+fear for not following) and everybody got a allegiance with what-ever they could follow in hords.
That was well thought by the initiatiors and it´s still the same for many groups, that "scheme" is working. "Find the right words and offer a hand to those who have nothing else in life to follow/feel attached to etc."
That's more of the how. Listen to their writings, they honestly thought they were there to save the German race and that if they didn't it would be the end of the Germanic people. Their methods (of course evil) are irrelevant, they believed they were doing what was necessary and what was right.
My point is why did they feel they needed to save their country and people? The Bolsheviks were the same.
Groups like these are created by the government ignoring the plight of their people and instead focusing on enriching themselves by serving the rich and powerful. The war between labor and capital never ceases.
434.
Post 52220519 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.59h):
These dumps are getting somewhat annoying, despite the buying opportunity.
435.
Post 52220634 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.59h):
I blame this dump on Bitcoin becoming sentient, over Lana Wachowski for going forward with a needless fourth installment of "The Matrix" series of films.
Transgenders ruin everything.
That's fair enough. But regarding the Matrix, IMO, it was ruined when they made a 2nd and 3rd.
Out of curiosity, why do you say transgenders ruin everything? Being gay I figured you wouldn't care about that sort of thing. Or is it because they are now less attractive to you?
The whole woman in a man's body is odd to me, and I think is kind of similar thing to people with "body integrity identity disorder"
436.
Post 52220798 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_16.59h):
Good mental health is serious business.
Can't agree more there. I'd say if there was no mental illness this world would be a damn utopia.
437.
Post 52299389 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.00h):
Seems to me, that we are almost right at our medium term support level. Hoping for a bounce.
438.
Post 52299464 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.00h):
FUCK.
Now you can panic.
93xx
First you hope 9-8-k-ish coins to buy cheap..... Now you panic, I really cannot follow your way of thinking
I am panicking either way.
When it goes up, I am panicking for missing the cheap coins. When it goes down, well I am panicking because it is going DOWN!
Ha, that's very true. The mind and emotions are a funny thing.
439.
Post 52299491 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.00h):
FUCK.
Now you can panic.
93xx
First you hope 9-8-k-ish coins to buy cheap..... Now you panic, I really cannot follow your way of thinking
I am panicking either way.
When it goes up, I am panicking for missing the cheap coins. When it goes down, well I am panicking because it is going DOWN!
Damn that must be stress full .... Do you still eat good, sleep good
I'm sure he's very used to it and not really in panic. I feel the same way just have no panic or stress.
It's a bit more like "damn I should have bought more when it was lower" and " c'mon just go up you bastard, 4 digits suck" kind of a catch 22 thing
440.
Post 52337068 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.00h):
I really like the look of this projected chart, especially the next ‘crash’ which shows the price at still over the current ATH. I can definitely live with that.
The problem with that chart is, the other 4 chars I shared were predicting $80-100k as the top, this one says it can go as high as $500k.
Where is the problem? If this one happens to be true and the others not, I won't be having enough btc to enjoy that $500k. I know I'll be having at least 1, but is it enough?
People will he cashing out to lambos like there is no tomorrow once we go above 50-60k. I find it pretty unrealistic to see it going above $100k in this bull run but who knows... what if...
I think it’s a good idea to plan to sell a good % below $100,000. I reckon it will act as some kind of sell trigger because psychologically people will fold at $100,000.
I might be wrong & FOMO might take us charging to $150,000 & beyond but I just have a hunch we’ll top out at $120,000 or something before the next bear market sends us crashing to $40,000 or something.
I don’t want to miss out on major life changing money & have to wait another 4 years until 2025 or something.
I think I might sell 50% at $70,000 or something (I change my mind & my strategy regularly though.
Whatever you do sell, make sure that it just doesn't sit in cash though. I will be selling some too, but, only enough to buy my family a home, and then enough to produce a passive income for myself. Everything else will stay in Bitcoin, and I will add to that stash where I can.
Edit: BTW, it's selfish to have children, not the other way around. I have one and my reasons were certainly not selfless. I wanted someone to care for, someone who will be there when I'm old, somebody who can enjoy activities with. All selfish reasons. Best decision ever as well. It makes you understand what is important in life. A good family, and child in particular, is where true wealth lies. Unmarried and always will be.
441.
Post 52337577 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.00h):
That's because the media has more and more control over the kids instead of their parents who work more and more. Parents should raise their kids and not reality shows like Jersey Shore, Kardashian's "reality show" and many others.
It's the parents who give that control because they're both lazy and it's easy.
Sad state of affairs really
That's true to a degree. But don't forget that the working and middle classes have been smashed by the elites and their cronies for sometime now. So both parents have (most don't want) to work just to provide a home and food. If the prices of these and other needs were at a reasonable level (say like the 1950s, 60s) meaning only one parent has to work yet still able to provide a home, food, car, etc. Children would have a parent at home to make sure they are raised correctly.
442.
Post 52392827 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
jbreher deserves every fucking bit of bashing that he receives, and maybe even more bashing than he gets.
+ 1 million
Everything you have said and more. jbreher associates with and has defended known scammers and fraudsters. What kind of person is morally capable of this, he is borderline sociopathic in nature and a danger to those who are unable see through his bullshit.
443.
Post 52400345 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
JJG, you may be a bit too wordy, but I'm glad that you spare the time to call out the destructive bullshit that jbreher spews in order to manipulate others. I am also thankful for Hairy's contributions as well.
444.
Post 52402572 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
looks like we may be heading back to the low 9s support level again. This one may be the last time though so if you want to buy more get your shit ready.
445.
Post 52443741 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
From time to time I post comments here from a contact that has some very close ties with high ups in the CCP. For anyone who is interested, Here is something I read from him today. His comment is in response to a recent macrovoices interview regarding China, trade deal, etc. And an article speculating on Chinas purported lack of dollar reserves.
Listening now and almost fell off my seat laughing at the whole " Trump and Xi kiss and make up to get a trade deal" talk. It is such a western view and coming from someone living in Hong Kong, it is puzzling how he can miss the background for the current niceties...
1. 70th anniversary on Oct 1 is key to Xi. But dropping existing tariffs and removing some key elements from the talks are also import to the Chinese position. Trump may cave, it is always possible, but Xi can't (not won't, can't). A Xi back down now will spell the end for the CCP and expose all the mishandling of issues in the economy and ag sector.
2. I have always said there will be some element of trade, and the timing for the 'trade" concessions by China is amusing because based on USDA data I saw, a large harvest is underway with out any markets to take a large percentage of the crop output. So, if true, China won't be paying nosebleed levels for ag goods because the US needs a market. On the pork side, pay attention to the US export data (10,000 ton pork exports to China last month) not the Trump tweets. Most of these exports are from Smithfields (Chinese owned) and in carcase form not processed which means it is actually costing jobs in the sector in the US.
446.
Post 52470013 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
This is either a fake out or we are heading down to 9400. Back up that truck at 9400 because it will be last time to load up for very likely the last time below 10,000.
447.
Post 52470152 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
Who poked the corn with a stick?!
Wasn't me but that's a big red dildo indeed
Not really. Only looks big because we have been in such a tight range for the last week. We're not down much more then 1%
448.
Post 52470206 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
Who poked the corn with a stick?!
Wasn't me but that's a big red dildo indeed
Not really. Only looks big because we have been in such a tight range for the last week.
True ... maybe I jest want it to go $200k too much
$200k! yeah that would be nice, I would like that.
449.
Post 52470297 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
Seems fake breakout...
Soon next up leg
fingers crossed
450.
Post 52470378 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
Seems fake breakout...
Soon next up leg
My gut feeling is that someone is cashing out. Sell wait for recovery, sell, etc.
That one looked technical to me. Support didn't hold and stops were triggered.
451.
Post 52470411 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
Seems fake breakout...
Soon next up leg
My gut feeling is that someone is cashing out. Sell wait for recovery, sell, etc.
That one looked technical to me. Support didn't hold and stops were triggered.
You are right. Could be whales selling, then when stop losses are triggered buy everything back including the cheap stoploss coins.
Yeah, and if that is the case we might be going back up without a break into the 9s
452.
Post 52475255 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.01h):
Good to see the bart on the charts. Could be that was the move to clear the longs for the break of the daily triangle that we are stuck in. We need significant break through 10450 for that.
453.
Post 52561454 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.02h):
https://twitter.com/realDonaldTrump/status/1149472282584072192So July 11 Trump crossed the Slayer line and lost my support by bad mouthing Bitcoin. Bitcoin itself put cosmic curse upon him and his demise was only a matter of time.
On July 25, just two weeks later, Trump made his fateful call to Ukraines leader and asked for him to investigate Biden, his top political opponent, and used frozen funds as a coercive measure to get his way. Now he is being impeached.
How many politicians will have to learn the hard way never to go against Bitcoin. Remember the AG who came at Bitcoin only to be disgraced and resign a short time later for beating and sexually abusing ex girlfriends.
Its time to face the fact that Bitcoin is a living hyper-intelligent entity that tears down its enemies one by one though mysterious ways beyond the apprehension of higher primates. Hail King Bitcoin.
Trump is not being impeached yet and even if he does, the senate won't convict, just like it didn't for Bill Clinton so it doesn't matter. I don't care either way here, but I think Democrats have really fucked themselves over with this one, it looks as though they are protecting Biden, and Biden appears to be guilty. Very possible the Democrats will lose votes over this, so this whole impeachment may be very positive for Trump.
First the Russians, then the supreme court issues, and now impeachment. Honestly, not a good look if they fail at this one too.
But fuck it all anyway, they can't stop BTC so it doesn't matter.
454.
Post 52572348 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.03h):
https://www.wsj.com/articles/fed-adds-110-1-billion-to-financial-system-in-latest-transaction-11569505632Another day another 110 billion USD printed in the blink of an eye to prop up banks and the Stock Market at the expense of USD holders.
"Thursday’s operations were the ninth and 10th since last week in which the Fed has intervened to calm roiled money markets. Rates on short-term repos briefly spiked to nearly 10% last week as financial companies scrambled for overnight funding."
QE 4 is upon us and they are in full crisis mode even though stocks are at an all time high. This is historically unprecedented yet barely a blip in the headlines as Trump consumes the majority of media attention as usual.
Yes we are dipping hard and the WO bottom memes to end the carnage have not yet arrived, but when we start mooning again look the fuck out because its about to get crazy and cheap prices like this will never be seen again once we retake 10k.
TLDR:
Its happening. Your confidence fills me with joy joy feelings
455.
Post 52720667 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.04h):
Well that’s nice
That's what I thought till I just looked again.
456.
Post 52720717 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.04h):
Well that’s nice
That's what I thought till I just looked again.
Possibly, we are being played.
Jury is still out.
Played or not, Bitcoin will fuck them all in the end.
457.
Post 52724726 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.04h):
Aryan wannabe - Nazi member r0ach, Editor of the magazine "The Small Penis Society" and founder of "Ilovetosuckdick.com", cannot admit to his Jewish origin & thoroughly mixed bastardized bloodline, but instead trash-posts on WO, busting our balls with dick-less propaganda and whining about the last time a woman talked to him.
Huge strap-on fan. Looks forward to trying the other side of a glory-hole.
hahaha, that's classic roach
458.
Post 52759943 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.04h):
107,848 bitcoin were just transfered for a 0.02 bitcoin fee.
That's $900,000,000 transfered for $166.
No government, bank or third party had to verify the transactions, nor could they have stopped them if they wanted to.
The true power of bitcoin. 🔥
https://twitter.com/Rhythmtrader/status/1183846143442280449Corn is on the move!
That is a fuck load of corn.
you can never have too much corn.
Except the edible kind which is high in carbs.
459.
Post 52851299 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
damn those red candles
460.
Post 52851364 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
6500 is apparently cost of production these days, it will be interesting to see what happens if bitcoin gets to those levels.
461.
Post 52851449 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
6500 is apparently cost of production these days, it will be interesting to see what happens if bitcoin gets to those levels.
Cost of production depends on many factors worldwide. Many miners are already working with no profit at this level.
Yeah maybe, but they would be miners on the margin. Hash rate is at a high and difficulty hasn't dropped yet so there has been no miner capitulation of note yet.
462.
Post 52851491 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
Just to be on-topic for a minute, so no one can say that I never was, I think we're not going much lower for quite a long time, if ever. We may briefly touch $7700 but that's it.
I'll even put my name on it.
Quoted
Whoops. Damn, it only took 4 hours for me to be proven wrong. If it pulls back up a couple hundred in the next hour I will continue pretending I was right.
better get out there and start buying then
463.
Post 52859519 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly.
I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.
The really strong support is at 6500 so hopefully the Bargain Boyz will step in and load their trucks with massive volume at that level and end this mini bear market inside our bull market that started in Dec. 2018, because this so far has been a dud and the true Bargain Boyz have not arrived yet.
A 6500 dollar bottom would still be extremely bullish as we were in the 3-4k range earlier this year. That is where the true run to 100k starts imo and hopefully it happens sooner than later so we can be done with this mess created by the overzealous parabolic run this summer.
What I find interesting about this drop is the volume it has created on Bakkt. Another thousand down and we will see volumes increase again. Potentially this is when Bakkt starts to pay off.
464.
Post 52880210 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
Wow what a day, probably over now though.
465.
Post 52893714 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.05h):
It's funny how so many people try to predict the future price of Bitcoin, when the answer is obvious:
Long-term: UP!
Short-term: Roll a dice!
I just buy when I can, HoDL, and don't look at the short-term price action much. It's the easiest and least stressful strategy that almost guarantees profits. Has served me well.
Also, I have bitterly regretted EVERY single time I could have bought, but didn't... Which confirms the above strategy.
Couldn't agree more. Back in 2013 when I first got into Bitcoin, I did it because it seemed like a good investment.
Because it was an investment, I would worry about my buy in price, I always wanted to maximise my profit and of course regretted missing bottoms here and there and wish I allocated more of my investment stash.
For the last few years my attitude has completely changed, assisted by the drop in rates by my home country's CB I now view Bitcoin for what it actually is. Not an investment, but as a savings vehicle, I am saving for my retirement and my children's future and I do that not with a savings account, but with Bitcoin.
For years the central bank and my government has been destroying my savings through corruption and inflation, not any more, all my excess income now goes straight into bitcoin and will stay there forever. And that's how you do bitcoin people. It's not an investment, it's a savings vehicle. Strong hands forever.
466.
Post 52942324 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.06h):
back to 9000 again. Whenever the price gets down here though the bears side of the order book looks weak as piss, hence why we are getting these bounce back of it. According just to the order book I don't think we'll be down at these levels for much longer.
467.
Post 52976709 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.06h):
Eyeing off the order book on bitstamp, it seems that the bears are gaining a bit more support. The sell side is growing and will soon balance out the buy side. This will make it easier for the price to go down. Still not even on the buys and sells, but getting there.
I'm hoping we don't have a bart on our hands.
468.
Post 52978932 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.06h):
Seriously, apparently every bull run ever in crypto was done by scammers according to these establishment fuckwits. Same old story every time. God forbid it is actually normal people realizing how fucked up the current system is and then desiring to move their wealth and labor elsewhere.
Let me guess if it wasn't for this whale, tether, willy bot, random scapegoat, etc the price of BTC would be zero. Because who would want an asset that is completely separate from that always awesome store of value called government fiat. No one that's who, only scammers and Whales. Everyone dump your bitcoin for fiat, because its current value is only because of 1 whale, not 2, not 3, but 1.
Fucking geniuses.
469.
Post 52983587 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.06h):
Eyeing off the order book on bitstamp, it seems that the bears are gaining a bit more support. The sell side is growing and will soon balance out the buy side. This will make it easier for the price to go down. Still not even on the buys and sells, but getting there.
I'm hoping we don't have a bart on our hands.
Don't we already know that frequently looking at orderbooks, we frequently see reverse indications, so in that regard if sell orders are stacking up on bitstamp, then frequently the price will move in that direction and if the buyers can buy up all of those coins on the order book, it becomes a kind of free sailing once they get through the stacked up coins on the order books.
This is an old play, somac. It's been seen many, many, many times in bitcoinlandia, so in other words, it seems quite dangerous to presume that BTC's price is going down or failing to go up, merely because sell orders are stacking up on various order books whether on bitstamp or other exchanges and even if you see a pattern of sell orders piling up across many exchanges.
This is true JJG, but only when the order book is not overly one sided, and when I made my comment it was not overly one sided, but it also had that bart look in the price action and sell orders were growing (still more buys at the time), which is why I mentioned it.
However, when the order book is incredibly one sided, from my experience, it is 90% accurate that a turn around happens. Next time there is a dump (or bounce) happening keep an eye on the order book, if it starts to take more then twice as many coins (triple is better) to move the price down then up, very soon you will see a strong bounce. Fantastic thing to trade, but have to do it without stops.
470.
Post 53088180 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Well, talking about the old timers.
Jesse Livermore said that once you start counting on the market to do something specific that would allow you to buy a new house, etc, like "it would go to 100K in 18 mo", it always bites you in the proverbial ass. In 2017 NOBODY expected 20K when it was still below 1K in march or april, yet it happened.
That's exactly what worries me the most: Having so much hope that Bitcoin will get over the previous ATH sometime in the next couple of years as if it were an almost SURE thing... really scares myself and makes me wonder if I am just being naive/delusional.
Also, the amount of hodlers that have plans to sell a significant percentage of their stash during the next bull run seems (maybe I am wrong) to be way bigger than previous times (where there were much less expectations). That alone would require huge liquidity on the buy side just to sustain the price.
As long as Bitcoins user growth continues, Bitcoin is mathematically designed to appreciate in value over the long term. That's what the halving is all about. So keep an eye on demand only, because the supply side is sorted.
There is however the existing supply that is being saved (hoarded), you also need to keep an eye on that. But, as previous runs have shown this is taken up very easily by increased demand and coins aged over 5 years are unaffected. See link:
https://hodlwave.com/ Bitcoin is what is known as a supply restricted market. These types of markets always have large booms and large busts. Think of the property markets that are also supply restricted. Some Californian cities are a good example. Restricted supply of new housing (supply) and high international and national immigration, with loose credit conditions (demand). On the way up everyone holds onto their home because it goes up in value more than the earn, and everyone who doesn't own wants in quick because FOMO for a basic living requirement. These are the new holders. Of course at some point the price just gets too high, fraudulent lending finds no more customers, then price starts to dip. We all know what happens next.
Then look at some of the cities in Texas, these don't have large swings in price despite having high population growth (demand). Why? because they build shitloads of housing (supply). Even with the same credit conditions as California these houses don't go ballistic in price.
In summary, demand matches supply, all good. Demand outstrips supply, like it always does every 4 years with bitcoin, boom!
471.
Post 53097202 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Moon when?
You know better than everyone else causes you are "Legendary", I still think it's later this month not 100% accurate There is a possibility.
Everyone's question is whether the halving has been priced in already or not.
Yeah same to me a lot of time discussion BTC price and halving a lot of people said that bitcoin pumped and movement near "halving" but not sure people just idea, that so bitcoin is the real main pairs so opinion going more and more so that we have conception "Moon soon" before halving.
A halving doesn't get priced in. It might get temporarily pumped by whales beforehand to screw over the noobs, but, that's it. The halving is purely a supply and demand thing. Over the long term, the reduced supply will absolutely increase the price, provided demand remains the same or increases. I've said it before, mathematically bitcoin is designed to always increase in price, just as fiat money is designed to reduce in price.
The reduction in supply can't be priced in before hand, because there is too much supply to maintain a priced in (higher) price. Same as any commodity.
472.
Post 53137722 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Interesting fact: the expiration date on water bottles is for the bottle, not the water!
Can anyone tell me what movie that scene is from? I've been trying to work it out for about a week. I know I've seen it somewhere just can't remember where?
473.
Post 53144358 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Tesla unveiled the new cybertruck just now.
Some very cool features but absolutely hideous. I really thought it was a joke at first.
Damn! you sure that's not a joke?
474.
Post 53146328 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Bit of a slaughter today, rushing to buy more bitcoin now.
475.
Post 53146403 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
holy fuck. that was unexpected.
350DMA is dead.
Now we can panic. IT IS TIME TO... PANIC!
and panic is when it is time to buy
476.
Post 53146432 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Honestly, my response to this is "meh".
But I am seasoned when it comes to bitcoin.
477.
Post 53147308 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Damn i'm a permaBEAR, I even don't know I have any coins actually, but I do love hanging around here
Its cool, we like seeing your posts about spending money rather than investing in the King, Mr. Team Bearsons Leader
hahahahaha
You seem to have some correct in you from time to time, lambie bambie.
When there are posts about extravagances, then that seems to be an opposite behavior to HODL and accumulate... especially when the BTC prices are dipping.
Seems that we might need more McDonalds posts and possible ways of frugality during these kinds of trying times.
If you have a substantial stash of coin, retired off it, need income but are loath to sell at these prices, consider earning weekly interest on a portion of holdings through Celsius. It's way better than selling.
How secure is Celsius though? how do they earn their interest. I have a tiny amount in there but am paranoid to put in any more.
478.
Post 53147411 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Ok, my mini panic is over (I always have one when we start a sharp descent).
I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited
What do you consider wealthy?
1 million
5 million
10million....
For me personally 5 million is enough to live a nice, comfortable, enjoyable life.
If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days...
So you'd keep it in Bitcoin then. Nothing safer IMO.
479.
Post 53147583 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Ok, my mini panic is over (I always have one when we start a sharp descent).
I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited
What do you consider wealthy?
1 million
5 million
10million....
For me personally 5 million is enough to live a nice, comfortable, enjoyable life.
if you plan to retire based on your
BTCitcoin wealth and the price reaches your target you should hedge (with Futures or Options) against further price decline. it is better than convert into FIAT IMHO. you will be protected from decrease of the price but you will also not participate on further price increase. it depends on what type of human being you are. more a safety searching one or more a gambler one.
Interesting, I'll look into this.
480.
Post 53147602 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.07h):
Ok, my mini panic is over (I always have one when we start a sharp descent).
I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited
What do you consider wealthy?
1 million
5 million
10million....
For me personally 5 million is enough to live a nice, comfortable, enjoyable life.
If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days...
So you'd keep it in Bitcoin then. Nothing safer IMO.
I cant stand these ups and downs anymore.
If you want to be able to stand it. Do more reading on how shit, rigged, and corrupt the legacy financial system is.
481.
Post 53171416 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.
https://twitter.com/bakktbot
482.
Post 53171498 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
time for two bottoms yet?
Hell, feel free to post bottoms even at a top.
483.
Post 53171516 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.
Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.
But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.
484.
Post 53171560 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.
Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.
But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.
Your naive optimism is refreshing so have a +sM but I agree with Becoin.
Not saying it's not true, but we don't have any evidence either way yet. If 6 months after the halving we are down at these levels there might be some truth to it, and my suspicion will rise. But, until then I'll go off facts.
485.
Post 53171662 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
Bounce would be nice.
486.
Post 53171764 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
Dayyym, down she goes. Surely Jimbo is on his way home soon.
Punching the clock until spring, gonna let surf, sun and wind rule life for awhile. Whadayagonnado, just keep buying as it gets cheaper. What's the mining cost again?
I've heard chatter that 6500 is when some miners will start pulling out.
487.
Post 53171803 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
The Bargain Boyz clearly have no interest in these prices so its going lower.
If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.
They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.
This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers. A small price to pay to be one of the future financial elite.
5200. A lot of miners won't be profitable at those levels.
488.
Post 53174362 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.08h):
Hu guys! I have a big respect for all who post here!!! I am a new generation honey badger and learned a lot from you! I am contemplating to take a bank loan equal to 2 year salary. My bank has some good 5 year credits (about 12% interest for the whole period). Even if the price falls to the 3100 bottom, it will recover soon, I have no worries about that. This is probably the last chance to increase my stash with several whole coins before the halving.
P.S. My friends who were afraid to buy at 3100 earlier this year, are now planning to invest serously. Bull sign that good times are ahead!
Fortune favours the bold my friend. But, if your are going to do something like that make sure you can afford a 100% loss. It's not just the price going down. Exchanges can be hacked (lose coins if kept there), private keys can be misplaced, hardware wallets can be lost, 24 word seeds written down could be found by others.
So if you are going to take a loan, make sure that all your bases are covered first.
Good luck!
489.
Post 53308323 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.09h):
Also I am still fearful that so much expectation from so many people about the halving could not result in the expected outcome and when I see "predictions" for the next 2-5 years like $50K, $100K and over I get nervous. Well, we will see. Whatever it has to be, just let it be. I will just HODL (and try to sell *some* when the time price comes).
I remember the period before the halving in 2016, and I can assure you there were just as many predictions (on a per capita basis, bitcoin community was much smaller then with little mainstream pickup) about how the price was going to boom. The only difference this time is that they are putting lofty price targets along with the prediction. It seems that the only reason why these price predictions are happening this time is because of the very popular stock to flow analysis by PlanB.
I am not fearful at all, and anyone who has an understanding about supply constricted markets shouldn't be fearful either.
490.
Post 53415646 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.10h):
Nice to have a bit of a Santa rally. Hopefully we get a bit more Christmas cheer and a Happy New Year.
491.
Post 53459013 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.10h):
Maybe also disable the damn superfetch service (google) which makes a windoze pc become a memory swapping machine over time.
One of the greatest WinNT 5 misconceptions, already "tested" from WinME upwards.
I sped up most windoze boxes that were one to three years old considerably, just by disabling this stupid memory prefetch service bug (because it's NOT a feature, imo)
It's still prefetching unless you turn off: HKEY_LOCALMACHINE > SYSTEM > CURRENT CONTROL SET > CONTROL > SESSION MANAGER > MEMORY MANAGEMENT > PREFETCH PARAMETERS > ENABLE PREFETCHER
OK I found ENABLE PREFETCHER, how do I turn it of? There is no of option, do I delete it?
Set to 0
492.
Post 53566632 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.11h):
And then I start to wonder what others would think/do in that situation... I mean... If the extraordinary gains Bitcoin has given in the past were not there anymore... Would most of you guys keep holding/using it as a store of value or, on the contrary, would that make you cash out an even bigger part of your stash because you were mostly hodling in the expectation of awesome future profits?
Know what I mean? What would you guys do if/when the constant staircase growing of Bitcoin stagnates?
When it looks like bitcoin is not going to get the large 10-20x moves any more, everyone will be holding it and buying more each week. Why? Because the alternative will be owning fiat currency and anyone who understands the global economy and it's monetary system knows that holding fiat is a bad idea.
People who don't understand the global economy and it's monetary system, but who live in Iran, Zimbabwe, Venezuela etc, also understand why you don't want to own fiat. Fiat is good for exchange of goods, definitely not hodling.
I think most long-term people in the crypto space are confused with what they are doing. They aren't investing, but rather saving for their future. Same as putting your money in any other asset that is fairly or under valued.
As long as I am earning an income through my labour, I will continue to save this income for the long-term in bitcoin, no matter the price.
493.
Post 53627344 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
Has anybody here ever bought BSV?
Please, be honest guys. I could do with a good laugh.
Don't be coy. You *know* I did.
Laugh all you want.
Just getting started.
Genuinely hope you sell before 3rd Feb. Take your profits (probably handsome profits) and run.
And abandon the truest implementation of satoshi's documented architecture? Not on your life.
If you seriously think the BSV is the best, and the one, why do you still own Bitcoin? You should sell all of your Bitcoin and only own BSV. Unless you do this you are nothing but a shitcoin shill and you don't actually believe in satoshis vision at all.
How about we get some transparency and you tell us what percentage of your crypto investments/savings are in which coins? Because if Bitcoin is more than 0% you are a dishonest prick who doesn't follow what he preaches.
494.
Post 53627413 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
Has anybody here ever bought BSV?
Please, be honest guys. I could do with a good laugh.
Don't be coy. You *know* I did.
Laugh all you want.
Just getting started.
Genuinely hope you sell before 3rd Feb. Take your profits (probably handsome profits) and run.
And abandon the truest implementation of satoshi's documented architecture? Not on your life.
If you seriously think the BSV is the best, and the one, why do you still own Bitcoin? You should sell all of your Bitcoin and only own BSV. Unless you do this you are nothing but a shitcoin shill and you don't actually believe in satoshis vision at all.
How about we get some transparency and you tell us what percentage of your crypto investments/savings are in which coins? Because if Bitcoin is more than 0% you are dishonest prick who doesn't follow what he preaches.
He has disclosed it in the past. He had more BSV coins than BCH coins, and more BCH coins than BTC coins but... considering price, he had much more MONEY in BTC than anything else.
He had just said that he considers BTC his hedge, not otherwise. Which is bonkers and I am still "processing" that statement but... I can't say I don't see some coherence in his stance: If he really expects BSV to surpass BTC in price (yeah, he has just said that!) and he already has more BSV coins than BTC coins then the "hedging" might make some sense.
Except he is wrong and BSV will never succeed.
Bleh, everyone is free to do whatever they want with their money.
A hedge! give me damn break. If you are a believer you don't hedge. Does a Muslim also practice a bit of paganism to hedge his bets. If he truly believes that BSV is better, and right, why hedge? it makes zero sense unless he doubts that BSV is actually the right one.
495.
Post 53627473 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
Has anybody here ever bought BSV?
Please, be honest guys. I could do with a good laugh.
Don't be coy. You *know* I did.
Laugh all you want.
Just getting started.
Genuinely hope you sell before 3rd Feb. Take your profits (probably handsome profits) and run.
And abandon the truest implementation of satoshi's documented architecture? Not on your life.
If you seriously think the BSV is the best, and the one, why do you still own Bitcoin? You should sell all of your Bitcoin and only own BSV. Unless you do this you are nothing but a shitcoin shill and you don't actually believe in satoshis vision at all.
How about we get some transparency and you tell us what percentage of your crypto investments/savings are in which coins? Because if Bitcoin is more than 0% you are a dishonest prick who doesn't follow what he preaches.
Rather testy, aren't you? You don't have any right to demand I divulge my holdings. As I posted above, my BTC is my hedge. Period.
Plenty of people here (yourself included?) have at least some trivial holdings of other-than-BTC. Why don't you jump down their ass? Asswipe.
IOW, STFU.
Fuck you jbreher, I don't come on here banging on about shitcoins like you do. I don't want to know your numbers, I'm looking for percentages. My percentages are as follows > 95% $ value in Bitcoin rest is in a couple shitcoins and those random shitcoins are not what we are talking about. BCH or BSV is 0%, why? because I don't believe in them. What do version of Bitcoin to you believe in? and if so why do you invest in the other versions?
496.
Post 53627490 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
A hedge! give me damn break. If you are a believer you don't hedge. Does a Muslim also practice a bit of paganism to hedge his bets. If he truly believes that BSV is better, and right, why hedge? it makes zero sense unless he doubts that BSV is actually the right one.
I added some more comment on my post that maybe clarifies that part. He doesn't need to bet to all or nothing. He already have "all" in any possible outcome. That's a pretty comfortable position and it would be really stupid to fuck it all for "religious" reasons.
That's my opinion about what I understand about his position. Other than that, you should directly ask him
I'll tell you what it is, it's insincere. I bet he'll be telling noobs that BSV is the correct bitcoin yet fail to mention that he has large holdings in the other 2 coins.
497.
Post 53627502 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
If he truly believes that BSV is better, and right, why hedge?
Because the market can stay irrational longer than I can stay solvent, grasshopper.
That's a bullshit excuse and you know it. And if that is the case at what point do you trade your BCH and Bitcoin holdings over to BSV? Never maybe, because a market can stay irrational longer than you can stay solvent?
498.
Post 53627526 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
Fuck you jbreher, I don't come on here banging on about shitcoins like you do. I don't want to know your numbers, I'm looking for percentages. My percentages are as follows > 95% $ value in Bitcoin rest is in a couple shitcoins and those random shitcoins are not what we are talking about. BCH or BSV is 0%, why? because I don't believe in them. What do version of Bitcoin to you believe in? and if so why do you invest in the other versions?
You sound salty.
According to you, if I fully believe that BSV will be the ultimate victor, I should not hold anything else.
Yet you hold somewhere near five percent shitcoins.
You really don't see your inconsistent position?
I'm not the arsehole out here consistently saying how Bitcoin is not the true Bitcoin and that BSV is. And I don't own any BCH or BSV because I believe they are not the true Bitcoin. The other shitcoins I own do not conflict with Bitcoin, they also don't claim to be Bitcoin, big fucking difference.
499.
Post 53627560 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
If he truly believes that BSV is better, and right, why hedge?
Because the market can stay irrational longer than I can stay solvent, grasshopper.
That's a bullshit excuse and you know it. And if that is the case at what point do you trade your BCH and Bitcoin holdings over to BSV? Never maybe, because a market can stay irrational longer than you can stay solvent?
Maybe. Maybe tomorrow. Either way, I'm not going to call to inform you before I do.
I don't want you to inform me, I want you to admit that you don't fully believe in BSV. With every post you try to peddle here about BSV being the correct Bitcoin, you should probably have a disclaimer saying that you also own a significant portion of Bitcoin and BCH. Just to make things clear.
500.
Post 53628555 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
Looks like somebody out there would really prefer it stays below 9k for some reason.
501.
Post 53629878 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
Received & confirmed with thanks!
Message to r0ach:
LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.
I wish I had some merit for this post. One of the best I have read and If you don't mind I'd like to pass it on to some people?
502.
Post 53635079 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
If he truly believes that BSV is better, and right, why hedge?
Because the market can stay irrational longer than I can stay solvent, grasshopper.
That's a bullshit excuse and you know it. And if that is the case at what point do you trade your BCH and Bitcoin holdings over to BSV? Never maybe, because a market can stay irrational longer than you can stay solvent?
Maybe. Maybe tomorrow. Either way, I'm not going to call to inform you before I do.
I don't want you to inform me, I want you to admit that you don't fully believe in BSV.
Tough shit. That would be a mischaracterization of my position. Which you do not get to dictate.
With every post you try to peddle here about BSV being the correct Bitcoin, you should probably have a disclaimer saying that you also own a significant portion of Bitcoin and BCH. Just to make things clear.
That would be repetitive and redundant.
Repetitive maybe, redundant my ass. You are a scammer that claims BSV is Bitcoin, you defend and encourage BSV at every turn while deriding Bitcoin. Yet you hold significant sums in both BCH and Bitcoin. You are a shill who doesn't practice what he preaches and I'm sure anyone who you encourage to buy into the scammers paradise of BSV would be very interested to know that you don't actually believe it is Satoshi's Bitcoin. Because if you did you would not have large holdings in BCH or BTC.
In summary, when BSV and BCH both claim very aggressively to be Bitcoin and you claim the same, but still hold BCH and Bitcoin you are a damn scammer and shill. End of story.
503.
Post 53635748 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
You are a scammer
Being a scammer requires a victim. Who have I scammed, somac.? Name the aggrieved party or STFU.
Anybody you convince to invest in your scam coin by pretending that it is the real Bitcoin when it isn't. It must be nice for your sociopathic tendencies that you can sit behind a screen and pretend that your ramblings and lies aren't manipulating any "victims" just because the anonymity of this forum hides the noobs "victims" from you.
Anoyminity is great for a lack of empathy isn't it. I bet you feel real fantastic about yourself.
504.
Post 53644969 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.
Hmm, off course you don't really believe that do you. Because you have large holdings in both Bitcoin and BCH.
You refuse to put your money where your mouth is.
505.
Post 53645105 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.12h):
BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.
Hmm, off course you don't really believe that do you. Because you have large holdings in both Bitcoin and BCH.
You refuse to put your money where your mouth is.
Why should he not diversify or hedge, whatever he believes.
This argument, dump everything else to prove anything is silly.
How is it a hedge? The whole crypto market goes in sync. A hedge would be in another non correlated market, or perhaps using futures/options.
Nope, it means he doesn't believe that BSV is actually better.
506.
Post 53762567 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.14h):
^
Jeep, I've always had one at home, you can do anything with them.
Self levelling active air suspension my man. The wheels should go up and down but the cabin should remain stable. That guy in the backseat isn’t going to have a spine left.
Yeah it was so bad they used to get something called Jeep riders' disease back in the war.
507.
Post 53806450 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.14h):
Anything burning fuel produces SO2, including my truck.
The African Swine Flu is still happening over there I think. They could be burning off the pigs. Either way trusting anything coming from the CCP is the same as trusting anything coming from the Soviets when they existed. Utterly pointless.
We will not know the full extent of this crisis for some time, and maybe not at all.
508.
Post 53806514 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.14h):
They are being supercautious because they don’t know what they are dealing with.
Doesn’t prove or disprove anything.
Am watching the cases in Western jurisdictions closely. So far no explosions of infection from the French or German cases.
Given the amount of air travel from Hong Kong and Singapore, cases currently are surprisingly low.
That's what I'm watching too. I can only hope that every other countries systems can handle this better than the Chinese and being that they are more open than the Chinese, not punishing doctors etc we might have a chance. And seem to be taking things more seriously as well.
However, take Singapore as an example. They have 40 cases currently. Apparently Hubei/Wuhan had the same on the 17th of January then in the next 2 weeks things exploded. We definitely still need to wait and see before judging how things go outside of China.
509.
Post 53806558 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.14h):
The statistics coming out of Hong Kong definitely looks suspicious. The Singaporean case studies are very detailed. They seem to be taking contact tracing quite seriously. So far, they seem to be truthful but hard to tell.
Yep Hong Kong can't be trusted, their citizens will tell you that.
Singapore though, is the best we have. Close to Asia, rich, a government that is pretty honest and does look after it's people despite being authoritarian in nature, fantastic health system, plenty of travel from China before being stopped, and very urban. This is the one to watch I reckon.
510.
Post 53900057 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
They're pulling out all the guns with these regular dumps. They'll be out of ammo soon. Bulls seem to be having no trouble absorbing these dumps either. Halving coming up. Bitcoin to the fucking moon people.
511.
Post 53908879 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
Have you ever had to be super nice to a boss, teacher, cop, coach or lecturer you hated?
Not answering for Lambie, and only relevant for boss and teacher (no issues with the others). But I can honestly say not once have I ever had to be super nice to someone I despised or someone who I would personally benefit from. This is probably the reason why I have a low paying job, but I would never ever go against my morals and what is right. Even if that means lack of success or losing my job.
I don't know the case though so not saying the women did anything wrong. Just wanted to answer that question because I think a lack of people with my beliefs is the cause of so much grief that we see today.
The truth even if the heavens fall.
512.
Post 53908931 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
Have you ever had to be super nice to a boss, teacher, cop, coach or lecturer you hated?
Not answering for Lambie, and only relevant for boss and teacher (no issues with the others). But I can honestly say not once have I ever had to be super nice to someone I despised or someone who I would personally benefit from. This is probably the reason why I have a low paying job, but I would never ever go against my morals and what is right. Even if that means lack of success or losing my job.
I don't know the case though so not saying the women did anything wrong. Just wanted to answer that question because I think a lack of people with my beliefs is the cause of so much grief that we see today.
The truth even if the heavens fall.
My sense is that, whether you are a man or a woman, to get ahead in Hollywood you have to be super nice to a lot of assholes.
A disgusting industry if so.
513.
Post 53908977 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
Hang on. I thought the car salesmen were the assholes?
514.
Post 53916017 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
Corn is looking a bit sickly. I've noticed that as the price has been dropping the order book on the ask side grows fairly quickly again. In my mind this would indicate that for now sellers are chasing the price down. I hoping that this is not a large long-term down channel. See pic. Seems unlikely.
515.
Post 53921579 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
Sigh! looks like we're going lower again the order books are evenly distributed again. Sellers are definitely chasing the price down.
No worries though, they will run out of coins soon and the further down it goes the more BTC I can get with my fiat. Halvening on the 12th of May, less coins for the sellers and less for us buyers.
516.
Post 53922841 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
Order book on the buy side starting to get some love now. Only a little but this is a good thing, keep putting in the orders people. I have to wait till next week
517.
Post 53922856 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.16h):
If..... coronavirus wiped out a large portion of the elderly, it would solve 2 huge problems most young people face. Both of these problems were caused by money printing and big government.
Problem 1: Unaffordable housing.
The house market would crash like never seen in modern history if 10s of millions of homes all of the sudden had dead owners and hit the for sale inventory. The young survivors could easily afford homes at that point.
Problem 2: Unaffodable healthcare.
The healthcare industry makes the vast majority of its money form the elderly. A person usually spends more on healthcare in the last 6 months of their life than on their entire life prior.
People with sixth months to live will effectively be wiped out now if the Coronavirus spreads throughout humanity. Anyone in that bad of shape has little chance of surviving.
Prices will have to come down massively as the healthcare industries best customers all perish. I keep reading about drug companies not wanting to spend money on coronavirus vaccine research, but if they dont find one all of their most lucrative customers will die.
Yeah, but you know what, I still don't want my dad to die.
518.
Post 53928129 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
With how things are accelerating with the virus, do you think it could be "over" in a way quicker than first thought, basically things going back to this being a "bad flu year" but no more going crazy with quarantines, closing plants, closing schools, stopping tournaments, things that are proving ineffective anyway, aside from hurting the economy ?
Forget about containing this thing. The idea with the quarantine is that it slows the infection rate down substantially so the health system does not get overloaded so much. There is a paper floating around about the quarantine effort during the Spanish flu comparing Philadelphia and St Louis. Philadelphia did no quarantine measures, where as St Louis did lots.
Result. Philadelphia epidemic was a month shorter, but apparently a much higher death rate than St Louis.
So yes quarantines will still happen, and are absolutely the best thing to do.
519.
Post 53928139 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Think we are at a bottom. Sell orders have not been increasing and are in fact decreasing slightly.
520.
Post 53928642 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Think we are at a bottom. Sell orders have not been increasing and are in fact decreasing slightly.
It's not a good thing to make a decision only on the orders. The big players don't want you to know when they sell or buy a big amount. When they put a big order that's when they want you to know. You think you can't sell or buy without the orders?
I know that, but it has been a good indicator for me for a long time now. Better than any other indicator I've watched. Doesn't always work but nothing does.
521.
Post 53928661 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Almost no virus in Africa and South America.
And why do you think that is?
522.
Post 53928695 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Almost no virus in Africa and South America.
And why do you think that is?
Please explain, would it be there, but just not in the news? Have seen some in South America but still...
I'm curious?
Summer is part of it, will put a pic up soon. But the big one is lack of reporting or testing. Take a look at Indonesia, massive connection with China, particularly air travel. No cases.
3rd world countries all seem pretty immune. Hell of a coincidence.
523.
Post 53928699 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
524.
Post 53928726 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?
Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, in a months time few people are going to know where they caught it.
525.
Post 53928739 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?
Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, most in a months time few people are going to know where they caught it.
How do you know that? What if they didn't have any contacts with nobody?
What? a virus does not just spontaneously create itself or teleport from one location to another. I know that doesn't happen because science.
526.
Post 53928766 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Almost no virus in Africa and South America.
Not a single infection in central America and a single in South America (Brazil)
3 have been in whole of Africa, 1 recovered
China has active land borders with 13 countries 9 of them no-one infected ever.
The 4 countries who did have 22 people infected all recovered.
No neighbor country has anyone infected currently and none deaths in those countries.
North Korea 0
Mongolia 0
Kazakhstan 0
Kyrgystan 0
Tajikistan 0
Pakistan 0
Myanmar (Burma) 0
Bhutan 0
Laos 0
Nepal 1
Russia 2
India 3
Vietnam 16
Edit; Pakistan has 2 infected.
Those countries have cases, just not tested for them yet or reported. Just like Indonesia.
527.
Post 53928777 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?
Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, most in a months time few people are going to know where they caught it.
How do you know that? What if they didn't have any contacts with nobody?
What? a virus does not just spontaneously create itself or teleport from one location to another. I know that doesn't happen because science.
Yea it's strange to me that the cured people could get the infection again after a very short time. Is this even possible?
It seems like this could be true. First reports of this out of China, were not solid evidence, put down to a clerical error I think. But, Japan had a case recently where a woman was reinfected, it is possible that maybe she never got rid of it though and it just came back. Either way, this is bad, and do everything you can to avoid it.
528.
Post 53928794 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
529.
Post 53928913 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
In other news, watch out: Latest Mozilla update wants to route your DNS queries through cloudflare. Which since it's an internet provider means the Govt will be able to see all of your queries without a warrant.
(Run your own DNS servers ffs)
wonderful. ive donated to them numerous times.
Use it people. And yes, they accept bitcoin and zero KYC.
530.
Post 53928977 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Offtopic... Observing $8562. This is bullshit!
Yeah I'm not liking it. I thought we had finished with all this bullshit. Apparently not.
531.
Post 53932390 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Also remember redundancy can be expensive: When the power goes out you don't need to have a generator big enough to run your house for a month. What you need is enough power for the fridge, a lamp (really nice when it gets dark), the fans for your wood stove (in winter), cell phone charging (surprisingly little), a weber grill, and a coffee machine (because waiting in line for coffee sucks). I've done this for a week, it's really not that big of a deal and having cold beer, a light at night, and coffee in the morning goes a long way towards feeling civilized and appropriately smug at those without.
So.... Keep things in perspective. Try not to be part of the mass migration herd, either be the first one out (tricky to time) or wait a week till things settle down.
Or solar + a Tesla battery and pretty much run your household as normal
Solar hot water is the go too. Those tube things they use these days are pretty damn awesome.
532.
Post 53967621 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
A lot of mights and mays in that. Can't wait till we get some solid research papers out on this.
533.
Post 53985063 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.17h):
Oh what now ?! Sheeeit.
Fuck.
EDIT: Observing $8,771 and falling.
I know right. It's like this shit just won't end. Halving will take out some supply which will be good long term, but this short term crap is annoying the hell out of me.
Looks like a head and shoulders developing on the daily, if that happens price target would be back to the 6500 area again.
534.
Post 53988023 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Here's what you do if you run out of toilet paper. Jump in the damn shower.
535.
Post 53990944 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Looks like Luc was right about heading down to test 200wma
Yeah, I think we have a head and shoulders on the chart. Target is 6500 again
536.
Post 53991122 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years.
We may experience a dip for a while, but it won't last.
537.
Post 53991258 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Well bitcoin may be down 10%. But oil is down 21% and S&P futures are down 4.5%. I wonder how much longer the central banks will remain silent.
Edit: here come the 7s. whos ready to panic
538.
Post 53991266 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.
Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.
Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.
Basically it beats the shower and the hassle.
Especially if your ass is hairy.
Anyway, back to COV.
Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here.
539.
Post 53991359 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years.
We may experience a dip for a while, but it won't last.
Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion.
That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667.
That would be gruesome.
So far, his thesis (laid down 20 years ago re negative bond yields) is prescient.
https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392and (more recent)
https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.
Man, I was so down to spending the next few years just working and, hopefully, getting wealthier by btc investment.
Freaking fourth turning, right?
All sensible no doubt. But the one thing everyone fails to understand is that fiat money is just a unit a measurement and the central banks and governments effectively control this unit of measurement. If they want to change the measurement of the S&P to 10,000 points, they can do it, it is within their power. See any country with hyperinflation.
That's why these permabears are only right for short periods of time, they can't grasp the corruption of it all.
The problem with boosting assets though is the real economy, it doesn't care what the unit of measurement is. The real economy only cares about the real value of its components, and the real economy is made up of labor (peasants). Labor owns very few assets so having the S&P at 10,000 does not help them. Capital (rich fucks) on the other hand don't give a shit about the real economy, because they own all the assets, which, thank you central banks is at a very high level. This all equals bigger wealth divide.
So the permabears are right about the real economy, but wrong about the fiat numbers/units of measurements.
540.
Post 53991986 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.
Seems they only thing doing good today is cash under the bed
541.
Post 53992020 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.
Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.
Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.
Basically it beats the shower and the hassle.
Especially if your ass is hairy.
Anyway, back to COV.
Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here.
Metamucil, when I was fresh out of military service and got a job at the local hospital we used to give the older patients in the orthopedic department where I worked Metamucil. The thought of taking it now is just too close to those memories. I don't want to feel that old yet, although I'm sure it would give my poo a nice firm texture.
I've been having it since my 20s. It's hard to get enough fiber in your diet so this stuff really helps. Good amount of fiber also helps with cholesterol and probably reduces bowel cancer. But honestly, the best thing is just being able to take a shit in under 30 seconds and require very little to no toilet paper.
I would ignore your past experience if you can.
542.
Post 53992024 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.
The problem is in a country like Italy ..in frigging full crisis mode...what are you gonna dump first? The easy to cash out, the speculative coin that you have made
a profit on since you mined/bought or acquired such? Or stocks or bonds or cash (not have) or whatever to fill up your very needed, and like all of us, empty
catastrophic/emergency fund?
Everything is falling in this Black Swan Pandemic effect.
My own 'bet' (dubious) is that IF the Stock Market 'manages' and the rest to somehow find a floor and go
sideways for a few days to a week, BTC/Crypto will bounce back harder, like the Plan B Alternative.
If, not BTC/Crypto is just another speculative asset and not
in any way a 'store of value' and we will be like everyone else, stuck in a HODL pattern for say, years until it recovers like the other speculative assets stocks, etc.
Sh*t that would suck! Doom or Boom and Chump or Champ time now boys and girls. Pucker up. This next week is likely to be the worst as that damn concept
of 'Reality' hits us right in the nuts.
I don't like what you're saying, but find it hard to disagree with you.
543.
Post 53992145 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
$7839
How much fucking lower are we going?
Whatever it is, it ain't going to be good. I reckon 6500. Which is really not that bad considering last years low.
544.
Post 53992147 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
I am buying here some. I don't care if it goes lower. I can keep my sanity till it its $3k.
Why am I buying? Because I know for sure it will be back above $9k again. Might be tomorrow, might be next year but it will happen.
Vegeta will make a comeback.
Just think of all the printing the CBs will need to do to fix this mess. Next year we could easily be at 100k.
545.
Post 53992221 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way.
546.
Post 53992380 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way.
Maybe global pandemic and a lot of the hoopla and hype about that can allow for the economy to correct, to some extent without having to engage in money printing? If the global economy goes through a major correction, then it is merely blamed on a pandemic, and at the same time, there is an ability to reign in bullshit irresponsibilities in regards to various fiats, no? Why does global pandemic automatically result in more currency printing when allowing a crash can actually accomplish similar kinds of corrective mechanisms that are actually needed in terms of allowing bubbles to play themselves out in free market kinds of ways, no?
I am not saying that bitcoin still would not do well in this situation, but I doubt that such a situation of a major correction in the fiat market (which seems to be far over due) automatically results in more printing, especially if there are many BIG players that realize that the overexuberance in money printing is way out of hand, anyhow.
It is not like everyone in the regular fiat world is stupid in terms of engaging in various strategies to attempt to continue to prop matters up and to allow some corrections to play themselves out, especially if such corrections are merely born by poor people, even though the status quo power players might get stuck in policies that are hard to get out of on a quite frequent basis.
For central banks, a correction is fine so long as credit (debt) is still being created by the private banks. If credit shrinks instead and hence the money supply with it, then we have deflation and that can not be tolerated for long. Deflation will destroy the modern monetary system and, governments and the institutions with it. Therefore, the CBs have to do what ever it takes to prevent this, and if they see credit creation decrease and even look like it is going negative they will print big time (and direct that printing where ever necessary) to try and get credit/debt going again.
To understand why a decrease in credit creation is so deadly is to understand how money is created. Hint, the CBs don't create most of the money (only the cash component) they instead generally create cash reserves. It is the private banks who expand our money supply (97% of supply is private bank money. Also peasants are only allowed to use CB money in form of cash not electronic). In short if private bank money is not being created (through new debt) nobody will be able to pay the interest component because there is not enough money in the system to do so.
So, this pandemic is a deflationary event, either through illness or panic, doesn't matter which. Therefore the CBs need to start printing those reserves up pronto to counter any deflation (contraction in private credit).
547.
Post 53992437 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
These misleading mortality fake news stats have caused school girl hysteria for the feint of heart.
Case fatality(percent of cases confirmed by tests that die) is a silly stat when you arent testing most people. Infection fatality(what percent of all infections lead to death) is the true mortality rate.
Little school girls and old women have been alarmed bc they couldnt process the difference between case fatality rate in an environment where govs purposely dont test everyone, and infection fatality rate which as shown by the Diamond Princess is low even for people 20 years older than the average person.
The true percent of all people who get infected that die is much less than 1 percent. Probably just double or triple a bad flu season.
King Bitcoin isnt for the weak, the foolish, the soft, or the naive. Shorters who dont cover at this peak of silly panic will be rekt.
At this point the virus is no longer that relevant. In traditional markets, this initial virus sell off has now exposed all the band-aid fixes, and can kicks that CBs have been doing for the last 11 years. Today's (Asia's today) sell off is about these can kicks now coming undone. The virus was just the trigger, that's all, this thing has now morphed into another financial crisis just like 2008, and once again it is deflation that is scaring them.
548.
Post 53992442 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way.
Maybe global pandemic and a lot of the hoopla and hype about that can allow for the economy to correct, to some extent without having to engage in money printing? If the global economy goes through a major correction, then it is merely blamed on a pandemic, and at the same time, there is an ability to reign in bullshit irresponsibilities in regards to various fiats, no? Why does global pandemic automatically result in more currency printing when allowing a crash can actually accomplish similar kinds of corrective mechanisms that are actually needed in terms of allowing bubbles to play themselves out in free market kinds of ways, no?
I am not saying that bitcoin still would not do well in this situation, but I doubt that such a situation of a major correction in the fiat market (which seems to be far over due) automatically results in more printing, especially if there are many BIG players that realize that the overexuberance in money printing is way out of hand, anyhow.
It is not like everyone in the regular fiat world is stupid in terms of engaging in various strategies to attempt to continue to prop matters up and to allow some corrections to play themselves out, especially if such corrections are merely born by poor people, even though the status quo power players might get stuck in policies that are hard to get out of on a quite frequent basis.
For central banks, a correction is fine so long as credit (debt) is still being created by the private banks. If credit shrinks instead and hence the money supply with it, then we have deflation and that can not be tolerated for long. Deflation will destroy the modern monetary system and, governments and the institutions with it. Therefore, the CBs have to do what ever it takes to prevent this, and if they see credit creation decrease and even look like it is going negative they will print big time (and direct that printing where ever necessary) to try and get credit/debt going again.
To understand why a decrease in credit creation is so deadly is to understand how money is created. Hint, the CBs don't create most of the money (only the cash component) they instead generally create cash reserves. It is the private banks who expand our money supply (97% of supply is private bank money. Also peasants are only allowed to use CB money in form of cash not electronic). In short if private bank money is not being created (through new debt) nobody will be able to pay the interest component because there is not enough money in the system to do so.
So, this pandemic is a deflationary event, either through illness or panic, doesn't matter which. Therefore the CBs need to start printing those reserves up pronto to counter any deflation (contraction in private credit).
We can agree to disagree. I just don't see the obvious link that continued outrageous levels of money printing is an automatic result of this, and I do see an economic slowdown as a possibility to reign matters in a bit.
Sure, I am not saying that the powers that be, CB et al are NOT going to completely stop acting irresponsibly and even giving money away to the rich, but seems to me that global events (such as a pandemic crisis) can also create corrective opportunities that are more responsible than what the CBs et al would otherwise attempt to cause regular peeps and even the chinese to bear costs of the various earlier irresponsible of the money printers.
Fair enough. All I'm saying is that I think the reason you can't see is because you probably don't know what money we actually use and how it is actually created.
549.
Post 53992680 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Are we really gonna see an international market crash because of the virus?
It seems kinda fishy.
As I said above the virus is not relevant any more, it has just exposed all the shit out there in the market. The shit being all the crap central banks have fucked up since 2008 in an attempt to kick the can further. All these issues were here well before the virus, the virus has just been the catalyst this time around.
550.
Post 53993921 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
incoming selling wave? time will tell....
BTC very correlated with the share markets right now. I don't like this, but a bounce may be in order if FED comes out all guns blazing tonight.
551.
Post 53994031 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
https://twitter.com/realDonaldTrump/status/1236778368533700609Trump dropped a big cryptic hint about an unstoppable surprise coming. This was tweeted right after the dow futures opened and tanked.
Most likely he is on the phone with the Plunge Protection Team and the Fed and there is some massive money printing on the way.
Anyone who thinks Trump isnt going to attack these market sell offs with everything at his disposal is underestimating his ego and desire to be elected again.
62 days to the Halvening and all fundamentals are well and bullish.
Can't argue with that assessment.
552.
Post 53994632 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
It's funny, some of the stock markets have almost lost as much as bitcoin.
553.
Post 54006679 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
The 5% combined order book looks pretty impressive in favour of the bulls, esp. on Bitfinex. This should be the end of the bear cycle.
That is good, looking bullish. Thanks for posting. I've been trying to look at that for the past 2 days but the page wasn't working for me. Is now though.
554.
Post 54011425 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Is the combined order book working for anybody? damn site is unreliable as hell.
https://data.bitcoinity.org/markets/books/USD
555.
Post 54011599 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin.
556.
Post 54011659 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin.
Genuine concern, Can understand that....
I consider myself lucky as my IQ level is under 70, so i never get in other investment other than Bitcoin and Land/Property.
You'll be very thankful for that in the next few years.
557.
Post 54011899 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
- Poland closes schools, museums and cinemas.
This i the kind of thing that bums me out the most. The virus is already everywhere so there is no reason not to continue my travel plans, but if everything worth seeing and doing is closed then...
Well I think its a great idea to close schools. I get a free holiday with my child, would be awesome (so long as I'm not sick at the time).
558.
Post 54012272 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
The fear is real! Corona eating us and the markets alive! Hard time to buy RN
but happy for the discount.
RSI below 30 on daily and just over 30 hourly. Observing $74xx
Floor around $6500 I presume.
I'm thinking the same.
Edit: observing 7300s, damn panic sellers
559.
Post 54012329 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
$7395 foooark. Flashing another $10k @ $6500.
10k is my entry. finishes the H&S and matches up with a few other indicators
560.
Post 54012468 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
- Actor Tom Hanks says he and his wife have tested positive for coronavirus.
Don't want to make fun of this situation but dude is survivor.
1994- Vietnam war
2000- Island
2013- Pirates
2016- Plane-landing in River
You forgot Cast Away
You know what he didn't survive though, a virus in the movie Philadelphia.
561.
Post 54013183 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
<snip>
For chancers and morons? well, I like to be one of them if it makes me earn money. The fact is that I have been trading already for 2 decades, and I can guarantee you that I made most of my profits trading instead of holding. Much more profitable after i shifted from traditional markets to crypto in 2011, because there is so high volatility (aka manipulation..)
Halvening will occur, market will rise, but not before another really BIG dump. By the way, I don't think BTC will never ever get close to last ATH.. then people wil start realizing money doesn't grow in trees.
We already know that money does not grow in trees. Money is something you print when you want which is backed by debt. I [the gov] can fake the debt and ask FED to print more money when I need. You want to know the future of your so called money? Here is the picture:
We really do not need money by the way.
2 decades of trading experience and your understanding of money is still not even close to my 13 months old girl.Hope your 13 months old girl didn't went long on BTC
BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for 100K halving.. let's see what happens
Why I claim this? reminder. https://bitcointalk.org/index.php?topic=5216737.0That’s the only thing we and all the rest of the world can do.... wait in see how it plays out, hope you don’t get toast, but I will not sell a single coin to buy 2 back at 3.4K....
All markets are dumping hard, but now I don't hear that propaganda about digital gold or safe haven anymore. The question is, why? According to this BTC should be rising in price but it is dumping really hard. I won't sell any single coin today, I am just shorting it and and then i will go long. As said before, there is no Satoshi Spirit about financial freedom or social inclusion anymore.. it is a shitty game played by whales and exchanges. Everyone can hold or sell, taking his own decisions and assuming the consequences.
Ps: I don't endorse also fiat at all.. the fact is that world economies are near to collapse and we are all on same boat and fucked.
Bitcoin is a long-term game. If you haven't worked that out all ready there is no point for anyone to try and explain it to you.
562.
Post 54013373 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Bloody hell. Getting smashed out there today.
563.
Post 54013398 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
big volume, wonder if its those plustokens everyone is on about.
564.
Post 54013408 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
It ain't stopping. This has to be some kind of ploy to manipulate ahead of the halving.
565.
Post 54013442 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
fuck! this is insane
566.
Post 54013502 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
I actually think this is a good sign. This is clearing out the weak hands before a boom in price. Seen it many times before. I thinking halving games by the whales. Though could be plustokens puking for whatever reason.
567.
Post 54013527 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
If this is plustoken they couldn't possibly have any coins left now.
568.
Post 54013543 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
may not be over yet
569.
Post 54013559 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
this is brutal
570.
Post 54013602 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
This move says to me that the previous declines from the last few weeks may not be correlation with the traditional markets and that we are at the end of our decline. Time will tell of course, but a lot of things did indicate that we will be going down to these levels.
571.
Post 54013606 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
PUMP UP THE VOLUME
Yes, cool to look at.
572.
Post 54013635 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
I am really perplex about the situation.
Ok Covid19 is not a good thing but probably not the worst disease ever...
So I am more worry about what would be the World (and all the markets) with a really BIG disease or Huge biologic world attack.
Sounds really crazy...
This is not covid related. My bet is it is miners setting up to increase market share ahead of the halving. This is good old fashioned greed I think.
Or plustoken.
573.
Post 54013667 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
volume just keeps getting bigger on the 15min timescale
574.
Post 54013873 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Is it now officially open to say........... All TA is flawed most of the times?
And always has been
4700 incoming
Based on TA I guess....
So much arrogance in this thread, as usual.
The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).
TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k
Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.
You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.
Best of luck anyway
Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?
There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month.
In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k.
Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense.
A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed?
Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway.
By the way, posted on Feb 27
https://bitcointalk.org/index.php?topic=5228812.msg53921213#msg53921213Got to agree here. I don't think any of the movement recently has anything to do with the virus.
575.
Post 54013887 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.18h):
Selling still not done?
576.
Post 54014273 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
was that like a thousand dollar drop in like 10 minutes?
lol reminds me of the old days.
Question is though, is it over.
577.
Post 54014394 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Daaaaaaaaaaamn Master Luc is saying up from here around..... hope he found again his mojo
I don't think he ever lost his mojo when it came to long term predictions. Sure it would overshoot his targets (not my much all things considered) but his timing was always pretty good.
578.
Post 54017656 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Well, I think we're fucked now doesn't look like this 200 week ma is going to hold. I won't sell any coins, but it will be a long time before we get back on track.
All focus should be on the central banks now, what do they do? Buy assets directly, helicopter money, debt jubilee? Fucked if I know, but nothing is turning this around (talking about traditional markets here not really bitcoin) till they do something.
579.
Post 54017688 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
ah shit
580.
Post 54017708 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
This is the first major Bitcoin crash I can remember that happened and the media isnt rubbing it in our faces after the fact.
They are too busy at the moment.
And this is the first crash that has actually got me worried. Still won't sell, I know the CBs will print for ever after this
581.
Post 54017744 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
big fucking wall on stamp
582.
Post 54017775 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
I'm also the most worried I've been since the 2014-2015 bear market TBH.
You and me both. This sell off is very different.
583.
Post 54017956 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Zooming out, it now looks like there's a massive triangle extending from 2017 into 2021. It's also looking like we never really left the bear market. It turned out to be longer and more brutal than anyone anticipated.
Yeah everything looks fucked right now.
Just wish we had a bounce at least
584.
Post 54018056 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Well, I would have to say this has been the worst day ever of all my days in bitcoin (since April 2013) and I think I'm going to have to just not look at it for a while in order to give myself time to accept this shit. Of course, it is hard to stop looking at a car crash, so I'll probably last about 10 min.
HODL everyone! the central bank are not far off buying assets directly and helicopter money, this will flow into bitcoin too.
585.
Post 54018191 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
There can't be many coins left to sell surely.
586.
Post 54018204 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
This is the fucking titanic people.
587.
Post 54018246 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
I think I am about to capitulate .
I can live with one arm.
define capitulate
Going all out, last time I checked my local exchange wtill pays 5k for a piece. I must get out before they wake up. Waiting for the fucking confirmation
4700 already and no confirmation
Are you seriously selling up?
588.
Post 54018280 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
It is on the exchange now. I am one click away. Cant do it.
You're scaring me
589.
Post 54018292 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
its never going to stop
590.
Post 54018303 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
going down on lower volume now. I doubt that means anything though.
591.
Post 54018313 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
we need a big green candle and we need it bad
592.
Post 54018358 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Come on bargain boyz or vampire boyz or what ever your fucking names are. Help me out here Lambie
593.
Post 54018378 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Look on the bright side guys..
The closer it gets to zero, the less it can possibly go down any more
I'll finally be able to own 10000 bitcoins
594.
Post 54018393 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
I am out of my position from 4550USD.
Few moments later it went from 4000 to 4800 after I sold.
I am a nocoiner now.
Only lost $2k from my initial investment but who knows how much I lost from my future profits.
I just deleted every signature gain, every fork gain I got.
whatever happens I wish you the best mindrust.
595.
Post 54018395 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Maybe someone mentioned this already, but was that not the biggest daily red candle in Bitcoin history?
How does one not buy that?
fear, and lots of it
596.
Post 54018413 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
order books are completely fucked up at the moment. everyone is using market orders
597.
Post 54018435 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
5229
put a gun in my mouth
why the fuck I even woke up in the middle of the night
mindrust, try not to worry anything can still happen. lets just say it is over for now, well we are not going up to 100k anytime soon so you have time to decide what you need to do from here on.
598.
Post 54018452 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
This may not be over yet not huge amount of volumes on these green candles.
599.
Post 54018461 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
I do feel a little better now though
600.
Post 54018507 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now.
Still cant believe we actually got under 4k. Holy Flu Hoax!
via Imgflip Meme GeneratorI thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob.
Still hodling though, and managed to buy more.
can't agree more. I've been in for 7 years. Thought I had seen it all.
The world is in a really fucked up place right now, anything can happen. But I know sooner or later we are going to see a lot of stimulus, CBs buying assets directly, but will also see helicopter money and debt purchases. This is going to be far more serious than 2008.
601.
Post 54018529 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."
Is BTC worth anything at all anymore after this shitshow performance?
Unsure..
If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..
It is a hedge against money printing and censorship. The printing hasn't arrived yet, but it will soon, and this printing will be one for the ages.
602.
Post 54018532 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Put a buy order at ~4500 and going back to sleep. I want my coins back :d
I think you'll get them back. Just don't over invest.
603.
Post 54018550 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."
Is BTC worth anything at all anymore after this shitshow performance?
Unsure..
If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..
Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.
exactly, long-term this a hedge against corruption, fraud, and crony governments. And all of those things are gong to pickup steam substantially this year.
604.
Post 54018571 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
I thought I knew some of you guys.
I guess this is really separating the real hodlers.
Only one who sold was mindrust, so don't be too hasty. You have to admit this was a pretty disastrous day, losing 50% of value is not a minor thing.
605.
Post 54018619 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy
Yes I can't echo this enough.
606.
Post 54018700 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy
Not to mention people have been watching their IRAs and 401Ks tank, they're worried about the nothingivirus, worried about getting laid off from work, maybe stressed out from figuring out childcare due to cancelled schools, and on and on.
This is the problem, if this dump was happening at a time when world markets were not collapsing I wouldn't be worried.
607.
Post 54019144 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Rumours flying that Australia preparing to close all borders. Not sure this particular rumour is credible.
I look through some Australian economy blog sites myself and in 1 of the comments I read this. might be of interest to you.
Wife just got out of a meeting with Vic Govt. Health Minister is talking about Victoria being locked down in the next week or so.
Can’t confirm yet but will do so if I hear more.
608.
Post 54020568 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Up 19% since the bottom (Bitcoinwisdom).
It sucks to be mindrust now
I never thought I would be the one who sodl the bottom but it happened. It is over now. Last night the world was coming to an end, Now it is going to 100k.
This thing is volatile. I couldn't handle it.
Maybe If I took profits when it was above 10k It would have been another story.
I also wouldn't sell if that was a no reason dip but it wasn't. It was a global meltdown. Excuses won't change a thing...
I think you were just over invested mindrust. I'll be honest here I've lost a shitload more than you on paper, but, I also have a good amount outside of bitcoin, so I'll never sell. I'd say get in at some point, just buy less.
Don't think of this thing making you a multi millionaire or anything like that. Look at it like long-term savings for your retirement. At the moment my net worth is about 50% bitcoin 50% other, these levels of investment are still massive, but not disastrous, if Bitcoin goes to zero. My advice, less exposure.
And good luck to you in the future.
609.
Post 54020862 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
Bitfinex order book just when nuts on the sell side. Shit ton more orders for some reason all in a rather evenly spaced out manner.
Edit: Somebody DCA out maybe. a lot of coins. 2.5k maybe
610.
Post 54020902 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
3 day candle volume is rather large
611.
Post 54020988 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
There is pretty much no sell orders after 6k (For bitfinex and stamp at least). That's interesting. As we get closer people will put some on of course, but to me it looks like people selling from this point to 6k were the ones catching the fallen knives and regret their choice.
612.
Post 54021110 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
I don't like to say this, but I think we are bouncing off some kind of resistance here, the 200 week MA perhaps. If we don't break this thing we might be heading straight back to those lows.
613.
Post 54021115 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.19h):
This is the fucking titanic people.
which violin would you like to play sir? (madam?)
I'm heading to the bar.
614.
Post 54037727 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
The bleeding begins again, sigh!
Mindrust. You will have another opportunity to enter again and it will probably be a lot less that at 4500. If you don't already have a re-entry plan now is the time to draw one up.
615.
Post 54037811 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
The FED literally has no dry powder left.
It has plenty, but not without consequences.
The financial markets crashing touch one of the twin pillars (asset values).
Further steps will scratch the other twin pillar: treasuries/the dollar.
This pillar is the linchpin. Watch it the coming months to see whether all will fall down or this will have been another one of those ‘once a decade’ buying opportunities.
I agree with Wekkel here. The FED have unlimited firepower, don't underestimate them. Also don't watch the equity markets for when the FED pulls the trigger. They couldn't care less about that at the moment. Their focus is on the credit markets, they must absolutely not have a continuing credit freeze, and I can assure you the have the ability to fight it.
They can buy a lot of debt, government, corporate, even individual. And if liquidity issues persists they will continue doing whatever it takes.
616.
Post 54037988 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
Honestly it looks like 3.5k is almost a sure thing now, lower high after lower high, the question now is do we see a lower low compared to January 2019 (3k)?
I tend to believe it is entirely possible. We will definitely see 6.5k again but probably not this year.
Even 1k-2k area is something we could see again. The good news is there will be another bubble in the future. Nothing better than Bitcoin to make 500%-1000% profits.
Yeah could very well do. Long-term of course it doesn't matter, the virus will eventually peak and so will the panic. The FED will do more than it is doing creating a shitload of liquidity in the process. Once the weights on global demand are lifted, assets will go up again and this time harder than after 2008 due to the much large central bank money being printed.
Throughout history, every bust has been followed by a bigger boom, this one will be no different.
617.
Post 54038000 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
Honestly it looks like 3.5k is almost a sure thing now, lower high after lower high, the question now is do we see a lower low compared to January 2019 (3k)?
I tend to believe it is entirely possible. We will definitely see 6.5k again but probably not this year.
Even 1k-2k area is something we could see again. The good news is there will be another bubble in the future. Nothing better than Bitcoin to make 500%-1000% profits.
Honestly we could see a $24 BTC tomorrow, we could also see a $24k BTC tomorrow, and I tend to believe there's at least a 99% chance we will see something in between. The good news is the one thing we know for sure is that nobody actually knows what the future holds, so we can safely dismiss those who claim otherwise.
"Everybody is right given a long enough time frame." - me
I know what the future holds and that is expanding credit, therefore expanding money supply, and therefore expanding economy. Only way this doesn't happen is if we change how our monetary system operates. While there is a chance that will happen it is extremely improbable to the point that it that we can safely say it won't happen.
618.
Post 54038012 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
The FED literally has no dry powder left.
It has plenty, but not without consequences.
The financial markets crashing touch one of the twin pillars (asset values).
Further steps will scratch the other twin pillar: treasuries/the dollar.
This pillar is the linchpin. Watch it the coming months to see whether all will fall down or this will have been another one of those ‘once a decade’ buying opportunities.
I agree with Wekkel here. The FED have unlimited firepower, don't underestimate them. Also don't watch the equity markets for when the FED pulls the trigger. They couldn't care less about that at the moment. Their focus is on the credit markets, they must absolutely not have a continuing credit freeze, and I can assure you the have the ability to fight it.
They can buy a lot of debt, government, corporate, even individual. And if liquidity issues persists they will continue doing whatever it takes.
not infinite - this will cause next hyper inflation and usd gonna be rekt after. but true, before there will be a price dump - er its happening
Yes in the end it leads to hyperinflation.
619.
Post 54039213 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
Soon we are going to have mass control of everyones money by CBs and banks. Bitcoin will be excluded.
620.
Post 54039294 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
This is not about the virus anymore. Hasn't been for at least a week. CBs have been making a fuse for the last 10 years and the virus just lit it. That is all.
621.
Post 54042211 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
Feeling bullish..
Thinking the stock market boys have ran out of bitcorns to sell now..
Dow doing worse than bitcoins now..
feeling bullish..
not a haiku..
I think you're right. While we may go lower, buying at these levels is a good buy
622.
Post 54050923 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
Of course, I have hereby committed a common fallacy:
Using the dollar as the measure of Bitcoin’s value. If we soon see the effects of rapid dollar inflation (as seems a real possibility), then Bitcoin may indeed soon hit $1,000,000, without gaining any purchase power—just because the dollar crashed, and a $100 bill now buys a loaf of bread (if that).
Hyperinflation could also quickly give us quadrillion-dollar Bitcoins, or whatever; but that would not mean much, if it may also signal the global breakdown of technological civilization, and thus, the loss of the Internet.
A moderate amount of dollar inflation is also built into the rise since 2013: $50 in 2013 dollars would be worth significantly more today. Not >100x more!
I am sure everyone will jump in here to tell me deflation is 'impossible'. Well, I have heard that from many speculators for the last 30 years, and during that time deflationary trends have gotten steadily stronger.
The deflation can happen by a generalised default. If companies and individuals are already too indebted to take on any more loans on any terms, they will simply go bust. It will not matter how much 'money' is lent to the banking system, or how much 'money' wealthy ppl and businesses have. The only way this can be forestalled is by the money-printers (govt, banks and wealthy creditors) giving it gratis , including large scale debt relief/forgiveness. The mechanism for debt forgiveness is fraught with arguments about unfairness, and therefore very hard to impliment.
bingo, 1929 crash was the beginning of deflationary Great Depression, this looks much more like 1929 than 1987 or 2008 so far ... the only ways out are a grinding depression and systemic default of the currency (monetary reset like 1930's) or if they print enough to paper over all the defaults then the wealth divide will increase massively further still and economic stagnation will increase with the even more extreme misallocation of resources ... like Japanese for the last 30 years on steroids.
Completely different monetary system now to back in the great depression days. Printing enough to paper over it is exactly what they will do. The system is designed to make the poor poorer in the long-term, bitcoin is of course the opposite.
623.
Post 54057611 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.20h):
Stock market falling, my currency going down (vs US), credit markets frozen, and Bitcoin going up. Not too bad.
624.
Post 54063449 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.21h):
Dude, you are not getting it, do you?
It's not the fucking Ebola, yeah, and it may be even softer than the flu for most persons but:
1) Unlike the flu, no one is inmune
2) It is highly contagious... probably more than the flu.
3) Some of the very few people that have bad symptoms usually develop a very bad pneumonia.
4) Patients with a bad pneumonia usually need ventilators to have a chance to survive.
5) We don't have more than a few thousands ventilators and it is very hard to obtain more right now because every fucking country needs them and manufacturers are overwhelmed.
6) There is also a complete scarcity of masks and other personal protection items.. Which makes anyone going anywhere near an hospital or a doctor, for whatever reason, to have all the chances to be infected.
In Italy the number of people needing ventilators to survive have already exceeded the number of available ventilators. Which, btw, are also needed for some things other than this covid thingy. In Spain we are quickly reaching that critical ceiling in some regions like Madrid.
This is not about number of deaths but about the medical services being overwhelmed and unable to keep giving proper treatment to the patients that need it. So every effort it is being focused in slowing the spreading of the virus trying to maintain the figure of people needing ICU/ventilators below the number of available ones... until everyone have already been exposed to it... or a vaccine is ready.
Get it now?
Spot on. If this spread 10 times slowly there would be no panic at all, because the hospital system would be able to absorb the increased load. My concern with catching the virus is that I am one of the 15% that get hospitalized at a time when there are no ICU beds or free ventilators.
I am also very concerned for certain family members who are old and have health conditions, I would be concerned for them though even if the hospital system wasn't overwhelmed.
As far as asset prices and bitcoin in particular, I think this whole thing is extremely bullish long time. Which will be great for me of course, I was worried in the short term for a while, but not so much now as the situation has changed because CBs and Gov fiscal responses are getting to the point of preventing any further decrease.
I fear for the real economy though. The downturn in the real economy will be long and drawn out, the workers will be affected by this to a massive degree. They will not get free money or debts paid off, they may get their debt delayed for a bit, but that's it. The rich and large corporations are going to be massively wealthier after this, keep an eye on the wealth divide it will go ballistic. Sure we'll all be rich from our Bitcoin holdings, but a lot don't have any asset, only their labour.
This whole thing is going to destroy the remaining wealth of the 99%, and as I'm getting rich from Bitcoin, I won't be fucking forgetting those who won't be. the suffering is going to immense.
625.
Post 54063609 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.21h):
From my perspective, the lingering question is not the virus, but whether this causes non repairable shit in the legacy financial system. Something has been burning since September already when the repo market got sick. This had nothing to do with the virus.
So I am keeping an eye out for more sorrow (and related scare dumps) before I declare all this over.
Whether Bitcoin would dump as well in a renewed scare dump downwards: we will have to wait and see.
Oh the legacy is really fucked alright. Has been since 2008 and to be more accurate since the tech bubble. Everything done by CBs and Govs has destroyed the system more and more. So, they have applied band-aid and band-aid solution one after another until we get issues like the ones we are having right now. And what are they doing to solve our current issues, more band-aids and very big ones at that. There is no light at the end of the tunnel for the legacy system, total collapse is its destination and the destruction of sound money is the vehicle it is using to travel there.
At least we have Bitcoin now. Bitcoin is like Noah's Ark those who are smart enough to get on it, will survive the legacy systems money flood, those who don't hop on, will be forever starving drowning slaves.
It's a sad world and I hate it.
626.
Post 54109225 (copy this link) (by somac.) (scraped on 2020-04-04_Sat_17.21h):
Anyone know why the sudden drop?
Manipulators waiting for weekend thin trading perhaps?
