2 BTC may be enough to move out of your mom's basement?

Probably 10BTC minimum will be required to ensure that you can keep some  chick happy.

Alcohol gives a kind confidence by removing social anxiety, but it doesn't necessarily give you positivity. Positivity, or at least a total lack of negativity, is golden when it comes to doing well with women, especially quality women.

I'm buying stocks today. All you need to know about stocks is what you learn from "Trading Places" with Eddie Murphy and Dan Ackroid. When everyone is buying like crazy you sell; when they're selling like crazy you buy.

There is nothing new with Apple Pay.
Google wallet was created two years ago with the same concept.

Good morning Bitcoinland.

Still sidling along in the $720 range I see... $719 on Bitcoinaverage.

Seems the US election was no big deal after all.

Hopefully we'll see a rise soon.


I'm curious about the Salma Hayek images that you've posted many times. Any specially symbolism involved or do you just like her? Is it her acting? Her cleavage?

Sometimes the biggest walls are at lower prices.

Remember the epic Bearwhale wall in Oct 2014? That was 30,000 coins at $300 per.

This is a great fact.

difficulty has changed 10 minutes ago,

and it seems huge

Jan 22 2017    392,963,262,344    16.64%    2,812,940,600 GH/s

will it be affect the price ?

We likely need some term that is between millionnaire and billionnaire, anyhow because through inflation of the dollar, it has become a bit too easy to become a millionnaire, but it does not mean the same that it did 20 years ago.  With the inflation of recent times, maybe having $10 million in wealth would have a bit more of a meaningful significance as compared with the mere millionnaire status.

Finally, I do understand the point about not every millionnaire or whatever can have a whole bitcoin, but it still remains a bit of a silly point to me... because there are a lot of things that not everyone can have and it becomes a kind of so what, even if it is making a point about upside price potential of BTC when we already have some folks hoarding 100s or even thousands of coins, and other folks with a much smaller means, of course, struggling to build up their bitcoin holdings to even one coin (I doubt that all of those strugglers are teenagers, too)

Thats it.

We have now transited permanently into the realm of 4-figure BTC, never to return.

We will never again see sub $1000 BTC. Double top on the 12-hour, concluded 3-year consolidation from last ATH. Games now going with serve and increments of $100

Doubling in price in half the time pattern essentially still holding for this exponential bull run ... late March 1600-1800, mid-May 3200-3600, early June insane vertical up to 6500-7200 and pop. For approximate repeat of 2013 halving bull adoption wave blow-off.

Getting over the previous gox high of $1242 is what matters.

Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones.

Then go after the miners. Then go after every retailer that accepts BTC.

Actually it absolutely WILL help the ETF.  I believe this is being done in support of the ETF being approved.  


They've had years to implement this. So what other reason would there be to rush KYC/AML implementation and have it done exactly 4 weeks from today?

miningfarms will most likely not be shut down, but instead they could very well be forced to mine the official chinese cryptocurrency that the chinese gov has already announced. that would be a much more possible scenario imo.

Why would you go to a store to buy goods which you can't take out of the store? Makes perfect sense.

Here is what have happened.

During first meeting, one month ago, Chinese bitcoin exchanges were forced by PBoC directly or indirectly to sell part of customer bitcoins to suppress price. Of course, they were assured that the bank will financially compensate them if price moves in the opposite direction. Surprise, surprise, but not really. Price moved in the opposite direction! PBoC took huge loss and worst of all the exchanges now don't have enough bitcoin liquidity to meet customer withdrawals. So, the only logical step forward is to block bitcoin withdrawals under pretext that it was ordered by the bank for AML issues. If bitcoin price stays  above $800 Chinese bitcoin exchanges are toast. PBoC will never truly compensate them.

BTW the right hand character is a 2).

   

A fine early good morning Bitcoinland.

Seems we've already accomplished several things on our to-do list.

ATH, check.

Gox finally laid to rest, check.

Gold ounce parity, check.

$20B market cap, check.

All is well in Bitcoinland... currently $1224USD at Bitcoinaverage.

Let's not stop here. Go Bitcoin go.

So what price would it have to return to make people feel sad? $900? $800? $700?

This action won't last forever. The question is whether it's just beginning to rev up or run out of steam.

None of my friends have mentioned bitcoin to me recently.

Now...these are the friends I was boring back in 2013/14 about it and when the shit hit the fan and it dropped to $200 I bought them all up. My friends know this.

This has all happened and not one of my mates has asked or text me about bitcoin.

Is this because:-

A. They all know the price now and don't want to talk about it as they feel sick knowing they laughed and made jokes.

B. They haven't even heard the news as the media have hardly reported on it.

C. They hate me and never liked me in the first place bitcoin or no bitcoin.

Possible floor at @1939$ on stamp, let's check it again after some hours. That was the Gold price this morning (1934$ right now), so it can be a good signal that the markets approve that btc > gold, but let's see if it is in the short term or in the long one.

Btw what are now saying those gold-supporter twitter accounts bearing about btc?  

Those guys actually get paid to lose bitcoins.  Sounds like a cushy job, how do I join their management?

Eric Balchunas, a senior ETF analyst for Bloomberg Intelligence, who affirmed that he has heard chatter that the SEC will announce its decision between 5pm ET and 6pm ET.

Phil Bak, a former New York Stock Exchange managing director and current CEO of ETF issuer ACSI Funds, said he thinks the SEC will wait until US markets close to reveal its decision.

"Usually they come in during the morning, but in this case we can probably expect it after the close … I would expect it between 4:00 and 6:00 or so," he said in an email.

http://www.coindesk.com/winklevoss-bitcoin-etf-decision-may-come-us-stock-market-close/

Points out the SEC will only list things they can control. They can't control bitcoin. That's the whole fucking point. :-)

Kraken stop losses not working.
Wiped out my entire account (5000 euros)

This is not the first time either.

I΄m done with kraken for sure.

I notified them that I want full compensation or I will report them to the police.

The FED's going to raise the rate on Wednesday. That should compensate for the ETF rejection and stabilise Bitcoin's price.

Just got home with 2 fresh paper wallets with a whole coin in each.

Missed the absolute bottom because it happened so fast but I still got in under $1050USD.

It didn't go as low as I anticipated in case of ETF rejection but it was definitely a buyable dip.

Hopefully I'll have some more fiat by Sunday in case it goes lower.

In the meantime, 2 more coins is 2 more coins. Fill that bag.

The moon can wait for today. There's lots of time for that.

I'm honestly tired of reading this Orwellian nonsense...

Why do you think I like metals?  Bitcoin is a Ponzi scheme created by *some guy.  Gold and silver are a Ponzi scheme created by *God.

I for one am pretty amazed there aren't more of them. Bitcoin is a very fertile petri dish for every conceivable type of disgusting behaviour.

This 1 is 100% correct. ABC move thats what going on : https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/

Thank me later  

Safe your fiat and buy more in the dip !

I also dont expect that. But a final C downmove fits in the patern to 900EUR. His pattern is 100% accurate. I just wanted it to share with you guys, knowledge is everything!

I'm a bit technically ignorant about this. Would the BTC need to be sitting on an exchange at the time of fork? I'm just wondering because I have some sitting in a multibit wallet.

I see the BU threat as a heavy weight holding BTC down, compressing it like a spring. If we can get BU out of the picture - watch out.

I am a bit surprised that noone has mentioned one of the consecuences a split between CORE and BU would have, apart from the AMAZINGLY HUGE volatility lower combined price etc...

1) If Bitcoin is split in two, core side will be at 1MB max block size at that time, and BU with an undetermined but bigger max block size.

2) Both "parties" will start dumping each other strongly. Chaos will reign and volatility could be so huge as to wipe ENTIRE order books up and down. (mainly down, even to 0).

3) All leveraged positions will be wiped on the peaks and valleys.

4) The difficulty will be much higher than the hashrate which, by itself, will create big delays between blocks. It is uncertain how big though.

And this is what I haven't seen anyone mention:

5) There will be a huge spike in transactions with people sending his coins to the exchanges. And I mean an unprecedently HUGE number of transactions. Orders of magnitude higher than anything we have ever seen.

6) Core with its 1MB max block and difficulty over hashrate combined will take ages to move the coins (which is not that bad because there will be less BTC coins arriving at the exchanges to be dumped), BU blocksize...well, I am not sure what it will do in that scenario, but it is possible that it will lead to additional hard forks/blocksize adjustment. Also Orphan blocks will be everywhere.

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

I could go on... but the only reasonable conclusion is that all this chaos and confussion will benefit noone (maybe to exchanges in the short period, due to the extreme volatility and huge number of trades) and that all this nonsense must come to and end now.

I'm not selling any BTC till we see 1200 again.

And I'm sure we will soon. There's a lot of hoopla going on for nothing lol

def going under 1k. At some point. Possibly soon.

Eth likely to hit $100+ this year.

it would be a first step... and then in a few years 100mb... 10mb would add a lot of capacity now without much change (a 0 more).

What is ZEC?

I keep hearing this word but it does not compute into my equations I have made of my computation into btc.

Queue the meme of the darleks!
https://s-media-cache-ak0.pinimg.com/736x/c5/43/26/c543261bfa10772a4fef1b04901019f9.jpg[/img]

As I read his comments, he doesn't care at all about blocksize - he just wants to block segwit specifically, because he wants to block 2nd-layer solutions that might  theoretically reduce his ability to maximize transaction fees.

Even if he manages to block segwit, those 2nd layer solutions are still going to happen.  LN and other 2nd layer solutions do not actually require segwit.

nice article    ty
Did you heard that Roger Ver  «Loaded»  will Change his BTC for BTU  he got like 130k

LOL. That ethereum pump&dump. I switched all my btc for ethereum just before the pump. And i just dumped everything for btc again. Feels good to be a trader. A nice 0,5 btc profit for today. Not bad. Please dont crash the bitcoin price while i am a sleep. Thanks 

I am trading for over a year now, and i cant complain about the profits that i made. But yes you are right, sometimes i am wrong. Biggest mistake is that i sold all my eth at 11 dollar lol. This is just a little revenge. But to many wrongs and you are out for ever.

Not so, as not all trades or traders are equal. If you are inexperienced and lack the aptitude, expect to suffer losses, but do not discount those who are masterful at their craft.

..only about 1% of all day traders are able to predictably profit net of fees.

The true reason for this range trading is end of March. Bitcoin businesses have to pay taxes. They are net sellers. Once March is over, uptrend will be reinstated with full power.

This looks like 2012 all over again.

So to extrapolate then this year will be to 2018, what 2012 was to 2013. 

Anyway, now that all cards are turned on the table we have a problem here. How to convince Jihan BU to lose that advantage in favor of Segwit.

^demonizing MINERS is just ignorant ~  we need them to process the transactions period , i don't see the problem ! ~ if they start go out of control "painting" coins or singling out transactions and censoring them we will just reset the blockchain ~ no worries! *as per satoshis original ann

So what you are saying, massive upside eventually. Sounds like an argument to buy.

lol looks like they found a more efficient way to mine blocks! ~ what stops anyone else from reverse engineering those chips? haha :-D obsolutely nothing! ..ohh what their patent? ya sure...bwaaa

All of europe and the states and australia and japan. China has its own problems. Venezuela is just ahead of the curve.

I wonder why btcchina and okcoin cny are low ( arround 7200 cny / 1050 usd ). If these markets dont go up I think other markets cant go up to 1300.

Yep.. We would need nearly a 90x increase in prices to achieve that $10 million level of richness, but as I stated in my earlier post, I believe that $3million could be sufficiently enough (in the first world) to begin to live in a kind of "richness," and that would ONLY be a 25x increase from todays prices - still seems a bit of a stretch - but a bit more reachable than a 90x increase.

Live from the sofa. A day in a bitcoin trader world
Good for a movie

Why nobody asks for an explanation while the price is going up?  

I find it rather odd that this question is still popping up. The reasons are on Bitfinex's site and it's obvious why it is how it is.

if this is a bubble then i also happen to be satoshi.

a bubble makes you shake your head in amazement every morning when you check the price. if this was a bubble there'd be talk of taking out bank loans on here and people going crazy everywhere. read this thread in 2013.

none of that is happening. there's no euphoria, no media attention, nothing. only a high price.

Some young chicks are totally into older guys.

Ever read The Game by Neil Strauss? That shit is real.

9 grand ish or 5 grand ish. I can't be bothered to choose.

Masterluc:

Not low luquidiity today. During high volume you can buy XRP and ETH from walls of up to $2 million in a single order. Penny stocks are lucky to see $100k of volume in an entire day. Have you ever traded a penny stock? It would be worse than trying to trade PPC, which has 15btc of volume today. It's a nightmare. If you buy at the wrong time you are instantly wiped out with no chance to sell even if the price hasn't moved and you know you need to sell.

FWIW, I'm HODLing until at least next week. Still on track for end of Q1 retirement. Resolving some banking and exchange issues with making sure wire transfers are cleanly hitting the target account (... have I mentioned how silly the entire banking system is ?)

Still in the process of moving off the first large chunk of fiatcoin off the exchange, and don't want to load up any more until the USD balance reads $0. Over half-way there at this point.

Mentally "OK" with selling the next chunk @ $12.5k USD/BTC, but my gut tells me we're going to head above that by the time I'm ready to cash out again, sometime mid next week.

EDIT: a word

Yeah I'll probably sit down and figure out certain percentages to sell at certain price levels to achieve certain goals. That seems to be the reasonable way to do it.

Bob's discipline in doing so has been inspiring.

https://bitcointalk.org/index.php?topic=178336.msg28701688#msg28701688

#justsayin'

Naw, brother. It's not like that. Just introspective hell right now, with everything coming up, and my partner being out of town.

Still have some work I need to trudge through, and just can't find the motivation lately.

Know what I mean ? Winter blahs starting to get to me. Can't wait to move out of Montana end of March. Hate the snow.

Moving further South.

Looking forward to pursuing passion projects, that I really can't start on now, for... reasons.

Haven't decided between settling in the outskirts of Houston or Dallas, but looking towards Texas for their tax laws, cost of living, weather, lifestyle, and travel-hubs.

Driving 911's in the snow is just uncivilized.

Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.

I'm already bracing for it.

What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up.

Never say never guys.  

PayPal ditched at EBay!  

https://www.cnbc.com/2018/01/31/ebay-in-split-from-paypal-will-start-using-adyen.html

I wonder if this will open the door for EBay to integrate other payment options like Bitcoin as well... hmm..?

I appreciate it, but I'm the kind of fellow that likes to be way above-board with the IRS.

Zero aspiration to tempt the fates in that regard.

So for the first time, tax planning needs to be taken into consideration in my trading strategy.  It makes things much more complicated but it is a nice problem to have.

Use your heads guys.
The same people that bought at any price to send it through the roof are now dumping continually to get the price down to nothing.
I'll give you a clue who they are. They own all the world's banks and print money for fun.
They saw bitcoin as a threat....they are taking it out as you watch.

**Edited: CFTC has rescheduled the date for this event from Feb 6th to Feb 14th, 2017.**

Assuming this mirrors the $2 -> $266 rally, $5000 will probably be a good stopping point.

So is it official ? Masterluc is no longer sage ?

I never did any all in/all outs since Mt.Gox. My strategy is dollar cost averaging. I buy some every month. Sometimes I buy from the top, sometimes I buy from the bottom.

Works fine for me.

Btc was never worth 5 digits to begin with
i don't even think it's worth 4 digits right now

This message came from darkwebforum. Dont know but its possible:

From the 15th January’ 2018, there have been rumors from forums in the dark web about a possibility of a slump, down to $6000 by February 1st week before prices return to the original consolidation stage at $14K by March 2nd week.

On January 5th, when Bitcoin prices were at $17,000, at a dark web forum which can be accessed through any anonymous browser (like Tor), a forum member by the name Cyberjourno, says: “Guys, there are big players in play, big institutional players who want to bring the price down to $7000, I know it seems impossible now but these guys handle the media and know how to control the market. For the coming couple of months, guys, stay safe, don’t be scared. Brace for FUD FUD FUD!”

On Jan 5th there were two other comments on multiple forums in the Russian and South Korean social sites that suggested a bigger market manipulation in play. Interpreted and translated versions of the comments read: “Waiting for US, South Korea, Indian and Thai markets to break negative stories by February, prices to stoop back to $5000. Big market players waiting to invest millions in Bitcoin and smaller crypto counterparts. It’s easy to guess, find the common corporate entity that controls media houses in these countries. Make your connection”

Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing.  He's realizing that Bitcoin cannot succeed as only a "store of value"^TM or as muh "digital gold"^TM on its own -- instead, it needs to be used.  He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system.  He sees his narrative coming unglued and so he lashes out.  

Marcus: have you noticed that the engineers of Blockstream are leaving?  Check out the latest Coindesk articles.  

Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day.  The Blockstream/Core "settlement layer" will end with this crash.

I find Mike Novogratz to be a fairly reliable contrarian indicator.

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached

Polo doesn't trade USD /BTC, better reference an exchange that does, maybe? Polo is usually a little higher than (say) Bitstamp - which I personally prefer, and Finex arbs with Stamp, too, usually linking prices between them (roughly)

I did my selling in Dec.

cheers!

I retired before I was 40 thanks to crypto.  Fear not, you won't regret it. Best. Decision. Ever.

Congrats.

I went back to school to study based on personal interests instead of studying something solely in order to get a job at the end.  And I'm learning music, writing, travelling and generally keeping myself busy, instead of being kept busy by an employer.

Isn't hard science just very educated guessing? (Spoilers)

Reuters reported that the notes “were worth a combined $1.6 billion on Friday… But ended Tuesday at a more-than-92% discount to their closing value the prior day.”

Credit Suisse, which introduced the XIV fund in November 2010, announced on Tuesday that it would close the exchange traded fund (ETF) effective Feb. 21 and pay investors the cash value of their holdings, which could be close to nothing.

I was suspicious too until yesterday. Today there is a clear decoupling between Dow and bitcoin.

Yeah, pretty amusing.

I'm wondering how far down it has to go before the MSM and Wall Street actually start freaking out.

Roubini invoking Trolly McTrollface now for BTC FUD propaganda campaign.

It seems the "old ones" doesn't understand what bitcoin is or the whole cryptocurrency. The so called experts are also old and calling all fud against bitcoin. Yet almost all crypto enthusiasts are the younger generation, mid 30's and below. There is the barrier. The technological gap between old and young. Give it a few years when we "young" are the old, then we'll see it flourish.

Early 30's here.  

The problem I have with these projected ‘bewildering lows’ is that they are planted just around the halvening. I just do not see this happening in 2020. If it happens, it happens in 2018 or 2019. But somehow, a full blown crypto winter seems far away. So that leaves 2018 as the most probable candidate, should a $2,000 scenario materialise.

Volume surging. Buckle up gents, I have reason to believe it will be a long, choo-choo weekend.

If bitcoin doesn't break $9500 this week we all fail. as humans

That is a very good question, but we cannot just assume that it's because the whole population of the poor and mediocre are all depressed and suicidal deep inside. Even smart people seem to be more likely to be depressed and doubt one self. Because they tend to live more in their head and overthink things.

With the arrival of the information age I think we have produced way more smart people than ever before. The internet has become such a powerful tool to educate yourself, anybody with an cellphone has a tremendous amount of knowledge in their pocket. Too bad many people choose to not use it to it's fullest potential. So that could be one of the reasons why depression and suicide rates are climbing. I'm not sure I have not done research on this matter.

...By 1998 things had changed alot.  Win 95/98 IE/Netscape made it much more useful and simple to use the internet and sites began to proliferate.  I had dropped out to take a 35k job at a search engine optimization company (which seemed like alot at the time) that quickly went out of biz, but my connections from that job led to other connections that have kept me working for the 20 years since.

tldr; if it's 1994,  buckle up, things will be unrecognizable in 4 years.

Anyone earning ridiculous amounts of money will make people jealous. Coping with that jealousy would make most people miserable and depressed. Imagine parking your lambo then returning and finding someone jealous has scratched the paint work.

This snowball effect will continue until the Singularity.

yeah i like that

IP = Blockchain

replace the IP addresses with encrypted blockchain addresses

decentralize the ip layer - web 3.0 is here

2020... when I plan to buy Ireland.

What we today call a job is, effectively, slavery. Yes people can choose what kind of work they do, but they can't decide if they want to do it - they have to work.

Plus more than 95% of c02 comes from natural sources not human influence. "Climate change" is bullshit. It's just cyclical and perfectly normal variance.

Under a “natural” rate of extinction, the study said that two species go extinct per 10,000 species per 100 years, rather than the one species that previous work has assumed.

Modern rates of extinction were eight to 100 times higher , the authors found. For example, 477 vertebrates have gone extinct since 1900, rather than the nine that would be expected at natural rates.

The truth is always simple.

And the truth is that lefties are liars.

If you don't have anything factual, that can be communicated in three sentences or less, that can be checked by anyone with access to google within 30 seconds, it doesn't matter.

I'll just drop this here (it's one among 1000's) =>

https://www.realclearscience.com/blog/2016/02/is_there_really_a_sixth_great_extinction_maybe_not.html

And this is another way of seeing it :

It's the purpose of mankind to dig the earth to recover all the carbon that the plants hid down there. Without us, CO2 would go below 150ppm and all life would disappear from the surface of the EArth.
 

I think you need to balance that with discoveries.  It's like saying x people die every year, so the population will be zero in xy years.

https://imgs.xkcd.com/comics/extrapolating.png

 If we divide the current value into the exchange glitch number we get

 ~1,904,761,904 Bitcoins?

 #Helluvaglitch!

Don't worry, it's a false flag.

Most of my btc will be passed down when I'm dead

Core devs can come out and say "We upgrading the btc protocol to keep it safe against Quantum computers so a PoW change is necessary".

Bitmain will have no ground against this. 

On top of buying drinks for the entire thread, I'll suck your dick if we see $8,000 USD/BTC this year.

You can quote me on that.

But... at only $400 million it is a steal. The only thing I can think that explains the deal it is that Poloniex owners have already made a killing and just want to exit with their asses fully covered (the contract will probably show that).

What I mean is that it is not like they had paid 10 billion (Instagram) or something like that which would clearly represent their willingness to have some REAL skin in the game.

I consider it "somewhat" bullish though... but not terribly bullish.

Revenue is not profit but, a standard way to calculate the (fundamental) value of a business is the accumulated past and expected profit for the next 20 years (in traditional sectors). In high risk sectors like crypto that can be reduced to much less though, ie: 10 years.

Any way it is calculated, it seems that $400 million for Polo is a bargain... but we don't really know the details of the contract nor the real sell price. It's just all rumors.

Well we are queuing up for a run at 11k.  And we are in the window now where if we hit 11 we ring the trend bell as well...

Is the train coming??  

$11000 in 4 hours confirmed


https://i.imgur.com/6YXy1FB.png

so say my dog

masterluc's almost 12 months sideways consolidation around 10500

No matter how rich or lucky I am, my lifetime is capped. No soft or hard fork can inflate my healthy living years to 1000.

It's important to make each minute count.

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

That confirms my suspicion that we have not shaken all the weak hands yet. $20K can't happen before properly doing it so better now than later.

img snipped

.... anyone wanna take the big ride?

i'm a vampire https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db

...The prices are outrageously high.

By the measure that last time I looked prices were like $500

What does mining have to do with anything?

miners mined at a loss for 3 years.  

Article from trustnodes.com - https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-reveals


MT Gox’s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th.

On that very day, bitcoin’s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days:

https://www.trustnodes.com/wp-content/uploads/2018/03/bitcoin-price-march-7-18-1.png


On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800.

It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again.

He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.

This suggests the trustee has sold it all on exchanges, rather than Off The Counter (OTC), sending price down some 75% by perhaps placing market orders.

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

That’s just silly when you can do it yourself.  Of course the real danger is BTC dominance goes to 80% and you keep shifting your portfolio balance into shitcoins.  

where are the Winklevii up to with their fund? Still awaiting SEC approvals?

BTC is better positioned to win a brutal war of attrition in which new resources coming in are limited.

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.  

Just hodl, forget, and move onto other things indefinitely.

Still not seeing a capitulation candle.

You don't need to be a citizen, just have residence, ie a drivers licence.
I bought a gun when I stayed in Colorado in the 80s, and I'm a Swedish citizen.

What does #CRAEFULGANG mean?

Ya'know, those smug douchebags can mock and parody Bitcoin and crypto all they want. I'm sure Jamie Dimon and the big bank establishment is loving that shit, as it keeps the Average Joes away longer because they mock it, like Bitcoin and the whole space is just one big scammy joke, a short term fad that only idiots would get involved in. Mind fuck on Average Joe, mission accomplished.

But we'll have the last laugh alright... oh yes...

for fuck's sake

now you have me actually seeing mammoths in the chart

oy are things going to get ugly https://www.nature.com/articles/s41380-017-0001-5 A combined analysis of genetically correlated traits identifies 187 loci and a role for neurogenesis and myelination in intelligence

https://blogs.imf.org/2018/03/13/addressing-the-dark-side-of-the-crypto-world/

2018 is going to be another long slog...

All I hear is Tetris.

170 left of a former 1300, or a -87% loss. Just any similar event of that magnitude is missing today. There was no Mt.Gox happening. Not even possible anymore since there are 114 tradesites doing above $1,000,000 *daily* volume.
Source https://coinmarketcap.com/exchanges/volume/24-hour/all/ beware some might hand out false data.

Tried projecting a similar decay onto $20,000 to get that "new 170 datapoint" since it looks again like $2600, that 2x ATH of 2013 mentioned bevore. Just a Gox order of magnitude event is still missing. Watching USDT peg closely.

Forecast of that kind are uncharted territory so best taken with a grain of salt.

Next time it goes superparabolic I want to be all in, not waiting to buy the dip.

Any sense what forks are worth if you have already sold your bcash lol and Bgold?

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

I generally agree with this. The idea that it's the end of a great bubble conflicts with the capitalization of previous great bubbles. The South Sea Bubble went to $4tn in real terms and that was confined to a single country (albeit a world power then).

As Tera points out, we should include all crypto in the calculation, but at ~$850B the peak is still rather underwhelming as the finale of a global mania.

Visa is not going to go down that easy and without a fight, so they are likely going to have to play dirty - and likely also be forced to lower their fees, too....  

wow

ether's done innit?

The Nasdaq in 2000 and modern-day bitcoin both rallied 250 to 280 percent in their most "exuberant" periods ahead of bear markets, Morgan Stanley said in a note to clients.

"Just that the bitcoin rally was around 15 times the speed," Sheena Shah, strategist at Morgan Stanley said.

Without fresh money to pay off old holders the price cannot continue to rise.

It went like this: 'I'm in love with the shape of your body'. If you can imagine that

With ETH about to go to $30, why would anyone want to buy it?

US tax day is 17 April.  I don’t think we can recover before then.  It’s what happens after 17 April that is important in my books.

I can still sleep, survived on noodles before. Luckily my belief in btc is alive, will just have to delay that 1M house for 6 months...

@Dakustaking76: yeah thanks again for that reminder. Be so kind to send me a pm next time it hits $20k ok? I may have time to stop driving my imaginary lambo to my imaginary yacht by my imaginary 1M house then.

the W

Just home after a Bday evening of a friend Reading last 2WO pages and willing to spend my very precious LAST Smerit, but better wait to tommorrow So i can actually send iT with al my best to the best meme video/pic that gives me joy and pleasure for the rest of the merit sources PUMP me the F*** up same as you wanne see BTC pump the F*** up So a have Some ammo to send around ;-)     

Most likely all of them...

for everything else, there's Monero 

if you're one of the 15 (10? 5? 1?) percent of traders which are profitable - congratulations!

HMM, I heard a rumor that the OTC market has been rather brisk today. wonder if it is true.

https://twitter.com/CharlieShrem/status/980954140888223750
https://twitter.com/Disruptepreneur/status/980940740564942848

They probably don't realize it or care, but it's people like Roger, CSW, and Mcafee that are hindering mass adoption. They are putting the face of crazy on Bitcoin and crypto. Average Joes don't want to be associated with such nonsense.

very quick short list  for a small "game list" or how i have to call it..... only  when breaking 12288 dollar price.....  almost same rules as the list before just a winning date AND
                                                                                                                                                                                                                                              .15 BTC for correct date
                                                                                                                                                                                                                                              only accounts with minimum 5 Merit and 20 activity (last time to many new pop't up  )
                                                                                                                                                                                                                                              LIST CLOSES tuesday 12 CET allways CET time  no execptions
just for quick enjoyment

normal tommorrow i look @the dates.... firts one posted has the choosen date , some one with the same date have too take another one so look out a bit....
DATES sended in PERSONAL MESSAGE will    NOT count

let us break back 5-digits

Im starting to see profiles on dating sites that most just say that they're 'into crypto'. Are these prostitutes?

Not without an influx of energy in order to overcome the entropy.

Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?

If you're talking opsec, 'laws' or propaganda, please share, so we can prepare.

Most people just don't have the patience to hold any asset for a long period of time before selling. They feel that 1-3 years is about all they can do before they get the itch to liquidate.

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.

In terms of price growth, I'm more apt to believe a trajectory based on logarithmic regression and Metcalfes' Law where the price growth slows down over time:



So in 16 years, we'd be lucky to be at a few mil. Maybe ~$10M if we're really lucky.

Amateurs.

I'm HODLing to buy entire Solar Systems at a time.

I call dibs on HD 85512.

mBTC looks good.  I have to say using Bitcoin for small value purchases is way too hard.

I really feel like the whole mBTC and uBTC thing is wrongheaded. We shouldn't be thinking about it as fractions of BTC. We should be thinking in terms of satoshis and building up. Like bytes in computing vs the metric standard. Kilosatoshi (kSat), Megasatoshi (mSat), and Gigasatoshi (gSat), ect... It's so much more natural to think in terms of multiples than fractions. Plus we are much more the spiritual successor of the computing standards than the metric standard. 1 kSat soon to hit 0.1 USD!

General reminder that co2 is not a pollutant, comrade.

At some threshold yet to be defined but thought to be around a 1000 ppm, human cognition will begin to be negatively impacted. Latest research indicates we could attain this threshold outdoors in the next century, and the dissipation of CO2 in our atmosphere takes centuries.

Now you just need to explain how a doubling could possibly happen.

That's the damn problem with catastrophic predictions, if it is built on one thing that can't happen the whole thing falls apart.

In a reported study, it was found that in a substantial number of poorly ventilated classrooms and workplaces, CO2 levels can average 1000 ppm, a significant proportion of these exceeded 2000 ppm and some even reached 3000 ppm.

Okay so you got nothing. We are not talking about underfunded fucking public schools here. Don't waste peoples time.

Someday when it comes time to terraform our first planet we can just build lots of cars with no catalytic converters and drive them around on the surface.

Or sit on my horse, watching my serfs reap the harvest...

Someone's gotta do it.

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

Don’t tell me.... the stupid asses driving down Mallorca with there france flags 🤮 

If you are trying to rile them up call it soccer.

You have something better in mind while we wait for the halvening in 2020?

you'd better sell them quick then . Im holding the bag and have everything to gain

There’s this thing called a difficulty adjustment.  It can go up, but relevantly can also go down.  With low enough difficulty the entire network can be run with a single laptop from 2009.  

I still have a laptop from 2009.  We will be fine.

PS the miners were never intended on being a separate group from the users. Satoshi didn’t foresee ASICs.  Live and learn.

lol

nobody is going to stop mining

fool me once...shame on...shame on you...fool me, can't get fooled again

We've already had two halvenings, a hardfork with bcash and 80-90% drops in price and this "heat death" scenario has never materialised.

Then, there are property taxes. These vary widely and are based on the value of your home. Mine are something like $2,400/year.

State sales tax is typically around 6-7%. There is no federal sales tax.

There are other taxes, which are hidden from most people, such as corporate income taxes, gasoline tax, etc.

Beautiful Aryan woman look like gods among mortals. When they open their mouths you are reminded that they are far from divine. But before they speak one could fool themselves into thinking they are another form of life entirely, something transcendent, something designed to rule over all of the lesser creatures.

Sorry I’m not confident we have bottomed. I think the ETF application will fail and the arse will fall out of the price.  Then we bottom in early 2019.  

This is a nice interim rally and lays the foundations for the long term recovery.

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624

No ETF because...bitcoin is traded outside the US.

Unlike gold, oil, etc.?

I think the order of the world, how it works and why we even got where we are now has very much to do with bitcoin. Politics=money, money=bitcoin? Aren't we here to change the principles of the whole financial world? Doesn't history apply to that?

I just need to point out that the bear market of 2013-2015 was not exactly three years, but one year and a half. Since it covered three years, people think they were full three years, which is not the case.

It is so funny how it fits the american way....

facebook, twitter, google, all seek to censor to oppress, dominate control and rape, while tencent and co try to create a better china.

what happened to my america? I think it's the whorization of the entire female populations, behind their illusory quest for domination, that lead most americans males to fall so low... all wanna be the next

He's my father's brother's nephew's cousin's former roommate.

Should have sold when my hairdresser told me about BTC in December 2017.

Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.

What comes next is gonna be epic.

I am not sure if I understand the pyramid.

The way that I see it is that there is actual accumulated wealth and there is annual income.

Of course, if you accumulate more wealth then the accumulated wealth can provide a higher income, otherwise you are dependent upon others for providing your annual income.

Also, the more that you are able to live on resources that are below your annual income, then the more that you will be able to accumulate wealth and to therefore aspire to accumulate enough wealth in order to be able to have your assets support your lifestyle (and likely retaining some additional cushion, too).

The pyramid does not seem to be complete, and it seems to be depicting accumulated wealth without juxtaposing that with annual income, right?  Or am I missing something?

$20k just seems like too much in the middle.. so to me, just does not seem to be like a sufficiently eggregious "blow off top."

$30-50K still seems too much in the middle. $100k seems like a nice round number for an Autumn blow off top.  

If it's really "bakkt" by verifiable crypto collateral, bad banking practices have no hope.

Naw dude, just sign the invitation from a funded-enough address, to have the address/location/country/planet/galaxy revealed.

No need for bankers or people to HODL admission funds :-)

We have the technology.

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.

Do you have a link?

Aww, don't go down that road. It's closed anyway.

It's the butterfly effect , you can't just play these stupid hypotheticals and assume the best possible outcome.

Yes.. 8 at least, and with the headlights, surely approaching a 9.  

I think that now only assholes and fooled old men pay a pension tax. It would be infinitely good if there was an opportunity to return the taxes paid ...

Been planning to get my teeth done there next year by a well known company out there, full set of pearly white veneer’s, very cheap when compared to UK/US prices for similar work.

Not sure what the heck you all are talking about, but it kinda sounds like fun! 

Meanwhile, Bitmex CEO claims that ETH is going sub-100: https://www.ccn.com/shtcoin-ethereum-price-will-fall-below-100-bitmex-ceo/

Moar pain mandatory

Also When price is Going to +5 digits iT Will go PARABOLIC in here

Aktivation occurring //^$20K then rocket up to $250K+ *speedbumps kaint faze me brah


weeeeeee

Is your last name Bear lol?
1. 810k 25%
2. 5%
3. 2%
4. Going up fast 10%
5. Dipping 58%

Elon Musk smoking a joint...lol.

I've never shorted a stock in my life (too chicken shit) but I was so tempted to short Tesla a few weeks ago.  

Had a chat to someone involved in the CBOE futures.

He says that SEC not happy with market surveillance on physical markets and thinks they are all bucket shops.

Which we all know is true - fucking Bitmex and Bitfinex and HitBTC.  Even Kraken and Coinbase are shit shows.

We won’t get an ETF until we get higher quality Bitcoin exchanges next year (like Baakt and the Toronto Stock Exchange).  And those new exchanges are going to take some time to establish a track record of liquidity.  Which fits in nicely with the halvening time line.  The stars are lining up about a year out.

so im using part of my stack to diversify into different non crypto holding in case it all goes south.

maybe because i got into it fairly early, i still see it as a tool to be used, not as a "get rich" thing. although i hope we all do. but currently im using it now to secure our (wife and i) future with as little risk as possible.
 
so on average for the last few years i have generally spent more btc than i replace. at this stage in my life  i have changed some priorities and used btc profit to try and ensure a more than comfortable retirement (if all goes even close to well). we were at the point that retirement should go well for us anyway but its time to revisit that position and nail down a few potential lose ends. once im happy with that i will go back to accumulation. at least i hope to.

 

I'm holding my ETH in hopes we get a pump when futures launch. OTOH, I don't hold enough to lose any sleep over.


I believe ETH will probably die, but not yet. Consider the fact that this is the first, brutal bear market for an ETH holder. It must be pretty scary. I believe this helps cause an exaggerated ETH (and other altcoin) decline. There are no war-forged ETH veterans yet.

BUT we do like to live in one  

Number Two  haha. ;-)

Hey, let's attempt to crowdsource a bitcointalk response to the SEC's request for further comments on the recently postponed Cboe/SolidX/VanEck ETF proposal. Collectively, I bet we've got an entire cogent brain amongst the likes of us.

Whatever useful comments make it to this thread, I'd say is fair game for anyone to beg, borrow, steal, quote, or plagiarize for their own personal responses to the SEC.

I'll parse out the SEC's 18 wordier-than-even-wordy-man's question topics below. Feel strongly about any of them? Spit it out.

https://bitcointalk.org/index.php?topic=5034689.0

One should be mindful that the effect of the halving halves each time. We're going from a thud to a tinkle. When the reward is fractions of a bitcoin, who thinks the halving will still be driving price?

my dreams, when I made this bet! (alas, gone along with my supermodel trophy wife goal at 100k BTC...alas)

I saw last week information about dump in different telegrams chat. But there almost always everyone wants to dump.



And I found an interesting chart.

confirmed

You OWN btc’ssssss..... your rich

I hope it does stay that way, too - the fresh money which will pour in on the next hike will largely be institutional.  For institutional capital, a lack of correlation is the real appeal. I have that from a Hedge fund manager (macro trader) I know who told me how they see things.  The institutional investment industry is watching, salivating and waiting for a safe way in, via ETFs etc. thinking: 'Wow a whole new asset class that doesn't correlate to play with!' For them, it's a unicorn.

OK, huge institutional money actually directly in the market is a double edged sword - however, I doubt crypto can build to the new heights largely on retail investors anymore. 

In other worlds, CZ
https://www.reddit.com/r/CryptoCurrency/comments/9tewfh/binance_signs_up_40000_crypto_traders_in_its/ ...First Week in Uganda

Yeah but...

They show a balance of about $1.8B, while Tether market cap (according to CMC) is about $2.5B.

For some reason, this does nothing to assuage my skepticism.

Can someone make Arthur Hayes shut up ?

https://www.ccn.com/bitcoin-price-bitmex-ceo-doubles-down-on-bear-call-says-btc-could-fall-to-2000/

From where are you getting the Trace Mayer assertion of $3.5k is possible?  Is that a recent statement, and what is the context of such statement? 

As you have already astutely asserted, I think that both of us have recognized that there is a decent difference in the picture that might be portrayed between purporting that some BTC price movement is "possible" and ascribing "likelihood" to that same BTC price movement.

Hmm. Curious how my node daily activity is following price movements today.

Just remember...when selling you get hit with tax consequences (in the US).

So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).

Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.

To me that seemed a bit more important than anything I could cash out and buy.

Right now is pretty clear that recovery cant start before mid 2019. v

Found this chart on reddit. Quite possible timeline. With nice bottom. Bear trap next summer then BAM. Two years of fun.

Doesn't Canada have 7c and less for residents with fluid pricing contracts?

My average is $3.3k

Bought most of them after $5-6k :/ FOMO got me so bad.

So if we're set for a repeat of the last cycle and the next two years consist of not very much followed by some jizz in 2021, how will you take it? What will you get up to? Will it break you? Will you double down? Will you steal a yacht and sail away? Are you already all set?

Me, I think I'm going to be rather annoyed by it all. Not sure I'm in the mood for more interminable nothing but it's certainly looking like it's on the menu. I may pass the time unicycling down every road in my county which is about 15,000 miles. I can't ride a unicycle.

My connection says 2000-2500 range by the end of this year.  There are still some idiot holders that will hold till zero when this joke currency collapses but some of you may be saved if you do the right thing.



tick tock, tick tock,  there is not much time. Don't wait too long to sell.

I see it hitting 3k when the SEC denies the ETF's and probably revisiting 3k when mt gox dumps all the coin in Feb/March 2019 at which time I'm fairly sure

the US will be in a recession...the whole store of value of crypto will not be working too well with the above either to keep prices up .it is gonna suck


this is gonna take a bit

hope I'm wrong...but.....

brad