All posts made by David M in Bitcointalk.org's Wall Observer thread
1.
Post 1983679 (copy this link) (by David M) (scraped on 2020-04-04_Sat_10.54h):
Don't just observe the walls. Be the walls.
Nicely said. But I never fully understood the waiting. Are we trading or swinging dicks?
Hit the offer or piss off.
2.
Post 1983791 (copy this link) (by David M) (scraped on 2020-04-04_Sat_10.54h):
I'm not trading. I'm adding liquidity and either selling a bit or rebuying sold bitcoins cheaper. Bitpay needs bids to hit and so do you. Lucky for you, I'm nice enough to provide asks too.
That's the side of trading I have no experience in.
I've always thought of market makers as this weird creature forced to trade because somehow he keeps getting them and does not know what to do with them.
3.
Post 2629719 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.07h):
Weekly with a 3 month Exp average and 20 MA channel.
Back into the channel we go.
4.
Post 2648560 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.08h):
This is awesome. Sell you bastards...
I'm acquiring more BTC tomorrow...
5.
Post 2648722 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.08h):
do i want to buy???
my leg is shaking!
Steady Adam....
Let the sellers sell. No sign of exhaustion yet.
6.
Post 2648759 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.08h):
fuck that BS i'm buying!
That's the spirit!
7.
Post 2834981 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.12h):
Weekly....
8.
Post 3263936 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.16h):
All Time Weekly Closing High.
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25While the likelihood of a double top is still there, my monies on a up break out.
9.
Post 3401035 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
10.
Post 3404203 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
You should be using candle stick not closing price, as the lattet does not exist.
I stopped using candle sticks for charting in 1989.
I can create any arbitrary time point I like to help me make decisions.
11.
Post 3407000 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
I already solved this dilemma the other day, it was a double top.
I don't agree.
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25See the side-wise price action at $50 on the ramp to $266?
That's where we are now... except $50 is $200.
12.
Post 3407490 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
We are not even on that chart yet.
Please let this be correct lol
I think you mis-read the chart....
It is a live chart. The "current price" is plotted as if the end of the weekly time span (Sunday 27th October 2013) is now.
Any close above $180 is extremely bullish. IMO. YMMV.
13.
Post 3407593 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
This is a little out of date in some respects, but with recent events it may come back sharply into focus soon. I was curious to see just how much Silk Road was contributing to what was a strong underlying growth trend in Bitcoin price - and the answer seems to support the claims that it was almost entirely responsible (more than I expected, see below).
Can you add one more data point to that chart please?
Attribute: Value
Members: 0
Price: $200
I look forward to subscribing to any of your newsletters.
14.
Post 3407751 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
A few months later...
Members: 0
Price: $0
Do you sell 3 month $20USD/BTC Puts? I'd be very interested.
15.
Post 3407861 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.18h):
I can sell you these puts.
I'm sorry you got caught in the fray. That was the most sarcastic trade I could think of at the time.
16.
Post 3430273 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.19h):
My old man (72 years old) just sold 100 BTC at $110.
I convinced him to buy 1000 at $8. He has now recovered his investment plus ~40%.
I got a case of Veuve Clicquot out of it.
My old man is at it again. Sold 100BTC at AUD$205
This time I'm getting half of a 5KW Solar Panel setup.
Total Sold: 200BTC for $31,000. Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC
He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.
17.
Post 3430343 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.19h):
Nice story
Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly.
He was going to unload at each $50 mark, but after returning from a holiday to Italy he pushed it to $100.
18.
Post 3506905 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.21h):
Spectacular!!!
Go Bitcoin Go!
19.
Post 3512655 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.21h):
My old man (72 years old) just sold 100 BTC at $110.
I convinced him to buy 1000 at $8. He has now recovered his investment plus ~40%.
I got a case of Veuve Clicquot out of it.
My old man is at it again. Sold 100BTC at AUD$205
This time I'm getting half of a 5KW Solar Panel setup.
Total Sold: 200BTC for $31,000. Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC
He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.
The old man has been awed by this latest rally and almost considered waiting for higher prices.
"I feel it will go higher but the plan is in place. Discipline son. Discipline."
He has moved another 100BTC onto an exchange....
20.
Post 3514904 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.21h):
The old man has been awed by this latest rally and almost considered waiting for higher prices.
"I feel it will go higher but the plan is in place. Discipline son. Discipline."
He has moved another 100BTC onto an exchange....
Brilliant role model, David. Huge respect! If only everyone was as disciplined.
Cheers Nemo. I really lucked out in the great DNA game!
His 3rd sell trade had been completed and he is very pleased.
So pleased in fact that he plans to "blow away" that entire trade on a vacation to South America.
It's the only continent he has not traveled "enough" (in his words). He went to Antarctica 30 years ago in case you were wondering...
21.
Post 3517014 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.21h):
Spectacular.
I was looking for a target of 372 after breaching 326 but I reckon it might just take a breath for a few hours.
22.
Post 3524551 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.21h):
The market has spoken.
It loves the people's currency and wants to see a "headless" economy.
Go Bitcoin Go!!
23.
Post 3527159 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.21h):
Spectacular!
Bitcoin... Making Hearts and Breaking Charts.
24.
Post 3533258 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.22h):
The greatest Week on Week gain in Bitcoin History is coming to a close...
25.
Post 3535707 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.22h):
I'm a buyer at sub $314 with a stop loss at $260.
26.
Post 3572003 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.23h):
Well colour me awed!
The old man dumped another 100 BTC at $406.
"This is getting ridiculous. What am I meant to do with this $40K? Buy more Bitcoin?"
"I think I might change the plan slightly. Sell 50 instead of 100 at every $100 mark..."
27.
Post 3572111 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.23h):
If he doesn't need the money, why is he selling at all?
He hasn't needed more money for 15 years.
One of the reasons for that is his discipline and management skills. His last two trades are reflection of those qualities.
I'm trying to pay off the last of my school loans... It would take about $1800 to do so...donations would be grateful!
Or he could set up a scholarship for needy kids?
He donates to 4 charities and I am sure they will all get a nice surprise this Christmas.
28.
Post 3572621 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.23h):
I'd meant to say this for a while but he should have sold a percentage, say 10% at each level. That way he'd never run entirely out.
That's not a bad option. He does want to have 100 BTC in the end.
29.
Post 3615081 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
Last week was the 3rd best week in it's history.
2013-03-25: Open: 92 - Close: 142
2013-11-04: Open: 212 - Close: 367
2013-11-11: Open: 367 - Close: 461
$250 dollars in 2 weeks.
Bitcoin - Grinding bears to dust.
30.
Post 3615175 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
The old man is selling another 50 BTC.
These are premium BTC, untainted since 2011 and not on a redlist. :-)
That takes his total sold to 450 BTC or 45% of his stash.
31.
Post 3616069 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
I like the story about your father
but didn't he ask you last time already what he should do with all the money?
He sure did. I have been trying to get him to stop selling BTC and just give them to me. :-)
Dad: "No."
Me: "What about your grand kids"
Dad: "Don't pull that shit on me"
The above is totally in jest. He is a very generous man, but also extremely frugal with his life style. An awesome "paradox".
I think the pace of the rise is making him both nervous and excited.
32.
Post 3616100 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
33.
Post 3617090 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
Go Bitcoin Go!
Please hit 558...
34.
Post 3618237 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
Hold on tight. This is getting epic. Come on 558! Come On!!
The People might just have grok'ed the "People's Currency"
http://en.wikipedia.org/wiki/Grok
35.
Post 3618369 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
Well, this has been an interesting Sunday.
It's Monday past lunch time Down Under. A couple of beers at the pub and back into it.
36.
Post 3618610 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
$558!!!!!!!! Shit yeah!
I'm selling 5 BTC right now.
37.
Post 3618753 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.24h):
Getting near time to load up some Iron Maiden on the mp3 player methinks.
Or were you thinking more Number of the Beast?
That was my pick.
38.
Post 3629218 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.25h):
The old man was slow off the mark in the last 24 hours.
Was meant to sell 50 BTC @ $600.
Poor bastard got set at $680.
39.
Post 3655051 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.26h):
40.
Post 3656429 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.26h):
You forget, that you are obligated to accept government currency as a payment.
No you aren't. My business, my terms of trade.
41.
Post 3656506 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.26h):
Technically, you can refuse to sell something on whatever terms you want. You however, must accept USD for payment of debt.
Exactly. If I don't like the payment, I refuse and hence never raise a debt.
42.
Post 3671195 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.27h):
If you think this is a healthy precursor to a bull run, be my guest, but don't say I didn't warn you.
In fact the tape has been painted all the way up. Just go with the flow. There's no exuberance here, just a dream of what might have been.
Can you tell me when the bear markets finished please? Because I can't see were it started....
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25
43.
Post 3671276 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.27h):
I wanted to start with an insult but that serves zero purpose..crash in april.. from 266 to 50 will say.. = .188 = it shrunk too 18.8% of its value. The recent correction this week from 900 to 414 = .46 = it shrunk by 46% or half its value.. The april crash would have been a much larger in impact on people holdings.
I realize I am basing this on opinion and some reading.. but.. you invest 10k in april you lost 82% of what you invested that same 10k last week you only lost 44%.
Aren't you assuming that the participant is buying the high and selling the low? I have yet to meet someone with that much bad luck.
Let's look at the weekly closes of April:
April 1: $142.63
April 8: $93 (It hit $266 & $50)
April 15: $126
April: 22: $128
April 29: $112
That's not too much of a blood bath....
My point is that due to the volatility of Bitcoin, intra-day traders are going to get buried, while the weekly/monthly traders clean up.
44.
Post 3678832 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.27h):
After the epic start to the week, I was fairly sure that Bitcoin would end mid-range ($650) at the end of week.
But now... this damn thing might just finish the week on its highs.
It only has to finish above $670 to make this the best price performing week in Bitcoin history.
45.
Post 3678998 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.27h):
After the epic start to the week, I was fairly sure that Bitcoin would end mid-range ($650) at the end of week.
But now... this damn thing might just finish the week on its highs.
It only has to finish above $670 to make this the best price performing week in Bitcoin history.
Is not price performance irrelevant? Still an awesome gain for the week, makes the top ten.
I don't think it is. "Joe Average" is concerned with the amount not the percent.
The week of June 6, 2011 the weekly weighted price was 98% higher than the prior week.
This week still slightly more than one day left, but so far we're only 65%.
See above. We have added $3.5 billion in market cap this week. No other week compares from this perspective.
46.
Post 3679111 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.27h):
We have added $3.5 billion in market cap this week. No other week compares from this perspective.
You're thinking linearly.
Yes I am. And it has served me very well.
47.
Post 3681029 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.28h):
My business just sold 5 BTC @ AUD$823.
Very happy with that. Not too bad for selling $400 worth of products.
And yet people still ask me why the business accepts Bitcoin. :-)
48.
Post 3742314 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.30h):
This is my final post regarding my old man's trading. He has stopped selling and will instead start spending.
"The investment has paid off beyond anything I could imagine."
All prices in AUD.
Bought 1000BTC at ~$8
--Selling prices & volume
Price BTC
$102 100
$204 100
$305 100
$406 100
$520 50
$680 50
$730 50
$802 50
$917 50
$1,030 50
He currently has just under 300 BTC remaining.
Merchants, start your haggling!!!!
49.
Post 3789980 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.31h):
50.
Post 3883668 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.34h):
The three magic numbers I am looking at for the short term are:
576: The low.
860: The bounce high.
864: 50% off the low.
51.
Post 3883719 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.34h):
The three magic numbers I am looking at for the short term are:
576: The low.
860: The bounce high.
864: 50% off the low.
How do you mean, 50% off the low. Excuse me, I just don't know what you mean by that.
576 * 1.5 = 864
52.
Post 3925614 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.36h):
Longer term, it is not looking pretty.
A four-hourly chart is long term?
53.
Post 3926679 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.36h):
That's awesome! Well done mate.
And +1 to the suggestion to do an advanced driving skills course.
54.
Post 3941988 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.37h):
Decision time again:
--Weekly with a 3 month WMA
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25--Hourly with a 1 day WMA and 7 day WMA
http://bitcoincharts.com/charts/mtgoxUSD#rg30zigHourlyztgCza1gWMAzm1g24za2gWMAzm2g168Scenarios:
1) Launch Zone to new ATH in 7 days.
2) 20% Side-ways trading for anther 2 weeks
3) Test of Low in 7 days
55.
Post 3997559 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.39h):
56.
Post 4020620 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.41h):
Let the trading begin...
57.
Post 4371391 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.52h):
I'm a buyer at $930 to $875 with a stop loss at $820.
58.
Post 4458119 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.54h):
Is there any way to set this thread so that new comments auto-load and cascade down the page? Any browser add-ons that could do this? Tired of refreshing comments every 2 minutes.
In Opera:
Right click anywhere on the page -> Refresh Every -> Custom....
59.
Post 4458347 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.54h):
Does Opera overcome this?
No.
60.
Post 4672318 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.58h):
I am though. I have bitcoins in my head. They can't be stolen.
Yet.
http://www.nature.com/news/brain-decoding-reading-minds-1.13989
61.
Post 4711186 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.58h):
Just beautiful.
62.
Post 4780180 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.59h):
I'm a buyer from 771 to 743 with a stop loss at 646 (bitstamp prices)
63.
Post 4785413 (copy this link) (by David M) (scraped on 2020-04-04_Sat_11.59h):
Not trying to be a troll or fudster, but come on any one who can see a huge panic coming is in denial. USA today is already posting negitive articles in less than a few hours of story breaking. It took them two years to post something positive. Media will blow this out the water. People will panic. Especially Chinese as thing are easily skewed in translating to Chinese.
There has only been one moment since I started using bitcoin (2011) that made me shit my pants. The March 2013 blockchain fork.
If it ain't related to the code or blockchain I don't give a shit.
64.
Post 4825019 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.01h):
"Market Inaccuracies"
That's my favourite line so far. What an idiot.
65.
Post 4826123 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.01h):
"It has to walk and talk like bankers".
Yes he said it. (An Ex Federal Reserve employee)
66.
Post 4861639 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.01h):
exchanges should make it impossible to fill your own orders.
Not a chance. It removes the option of "cross trades".
e.g You are a broker who has order to buy 200 and sell 100.
The broker would then buy 100 and then "cross" 100, resulting in 200 bought and 100 sold.
This is critical in open outcry exchanges.
67.
Post 4862823 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.01h):
Not a chance. It removes the option of "cross trades".
e.g You are a broker who has order to buy 200 and sell 100.
The broker would then buy 100 and then "cross" 100, resulting in 200 bought and 100 sold.
This is critical in open outcry exchanges.
plz, could you explain that for a 5year old? thx
Let's use Corn Futures as our commodity.
Broker X has 2 clients.
Client 1 makes breakfast cereals.
Client 2 is Jo Farmer with 5000 acres of corn that will mature in 2 months.
Client 1 wants to buy 200 tonnes in 2 months.
Client 2 wants to sell 100 tonnes in 2 months.
Broker X enters the market place and offers to buy 100 tonnes.
Broker Y sells him 100 tonnes. Broker X immediately "crosses" 100 tonnes.
The "crossed" trade is a buy and sell at the same price.
Broker X has now bought 200 tonnes and sold 100 tonnes fulfilling both orders.
I was lucky enough to work in the Australian Futures Exchange during the "open out cry" era. "Open out cry" is trading directly with a bunch of people that is monitored by officials who then relay the trades to the outside world.
Imagine 200 people in a circle 30 feet wide all trying to trade. I was on the desk relaying buy and sell orders to the traders in the circle. It was up to the traders to figure out when to "cross" or not.
The movie Trading Places shows this type of exchange. HTH.
EDIT: You cannot perform a cross trade unless you are already in a trade.
In the example above, Broker X could not simply cross 100 without first trading with Broker Y.
68.
Post 4863149 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.01h):
Thanks, but that's for two different brokers. We are talking about an account buying to himself.
I have seen many instances of performing a cross trade for the same client.
Imagine a stop loss order getting hit for a client who then immediately reverses his trade position.
e.g A guy is long 50 and then wants to go short 25. In this instance if the broker has somebody who wants to go long 25, then a Sell 50 Cross 25 does the job.
The volume of the cross trade does not have to match the initiating trade volume. As long as there are other trades to match the cross, then you can do whatever you like...
EDIT: I just noticed you said "account". That would be pointless as all you are doing is generating fees for the broker.
69.
Post 4919673 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.02h):
btc-e is actually in trouble, i would recommend to withdraw from there, i did
I found I had a stash of namecoins that I bought in 2011.
I had forgotten all about them until I was going through a backed up TrueCrypt volume and found a transaction hash.
I withdrew them last week.
70.
Post 4991807 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.04h):
So, where's the floor people?
Time for a new poll Adam
Right in the middle of the envelope. (+-10% because.... bitcoin)
71.
Post 5063908 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.06h):
I can't f*%$*ing believe I missed the 550 dip at bitstamp.
As I mentioned earlier, right in the middle of the envelope.
http://bitcoincharts.com/charts/bitstampUSD#igWeeklyztgCzbgEza1gWMAzm1g13zm2g25
72.
Post 5134115 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.08h):
I didn't miss 550 on stamp this time. It should test it again, but I will be ready. Probably have a crack 510...
I love accumulating coins in bear markets. It's like 2011 all over again.
73.
Post 5134486 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.08h):
Bitstamp bull trap.
That's a tough call to make. How serious is this bear market?
Is it buyer exhaustion? (i.e After an orgasm it takes a while to get going again)
Or is it buyer fear?
When I look at the historical trade volume (which I only do during direction transitions), the biggest trading weeks were October 2013 through November 2013.
That's a price range of $200 to 900$.
IMO, fear will not hit until $275 for new hodlers. The class of 2012 and earlier will feel no fear until $150.
74.
Post 5134810 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.08h):
The underlying issues have not been resolved.
What underlying issue?
One more time...
If it does not affect the protocol implementation or network, it is irrelevant in th long term.
The malleability bug does not.
We have a new class of investment, open and anti-fragile. Get used to it.
75.
Post 5135102 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.08h):
I don't disagree. But the shenanigans at Gox are going to be a drag on the market until they get their act together or sink below the water.
And while the protocol is anti-fragile the price is not.
Fair enough.
May the price be on your side.
76.
Post 5186187 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.11h):
I think I have seen this before....
Feb 2014
June 2013
77.
Post 5186638 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.11h):
"MtGox: We are proud to announce that we have fixed all the problems, and the price will be readjusted to 1200$(where it belongs).
I actually LOL'd.
78.
Post 5370840 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.20h):
I lost 5BTC to the goxxing. In hindsight they were not BTC at all. Let's call it $700 for taxing purposes.
It was a spur of the moment punt late last week.
79.
Post 5374262 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.20h):
80.
Post 5391810 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.20h):
LOL. You can't make this shit up.
The Four Horsemen of the Infocalypse is strong with this one.
http://en.wikipedia.org/wiki/Four_Horsemen_of_the_InfocalypseBack at you....
"So Joe, when did you stop beating your wife?"
81.
Post 5393201 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.20h):
That Joe Public runs away out of fear the safety of his money can't be guaranteed
Whoooooosh. Bitcoin allows you to become your own bank. If you cannot trust yourself, then you have no chance.
AFAIK, no one has ever had a break and enter on their premises and stolen a paper wallet
That other, better digital currencies come along, relegating Bitcoin to the sidelines
See above point.
That big banks themselves co-opt the still-relevant technological developments embedded in Bitcoin and junk all the bad parts"
See first point. And please tell me the bad parts?
What's the point of Bitcoin now?"
I don't have to trust the looters and leeches with my money.
While you are at mister banker, ask all those traders who funds got stolen in the great MF Global heist how safe their money was.
The funds were meant to be in segregated accounts and you allowed him to steal them.
82.
Post 5491446 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.23h):
83.
Post 5685093 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.26h):
Steady bitcoin, steady. Have patience...
84.
Post 5940029 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.29h):
I'm a buyer at $486
85.
Post 5943778 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.29h):
I don't like the holding technique. For one, it assumes that bitcoin is immortal and that it's upwards growth and price trend are infinite. I do not have such a faith.
Bitcoin does not have to be immortal. My core investment strategy (Dollar Cost Average for 2 years) has been based on a 10 year "leap of faith".
If Bitcoin can last 10 years (2019) then the money I put in years 2 & 3 should give me a positive return.
No internal price movement until price $0 or 10 years will sway that position.
Unfortunately, Bitcoin's raw usefulness has caused me to spend some of the original investment, so I am trading to get it back.
Good luck to you all.
86.
Post 6011883 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.31h):
Bitcoinity has Gonzo as the background.
Must be an April Fools theme.
For you lot living in the past, give it a few more hours...
87.
Post 6011903 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.31h):
Now I am seeing a half moon in the top right as well as gonzo.
And now the cookie monster!!
Love your work Comboy!!!!
88.
Post 6011932 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.31h):
Bitcoinity has Gonzo as the background.
IIRC it's Beaker.
I think you are right. It's been a long time since I saw the Muppets..
89.
Post 6012470 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.31h):
You have got to check out Bitcoinity...
MtGox is back! The "MtGox" market links take you here:
https://www.youtube.com/watch?v=QTXyXuqfBLA
Beaker going crazy...
90.
Post 6044395 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.32h):
try harder bears!
They have not finished yet and I quietly urge them to keep at it.
91.
Post 6044547 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.32h):
This is the end of bitcoin. Take heed - sell whatever you have now to get back whatever you can.
2013-10-28 204.86
2013-11-04 341.24
2013-11-11 434.53
2013-11-18 829.15
92.
Post 6044689 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.32h):
Dogecoin is a good bet though. It hasn't been through as many hype cycles. Also, no deflation problem.
As an owner of Doge, can I just say WTF?
This is not about the "vibe", this is about hardcore P2P crypto software vs the rest of the world.
93.
Post 6044823 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.32h):
Could someone please explain me the difference between FUD and facts? Is there a straight line?
Thanks
Fonzie
If the quote comes from a government source = FUD
Facts are what you experience. i.e The places you can spend bitcoins.
94.
Post 6044837 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.32h):
1w EMA soon about to get intimate.
When that happens true holders will be seperated from wannabe holders.
I assume a lot of them will change to the latter one.
A true holder will not blink until July 2013 prices.
95.
Post 6044961 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.32h):
I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.
May I ask how much loss (%) you were holding overnight?
Do not be afraid of the night.
In days gone by, closing a position at end of day usually bought regret 24 hours later.*
*Results based on 1987-2001 Futures trading.
96.
Post 6164869 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.35h):
I'm a buyer at $345 on stamp.
97.
Post 6165467 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.35h):
Wow, that was some dump at Stamp
I was starting to get worried my bid would not get hit. All set now...
98.
Post 6165544 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.35h):
Here is a approximate list of the bear markets Bitcoin has gone through..
32 -> 2 = 94% loss
266 -> 50 = 80% loss
1150 -> 350 = 70% loss
99.
Post 6165577 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.36h):
Here is a approximate list of the bear markets Bitcoin has gone through..
32 -> 2 = 94% loss
266 -> 50 = 80% loss
1150 -> 350 = 70% loss
Jumping the gun there a little bit, aren't we?
It is not meant to be a bottom pick. Just some perspective....
100.
Post 6226378 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.37h):
Will bitcoin meet the envelope or will the envelope meet bitcoin?
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52The other 2 lines are 52 week Weighted Avg (1 year) and 13 weeks (3 months) Weighted Avg
101.
Post 6843978 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.45h):
Steady Bitcoin, Steady....
You have crossed the quarterly trend. There is no rush to take out the yearly.
Then you can enter the envelope before you have another crack at the title.
102.
Post 6884243 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.46h):
As usual, Bitcoin moves at its own pace aka. flat out.
I'm expecting a pop into the envelope followed by a little bit of buyers remorse.
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcv
103.
Post 6884789 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.46h):
NSFW content removed
BOOOOOOOO. I work from home you insensitive clod. :-)
104.
Post 6937270 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.47h):
If the "Willy report" is going to crash Bitcoin, then we can expect a massive gold rally based on the Barclay's manipulation news.
IMO, not going to happen although gold may grind higher as Russia and China continue their buying.
105.
Post 6938552 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.47h):
We will test 1300 and above soon.
I cannot see it happening.
If we finish the year anywhere near 1000, it will be an epic fight back and crush all the bears along the way.
IMO, we are going to trade the envelope for 2 months with occasional "moon shot" and "double digits here we come" noise.
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52
106.
Post 6938600 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.47h):
maybe that's the case, but anything could happen..
Absolutely. Bitcoin really does not give a shit about "charts".
Long live the Honey Badger!
107.
Post 7044559 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.48h):
Steady now Bitcoin, Steady.
$638 is where I think it will run into trouble.
a) Top of the envelope.
b) Highest weekly close since March is ~$638.
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcv
108.
Post 7044720 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.48h):
still betting 650$ and retraces towards 600$ ..27 to go.. 50-80 less then when I first watched btc-e wake up 12hrs ago.
That is probably a bit conservative.
The blow off top with bitcoin is usually pretty high. Maybe another 10 percent (from $638) which puts us at $700.
I will be very impressed if it can close above $638 on Sunday.
109.
Post 7085478 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.49h):
Nicely played Bitcoin.
If we can hold around here for the rest of the week, I'm optimistic for the immediate future
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcvMy crystal ball predicts the great snake envelope
110.
Post 7098071 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.50h):
So I dont TA;
No it is not a H&S.
Tip: Any analysis that uses less than 1 week of data is usually garbage.
111.
Post 7098390 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.50h):
Bids/asks are fracturing.
This is going to get interesting very quickly.
112.
Post 7098505 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.50h):
Seems a strange route to take to get to $10
LOL.
Up is the new down.
113.
Post 7120080 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.50h):
114.
Post 7314750 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.53h):
Everything is looking great.
I predict one more down week to flush the nervous and weak and then an advance to the top of the envelope.
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcvAs for GHASH and 51%.... Wake me up when an unknown miner has that much power...
Until then, I'm picking greed as the cure.
115.
Post 7407658 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.54h):
I picked 90% in the poll for the price paid.
I am starting to think that they may be conservative and may exceed 100% due to slippage.
Slippage in this market for orders of that size can exceed 10% ($60)
116.
Post 7499952 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.54h):
I stopped reading after the word "candle".
Markets do not follow trend lines. They just trend.
If we can maintain above $500 on a weekly basis then I'm still a bull.
117.
Post 7650138 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.57h):
The pressure is building...
118.
Post 7795947 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.58h):
I am amazed that this week is likely to finish above last weeks close.
631 vs 633ish
http://bitcoincharts.com/charts/bitfinexUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcv2 consecutive weeks closing above the envelope.
Looking really good for decent run to 750*.
*That figure is based on the top of the envelope from the April low.
119.
Post 7914962 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.59h):
If you would have told me in 2011, 2012 or 2013 that the week DELL announced that it was accepting Bitcoin, would be a "down week", I would have laughed in your face.
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcvWe are 3 bucks under at the moment (last week closed at $630 Bitfinex).
120.
Post 7915235 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.59h):
...SNIP... market awareness has been raised and it will take much more than some top company in to bring bitcoin up to $2, 3, 4, 10k. imho, some good ol' economical crisis would be a fit tho.
I don't think "market awareness" is the factor. The price run up in late 2013 was (IMHO) based on major merchant acceptance in 2014.
Just how many major merchants accept Bitcoin will be the speculation amongst those who bought in during the run up.
121.
Post 7919994 (copy this link) (by David M) (scraped on 2020-04-04_Sat_12.59h):
What exactly will it take according to you guys who keep repeating daily we're about to go to the moon for the last 6 weeks?
That we actually go to the moon?
122.
Post 8107433 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.01h):
Hurry up and panic people!
123.
Post 8142476 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.02h):
Now I'm really rich!
124.
Post 8142531 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.02h):
125.
Post 8221566 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.03h):
I feel a disturbance...
126.
Post 8341262 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.04h):
I'm a buyer at $535, $518 and $504.
Stop loss at $441.
127.
Post 8356311 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.05h):
I'm a buyer at $535, $518 and $504.
Stop loss at $441.
I'm happy with those trades at the moment.
I'd like to see us finish the week at $520.
128.
Post 8356703 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.05h):
Unless Warren Buffet decides to invest suddenly, we are going down again. 100% certain.
I like those odds. Do you want to borrow some BTC? Interest rate is 25% per week. That's a bargain against a sure thing....
129.
Post 8371897 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.05h):
2 BTC for a grand?
I might just justify that purchase with the thought that I sold 5 BTC at $554 in November 2013.
130.
Post 8387840 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.05h):
Well done Bitcoin. Nice rejection.
Still a crappy week, but I make that 5 down weeks in a row.
Bitcoin doesn't do 6 or more down weeks in a row very often.
131.
Post 8388910 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.05h):
Bitcoin falling soon! The rise to 680,00$ was the "return to normal" phase but it will fall again!! Don't say I didn't warn you!!!!
I've been here since 2011 and this is the first time I have ever seen this chart. </s>
132.
Post 8406548 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.06h):
Selling at the bottom of the channel?
Good luck.
133.
Post 8407421 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.06h):
Wasn't XRP just a spam prevention coin?
That's what I thought. It is a "transaction facilitator" currency, not a store of worth.
Disclaimer: I got given 5 figures of XRP.
134.
Post 8407498 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.06h):
Can we do it?
I hate candle sticks... But I LOL'd.
135.
Post 8424693 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.06h):
I'm a buyer at $535, $518 and $504.
Stop loss at $441.
That was close. I'm down $177 (11%) on those trades. I'm tempted to liquidate, but that would be irrational.
136.
Post 8442321 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.07h):
I'm a buyer at $535, $518 and $504.
Stop loss at $441.
Still there. Down 7% ATM.
137.
Post 8443774 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.07h):
I can't believe I forgot to buy Namecoin at under $1 yesterday.
138.
Post 8460843 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.07h):
I'm a buyer at $535, $518 and $504.
Stop loss at $441.
Still there. Almost at break even. I am looking forward to Sunday.
139.
Post 8460882 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.07h):
This is your chance...
For what? An exit to break even? Not a chance.
This is a 2 week trade (at a minimum).
140.
Post 8519891 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.08h):
Ride the Channel....
141.
Post 8562161 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.08h):
Do it you pussy. Sell your bitcoins.
142.
Post 8678292 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.10h):
any of you gamble here ?
I throw in 20 to 100mBTC at each new gambling site that supports proof of rules.
I'm down about 50% over the past 2 years.
AFAIK, bitjack21 was the first one to do so in August 2011 and I was impressed with the experience.
https://bitcointalk.org/index.php?topic=33766.0Anyway...
Get back into the channel Bitcoin.
143.
Post 8678876 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.10h):
I read the thread... well it was instructive... it start like a nice project and end with the sentence: '
FUCK YOU YOU SCAMTASTIC FUCK'
Sure did. It got bought out and fucked around royally. I was more interested in the concept and code.
I might add that I never lost a cent due scamming from the site. Just some poor bets. :-)
144.
Post 8722377 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.11h):
Crappy volume with no purpose. Not a very impressive break to the downside.
145.
Post 8738205 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.11h):
I'm buying again at 463, 447 and 417
Stop loss at 358.
146.
Post 8781416 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.12h):
I seriously thought we would break down to the low $400's.
The selling pressure was there but the masses did not budge. Colour me impressed.
I'm starting to think this may be an up week. Close above 479 on Sunday.
147.
Post 8782668 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.12h):
there is no new money, 51% attack, too much supply, 3600 new coins every day, too many hacking, there is no hope left.
No new money! Nearly 1 million coins (half a billion Fed Washington's) have entered since the ATH.
51% attack! Thank god Hal Finney came along otherwise Satoshi would still be mining at 100%
3600 coins a day! Imagine if there was 7200 coins a day. Bitcoin wouldn't stand a chance... Oh wait.
Too many hacking! That is my phrase for identifying the ignorant.
PS: I know I shouldn't feed the trolls, but it is fun every now and again.
148.
Post 8808806 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.12h):
I seriously thought we would break down to the low $400's.
The selling pressure was there but the masses did not budge. Colour me impressed.
I'm starting to think this may be an up week. Close above 479 on Sunday.
Go Bitcoin Go......
149.
Post 8822835 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.12h):
Just bought the new HardwareWallet.
2 for 25 Euros.
https://hardwarewallet.com/index.html
150.
Post 8822962 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.12h):
i've seen a few different bitcoin hardware wallets they look sweet!
The price got me. I though the Trezor was over priced so have been hunting for an alternative.
151.
Post 8837873 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.13h):
It's a line Adam. Nothing more.
152.
Post 8853036 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.13h):
One notable point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"does not need to be accompanied by a new financial claim" = We will fuck over the innovators and risk takers so legacy system gate keepers (aka bankers) keep all the money.
Fuck you T-Man!
153.
Post 8868725 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.13h):
154.
Post 8868806 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.13h):
Holy hash power, batman!
It's staggering isn't? Nearly 300 million billion hashes per second.
I remember firing up the Satoshi client and being stoked with 500,000 hashes per second.
155.
Post 8878936 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.14h):
I'm a buyer at $535, $518 and $504.
Stop loss at $441.
Those trades got stopped out. That was a $300 loss.
I'm buying again at 463, 447 and 417
Stop loss at 358.
Let's see how these go....
156.
Post 8880986 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.14h):
Things have changed and many here refuse to see that. One day it will be the last time Bitcoin goes up. It won't magically go up forever. And that time might be now.
I think you are focusing too much on the battle and not the war.
Battle = Price
War = Infrastructure, usability and hearts and minds.
157.
Post 8894162 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.14h):
2.5 BTC for a Grand.
I would have liked to see 3 BTC for a grand and if we get really lucky... 4 & 5 BTC
Thems cold storage prices...
158.
Post 8931554 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.15h):
Are there any alts you have positive feelings about, Loaded?
There is only one Alt Coin. Namecoin.
159.
Post 8946012 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.15h):
I remember that episode well.
But in this context: Very funny
160.
Post 8960075 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.15h):
Take it steady Loaded.
SNIP of cheering teens.
Nice Adam
161.
Post 9008995 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.17h):
November 2013 prices.
I'll buy some more....for the children.
162.
Post 9011195 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.17h):
I'm re-mortgaging my home.
163.
Post 9023521 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.17h):
a bunch of models in the background, i like it
who needs models look at that sexy machine
lol i have to admit......i didn't even notice the women. I am a truly sad bitcoin fanatic
Homer: Aw, twenty Bitcoin? I wanted a Model!
Homer's Brain: Twenty Bitcoin can buy many Model.
Homer: Explain how!
Homer's Brain: Bitcoin can be exchanged for goods and services.
164.
Post 9072443 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.18h):
... It will be fine, and it will be dandy!
Checks Blockchain: Still Running.
Sentiment confirmed.
Come on Despair. Flush 'em out.
165.
Post 9083160 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.19h):
166.
Post 9083181 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.19h):
3 BTC For a Grand!
167.
Post 9083284 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.19h):
Where have i heard that before? Oh right here. About 40 times in the last 10 months.
It's Krugman. It's a contrarian call.
168.
Post 9095161 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.20h):
I hate to leave just in case somebody takes out his sell order!
If someone lifted that wall, AFAIK that would be largest "public" exchange trade in Bitcoins history.
169.
Post 9146255 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.22h):
Is it just me or has Speculation just been inundated with whiny bitches?
170.
Post 9190090 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.23h):
Slow down Bitcoin.
It needs to grind. Both bulls and bears should feel despair/frustration.
171.
Post 9190117 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.23h):
It's been a grind all year long...
Exactly. A relentless bear grind.
Now hopefully the bull grind.
172.
Post 9190209 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.23h):
173.
Post 9201437 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.24h):
When was the last time you carried a wheelbarrow full of fiat, Richy_T?
Not me personally, but my Grandfather was in Germany in 1923 and vividly remembers carrying 2 suitcases when shopping for food.
He left for Fiji 3 months later.
174.
Post 9448823 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.29h):
My point is: looking at the 2011 decline from $32, I simply can't imagine there was any substantial capital in the hands of what you'd call 'traders', otherwise there would have been the occasional pause when a major resistance was being hit and traders, on average, closed a short to see where price is heading.
I entered bitcoin (first buy of DCA strategy) at $2 dollars before the run up to $32.
IMO, the subsequent bear market was not being traded down. It was a/few large early adopter cashing out.
There was no "shorting" as the future of Bitcoin was a massive gamble and the idea to sell your bitcoin to then buy back later was considered insane as there was a real possibility of it going down in flames.
175.
Post 9449124 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.29h):
I remember there was lots of shorting (on borrowed btc) on bitcoinica in late 2011. Imo it was a large part of what brought the price down to $2.xx. The gox hack and media did the largest part, though.
Zhou tong... who could forget. The damage was already done after we broke $16 which was at least 3 months before Bitcoinica.
Bitcoinica entered the market in September 2011 (~$6) and just helped shorts sell the bottom.
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2011-04-06zeg2012-11-07ztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcvAs an aside, we did not no it at the time, but my old man bought 1000 BTC at $8 just before Bitcoinica came online. He didn't care.
176.
Post 9515259 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.30h):
3 month MA looks like it might get broken on Sunday.
http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcvHopefully that means we will move back into the channel. 420 - 520.
177.
Post 9524108 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.31h):
178.
Post 9525301 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.31h):
Half a percent from the local high (stamp) is $413 after that is $391 (full percent)
179.
Post 9527956 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.31h):
Going down
Down is the new up.
180.
Post 9530072 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.31h):
I'm on the bid at $409.
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Post 9565653 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.32h):
182.
Post 9609852 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.33h):
Because every day i'm watching a technology i'm excited about being destroyed by idiot traders.
And that's OK as long as all the traders are playing on the same field.
The Honey Badger doesn't care either way.
183.
Post 9627790 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.34h):
I am not Satoshi.
184.
Post 9633999 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.34h):
I am not Satoshi.
185.
Post 9634065 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.34h):
I am not Satoshi.
186.
Post 9635896 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.34h):
I am not Satoshi.
187.
Post 9654433 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
188.
Post 9665214 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
DOOD! You forget the HODLERS!!!!1
And don't forget the folks who are trying to buy back the BTC they sold over the last 2 years.
Damn you Bitcoin for being so spendable.
189.
Post 9665257 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
Them too. I bet LambChop is butt-hearted because he spent his coinZ. I surely won't sell him mine. Not before $20,000 pages.
I sold 200 BTC at $50 dollar increments above $100 on my wife's insistence. I'm still pissed about those trades.
But I forgave when she nagged me to dump 50 BTC at $1150.
190.
Post 9665486 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
You need to stop letting your wife tell you what to do.
250 x $360.8 = $92.450 current USD value in bitcoin. I'll bet you got less than that for the ones you sold. You would've been better off keeping your btc till today.
She doesn't tell me what to do. We discuss options. It's called a partnership.
The minute you start to think that you know everything, you know nothing.
I'm confused with your calculations.
EDIT: The decimal point confused me. You are correct. No regrets though, it has been an awesome experience.
191.
Post 9665558 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
We all slowly learn to Hodl in the end.
LOL. Swimming pools do not pay for themselves though. :-)
192.
Post 9665685 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
Sorry about the decimal, it was supposed to be a comma. Your words "insistence" and "nagged" make it seem as if she may have very strong influence in your trading decisions. I understand it is tough to make decisions on trading and hindsight is easy. As long as you had fun and are swimming in the new pool with the wife it's all good.
No problems. We debate vigorously. The idea is that nothing should be left on the table.
It's a balance between having a large ledger or a happy life.
As my father says. "A good trade is when both the buyer and seller are unhappy".
193.
Post 9665780 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
But a great trade is when the both are happy
The only time I see great trades is when a First World traveler buys his first purchase in a Third World country. The happy lasts for about 60 seconds when he realises he just got shafted.
194.
Post 9667629 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.35h):
And your dad sold loads of his right?
Yes. He sold 700 BTC from $100 to $1000. He has 250 BTC left. (Spent 50 BTC since the ATH).
Does your family have any btc left?
(though nice work selling at 1150)
Yes, but not enough!
195.
Post 9684502 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.36h):
it's about reality that BTC is dead, 5 years it was working just fine, i agree, but last year is showing that there is no more developement going on, no more new people addopting it, so fuck it, it's lost in history, believe it or not.
When you make a troll post, it is most effective if it holds a hint of truth. Out right bullshit just makes you look childish.
TPS up.
Bitcoin Core releases going smoothly.
BIPS development going smoothly.
Third-party app development going smoothly.
Regulatory framework improving
Price is down.
You are 23,294th person to declare Bitcoin dead. And they have all been wrong.
196.
Post 9686050 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.36h):
Bitcoin is DEAD
https://blockchain.info/address/12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYwPlease transfer your 0.32 BTC immediately to this address:
1H776jNJjMSxFooAy7VUJmzTCYAzh9kYyq
197.
Post 9720526 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.36h):
198.
Post 9720708 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.36h):
everyone seems to think we're going to go up soon.
I'm not so sure, just because of that.
Sometimes being a contrarian can bite you in the arse.
199.
Post 9784296 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.38h):
I'm buying 10BTC at USD$352
200.
Post 9825721 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.39h):
I reckon this is the 2nd greatest bear trap since $2.
I'm buying 10BTC at $350 flat.
201.
Post 9825893 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.39h):
I reckon this is the 2nd greatest bear trap since $2.
I'm buying 10BTC at $350 flat.
God speed, brother
Cheers mate. I'm long 578 BTC. I have 22 BTC to go before I am all in.... again.....
202.
Post 9825991 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.39h):
I'm worried more about the fact that the 'enemy' has a money printer and so can play at a loss manipulating the btc market for a long time buying high and selling low.
I consider that the irony of Keynes's "The Market Can Stay Irrational Longer Than You Can Stay Solvent "
The government is forcing the irrationality.
The Honey Badger doesn't care. Back to $50? If it has to.
We WILL win outside of a protocol failure.
203.
Post 9826380 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.39h):
This is just ridiculous.
Be cool man. Let the miners and traders do their thing.
<Starship Trooper>
"Remember your training and you will make it out alive"
</Starship Trooper>
204.
Post 9861869 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.39h):
I'll take 5BTC at $328.
205.
Post 9874763 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.40h):
great solution for merchants eh....
Bitcoin is not for pussies.
My business took in 0.3BTC for a sale when the price was $1200 AUD. Because the client screwed me on the exchange rate (It should have been AUD$1135 but "you have to keep the customer happy". I sold 1 BTC at AUD$1150 out of spite and bought 2 cases of rum. The rum is all gone....
206.
Post 9885171 (copy this link) (by David M) (scraped on 2020-04-04_Sat_13.40h):
Although admittedly there's one threat, and it's if Ripple continues its ascent while Bitcoin falls.
Why would the price of Ripple rise above the price of the minimum Bitcoin transaction fee?
It's an IOU anti-spam token.
