All posts made by Raystonn in Bitcointalk.org's Wall Observer thread
1.
Post 6235654 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.38h):
It's not 2011 anymore where the price could be held up by youngesters and eager gamblers
You just wait for the derivatives markets. If you think it was easy to swing the market last year, imagine the ability to go long on 10 BTCs of value when you only hold 0.1 to 1 BTC of margin in your account. This is coming soon.
2.
Post 6276096 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
$494 now. And next we will slowly roll up to $498.
3.
Post 6276513 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
$494 now. And next we will slowly roll up to $498.
check.
Next?
Hm. Big spread. It would be cheating to say $495. Give the market a bit to close the spread.
4.
Post 6276572 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
$494 now. And next we will slowly roll up to $498.
check.
Next?
Hm. Big spread. It would be cheating to say $495. Give the market a bit to close the spread.
Ok, $498 now. Next we're going to meander slowly down to $495.
5.
Post 6276632 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
$494 now. And next we will slowly roll up to $498.
check.
Next?
Hm. Big spread. It would be cheating to say $495. Give the market a bit to close the spread.
Ok, $498 now. Next we're going to meander slowly down to $495.
Ok, blew past it a bit to $494. Now here's a doozy. Are you ready for a jump to $501?
6.
Post 6283182 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
duh...ya...thats been everybody on here at one time or another. Its part of the learning curve.
Everyone? If you don't trade you can't short and get burned. This is why holding is always a great option!
Hubby and I have just been buying and holding for a little over a year now.
I am not talking about holders...I am talking about
people that actually care about the day to day price of bitcoinAs a "holder" I still totally care about the day to day price!
why?
Most holders do so with the goal of increasing their wealth. The current USD/BTC price is the current measure of that wealth. It follows that holders would very much care about USD/BTC price at all times, as they care about the value of their wealth at all times.
I should create an Android app/widget that displays wealth based on BTC holdings multiplied by USD/BTC liquidation price.
7.
Post 6283695 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
PS. OKCoin's response to that client question, right below it, apparently says that they have only one broker for their recharge code system, and his minimum is "1 W" (一万 = Yi wàn = one wan = 10,000); but they expect to have more brokers eventually.
您好，目前只有一个代理商，充值最小额度是一W，后续会增加小额代理，方便更多用户充值，感谢您对OK的支持
谢谢！
Tough on the little guy. That actually makes me think we could be close to breaking out big to the upside. If the big players can keep the 99% out, the market is going up.
8.
Post 6283968 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
PS. OKCoin's response to that client question, right below it, apparently says that they have only one broker for their recharge code system, and his minimum is "1 W" (一万 = Yi wàn = one wan = 10,000); but they expect to have more brokers eventually.
您好，目前只有一个代理商，充值最小额度是一W，后续会增加小额代理，方便更多用户充值，感谢您对OK的支持
谢谢！
Tough on the little guy. That actually makes me think we could be close to breaking out big to the upside. If the big players can keep the 99% out, the market is going up.
More thinking on this. The big players want to increase their BTC holdings at current prices before the next rally. This would normally cause prices to increase due to a large volume of buys. So they need another way to do it.
Steps taken by big players:
1) The big players block any rallies with sell walls and negative news releases.
2) The big players in China then force the smaller players to sell BTC with the recent China manipulation, such as shutting down anyone with less than $10K. The smaller players panic and sell out their BTC to the big players at prices much better than what they'd have achieved without this manipulation.
3) Once this process is complete, the big players are ready for the next rally. They replace the sell walls with buy walls, and replace the negative news with positive news.
4) To the moon.
9.
Post 6300174 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
I wish someone would take a few months to gather all the predictions made in this forum and make a list of the best nd worst predictors
'Someone' has already invented such a prediction-validating mechanism. In fact, this very thread was originally created for speculators who engage in such predictions.
It occured in very rudimentary forms since ancient times, saw a further sophistication during Roman rule, disappeared during the dark ages (obviously), reappeared in the late middle ages mostly around Italian city-states, & finally, emerged in its modern financial trading market form in ~1602 in the Netherlands, as the Dutch East India Company's shares were first traded among investors.
Later, the ~1880's featured the advent of something yet closer to current currency/crypto trading exchanges - world currencies began to be backed by gold, and the first large-scale retail forex trades started taking place.
It wasn't until 1996 that the Internet gave these foreign currency exchanges the capacity to run the entirety of trading electronically. Various digital new currency projects such as e-Gold/etc were soon undertaken excitedly by a series of hopeful entrepreneurs.
..Sadly, in large part due to vulnerable centralization & the absence of math-based strong encryption systems as core features of these innovations, they ended up failing & dimming public opinion of
any digital currency concepts as irreedeemably flawed Ponzi schemes. Nevertheless, amongst the ashes of these unsuccessful experiments, a different, vastly more sound, secure & viable project came to light : Bitcoin.
It is thusly that in early 2011 the very first bitcoin exchange markets were founded, bringing us full-circle to the present day as we find, with the warmth of serene satisfaction, that exchange markets indeed offer the best mechanism through which to filter the least skilled from the most skilled predictors, by comparing traders' accounts' initial investments with their net equity several months or years later.
(Sorry, I just love history xD)Indeed. In fact, we have a blockchain that can provide audited records to show who has the best results. If only we had a way to link the BTC addresses in the blockchain to posters here. Ah, but we do. A signature can provide that proof.
10.
Post 6329961 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
If you bought Bitcoin a year ago would you have made a profit or not? How about a year before that? I guess the thing to do is buy as much as you can afford right now and come back next year to tell the story of your great success.
You would have made only a paper profit. You have to SELL to have a real profit.
Are you calling Bitcoin paper? You want him to sell his BTC for paper U.S. dollars to avoid his profit being paper?
11.
Post 6330350 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
If you bought Bitcoin a year ago would you have made a profit or not? How about a year before that? I guess the thing to do is buy as much as you can afford right now and come back next year to tell the story of your great success.
You would have made only a paper profit. You have to SELL to have a real profit.
Are you calling Bitcoin paper? You want him to sell his BTC for paper U.S. dollars to avoid his profit being paper?
Are you serious?
This is a basic concept and a basic expression to cash out in order to realize the payoff of the investment. The expression of paper profit or paper loss for that matter, is NOT realized until the asset is cashed out.
This concept loses its meaning in forex. The IRS may disagree, but BTC looks more like a currency than a commodity. It is directly tradable for goods and services. It need not ever be exchanged for a fiat currency.
Long term holders can choose to use BTC as their base currency. If they feel another currency looks bullish against BTC, they can buy that and then sell back to BTC when they want to lock in profits.
12.
Post 6331851 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
From the article:
Paedophiles pay for sick online 'shows' using untraceable Bitcoin
The blockchain, a ledger of every Bitcoin transaction since Bitcoin was created, is completely public. This is hardly untraceable. We can't trace the final receiving address until it spends some of its money. But you can trace anyone who gave Bitcoin to the perps by following the chain back to an exchange where fiat turned to Bitcoin. Then you find that person and track where they sent Bitcoin. Detectives should be able to locate where the person got the BTC address they sent to and locate the owner of the address that way. For example, someone posted the address on a forum. Now you check the forum's records and get an IP address and you have a person. Repeat the process and follow the chain until you get to those who paid for the show. The actual perps may be well hidden. But those paying for the show can't guarantee the Bitcoin they received and spent to be untraceable from exchange to them.
13.
Post 6345311 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
Hey, check this out. The real news with this exchange: unlimited trading for $99 per month. No per trade fees.
14.
Post 6346759 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
15.
Post 6347375 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
presuure is so weak, this cant go too far today. if this is the best that 600BTC sell walls across exchanges can do to the market, that is quite bullish. even if they were dumped, they would be gobbled up within $10 price range.
We have a new 3-day low. That's not so bullish. Unfortunate.
16.
Post 6347746 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.39h):
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.
Between 472.50 and 515 is no-man's land. We float with no conviction in either direction.
17.
Post 6366887 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.
Between 472.50 and 515 is no-man's land. We float with no conviction in either direction.
We edge closer and closer to 472.50. I expect to find some support there. If we break through, we will head down quickly and finally reach capitulation. If we remain above 472.50, I expect more boring drift.
18.
Post 6379855 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
Imagine the buy wall as a line of Spartans, shields connected. Push forward! PUSH!
19.
Post 6379958 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
Imagine the buy wall as a line of Spartans, shields connected. Push forward! PUSH!
Those participating in the smaller buy wall at 490.10, join the 491.10 buy wall now. We're going to walk this buy wall into the bastard sellers one step at a time, and shove it down their throats. This is BITCOIN!
20.
Post 6383619 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
OK, you folks ready? Recommend shorts close now at 492.
21.
Post 6383705 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
This is a good long entry at 490.
22.
Post 6384157 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.
Between 472.50 and 515 is no-man's land. We float with no conviction in either direction.
We edge closer and closer to 472.50. I expect to find some support there. If we break through, we will head down quickly and finally reach capitulation. If we remain above 472.50, I expect more boring drift.
We have breached 472.50. If we continue lower, the next major supports are at 454, 400, and 355.50.
23.
Post 6384228 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
Not to tell you I told you so.
But I told you so.
When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.
This will continue until fresh fiat arrives.
The weak link for Bitcoin is buying in with fiat. Governments can currently block that. We need a solution.
24.
Post 6384301 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
Not to tell you I told you so.
But I told you so.
When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.
This will continue until fresh fiat arrives.
The weak link for Bitcoin is buying in with fiat. Governments can currently block that. We need a solution.
They also gave us the solution: cash.
Cash requires an in-person transaction with someone who has BTC. This doesn't scale and risks those involved. We need something else.
25.
Post 6384419 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
We have breached 472.50. If we continue lower, the next major supports are at 454, 400, and 355.50.
If there was supposed to be support at 472 and it didn't materialize, why in the world would you believe other magic numbers will work?
There was some support there. It was the 7-day low. That support didn't last very long.
The 454 support was the low around 10 days ago. But it also won't have a whole lot of support. It could hold if selling is running out of steam.
Beyond that we're looking at 355.50 as a very strong support. It's the 5-month low from November.
26.
Post 6392083 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
We have breached 472.50. If we continue lower, the next major supports are at 454, 400, and 355.50.
If there was supposed to be support at 472 and it didn't materialize, why in the world would you believe other magic numbers will work?
There was some support there. It was the 7-day low. That support didn't last very long.
The 454 support was the low around 10 days ago. But it also won't have a whole lot of support. It could hold if selling is running out of steam.
Beyond that we're looking at 355.50 as a very strong support. It's the 5-month low from November.
We seem to have found some support at the $454 level mentioned earlier. Other supports are $400 and $355.50, as covered above.
27.
Post 6392571 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
what did i miss??
fiatleak.com shows LOTS of bitcoin heading to China...
all your coins belong to us... they say
I looks like capital flight from China. When a government tries to stop it, the result is an acceleration. The tighter the fist, the more escapes from their grip.
Note however that I believe this website uses data reported by the exchanges. So what you see there is being reported by the Chinese exchanges.
28.
Post 6410362 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.40h):
Take another look at this chart. Look at what happened to price on all the big red volume days. Every single time price made a new lower low. It was the lowest price seen on the chart at the time. Now look at the very last big red volume day. This is the 2nd to last column of the chart. This day broke the pattern. It's a large red volume day, but price did not break to a new chart low. This bear pattern is now broken.
29.
Post 6484705 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.41h):
I want to thank all the fearful for making it much easier to accumulate this afternoon/evening. Time for dinner.
30.
Post 6486640 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.42h):
I'll make a bet. If BTC goes to $0, you win. If BTC goes to $1,000,000 first, I win. I offer 10,000 BTC if you win. But if I win, you just owe me 1.
31.
Post 6719892 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.44h):
Is it not obvious that without FRESH FIAT (I think I am going to change my user name to this) that these markets cannot go up?
Fresh fiat is one way for the market to go up. But it's not the only way. Every time someone sells, they may buy back at a higher price. The guy he sold to may also be buying back at a higher price. The "don't want to miss the train" can cause a great deal of this. To get ever higher highs without new fiat, the market must sell more rationally than it buys. The process of unwinding positions must move the price less than the process of opening long positions.
32.
Post 6923369 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.46h):
33.
Post 6923429 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.46h):
Watch the sitting buy orders turn into market buy orders.
CCMF.
34.
Post 6923464 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.46h):
The conservative money may wait for the next retracement to come in. But come in it will.
35.
Post 6942713 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.47h):
Nice $585 bid wall just showed up in time for the automated graph.
36.
Post 6943440 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.47h):
Bid wall at 585 disappeared just in time for the automated chart. Lasted almost exactly an hour.
37.
Post 7067393 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.49h):
Someone just painted the tape on Bitstamp.
38.
Post 7095346 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.49h):
MOON MNOON?
No No, that's the old saying, as of now it's "to da gyyym"
You gotta love bitcoin, solves banking problems and you get healthcare advise, all while making money.
BTC to cure cancer!
This is one of the most off-topic days on the Wall Observer.
California Scientist Seeks Cancer Cure With Bitcoin
http://www.coindesk.com/california-scientist-seeks-cancer-cure-bitcoin/
39.
Post 7099374 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
40.
Post 7111072 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
$680 within 2 hours.
41.
Post 7113362 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
$680 within 2 hours.
Check. I really don't see anything higher than $681 over the next couple hours. Likely in the 670-680 range.
42.
Post 7115644 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
$680 within 2 hours.
Check. I really don't see anything higher than $681 over the next couple hours. Likely in the 670-680 range.
I expect more of the same for the next 2 hours. We will float aimlessly between $666 and $680. We are slightly bullish from this point, but not enough to break above $681.
43.
Post 7129031 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.
Too many users. Is the message about decentralization not getting through?
We need decentralized web apps. Impossible to DDOS. Something built into Bitcoin, preferably.
44.
Post 7130714 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
Now people don't even care about the tech and just jump in thinking they're getting rich quick.
Well, I can't say they're wrong.
A well implemented technology should be invisible to end users.
45.
Post 7141698 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.50h):
TL;DR: The paper claims growth is n log(n) and not n^2.
46.
Post 7157242 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
It will take some time for the fiat to arrive. Coinbase requires some time for wall street bitcoin newbies to get fully verified for large fiat amounts.
Which exchange allows the most US dollar deposits in the least amount of time?
47.
Post 7158290 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
ECB -> announced negative rates and market expecting QE to be announced in 20ish minutes. Get out of them Euro and into them BTC.
+1, did we just witness for one of the first time a macro-related move
Yeah !
a major newssite called it the end of capitalism as we know it.
That's a load of sensationalistic journalism, there has been experiments with negative rates various places, though not on such a scale of course.
i don´t think this is sensationalistic journalism. it is the 5th year of the 2008 crisis and they have no other tool than this very last one. if it fails (and i think it will) what will they do next ?
Wealth Taxes and Savings Sequestration
side note:
has anyone seen the Atlas Shrugged, part 2 movie yet? highly recommended. it's like watching a glimpse of the future while seeing it happen all around you in real time,
(part 1 as well, of course, and yes, I think part 1 was better, but part 2 seemed a little more "in your face" and Rearden's trial was epic)
Bitcoin is Galt's Gulch.
48.
Post 7158746 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
everything is going according to plan poeple
the decentralization of world domination is happening right here right now
Quite right. If Ayn Rand were to write Atlas Shrugged today, flight to Galt's Gulch would be replaced with flight to Bitcoin and distributed consensus by public ledger.
49.
Post 7160319 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
Gotta love the hourly thread bump. This thread will never die as long as ChartBuddy is around.
50.
Post 7160507 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
ChartBuddy's great!
EDIT: You might have noticed my new signature. I hope it doesn't make you hate me
On the contrary, capitalism is great.
51.
Post 7175052 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
The sooner it happens the sooner I take it off.
52.
Post 7175805 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
The fight is on with low-medium volume!!!
Ha! Just wait until Wally the Wall Guy buys his own wall(s) out! Then we shall see some proper volume. Especially when all the noobs see a PANIC BREAKOUT!!!
we are still comfortably within the channel.
continue to sell the spikes and buy the dips.
until we break this somewhat random formation of lines I chose, that's what I'm doing.
Your bottom line is wrong. Connect the 3 bottom spikes. That's a much stronger line of support, and it's also much more bullish.
53.
Post 7175922 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
The fight is on with low-medium volume!!!
Ha! Just wait until Wally the Wall Guy buys his own wall(s) out! Then we shall see some proper volume. Especially when all the noobs see a PANIC BREAKOUT!!!
we are still comfortably within the channel.
continue to sell the spikes and buy the dips.
until we break this somewhat random formation of lines I chose, that's what I'm doing.
Your bottom line is wrong. Connect the 3 bottom spikes. That's a much stronger line of support, and it's also much more bullish.
I disagree. The bottom line is based on high volume bearish candles for good reason.
The recent low candle he wasn't including before has more volume than one of the lows he
was using.
54.
Post 7175993 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
You need to understand that whatever lines of support/resistance is used by the most money becomes the most valid. Most financial markets are keen on drawing lines connecting 3 or more highs or lows. Anything less than 3 is an arbitrary line. If 3 line up, it's much more rare.
55.
Post 7187791 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
The currently least dodgy source that scales to the demands of our wealthy imaginary coinnoisseur, by all stretches of my imagination, is a sufficiently large mining operation.
And that would mean less selling by miners on exchanges.
56.
Post 7190584 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
Bitcoinwisdom, Bitcoinity, and the other charting services all need an option to present Volume, MACD, and all other indicators on a logarithmic scale. Comparisons on linear scale are flawed.
57.
Post 7191047 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
Bullish pressure is slowly increasing. Probability of price going up is above 50% and slowly increasing. Current price: 655.90
58.
Post 7192141 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
You really missed it? We spiked up to $3368 for about 10 minutes. But the market quickly returned. Those of us with limit sell order at the $3k range really made out though.
59.
Post 7192421 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
The train even has our next ATH printed on the front.
60.
Post 7192524 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
sideways market?
still in range $640 - $665 for three days
Right. Bubbles don't do that. This shows the world we're not in a bubble. We have earned the current price valuation and we're not likely to be crashing down with a pop.
61.
Post 7203121 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
I hour of working at minimum wage would earn you more than sitting here for an hour trying to win this.
62.
Post 7206953 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
I think the top trendline fits the data better if drawn a bit steeper, crossing at a lower price, a day or two from now. What do you think of that?
Agreed. The second peak chosen doesn't have enough volume to be valid. The peak on June 5th looks much more solid.
63.
Post 7207293 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
So depending on the chart the TA-traders are using, we should see some major action from 24hrs-72hrs from now?
This is a classic bull pennant, launched from the 570 range. The outcome is usually a breakout to the upside.
64.
Post 7207328 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
So depending on the chart the TA-traders are using, we should see some major action from 24hrs-72hrs from now?
This is a classic bull pennant, launched from the 570 range. The outcome is usually a breakout to the upside.
The target due to the pennant alone is about 750. But this will cause the weekly MACD to go green. So we could be in store for a little locomotion.
65.
Post 7208619 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
We just dropped out of the bottom of that triangle.
66.
Post 7208860 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
And no follow-up drop yet. This looks like a single player. Someone wanted to paint the tape and kill the bullish formation. Someone wants cheap coins.
67.
Post 7219754 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
Boom.
68.
Post 7223737 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
We have been in a flat triangle since June 1st. The trend was strongly bullish as we entered. I expect us to leave this triangle within the next 6 hours or so. We should break out to the upside and head up to at least the 750 area before taking a break or continuing up.
69.
Post 7226724 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.51h):
It looks like we're in for a few weeks of stagnation.
70.
Post 7257497 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.52h):
Either short or has a vested interest in big government.
71.
Post 7261146 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.52h):
When we have a broker with instant access to multiple Bitcoin exchanges, then arbitrage will be efficient and all exchanges will follow each other closely.
72.
Post 7284287 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.52h):
I bet the auctioned coins go at or over market price. The savings of slippage along with the fact that you are getting the most "legal" purchase of all time is huge.
But there are 4000 new coins mined
per day, totally clean. Why would those 30'000 coins from the FBI (8 days' worth of mining) make such a difference?
This will be the U.S. Government's first Bitcoin transaction, ever. Historical, and bullish.
73.
Post 7293686 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.52h):
At some point, if the current devs do not step up and resolve the issues important to the stability of Bitcoin, and the public perception thereof, they will find themselves out of a job. Bitcoin only follows their actions so long as a consensus wishes to do so. If more competent caretakers come through, we will shift to them.
74.
Post 7297623 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.52h):
At some point, if the current devs do not step up and resolve the issues important to the stability of Bitcoin, and the public perception thereof, they will find themselves out of a job. Bitcoin only follows their actions so long as a consensus wishes to do so. If more competent caretakers come through, we will shift to them.
They are going to be out of a job shortly after btcd finishes
getblocktemplate and bloom filter support.
The "Core Developers" won't be able to filibuster any more.
thanks for the introduction, this is awsom, will BTCd be open, and do you know how further development will happen?
do you know if a client like Armory will work with BTCd?
Ok, getblocktemplate is awesome. This gives miners knowledge of the transactions they are mining. That means mining apps can check if they are mining a double-spend, and immediately drop that block. To continue mining it would be a waste of money, as they'd get no reward from mining a double-spend fork. So now miners will have a financial incentive to block double-spends. So, in effect, once the old getwork function is completely removed, and mining apps check for and drop double-spend transactions, we have our solution. Pools will no longer be a threat when they exceed 50%. A single person/group owning more than 50% of the hashrate could still be a problem, as they could choose to disable the double-spend checking on their own hardware. But this should fix the hashrate coming from hardware distributed around the planet.
75.
Post 7302006 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
We haven't made any new lows here. I'm not sure what you're complaining about. My own analysis shows we could go down as low as 420 before the exponential rise. Any lower and then I start to worry.
76.
Post 7302086 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
Why the sudden gloom? Price is falling a bit but still way up from April.
Some bad news that I did not see? Karpelès bought GHash.io? The FBI seized the blockchain? Satoshi committed seppuku?
Well, that depends Professor. Do you live in California?
http://www.sacbee.com/2014/06/10/6473631/california-teacher-tenure-firing.html
77.
Post 7302107 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
I can't figure out how fonzie got off my ignore list. Remedied now...
78.
Post 7302126 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
FUCK!
that is all.
goodnight.
I'd give you a beer, but all my coins are in cold storage...
79.
Post 7302194 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
Typical Bitcoin. Up 50 points and it's going to the moon. Down 50 points and Bitcoin is dead. Certainly you've been around long enough to see this? The worse the gloom, the bigger the bounce will be.
80.
Post 7302223 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
81.
Post 7386901 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.53h):
Well, it seems that the list is not quite the list of bidders. USMS clarification, quoted in the CoinDesk article:
One of the emails that we sent out this morning inadvertently showed a list of some of the individuals who have asked a question or questions about the pending bitcoin auction.
And, besides, the article says
the original intent of the email was to inform interested parties about an updated FAQ related to the bitcoin auction.
So the list of bidders may not include any of those people, and may include any number of other people.
If it's a list of all those who sent emails for further information then why am I not on this list? Granted I'd be upset to be publicly outed. But I'm not there. So I call shenanigans. Damage control. These are would-be bidders.
82.
Post 7400630 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
Regarding the poll, define "current". Current at what time/date?
83.
Post 7409687 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
Now I see. Trying to get market participants drunk so they fill with irrational exuberance. By all means, continue!
84.
Post 7428998 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
In all honesty I wouldn't mind seeing some cheap coins one more time
I'll sell you as many coins as you want for $0.25 each. Let me know how many dimes you want.
85.
Post 7465596 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
https://www.jpmorgan.com/ https://Ghash.io - Join us - High reward - Lots of fun
"To have failed in everything, always, out of a love of discouragement." aka Bitcoin 2014 - Emil Cioran
So, what project are you managing at JP Morgan? New JP Morgan coin? The conflict of interest here is amusing.
86.
Post 7473194 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
Alright. So when FBI sell seized btc, the price will go down?
a) The coins being sold this week aren't actually all that numerous.
b) The seizure of the coins resulted in a price drop that took into account the eventual sale long ago. This negative price pressure will be removed once the sale is complete.
c) The buyer is unlikely to sell the purchased BTC for at least a year to ensure qualification for the lower long-term capital gains rate. Depending on the buyer, they may have no intention of selling at all, ever.
The net sum of these is a bullish outlook after the coins have been sold this week at auction.
87.
Post 7475354 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
BBB:
https://www.youtube.com/watch?v=vwvySkrUBlA&feature=kp"If you think bitcoin should work within our current systems, if you get excited when entities of authority acknowledge it, if you hope for its taxation and regulation, then you are thinking basic. No, you are worse; you are pandering."
88.
Post 7478073 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
See this is why we need support for a decentralized web. If governments can keep the masses from accessing our decentralized currency by intercepting at the website front-ends, Bitcoin will become inaccessible to most of the world.
89.
Post 7497200 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
If I were going to place a bid on a blind auction to buy bitcoins, and the auction was going to be closed in a couple days, I would put a bid in at $541.00 or $551.00. There seems to be good technical support at those areas and I would feel like there would be a good risk/reward ratio. I'd feel like I'd be able to make some money on a trade (eventually) and/or it would be a good price for a long term hold as well. If I didn't win I wouldn't be too disappointed. If I did win, I'd feel pretty certain I'd be able to do well either trading out or holding. Remember, I'd have to take out $200K out of money for the deposit that was otherwise working for me elsewhere, and the time-cost involved for the auction.
Where would you place your blind bid today for any amount of bitcoin?
Nick
I'd place my bid high enough to trigger a massive bull market. The small amount it would cost me would be well worth the huge spike in value for my entire portfolio.
90.
Post 7497566 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.54h):
I wouldn't be surprised to see it broken. But it won't be because we're headed down long-term. It will be because it will allow big investors to get some cheap coin.
91.
Post 7501621 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
With Bitcoin, the candle highs and lows are easily manipulated due to the size of the market. The best way to represent trendlines are thus to base off the candle close.
This is the one I'm monitoring on the daily chart. But again, I'd only declare it broken if a candle actually closed beneath it.
92.
Post 7514861 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Jorge became a cultist some time ago... I clearly remember that he wrote that he doubled (or tripled?) his BTC portfolio. Todays drop was clearly Jorge cashing out because he needed a little extra cash for the auction.
Actually I did not buy nor sell any coins today, but the USD value of my holdings doubled again, nevertheless.
0 x 2 = 0.
93.
Post 7518352 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Right. You tied up $200K in deposits to make a $200/coin bid you know you'll never get. Get real.
94.
Post 7518547 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
If you put in a market order for 17K BTC on Bitstamp, you'd run the price up to $2400 per coin. There'd be no more coins on offer. It's not possible to buy that many coins at market price. It would take quite a long time to accumulate that many with limit order bids.
95.
Post 7530685 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
So tomorrow the auction happens? And then we go to teh moon? Or we drop? Or we carry on flirting with the high 500s?
Crushing to single digits first, then a bounce to 100k
That would be a hilarious way to remove all margin traders from the next ride up. When we say hold coins off-exchange, we mean it!
96.
Post 7531368 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
I´m feelin a bit bullish lately, anyone else? Shorts closed,
BTC bought, tempted to hit leverage long if we should break 590-600$
Oh come on. You're not giving me a chance to watch you miss the train. I've got to say though, classic talking the market down while you accumulate. I think you just made it in time.
97.
Post 7531543 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
I´m feelin a bit bullish lately, anyone else? Shorts closed,
BTC bought, tempted to hit leverage long if we should break 590-600$
Oh come on. You're not giving me a chance to watch you miss the train. I've got to say though, classic talking the market down while you accumulate. I think you just made it in time.
he will miss the train, dont you worry.
but in the opposite direction.
So you're predicting a Bitcoin crash?
98.
Post 7533625 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
USD loans don't necessarily mean a long BTC position.
99.
Post 7533688 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Think about this for a moment. If you wanted to keep BTC down and you ran out of BTC to sell, one option is to take all the USD loans without using it to buy BTC. You are effectively denying others the use of those funds. This would be a DOS attack on bitfinex's margin loans, effectively hamstringing the longs.
100.
Post 7533800 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
I wasn't implying this, I haven't explored this thought. If someone was manipulating this way, it would be extremely expensive to maintain with interest of 0.1-0.2% per day at least.
As long as the profit exceeds the expense, it will be done. This is also a potential avenue for an entity like the Federal Reserve to disrupt the Bitcoin market. They have unlimited USD at their disposal.
101.
Post 7533870 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
You borrow USD to buy coins. You borrow coins to buy USD (this is shorting BTC).
Or you can borrow all available USD and not buy coins, just to deny these funds to real longs. Then you can borrow all available coins and short, pushing the market down. This would show as the market dropping due to a lack of buying, which is what TERA has been pointing at for a while now.
102.
Post 7537267 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Who do you guys think dumped the 60K Litecoins earlier today? Miner ? Early Adopter? or Someone who bought within the last year and is now sad cakes?
Someone who realized alt coins can't compete with Bitcoin. Oh, and wrong subforum.
103.
Post 7537472 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
C'mon tae fuck guys....this is easy TA:
It's also easy TA to provide a chart that shows the opposite. You'd do better to zoom out a bit and look at the longer term trend.
104.
Post 7537940 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
The 1-hour chart is going parabolic.
105.
Post 7538236 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
This increase has been led by Huobi.
106.
Post 7551123 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
I can't wait to see what happens when the big stash of coins from DPR go to auction (if this happens at all).
We'll probably drop to 100 for 2 months while waiting for the event to happen. Based on what happened this week.
I might get my coins out of cold storage for that one.
Won't happen. Seized foreign currencies are immediately turned to USD on an approved exchange and sent to the Treasury. By the time this court case is over there will be an approved Bitcoin exchange, and more than enough liquidity to absorb the coins.
107.
Post 7551421 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Seriously, at this point, what event could lead to a "bitcoin is dead" consensus again, say over the course of 1 year?
On a scale of 0 to 100, my risk factors are something like this:
Satoshi coins - .001% probability or less, impact 10, duration 3 = .0003
ECDSA vulnerability - .01% or less, impact 10, duration 2 = .002
Implementation vulnerability - 1% or less, impact 8, duration 1 = .008
Bitstamp defection - .1% or less, impact 8, duration 2 = .016
Social apocalypse - 1% or less, impact 6, duration 10 = .6
Mining centralization - 5% or less, impact 5, duration 5 = 1.25
Nuclear war - 2% or less, impact 8, duration 10 = 1.6
US AML Fungibility crisis - 20% or less, impact 9, duration 10 = 18
unknown unknown - NaN
Relevant
https://bitcoinfoundation.org/blog/wp-content/uploads/2014/04/Bitcoin-Risk-Management-Study-Spring-2014.pdfExcellent find. This is very comprehensive. Great job Blitz.
108.
Post 7552879 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction. This would correspond to a lack of buying, as some here have seen in their analysis for the past few weeks.
4) Someone wins the auction, but most bidders do not get all of their bids filled. The losers find out some time between end of auction 6/27 6PM EST and 6/30 5PM EST.
5) Losers begin slowly accumulating Bitcoin on exchanges again until reaching their planned level of exposure.
We are between #3 and #4. The next step will be bullish.
109.
Post 7553272 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction.
[ ... ]
No sane manager would change his firm's financial strategy on account of the possibility of winning a closed-bid auction -- especially one where every moderately rich bitcoin enthusiast in the world can bid. The chances of winning such an auction with a financially responsible bid price are way too small.
From a business perspective, bidding at such auctions is an opportunistic activity: winning would be great, but one must be prepared to lose many times before scoring a win -- or even to lose every time.
Irrelevant. Every single bidder that showed up at this auction has funds reserved for a bid of at least 1 lot of 3,000 coins. Many have funds for more, and some for all lots. Many losing bidders will be left without coins. At some point these bidders made the decision to be buyers of Bitcoin. This decision is unlikely to change as a result of this auction. So we can expect most of the buyers to move their bids elsewhere rather than remove them entirely. This is a great deal more purchasing power than is required for the purchase of these <30K coins.
110.
Post 7553356 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction.
[ ... ]
No sane manager would change his firm's financial strategy on account of the possibility of winning a closed-bid auction -- especially one where every moderately rich bitcoin enthusiast in the world can bid. The chances of winning such an auction with a financially responsible bid price are way too small.
From a business perspective, bidding at such auctions is an opportunistic activity: winning would be great, but one must be prepared to lose many times before scoring a win -- or even to lose every time.
Irrelevant. Every single bidder that showed up at this auction has funds reserved for a bid of at least 1 lot of 3,000 coins. Many have funds for more, and some for all lots. Many losing bidders will be left without coins. At some point these bidders made the decision to be buyers of Bitcoin. This decision is unlikely to change as a result of this auction. So we can expect most of the buyers to move their bids elsewhere rather than remove them entirely. This is a great deal more purchasing power than is required for the purchase of these <30K coins.
However, there will be more coins auctioned by the US government in the future. And there is an OTC market -- only the perma bull case asserts that these buyers need to buy NOW.
No, the buyers themselves asserted they want to buy now simply by presenting themselves for this auction with a $200,000 deposit. Future auctions may not even happen. It will be years before the court case is over and all appeals are done. By then, even if he loses, there will most likely be an approved Bitcoin exchange with massive liquidity where the coins will be converted to USD and sent to the Treasury rather than having an auction.
111.
Post 7554341 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
112.
Post 7554467 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Boom. Crickets.
113.
Post 7554479 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Now where's that guy who said he'd disclose his bid?
114.
Post 7554496 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
115.
Post 7554528 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
OzPolitics forum? You couldn't even be bothered to make your own version for this place?
116.
Post 7557995 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction. This would correspond to a lack of buying, as some here have seen in their analysis for the past few weeks.
4) Someone wins the auction, but most bidders do not get all of their bids filled. The losers find out some time between end of auction 6/27 6PM EST and 6/30 5PM EST.
5) Losers begin slowly accumulating Bitcoin on exchanges again until reaching their planned level of exposure.
We are between #3 and #4. The next step will be bullish.
Yep, bullish.
117.
Post 7558493 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
I have a feeling we are going down. We still have another 4-5 months before ATH. The longer the better imo.
You got a source for that 4-5 months part? Or did you just make that up?
Actually i think i know the answer already.
Can you read the part where it says I have a feeling? Or you blind?
Unless something like ETF gets approved, or some big news hits the media I think we will go sideways for a bit.
Big players are waiting for regulation, Bitlicense guidelines will probably be released for comments early July, and like they said 60-90 days after is when they will start issuing the licenses, and will be a regulated environment.
I think once all that gets finished, we will be looking at new ATH late 2014, early 2015.
So close. Now click that little box next to the words "log scale", since Bitcoin has exponential growth over that time scale.
118.
Post 7559222 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.55h):
Bids increasing quite a bit in the 58x range.
119.
Post 7565823 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
C'mon people. Quoting Mervyn_Pumpkinhead is really destroying this thread. Cut that out.
A much better quoting policy
Seen a few articles lately from localised news sources about relatively small businesses being held to ransom with bitcoin and my tinfoil hat tells me its the start of a smear campaign. Probably just perfectly normal paranoia but just in case...
This a real phenomenon that is going to need to be dealt with or addressed in some various ways... I certainly do NOT know the solution... except maybe there are some multi-sig solutions... but those seem to create problems as well...
people robbed banks in the wild wild west b/c that is where the money was....
greed can be very powerful... and taking from someone else (or attempts at such) can be somewhat direct with bitcoin...
I've not really spent a whole lot of time studying them but what make me suspicious is their timing wasn't far apart and they seemed fairly similar yet they where a long distance apart from each other. That suggests an organisation rather than individuals and they focus on the single aspect of bitcoin that puts it ahead of cash for criminals, no need for any physical exchange. I'd guess the best course of action for anyone receiving threats is to notify law enforcement (or load up on shells) and refuse to pay but if anything is paid then the transaction must be made public so it can be tracked. Things like this will likely only serve to promote coin tracking features which will in turn create black and white bitcoin economies (or increase the utility of more anonymous systems such as darkcoin).
Really though, if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep?
Solutions:
reversibility?
multisig?
tracking? (that's not gonna happen is it?)
Insurance.
120.
Post 7566060 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
I've been doing some analysis on the latest craze, Proof of Stake coins like NXT. On the surface they look like a good deal, with innovation and some great ideas. But they appear to suffer from one very fatal flaw. Proof of Work coins are backed by energy. Those providing the Proof (miners here) must choose one coin on which to spend their energy to provide it. Proof of Stake coins have no such protection.
You cannot double-spend your energy and use it to mine multiple Proof of Work coins (e.g. X Bitcoin and Y Litecoin mined with the same energy expenditure as mining just X Bitcoin or just Y Litecoin). New coins may pop up, but they must fight over the limited supply of miners/energy. This fight over a limited resource ensures you will not see an infinite number of Proof of Work coins pop up running in parallel. This backing by energy ensures we will not see inflation through endless chains of PoW coins.
Proof of Stake coins do not have this protection. Those providing the Proof of Stake, the holders of coins, can freely hold an unlimited number of different PoS currencies, rather than being forced to choose to mine only one with each unit of electricity. Each PoS coin causes no pressure on the others. Thus, an infinite number of PoS coins can flood the market. With no limited resource (miners/energy) being competed for by all the PoS coins, the value that investors look to store in such coins will be diluted more and more over time as new PoS coins are created. This makes PoS coins worthless as a store of value, regardless of the individual characteristics of any particular PoS coin.
In short, Satoshi was clearly thinking long-term with Bitcoin, or he got very, very lucky. Either way, we are all very much in his debt for getting it so right on the first go.
121.
Post 7566535 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
I've been doing some analysis on the latest craze, Proof of Stake coins like NXT. On the surface they look like a good deal, with innovation and some great ideas. But they appear to suffer from one very fatal flaw. Proof of Work coins are backed by energy. Those providing the Proof (miners here) must choose one coin on which to spend their energy to provide it. Proof of Stake coins have no such protection.
You cannot double-spend your energy and use it to mine multiple Proof of Work coins (e.g. X Bitcoin and Y Litecoin mined with the same energy expenditure as mining just X Bitcoin or just Y Litecoin). New coins may pop up, but they must fight over the limited supply of miners/energy. This fight over a limited resource ensures you will not see an infinite number of Proof of Work coins pop up running in parallel. This backing by energy ensures we will not see inflation through endless chains of PoW coins.
Proof of Stake coins do not have this protection. Those providing the Proof of Stake, the holders of coins, can freely hold an unlimited number of different PoS currencies, rather than being forced to choose to mine only one with each unit of electricity. Each PoS coin causes no pressure on the others. Thus, an infinite number of PoS coins can flood the market. With no limited resource (miners/energy) being competed for by all the PoS coins, the value that investors look to store in such coins will be diluted more and more over time as new PoS coins are created. This makes PoS coins worthless as a store of value, regardless of the individual characteristics of any particular PoS coin.
In short, Satoshi was clearly thinking long-term with Bitcoin, or he got very, very lucky. Either way, we are all very much in his debt for getting it so right on the first go.
Satoshi was long term thinking but here it's more based on the circumstances. POS can't bootstrap itself, it's always based directly or indirectly on a POW bootstrapping
I'm not talking about the bootstrapping. I'm talking about any coin that enters a purely PoS phase with nothing else required to confirm transactions. An infinite number of coins can enter such a phase, diluting any value stored in them to the point of worthlessness. All PoS coins (any coin that enters a pure PoS phase) will trend to $0 because of this, as more PoS coins come into existence.
PoW coins do not suffer from this problem as they all compete for limited mining resources. Thus PoW coins actually do provide a good store of value.
122.
Post 7567595 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
I'm not talking about the bootstrapping. I'm talking about any coin that enters a purely PoS phase with nothing else required to confirm transactions. An infinite number of coins can enter such a phase, diluting any value stored in them to the point of worthlessness. All PoS coins (any coin that enters a pure PoS phase) will trend to $0 because of this, as more PoS coins come into existence.
PoW coins do not suffer from this problem as they all compete for limited mining resources. Thus PoW coins actually do provide a good store of value.
I'm not a fan of PoS but I disagree. It is like taking off the restrictions for fractions of bitcoins making them infinitely divisible and then saying that will make them worthless. You can have intricate rules for any coin on how much a block will reward providing infinite possibilities for altcoins.
The value of coins is the trust in the system technology wise, its current utility and how it will develop in the future.
The relative value of any particular PoS coin is directly proportional to the size of the network of the coin you are measuring, divided by the size of the networks of all PoS coins. Since the number of PoS coins is not limited, and the network size of each of them is not limited by competing for a scarce resource such as energy, the denominator will grow much more quickly than the numerator, leading value to $0 over the long term.
The relative value of any particular PoW coin is directly proportional to the size of the network of the coin you are measuring, divided by the size of the networks of all PoW coins. Since the network size of each PoW coin is limited by competing for a scarce resource (miners and energy), the size of the networks of all PoW coins is limited. When a new PoW coin is created, it must take from the pool of miners/energy by reducing the size of another coin's network to increase its own. This means the relative value of any particular PoW coin is much more resistant to being drained as new PoW coins pop up. The new coins will have to fight for resources with the existing coins, which is generally very difficult to succeed at versus large coins such as Bitcoin. Thus, well established PoW coins will generally have a stable value regardless of the introduction of new PoW coins.
123.
Post 7594045 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction. This would correspond to a lack of buying, as some here have seen in their analysis for the past few weeks.
4) Someone wins the auction, but most bidders do not get all of their bids filled. The losers find out some time between end of auction 6/27 6PM EST and 6/30 5PM EST.
5) Losers begin slowly accumulating Bitcoin on exchanges again until reaching their planned level of exposure.
We are between #3 and #4. The next step will be bullish.
Yep, bullish.
Back up the truck...
124.
Post 7603833 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
That shows us the demand from buyers is, at minimum, 63 x 3000 = 189,000 Bitcoins. Buyers have the fiat to buy that many coins ready to go, and based on the $200,000 deposit received from each, they have demonstrated the desire to use that fiat. Now subtract those who won the auction and you are left with around 159,000 coins worth of buyers demand still waiting to be purchased by those who already earmarked this money for Bitcoin purchases.
We now have solid confirmation that large buyers with demonstrated desire to buy Bitcoin will have fiat capable of buying 159,000 coins freed up today. It is highly unlikely these large buyers will remove their bids from the market entirely. It is more likely their bids will be moved to an exchange.
125.
Post 7609955 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
I predict we will never see sub-$600 again.
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Post 7609997 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
I predict we will never see sub-$600 again.
Never ... hmmmmm thats a very long time
Yes, very.
127.
Post 7610378 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
Bitcoin will never rise again.
Quoted.
Thats a STRONG prediction.
I hope you aren't all out of the market. When people start predicting this kind of thing, the price tends to go nuts.
Where did igorr go anyway?
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Post 7612328 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
129.
Post 7626861 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.56h):
This drop will create the new floor on high volume. One buyer is very bullish. It means the sale price was likely higher than most anticipated.
130.
Post 7632670 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
Therefore unless bitcoin payments get some sort of discount youd have to be pretty stupid or paranoid about the nsa snooping on you to pay via bitcoins...
There's nothing stopping someone from creating a Bitcoin credit card. Compare Bitcoin with cash. Compare USD credit cards with Bitcoin credit cards. Right now the latter do not exist. But they will some day.
131.
Post 7633178 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.
Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.
Your assuming the coins got hacked to begin with
Please don't feed the trolls, or quote them.
132.
Post 7691952 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
If street prices are $1000 per TH now how much will these 650 TH machines sell for?
I paid 5K for 100GH
double your bitcoin in a year they said, worst investment decision EVER
ํyou didn't get you btc back?
not even close.
in USD terms i made a few bucks...
May you disclose how many bitcoins have you made out of it?
9BTC
my bitcoins got hashed to bits.
Wait, you've invested 5k and claim to have made 9btc wich means 5688$ at current rates.
5688-5000=688$ profit, no?
Profits must be compared against buying and holding BTC instead. He invested more than 9 BTC into his mining operation, and came out with 9 BTC afterward. Sure, BTC went up during that time. But that profit has nothing to do with the mining itself. Mining was a net loss. He only came out ahead because BTC went up. He'd have come out even more ahead without the mining venture.
133.
Post 7722767 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
For one thing, if one day it may look like like they may succeed in their goal -- bypassing government controls on money flow and supply --, then governments will surely ban them.
Governments do not have control of money flow and supply. Banks do.
Whatever, it does not change the problem.
The controls I am referring to include their fight against money laundering, illegal commerce, bribery, embezzlement, tax evasion, blackmail, financing terrorism, sabotage and assasinations on their soil, ... If governments get to see cryptocurrencies as a significant obstacle to their efforts against those things, they will clamp down on them -- make crypto commerce illegal, raid servers, co-opt or infitrate crypto outfits, etc. With full support from the banks, of course.
Bearer stock certificates (BSCs) were numbered but anonymous pieces of fancy paper that certified the bearer as owner of so-many shares of some company. BSCs of major companies were fungible and untraceable, like dollar bills; but one certificate could be worth thousands of dollars, so they were much more convenient than cash or gold for large payments that had to be hidden from the government, and to take money across borders. Moreover, their value would grow over time, so they could be used to safely store wealth for decades, out of the reach of government. BSCs of course were favorites of criminals and tax evaders. Surprise, companies no longer issue BSCs, and they have been outlawed in many places (~20 years ago in Brazil, IIRC).
Apples and oranges. Would you really want to carry around a piece of paper worth millions of dollars? You'd need an armored vehicle. It's not efficient, nor safe.
Bitcoin is not anonymous, and can be transmitted without an armored vehicle. The NSA's job going forward will be to identify addresses owned by terrorists. The blockchain can be mined in a 6 degrees fashion to find the circles of terrorists. The points where the NSA will insert themselves will be at vendors and exchanges that take the currency and give something else of value. That will always be a point where identification can be made of individuals and businesses facilitating purchasing for terrorist networks.
134.
Post 7723363 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
Government can never completely eliminate currencies based on decentralized consensus blockchains. They can only make it more difficult to trade this currency for their own currency, and vice versa. If government pushes Bitcoin into a black market currency, it will still exist. In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.
135.
Post 7723449 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
Government can never completely eliminate currencies based on decentralized consensus blockchains. They can only make it more difficult to trade this currency for their own currency, and vice versa. If government pushes Bitcoin into a black market currency, it will still exist.
In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.No. It makes me cringe every time someone says this.
It's the truth. Please read here:
http://economics.about.com/od/demand/ss/black_market.htm
136.
Post 7723686 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
Government can never completely eliminate currencies based on decentralized consensus blockchains. They can only make it more difficult to trade this currency for their own currency, and vice versa. If government pushes Bitcoin into a black market currency, it will still exist.
In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.No. It makes me cringe every time someone says this.
It's the truth. Please read here:
http://economics.about.com/od/demand/ss/black_market.htmThe supply of bitcoins are not reduced if they are made illegal. There will still be 21 million of them.
No. The supply of Bitcoins being sold for USD would be greatly reduced. That would be the effect of any legislation criminalizing Bitcoin in the United States. Converting Bitcoin into USD would suddenly make that seller a criminal. This would make it much more difficult to buy Bitcoin, thus resulting in an increased BTC/USD price. Most centralized exchanges for BTC/USD would be shut down.
137.
Post 7723844 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
Government can never completely eliminate currencies based on decentralized consensus blockchains. They can only make it more difficult to trade this currency for their own currency, and vice versa. If government pushes Bitcoin into a black market currency, it will still exist.
In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.No. It makes me cringe every time someone says this.
It's the truth. Please read here:
http://economics.about.com/od/demand/ss/black_market.htmThe supply of bitcoins are not reduced if they are made illegal. There will still be 21 million of them.
No. The supply of Bitcoins being sold for USD will be greatly reduced. That would be the effect of any legislation criminalizing Bitcoin in the United States. Converting Bitcoin into USD will suddenly make that seller a criminal. This will make it much more difficult to buy Bitcoin, thus resulting in an increased BTC/USD price. Most exchanges for BTC/USD will be shut down.
Mining would become easier.
You're missing the main point anyway - the utility of illegal drugs are not affected by their legal status. The utility of BTC is greatly reduced if it is made illegal. And what's the "intrinsic" value of BTC in the first place? Its utility.
No. Bitcoin's utility as a store of value would not be affected. Only its use as a currency would be affected. The use as a store of value is what most directly translates into its exchange price today.
138.
Post 7724023 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
Government can never completely eliminate currencies based on decentralized consensus blockchains. They can only make it more difficult to trade this currency for their own currency, and vice versa. If government pushes Bitcoin into a black market currency, it will still exist.
In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.No. It makes me cringe every time someone says this.
It's the truth. Please read here:
http://economics.about.com/od/demand/ss/black_market.htmThe supply of bitcoins are not reduced if they are made illegal. There will still be 21 million of them.
No. The supply of Bitcoins being sold for USD will be greatly reduced. That would be the effect of any legislation criminalizing Bitcoin in the United States. Converting Bitcoin into USD will suddenly make that seller a criminal. This will make it much more difficult to buy Bitcoin, thus resulting in an increased BTC/USD price. Most exchanges for BTC/USD will be shut down.
Mining would become easier.
You're missing the main point anyway - the utility of illegal drugs are not affected by their legal status. The utility of BTC is greatly reduced if it is made illegal. And what's the "intrinsic" value of BTC in the first place? Its utility.
No. Bitcoin's utility as a store of value would not be affected. Only its use as a currency would be affected. The use as a store of value is what most directly translates into its exchange price today.
What are you going to do with your now illegal BTC?
Again, BTC wouldn't be illegal. Converting to USD would be illegal. You could sell for other currencies in countries not hostile to Bitcoin. If somehow all the countries of the world were to criminalize exchanges between Bitcoin and their currencies (very big stretch here), there would always be a market between Bitcoin and Gold, or anything else with actual value.
139.
Post 7724226 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.57h):
The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
Government can never completely eliminate currencies based on decentralized consensus blockchains. They can only make it more difficult to trade this currency for their own currency, and vice versa. If government pushes Bitcoin into a black market currency, it will still exist.
In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.No. It makes me cringe every time someone says this.
It's the truth. Please read here:
http://economics.about.com/od/demand/ss/black_market.htmThe supply of bitcoins are not reduced if they are made illegal. There will still be 21 million of them.
No. The supply of Bitcoins being sold for USD will be greatly reduced. That would be the effect of any legislation criminalizing Bitcoin in the United States. Converting Bitcoin into USD will suddenly make that seller a criminal. This will make it much more difficult to buy Bitcoin, thus resulting in an increased BTC/USD price. Most exchanges for BTC/USD will be shut down.
Mining would become easier.
You're missing the main point anyway - the utility of illegal drugs are not affected by their legal status. The utility of BTC is greatly reduced if it is made illegal. And what's the "intrinsic" value of BTC in the first place? Its utility.
No. Bitcoin's utility as a store of value would not be affected. Only its use as a currency would be affected. The use as a store of value is what most directly translates into its exchange price today.
What are you going to do with your now illegal BTC?
Again, BTC wouldn't be illegal. Converting to USD would be illegal. You could sell for other currencies in countries not hostile to Bitcoin. If somehow all the countries of the world were to criminalize exchanges between Bitcoin and their currencies (very big stretch here), there would always be a market between Bitcoin and Gold, or anything else with actual value.
The truth is if the US decides to be hostile towards BTC, most other countries would follow for fear of economic sanctions etc. This may not be true in the future, but it is the reality today.
Now say you want to purchase a car, a house etc with your wealth stored in BTC. What incentive does the merchant have to accept your illegal BTC instead of legal USD? Maybe you can persuade him by paying more... What benefit does BTC offer him over USD for him to risk confiscation, prison etc?
You're speaking again in terms of using Bitcoin as a currency. Obviously that would be handicapped with criminalization of exchange between BTC and USD. We've already covered that. Bitcoin would still function as a store of value, however. It could still be used to transfer value between people nearly instantly, and could still be exchanged for Gold, Silver, and anything else of value outside the jurisdiction of hostile governments. Bitcoin would likely become a proxy for Gold, as it's much easier to safely move. Imagine half the market cap of Gold moved into Bitcoin.
140.
Post 7724426 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
The reality is the US Government already knows what I've stated to be the truth. They will not attempt to ban exchange between USD and BTC. They will instead attempt to control it, regulate it, and tax it. They will insert themselves into key points of infrastructure to gather intelligence. As mining hardware is expensive, they will not attempt to destroy Bitcoin through a proof of work attack (51%). That would only result in movement to another proof of work algorithm, making their hardware investment worthless. Instead, they will focus on gathering intelligence. The blockchain was/is the first step. Data collection at exchanges is the next. It's actually much easier to trace the flow of Bitcoin than the flow of cash. So I would expect the US Government to happily support Bitcoin as it provides superior data on their enemies.
141.
Post 7726132 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
Regarding your other point; that BTC would still serve as a store of value, you're assuming the exchange of BTC to USD is the only thing that would be made illegal. That is naive. "Holding" BTC could be made illegal just as easily.
1) The blockchain is made of transactions. There are no actual accounts holding anything. Addresses simply have the power to spend outputs from prior transactions in the blockchain, or they do not.
2) Anyone can make a transaction with any address as an output. This would be the equivalent of US bank accounts accepting deposits from any third party. To make holding a balance illegal when funds can be deposited by any third party is not feasible.
3) All this would do is transfer control of most Bitcoins from law-abiding US citizens to others. It wouldn't reduce the number of Bitcoins in circulation.
4) Even when it was made illegal for US citizens to hold gold, gold itself held onto its value. Most citizens transferred their gold out of the country rather than comply with that unconstitutional law. If this happened to Bitcoin, you could just transfer all your Bitcoins to an offline wallet. There'd be no way to prove you still owned any of it. You could then use it to buy gold outside the country.
142.
Post 7726205 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
The distinction between anonymous and pseudonymous, for this purpose, escapes me. Either way, one goal of the technology was to allow a secure payment without the parties having to reveal their identities to anyone, not even to each other, at any time.
That goal implies that governments will not being able to "see" the payments. Sure, they can tell that someone paid 23.12 BTC to someone else, perhaps to him/herself; but that information is useless if they cannot tell who the parites are -- not even their nationalities or locations.
You confuse powers of a government with powers of random individuals. Large governments have the power to snoop at the exchange level, identify the purchaser of Bitcoins, and then follow the blockchain to see where those funds are actually used. Individuals don't usually have the power to snoop on exchanges.
If the government and everybody else can see exactly how much XFC you earn and where you spend it -- what would be the advantage of using FunnyCoin, instead of banks?
One main advantage is inability to forever print more currency. Monetization of debt is one way governments choose to pay for their onerous social programs. With this change, governments will be forced to make their taxes completely visible rather than monetize it and collect through inflation.
143.
Post 7729250 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.
Laissez Faire capitalism, which in the US was brought
in by back starting with Reagan, first allowed banks and corporations to grow and merge without limits. (Once upon a time, there was a US government that ordered the breakup of AT&T because it was too big. Would you believe that?) Huge companies meant cartels which meant fat profits which meant fat bribes and campaign contributions which meant laws favoring the richest, such as the end of the progressive income tax and all sorts of tax breaks, loopholes and tax heavens. Laissez-faire capitalism (or extreme deregulation) then allowed banks and financial corporations to invent all sorts of virtual assets built on top of each other, take risks that were once unthinkable, engage in undetected massive fraud, cede control to foreign corporations, etc.. When the house of cards finally collapsed, they already had enough power over the government to force it bail them out with taxpayers money. That is where laissez-faire capitalism inevitably leads to.
No. That's crony capitalism. Laissez-faire economists oppose crony capitalism. Please educate yourself here:
http://en.wikipedia.org/wiki/Crony_capitalism
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Post 7729393 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
I predict we will never see sub-$600 again.
Never ... hmmmmm thats a very long time
Yes, very.
Ok, I'm calling bottom yesterday (7-6-2014) at 612.90. I don't think we're going to spend much time below 620 from this point on, and never below 612 again. Current price is 622.61.
145.
Post 7729641 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
Thank you, but I lived in the US 13 years starting with Reagan's election. I have seen it happen in real time. And I have seen that here in Brazil too, before and after that. It was deregulation, not government intervention, that created the monster banks and all economic crises since then.
[...] When the house of cards finally collapsed, they already had enough power over the government to force it bail them out with taxpayers money. That is where laissez-faire capitalism inevitably leads to.
No. That is where crony capitalism inevitably leads. Nobody here is arguing for crony capitalism.
146.
Post 7730272 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
$So what compelling information-developments are happening in BTC to make the $ price increase? You tell me. An ETF? Give me a break.... There's nothing new going on is there?
Check the fundamental analysis thread. The average rate of adoption continues to increase at a steady rate.
147.
Post 7746995 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
And now that the selling has subsided... and we hear nothing but crickets... those wishing to accumulate begin to realize the only way to do so is to move the market up. He who buys first, buys best.
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Post 7758323 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price?
Sorry, how would that work again? How do you go long on leverage without buying?
149.
Post 7760730 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
It's time to test the strength of our exponential trend line. We should be above $645 on Bitstamp by this time next week. If it happens, trend line strength is confirmed and we're on our way up. If this doesn't happen, bad mojo.
Edit: Meant this time next week, not tomorrow. That's 7/16 at 5PM Pacific.
150.
Post 7760898 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
Here is a weekly log chart of BTC/USD from
https://bitcoinwisdom.com/markets/bitstamp/btcusd.
Weekly MACD is green. We're bouncing up off the long term exponential trend line. As long as this line holds, it's a great time to be long.
151.
Post 7800968 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
Nice panic buy from a large investor.
152.
Post 7823845 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
We bounced right off the ever-increasing exponential trend line at 626.50. In about 8 hours that trend line will be at 630. We've shown strength every time we hit it, with buyers coming in on large volume to take price back above the line. If this continues, we have no choice but to move up over the next couple days.
153.
Post 7832060 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
On 7-10 during the 9am EDT hour the long term exponential trend line was at 613.70. We hit 5.80 below this trend line and were pushed up with higher volume within a few hours. The buyers seem to come in when they see us below the line.
Right now this trend line is at 628.37. We hit 623.43, which is 4.94 below the trend line. I expect the buyers to come in and bring us back over the trend line within the next few hours.
154.
Post 7832420 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
We're just trying to save your shop, Shroom.
https://twitter.com/ShroomsKit/status/322610842933805056Well, as you may have noticed Bitcoin went down quite a bit! I still have faith though. And our shop continues just like before!
155.
Post 7832864 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
If it doesn't does that send you back to the drawing board? What kind of statistical confidence do you have in making a bullish call based on an average?
If it doesn't, then it doesn't. This trend line isn't an average. It's an exponential line connecting high volume areas of historical support. It increases approximately 10-fold per year. Bubbles in Bitcoin can be seen by watching for movements significantly above this line, which eventually crash back to the line.
156.
Post 7842871 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
I've been probing the monkey about longer term prospects. Monkey seems to be bifurcating his analysis on the weekly/monthly scales, mixing two principal scenarios, both bullish:
1) Gradual (linear) rise for 2 months, plateau for a month or so, and then 2 months of rocketship, past 6k, mild bear market early 2015 but possibly protracted.
2) Increasing rate of climb (parabolic) from August into September, short, sharp ramp in September, past 3k, mild bear until late November or early December.
However, on the daily chart he continues to flip-flop. His worst case scenario is found on the daily chart:
1) A 1 week linear decline followed by a 1 week parabolic decline to 444, culminating in a strong bull market in August.
2) Alternatively, the bullish scenario is continued wobble, indeterminate duration, ending in a weekly/monthly (1) track.
If I try to combine the daily with the long-term forecasts, he seems to be telling me that a sharp draw-down now would end in a 3k+ September, while a drawn-out wobble now would end in a 6k+ November.
What does monkey use as a fitness function? Pure net worth? Do you risk-adjust, or otherwise look to minimize dips in capital?
157.
Post 7844082 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
On 7/14/2014, at 3:11:25pm EDT, ChartBuddy became self-aware...
158.
Post 7844855 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.58h):
What does monkey use as a fitness function? Pure net worth? Do you risk-adjust, or otherwise look to minimize dips in capital?
monkey only thinks about estimating price trajectory. any position sizing, hedging, &c is all on me. i personally try to follow the dynamic leverage-space model (generalized kelly sizing) but when i'm trading purely my own book, i get a bit risky; i have goals which can best be characterized as insane.
Right. Monkey needs feedback telling him when he's doing best so the best algorithm can be selected. I'm asking how you look at the equity curve and make the comparison of what's better. The best would obviously be a smooth straight line upward as time passes. The worst would be constant drops to $0 with recovery, where he happens to be at an all time high in equity right now. I wouldn't equate the latter with a good system even though it's at an all time high of equity right now.
159.
Post 7869447 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.59h):
Hey look, it's one of those "not backed by anything" guys again. Grab the pitchforks!
I am not saying that; that is just the way the SEC presumably sees it.
Bitcoin is backed by energy. Its Proof of Work requirement is essentially a proof of expenditure of energy. You cannot spend a unit of energy more than once. You can spend it on mining Bitcoin, mining another PoW coin, or something else like running your household. Energy is a commodity that has a price, and it cannot be counterfeited.
Now Proof of Stake coins... that's another topic. There's nothing backing those. You can hold an infinite number of different PoS coins. Inflation through diversification into new PoS coins will ultimately destroy purely PoS coins.
160.
Post 7869565 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.59h):
Bitcoin is a commodity, not a security. When you hold it, you have it, just like gold or wheat or a eurodollar swap.
Yes. In fact, all commodities are backed by energy. Physical commodities can be mined or created with expenditure of energy. So can Bitcoin.
161.
Post 7869593 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.59h):
Bitcoin is backed by greed, that makes people waste energy for a no-gain process.
Increased hashrate as a security measure is a joke. You only have to compromise the security of 2 pools to compromise the bitcoin network, no matter the hashrate of these pools.
Not a real issue. If it happens, the blockchain will be forked to a pre-tamper point and everyone will keep their Bitcoins.
162.
Post 7900040 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.59h):
Obsession with the Chinese...
163.
Post 7919206 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.59h):
Have the Winklevoss twins ever publicized the address where they are storing their vast number of coins?
164.
Post 7919700 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_12.59h):
Dell's Bitcoin wallet is on Coinbase. If you pay with BTC in a Coinbase wallet, you avoid the transaction fee. This implies the transaction is off-blockchain when the payer and payee are both using Coinbase. Otherwise, you pay the standard Bitcoin transaction fee for BTC payments coming from non-Coinbase wallets.
165.
Post 8062205 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
In on page 7777.
166.
Post 8062358 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
In on page 7777.
There is a lot of dumping going on this7777 thing may collapse
We'll have to put in bids every 10 posts to ensure we get hit.
167.
Post 8072025 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
Quickly! Warn inhabitants of low lying coastal areas...
LMAO, I wish I was good at editing stuff. Fiat tsunami! Hide yo' bitcoins, hide yo' wallets and hide yo' altcoins cuz they buyin everythin up here!
How do you say Tsunami in Mandarin?
http://bitcoinity.org/markets/huobi/CNY 海啸
Hǎixiào
168.
Post 8073332 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
Let us see if 590 will be resistance. The support that has built up is obviously nonsense (duh). Good luck folks!
This is a good place for resistance, but resistance will be very weak this time, and will not last long. 602 has much better resistance.
We are Bitcoin. Lower your ask walls and surrender your fiat. We will add all proven altcoin technological distinctiveness to our own. Your central banks will adapt to service us. Resistance is futile.
169.
Post 8077039 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
Well, it is flat-lining the mining difficulty. So I think we have hit the equilibrium where bitcoin price=power to mine.
is that good, bad or indifferent?
If true, that would mean any further drops would result in miners reinvesting with purchases of Bitcoin and holding onto mined coins instead of buying fresh mining equipment. It would essentially mean massive support.
170.
Post 8078872 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
Is it a coincidence that we hit page 7777 on 7/28/14? Hmm...
171.
Post 8088845 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.01h):
So this is just a wallet with a built-in exchange. Now if this were a decentralized exchange, we might be onto something.
172.
Post 8171123 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.02h):
However, it involves the government propping up financial institutions or big companies or "protecting" the military and police and private property, that is called democracy and capitalism... which is a "good" thing....
That would be crony capitalism, which is equally evil.
173.
Post 8171320 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.02h):
distributing money to the people does NOT sound like a bad thing
It is. Central planning is notoriously bad at predicting where capital needs to be invested. It leads to massive inefficiencies, which usually means a slower economy, loss of jobs, and poorer conditions for the working class. Distribution of money by those in government is a form of central planning. Individuals and small groups of people are simply not good at knowing where to invest.
A truly free market will perform much better than central planners. Note that crony capitalists need not apply. They are just as bad as central planners, picking out businesses to receive money instead of individuals.
174.
Post 8185564 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.02h):
Got your bids filled, Adam? We backed the train up just so you could hop on. It's not a fun trip without free beer the whole way.
175.
Post 8406761 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.06h):
The majority on the poll were right.
176.
Post 8407295 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.06h):
Noone is interested in yet another currency controlled by central banks. They've got plenty of fiat currencies already. I see nothing interesting in Ripple.
177.
Post 8421079 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.06h):
Some moments are for increasing the fiat value of your coins. Some moments are for increasing the number of your coins. This is the latter. These are the days that will define the winners and the losers, the millionaires and the whiners, the successful and the failures. Choose your future now.
178.
Post 8427250 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.06h):
The wind is blowing down. Buy some more kites.
179.
Post 8427809 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.06h):
The market has a very negative tone. Yet here we are over $460. A year ago the same negative tone would have had us much, much lower. Higher bottoms is bullish.
180.
Post 8428359 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.06h):
lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!
Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.
Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.
you little FUDster you
People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.
But there is no bottom here. This is just sellers taking a breath.
So, you flat? Got bids lined up at 440 and lower?
181.
Post 8442317 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
GABI needs a low start price so they can make steller claims on fund performance.
182.
Post 8443693 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
an interesting fact
in the last few days:
longs are down ~38.4% short are up ~43.7% price has dropped ~18%
so if longs are down and short are up , who the fuck is buying all the coins?
Willy 2.0
non leveraged true believers ( aka: investor not trader)
bears are doomed.
Your stats only include leveraged longs, correct? It doesn't include purchases made without margin.
183.
Post 8443893 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
It's hilarious really. Folks are borrowing Bitcoins to sell (short) to holders, who are taking them off-exchange into cold storage. It will be hard to find cheap Bitcoins when the shorts have to cover.
184.
Post 8444991 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
A mortgage? Man, I don't know. I think it is the worst way you can lock yourself into a life-time of debt, and for what? A house and a car? I have bigger plan. I want to live in 5 star hotels around the world drinking grappa barricata all day long. Or die trying.
I just had to quote this and hand out the newbie post of the month award.
I don't know what grappa barricata is but welcome to the conversation newbie!
Hmm, a mortgage doesn't imply living in a house... just owning one. And as to those who want to pay off all debt, normally I'd agree. But if you could own 10x as much Bitcoin by keeping the 4% APR mortgage around, I'd say that probably has the better risk/reward ratio right now.
185.
Post 8456038 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
Total sum of active swaps
USD 0.054% 0.1602% 18,006,743.72 USD
BTC 0.0055% 0.0065% 7,462.83 BTC
Over 500$ without new longs
There is at least 12mil$ for borrow on finex
If we had $12 million in panic buying at market price, where would that take the price?
186.
Post 8457030 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
*sigh* Now I'm sad. Our contrarian indicator is going long at $511. That means if we hit it again we tank.
187.
Post 8462188 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.07h):
If the $14 million of margin longs that disappeared from bfx were to panic buy at market right now, price would reach $1800. So that's our very high ceiling without any new fiat on the exchanges.
188.
Post 8520330 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
Everything is awesome... - Lego Movie
189.
Post 8534179 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun.
190.
Post 8534237 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun.
to 505 !
505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up...
191.
Post 8534333 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun.
to 505 !
505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up...
Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine.
192.
Post 8534362 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun.
to 505 !
505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up...
Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine.
Co-opting U.S. Federal Reserve Bond Purchasing system. Redirecting as U.S. Federal Reserve Bitcoin Purchasing system.
193.
Post 8549732 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
So anyway, I'm observing a wall at 517...
194.
Post 8550925 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun.
to 505 !
505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up...
Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine.
Co-opting U.S. Federal Reserve Bond Purchasing system. Redirecting as U.S. Federal Reserve Bitcoin Purchasing system.
I'm going to have to get a Trezor for all these coins. Cold storage is such a pain in the butt.
195.
Post 8551044 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
I was honestly expecting the 519.99 wall to be pulled after I took the first bite. Looks like I'll get some slippage free coins here.
196.
Post 8551052 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
Ah man... they pulled half the stack. Bummer.
197.
Post 8551063 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
Oh good. It's back. But I don't think I can rely on it unless I pull the trigger all at once. At least half of it is fake.
198.
Post 8551132 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
Well, got some at that price. But the idiot seller pulled half the stack again. Some of my order filled at 520, the next big wall.
199.
Post 8551192 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
$520 wall is looking real. Not pulled after my first bite.
200.
Post 8551238 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.08h):
Yum. I love low slippage buys. Thanks wall guy.
201.
Post 8564875 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.09h):
Oh my, away for a while and more walls pop up. Awesome. Let's get started, shall we?
202.
Post 8564927 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.09h):
The upper wall has held solid for a bit. But the bottom wall keeps getting moved by this moron. Hold still for a minute, crazy wall guy!
203.
Post 8564940 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.09h):
The awesome part about this particular low slippage purchase, is I'm fairly certain it's the GABI backers. If so, every coin I take from them now, without slippage, will have to be repurchased in a few days, hopefully with lots of slippage!
204.
Post 8600757 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.09h):
Chancellor, you must invoke emergency powers and create a Grand Army of the European Union!
205.
Post 8601234 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.09h):
One last design added to my store
All sales commission (a lousy 10%) goes towards replacing the coins stolen by Brewster et al.
Bitcoin not to be associated with a murdering c*nt pleasethankyou.
a symbol of liberation.. depending on perspective.
Che was a Marxist revolutionary. Please don't associate Bitcoin with Marxism. We are anti-Statism.
206.
Post 8739471 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
I wonder how much falllling is getting paid to try to talk down the price. He's getting desperate now.
207.
Post 8739557 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
Any hint about all the Satoshi email stuff might have on BTC price?
(I know falllling will say we are about to see a big dump, no need to waste your post answering me)
What is known now is already priced in, including the probabilities of various unknowns.
208.
Post 8739597 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
When someone finds a private key, the first thing they do is transfer the Bitcoins out to another address they alone control. That hasn't happened.
209.
Post 8739633 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
And it won't happen. Even if it did happen, it could be easily corrected with a fork.
210.
Post 8755076 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
The network targets 10 minutes for one confirmation. But it's usually less than that. For small transactions you don't need it anyway. Nobody is going to spend the mining resources trying to double spend a small transaction. They'd lose money. So for transactions that cost less than the average cost to mine a block, it's safe to go with zero confirmations.
211.
Post 8755166 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
double spend your coin on a big dollar deal i dare you.
That one happens all the time. The local mom and pop shops in my city are now checking every bill for counterfeit. Apparently there's a group passing off fake $10 bills now all over the place. If they don't check the bills, the bank will reject them on deposit and they will be out the money. Bitcoin fixes this problem.
212.
Post 8755209 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.11h):
How would you do that? If the transaction is submitted to the network it will eventually be confirmed unless you double spend it before someone in the network mines that block.
213.
Post 8838918 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.13h):
So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin. Still a chance we could go a great deal lower until this happens. After that, I expect the ramp up that began on 10/2/2013. I'll let you know when the day hits.
214.
Post 8839066 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.13h):
So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin. Still a chance we could go a great deal lower until this happens. After that, I expect the ramp up that began on 10/2/2013. I'll let you know when the day hits.
Approval of COIN ETF perhaps?
No, sorry. Not that.
215.
Post 8839090 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.13h):
So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin. Still a chance we could go a great deal lower until this happens. After that, I expect the ramp up that began on 10/2/2013. I'll let you know when the day hits.
It is a secret event for us?
It's not a secret event. But I'm pretty sure if I publicly identify what I discovered as the main source for Bitcoin bubbles, it will permanently end it.
216.
Post 8839181 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.13h):
So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin. Still a chance we could go a great deal lower until this happens. After that, I expect the ramp up that began on 10/2/2013. I'll let you know when the day hits.
It is a secret event for us?
It's not a secret event. But I'm pretty sure if I publicly identify what I discovered as the main source for Bitcoin bubbles, it will permanently end it.
PM me...I won't tell anyone.
Naw. I probably shouldn't have even said this much. I'll just get jumped on by everyone thinking I'm full of crap anyway.
217.
Post 8854561 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.13h):
What the...?
Cute. Those asks add up to almost exactly 2600. Someone is having some fun.
https://www.google.com/#q=2600
218.
Post 8869681 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.13h):
What? Buy at 1am? Ok...
219.
Post 8895378 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.14h):
So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin. Still a chance we could go a great deal lower until this happens. After that, I expect the ramp up that began on 10/2/2013. I'll let you know when the day hits.
OK, I am letting you know. The event has occurred. No, it wasn't the Scotland vote. I expect us to begin slowly ramping up now.
220.
Post 8895456 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.14h):
So anyway, we're just a few days away from an event that should begin to provide buying pressure to Bitcoin. Still a chance we could go a great deal lower until this happens. After that, I expect the ramp up that began on 10/2/2013. I'll let you know when the day hits.
OK, I am letting you know. The event has occurred. No, it wasn't the Scotland vote. I expect us to begin slowly ramping up now.
End of USG/FED QE?
No. It's much more subtle than that. But it has happened at the start of every bubble rally.
221.
Post 8897080 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.14h):
One does not simply short Bitcoin after the bottom is in.
(Seriously though... Bitcoin is volatile. I still expect wild swings as we, on average, begin slowly rising.)
222.
Post 8933280 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
Everyone ready?
adam: Sorry.
223.
Post 8942620 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
The latest announcement from Paypal says they will support both customers and merchants with Bitcoin wallets. That means Buying with Bitcoin through Paypal doesn't necessarily mean selling of Bitcoins for USD.
224.
Post 8960507 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
Unlikely given he thinks altcoins are garbage.
225.
Post 8960618 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
Getting real close to that wall.. if it goes...
Well.. you know what happens next.
Yes. Loaded gets some cheap coins for his customers.
226.
Post 8960693 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
Getting real close to that wall.. if it goes...
Well.. you know what happens next.
Yes. Loaded gets some cheap coins for his customers.
Yeah, because Rich Man A knows so much more than all the other rich men who have dumped down to this level, right?
Dump time is over once the bottom is in. That doesn't make the dumpers prior to bottom wrong.
227.
Post 8960819 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
omg let it go!
Queue "Frozen" music.
228.
Post 8961282 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.15h):
Your choice. Either be the bag holder or take a beating.
229.
Post 9009213 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.17h):
Page 8888!
230.
Post 9012405 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.17h):
To recreate the bug, you may have to have BFX open in one tab, then open the order book in a new tab.
You are right, I see another username and his balance flash in the top right panel for a second.
231.
Post 9045559 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Please back up your claim with some kind of proof.
Here you go...
Proof that 1 = 2:
Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.
232.
Post 9045776 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Please back up your claim with some kind of proof.
Here you go...
Proof that 1 = 2:
Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.
Yeah, right. You are dividing by 0 between step 7 and 8. Only allowed if you are Chuck Norris, which you are not.
1) Very good, grasshopper.
2) Where is your proof that I am not Chuck Norris?
233.
Post 9048744 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
234.
Post 9048874 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Yep exciting for sure. Great time to accumulate IMO.
It has been for some time. But the all time high for adoption is useful. I have some capitalists who've been waiting for a shift in fundamentals like this. I don't see the walls of the so-called manipulators lasting very long now.
235.
Post 9049907 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
The fiat is so fake these days, now it's lighter than air...
236.
Post 9049942 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Are you folks watching the book and order flow on Bitstamp? Do you see what I see?
237.
Post 9050047 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Are you folks watching the book and order flow on Bitstamp? Do you see what I see?
I'm watching but didn't see anything peculiar. What did you see?
111 BTC dump down to 381.71. Then the bids immediately refilled back up to where they previously were. Accumulation is stalling the dumps.
238.
Post 9050091 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
The bears know the long term score. They were just looking to buy cheaper.
239.
Post 9050125 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
240.
Post 9050313 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Huobi bid walls now absorbing lots of market sells.
241.
Post 9050333 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Huobi bid walls now absorbing lots of market sells.
Flood of market sells has stopped. Huobi bid walls held.
242.
Post 9050341 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
And here we go up...
243.
Post 9050405 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
244.
Post 9050508 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
I don't know if you are talking about Stamp or Huobi in your other posts above but given the volume over the last hour on both exchanges, I don't think you can divine any sort of reversal or even a change in sentiment. It seems like the usual story of more sellers than buyers.
I don't have access to the bid/sum ratio (anyone?) but the walls on btccharts.com look like a stalemate at best.
You're watching BTCChina? That exchange doesn't really contribute much to the overall picture. Look at Huobi on bitcoinity.org and watch that and Bitstamp on bitcoinwisdom.com.
245.
Post 9050583 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
btccharts.com doesn't mean btc china the exchange.
When I load it up I see a couple BTCChina charts, one Bitstamp chart, and one BTC-e chart. I don't see Huobi, which is the most relevant exchange in China by far.
246.
Post 9050794 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
And now the wall at 2353 got completely eaten. Still a few more walls. Let's see what happens.
247.
Post 9059274 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
I'm sure ApplePay will be much more secure.
If it's not crypto, it's not safe.
248.
Post 9071938 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
I haven't heard much about the Bitcoin ETF lately. There seemed to be some consensus that it would open by the end of 2014. Maybe an "entity" of some sort knows something the rest of us do not know yet? This would explain a lot about why the price is being desperately pushed down.
i think they keep filling it and it keeps getting rejected, someone posted a link the other day and you could see them filling it every few months.
not sure if legit or even how these things work tho...
maybe regulators are waiting for the "bottom" to open it up to the public?
idk.
SEC rejects application for Winklevoss COIN ETF due to Bitcoin's apparent slide toward death. More news at 11.
/sarcasm
249.
Post 9072043 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
In the ladies' room.
250.
Post 9072161 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.18h):
Ok, we all sell everything at the end of the countdown... We create a a giant high-volume candle and mark the bottom. Ready? Please help me count, everyone...
10...
251.
Post 9096837 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.20h):
Our weekly volume hasn't been this high since February.
Our 3-day volume hasn't been this high since April.
Our 1-day volume hasn't been this high since the beginning of March (Gox).
252.
Post 9096973 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.20h):
daily green!
WTF!
This would usually indicate a definite bottom. But with uncle
BTC-bags hanging around his trading terminal today, anything is possible.
253.
Post 9099482 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.20h):
At these prices I had to add more to my portfolio. I haven't ever been able to pull off a market buy of that size with such little slippage. Thank you to Mr. Wall.
254.
Post 9101603 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.20h):
I wonder if this had anything to do with BFL.
255.
Post 9119412 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
You can buy a static IP and have the port open on your host.
Edit: where will you buy it from? what part of force ISP don't you understand ?
I think you don't understand what this would require either.
if killing Bitcoin is required ( if Bitcoin becomes a threat) it will be achieved, everything is possible when there is a will.
Like the will to kill Torrent?
256.
Post 9130962 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.21h):
Upon closer examination, it appears there is some kind of internal heat source that was not evident to me when I made my last predictions. It should have cooled to ambient temperature, but it is still steaming, and in fact it actually appears to be getting hotter. At this time, the evidence suggests it may steam indefinitely, however the heat source is still a mystery to me, and there is a possibility that it could lead to overheating which, left unchecked, COULD cause critical failures, meltdowns, and possibly explosions.
I recommend to everyone to go all in. I believe circle.com accepts credit cards.
Kudos to you, and hats off. Someone who is capable of critical thinking and changing his mind in a public forum is rare these days, especially here.
257.
Post 9131149 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.21h):
I think we can now see what happened. Guys like
this bought BTC off-exchange at the last exchange price, then used that BTC to short the market and get even better exchange prices for his purchases. This continued until the $300 sell wall event, which was performed once the cash flow of off-exchange Bitcoins received were not enough to push the price any lower on exchanges. Then they took a portion of their BTC holdings and created the high-volume bottom as a $300 sell wall to trigger the next bull market. The cash proceeds from this event is now being used to apply buying pressure to fuel the rally and ignite the next bubble, which increases the value of the remaining BTC in his portfolio.
258.
Post 9133075 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.21h):
Oh that's right. We were discussing Bitcoin...
259.
Post 9135376 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.21h):
I'm calling in a support unit from
here.
260.
Post 9137816 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
Wow. Looking like we could hit $400 soon.
261.
Post 9148615 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
The volume on the dip to 349.00 is higher than the volume at the 395.55 peak. What this means is we didn't stop at the peak due to too many sellers. We stopped due to lack of buyers. On the way down we stopped due to an influx of buyers providing support. The 349.00 support is thus stronger than the 395.55 resistance.
TL;DR - Probability of breaking out above 392.55 is greater than probability of breaking out below 349.00 at this point.
262.
Post 9148751 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
And some people wonder why there is a lack of women in technology and trading.
263.
Post 9149898 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
since 2011 I hve drunk traed, 12k btc ltater I dtull druk trade. hammred me says up.
Up it is. Another round?
264.
Post 9158397 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
I'm loving this bullish pennant from 395.55. We should break out of it within the next 4-5 hours.
265.
Post 9160302 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
Are you arguing for a trustless solution?
266.
Post 9168325 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
Post that ripple chart as a log chart please.
267.
Post 9168355 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.22h):
The linear chart makes the low price region impossible to discern.
268.
Post 9170189 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
30,000 BTC sell wall gets bought up in hours, with constant buying throughout its existence.
3,000 BTC buy wall doesn't get sold into at all.
Bullish.
269.
Post 9170390 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
There is no selling pressure. Buying pressure currently exists only as a buy wall. But the wall is real. It was not pulled when touched. Some of that wall may eventually be turned into a market buy due to lack of selling.
270.
Post 9170685 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
Here we go...
271.
Post 9170801 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
Why would any of you need Adam to send you Bitcoins? Based on today's news, clearly Ripple is capable of synthesizing any amount of any currency you desire. It's a fractional reservist's wet dream. (R.I.P. Ripple.)
272.
Post 9189850 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
273.
Post 9189944 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
The rocket will launch after the countdown. That means page 9876.
274.
Post 9190400 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
Ok, I don't think we're going to head down for much of a dip. And I don't like others buying up my Bitcoin. I'm restarting accumulation at this price level.
275.
Post 9190513 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.23h):
I have a torrent client, but the file I download shouldn't be a .exe should it? There's like 9 download buttons all with different URLs.
Paste this into your browser for the Torrent:
magnet:?xt=urn:btih:9726736573492069ee27ee0c1d27127d94a92267&dn=The+Rise+and+Rise+of+Bitcoin+-+HD&tr=udp%3A%2F%2Ftracker.openbittorrent.com%3A80&tr=udp%3A%2F%2Ftracker.publicbt.com%3A80&tr=udp%3A%2F%2Ftracker.istole.it%3A6969&tr=udp%3A%2F%2Fopen.demonii.com%3A1337
276.
Post 9217424 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.24h):
398 . ButIDidntCoverMyShortsYet!
Without daytraders, I'd have to buy all my Bitcoin from miners or offer exorbitant prices to "hodlers" (sic). Thank you for the liquidity.
277.
Post 9218119 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.24h):
idk gold was pricing in a zombie apocalypse...
Hey, they're working on it...
Rabies-Flu hybrid covers the onslaught, though not the "undead" aspect.
278.
Post 9228382 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.24h):
what if there is 10,000 unverified account each with and avg of 1000$ that need to be withdrawn in BTC
They've stated these accounts are all a year or more old. Want to restate your guess on average balance?
279.
Post 9228536 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.24h):
Fascinating. There and gone. Thomas, what do you know?
280.
Post 9229907 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.24h):
Omfg guys. Stfu already!
281.
Post 9268097 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
"First Global Credit Customer Service Ltd., the UK based service division of the company, announced today that they have signed an agreement to work with London based financial industry expert DATAFORT to manage business continuity services for the company. First Global Credit, which allows people to use their Bitcoins as collateral to invest in mainstream stocks and stock markets, has done this as part of an ongoing plan to improve the level of service and security they provide their customers"
http://www.prweb.com/releases/2014/10/prweb12260207.htmlol bitcoin as collateral? if we keep the private keys.. how are they suppose to get them? and please dont tell me just because we signed some shitty piece of paper. XD
Either they keep them, or it's multi-sig where keys are needed from both parties to move the coins.
282.
Post 9271001 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
I used apple pay today, if only bitcoin were so simple.
We are getting there slowly though
Sarcasm detector malfunctioning...But yeah what was simple about it?
I'm just hoping one day bitcoin apps are as easy as apple pay. I bought something from walgreens today by just putting my phone near the register, doesn't get any easier than that
So you want someone to be able to steal your Bitcoins by getting near your phone? Cryptocurrency uses a push model for payments, not a pull model. Pull models only work when transactions are reversible. That said, there is no reason why credit cards can't exist denominated in Bitcoin instead of USD. There is also no reason why Apple Pay couldn't support Bitcoin as a currency in addition to USD as well. Bitcoin should be considered as cash, offering the same consumer protection as cash: none.
Consumer protections will come when we have Bitcoin-denominated credit/debit cards. We don't need Visa/Mastercard for this. We just need a Bitcoin card that uses smart contracts to hold a transaction in escrow until approved by both parties, disputed, or timed out (auto approve after 30 days). On dispute, an escrow agent gets involved for a small fee and sends the money to the right place. This should all be built into what I will dub a "Bitcoin Consumer Card" or "Bitcoin Consumer App", the latter which could support NFC like Apple Pay.
283.
Post 9271462 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
Feel free to add support to my project request
here for a Bitcoin Consumer Wallet with the previously discussed features. This should help enhance mass adoption. Complaints about the inability to reverse transactions would disappear completely if everyone were to use this.
284.
Post 9285943 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
I am going to start using the term "bits" from now on when quoting prices. I agree with Gavin.
Price is currently about $0.000387 per bit. Let's go for bit-dollar parity!
285.
Post 9286187 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
Cryptocurrencies are meant to allow payments that governments (and banks, which can be conflated with them) cannot see, block, divert, or undo.
In
your mind maybe. You don't get to speak for
any cryptocurrency developers. We can speak for ourselves thanks.
That is not explicit in Satoshi's paper, but seems to have been a basic assumption by most of the crypto fans, especially the most ardent ones. (Reducing credit card fees is not something that would get people that excited about, is it?).
Most cryptocoins seem to be designed and supported with that goal in mind. Some bitcoiners are even adopting other coins because they do not see bitcoin as sufficiently robust in that regard. Few coins, if any (Ripple perhaps? I don't know about it) are designed to allow the same level of control that governments now have on bank transfers.
Bitcoiners are a broad church and you, especially you, don't get to speak for
all of us. Stop trying to paint Bitcoin as a political tool invented by political extremists.
YOU are the bloody extremist here, prof. Bitcoin is a technology. Like Bittorrent. Like the Internet. Like electricity. Like guns. Like fire. Some people use it to make things; others to break and/or take things. Some people just sit at the sidelines hurling abuse and shouting "heresy" right up to the point where they're drowned out by the sound of change inexorably passing them by.
You're not a skeptic; you're an intellectually dishonest, disingenuous shit-slinger with absolutely nothing worthwhile to contribute to this conversation.
BTW, been meaning to tell you something...
You rock.
286.
Post 9299147 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
Was that it? We're already going up again? We're really going to make a double bottom around 370/2260?
287.
Post 9299184 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.25h):
Was that it? We're already going up again? We're really going to make a double bottom around 370/2260?
Nope, spoke too soon. Just broke that on Huobi.
288.
Post 9474225 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
The rocket will launch after the countdown. That means page 9876.
Getting close.
289.
Post 9485916 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
290.
Post 9491354 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
Done for now.
291.
Post 9492012 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
50 pages to 9876. Countdown soon.
292.
Post 9492153 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
What am I supposed to do?? Enter 20x leverage right here or wait for a dip??
Fucking christ
That depends. If you profit from this, will you keep your profit in BTC or fiat? If BTC, then hold off. There is some bearish divergence above 360. If you plan to keep your profit in fiat, please go all in now.
293.
Post 9502635 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
294.
Post 9503616 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
Testing out a new method based on putting together systems that work. Let's see how it does...
Current price: 368.08
Predictions:
Down overall for the next 15 minutes.
Up overall for the next 15 minutes after that.
Down overall for the next 3.5 hours after that.
Neutral overall for the next 8 hours after that.
Up overall for the next 6.5 days after that.
295.
Post 9504876 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
If you're really that interested, check the addresses he's used to send coins. If there is any activity, you will see it.
296.
Post 9513987 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
2h chart is looking so friendly
At 20x leverage, a 5% drop in BTC price means a 100% drop in your account. At this level, Bitcoin's long-term value means nothing. You are trading on noise alone.
297.
Post 9514026 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
And you'd never be tempted to buy addition bitcoins on 20x leverage on the way up with all that instant wealth? That's what would kill you even if you did call this bottom.
298.
Post 9514551 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.30h):
Maybe this just is a little bull-trap...
Cup and handle pattern on 6h but I'm fucking afraid that the handle is too small and we will go down to $355 and I get margin called..
Hey, if you're going to keep profit in BTC, then I hope you win big. I really do. But I'm seeing "Maybe" and "afraid". I see hope and fear. You are exactly the type of retail trader the big traders want in the markets. If you look around the room and don't see any noobs you can take to the cleaners, get out immediately. That means you're the noob.
299.
Post 9522006 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.31h):
The rocket will launch after the countdown. That means page 9876.
Getting close.
T-1 page and counting.
300.
Post 9528350 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.31h):
The rocket will launch after the countdown. That means page 9876.
Who knew?
301.
Post 9534963 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.31h):
Indeed. It is... the reason you do not go 20x or 10x in on margin. I tried to warn you.
302.
Post 9535067 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.31h):
Reproduce. Stay plump and delicious. Leave the thinking to us.
I'm not sure your role as foil is actually productive. This thread really doesn't tend to move the market anymore. Bitcoin has grown beyond that. Besides, you preach to the choir. Most have already bought in. Your reverse-psychological prodding may not be worth the effort.
303.
Post 9723096 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.36h):
304.
Post 9781488 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.38h):
Heading up...
305.
Post 9782055 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.38h):
Medium-term exponential trendline (since April 2013, currently at about $358, bouncing off it now):
Long-term exponential trendline (entire lifetime of Bitcoin, currently at about $250, would fit an EW final wave down before new ATH):
306.
Post 9782520 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.38h):
I don't use wave analysis. The EWers are pretty consistent in their calls for another test of the bottom though.
307.
Post 9782704 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.38h):
386, baby... math coprocessor is built in! 32-bit baby! No more Win32S for me. Now I can run 32-bit apps in Windows 3.1 natively. EGA monitor! 14.4K modem! Get with the times!
308.
Post 9790212 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.38h):
So, the sellers couldn't break the most recent low on 11/20. If this holds it's yet another higher low. That would be bullish.
309.
Post 10272147 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_13.53h):
Just when you think Bitcoin has stumbled and is heading down... bam.
310.
Post 10596285 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.00h):
We're in corrective wave A on the 5 minute chart. Per EW rules we shouldn't drop below 249.80 by the end of the A-B-C correction. If this is to sustain, after completing C, we should see another 5-wave pattern to the upside.
311.
Post 10616096 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
No hope for one of them decentralized exchanges we bitcointalk so much about?
I was thinking about this. Has the Coinbase exchange lessened the desire for a decentralized exchange?
312.
Post 10616276 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
I actually had something in development when Coinbase opened its exchange. I stopped development when I heard the announcement. I was going to introduce USD as a Counterparty asset, backed 100% by USD Ripple balances. You could buy into the Counterparty tokens by sending Ripple USD to a specified address, which would then send you USD Counterparty tokens. You'd then trade the USD Counterparty tokens against Bitcoins on the Counterparty decentralized exchange as desired. You could also choose to send your Counterparty USD tokens back to the specified address, which would then send you Ripple USD. In this manner, the USD would be 100% reserved in the Ripple address, which is publicly visible and verifiable on the Ripple ledger.
Anyhow, I halted development after deciding the need was greatly lessened due to Coinbase. Am I wrong?
313.
Post 10616770 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
I actually had something in development when Coinbase opened its exchange. I stopped development when I heard the announcement. I was going to introduce USD as a Counterparty asset, backed 100% by USD Ripple balances. You could buy into the Counterparty tokens by sending Ripple USD to a specified address, which would then send you USD Counterparty tokens. You'd then trade the USD Counterparty tokens against Bitcoins on the Counterparty decentralized exchange as desired. You could also choose to send your Counterparty USD tokens back to the specified address, which would then send you Ripple USD. In this manner, the USD would be 100% reserved in the Ripple address, which is publicly visible and verifiable on the Ripple ledger.
Anyhow, I halted development after deciding the need was greatly lessened due to Coinbase. Am I wrong?
You evil, evil ripple shill, how dare you even proposing that.
lol, please don't do it, see my sig VVV
Ripple shill, no. I don't believe Ripple's native currency has any long-term value. But it's great for moving around USD IOUs and showing proof of reserves. It could be a good way to get USD onto the Bitcoin blockchain.
314.
Post 10625863 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
i think what "Stolfi" wants to know is the *real* value of a bitcoin. You know, figure out what it's really worth.
That is easy: bitcoin it is worth its weight in gold.
Care to explain the current price of gold then?
315.
Post 10634563 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
316.
Post 10634720 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
317.
Post 10636839 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
If I ever buy a boat, it will only be because I need a way to get to my new island.
318.
Post 10636974 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.01h):
280 tonight?
Yes! Next target: 310$ (in a few weeks)
Sorry, I can't wait that long. There are some important announcements coming much sooner than that, and there are too few coins on the ask side. I'm sure we'll end up beyond that by the time I'm done.
319.
Post 10637362 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.02h):
Two days ago called. They wanted their news back.
320.
Post 10637522 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.02h):
You have no business owning something when you can't even get the basic fucking nomenclature right.
I have sometimes wondered why txn_count is always 0. Have you ever pondered what might happen in 2106 when the timestamp header field overflows? Maybe we should hard fork now to fix that.
You understand the nomenclature, right?
321.
Post 10676822 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.02h):
Good morning, gentlemen, the temperature is 110 degrees.
Holy shit, it's Viper
Great. He's probably saying "holy shit, it's Raystonn and JayCoin."
322.
Post 10730076 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.03h):
Where is that "boom" gif?
323.
Post 10743452 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.04h):
Indeed.
324.
Post 10827098 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.05h):
So, anyway... back to wall observing...
Nice wall at 262.00 is real. Some chunks being eaten now.
325.
Post 10827105 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.05h):
Looks like it was pulled before getting fully eaten.
326.
Post 10968584 (copy this link) (by Raystonn) (scraped on 2020-04-04_Sat_14.08h):
Nothing will shut them up, short of termination of employment. They are paid actors. But it's fun screwing over bots.
