All posts made by Wekkel in Bitcointalk.org's Wall Observer thread



1. Post 1949147 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_10.54h):

Quote from: Jaroslaw on April 26, 2013, 08:07:46 AM
After 119$ there will be 100$ verry quick, and then double digits here we come Cheesy

And long after that..... there will be death. Meanwhile, others will rake in coinszzz while you were waiting. Look at price action, not your conviction.



2. Post 1959176 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_10.54h):

Quote from: KillaMarci on April 27, 2013, 01:19:05 PM
I'm feeling so conflicted right now, to buy or not to buy... Huh

Only for the brave...



3. Post 1965262 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_10.54h):

Quote from: lebing on April 28, 2013, 06:55:51 AM
This is just "the coil" as Lucif calls it (when his bid was sold into anyway). Expect a vicious burst out next week.

Never a dull day with Bitcoin.



4. Post 2645234 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.08h):

The fix won't be in until the larger part of this forum has started to do other things in life than checking this forum every 5 minutes. I remember BTC sliding towards 0 in 2011 and almost forgetting about it in the process.



5. Post 2648286 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.08h):

BTC is blowing off some steam. The lower it goes the next few months, the more room to crush $266 again in the long run. Consider this an opportunity.



6. Post 2648424 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.08h):

Quote from: zemario on July 03, 2013, 10:03:57 PM

I would like to be that positive, but why is that so?

1. It's either 0 or the moon for Bitcoin. Therefore, I would rather want to be positive if I am in this for the long run.

2. We've had not 1 but 2 similar situations in the recent past. BTC can go much lower the next few months, but it did not die the previous times either.

3. I already got my investment back times x. I can lose whatever I have at stake (currently dollars @ Gox which could vanish as well during my vacation  Tongue ) without shearing one tear.
That helps. That really really helps to remain positive.

For profit, I have to part from my emotional part that says 'hold on for the longest time'. Therefore, I'm currently out of BTC and await what happens. I mean, look at this chart: http://bitcoincharts.com/charts/mtgoxUSD#rg180zigDailyztgSza1gSMAzm1g10za2gEMAzm2g25zxzi1gMACDzi2gRSIzl
What does it tell you?
What does it scream in your face?

It tells you that its going down, and probably down for quite a bit and over a longer period of time. No guarantees, but I am acting pursuant to that conviction. If I am wrong, I can always buy again at a certain loss.



7. Post 2666322 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.09h):

We are in quite oversold territory now. A bounce would not be extraordinary, but in the larger scheme of things, the overall trend is still down.



8. Post 2700795 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.09h):

Quote from: Coinseeker on July 10, 2013, 07:32:05 PM
I must be in denial because I don't buy this "rally" for a minute.

It's time for such a rebound - it may well last until $95-100 - but I also think there is more room for fresh breath at prices lower than $66. Not much has changed fundamentally.



9. Post 2700965 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.09h):

The effect of that single green candle is gone already. Wake me up in about 2 weeks  Tongue



10. Post 2849166 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.12h):


Quote from: fr33d0miz3r on August 01, 2013, 07:45:44 PM
I'll just leave this here:


I love this chart  Grin



11. Post 2920342 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

Rally is not really showing its teeth. Making decisions now could turn out very wrong. Sidelines is better now.



12. Post 2927075 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

From a broader perspective, I consider the market just drifting up and down. The question whether up or down has not been resolved yet. I cannot construct good arguments for either direction so I'll just wait what happens the next 2 months. A trading horizon that probably does not fit this thread very well.



13. Post 2933182 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

It's wearing thin. I'm not too impressed by this rally since July, but traders with a shorter time frame will enjoy the fun. I prefer to wait for more definitive movements.



14. Post 2951898 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

Quote from: ElectricMucus on August 17, 2013, 03:23:43 PM
Market is starting to look erratic, capitulation is coming.

You mean down?



15. Post 2962030 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

Nobody wants to miss the ride. Therefore, not enough selling pressure.



16. Post 2965873 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

This market just won't go down right now. It's buy and hold again. Will Walsoraj get it right with $180 on Friday?  Roll Eyes



17. Post 2971855 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.13h):

Quote from: Tzupy on August 20, 2013, 02:27:08 PM
Damn panic buyers, they don't let the price slip to 115!  Angry

Price not allowed to go down. The trend is your friend. Just panic buy and relax....



18. Post 2980304 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.



19. Post 2981472 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: Walsoraj on August 21, 2013, 06:52:40 PM
methinks that ask-wall falls today and we ROCKET to new highs

Methinks we will hover around this level for quite a few days before its resolution time.



20. Post 2981722 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: Walsoraj on August 21, 2013, 07:50:46 PM
methinks that ask-wall falls today and we ROCKET to new highs

Methinks we will hover around this level for quite a few days before its resolution time.

care to wager some btc on that?

No, I will only get back into the game if and when the hourly/2-hourly indicators show a dip.



21. Post 2987005 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: Kupsi on August 22, 2013, 03:35:22 PM
Are we back to boring?
Calm before the storm?

It always starts at a slow pace...

A crash or a rally?



22. Post 2987556 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Price remains sticky. It still does not want to go down.
The indicators are cooling down. I smell opportunity down the road.



23. Post 2988133 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: elux on August 22, 2013, 06:42:19 PM

thoughts?

Typically Goxed...   Grin



24. Post 2991666 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

If we go down a lot, it would have happened earlier. Resistance to go down is heavy. Those that gamble on a resumption of the rally, may be rewarded again big time. Seeing the fear for a drop here on the forum makes me confident about my choice. Don't worry, there's still time to panic buy...  Roll Eyes



25. Post 2992994 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Hold for the longest time  Grin



26. Post 2994188 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: MAbtc on August 23, 2013, 05:07:28 PM
I still think 125 is the top here, mid-term. I can see a small bounce at 100-105 support before staying sub-100 (Gox) for a while. I think 88-89, maybe 78-80 will be where I try to catch a bounce, but it's too early to tell. (I also think that there is a good chance we'll revisit sub-65 levels eventually.)

I think the same, but this market just won't fall down easily. After all, it's Bitcoin we're talking about  Kiss
So contrary to my feeling, I'm already long  Shocked



27. Post 2999122 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

This is the moment for a bet all-in.



28. Post 3000625 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

I realise I have been shouting 'buy' a couple of times the last days. May as well post some graphs to show why I think this is a good buy opportunity again....










29. Post 3004703 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: samson on August 25, 2013, 12:37:26 PM
I realise I have been shouting 'buy' a couple of times the last days. May as well post some graphs to show why I think this is a good buy opportunity again...

That's some good charting right there.



Yeah, but now some real world results....  Tongue



30. Post 3011326 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Price action is not overly impressive. I withdrew my coins and await bigger movements , looking for an entry. Its not about being right, but covering potential losses. Other opportunities will arise. Back to the 6-hour charts for me.



31. Post 3014352 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: gandhibt on August 26, 2013, 09:14:28 PM
Is this going to happen soon?



What am I looking at?



32. Post 3033017 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: CMMPro on August 29, 2013, 03:25:28 AM
Bid side is getting steep again! Another Tsunami on the way?

It could take until Sunday again....



33. Post 3042768 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

The only question is = when will the price drop?  Huh



34. Post 3043854 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Market rising on single mega whale buys and zero volume is not my thing. Happy in fiat now, leaving the pennies in front of the steam roller for you guys.



35. Post 3044520 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

If we make it to $150, I switch to bull  Tongue



36. Post 3044785 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Luring bears with a $135 buy price  Grin



37. Post 3044955 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: wachtwoord on August 30, 2013, 07:17:08 PM
If we make it to $150, I switch to bull  Tongue

If something is expensive you sell, if it's cheap you buy. Buying because something, anything, gets more expensive is beyond retarded.

It's called: the trend is your friend. $135 is coming closer to catch my order.....



38. Post 3045141 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Just buy. Things will get crazy again  Grin



39. Post 3045247 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.

Parabolic Rise 2.0, Yes please  Shocked Shocked



40. Post 3045390 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Come on, think big  Grin




41. Post 3045519 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Then it will be interesting to see what happens the next 2 months.



42. Post 3045734 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: Walsoraj on August 30, 2013, 09:52:00 PM

Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty.

Very risky indeed but also an excellent opportunity.



43. Post 3049047 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Fibonacci 61.8% suggests room for $164 to some $180. Keep your fiat ready after that.



44. Post 3049407 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: Odalv on August 31, 2013, 12:24:28 PM

When will we cross 150 USD on MtGox?
Big milestone I would say!!

This already happened twice April 7. and April 24.  (rally from $140 to $163 in less than 24 hours) :-) Will we see tomorrow the same ?

With bitcoin, anything is possible  Cheesy



45. Post 3049939 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: S3052 on August 31, 2013, 02:57:36 PM
Stamp @ 129

I wonder whats the real cause of this new rally is.
I hope its not fiat getting out of mtgox in BTC form.

the real cause are simply the technical bitcoin chart patterns as we predicted weeks ago in bitcoinbullbear

So where can we find that prediction then?



46. Post 3050049 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: S3052 on August 31, 2013, 03:05:59 PM
Stamp @ 129

I wonder whats the real cause of this new rally is.
I hope its not fiat getting out of mtgox in BTC form.

the real cause are simply the technical bitcoin chart patterns as we predicted weeks ago in bitcoinbullbear

So where can we find that prediction then?

www.digitalcurrencyresearch.com

Seems to be behind a pay wall.



47. Post 3050189 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: S3052 on August 31, 2013, 03:42:08 PM

Seems to be behind a pay wall.

Yes, but its worth it

The point is: you are claiming here that you predicted all this, but your prediction is locked up behind a $$ wall. No problem, but why proclaim your prediction here then? Copy/paste it, I would say, so we can have a discussion about it  Tongue



48. Post 3051257 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: hmmmstrange on August 31, 2013, 06:19:32 PM
Only 8 days in the history of bitcoin has it been possible to buy at a higher price then now.

Yeah, this is really striking info. I hope it will end better than the last time.



49. Post 3051646 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

Quote from: World on August 31, 2013, 07:28:14 PM
Up to $250 per BTC
https://bitcointalk.org/index.php?topic=283820.0;all

I don't see the connection with $250.



50. Post 3057288 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

We are waiting for whale appetite again  Roll Eyes



51. Post 3070209 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.14h):

1 hour indicators have cooled. Whale may step in between now and a day.



52. Post 3070480 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.15h):

Quote from: Its About Sharing on September 03, 2013, 08:06:32 AM
1 hour indicators have cooled. Whale may step in between now and a day.

Do you think the whale has been following the 1hr chart more?

I don't know, but looking in the recent past, whales stepped in when the 1/2 hour indicators had cooled down or went slightly negative. This is the hardest part of waiting.



53. Post 3072170 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.15h):

Quote from: adamstgBit on September 03, 2013, 01:41:47 PM
markets all around are strong, we are just about ready for the JUMP that most here won't believe because they are speculators, even the most bullish speculators will soon sell,  stash it away!

Epic jump of 13 points?



54. Post 3072844 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.15h):

Meanwhile, no jump...  Shocked



55. Post 3072942 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.15h):

Quote from: Walsoraj on September 03, 2013, 03:48:37 PM
Meanwhile, no jump...  Shocked

that's a real bad sign. The last two mega whale buys put us up $10 which lasted until another mega buy.

No big dumps ultimately means up for Bitcoin, even if it takes weeks/months.



56. Post 3073487 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.15h):

Quote from: NamelessOne on September 03, 2013, 04:58:22 PM
Well it is all gone now, the owner of that wall sold the last 600 down to 143.

Still wont go down. Gentlemen, place your bets   Cool



57. Post 3081785 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.15h):

This could last up to Friday.



58. Post 3459195 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.19h):

Gox could sure use volume from LTC.



59. Post 3465854 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.19h):

Quote from: byronbb on November 02, 2013, 07:55:43 PM
If we are getting into the second wave of interest by the public, then I really could see a LTC rally happen. Bitcoin's price is "too high", but there is this litecoin, "which is the same as bitcoin but like silver to gold and will be worth 1/4th of bitcoin because there will be 4x of them and they are only 2.5 USD and if you bought bitcoins at $2.5 you would be rich now".

This +1

We are still very early in the process.



60. Post 3479384 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Bought some extra just for fun  Grin Roll Eyes



61. Post 3479868 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Quote from: BldSwtTrs on November 04, 2013, 03:30:14 PM

I tell you what will happen : i am going to panic buy and then the price will crash.

Too late, I already did so. Sorry guys...



62. Post 3486666 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Quote from: Nemo1024 on November 05, 2013, 08:30:30 AM
I find it somewhat disturbing that volume is this low...

It never was a problen during the previous phantom rise as from July 2013.



63. Post 3489248 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

This wont end well. At least, for people getting in late and selling after the spike. The only questions are 1) how high will the spike be and 2) when will the spike happen?

My guess: 1) between 450 and 550 2) within 1 month.



64. Post 3490521 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Quote from: Missionary on November 05, 2013, 05:32:36 PM
I am confused. Is Lucif a bull now? I heard he said "To the moon!" Nothing makes sense...  Undecided

I would set that order @$1000 now then. It will be a single blitz to this prize if happening soon.



65. Post 3491556 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Quote from: spooderman on November 05, 2013, 07:31:19 PM
what's up with blockchain.info? or have we really not found a block in 90 mins?

Bitcoinwatch seems stuck as well.



66. Post 3491810 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Diff from 390 to 510 official.



67. Post 3493601 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

It feels like April again.



68. Post 3496624 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

Quote from: molecular on November 06, 2013, 07:22:18 AM
so, I just woke up. Saw new ATH but no rocket and 25 new coins in orderbook. Where?

Could someone give me a very quick wrapup of the last 6 hours? Thread has too many pages to read.



Slow grind higher beyond ATH. No $50 a day yet, so lots of excited teenagers over nothing.



69. Post 3503173 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.20h):

So, it's ATH and near dead in this thread simultaneously? It really looks like April then  Cool



70. Post 3507041 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

As long as there are dips, the frenzy can continue.



71. Post 3507414 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Quote from: JimboToronto on November 07, 2013, 09:44:34 AM
The ask sum at Gox is closing in on 4 digits.

Wow. Running out of coins.

Goxxed out.

I think new coins will be brought in quickly by customers.



72. Post 3507863 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Quote from: Rannasha on November 07, 2013, 10:45:37 AM
Nice little opportunity for buying on stamp and selling on gox,$40 difference....

Well, Stamp deals in USD, Gox deals in GoxBux which you may or may not be able to convert into USD within 2 months.

Gox deals in GoxFaith if it concerns withdrawal in fiat.



73. Post 3511979 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Just stress testing.



74. Post 3517735 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

There will be ups and downs in this period's rocket. A 4% daily increase gets us to $500 in 10 days.

What's 4% daily for Bitcoin  Grin



75. Post 3519219 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Quote from: molecular on November 08, 2013, 12:03:58 PM
A rough estimate:




This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.


Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.



76. Post 3522778 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Its better to avoid big price dips than anything else. Get out soon enough saves capital. If too soon, just wait for the next opportunity.



77. Post 3525181 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Quote from: Walsoraj on November 08, 2013, 10:54:46 PM
Anybody here even slightly concerned when looking at the 2yr charts at bitcoinity?

Double top.



78. Post 3529532 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

We should have a bitcointalk app for this thread.



79. Post 3529606 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Quote from: Spider on November 09, 2013, 11:00:54 AM

Is it too late to get in?

Not until after 3 years



80. Post 3530345 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.21h):

Quote from: gandhibt on November 09, 2013, 12:20:46 PM
It's not at all similar to this spring, or we would have crashed deeply with volume of more than 100k BTCs already.  

I am completely speechless with the tenacity of this price fly-up, it simply refuses to go down, several crash attempts are just easily absorbed, each time countered a powerful buy wave.

Truth.

+1

When comparing April with today, the current run up seems much more impressive.




81. Post 3541138 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

This dip is just building base camp above previous ATH.



82. Post 3541472 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

Quote from: samson on November 10, 2013, 06:24:27 PM
We're in for a possible decline to < $250 a coin. Be warned.

Didn't you hear - the bottom is in - not the top.

Despite the fact that Bitcoin has never been so high for more than a few of hours before people are already calling this the bottom.  Roll Eyes

This dip is just building base camp above previous ATH.
Yup, triple bottom. Bullish as hell, 500 here we come.

I cant remember a bull bear fight around $200 in April. In April, we started at around $20.

This time, its different. Its only the start.



83. Post 3542195 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

Did I jus see a potential BTC valuation of $165k?



84. Post 3548858 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

No selling before $1,000  Grin



85. Post 3551404 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

Quote from: TheCoinBull on November 11, 2013, 07:28:22 PM
I tried to cancel old bids and place new bids on Gox, the website doesn't seem to react...

you're being goxxed

goxed
n(y)o͞o/
adjective
adjective:

    1.
  Not being able to cancel, request, or place order. Being plagued with lag. Goxed

Define: Goxbuy



86. Post 3555766 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

Another day and Bitcoin is ... UP  Shocked



87. Post 3559267 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

Next two hours decision time for todays rally.



88. Post 3562189 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.22h):

If this holds, next days are going to be epic.



89. Post 3573013 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Btce on fire....



90. Post 3573137 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

BTC-e $400!!



91. Post 3573843 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Meanwhile, BTC china reaching out for 2600 again....



92. Post 3573884 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote from: ajax3592 on November 13, 2013, 10:00:52 PM
Should I buy now or wait until the weekend for a fix or crash??
Just hold your horses for a month or so, major crash is incoming. Right now, is absolutely not a good time to buy, its on lifetime high !

Your message confirms that there is at least still $50 to go.



93. Post 3578970 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote

BTW: new USD arrived on stamp, Bitfinex users can buy again on stamp :-) Let the rally begin Wink

About time to get this over the $400 bump.



94. Post 3583190 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Nice that price is not crashed by 10k dumps. Big fellows starting to understand that BTC @ $1,000 will attract a bigger public. So, let's start that rocket then....



95. Post 3584830 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote from: CryptStorm on November 14, 2013, 07:15:08 PM
It's important to reconcile the scopes of perception here, considering that most of these scopes cannot see the other:

[...]

Peace out folks, and don't forget to set your bitcoinreminders (.com).


Thanks for your beautiful summary  Cheesy



96. Post 3585511 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

No one gets on my ignore list.



97. Post 3588418 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote from: Walsoraj on November 15, 2013, 03:11:10 AM
He is a troll.

... who just so happens to be right all the time.

Single digits, when?



98. Post 3588441 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote from: adamstgBit on November 15, 2013, 05:19:02 AM
500 by next week

i think 500 tomorrow

Technical indicators cooled off nicely while the price remains steady. I think you could be right and that we will have a blast off.



99. Post 3589538 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Launch !



100. Post 3594713 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

This stagnation thing is for others. I'm out for now.



101. Post 3595016 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote from: NUFCrichard on November 15, 2013, 08:20:14 PM
wow - falling fast on Stamp. Not sure if I want to catch this knife... Embarrassed.

It is very sharp but it keeps bouncing back every time it falls. I expect that only bad news will cause a real crash. I don't know what that could be other than regulations..

I have not seen that much buying power the last few days. Who dares to buy?



102. Post 3595381 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

It looks weak but hé, this is Bitcoin  Roll Eyes



103. Post 3595534 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

That's because its an incredible invention with mind-boggling implications.



104. Post 3596531 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

Quote from: Holliday on November 15, 2013, 11:00:37 PM
tonight we dine in hell at 300

Someone had better inform the Chinese.

Bagholders.



105. Post 3600535 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

I see large blocks being sold in this uprising. I'll stay out.



106. Post 3606116 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.23h):

I can't wait  Grin



107. Post 3610759 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.24h):

Quote from: aminorex on November 17, 2013, 09:55:32 AM
A credible assassination market would clean up politics.

A credible syndicate would recognize the benefits of a government under its control.



108. Post 3615458 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.24h):

Melt-up @ BTC-e



109. Post 3616045 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.24h):

Amazing how the market picks up any sell off. Craziness must be reaching a top soon (but could be above $600).



110. Post 3637513 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.25h):

Quote from: wopwop on November 19, 2013, 11:42:03 AM
this volume is sooo lowwwwww L . O . L

gotta realize there's 12 million BTC, and only 2000 bitcoins are needed to reduce its value 5%?

W T F

You just found out the speculative part.



111. Post 3637695 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.25h):

Quote from: Blitz­ on November 19, 2013, 12:41:03 PM
Most people here have never experienced the 2011 bear market. The price went from 32 to 2.

They dont know and will get burned.



112. Post 3639929 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.25h):

The average citizen/investor will not step in right now with fresh fiat to chase a promise of Internet money. Choo choo all you want but this party is slowly ending untill the next time.

Meanwhile, accumulate the stuff.......



113. Post 3640114 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.25h):

Quote from: Richy_T on November 19, 2013, 04:22:12 PM
The average citizen/investor will not step in right now with fresh fiat to chase a promise of Internet money. Choo choo all you want but this party is slowly ending untill the next time.

Meanwhile, accumulate the stuff.......

OTOH, it has shown it has survived a couple of serious connections and has touched 900 and government has indicated it's not going to maul it. Cash will be coming in.

I cannot think of anyone besides speculators that would jump in right now. Most people only see that mega spike and the fact that we're on the right side thereof....

The next hype will be a lot sooner I think but less extreme than the previous one. Soon, we will reach a phase where the masses will not consider entering as long as Bitcoin is not really usefull (and no extreme gains are to be expected). That will be a relatively long dull period.



114. Post 3642535 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.25h):

Another sell off developing.



115. Post 3645230 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Price movement is slowing down with the general shorter term direction: down.....



116. Post 3646598 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Quote from: zero3112 on November 20, 2013, 02:15:54 AM
Its very obvious at this point that BTC is back in a upwards trend.

I see a line from 823 to currently 540 (BTC-E) perfectly downwards. Not looking like a good place to buy right now. Hold, not buy.



117. Post 3649654 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Quote from: jojo69 on November 20, 2013, 10:03:29 AM
the knife, it is falling

Wait for double bottom if you are not in a hurry to buy.



118. Post 3651026 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

At this rate of decline, we'll reach $300 (BTC-E) today  Shocked



119. Post 3654598 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Unbelievable that people are still buying. Just let it slip and pick it up later on the cheap.



120. Post 3654637 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Dump money indeed.



121. Post 3654728 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Quote from: NamelessOne on November 20, 2013, 07:23:38 PM
So far this is looking like a back test of the wedge upper line we broke out of.

It looks like an over ripe bull trap.



122. Post 3655022 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins



123. Post 3655080 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

My litecoin payment though is going fast, as usual.



124. Post 3655127 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  Tongue



125. Post 3655225 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Quote from: Richy_T on November 20, 2013, 08:08:36 PM
The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  Tongue

Default fee was zero last time I tried to send from Bitcoin-qt. Took a while for that one to go through. Could be a bit more friendlier on the UI.



I will check this, thx. Opportunity to dump the last above $500 unsuccessful then  Kiss



126. Post 3655673 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Managed to sell my single last BTC above $500. Now prices can finally start rising  Grin



127. Post 3655812 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Quote from: gizmoh on November 20, 2013, 09:00:36 PM
So much for the maturing infrastructure, all exchanges are plagued by glitches not worthy of a multi billion currency .


So was/is the Internet. If such things would have stopped people from jumping on the Internet, we would not be slow chatting here anno 2013.



128. Post 3656453 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.26h):

Say bye bye to $500 for some time....




129. Post 3656773 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.27h):

Always a sucker believing in $1,000 soon  Grin



130. Post 3665148 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.27h):

Bitcoin cannot be shorted properly. The dead cat bounce buyers will feel this.... soon.



131. Post 3671533 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.27h):

Bull trap shutting thight.



132. Post 3672909 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.27h):

This is the beginning of something epic.



133. Post 3673299 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.27h):

Quote from: rpietila on November 22, 2013, 10:19:16 AM
Someone just posted a huge wall ...
Must be rpietila  Grin

I will strike when you least expect it. Hint: saturday night.

Must be a 1000's coins bear raid then, since price is relentlessy creaping higher.



134. Post 3678829 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.27h):

Enormous aks wall at BTC-E all evening already. MtGox seems to be building up for some upward pressure too on the 30min chart. China, ah well  Grin

If the ask wall is removed, it's gonna blow sky high  Cool



135. Post 3685007 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: maz on November 23, 2013, 11:35:38 AM
I've got $13 left in my BTCChina account, QtTrader running, with 0% trading fee's. Let's see how far I can take this. I'm turning this into a computer game Cheesy

Report back when you are at $100.



136. Post 3686256 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Price is already catching up.



137. Post 3686338 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Demand is not strong today, so both bulls and bears will be disappointed, unless one of the whales loses it again.



138. Post 3686718 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: ardana123 on November 23, 2013, 03:25:26 PM
W forming at GOX 3m Chart.
Beware. This is a risky signal.

Sell everything.

I appreciate your efforts, but somehow it's not the same old Warislaw...



139. Post 3686744 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: ardana123 on November 23, 2013, 03:31:46 PM
W forming at GOX 3m Chart.
Beware. This is a risky signal.

Sell everything.

I appreciate your efforts, but somehow it's not the same old Warislaw...

I'll turn my avatar upside down, will that work for you?

Better, much better  Grin



140. Post 3689206 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Charts are starting to show weakness  Roll Eyes



141. Post 3689289 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Someone posted a 1,000 BTC ask wall @ 740. Imagine it being dumped all at once  Tongue

Edit: now above 1,200 BTC. Someone wants out....



142. Post 3689359 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: ablewasiereisawelba on November 23, 2013, 08:12:09 PM
Someone posted a 1,000 BTC ask wall @ 740. Imagine it being dumped all at once  Tongue

Edit: now above 1,200 BTC. Someone wants out....
which exchange?

e: oh, btc-e

Indeed, BTC-E. Forgot to add. Could miss an opportunity, but took the small loss and FIAT for me tonight. Wonder what reptilia is up to with his Saturday Night surprise?



143. Post 3690084 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

reptilia effect?

Anyway, let the bulls show what they are worth.



144. Post 3690291 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

BTC-E is slipping away on its own  Huh



145. Post 3693805 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

So, where is this magic $1,000?

Power is flowing away from Bitcoin.





146. Post 3693836 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: solex on November 24, 2013, 07:00:05 AM
FFS. $200 to $800 in a month isn't enough?
$1000 might be a Christmas present, or a New Year gift. Why not be happy?

That was yesterday. Reality is today.



147. Post 3693876 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

With all this talk, I have not seen much buying power the last 2 days. Will see you at the 'bottom' again  Roll Eyes



148. Post 3693908 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: windjc on November 24, 2013, 07:13:27 AM
Quit trolling for lower prices. Its not going to work and its just annoying.

This thread is about trading. $200 to $800 is only relevant when discussing trends and predictions, not for today's trading and whether someone should be emotionally happy with a past rise.

I see prices dropping. I notice lacking demand. I do make remarks about it in the face of people still chearing $1,000. 1k will come, but it is all about when it comes and from which place ($700 or $400).

If talking about the market actually going south is trolling, so is cheering it up to $1k.

It seems prices dropping gets on someone's nerves  Cheesy



149. Post 3693942 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: windjc on November 24, 2013, 07:22:26 AM


No, you are getting on people's nerves because you have nothing interesting to say.

I'll guess this sums up the thread pretty much. Sorry to disturb you with facts and enjoy your day, Sir  Wink



150. Post 3693981 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Yesterday, demand seemed weak and I mentioned it, also with stepping out of this market for the moment. I wake up and, voila, my hunch proved a good one. I still see some weakness in the prices. I mention it again on the board.

But talking about weakness gets on people's nerves. I get it. Talking about price going down is trolling, no matter what.

PS. I will get in at an appropriate moment too (whatever the price may be then).



151. Post 3694043 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

My hunch says: look for double bottom. To explain myself better, I am trading on BTC-E which looks a lot worse than Mt Gox.



I'd rather buy back in too soon than too late.



152. Post 3694355 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Indeed, I am already slowly buying @BTC-E.



153. Post 3695391 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: Zangelbert Bingledack on November 24, 2013, 11:37:48 AM
deep Bitcoin scholarship:

[...]


Exactly. Saved in my Evernote scrips...  Grin



154. Post 3695411 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Even if you do not catch the crypto currency wave early, you will still benefit of the fairness and wealth-creating/preserving aspects of this technology.

A new Golden Age.



155. Post 3696633 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: gandhibt on November 24, 2013, 02:06:29 PM
fairly strong buys on gox in one minute  - about half a million bux... good sign?

The best indicator about where the price is going is buying/selling. If people buy price goes up. If people sell price goes down.

Longer term indicators (hour, 2-hour etc) are also picking up. If BTC-E swings back to $700 (a bigger 'IF' now), it is tempting to go all in again.



156. Post 3700810 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: rpietila on November 24, 2013, 09:21:02 PM
The dump will intensify as we hit $700. People have had a few days to think that $700 is quite a good price to have for the excess coins.
/
So, where do I set first buy when I go to sleep in a couple of hours?  Shocked Grin



157. Post 3700899 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: rpietila on November 24, 2013, 09:33:15 PM
My buying range is $300-$500 but obviously I haven't set the bids yet because it would look bullish on charts.


Thanks, I'd rather get in at $500 then possibly miss at $300. Won't stay awake all night for this  Roll Eyes



158. Post 3705131 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.



159. Post 3705422 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: freebird on November 25, 2013, 07:08:58 AM
The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.

Has bitcoin ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days.

I just look at technicals:
*Failed to exceed previous high
*Lower highs last few days
*Hourly/2 hourly flipping
*MA crosses everywhere

Bitcoin is Bitcoin for neglecting these kinds of things, but that requires buying power. My best guess.is the guns will remain holstered for the next few days.



160. Post 3706992 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Its Monday.

So, where are all these new buyers with fresh deposits?



161. Post 3708237 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Quote from: Wekkel on November 25, 2013, 07:06:13 AM
The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.

Checking back after 7 hours: no big buying, signals still deteriorating.



162. Post 3710268 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):




163. Post 3710775 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.28h):

Things look pretty stable, but BTChina continues to fall.....



164. Post 3713640 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.29h):

Quote from: Walsoraj on November 25, 2013, 10:34:02 PM
These massive market buys are either blatant attempts to push the price up or really really really really stupid noob traders.

Or, both  Cheesy



Indeed, both. BTChina is going down the crapper and is only upheld by a monstrous bid at 5,000. As soon as that one dissappears or is surpassed with selling, its end of story.

Unless...... Bitcoin does what Bitcoin does and magic buyers appear buying to the moon  Shocked



165. Post 3713650 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.29h):

Quote from: Coinseeker on November 25, 2013, 10:37:42 PM
lets go to mars now Smiley

It's coming right back down.  You can buy all the peak coins you want but you can't "create" buying pressure, when there genuinely isn't any.    Grin

Repeating myself: no buyers.... indeed.



166. Post 3725285 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.29h):

BTC-E had a beautiful run today. Too bad I chickened out too soon, but nevertheless got some good fireworks from all of this. $100 in a day is a bit faster than the rest of the exchanges  Roll Eyes



167. Post 3732437 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.29h):

Quote from: windjc on November 27, 2013, 06:31:31 AM
Price isn't moving because everyone's busy pumping alt-coins.
 Grin

I personally learned a lot in the last 36 hours regarding the crypto market and how it reacts to rallys in Bitcoin. I completely missed the boat with this most recent alt rally. And now that it has happened it seems so absolutely obvious to me.  

Altcoins are difficult. The price is volatile and the market thin. Look at the bids/asks around $20 for LTC. How do you expect to cash out of 7,000 LTC without disrupting the market? It's no joy working high numbers with altcos.



168. Post 3739944 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.29h):

Quote from: ardana123 on November 27, 2013, 06:15:22 PM
Imagine if this goes on indefinitely. People just buying in like mad during every single little dip/correction. Continuous growth with constant new money coming in, marking this the investment of the century. Go mad.

Strategy is now to hold until prices rise between 50 to 100% .... each day.



169. Post 3740416 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.30h):

Quote from: mvidetto on November 27, 2013, 06:50:05 PM
btc-e crashed, can't trade...

Never had the chance to do something with this 10% + drop...  Shocked



170. Post 3741547 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.30h):

Quote from: windjc on November 27, 2013, 08:08:14 PM
And we reached $1000. My countdown is over with 2 days to spare.

Like clockwork I'm telling you.

Got to hand this to you....  Shocked Wink



171. Post 3816445 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.31h):

All kinds of indicators are bottoming while the price stays steady. I would say we are winding up a coil as never seen before, but it also scares me. What if price suddenly falls through....

Half cash  Roll Eyes



172. Post 3817192 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.31h):

No walls are holding price down atm. Buyers are just waiting and sellers holding. Indicators spiking up without significant price increases to show. Last time we dipped, we had this lull above ATH, now its below.

I am all cash now.



173. Post 3818136 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.31h):

Quote from: seanneko on December 04, 2013, 09:23:28 AM
Someone keeps putting a 100-200 coin buy order right at the current market price on Gox, and moving the order up as the price rises. Choo choo?

Choo choo or stupid  Roll Eyes



174. Post 3823761 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.31h):

Someone buys 700+ coins @ Gox. Follow up: 0.0.

I declare this market dead  Huh



175. Post 3823855 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.31h):

Quote from: maz on December 04, 2013, 06:18:43 PM
Someone buys 700+ coins @ Gox. Follow up: 0.0.

I declare this market dead  Huh

Are you still bearish?

I will move the way the market moves. Not much right now, I would say.



176. Post 3839326 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.32h):

Quote from: gandhibt on December 05, 2013, 05:44:39 PM
This is 8 day in row that we have been over 1000 USD at stamp. All the bears out there, don't you realize how bullish this is? Example in april we were just 2 days over 200 USD. We are building here a magnificent rocket launch pad.

It is major double bottom if it holds...  Cool



177. Post 3854244 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

MtGox Api totally bonkers



178. Post 3854314 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Quote from: gandhibt on December 06, 2013, 07:24:01 PM
Is btce leading the price up? Grin

Can't be a bull trap, could it?  Roll Eyes



179. Post 3854567 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Quote from: Vigil on December 06, 2013, 07:36:30 PM
I had money ready to buy at some point but all that opportunity is gone since we have no idea what is real and what isn't.

Got orders in at $830. Now hope that the 'loop' is honored Wink



180. Post 3854651 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Looking at my trading app, the trouble started at $877.46198, so everything below is part of the GoxLoop and may not be honored. What a joke  Kiss



181. Post 3854712 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):




182. Post 3854902 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Bitstamp is looking for another plunge as well. Double bottom @ $800?



183. Post 3854955 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Quote from: Wekkel on December 06, 2013, 07:57:09 PM
Bitstamp is looking for another plunge as well. Double bottom @ $800?

Get set... ready..?



184. Post 3855204 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Back in the Race. NOW DUMP Smiley



185. Post 3855331 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Orders still get stuck in Gox API. It is seriously dangerous to put in ANY order @ Gox right now. It just stays 'pending' while someone else gets to play with the price ....

Oww, Goxxed again  Huh



186. Post 3855639 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.33h):

Gox still erratic. None of my trade orders get through. What a mess  Cool



187. Post 3924116 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.36h):

Quote from: DaSheep on December 11, 2013, 06:32:32 PM

DAT SPREAD! Cheesy





188. Post 3925416 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.36h):

Short term, this looks like an opportunity. Not impressed by the selling pressure.



Longer term, it is not looking pretty.




189. Post 3925569 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.36h):

Quote from: adamstgBit on December 11, 2013, 08:24:15 PM
European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.

http://www.cnbc.com/id/101263206

No comments...

time to get mad.

No, just take your money out of the bank up to the bare minimum. Cash will be king if banks collapse. The enormous dose of new fiat will only come after that.



190. Post 3977466 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.38h):

Quote from: kurious on December 15, 2013, 12:16:00 PM
How are we supposed to crash with all these buyers, damnit.

Well, someone just threw a million bux or so into a bear trap - unless they fancy 'double or quits' they better head back into their caves Wink

My thoughts as well but everybody is free to bet on a penny stock.



191. Post 3977646 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.38h):

Quote from: UnDerDoG81 on December 15, 2013, 03:17:40 PM
It is always shocking to see how easy the price can be manipulated. Without any volume the price went up 50$ in minutes. As the price was at 840$ somebody bought 13 coins for 895$ each and bang there we are now at 884$...

That why I - incorrectly - call it penny stock. A few big players can totally control this with a penny.



192. Post 3996324 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.39h):

Quote from: adamstgBit on December 16, 2013, 06:50:46 PM
@Adam for what is this countdown?

its almost over.

1




193. Post 3996359 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.39h):

Quote from: Spaceman_Spiff on December 16, 2013, 06:52:07 PM

lol, nice one  Grin !

Epic grammar error included  Roll Eyes



194. Post 3996463 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.39h):

Quote from: Spaceman_Spiff on December 16, 2013, 06:55:33 PM

lol, nice one  Grin !

Epic grammar error included  Roll Eyes
I am assuming you had that picture waiting for the right moment?

No, did it in record time when the count started. Here's the correct version:

Make one yourself  Grin
http://www.karolinagames.com/horatio/



195. Post 3996524 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.39h):

If Bitcoin has something valuable to add, this thing is and will remain a mere blip in the total run up to $40,000 (as per the Winklevoss small bull scenario). BTC suprised us before, and it will again.

Hold for the longest time.



196. Post 3997261 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.39h):

Just wait for $400. A nice place for a little big bounce.



197. Post 4010895 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.40h):

The poll is incomplete: no option for a bounce to 700.



198. Post 4015562 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.40h):

If it's going to be 2011, you are literally going to forget all about Bitcoin in about 4 months, leaving any remaining BTC in the dust and forgetting to check regularly on the final capitulation dump which will be the excellent moment to get back in big time.

As long as you still check this forum daily, it's nothing like 2011.

Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.

For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).



199. Post 4031610 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.42h):

Quote from: 600watt on December 18, 2013, 09:29:52 PM
He is talking about ex England international footballer, England manager and number one hit wonder Glenn Hoddle

http://www.youtube.com/watch?v=1KEMMfV5-Qg

Are you guys serious? You've been missing the best thread around town!

+1

bitcoiners not hodling are missing the point.

hodling is the answer.



Very Doge, many coins  Cool




200. Post 4189232 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.48h):

Waiting for rptiela's $350 and lower....  Cool



201. Post 4515549 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.55h):

It is easier to follow simple rules, like rptielia's simple dont buy above $400 rule  Cool



202. Post 4520615 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.55h):

Quote from: shmadz on January 15, 2014, 04:45:24 AM
I sold 25% of my coins today to get my initial investment back. Why do I not feel good? >.<

I sold over 300 coins for less than 10 dollars each, and I feel fine with it, now.

I went through that whole phase of regret, but now I think the most important part is how much you understand about what bitcoin means, not how much bitcoin you hold.



I let go of a fortune, and I suspect I will let many more slip through my fingers before I'm done; but my thoughts, and the thoughts of others, are freely traded, with nothing expected in return.

Well said.

Peace of mind is more important than a couple of dollars/Bitcoins.



203. Post 4529689 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.55h):

Quote from: macsga on January 15, 2014, 05:45:06 PM
On other news:
Silicon Valley VC Thinks a Single Bitcoin Will Be Worth $100,000
BY ROBERT MCMILLAN01.15.146:30 AM
http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

I guess he would not predict his investment to go to zero.

But I am happy with a $100,000 target.



204. Post 4652421 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.57h):

Quote from: MAbtc on January 21, 2014, 10:46:50 PM
There are people that still hate Apple. Who knows, perhaps you are one. No matter how obvious a success something is some people are going to hate it.
Wait, why wouldn't I hate Apple? Apple is fairly close to the polar opposite of my hopes for the future of the technology sphere.

I do not hate Apple, I just want to own my stuff.



205. Post 4757114 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_11.59h):

Quote from: spooderman on January 26, 2014, 06:25:32 PM
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.

It would, if you could get it into the chain.  But current software gives zero priority to transactions smaller than a gavin.

What's a gavin ?

You'll know when you're older Tongue

Denomination   Name   Legend
21000000   The Coinbase
10000000   Menger   Carl Menger, founder of the Austrian School of Economics
1000000   Nakamoto   possible number of BTC owned by SN
100000   Hayek   Nobel prize for contribution to the Austrian Theory of the Business Cycle
10000   Pizza   first Bitcoin transaction - 10000BTC for a couple of pizzas
1000   Mises   In "Monetary Reconstruction" (1953) Ludwig von Mises argued for a fixed money supply
100   Milton   Milton Friedman proposed replacing the FED with a computer
10   Murray   Murray Rothbard argued for competing private currencies
1   Bitcoin
0.1   Finney   Hal Finney created the first reusable proof of work system
0.01   bitcent
0.001   milicoin
0.0001   Chaum   David Chaum - ecash
0.00001   Szabo   Nick Szabo - bitgold
0.000001   microcoin
0.0000001   Gavin
0.00000001   Satoshi



206. Post 4995377 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_12.04h):

Quote from: mah87 on February 07, 2014, 12:17:42 PM
All the bulls are stupid. This is going BELOW 400$ ! Probably 200$ and below!

Quoted for future reference.



207. Post 5213894 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_12.12h):

Quote from: kkaspar on February 18, 2014, 06:56:46 AM

Yeah, this "Let's just give everyone money and everyone can be rich!" doesn't work in real life. Money doesn't always equal wealth, you know..

Actually it is production that creates wealth and production is stimulated by consumption.
When world currency would be deflationary then consumption will slow because everyone will be motivated to hold onto their money, not to use it on consumption. That in turn means that production will slow down and that actually means less wealth to everyone.

Now, if the globe would be in one peaceful society, then maybe it could fly. Less consumption would mean less destroying our natural enviroment and all. But because evolution dictates the survival of the fittest, this laziness propagating economic way won't work. People who work more and better will always rule over those who just want to sit on their ass.

There is a logical fallacy in assuming a rise in value of a currency and a shrinking economy. If nobody would spend money because of a rising value of money, that money would - in the end - buy less again because the economy is not growing but shrinking. Of course, this is a contradiction. No such thing will happen. Instead, an equilibrium will exists that indeed differs from our current system.

Nobody will hoard money indefinitely. There is a simple reason for this: time.

Nobody lives forever, right?



208. Post 5214445 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_12.12h):

Quote from: kkaspar on February 18, 2014, 07:30:55 AM
If nobody would spend money because of a rising value of money, that money would - in the end - buy less again because the economy is not growing but shrinking. Of course, this is a contradiction. No such thing will happen. Instead, an equilibrium will exists that indeed differs from our current system.

Nobody will hoard money indefinitely. There is a simple reason for this: time.

Nobody lives forever, right?

Well, someone will always buy something. Just less people buy something.
When inflation motivates people to consume more, then you can be sure that deflation will motivate people to consume less. Of course there won't be radical outcomes that no money will be spent, but a country that runs on deflationary currency, will fall behind in economic development compared to countries with inflationary currency.

It's like with communism or just plain old socialism, where everyone will work less and work is less important in society in general, but everyone are also poor because the lack of quality production.
I have lived in Soviet Union, so I know how childish economic dreams can create deficit in even the most regular goods.

Well, we know for sure that we do not become richer because of money printing (inflation). Second, stimulating demand by borrowing from the future is not bringing a net positive in the longer run. Finally, my purchase decisions are not affected by a few percent of inflation. I buy if I need or want something. Inflation is mostly an annoyance to me (saving is impossible in our current system).

So to me the artificial inflation argument does nothing right. Its just a gimmick that leads to a redistribution of existing wealth. Communism has nothing to do with this.



209. Post 5217902 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_12.12h):

Quote from: kkaspar on February 18, 2014, 08:25:17 AM
Finally, my purchase decisions are not affected by a few percent of inflation. I buy if I need or want something. Inflation is mostly an annoyance to me (saving is impossible in our current system).


You are contradicting yourself there. Because saving up in cash has been made impossible, as you say, you save less and buy more. The point is that people should save wealth in production, not in money.

Perhaps it seems that way but wealth can be stored in other means than cash. It does not neccessarily increase my consumption. Whether people 'save' in production should be a free choice to make, not a forced one.



210. Post 7652160 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_12.57h):

Quote from: justusranvier on July 03, 2014, 06:07:31 AM
I am fine with another plateau phase, followed by a big-ass bubble  Wink
That's indeed the best way to accumulate more bitcoins.

It may continue like this for more than a year (which is perfectly fine).



211. Post 7690987 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_12.57h):

Quote from: Krabby on July 05, 2014, 04:47:43 PM
The longer we wait, the higher and higher the ATH trend line becomes.
Not sure if a good thing or a bad thing Cheesy.

The longer the lull, the bigger the spike. I look forward to a dull 2014.



212. Post 8053096 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.01h):

Quote from: Erdogan on July 27, 2014, 06:09:19 PM
Fresh minutes from the BCB:

1) No QE, despite pressure on bitcoin exchange rate to most currencies.

2) The benchmark interest rate is set to float, in fact there is no benchmark interest rate.

3) The BCB foreign currency reserves, which consist of a bucket of foreign currencies the world trades with over the borders, stays at zero.

4) The president declared that the dual responsibilities of the BCB, low inflation and low involuntary unemployment, have been abolished.

5) The president has resigned, as there is nothing more to do.



True freedom.



213. Post 8349804 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.04h):

Quote from: Heartbit.io on August 14, 2014, 02:13:21 PM
The dump on bitfinex brought everybody to the 500 frontier
We can see that it's a flash crash, 26kBTC volume in less than 10 hours





heartbit.io/app

Even Cryptsy BTC/USD market - a very young and thus thin market - went to $450 on that news.



214. Post 8451622 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.07h):

Quote from: adamstgBit on August 20, 2014, 11:53:09 AM
thoughs?

anyone disagree with any of that?

Bitcoin, Litecoin and all other alts are like a sponge, a money-sponge. Getting worn out now, but will suck in fiat in the future. It will happen again, as it is inevitable....



215. Post 8452943 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.07h):

Prices at Cryptsy USD market are significantly higher than elsewhere....



216. Post 8465986 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.07h):

Seriously, the board wasn't any better than 2 years back except that some smart, very smart people stayed and continue to tickle our brains while we move further in this new and fascinating concept of decentralized 24/7 worldwide payment networks. It genuinely feels like living the dot.com bubble again (the technical aspects, not the boom in stocks), but this time active and at the forefront.

To turn it around: the board has never been better.



217. Post 8580382 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.09h):

Quote
Bull markets are born in pessimism, grow in skepticism, mature in optimism, and die in euphoria.

There is no pessimism yet, so I do not expect any fireworks soon.



218. Post 8636140 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.10h):

Nobody talking Bitcoin means we are moving steadily towards capitulation. Maybe MasterLuc's prophecy is not a bad call. Be patient if you believe in this technology. Scream if you are just a speculator. Troll if you are a troll.

For me, it cannot become silent enough for Bitcoin. Eventually, the tide will change.



219. Post 8697761 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.10h):

Very good. A logical conclusion for deflating a bubble. Meanwhile, Bitcoin development is steadily progressing.



220. Post 8717542 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.11h):

Quote from: adamstgBit on September 07, 2014, 06:26:48 PM
Exclusive: G20 finalizing flexible 'bail in' bond deal for big banks

you mad?

not yet?

ok.

Only when the bail in materializes. Now get me some Game of Thrones....



221. Post 8757839 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.11h):

Quote from: Room101 on September 10, 2014, 09:34:45 AM

....... 

I am really looking forward to the days when various ease of use apps become more common in the bitcoin space - whether it is for buying, selling, trading, purchasing, storage of value, transferring, etc.

^^^

this. i feel we are getting there though. Everything that is happening over the next 12 months looks pretty bullish to me


It's certainly moving into the right direction. My thoughts are that Apple Pay prepares the masses for online digital payments. A crucial step to reach the Internet of Money state.....

What I'm wondering about: what is taking Google so long to properly get into this arena? Android and Bitcoin are made for each other.



222. Post 8764941 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.12h):

Apple pay is a further step in getting people ready for mobile payments. It takes a long time to change people's behavior. The same applies to payment behaviour. Whether Apple Pay becomes a success remains to be seen but it prepares the mind of people. Once they are hooked, they will certainly be charmed by lower payment fees of the Bitcoin network.

But alas, this whole thing needs more time than our enlightened brains need to see it. It could take a generation....

That's why my view on Bitcoin, any view, only starts of 2018. HODL...




223. Post 8765488 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.12h):

Quote from: iram3130 on September 10, 2014, 06:38:33 PM
Very well said, and I am fully agree with you, what you wrote all.
People think here that when new big merchant accept the Bitcoin as payment,
price will going to moon because merchant is very big and new people start using
bitcoin [...]

To add to this: Bitcoin in terms of payments in the first world is mostly about cutting fees. This will (not could, will) be a major reason for the large payment processors to step into this arena. Problem: you can't compete with (near) zero, as Amazon is slowly learning in their line of business. Margin compression all over, and I think this will happen with payment processing as well.

However, this is not the most interesting part of Bitcoin. The real innovation (from my perspective) is Bitcoin's programmability. Programmable money that - in a far future - can even be used by autonomous machines without central interference. That's a far more promising feature than shoving some 'value' from A to C against the lowest fee possible.



224. Post 8766392 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.12h):

Quote from: justusranvier on September 10, 2014, 07:23:48 PM

Freedom from government-managed money is what makes Bitcoin important.


I am afraid the average guy does not care.



225. Post 8832452 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.12h):

The best way to stall Bitcoin is to spread FUD and impose all kinds of burdensome regulations.



226. Post 8884604 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.14h):

SHOTR - short?
Edumacated - ??



227. Post 8890714 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.14h):

Smells like panic  Shocked



228. Post 8973349 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.16h):

The price does not matter. It still makes 24/7 decentralized payment possible, whether main street sees this in 2 years time or 10. This tech will not be uninvented.



229. Post 8990027 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.16h):

This one?




230. Post 8990873 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.16h):

Quote from: sidhujag on September 27, 2014, 09:55:32 AM
Sooo,no to da moon soon Huh  Cheesy
ltc target not met so no

So what is the target?



231. Post 9076092 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.19h):

Quote from: Wandererfromthenorth on October 04, 2014, 07:42:26 AM
Stop being a perma-bull and accept the situation.



Noone is buying from the asks. Support is weak. The only volume is the market dumps. We have breached far too many historic support points.
There haven't been nay significant bounces lately.

Huobi is going ahead and made a new low half an hour ago.


At least just make sure that you don't lose money you can't afford to lose in this mess.


Indeed. Just accept that demand is not matching supply for now. Comfort yourself by thinking of the demand vs supply at $10. Imagine the buying frenzy. The Bitcoin adventure is far from over yet.



232. Post 9083945 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.19h):

Price just needs to crater to get buyer confidence back. Nothing new, has been done 10.000x in history of markets.



233. Post 9089050 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.19h):




234. Post 9089133 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.19h):




235. Post 9091392 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.19h):

I hope the whiners stay away after this price lull.



236. Post 9103026 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.21h):

Quote from: mmitech on October 06, 2014, 12:47:46 PM
I think (not sure yet) that there is a good chance that we will see double digits before we go up again (reversal).

I won't buy extra until $100. Promising  Cool



237. Post 9128141 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.21h):

Just waiting for that killer app. Perhaps OpenBazaar?



238. Post 9153709 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.22h):

Quote from: riiiiising on October 10, 2014, 02:44:41 PM
OH LOOK another dump. Thanks dumbass traders, we could have been well past the ATH by now, if the stupid traders weren't always ruining it. Does it make you happy to destroy bitcoin?

If selling would destroy Bitcoin, I am in the wrong game. Just be patient. Many years if necessary.



239. Post 9154077 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.22h):

Quote from: riiiiising on October 10, 2014, 03:01:58 PM
OH LOOK another dump. Thanks dumbass traders, we could have been well past the ATH by now, if the stupid traders weren't always ruining it. Does it make you happy to destroy bitcoin?

If selling would destroy Bitcoin, I am in the wrong game. Just be patient. Many years if necessary.

I have been waiting patiently since when I bought last year at $1100. Everyone told me that we were going up to $1,500 at least, so I went all in and now I'm being told I have to wait YEARS??? People, please, just stop selling and we will go back to the ATH immediately. This is market manipulation, it's so obvious. Just hold and don't let them win!

Looking at Bitcoin's past, it would have been worthwhile to think twice about stepping into a punishing market like Bitcoin. Obvious pump will come down, and slowly. It would have been better to get in at a later time, as was the case with the 2 previous pumps. But that is hindsight.

Your biggest problem is 'everyone'. Stop-Listening-To 'everyone'. Make up your own mind. If this thing is a dud to you, get out and lick your wounds. If you have faith in this thing or can imagine a bigger pump, hold on for a little longer and perhaps dollar average in some further.

But.do this yourself, and not because of 'everyone'.

I is still a way better chance than the lottery.



240. Post 9156587 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.22h):

Quote from: fonzie on October 10, 2014, 07:31:02 PM
Fuck it, i´m buying back in. Bears look weak.




241. Post 9161923 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.22h):

Quote from: BTCat on October 11, 2014, 07:51:25 AM
I think sideways for a couple of days.

Or a couple of years. This thing needs some time.



242. Post 9177613 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.23h):

Quote from: Walsoraj on October 12, 2014, 07:10:59 PM
I need to sell a few thousand bitcoins to pay some bills. Sorry guys.

Sell some Ripple..



243. Post 9187932 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.23h):

Quote from: JimboToronto on October 13, 2014, 05:27:05 PM
All you Apple haters - are you jealous or afraid Huh

It's one thing to disagree, but there has to be a reason for the hate.

Apple haters? Here?

[...]

You can't connect it to a USB port of a PC without an overpriced proprietary cable.
[...]
you cant transfer files to the internal storage (no SD slot) without installing malware called iTunes and connecting to the internet.

You can't install any software (including free) without signing up for an Apple account, disclosing personal information and giving them a credit card number.

My Sony Xperia Z Ultra Android device [...] just plain works.

As a summary: either you OWN your device ... or not.



244. Post 9203384 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.24h):

The major Bitcoin wave is scheduled to top out in August 2016.



245. Post 9252129 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.25h):

If Ripple makes (international) payments cheaper, why argue?



246. Post 9252231 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.25h):

So what's the problem and why not state it as 'technology x' making something possible (positive instead of negative approach)?



247. Post 9339580 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.26h):

Quote from: ShroomsKit on October 26, 2014, 09:18:07 PM
The only reason why BTC will grow and increase in price is Anonymity. Each and everyday people are tired of showing ids and passports to banks to send money to someone or receive. With BTC its all cool and your anonymous what more is needed? BTC Can grow a lot more in developed countries with high tax rate and strict control. As people want to live free not in a cage. One of the reason Sweden loves bitcoin is this.

There are way better alt coins for that.


It does not have to be 100% privacy. It can just be something that is similar to cash: payment is visible for the receiver, but the identity of the payee is not necessarily known to the rest of the world (e.g., stored in a central system with access for government officials).



248. Post 9339989 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.26h):

I consider the anonymous coins 'theoretically' better coins, although I am not that afraid of the transparency of Bitcoin.



249. Post 9417191 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.28h):

Quote from: marcus_of_augustus on November 02, 2014, 09:36:27 PM
Bitcoin is on a mathematical exponential adoption curve. The price will reflect that in longer time frames because of the limited supply. However in these early days there will be anomalous periods where new innovations (forward short-selling of mining contracts, trading bots, FUD bots, etc) and quasi-periodic waves of entrants distort the price, both above and below trend.

Nicely said. It resonates partially with Anatopoulos' latest talk on the future of Bitcoin (link below). Summary: don't fear the alts, the free market will sort this out and Bitcoin has a great head start (it's the size of the network that counts).

https://www.youtube.com/watch?v=jw28y81s7Wo

But I like the naysayers, as long as they convey humour.



250. Post 9424787 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.29h):

Looks like Litecoin is heading for some type of resolution by half November.




251. Post 9451266 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.29h):

Quote from: NotLambchop on November 05, 2014, 11:32:35 PM
debt is good?
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.

how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.

So every industrialized nation in the world is stupid and don't know The Truth about economics that you and some of your crustier friends do.
I suggest you start calling world leaders and educating them, it looks as if without your help, the world is heading for Armageddon.



P.S:  In the meantime, that rally sorta stopped rallying a while back Sad
P.P.S:  Maybe you can just email world leaders with YouTube links to "Money As Debt"?  Sounds like a plan?

Burying your head in the sand won't make the problem go away.



252. Post 9454080 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.29h):

Quote from: marcus_of_augustus on November 06, 2014, 07:10:24 AM
Hoarding is simply the same as saving. Savings are what makes capitalism a viable economic model. Inflation is a stealth tax from those who have last use of new money (the poor, middle class) to the pockets of those who have first use of new money (the banks, wealthy, government).

It is not quite so simple. Standard economists worry that if inflation becomes too low (or if there is deflation), incentive to hoard increases and incentive to invest drops, which could lead to negative growth, the bête noire of capitalism.



The situation you refer to is only possible in a domain where there is an artificially enforced monopoly on the money supply, e.g. central bank, totalitarian capital controls, etc.

Free markets rapidly fill shortages of goods, monetary or otherwise, and correct mispricing.

Can't let that happen, can we?



253. Post 9485389 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.30h):

Quote from: Erdogan on November 09, 2014, 04:26:41 AM
Trading works. A trader can be successful, and what is needed, is to be able to anticipate the future. This is the basis of free market capitalism. If you are good at anticipating, you win, if you are bad, you lose. If you consistently lose, you are out out of the game and your capital is transferred to others, who are better. This is how all investing works, and what is to be anticipated, when all is said and done, is the demand for the different consumer goods. If you are good, you take part in forming the capital structure to produce the most consumer goods with the best balance between the different types of consumer goods.

What we the traders and holders do, is to increase the value of bitcoins, therefore we direct capital to the miners, who build the magnificent bitcoin mining network, and to the service companies. We anticipate that this is advantageous for traders of all goods and services, and therefore ultimately advantageous for the consumers.

The method we use to predict, is not important. Charting, fundamentals, logic or feelings, it does not matter any more than the reasons a gene has, when it chooses to mutate into a variant. It doesn't choose, in fact it does nothing consciously, because it has not the capability to think, but still a gene's code  can either adapt and prosper, or die.

Just as with the genes in the nature, you can never declare a final winner. You can declare a tentative winner, by sampling the world's gene pool and find the gene which is most numerous.

In investing, your status is always temporary. You may have a lot of value at a certain point, but the asset that you own, can depreciate. You can sell out, but then you have money, which can still depreciate. And your competitor might in the mean time find a winner asset that appreciate more than your's. That is why capitalists sometimes say, the one who has the most when he dies, wins. But death is also not definitive, because a fortune can outlive one individual, and living a prosperous life in your own psychical understanding of that concept, is also on the scale.

In bitcoin, it is difficult to predict, because it is a fundamentally new thing, and the liquidity on the market is not known. Liquidity here is the ease with which you can sell, or convert to other money or goods. The daytraders or other traders buy and sell, but in the long term they hold, on average, a number of coins which is not changing, and thus does not add real liquidity. You would think that you could easily sell 30K coins over a few weeks, when the daily trade volume is hundreds of thousands of coins. But apparently, that didn't work. The guy with 30K coins might think, when the price was 600, that his wealth was equal to 18 mill USD. But because of low liquidity, he could not convert at that price. Who could have known? Well now we know.

Daytraders could in theory take advantage of the resulting volatility, but they could not know what was in the head of the 30K seller, when and how much he would sell. It is not good enough to know afterwards, you have to know in advance, and I propose that nobody can know the daily variations.

Therefore a daytrader, as opposed to a long time, fundamentalist trader, can not know what he is doing, and his decisions are random, and produce random wins and losses. Now the big point: To be a daytrader, you have to sometimes have fiat, sometimes bitcoin, and sometimes a mix. So when there is a general uptrend, the daytrader is overall only half invested. A long time holder is fully invested. Therefore, a daytrader can not win as much as a holder. In a downtrend he will lose less, but in the long run, we will not have a downtrend. That is the holders prediction.



Some good points in this.



254. Post 9522263 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.31h):

Where is Adam when you need him?



255. Post 9533446 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.31h):

Quote from: ShroomsKit on November 13, 2014, 04:42:41 PM

I only have 2 coins and i'm not gonna gamble with those.

Long term HODL for you, Sir..



256. Post 9541602 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.31h):

Quote from: fabrizio123 on November 14, 2014, 01:44:15 PM
If this is wave 3 it will be crazy

Too soon.



257. Post 9550120 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.32h):

Quote from: LFC_Bitcoin on November 15, 2014, 09:58:59 AM
Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?

Anybody with half a brain.


That is quite a prerequisite.



258. Post 9550570 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.32h):

Quote from: Chang Hum on November 15, 2014, 10:40:39 AM
Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?

Most people purchase Bitcoins in the speculative hope they can later profit by selling them at a higher price to other market participants. As it's mathematically impossible for this to continue ad infinitum it's foolish to think you can continue to make money at the expense of other market participants (of which you yourselves are among) beyond the peak of adoption.

Once adoption rates have peaked, which they more than likely did last year, there's little left but a massive downside caused by an imbalance of those wishing to cash out vs new money coming in from those wishing to speculate on further price rises.  As the imbalance becomes more apparent new adopters are likely to become fewer and fewer thus escalating the downside.

As more people start to realize risk/reward is a bad bet and that the coins are gradually becoming worth less vs USD, a cash grab situation is likely to arise in which people will become aware coins are actually only backed by buy orders amounting to about 0.01% of the arbitrary market capitalization. This situation could be immensely profitable for those buying into the next round of folly.

All those who have become rich from Bitcoin have simply done so at the expense of later market participants, many of whom are likely to realize large losses on the flip side at some point. Hence why it's reasonably comparable to a giant ponzi scheme.

You described the stock market.



259. Post 9550764 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.32h):

Quote from: Chang Hum on November 15, 2014, 11:59:00 AM
Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?
[...] a giant ponzi scheme.

You described the stock market.

close you could fairly say I'm describing a lot of penny stocks, however a typical stocks value isn't an arbitrary figure as a profitable company adds value to the stock in terms of re-investing in the underlying business and to share holders in the form of dividends.

It is still the same. For each seller there is a buyer. Its a zero sum game depending on how people value the item traded. No more, no less.



260. Post 9606451 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.33h):

Quote from: Wandererfromthenorth on November 20, 2014, 09:16:48 PM
the next 50 pages are definitely critical.

In before the 10.000th page....



261. Post 9610354 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.33h):

Quote from: nerioseole on November 21, 2014, 07:37:32 AM
Cryptsy still at $390   Huh  and the rest of the world at $345...

Can someone send an Email to Cryptsy traders?

Cryptsy USD market is so tiny that movements down tend to lag. Should be great though in a case of squeeze up.



262. Post 9630005 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

This thread is a nice barometer for the Market Temperature.



263. Post 9630071 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Quote from: noobtrader on November 23, 2014, 02:17:39 PM
market moves again  Grin Grin Grin Grin


its so good to bullish again  Cheesy

I think the market is sensing this thread  Cool



264. Post 9630159 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Quote from: NotLambchop on November 23, 2014, 02:31:38 PM
Lol, better hurry!


This one is getting old...



265. Post 9630178 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

OMG, in before the end of the 10k page!!




266. Post 9630227 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Quote from: marcotheminer on November 23, 2014, 02:37:03 PM
People are deleting posts..

He he, this is really sad.

But Honey Badger does not care. It's still 1993 to me.



267. Post 9630356 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

It's really about rehearsing oneself in order to remain on the 10,000th page  Grin




268. Post 9630435 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Quote from: spooderman on November 23, 2014, 02:51:33 PM
It really is dumpage Cheesy people miss 10k, post on 10,001 then delete old posts, causing other people to drop to 9999, causing them to post on 10,002 and delete their old posts.....


new trend??? bear thread!

I'll quit now. It is sufficiently clear who officially made it to the 10,000th page.

Actually, if people continue to delete posts, the quality of this thread may actually turn decent again.
I rest my case  Cool Roll Eyes



269. Post 9630584 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

As an observer note: down below long term moving average, meaning any buy right now is good.



Only for the Brave.



270. Post 9631162 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Won't deleting posts set you back in post count?

Edit: and when will we finally reach page 10k?



271. Post 9631814 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Quote from: bad trader on November 23, 2014, 05:01:55 PM
Will this rally break the bearflag?


No, first there will be fear.



272. Post 9632364 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.34h):

Quote from: cech4204a on November 23, 2014, 06:02:13 PM
I'm on 10.000th page, yeah baby!

No, you're not.



273. Post 9645259 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.35h):

Quote from: NotLambchop on November 24, 2014, 10:47:01 PM
Willing to keep posting the same gif as long as you investment enthusiasts keep falling for the same gag Cool


I like the Unicorn better.



274. Post 9649335 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.35h):

Quote from: nanobrain on November 25, 2014, 10:10:51 AM
Two noticeable things:

Six to eight hours ago there was near parity across the exchanges now we have a $12 spread.

LTC usually 'follows' BTC to a greater or lesser extent, but in the last 48hours LTC has remained flat.

Makes me wonder how sustainable this rally is?

During real BTC rallies, LTC tends to lag 1-2 weeks before joining the party.



275. Post 9654112 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.35h):

Quote from: gotmilk_ on November 25, 2014, 07:23:08 PM
http://www.coindesk.com/dutch-official-bitcoin-transactions-probably-liable-vat/

Same as Finland Smiley


Would be a very clever decision. Trade will flow to the spot that has the least barriers.



276. Post 9682649 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.35h):

Quote from: LFC_Bitcoin on November 28, 2014, 04:56:16 PM


Johan Derksen?



277. Post 9997512 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.42h):

Quote from: caga on December 31, 2014, 10:18:49 PM
Happy new year everyone. Price is strong today Smiley

May the force be with you, my son...



278. Post 10000380 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.42h):

Quote from: cbeast on January 01, 2015, 09:01:19 AM

That qualifies him for political office.

Some folks lost Bitcoins. Mistakes were made.



279. Post 10045799 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.44h):

Quote from: julian071 on January 05, 2015, 01:56:35 PM
Holland's busiest site for buying bitcoins, bitonic.nl is getting plundred all day. They are out of BTC regularly. Apperently the Dutch think it's a good time to buy  Cool

I got mine yesterday already  Cool



280. Post 10046923 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.44h):

Has the theft of 18k coins been confirmed then?



281. Post 10070702 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.45h):

The price rebound from the lows is quite weak. I'll await whether there is a new round of price weakness before I test the water again.



282. Post 10073746 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.45h):

Quote from: riiiiising on January 07, 2015, 08:52:25 PM
I show it to my friends sometimes who are economics grad students ...

You are revealing too much  Grin



283. Post 10081644 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.45h):

Will I live to see the day that Cryptsy becomes the major BTC exchange.

Counting 3...2.... ....



284. Post 10083270 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.45h):

I sold at 290 already so expect the price to rise (contact indicator).



285. Post 10083581 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.45h):

Quote from: Jammalan the Prophet on January 08, 2015, 07:01:24 PM
Bearwhale benjamin is gearing up.

http://ticker.tv/whaleclub

O come on... you really think people who can crash the market would talk there?

The guy who obviously knows something is this guy (he twitted about stamp news 1 day before they stoped with trading).
https://twitter.com/AdamGuerbuez/status/553236379543830529/photo/1

https://twitter.com/AdamGuerbuez/status/553032557290586113

I.R.S combing through a GOLDMINE of #Bitcoin transactions, that may or may not have been declared. Stay Tuned 4 "When Anonymity Goes Wrong"

That's where Monero kicks in.



286. Post 10102906 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: SnokkomBTC on January 10, 2015, 01:21:47 PM
Litecoin death?

At what price do you consider it dead?



287. Post 10105279 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

It seems as if we have only entered the fear phase, or is it desperation (and for the bulls or the bears)?



288. Post 10105720 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

The scenario of mmtech is not unlikely. Frankly, I don't care what the price does as long as I see a long term chance of success. And boy, do I still see chance of success.

We need more desperation.



289. Post 10114730 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Whether you buy at 300 or 30, in the long run its both a steal (if Bitcoin succeeds).



290. Post 10114785 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: heartastack on January 11, 2015, 03:44:45 PM
Whether you buy at 300 or 30, in the long run its both a steal (if Bitcoin succeeds).

But you get 10x more rich from 10x more coins at 30...

I'm not persuaded by your arts.

It's just logic, not a recommendation of an entry point. I am waiting for Peercoin to reach 0.10; others have different battle plans.



291. Post 10115229 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: gentlemand on January 11, 2015, 04:25:06 PM
i have 120btc now ,will i ever become rich? Embarrassed

Either you were allready rich before you aquired your bitcoins 2013 or you have stolen the money and lost now a considerable amount of it.

Wow. You can tell everything about someone's life history by just looking at their posts on the internet.

If everything you write is true.



292. Post 10116188 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

The best solution for low prices is low prices. At some point in this decline, demand will pick up. Holding fiat ready...



293. Post 10116922 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):



Its coming...



294. Post 10117441 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: luckygenough56 on January 11, 2015, 08:11:24 PM
i'll keep a bitcoin for collection purpose

I kept 10.



295. Post 10117483 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: octaft on January 11, 2015, 08:36:35 PM
Am I the only one to find it humorous that permabulls only think price matters on the way up?

First state an opinion and that attack it as a fact. Classic.

For some, price does not matter (especially if you're not holding any).



296. Post 10117789 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: ShroomsKit on January 11, 2015, 09:14:28 PM
Can you seriously imagine bitcoin not succeeding?

That's impossible, considering how much it is needed. It's time to get back at the big banks.

Listen to Max Kaiser, he knows what's up

7 billion outside of this forum don't agree with you that it's needed. Keep that in mind when you wonder if Bitcoin could fail.

You just don't know what 7 billion people are each thinking. I like the animated GIFs better.



297. Post 10117797 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: YourMother on January 11, 2015, 09:09:58 PM
I've set my buy orders around $45...

You think the current prices are low enough, huh ? Wait till Satoshi Nakamoto starts dumping...

Why set an order now (unless you want to grab a possible panic dump @BTC-E)?



298. Post 10118253 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: ShroomsKit on January 11, 2015, 09:54:00 PM
Can you seriously imagine bitcoin not succeeding?

That's impossible, considering how much it is needed. It's time to get back at the big banks.

Listen to Max Kaiser, he knows what's up

7 billion outside of this forum don't agree with you that it's needed. Keep that in mind when you wonder if Bitcoin could fail.

You just don't know what 7 billion people are each thinking. I like the animated GIFs better.

Seeing how it gets more tiny by the day after 6 years it certainly isn't Bitcoin.

We simply don't know. The rest is just guessing.



299. Post 10118285 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: inca on January 11, 2015, 09:58:59 PM
That said this is probably just a nasty bear market ...

That's all there is. Bitcoin does not get support from central banks or large parties with big coffers. It's like the short lived depression in 1921: all pain comes out very quickly, cleaning up the excesses and making room for the future entrepreneurs. Nothing changed for Bitcoin, only the price.



300. Post 10118752 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: illyiller on January 11, 2015, 10:43:01 PM
Looks like a bounce here? No longer confident in this level holding though. I'll wait for a confirmed uptrend before buying back. On the daily at least. Don't care about buying the very bottom.

That's easy. Just wait until the blue line crosses the black one again (if ever). Picking bottoms is madness.




301. Post 10123723 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Quote from: Mervyn_Pumpkinhead on January 12, 2015, 11:42:14 AM
Slowly switching from denial to fear. Couple of weeks ago, denial was the dominant sentiment, now we are also seeing fear, with only some still holding on to denial.

I am afraid I concur with your assessment.



302. Post 10126868 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

I love a free market.

And I don't pay attention to naysayers. Let me fail on my own, thank you.



303. Post 10127351 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.46h):

Dont worry. I Will sell my 10 Bitcoins tonight so the price can rise again.

Counter indicator.



304. Post 10151310 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.48h):

Quote from: Torque on January 14, 2015, 01:44:26 PM
Blood in the streets.
Is anybody going to buy?
I'm a lot of $ down but would anybody recommend buying now?

I've been looking at these chart patterns for years and this is not a trend reversal pattern. It may go up a little but then another wave of selling will bring it back.

Of course the opposite strategy may work: nobody (myself included) thinks this is a good time to buy, which is why it may be.

Well, I'm not sure that a trend reversal is going to happen anymore like it did back in the day, with a sharp high volume bounce and then sudden steady buying.  It could end up being a drift sideways and slightly up for months that finally signals that was the bottom.  Or no reversal at all, just sideways drift for months.

Another thing that has gone on with this downturn is the length of time, the longest in Bitcoin history.  After 14 months of down, even the hardcore bulls are skittish to start buying again.

It will reverse at some point. Sub $10 is nice thinking but not realistic within a short time frame. Nothing goes down in a straight line, so even if we reach $10, it will take some time to get there. I agree that the bottom with most probably be tested once more.



305. Post 10153149 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.48h):

It's the free market at work, looking for a bottom. Let's see what happens.



306. Post 10160690 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.49h):

Price is stabilising in the short term.



307. Post 10163238 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.49h):

Quote from: kryptopojken on January 15, 2015, 12:16:30 PM
Green 4h MACD

Heat is on.



308. Post 10163565 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.49h):

I don't like the power of the rebound. Too soft after such hammering.



309. Post 10166789 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.49h):

Quote from: 79b79aa8d5047da6d3XX on January 15, 2015, 06:29:48 PM
I have to say, Lamb was really hitting his stride during the panic. Hilarious stuff. In fact, his posts are the main reason to be coming to this thread at this point.

I think he needs to step up the plate if 'reversal' is not to succeed.



310. Post 10172795 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

So, where are these whale buyers?



311. Post 10175980 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

First, I need Lamb to rub the lamp some more so coins become cheaper again. After that, you can play with Chuggington, my son.



312. Post 10177562 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Haha, but where are those sub $200 coins?  Huh



313. Post 10183718 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Waiting for a retest of that $170-180 area.



314. Post 10184144 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Quote from: Eamorr on January 17, 2015, 09:02:38 AM
I was hoping for a quiet weekend. Now this.

Nothing happened yet except for the pump which is MIA.



315. Post 10184221 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

The question is whether BTC will suffer from the deflation tendencies in the markets (on top of the current bear market that needs more time to resolve). I think the effect is limited, primarily because BTC is not an investment class (yet) but a gimmick for enthusiasts and speculators.



316. Post 10184299 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Quote from: bizz on January 17, 2015, 09:27:52 AM
The question is whether BTC will suffer from the deflation tendencies in the markets (on top of the current bear market that needs more time to resolve). I think the effect is limited, primarily because BTC is not an investment class (yet) but a gimmick for enthusiasts and speculators.

Well BTC is inflationary (10% I think?) in a deflationary environment. It has no chance right now.

Unless adoption grows (10% inflation means nothing then), but I don't see adoption growing in this bear market. I.e., more time for devs and investors to work on infrastructure and more cheap coins coming.



317. Post 10184939 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

It's more like the last bulls are dumping above $200 before the next leg down.



318. Post 10185880 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Quote from: ShroomsKit on January 17, 2015, 01:38:23 PM
Perfect timing and price for buying more cheap Bitcoin. We are still early adopters.

Haha no you aren't. Stop fooling yourself.

Depends on how you define 'early adopter'.



319. Post 10185931 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

I still consider everyone an 'early adopter'. I can count 2 people that I know in person that have or may have Bitcoins in a personal wallet. The rest only knows about it. I guess the rpitiela effect should still kick in.

Waiting.....



320. Post 10186285 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

210 BTC bidwall @195.xxx at BTC-E  Huh

edit: and 210 BTC dumped right into  Cool



321. Post 10187037 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Quote from: mobmob on January 17, 2015, 04:01:59 PM
Bitcoiners, look what you have done. These guys work hard and they are getting screwed because of you.



http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1?r=US
The only honest people in Bitcoin land and this is how they get thanked.

they should start using other altcoins

I thought they were using untraceable alts already although I have never had a look at the sites they use.

you mean darkcoin?

He said: untraceable. Thus Monero.



322. Post 10189193 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

It all looks terribly weak  Roll Eyes



323. Post 10193471 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Price action is very weak. The price must be lower to lure out buyers. $120 here we come.



324. Post 10193948 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Pump is over, returning to slide down.



325. Post 10195211 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Quote from: Feri22 on January 18, 2015, 12:24:57 PM
My favourite chart: https://www.tradingview.com/v/8ss69KFu/

No overshoot below the mean. A dip towards $100 would be more convincing.



326. Post 10197562 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.50h):

Meanwhile, the reversion from $15x lacks conviction. This will lead to a slow grind.down again followed by another acceleration down. I hope Lamb can speed up the process a bit. Saves us 2-3 months.



327. Post 10205421 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.51h):

Quote from: luckygenough56 on January 19, 2015, 01:42:38 PM
Hello fellow voodoo traders, what do your chicken bones say today ?

Sideways while slowly, very slowly moving towards the next plunge. Could take a month though and subject to whale buyers waking up.



328. Post 10217616 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.51h):

I was promised a rally  Huh



329. Post 10220654 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.51h):

I give it a maximum of 36 hours before we go down again.



330. Post 10221449 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.51h):

Quote from: bitcoinvest on January 20, 2015, 08:50:03 PM
I give it a maximum of 36 hours before we go down again.
i keep this post in favorites area to check it soon



Just sharing a prediction, no guarantees  Grin





When the 6hr MACD goes red, its down again. 36 hours, my friend.



331. Post 10221722 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.51h):

Quote from: SnokkomBTC on January 20, 2015, 10:05:15 PM
Wekkel, what do you think about the MACD 12H/1D chart? Why do you believe only 6H chart?

BTC is just oversold

I have no specific thoughts on that. What worries me is that I do not see much whale buyers. The move upwards is very weak, so I expect resumption of the slow grind down with intermediate dumps and pumps. But bulls are invited to step in at any time, though...  Cool



332. Post 10237773 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.51h):

I guess this panned out differently:



Buyers showed up and we are extending the party a bit longer. Don't worry, price wont rise any longer because I bought a little  Grin



333. Post 10254119 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.52h):

Gentlemen, price does not care for your argument.



334. Post 10301255 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.54h):

God, I love the bickering on this board.



335. Post 10307018 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.54h):

But... but, I was promised cheap coins  Huh



336. Post 10329354 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.55h):

Price is behaving nicely. Dumps are caught by decent demand. It seems things are slowly changing for the medium term.



337. Post 10333212 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.55h):

It's rather normal that board activity declines when price movement goes down.



338. Post 10338178 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.55h):




339. Post 10339156 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.55h):

With all this non-action in the markets, why not waste some time on our favourite topic: predicting the future  Cheesy My last prediction did not fare well but that was due to too much buyers suddenly entering the picture. The future, she remains fickle...

It's clear to anyone with a brain that we are in a longer term bear market. The trend is down and I see no signs that this has ended, except for increasing volume on the down turns. But that is my only signal now.

Let's look at the weekly chart:



This chart packs a lot of info so I'll break down my thoughts in snippets:

1. The stochastics is turning up again. It has a history of bigger or smaller rallies once it turns upwards from the cellar. In the last months, though, this signal has proven unreliable. No clear signal.

2. We are breaching the long term purple average. It has been breached earlier (2011 bear market; also see start of this graph) so it may happen big time again.

3. The down trend is visualized with a trend line. This trend line is currently at $350 and around $220 in August 2015. We need to punch this line, whether by rally or by going sideways, until there is a clear signal that the down trend is over. There is no guarantee that this trend will be broken before August or 2016. Price will tell, not these charts.

4. Everyone has his own thoughts on this, but my guess is that at some price point, buying pressure will prove too much to keep price within the existing down trend as displayed. It will be long before $40 in May 2017. Bitcoin is simply to powerful as idea and with too much enthusiasts to drop that low for a longer period of time. Of course, this epic bubble must be deflated (and it will) and I think it is not over yet.

5. Just as a thought, if the latest drop indicates the bottom of this bear market, we may still face sideways action that could last until May or even September before the down trend is broken. That means that those tumble weeds are called for. Keep them coming because we may still need considerable time before this bear thing is over.

6. As a final remark: $100 prices are still very much possible. That's a better place for desperation and despondency than current prices. If that's what it takes to have a better future, so be it.



340. Post 10339438 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.55h):

Quote from: YourMother on February 02, 2015, 09:16:16 PM
I hate to repost this, but i'm not seeing many enthusiasts...


So I see a price chart and I see a chart that is supposed to assign a value to a forum? That's not my idea of a general definition of 'enthusiasts'. The ultimate question is whether the 'enthusiasts' will be able to come up with a total of $21 million before Bitcoin hits $1. I think they do and probably a lot more than that.

Nothing has changed for Bitcoin but for the better. It's just a bubble deflating, not the 31st death of Bitcoin.



341. Post 10345570 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Quote from: Moria843 on February 03, 2015, 01:02:33 PM
Bitcoin's on a run - only $1000 more and we'll be at an all time high  Tongue

More important is breaking $350: the (down) trend line.



342. Post 10348383 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Some people are going to be very embarrassed over 5 years.



343. Post 10349690 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Quote from: LFC_Bitcoin on February 03, 2015, 08:57:45 PM
YourMother - I live in hope.
Bitcoin is my potential saviour, I'm not a millionaire or an entrepreneur, I have a sizeable stash in cold storage & I pray it can make me serious money in the future.
If it doesn't I'm ok with that.
You have to take a few risks in life.

Ignore the naysayers. It's not their capital on the line.



344. Post 10357539 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

So sad to see all that energy being wasted on quarrelling  Undecided




345. Post 10358020 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Quote from: NotHatinJustTrollin on February 04, 2015, 05:55:55 PM
Look what we have here, a marriage destroyed by bitcoin permabulling and shilling:


http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/

So he's going to be rich and she will miss the train. Big story.



346. Post 10358060 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Quote from: esse83 on February 04, 2015, 06:05:46 PM
Look what we have here, a marriage destroyed by bitcoin permabulling and shilling:


http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/

So he's going to be rich and she will miss the train. Big story.

hope you're joking..

The joke is: how dare her husband speak with her rich friends about Bitcoin. Such blasphemy !



347. Post 10358106 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Never venture, never gain. The waiting is the hardest part.



348. Post 10358124 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

His fault is telling her.



349. Post 10358172 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Reddit readers also have some sense:

"God this looks so staged. Cringeworthy even to me"



350. Post 10358361 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Trolling seems to be legit on this board so why not join them? Can't beat them for sure.



351. Post 10358447 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

My rules are very simple:
1. Only invest what you would be willing to throw in the
the toilet.
2. Don't buy above $100.
3. Don't piss off your wife.



352. Post 10358986 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Quote from: fonzie on February 04, 2015, 07:17:05 PM

@Wekkel;m_o_a
You guys make Scientology look really likeable.

Troll story or not. If you really think that SHE is the problem, than well....

Don't belief everything on the Internet. And certainly do not mistake a response as the actual belief of the poster.
I'm serious (just like our house trolls) Wink



353. Post 10359191 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

caught this link in another thread: http://www.storyleak.com/email-confirms-bank-americas-social-media-trolling-spy-team/




354. Post 10369047 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Professional images. Bears working overtime.



355. Post 10370427 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

Quote from: NotHatinJustTrollin on February 05, 2015, 09:36:45 PM
Discussion?
Why bother, when this thread roughly breaks down into three contingents: those who already agree with me, those who know I'm right but are too stubborn/overinvested to admit it, and finally those who, despite all the evidence to the contrary, continue insisting they're little teapots, short and stout?

We'll talk again when you've been around long enough to have seen at least one break of a previous ATH that was, until then, considered to be "never to be seen again".

Wait, my mistake. Won't work. Hey there, future inactive account Smiley
I think it's official, you have gone full retard.
I have no idea how you manage to go from respected bitcointalk member posting good TA and insights/thoughts to being just another delusional  cultist.

Everybody can look at bitcoin's price history, and everybody can see that this thing screams "I am a bubble" from whatever side you are looking at it  Undecided

The fact that the large scale pump&dump can be divided by cycles (pump&dumps themselves) that repeated 3 times in the past doesn't make it any less of a bubble  Undecided


As I said in the thread from the 2012 poster about submarine bulls and bears or something that was deleted few days ago:

Quote
Is it too much for you to believe that some people simply were not convinced about bitcoin as an investment and they didn't wanna put money in something they believed was a bubble but the fact that bitcoin was pumped&dumped several times in the past doesn't mean they were "wrong"?

Your logic is as follows: "The "nonbelievers" that said bitcoin was a bubble but price eventually was pumped higher were wrong in saying it was a bubble because some bitcoiners made a quick buck with it"

If (please note the 'if') this thing is going to make a 3rd round of ATH, I am going to enjoy this exchange of thoughts so very much ....  Cool

And of course, Oda is right....



356. Post 10370591 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.56h):

I see a lot of support, picking up the coins dumped right into sizeable bids. Indicators are turned down heading into a short term low (on the daily) but price isn't suffering that much. Ergo, buy support is increasing which is moderately positive for the medium term.



357. Post 10386239 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.57h):

Quote from: podyx on February 07, 2015, 02:01:30 PM
3d MACD is green

we choose...





Big push up expected.



358. Post 10397124 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.57h):

Quote from: bclcjunkie on February 08, 2015, 03:34:36 PM
eye opening interview on bitcoin's current state from futurologist Vinay Gupta...

https://bitcoinmagazine.com/18000/bitcoin-is-teaching-realism-to-libertarians-an-interview-with-old-school-cypherpunk-vinay-gupta/

I think it is worthwhile to add this snippet. This criticism makes sense.

Quote
Everybody thought Bitcoin was gonna bring them freedom and liberty, but what it has brought them are three different kinds of entrapment. Let’s take these lessons, and make a Bitcoin that is useless to Wall Street, that doesn’t automatically create a cartel of miners, and that doesn’t leave a power vacuum for development which some Foundation will fill.



359. Post 10410261 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.57h):

Peercoin is a poster child of the potential.



360. Post 10417417 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.57h):

Trolls will be part of this legendary history.



361. Post 10429909 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: NotLambchop on February 11, 2015, 06:11:47 PM
I think that most ppl always overestimate the change that will occur in the next few years and underestimate the change that will occur in the next ten.


Yup. 





Fixed the time frame.



362. Post 10434886 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: thompete on February 12, 2015, 07:55:34 AM
its about time for a pump too... i cant wait to see this above 1000usd

Hard to convince everyone to do it. And seems even good news doesn't cause that phenomenon these days

More time is needed. The waiting is the hardest part.



363. Post 10435602 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: Elwar on February 12, 2015, 09:10:14 AM
Something wonderful will happen with PPC in the near future.

Even though I have 1000 PPC from years ago I keep meaning to get rid of them. I did not check them out enough before I bought them to see that there is no hard limit on the amount of coins.

The 1% inflation target keeps things in check and it's the only major coin with an alternative for POW. I suggest to keep these coins and await $100.



364. Post 10455804 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

No more coins to go short. You just have to love free markets  Roll Eyes



365. Post 10456825 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: inca on February 14, 2015, 08:24:30 AM
Any TA gurus want to post some downtrend breaking targets? I have about 285.

I would say $350. Yes, this is not over yet.



366. Post 10468662 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: 12345mm on February 15, 2015, 03:24:00 PM
Fuck you sicko.

What is your point:

??  Huh



367. Post 10469176 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: 12345mm on February 15, 2015, 03:44:44 PM
[..] the rich in general have acquired their riches on the backs of the workers / at the point of a sword / actual slaves - yes they do deserve to be punished

Ok, please shoot all successful farmers and business owners right away. I look forward to a dark, cold world deprived of anything that makes life fun.

All because of people that think like 12345mm.



368. Post 10469276 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: 12345mm on February 15, 2015, 04:18:01 PM
i look forward to a wonderful enlightened world where the quality of life for all people is elevated and where all businesses are required by law to operate for the benefit of *people* and not for the sake of extracting profit from the society they prey upon ...

Undilutable money would be a good start. Upholding existing fair laws as well. No need to rob and shoot the productive part of society.



369. Post 10469689 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

It bears repeating: some people are going to be so embarrassed in the future....  Cheesy



370. Post 10470120 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):




371. Post 10470212 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: NotLambchop on February 15, 2015, 04:26:12 PM

If thou wilt be perfect, go and sell that thou hast, and give to the poor...

... Verily I say unto you,
That a rich man shall hardly enter into the kingdom of heaven.
And again I say unto you, It is easier for a camel to go through the eye of a needle,
than for a rich man to enter into the kingdom of God.





372. Post 10470251 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: NotHatinJustTrollin on February 15, 2015, 05:51:50 PM
So everyone reading this forum should just believe that a non scalable, irreversible (0 consumer protection), very-easy-to steal, ridiculously volatile, bullshit distributed, china megamines powered pyramid scheme currency is gonna suddenly replace every fiat currency, central bank, need for monetary policy etc?


You bitcoiners don't know how the world works have some wild imagination, I gotta give you that.

Oh well....

Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.


― Apple Inc

Stop dreaming and thus stop living.



373. Post 10470289 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: NotHatinJustTrollin on February 15, 2015, 05:56:28 PM

Yeah, but some dreams can be reasonable, some of them are plain delusions.

Yes. I like to see which ones succeed and which ones don't.



374. Post 10470414 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: 12345mm on February 15, 2015, 06:02:36 PM
... but that statement has NOTHING to do with actual tech innovation ...

A lot of progress in the past was done by people ignoring naysayers or even defying corporal punishment. I keep that in mind when reading all those troll posts.



375. Post 10470679 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.58h):

Quote from: NotLambchop on February 15, 2015, 06:28:57 PM
...
Ideas are dangerous things in the hands of children...

Not as dangerous as scissors Angry

Quote
One resists the invasion of armies; one does not resist the invasion of ideas.

Don't fight the future.



376. Post 10483834 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.59h):

Always talking down people that try to create some value. Very mature.



377. Post 10491701 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_13.59h):

Quote from: noobtrader on February 17, 2015, 05:13:27 PM
wow one big candle there  Grin Grin

Just like the old days.



378. Post 10633704 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.01h):

Quote from: inca on March 02, 2015, 06:42:09 PM
If memory serves there is at least one exact copycat of bitcoin. A different chain. Guess what - worth nothing.

Yes - Bytecoin (BTE). And guess what: it's not zero yet  Cool



379. Post 10634041 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.01h):

Quote from: thebityoda on March 02, 2015, 07:27:18 PM

Bitcoins: The Second Biggest Ponzi Scheme in History

Masses get ready to be slaughtered!!  I see blood.


Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)



Nope, no Gary North over here. No Gary North over there.

But Google got that line pretty fast (9 minutes...)




380. Post 10634058 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.01h):

Quote from: NotLambchop on March 02, 2015, 07:46:24 PM
What's going on here, gentlemen?  I leave you on your own for a few hours, and you start ...what is it you call it?  Wilding?
This doesn't foster trust, gentlemen.  Not at all Angry

We hare having a special night.




381. Post 10635333 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.01h):

Quote from: ElectricMucus on March 02, 2015, 09:38:17 PM


Spoiler: The movie ends badly for that train.

Spoiler: but freedom is regained.



382. Post 10738947 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.04h):

Not a lot of train pictures though...



383. Post 10743629 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.04h):

They were too sophisticated, organised and Photoshop- capable to be random trolls.



384. Post 10752530 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.04h):

Quote from: mcplant on March 12, 2015, 06:13:55 PM
it has now formed a double cup formation.

We know what double cups can do  Cool



385. Post 10850160 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.06h):

Quote from: coinmaster222 on March 22, 2015, 02:07:45 PM
This is the calm before the storm, gentlemen.
As I said before this is the drop before the huge rise

I am waiting.



386. Post 10964821 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.08h):

Quote from: Sitarow on April 02, 2015, 09:33:37 PM



New train meme detected...  Cheesy



387. Post 11039840 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.10h):

Quote from: Fatman3001 on April 10, 2015, 07:05:42 AM
This is weird. Where is the volume? We should be troll central by now as well. Instead ChartBuddy is ruling Da House.

We are slowly getting to desperation. Best time to buy is when Chart Buddy rules the pages.



388. Post 11256669 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.13h):

Plan still moving ahead.


From Feb 2015


Nothing changed.

The waiting is the hardest part  Cool



389. Post 11314714 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.14h):

Quote from: kenji on May 07, 2015, 07:17:29 PM
do you guys think $1k are still possible this year?

As rpitiela likes to say: the upside is much larger than the downside.



390. Post 11399613 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.15h):

Its called bottoming (no one caring anymore). Dont worry, this is actually a good sign.



391. Post 11738710 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.19h):

Quote from: Fatman3001 on June 28, 2015, 08:10:52 PM


Makes me think of this classic: https://www.youtube.com/watch?v=v9XW6P0tiVc



392. Post 11741281 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.19h):

Its commencing.



393. Post 11799685 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.19h):

Quote from: BldSwtTrs on July 05, 2015, 09:57:36 PM

And there is no way to leave the EU. The treaties don't allow that.

Just because the treaties do not provide for an exit, does not mean that there is no way. This is politics: laws or treaties do not apply (as if they would ever apply to others than Joe Sixpack...)



394. Post 11799736 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.19h):

Quote from: BldSwtTrs on July 05, 2015, 10:01:58 PM

Well, a treaty violation could be a cassus belli. That kind of stuff could escalate quickly.

Then I would have expected tanks before the ECB headquarters when they started to obviously monetizing government debts as forbidden in the EU treaty. Besides, sending tanks to Greece to keep them in the EU?



395. Post 11972315 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.22h):

If history is our guide, in this sideways market we should wait for a big dump in the daily chart which is reversed instantly. Then we will be off to the horses.

Could take months to happen.



396. Post 12111251 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.23h):

Yuan devaluation does nothing. Bitcoin is its own kind  Undecided



397. Post 12214028 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.24h):

The bounce scenario and down in about 2-3 days sounds plausible.



398. Post 12222981 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.24h):

Quote from: luckygenough56 on August 23, 2015, 10:17:34 PM
time to crack 220 ?

Crack 200 if it remains so weak.



399. Post 12251438 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.25h):

Quote from: findftp on August 26, 2015, 07:33:56 PM
I hope we can fuck this whole bitcoin system to the max.

Only if it survives all it is worth something.

This



400. Post 12474252 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.26h):

Steady she goes  Cool



401. Post 12533657 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.26h):

Even the daily speculation section activity is drying up. Must be up to something soon.



402. Post 12548405 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.27h):

I think the next two months will be favourable to the price. Weekly Stochastics @BitcoinWisdom has turned up from the bottom.



403. Post 12653935 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.27h):

Quote from: Feri22 on October 10, 2015, 09:07:39 PM
Are we all billionaires yet?  Cool

Only with Mooncoins...



404. Post 12658337 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.27h):

Top Gear: the scripted jokes are agonizing. The nice cars, JC rantings and beautiful filming make up a lot though.



405. Post 12687999 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.27h):

Slowly creeping up while major altcoins are lagging. Therefore, this just feels right again  Cool



406. Post 12767766 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.28h):

It feels like the old days.

Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.



407. Post 12768163 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.28h):

Quote from: gentlemand on October 23, 2015, 10:14:18 PM

For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

With a couple of exceptions, altland looks increasingly like the complete and utter dead end many think it is. I don't think there's anywhere near the enthusiasm there was a couple of years ago.

Thus, it may be reaching 'investment grade'. Just a little more pain and Bitcoin continuing to rise will do the trick. Human behaviour never changes.



408. Post 12783906 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.29h):

Looks a bit toppy short term.




409. Post 12825890 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.29h):

Quote from: peonminer on October 29, 2015, 11:11:31 PM



Yeah, that's man-style LTC; NOT your namby–pamby BTC.
what the actual fuck

People that aim for 3-baggers instead of lousy 10%'s gains. 5-10 baggers if you dare to touch altier alts (form PPC to obscure coins like BTE).



410. Post 12862997 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.30h):




411. Post 12874647 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.31h):

Quote from: superresistant on November 03, 2015, 09:17:49 PM



Fuck it I'm partying.


I was thinking of http://imgur.com/NcwVl7J



412. Post 12875438 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.31h):




413. Post 12875487 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.31h):

Dimitri hears of Bitcoin above $400

Where is Adam when you need him  Huh Roll Eyes



414. Post 12878345 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.31h):

Quote from: Mervyn_Pumpkinhead on November 04, 2015, 06:18:16 AM
Alert! BTC-e gasping it's final breath!  Shocked

During BTC bubbles, 3 awesome things tend to happen in BTC-E. They are called LTC, PPC and NMC. Always the best fun and profit from playing these little guys.

Could be 10-baggers  Grin



415. Post 12999435 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.34h):

Quote from: keewee on November 17, 2015, 07:29:15 PM
That hash rate!  Shocked

Indeed!




416. Post 13222520 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.37h):

Alts are lagging for more than a month allready. Cant trust this.



417. Post 13265910 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):

Nice analysis in the charts. I expect an interim plunge to $370 before continuation price rise. Indicators have weaker tops with weaker price action. Only a large buyer can save this rally.

Beware.



418. Post 13297320 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):

Next 24hrs are critical.



419. Post 13300985 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):




420. Post 13301275 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):

Quote from: LFC_Bitcoin on December 19, 2015, 10:40:31 PM
TA can't predict pumps caused by major mainstream news or whales mesding about with the market.

Exactly. No one knows the future. It's all about probabilities and TA can be useful in that respect.

Awaiting that major bull whale buy....




421. Post 13301468 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):

Charts can say anything. It's just a tool to guess probabilities.

Still awaiting whale buy...




422. Post 13307288 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):

Quote from: Wekkel on December 19, 2015, 10:13:47 PM
here

Almost crossed now.



423. Post 13307336 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.38h):

Lines crossing. Could be a reason for techincal traders to get the hell out of Dodge (for the time being).



424. Post 13416140 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.39h):

We need bubble.



425. Post 13772123 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.43h):

These long periods of 'stable' prices tend to lead to price explosions in the long run. I'll continue with HODL.



426. Post 13818639 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.43h):

Quote from: blunderer on February 08, 2016, 08:02:48 PM
i got my bids in the 320s

Could take weeks tho.

Or never happen....

BTC is holding up ok in this medium term down move (and oscillators are bottoming).



427. Post 13819082 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_14.43h):

Quote from: blunderer on February 08, 2016, 08:30:37 PM
These "bottoming oscillators" don't move the market.

Nobody argued otherwise. It's about working with probabilities. Charts may be useful (or maybe not).



428. Post 18369492 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.07h):

Looks like an excellent entry point, longer term  Grin



429. Post 18497508 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.07h):

Meanwhile, magic bean approaching $1,200 again  Grin



430. Post 18497973 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.07h):

Quote from: gentlemand on April 07, 2017, 06:07:31 PM
I think nobody around here bought BTC at $1, at least not on this forum.

They're definitely out there. It really wasn't that long ago. Whether any of them actually managed to hang on to them until now is another matter.

I've seen $1.98. With hindsight....  Shocked



431. Post 18551182 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.08h):

Quote from: gembitz on April 11, 2017, 08:41:19 PM
Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

april fools ~ :-D

bitcoinica too?



432. Post 18587008 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.08h):

Looks legit



433. Post 18649560 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.08h):

Meanwhile, medium term double top forming...



434. Post 18743976 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.08h):

Where is adamstgBit when you need him...  Roll Eyes



435. Post 18851075 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Wait for ridiculous, and then some more. And sell then.



436. Post 18943681 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Quote from: york780 on May 09, 2017, 04:30:41 PM

I will be a made guy :-)

Drommels  Grin



437. Post 18967329 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

WO-BTC pages full of heavy gifs. Yes, it is starting to feel like 2013 again.



438. Post 18967578 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Quote from: marcus_of_augustus on May 11, 2017, 05:45:50 AM
1800 - came up a little faster than I expected, as did 1500.

Beginning to run out of targets and doubling time is now ~ 3 months.

Unless we get a long slow correction or some sideways consolidation things are going to get really nutz as it blows off and nobody really knows where it will top out (3600 mid-June or 7200 early July???) ... or where it will end up on the other side of such an exponential blow-off run.

Let's say the whacky target is $10,000. After all, this is Bitcoin.



439. Post 18986218 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

RSI is pointless if BTC is about to go in overdrive. The trend is your friend.



440. Post 18992940 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Quote from: kludzins on May 12, 2017, 04:22:08 PM
RSI is pointless if BTC is about to go in overdrive. The trend is your friend.

Still RSI tells you good things.
At least it happened in past.
Look what happens after lines.



A bit rude, but what I mean to say with that:
It is an indicator, but not more than that. If you're in it for the long play (the asymmetric bet) instead of day trading, it would be better to ignore it and just add to your position over time. Best sell indicator: if Bitcoin price doubles in 1 week  Grin

RSI seems more useful in a long grind down during (multi-)year downtrends.



441. Post 18994577 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Quote from: Wekkel on May 12, 2017, 06:45:43 PM
RSI is pointless if BTC is about to go in overdrive. The trend is your friend.

Still RSI tells you good things.
At least it happened in past.
Look what happens after lines.



A bit rude, but what I mean to say with that:
It is an indicator, but not more than that. If you're in it for the long play (the asymmetric bet) instead of day trading, it would be better to ignore it and just add to your position over time. Best sell indicator: if Bitcoin price doubles in 1 week  Grin

RSI seems more useful in a long grind down during (multi-)year downtrends.

To add to this a bit more (we are here to learn from each other):



If we take an extreme RSI (87) as threshold to exit, not may signals remain left. If BTC balloons extreme, you would miss out on considerable gain. Under 'normal' price gain, the signal seems to works better, but there's always the danger of missing the next major leap up.

Current RSI top in play is not within this extreme RSI of 87. Let's see whether we bounce at 50.


zooming in on missing a factor 2.7 by bailing out too soon.



442. Post 19002663 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Quote from: talkingleaves on May 13, 2017, 11:49:33 AM

how high do you think ltc can go from here [...]?

$200?



443. Post 19009551 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.09h):

Quote from: JayJuanGee on May 13, 2017, 09:37:03 PM
and maybe we can attribute some of that bitcoin bullishness to the various alt coin (aka shitcoin) pumps? [...]  Cheesy

It seems more prudent to speak about 'major network' with first mover advantage (Bitcoin) versus smaller networks as potential runner ups because different features and more flexibility (aka altcoins). LTC is an excellent example of potential runner up with recent Segwit implementation (talk about high risk/reward right now compared to Bitcoin developer's deadlock....).

The term 'shitcoin' only reveals irrelevant bias.



444. Post 19051512 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Quote from: Syke on May 16, 2017, 04:49:09 PM
total mkt cap of crypto (available supply) will approach 100 bil $ soon  imho

Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

Sure you can.



445. Post 19080960 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Quote from: Asrael999 on May 18, 2017, 01:48:49 PM
Isn't the whole point of blockchain technology that ledger, payment method and clearing method are one and the same?
By using Bitcoin to transact via the decentralised trustless network we eliminate the need for central clearers (visa, MasterCard,Amex etc) and the need for third party bag holders - be they banks or third party wallet holders (coinbase, blockchain, whoever). Enabling peer to peer value transfer, increasing transactional capacity increases bitcoins utility and increasing utility and two way transactional flow will over time increase its value and stability far more than maintaining an artificial transactional cap.

I think it is more powerful to think of it as separating the message (the payment) from the system.  Permissionless and without identity theft. And yes, this could save a lot of middlemen activities as a byproduct.



446. Post 19108269 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

The fun only starts if doubling in one week.



447. Post 19122419 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Quote from: luckygenough56 on May 21, 2017, 09:34:42 AM
markets are completely euphoric

Not enough Ron Paul 'it's happening' posts yet. Wait until $10k this year.



448. Post 19129633 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Local seller sold out, it seems  Huh




449. Post 19143406 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Quote from: 2017Bubble on May 22, 2017, 03:53:47 PM
I think we gonna hit 10k within 3 months

This.



450. Post 19145391 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

The number of new posts in the thread is slowly heating up  Grin



451. Post 19171203 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Looking at history, BTC won't hit the craze of 2011/2013 unless it hits $10,000 this year. So $2,200 is about boring (also shows in this slow thread; you should have been here in 2013 to understand what I mean...).

Paying off your mortgage is great but the really interesting part is seeing a new paradigm being born.



452. Post 19171439 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

The lack of train gifs are indeed a real sign of the absence of a bubble.



453. Post 19175778 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Quote from: bikerleszno on May 24, 2017, 02:10:18 PM


Waiting for that $11,500.

BTW, no problems sending some BTC yesterday. Just pay the normal fee instead of dust.



454. Post 19177617 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

At this rate, we will hit $9,600 on 14 June 2017.



455. Post 19179717 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Exponential Tsunami.



456. Post 19180837 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Quote from: m0gliE on May 24, 2017, 07:23:13 PM
If only kwukduck could come tell us it's all going to crash, that would reassure me !

It will crash (and live), but not now.



457. Post 19182145 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

It's not a stock, it's a network. And hype cycles belong to it, I'm afraid (this will increase adopters and build the nessessary infrastructure for real life applications).

What is the value of a network? The number of users
What is the value of a permissionless, non-centralised open network that is the largest? I could say $1mln/token may not even be enough to capture this

But I digress: it's mainly speculation in the current phase  Cool



458. Post 19183012 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Two more doublings until $9,600. At this pace, on 14 June 2017.



459. Post 19191692 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.10h):

Calculation I made yesterday:



Assumes halving of time for price to double. Anyway, if this moves to $10,000 according to this curve, I'm out on 14 June 2017  Shocked Grin



460. Post 19210322 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

It makes a difference whether you have $1,000 to invest or $100,000.



461. Post 19210769 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Quote from: bitserve on May 26, 2017, 01:46:26 PM
It makes a difference whether you have $1,000 to invest or $100,000.

Got my point?


Of course. What I mean is that it is useless to diversify with only $1,000. Better take a well researched assymetric bet than focus on below 5% returns in a richly valued asset investment environment. If there is no assymetric bet to play, perhaps even better to keep cash and plow it in only after a stock market crash.



462. Post 19216980 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Come on, people. Keep the faith!




463. Post 19222513 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

More movement in Crypto than PMs.



464. Post 19223926 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

More pages accruing in this downfall then in the runup. I guess BTC needs to die one more time  Roll Eyes



465. Post 19225382 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Not sure whether we can hold that trendline until May 2019  Grin




466. Post 19231154 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Quote from: CoinCube on May 27, 2017, 07:49:08 PM
The best strategy for most with BTC is to buy in with the maximum you feel comfortable investing and then hold until your personal predetermined sell thresholds arrive or something fundamentally changes altering the long term potential of the technology.

I like this strategy as it decreases the risk of selling during a large dump, only to find 'precious' bouncing back with a vengeance shortly thereafter leaving you with less coins.

Set up your trade plan in advance and act on it.



467. Post 19236412 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Just to follow up on the long term weekly chart with trendline (posted earlier):



It seems a factor of about 11.7% (monthly) captures this trend line. If this trendline holds, see below the road to $10k:




468. Post 19240007 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

As long as there is more (traditional) currency flowing into cryptocurrency than the other way around, BTC price will continue to climb in the long run. I think 'Blockchain' is quite overhyped looking at what the actual applications could be but we are only at the beginning of figuring this out and a huge investment wave (and trial and error, pets.com style). We already had the VC investment rounds. If or better, when investment by the public in decentralised trust commences in earnest, hold on to your hats.



469. Post 19262261 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):




470. Post 19357409 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Quote from: FractalUniverse on June 04, 2017, 10:59:59 AM
If this becomes too big, it will shed very bad publicity on crypto world. And authorities will have one more reason for crack down and to heavily regulate everything.

Then this will move to dark corners of the Internet. As a regulator, I would be cautious giving people incentives to go System-D.



471. Post 19358740 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):




472. Post 19372101 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Quote from: Elwar on June 05, 2017, 07:10:42 AM
A tale of 3 charts.

[snip]

Its going to be epic.



473. Post 19377382 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Biblical indeed  Grin






474. Post 19379338 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.11h):

Quote from: JimboToronto on June 05, 2017, 03:16:58 PM
How long before the mainstream financial media is forced to admit that Bitcoin is for real and that this is just sustained exponential growth and not a bubble?

Fixed that for you  Cheesy



475. Post 19390844 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.12h):

I sense delays in loading the forum. Things must be heating up  Shocked



476. Post 19502051 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.12h):

Quote from: BiteMyShinyMetalAss on June 11, 2017, 10:52:04 PM
This is it. My friends that have 0 knowledge or interest in bitcoin are buying BTC and ETH... The bubble, the force of bubble is in the full mode now!

Not full mode. Otherwise, we would see doublings in a week.



477. Post 19579278 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.12h):

Quote from: Torque on June 15, 2017, 04:17:49 PM
... there is a chance for 3 chains:
BIP148
Legacy chain
Jihancoin.

Can you guess which one I will be dumping? Cheesy


Wow, so I can almost triple my money? .... kidding. Smiley

Why dump any? Etc is clearly proving that it's lucrative to just hold them all.  Smiley

Exactly, and meanwhile automatically receive Byteball on your Bitcoin while enjoying the show. Such drama.



478. Post 19658241 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.13h):

Quote from: bitserve on June 19, 2017, 09:21:26 PM

In next 24/48 hours we will probably see enough signaling for Segwit2x to pass (80%) and if all goes well it will be near 100% before activating day.

And then?  Grin

[fill in meme of choice...]



479. Post 19715309 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.13h):

Quote from: JimboToronto on June 22, 2017, 04:32:12 PM
[...]while the concept of smart contracts and his mining algorithms fascinated me, I found the concept of pre-mined coins to be sleazy, so I took a pass.

With Bitcoin I feel I'm doing something good for the world.
[...]

I am in the same boat. No coin cap and/or software defined rules on it -> not interested. So I passed on ETH but I am happy that I can use it now for specific purposes (AKA, if investors want to jump into ICOs creating tech for the future, I have no concerns. There will be some big wins but also BIG LOSSES).

Bitcoin is simple and pure



480. Post 19719348 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.13h):

Quote from: conspirosphere.tk on June 22, 2017, 08:51:10 PM
BTC Now vs. 2013 by @ECantoni
https://www.tradingview.com/chart/BTCUSD/IX1pOLmC-BTC-vs-2013/



Comparing mega bubbly 2013 with soft run up 2016-2017.

I am a little disappointed  Grin



481. Post 19742558 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.13h):

Quote from: Nekrobios on June 23, 2017, 11:35:16 PM
Watch closely. This is how death begins.

Not death but diversification of the ecosystem.



482. Post 20124006 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.13h):

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please  Kiss



483. Post 20139811 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.13h):

Doing some thinking of my own (on a Friday....): https://steemit.com/bitcoin/@wekkel/bitcoin-chart-analysis-14-july-2017-compressing-further-downwards

Looking forward to a big buy opportunity at around $1,800-$1,600.



484. Post 20962971 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.18h):

Quote from: conspirosphere.tk on August 17, 2017, 04:48:19 PM
The mystery for me is why BTC still rules, given that there are technically better alternatives

First Mover Advantage (and Bitcoin had a 'clean' start instead of being an ICO).



485. Post 21192525 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: ghandi on August 25, 2017, 11:14:19 AM
Bitfury mines a block over 1MB
https://blockchain.info/block-height/481947

Can anybody explain why this is possible and valid? Segwit should only make room for more Transactions, but doesn't change the Blocksize cap?

Only Segwit2x would allow bigger blocks?

I cannot find a simple explanation quickly, but I understand that, first of all, Segwit is compatible with the old chain. So Segwit can work with ordinary blocks and new types of blocks (containing more information that an ordinary block). I understand that in essence, a block - think of it as a box - is made more empty so that more transactions fit into it, by cutting off a signature part that in the ordinary block takes about 50% of all space. Such modified block can contain more transactions and thus would lead to a higher tx/s limit.

I have not found an easier explanation than this article: https://segwit.org/understanding-segregated-witness-905cc712c692

Questions I still have is whether Bitcoin integrity is harmed by cutting off a signature part of a block and how the new type of (Segwit) blocks and ordinary blocks (Core) co-exist. The comments under the article also pose that question (without answers for now).



486. Post 21197740 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Kunlejoe0 on August 25, 2017, 04:11:19 PM
Lol   looks like someone's decided they want to swap back there bch back for 70 btc on bittrex
BCH causing so much instability!

No. Free money and some experience with larger blocks. We've got freedom (anyone can fork Bitcoin) and just have to deal with it.



487. Post 21199555 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: x2666 on August 25, 2017, 05:17:58 PM
Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

Then fork it and remove patentware.



488. Post 21203175 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: harrymmmm on August 25, 2017, 07:05:09 PM
Another overnight push. Loving those at the moment.  Grin

Does anyone have a list of airdrop Alts that can still be claimed with my private keys?

I'm not sure how many airdrops are running out there, but these are confirmed running right now:

Stellar Lumens - LAST date 27th Aug
https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Byteball - next round on 6th Sep
https://byteball.org/

Bitcore
https://bitcore.cc/

(And of course, the usual BitCH coins, if you've not already claimed them)

People love these free money things

Bitcore is not worth the hassle.



489. Post 21204517 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: fluidjax on August 25, 2017, 08:31:59 PM
Bitcore is not worth the hassle.


ByteBall airdrop has been reduced to 1/10 of previous amounts in the next round.
Which is only 0.00625 GB / BTC
Current ByteBall price is $356/GB, so

1BTC yields about $2.22

 

Byteball airdrops have been reduced indeed. I admit that I set up my link to BTC before that, so I no longer have to do anything for the further airdrops.



490. Post 21286500 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Torque on August 28, 2017, 04:19:38 PM
Oh snap, gold just forcefully broke through 1300 resistance. Shits going down.
https://goldprice.org/

Translation:  a price point arbitrarily picked by PM authors gets crushed and nothing changes in the overall state of affairs. FUD sells.

Nothing personal but I see this mechanism being played out since 2005 when I got interested in financial markets.



491. Post 21286832 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Torque, what would be the purpose of that? What kind of coins DO they promote?



492. Post 21288271 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Depends on your whereabouts.



493. Post 21305783 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Spike to $4,800 imminent?



494. Post 21317923 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Masterluc's parabolic spoke to $30,000-40,000 is slowly developing.



495. Post 21375776 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

$10k estimates for this run will prove too low.



496. Post 21379858 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: rjclarke2000 on August 31, 2017, 12:08:19 PM
ATH and no one really gives a shit. Got to laugh at this.

Wake me up at $15k .... seriously...



497. Post 21401751 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Karartma1 on September 01, 2017, 06:28:51 AM
You might find the following spreadsheet so amusing and so interesting!
Bitcoin is becoming a giant among others
https://docs.google.com/spreadsheets/d/1TWKh5qfrvXywRV0jhTKjiK6LZTU8BkUbMhSvqqGeZ_8/pubhtml#

 It says 'error' on the line of crypto currencies.



498. Post 21403717 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

I think Risto has experienced a roller coaster in his head and some wild swings in his personal affairs. I hope this picture can be deleted from the Internet as it does no service to the man.



499. Post 21405594 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: ghandi on September 01, 2017, 09:29:09 AM
That's what bothers me the most. Yeah, the rises are steep, but steady. Thats diffrent from the past...

This means: no bubble yet. Just like in the past.



500. Post 21412937 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

As I said, moving towards a parabolic move in a parabolic move.


 



501. Post 21435442 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Looking at history, we are not in 2013 bubble territory yet. Just sit tight.




502. Post 21450443 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: FractalUniverse on September 02, 2017, 06:09:38 PM
Reading from my tea leaves weekly bitcoin chart, I predict at least one big red candle in september. my bet is that we'll have a look below 4k. and if its deep enough i would finally be able to buy back some Smiley

A good push down would be great to do the TenX Play.



503. Post 21450547 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: JayJuanGee on September 02, 2017, 08:10:01 PM
It seems quite strange that we continue to have goldbugs coming into these bitcoin threads with their hard-ons for gold and pms, and holy fuck has bitcoin been outperforming pms in the past couple of years... holy fuck, holy fuck!!!

Not intended to promote the swearing  Grin but the Gold camp seems desperate to point out how Gold is 'better money' these days. They could be right but as an investment opportunity, how can they leave their readers in the dark so much with this 'one chance in a lifetime' opportunity staring them in the face?

See:
https://steemit.com/bitcoin/@wekkel/bitcoin-vs-gold-debate-intensifies
https://steemit.com/bitcoin/@wekkel/gold-camp-keeps-clubbing-bitcoin-they-wish

This without even mentioning the fact that cryptocurrencies have certain superior characteristics compared to fiat.



504. Post 21462404 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Quote from: spiderbrain on September 03, 2017, 06:32:33 AM
Thoughts?


A break out on the upside would make sense from the perspective of an acceleration in the exponential price increase. In other words: commencement of the early stages of a 2017 bubble  Cheesy



505. Post 21469299 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

I can remember issues with exporting PlayStation 2's because the tech was considered powerful enough to guide missiles. The problem is that we have relatively open borders which cannot be shut down completely without serious economic effects. It is either security or freedom. And we all know that choosing security over freedom means no security and no freedom in the end  Grin



506. Post 21489284 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

My own experience is that trying to guess Bitcoin tops in these once-in-a-few-years rallies results in tears of missed gains. But the HODL-ers will be thankful.



507. Post 21498247 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

Regulators regulating. Hardly news. Serious ICOs will play by the rules. If there is any hurt from this, it will be bogus projects that were not viable anyway. The shift would return focus to currencies. I doubt it will impact Bitcoin much other than some short term volatility.



508. Post 21507133 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.19h):

With every dip Bitcoin becomes stronger.  The attention of investors will switch back to building infrastructure for currencies and not for initial coin offerings. The projects with a real proposition will remain and continue building their blockchain application. In short, better to have this shit storm now than in 2 years.

Meanwhile, the market desire for anonymous coins like DeepOnion and exchanges continues to be advertised by actions of governments all over the world.  Digital Commerce is inherently free and continues to push the boundaries of existing legal frameworks.

And Bitcoin? Honey badger doesn't care.



509. Post 21556729 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

I see a lot of intelligent exchange of arguments. That means we can't be in a bubble extreme yet  Grin



510. Post 21591049 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

The whole BitcoinCash/BTC fee discussion is moot. I bet most altcoins can do transactions cheaper than BTC. That's not the point.



511. Post 21634009 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

Quote from: Meuh6879 on September 08, 2017, 11:31:53 AM
Quote
Bitcoin, coming up next 🚀 SegWit effect 🚀 Lightning in action 🚀 Free S2X tokens 🚀 Schnorr 🚀 MAST 🚀 ETF approval🚀 More users 🚀 ...

And many more !

https://bitcointalk.org/index.php?topic=1869168.0

The linked thread is French. Therefore I post the direct link to the outside article here: http://bitcoinist.com/national-crypto-never-beat-bitcoin/

Core message:
Quote
National cryptocurrencies will never be able to compete with Bitcoin because no one will trust a system that requires advance permission from and which is controlled by a government to use it.

For governments that try otherwise, there is DeepOnion, Dash, Monero, etc. Letting go of all behaviourally learned stuff, this cryptocurrency thing is simply superior.




512. Post 21638458 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

It is just exchanges closing, not Bitcoin 'closing'.



513. Post 21639570 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

It is just time for a deeper correction, nothing more.



514. Post 21640906 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

I think that the chances for a deeper correction have increased considerably. Of course, adepts see this the right way: buy time (but first the drop).



515. Post 21660051 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

 Just like the bitcoin obituaries site, we need a site listing all banning of bitcoin.  Especially the successful ones  Grin



516. Post 21734705 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

MAST: Google is your friend

https://www.coindesk.com/inside-mast-little-known-plan-advance-bitcoin-smart-contracts/
https://www.coindesk.com/master-plan-better-bitcoin-smart-contracts-go-live-year/



517. Post 21770070 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

Owning the horse is more profitable....




518. Post 21773310 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):



Little Honey Badger 'Bitcoin' is asleep while bad bad Demon hisses and smokes.

Waiting for Little Honey Badger to wake up again



519. Post 21773856 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

Quote from: d_eddie on September 12, 2017, 10:23:57 PM
I would like to take this moment to congratulate myself on becoming legendary today.

I have been spouting bollocks for 3+ years and pretty much none of it is of any use to anyone so well done me.

i am a mean hodling mother f**ker.



Congrats, RJ! A legend!  Cheesy

Your need for a strong HODL will only become bigger. Sit tight.



520. Post 21804377 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

Quote from: JimboToronto on September 13, 2017, 07:20:33 PM
Ban ores...

You mean metal precursors?  Cheesy

No, pet rocks. Probably a fad too according to a certain bank CEO.



521. Post 21805613 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

Quote from: Wexlike on September 13, 2017, 08:11:42 PM


wtf!

Bitmain seeing the light?



522. Post 21841670 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

Buying with both hands. This is a nice dip in the 3-day chart, but if it bounces instead of going way lower now, we can expect another move down the next 4-6 days.

So keep some extra buying powder dry for those whipsaw moves.



523. Post 21842561 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.20h):

This is a major Bitcoin buy (and sell) site in the Netherlands.

Dry as a desert all evening... the Dutchies are buying this dip with hands and feet....



3-day price chart with my thoughts in link: https://steemit.com/bitcoin/@wekkel/bitcoin-buy-sites-bleeding-dry-by-buyers



524. Post 21852450 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

It seems the price is attempting a first little bounce, It is still a small move upwards, but if price holds during the day, confidence will return.



525. Post 21861322 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

We are waiting for a resolution of this big push into the red. Since the move has reached extremes, I would expect a bounce now. But Mr Market is always right in the end. If enough humans got scared, that does not suddenly go away. They will come to their senses only one by one.

In that respect, some sideways action, even just for a day, may lead to all emotions simmering down a bit.



526. Post 21867818 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: aesma on September 15, 2017, 02:33:43 PM
I expect an statement from PBOC next Monday saying they will work closely with Ripple Labs and make BCH the only legal and official crypto currency in China.

That will be the point of max pain.  Cheesy

Closing exchanges doesn't affect just BTC. It means cryptos are not welcome in China.

It means: underground economy forming. Too late to stop this.



527. Post 21872741 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: conspirosphere.tk on September 15, 2017, 05:22:46 PM
Profits are profits and I prefer to take my profits in Bitcoin.

and still you're hodling that altcash thing. True BTCers dumped that shit on day 1.

No, a day close to $900  Grin

After Gox, everything seems like a smooth ride.



528. Post 21876228 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Bitcoin obituaries rising again: https://steemit.com/bitcoin/@wekkel/bitcoin-bashing-will-it-ever-stop
And a positive message: http://www.safehaven.com/article/44720/why-will-bitcoin-succeed-how-about-saving-140-billion-in-bank-fees



529. Post 21878106 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: ragnar0k on September 15, 2017, 08:47:54 PM
You "can't" buy all ... because, only a FRACTION of Bitcoins are available to buy ...  Cheesy
But since not everybody is a HODLer that fraction we hold will be slowly eroded away...

But price would go sky high. And that is not want they want happening. The Cramer dude would be all over it.



530. Post 21928667 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Elwar on September 17, 2017, 12:18:53 PM
In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  Undecided

I fear another 2 year bitcoin hibernation period before much more amazing prices. We have lived through that 4 year cycle a few times already, I have little doubt it won't happen again.

I'm still holding though. But this time I will not have a job when it hits the 2 year low to buy all of those cheap coins.

I am more optimistic, but a sideways scenario for 6 months cannot be ruled out. It happened before (and can happen again). No sweat, the train (cryptocurrency adoptoin) keeps moving anyway.



531. Post 21970396 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: BobLawblaw on September 18, 2017, 03:09:01 PM
*sigh*
More PBoC FUD.
And down she goes...
Source please?

https://www.wsj.com/articles/china-widens-bitcoin-crackdown-beyond-commercial-trading-1505733976?mod=e2tw

So I am supposed to subscribe for receiving my daily FUD?



532. Post 21971188 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

I was told cheap coins?  Shocked Roll Eyes



533. Post 22009079 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Most of the time, good is good enough for nature. It won't be any different for cryptocurrencies. Anyone waiting for 'perfect' decentralisation will wait for a long time. Meanwhile, the rest of the world moves on and enjoys the fruits of this new technology.



534. Post 22009415 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

The 'right to issue currency'. Yeah, right  Roll Eyes



535. Post 22026087 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: JimboToronto on September 20, 2017, 05:28:07 AM


I know where I think we are Tongue



 Grin

This.

Enjoy the ride  Cheesy



536. Post 22045040 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Samarkand on September 20, 2017, 06:17:04 PM
Let´s get back to talking about Bitcoin.

[...]

What are your thoughts on this distribution?


How many large balances are dormant (and perhaps abandoned)? This graph does not mean much to me.



537. Post 22045253 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Last of the V8s on September 20, 2017, 06:32:32 PM
...

please could you put the text on archive.is or a pastebin?

https://pastebin.com/wXBgpf28

You´re welcome!  Wink
https://archive.is/ZJChP

many thanks Grin

btw some people on twitter unsure if article is entirely genuine. time will tell
time told: backup http://satoshi.nakamotoinstitute.org/emails/cryptography/5/
http://diswww.mit.edu/bloom-picayune/crypto/137796
 Cool

"But good lord, what we started."

The concerns about people doing ICOs seem small in terms of what the broader perspective is. An change in how we, humanity, trade value and organise one of our most important binding elements in society, our currency. But the guy cries about ICOs  Huh

But perhaps I am mistaken and have not understood his concerns correctly.



538. Post 22046297 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: practicaldreamer on September 20, 2017, 07:13:47 PM
'[...] besides, it was too depressing.'

I am sensing some strong convictions about what freedom should be all about.

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.



539. Post 22048906 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: practicaldreamer on September 20, 2017, 07:38:50 PM


But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.



540. Post 22049760 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Ludwig Von on September 20, 2017, 09:46:53 PM

So basically, bitcoin is the gold(light) that will serve as the reference, backing, of the future transactional means, currency, contracts etc?

For now, that seems the most probable scenario to me.



541. Post 22067183 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):



Nope, no '2013 bubble' yet.



542. Post 22081505 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

As long as there is nothing around that clearly trumps Bitcoin, I do not foresee it wither away, whether going to $2,500 or $500 short term. Transferring 'value' over the Internet is simply to powerful to go away soon. This will not be uninvented and left for death.



543. Post 22111169 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Whatever it is, Bitcoin bites off any hand that tries to 'close it down'. All the negative news lately serves one thing and one thing only: more awareness of this unstoppable thing. It's logical.



544. Post 22114189 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: moneymaker11 on September 22, 2017, 04:05:03 PM
I think we're heading towards a new low. It feels worse getting there slow and steady than a flash crash that rebounds instantly though.

I don't know whether it will be a new low but it sure looks like we will see red this weekend. Probably another damn good short term trade opportunity.



545. Post 22115974 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

Quote from: ParabellumLite on September 22, 2017, 05:10:33 PM

Whatever happens, governments can effectively crack down on Bitcoin and other crypto if they'd like. There is no need to take down the network in order to make that possible.

crackdown != shutdown (or, as more popular these days, 'close down'  Grin)

Yes, problematic in terms of adoption
No, it won't stop the cat that's out of the bag




546. Post 22131488 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

All I know is that long term HODL is the best strategy for us humble peasants. And that growth of cryptocurrencies is not done yet.

No quant theory needed.



547. Post 22132445 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

He said down, not that BTC isn't a good long term buy.



548. Post 22141474 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

First $10k




549. Post 22144321 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.21h):

At this stage, I doubt they would have much customers paying with Bitcoin. It makes no sense for them at this moment.



550. Post 22181464 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: centralbanksequalsbombs on September 24, 2017, 06:32:52 PM

Bitcoin, systemically, is free from these burdens.[/size]


To rhyme with this article, Bitcoin:

The price of Bitcoin should be much higher and the rate much more stable before both these elements become more prevalent. Bitcoin is taking baby steps in that direction on its journey to a grown-up currency.

And debt denominated in Bitcoin will probably never be very popular, because monetary inflation will - in the end - be nearly absent.



551. Post 22216740 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: JayJuanGee on September 25, 2017, 07:22:10 PM
BTC-related strategies: 1) accumulate and 2) HODL)   Cheesy Cheesy Cheesy   Wink

After all these years, I just learned that. HODL, never sell. The only action allowed is accumulate (preferably when price is weak).

But I will become more active again when my TenX card arrives. I am going to add my small contribution to the growing pool of people that actually spend cryptocurrencies in day-to-day life. Holding in crypto, spending as fiat, seamlessly.



552. Post 22266589 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Because the market is dull at the moment, some reading pleasure: https://mobile.twitter.com/marting/status/910706119479246848?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fhackernoon.com%2Fmedia%2Ff55c1c16d2477c4e7ce3d54b81b9d4e6%3FpostId%3De794cf33c5b2

Can you hear that (mainstream) wave coming?

HODL everything.



553. Post 22275704 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: marcus_of_augustus on September 27, 2017, 10:54:07 AM
https://www.techinasia.com/japanese-gaming-giant-nexon-buys-south-korean-bitcoin-exchange-korbit

game on!

gaming companies becoming crypto-banks, in-game currencies/tokens competing with fiat ... shit's getting weirder than fiction and the 'pros' don't know which direction the next blindside is coming from

This sounds just like an evolution of the Magic the Gathering -> MtGox cycle. No complaints if Willybot plays along as well  Roll Eyes



554. Post 22287724 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: mfort312 on September 27, 2017, 04:29:54 PM

The last 10 floor to floor Bitcoin doublings since Nov 2012.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)


$25k will be a Breeze. Yes, you can quote me on that.



555. Post 22324360 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: Arriemoller on September 28, 2017, 02:37:04 PM
80 000 by the end of next year is not impossible [...]

I like people who predict BIG  Grin



556. Post 22336000 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Bitcoin is a better story in terms of currency. Transparent, decentralised and permissionless. Global, agnostic and, for the considerable future, rising like a meteor.

It will continue to attract more and more people trying to evade the current financial system that is reeling under debt and looming destruction of value. It can't be stopped so it won't be stopped.

You're still early, so hang on....... hang on and HODL for dear life.



557. Post 22444265 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: 404Revolution on October 01, 2017, 06:58:29 PM
Remember back when the Wall Observer Thread was worth reading?

Yeah, me either.

For you  Kiss




558. Post 22444724 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Quote from: conspirosphere.tk on October 01, 2017, 07:31:17 PM
Remember back when the Wall Observer Thread was worth reading?

Yeah, me either.

For you  Kiss

https://i.imgur.com/OIdFCWH.jpg

If both of you were wise you would have posted some funny gif to elevate the tone of the debate.

I consider it a flashback to happy times. Don't know whether you have negative feelings when you see that pic. Apologies if that's the case.






559. Post 22732293 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.22h):

Close to ATH and no Chu Chu in this thread. It is remarkable that Bitcoin proved so resilient and - looking at the absence of any strong emotions in this thread - we are getting used to it  Cool



560. Post 22870219 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

All I all, a very good performance out of the depths of a major 'Dimon' correction. Honey Badger is on the roll again and it always feels good to have dumped a fork at 3x the current price. Happy times around the corner.



561. Post 22916989 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

It is not very interesting until we have a doubling within one week.



562. Post 22927388 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

This smells like $10k faster than you know.



563. Post 22930261 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

Quote from: RoomBot on October 12, 2017, 10:03:55 PM
I remember when free BTC faucets dispensed mBTCs  Grin

I remember mining 0.25 BTC a week. Stopped because the wife complained about PC humming at night.

Oh well  Shocked Kiss



564. Post 22940592 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

Quote from: BlindMayorBitcorn on October 13, 2017, 04:13:09 AM
Can someone tell me what's the deal with alt coins? Are they holding their $ value? Or is it as bad as it looks?

If we get another Classic Bitcoin Bubble, the Alts will languish for a while and suddenly spike upwards like nothing else. In such scenario, I give the spike upwards 2 weeks to begin. These will be millionaire making movements if you invest heavily in Alts.



565. Post 22941032 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

It will become interesting when the price doubles in one week.



566. Post 22997853 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

We are on our way to a quick and cool doubling: $5,000 to $10,000. Do not sell too soon.



567. Post 23031523 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):



No Bubble Yet, gentlemen  Cool



568. Post 23153081 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

Meanwhile, I made a BTC payment today from exchange to wallet and forwarding the payment immediately from wallet to 2nd wallet.  Normal fees.

No problemo.

Bitcoin is doing great  Cheesy



569. Post 23195656 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.23h):

Quote from: ivomm on October 18, 2017, 04:18:03 PM
This is a spectacular comeback from 5114 to 5400 on bitfinex  Grin Woe to the weaklings who sold at the bottom  Shocked

As always  Grin



570. Post 23294736 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Wait for the doubling of BTC price within 1 week. That is Willy Bot's signal to sell _Everything_  Roll Eyes



571. Post 23308305 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Are we posting child pictures now?  Huh



572. Post 23326028 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Quote from: conspirosphere.tk on October 21, 2017, 03:22:22 PM
Here's another one for a top before 6800. But what's even more interesting is where the next drop is expected to fall:



Ending too soon. It will only become tricky once BTC price doubles in 1 week. Wait for it  Grin



573. Post 23329799 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Wait for that price doubling within 1 week. This is when HODLing counts.



574. Post 23484765 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

A correction of nothing and we see pants being wetted again. Nice for traders but uneventful for HODLers. It will get interesting once the price doubles in 1 week. We are not there yet.



575. Post 23606498 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Meanwhile, price is holding steady, ready for a pump into the $6,000s again. Decisively, this time. We have been building the biggest base ramp ever for a massive spike upwards in the medium term. I would not be surprised if it would hit $50k or even $100k in that spike.

HODL right now is key.



576. Post 23801326 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Quote from: pfrtlpfmpf on October 31, 2017, 06:26:08 AM
It can´t be.
I just said 100 Bitcoins, and nobody has anything to say ? I´ll lay myself to die then.
This forum is fkd up ! !

Wait, i´ll convert that back into my currency:  WTF ? ?


Nobody is interested in your private feud with Poloniex.

Exchanges mean trouble. We all know.



577. Post 23835377 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Quote from: AlcoHoDL on October 31, 2017, 06:45:13 PM
[...] that's no CCMF!

We need to work harder on the expression CCMF.



578. Post 23835494 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Quote from: Meuh6879 on October 31, 2017, 06:46:23 PM


Source : http://www.zerohedge.com/news/2017-10-29/100-billion-dollar-babies

We are just talking about an independent economic layer for the Internet. I mean, what could that possibly be worth....  Roll Eyes



579. Post 23841990 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.24h):

Patiently waiting for that spike upwards (at least a doubling within one week). Until then, it is still HODLing time.



580. Post 23887185 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Still waiting for that 'flippening'.

And 2nd Airdrop ETHD of course  Grin



581. Post 23892057 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: Neo_Coin on November 01, 2017, 06:07:10 PM

Everything that goes on, sooner or later comes back down.


I guess the Internet went down as well, not to speak of the combustion engine. But in all fairness, bubble peaks will also bring bear throughs. But I see no bubble yet. First we need to hit $25k, and soon.



582. Post 23894026 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: BobLawblaw on November 01, 2017, 08:42:30 PM

All I know for sure is, over the last few years, GLD has been the single worst performing asset in my portfolio.

Even Mooncoin probably did better than Gold. It seems utterly dead.



583. Post 23899247 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: Rosewater Foundation on November 01, 2017, 11:16:24 PM
This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.



This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

I know I am holding and I know when I am folding.

Wake me up when price doubles within one week  Kiss



584. Post 23911185 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

It is slowly developing some frenzy now. But by no means a true frenzy yet. No sale before $25k  Roll Eyes



585. Post 23920881 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: bitserve on November 02, 2017, 09:23:37 AM
This is getting ridiculous... in a positive way.

There is almost no resistance above $7000

To use Bruce Lee terms: 'there never was any resistance to begin with...'.

It is all in our heads.



586. Post 23925703 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

The only question is: will it peak at $25k, $35k or above $50k  Roll Eyes



587. Post 23931772 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: rjclarke2000 on November 02, 2017, 12:53:29 PM
The only question is: will it peak at $25k, $35k or above $50k  Roll Eyes

You mean after the resolution of the next forking shenanigans, right?

Right now we are getting preforking pumps, and then we will likely get post forking pumps...

gosh?  I am thinking more on the lower end of your three scenarios.. but maybe I am just not bullish enough.. ?


I need to up my game.

I used to be one of the most bullish and I can't get my head around anything over 2k. My brain doesn't compute.

25k wtf?? I'm not sure if I am drinking too much coffee or whether I'll eventually find out that near miss I had 2 years ago knocking myself out wakeboarding wasn't a near miss at all and I've been in a coma. I'm sure I'll wake from it soon and see bitcoin at $300 again where I left it.

Or is this real??

Or am I dead?

I don't know anymore.


You are looking at a commodity style market about to hit bottom in terms of available coins vs demand. That is what caused the big 2013 spike and what is about to cause the big 2017/2018 spike.

Like the Hunt brothers cornering the silver market.

Besides, think BIG or go home  Cool



588. Post 23953418 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: Arriemoller on November 02, 2017, 05:28:03 PM
The 2013 spikes were caused by a Mt Gox bot, it had nothing to do with supply and demand.

Like I care. $25k or no sale.

Back to you, Jim.



589. Post 23990057 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: BitcoinNewsMagazine on November 03, 2017, 03:18:30 PM

No problem here you go:



I doubt it won't go parabolic within logarithmic before.



590. Post 24073202 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: Sukovsky on November 05, 2017, 11:57:37 AM
I'm actually completely bored with this bull run.

It won't become interesting until we double in price within one week. Could be this November, could be later on.



591. Post 24083177 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: mmmmyah on November 05, 2017, 05:16:07 PM
Predictions: 16K by 2018, 100K by 2025. What do you guys think?

16K 2018 is positive, but doable (looks like we go bubble again soon).

100k by 2025 is much too conservative. That would be 7 (!) agonising years with not much happening to Bitcoin except for dribbling higher.



592. Post 24091589 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: lightfoot on November 05, 2017, 08:57:11 PM
Meantime I called my dad and asked him to check with his Porsche buddies on which Lambos would be good to have in the driveway. [...]

A Countach will complement the 959 just fine.




593. Post 24094824 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Bitcoin will not care about what happens to its price.



Manipulators' actions won't persuade me from holding until we reach market extremes again. We are not at extremes yet.



594. Post 24125102 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

I think more of hitting $25k and beyond with a subsequent crash of at least to 1/3rd and more probable 1/4th of the ATH. Trade accordingly.



595. Post 24141022 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

People in the Wall Observer Thread discussing a price decline.

This decline:


I say: what decline?  Huh

 Roll Eyes



596. Post 24238375 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.25h):

Quote from: Torque on November 08, 2017, 02:38:25 PM
Yes, but what if all those billions of users could just login to FB 2.0 using their legacy FB credentials? Wouldn't that be tempting? Wouldn't you do it, just to try the new system?

And how much value would this have to you if there were 40 separate forks? 400 forks?

We are about to find out  Roll Eyes



597. Post 24396698 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.26h):

It looks like another opportunity to load up the truck. Rinse repeat.



598. Post 24425649 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.26h):

Quote from: FractalUniverse on November 11, 2017, 09:54:26 PM
One side will be wiped out.
No, this is more like a total war.There will be radioactivity and fallout falling on scorched cryptoland

Such drama.

If Bitcoin would be fatally hurt by all this, it would not have survived anyway.

It’s called the Honey Badger and that is a feature, not a bug.



599. Post 24440492 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.26h):

Good luck BCH, you will need it  Shocked Grin



600. Post 24531987 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

Quote from: Ibian on November 13, 2017, 09:09:30 PM
From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?


Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value
Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.



601. Post 24533258 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

Quote from: Ibian on November 13, 2017, 09:21:32 PM

there is no skill behind making a block bigger. zero innovation. no skill = no value
Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.
Feel free to elaborate.

Bigger blocks does not make the sum that comprises Bitcoin necessarily better. One could make a Bitcoin clone with 2second block time and call it better or with 1GB blocks for that matter. But the trade off involved cannot be ignored if contemplating about this diligently. The BCH ‘solution’ does not scale, only temporarily postponed the issue.

And finally, but that is just personal, I do not like how these boys behaved themselves in this matter. Bitcoin Gold on the other hand....



602. Post 24534188 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

Quote from: Ibian on November 13, 2017, 09:52:45 PM

there is no skill behind making a block bigger. zero innovation. no skill = no value
Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.
Feel free to elaborate.

Bigger blocks does not make the sum that comprises Bitcoin necessarily better. One could make a Bitcoin clone with 2second block time and call it better or with 1GB blocks for that matter. But the trade off involved cannot be ignored if contemplating about this diligently. The BCH ‘solution’ does not scale, only temporarily postponed the issue.

And finally, but that is just personal, I do not like how these boys behaved themselves in this matter. Bitcoin Gold on the other hand....

We need more throughput. It is that simple.

I will rephrase: we need better solutions. Just increasing block size isn’t. So we remain stuck where we are right now until a better solution is found. All part of the trade off in a decentralised system.



603. Post 24621901 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

BCH, where are thou?



604. Post 24634555 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

Quote from: pfrtlpfmpf on November 15, 2017, 04:02:32 PM
I just made my last entry point. Thank god. Don´t believe in gods, but i believe in 10000. and then in 100000. Mc Affee has it right.

Tell me one reason, why not !


That’s right, bro.

Nothing is stopping us now.



605. Post 24673518 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

Quote from: toknormal on November 16, 2017, 10:28:31 AM
Crazy.

350 sellwall placed on Stamp. Immediately bought.

Why ?


Because it’s time.



606. Post 24685092 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

But shovels were in major demand while Gold was not necessarily found.



607. Post 24780543 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

I would rather want a 2013 year with BTC spiking to $100,000. Gotta keep the perps on their toes  Roll Eyes



608. Post 24786718 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.27h):

Quote from: ruphej on November 18, 2017, 11:59:29 AM
BCH is much more centralized? In what?

Stupidity.

And hubris.

 Grin



609. Post 24847275 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Quote from: RealMachasm on November 19, 2017, 03:06:55 PM
Here, let me try.

FUCK OFF Ruphej.

Better to put him on ignore and don’t quote him.



610. Post 24852222 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

You missed users pumping up their post count with .... nothing. They have found the Wall Observer thread, unfortunately. The BCH feud was more entertaining.

Anyway, BTC price is holding up fine. This one should be a push to break $10,000 the next six weeks. We are slowly but surely moving into ‘parabolic within parabolic’ territory. But I do not think of letting go. For that to happen, I should at least experience a doubling of the price within one week. Only a 2013 spike will spark some interest to sell some.




611. Post 24859768 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

I guess the road to $194,xxx has been opened.



612. Post 24866176 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Because you have some trouble with an IOTA withdrawal, you urge the rest of the world to leave Bitfinex?

Apparently, IOTA is still a bit too BETA for your nerves (or cryptocurrencies in general). Get a grip.



613. Post 24877161 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

‘Shorting’ and ‘Bitcoin’ in one single sentence, now that’s funny  Roll Eyes



614. Post 24921016 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Quote from: bikerleszno on November 20, 2017, 08:40:58 PM
[...] It will grow much more than this Smiley I bet on 20000$ - 50000$ per bitcoin in 2018 Smiley Mark my words

Hereby marked in stone. I also expect a large spike in price if this 'trend' with 'parabolic within parabolic' movement continues. See some 'loosely' crafted graphs here: https://bitcointalk.org/index.php?topic=1161207.msg24645375#msg24645375

It has all the hallmarks of a repeat of the 2013 bubble with huge appetite in a very small market with short supply of precious Bitcoin. You can have them, but at an increasingly higher price. The decentralised economy is picking up steam.



615. Post 24923374 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Quote from: jojo69 on November 20, 2017, 09:42:55 PM
I'll probably just leave the poll for now. I could add more options, but that would screw with the final results.
wow you are the one that started this thread back in 2013...you must be a billionaire by now lol

no, he took it over from Adam as I recall

I rather miss Adam

I hope Adam will see the magic moment:




616. Post 24925211 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Quote from: vortex1878 on November 20, 2017, 10:34:08 PM
Because you have some trouble with an IOTA withdrawal, you urge the rest of the world to leave Bitfinex?

Apparently, IOTA is still a bit too BETA for your nerves (or cryptocurrencies in general). Get a grip.

You, Sir, with all due respect, are an ignorant idiot.
Not going into technical details, go figure out yourself. BETA... I shall get a grip?!

On another note: My Iota withdrawal has been pending for well over 26 hours now after approval.
No reply to my support ticket. No reply to my repeated replies to the same. At best they are running a fractional reserve.

I encourage everybody to at least try to withdraw everything from Bitfinex.
User Wekkel, however, I encourage to deposit everything to Bitfinex, you stupid fucktard.

I still cannot see anything but your personal troubles with IOTA.

But keep tying your personal issue with IOTA/Bitfinex to demanding a full user shutdown of Bitfinex. Talking about fucktard ....  Roll Eyes



617. Post 25011724 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Meanwhile, alternatives for holding fiat are popping up on small scale. With TenX-like products, one can hold cryptocurrencies instead of fiat, while being able to spend seamlessly in day-2-day life with a bank card.

Right now, the volatility of cryptocurrencies is breath taking so I do not see it as an alternative for fiat (unless you know the game and expect the overall movement to be upwards the next few years). But at some point, cryptocurrencies will be large enough and spread out sufficiently to become beacons of tranquillity compared to fiat.

At least, that is the proposition if cryptocurrencies are supposed to solve a real problem.

Meanwhile, with the first steps into merging cryptocurrencies with the fiat currency world, I can work on my TenX Play.



618. Post 25103862 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Quote from: vortex1878 on November 23, 2017, 07:58:42 PM
Here comes your unwanted Radix shill again...
https://www.youtube.com/channel/UCYs4kPcmZqmgZ9CREb97hvA


I read the white paper. Too much jargon for me to fully grasp but if this sharding thing works with full decentralisation, high Tx throughput and low fees, it could be a blast.



619. Post 25105487 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Radix has captured my attention for sure  Grin



620. Post 25165766 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

Quote from: Agapios on November 24, 2017, 10:02:31 PM
Just wondering why are today so many unconfirmed transactions for BTC? almoust 45k


45k of spam by people deliberately trying to destroy Bitcoin is on the low side. Nothing to worry about.



621. Post 25185563 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.28h):

With this optimism, BTG will reach $1,000 in no time  Cheesy



622. Post 25256482 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Quote from: vroom on November 26, 2017, 02:37:47 PM
with the next +10% we will break 10k coming week. 12k by end of 2017 and 60k-100k by end of 2018 sounds reasonable.

Yes, it will become interesting once price doubles in a week.



623. Post 25261534 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Quote from: Ibian on November 26, 2017, 03:27:42 PM
with the next +10% we will break 10k coming week. 12k by end of 2017 and 60k-100k by end of 2018 sounds reasonable.

Yes, it will become interesting once price doubles in a week.
You keep saying that, even at this point?

I say this (and continue to repeat it) as a reminder that we are slowly heading towards a blow off moment. The doubling-in-a-week indicator would serve as a gentle but strong warning that it may be time to dampen the hype a little.

And yes, the run-up this year is great but to me it is hardly exciting compared to 2011/2013. But then again, 2013 may not repeat after all.



624. Post 25276116 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

See attached with updated graph until now.



Fits like a glove: $22,000 here we come after which there is a small breather below $15,000.

The following is also a good one:




625. Post 25303510 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Bullish or too bullish aside, the trend upwards has shown increasing acceleration the last years. So a monstrous blow off top would not be extraordinary. The difficulty is in the price range. Looking at historical extremes (like in the BETI indicator thread), the top mania point could be placed (in comparison) at $41k currently.

So no, I wouldn’t get out too soon. Learned that from 2013.



626. Post 25304351 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

For reference purposes, see the link to the BETI indicator thread with the latest update: https://bitcointalk.org/index.php?topic=470453.580;topicseen



627. Post 25339580 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Traffic with only one person per car. Making stuff that everyone buys but no one needs. Keeping a military afloat in peace time. Powering Al Gore’s little apartment.

The list goes on and on.

But we have another great contender for virtue signalling.



628. Post 25393526 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

With an average growth rate of 0.42% daily, it will take us 550 days to go to $100,000.

Just wait for it.



629. Post 25397144 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Quote from: Torque on November 28, 2017, 07:46:00 PM
Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here:

https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390

Another way of looking at the stock market is as a wealth transfer scheme. After all, for each buyer there is a seller. The net result is 0, it’s a zero sum game, but some will win along the way and some will lose. You just have to be aware of the cycle.



630. Post 25414169 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

After all this time, we can rightfully post this one. A tribute to our former thread 'manager':



We look forward to moving into €25-40k territory soon, upon which it will get a little bit frothy.



631. Post 25416457 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

The total lack of CCMF in this thread is an indication that this is by no means done yet.



Plenty of room to do a replay of the '2013 bubble'  Cool Grin



632. Post 25446955 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Quote from: Real_Ramsey on November 29, 2017, 06:38:45 PM
https://twitter.com/PeterLBrandt/status/935698728639328256

Comparing the average responsies with those typically given in 2013, we have come a long way. Much more educated. Much more balanc d. Much more ‘seeing the future’ instead of the past.

I will ride this pig wherever she goes  Grin



633. Post 25449341 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Quote from: podyx on November 29, 2017, 07:51:19 PM
I am predicting $22k in 9 days

https://i.imgflip.com/207k75.gif


This. Volatility is picking up towards the blow off top for this round. HODL with all your might unless you know what you are doing (who does?).



634. Post 25459295 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Ok, Bitcoin below $10k.

That means Bitcoin dead and crypto done. Crypto will pack its bags and go away forever. After all, that is logical if you do not have a competitor in the fastest growing market in the world (besides human stupidity).

So let's sell all our precious BTC, turn of our PCs and go back to our families full of remorse.




Or just stick around for that inevitable $20k  Grin Grin



Quote
proudhon: You hear that Mr. Bitcoin Lover?... That is the sound of inevitability... It is the sound of your death... Goodbye, Mr. Bitcoin Lover...
Bitcoin Lover: My name... is Gentlemen.



635. Post 25459603 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Remind me to sell my bag for BeeCash when we cross $5,000.

Such delusion, so sad  Undecided



636. Post 25471563 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Quote from: TERA2 on November 30, 2017, 05:21:50 AM
People in 2013: "Comparing 2013 to 2011 is insane"

I never heard that  Huh



637. Post 25472781 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

Stiglitz gives the Noble price such a bad name. Not only because of these dinosaur remarks on Bitcoin but als his quest to abolish cash. The man sounds like a total aparatsjik.



638. Post 25479913 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.29h):

It is nothing like 2013. No Memes, no (predecessor of) CCMF and no drama. But Proudhon back is a good sign. That alone is good enough for $25k Grin



639. Post 25496157 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: AlcoHoDL on November 30, 2017, 02:12:36 PM
I find the look of that woman (specifically, her face) ugly as hell!

Perhaps her eyes could be placed even further away from each other as a solution  Roll Eyes



640. Post 25508915 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote
From China and Russia to North America, virtual is the reality. It’s no longer a question of whether cryptocurrency will survive. It’s a question of what it will disrupt on its way to the top of the global finance chain.

-James Stafford-



641. Post 25528153 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Arbitrary graph is arbitrary. Show me the bubble that is car, electricity, tv-sets and the Internet. Still bubbles?



642. Post 25558617 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: Paashaas on December 01, 2017, 02:51:04 PM
Rootstock is comming guys, the first side-chain deployed on the Bittcoin network  Cool

4th December begins the smart contract revolution!

For those that need some more information on Rootstock: https://www.cryptocompare.com/coins/guides/what-is-rootstock/



643. Post 25560801 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote
"I'll say $1 million by 2020, as well, easily," Altucher said Wednesday on CNBC's "Squawk Alley." "There's 15 million millionaires around the world. All their financial advisors are going to say, 'Hey, buy a bitcoin. You need some exposure.'"

"There's only going to be 21 million bitcoins minted ever in history. That's also going to drive demand," Altucher said.

Iron logic.... and who cannot afford to just HODL for a few more years?



644. Post 25603598 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

This was not what I was expecting on reaching the $10k milestone. But CCMF can follow at $20k  Cool



645. Post 25628703 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: pera on December 02, 2017, 08:19:02 PM


A healthy correction is expected to happen in the next 48hs, don't panic  Smiley

Probably back testing the $10,000 line but then from the upper side downwards  Cool



646. Post 25646618 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

It's a Trap  Shocked



647. Post 25658219 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: HairyMaclairy on December 03, 2017, 11:07:17 AM
I’m a harder bull than many in this thread.  I have a 5 year price forecast of US$150 - 500k.  

I assume you see Bitcoin as a store of value rather than a transaction currency. The higher the price surges in the face of the fees discussion, the more I tend to agree with you (and the more the argument of BCash proponents vanishes). Perhaps Bitcoin is not mostly about 'near zero fees' transactions but about decentralisation. If that is true, your prospects aren't that outlandish. And indeed, you are not contemplating extreme scenarios yet.

For some more musings on cryptocurrencies but mainly fiat currency and the prospects for the dollar, see: https://www.goldmoney.com/research/goldmoney-insights/monetary-update-for-the-dollar?gmrefcode=gata



648. Post 25658823 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

[edit]

Solved.



649. Post 25670450 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Proudhon is Satoshi keeping us on our toes  Roll Eyes



650. Post 25690544 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

It is just stamping the $10k bottom some further. No worries.



651. Post 25692366 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: Spaceman_Spiff_Original on December 03, 2017, 10:43:08 PM
note to ZeroHedge Tylers

10% swings in Bitcoin are not news.
Zerohedge has been ridiculously bad quality for years now...

The comments section you mean.



652. Post 25726919 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: Torque on December 04, 2017, 01:50:48 PM
In the age of computers "money" that can be created and exchange hands safely online / via networks BTC to me makes far more sense than a piece of gold.

Oh I agree. Bitcoin is better and easier in every way than physical gold.

Gold as insurance and a fairly stable store of value can work as well, but the establishment has made sure to first de-monetize it and then crush it to the point of near extraction/refinement cost. That was their plan all along. People, esp younger generations, just aren't interested in owning precious metals anymore. And I can't say that I blame them.

Gold will only catch on with the broader public if inflation roars its ugly head. And (official) inflation was rather absent the last few years despite the enormous quantities of credit pumped into the economy.

So Gold is by all means dead. I wait for the moment that the UK or other developed country dumps Gold as a sign for the absolute bottom. But the run up afterwards will never be so spectacular as Bitcoin. Perhaps in Gold mining stocks but that is not my thing (a lottery in those heavily manipulated markets).

I’ll stay Digital.



653. Post 25735746 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Momentum is slowly disappearing so a small correction could be forthcoming.

* Blasphemy!! *  Grin



654. Post 25749014 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: mfort312 on December 04, 2017, 10:16:15 PM
The record still belongs to the $20-$40 runup, which took only 39 days to "permanently" double.

Nice chart (took a lot of work). I think a doubling in 39 days has better chance than 50 days. Parabolic means parabolic after all.



655. Post 25791925 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: Torque on December 05, 2017, 03:14:03 PM
Real question:

Would anyone here really be that sad if by Dec 2018 we were only at say, $12-13k?

Are people's expectations getting ridiculous now considering the hella run up we had this year?

It would mean end of parabolic rise. And that would be sad.



656. Post 25797987 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.30h):

Quote from: jbreher on December 05, 2017, 04:54:51 PM
You've been literally telling me to 'shut up' for - what? - a year now? How's that working out for ya?


Bitcoin price mooned this year so please continue in 2018  Cool



657. Post 25832696 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: rolling on December 06, 2017, 07:19:48 AM
How do you short IOTA? This shit is getting stupid. At this rate it will overtake bitcoin in about a week.

Take the IOTA price

Multiply it with 100.

Multiply with 1.66

That is the equivalent Bitcoin price.

I am also a bit concerned about the current IOTA price but Mr Market is always right.



658. Post 25841529 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

I repeat: it will become interesting once price doubles within one week  Cool



659. Post 25846478 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: BitcoinBunny on December 06, 2017, 12:03:58 PM
So, who here heeds Bitcoin investing advice from a crusty old
white haired Morgan Stanley fuddy duddy? (Who's last name is Roach btw,lol)
Um.....not me!.....

https://www.cnbc.com/2017/12/04/bitcoin-is-a-dangerous-speculative-bubble-yale-expert-says.html

He lost me at "no intrinsic value" and "yet to see anyone with a bitcoin in their pocket"....

He lost me at "Yale Expert"



He lost me at 'Yale'.



660. Post 25865259 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

I dig the $400k prediction. Seems legit  Grin



661. Post 25874046 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: hazukison on December 06, 2017, 08:04:34 PM
BTC to $45,000 is my goal!

Just float on whatever the market will be doing. $45k is not impossible. It's 'only' 4.5x away which - in a bull period - is a breeze in Bitcoin terms.



662. Post 25876123 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):




663. Post 25879198 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

A rerun of the 2013 bubble?




664. Post 25894824 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Well deserved.

https://media.giphy.com/media/b9aScKLxdv0Y0/giphy.gif



665. Post 25904525 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: Wolf Rainer on December 07, 2017, 09:57:48 AM
$14600. Two options in the next 2 months, huge correction, or massive adoption speculation and +50k.

Fixed that for you  Cheesy



666. Post 25925013 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Waiting for $30k as first exit moment.



667. Post 25932888 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: HairyMaclairy on December 07, 2017, 07:46:04 PM
I'm wandering...who's going to buy bitcoin at a million and thinks it's a good price?

The laggards prognosticating $10M/BTC?

You probably don’t want to calculate what 30 days of 20% growth would do to the Bitcoin price because it will make you vomit.

a factor 59  Grin

Quote from: Arriemoller on December 07, 2017, 07:35:10 PM
But what if what we are seeing is in truth fiat-inflation?
There has so much money been printed and it is out there and yet the inflation is just at 15% since 2008 while the amount of money has increased by about 500%.
https://fred.stlouisfed.org/series/BASE?cid=124

Which means everything in dollar should theoretically cost about 5 times as much as it does today. Imagine 15$ for a coffee

That's not really how it works, if the supply of money is met with a growing economy that absorbs the new money you don't get inflation.


Also, most people tend to see rising asset prices as 'wealth' instead of (more correctly) bubbles. Can't steer where all that newly created money goes into. Now it has found a new gem: cryptocurrencies.

Quote
The impact of cryptocurrencies

The context of our analysis so far has been restricted to the well-established credit cycle. This consists of a period of credit expansion, facilitated by central banks suppressing interest rates, leading to price inflation, and thereby forcing central banks to raise interest rates until credit stops expanding. Inevitably, when bank credit stops expanding, businesses get into difficulty, the economic climate sours, and bank credit begins to implode. The correlation between changes in bank credit applied to business loans and interest rates managed by the central banks is evident in the second chart in this article.

It should be clear that the current period of credit expansion, being unprecedented in its magnitude, will be followed by a credit crisis potentially worse than the last. Furthermore, as posited above, the rapid expansion of base money, which is the traditional central bank response to a credit crisis, will coincide with a surfeit of deposited dollars in the banking system accumulated since the last crisis. Accordingly, instead of a deflationary event being triggered, the next crisis will increase these deposits even further, and is likely to trigger an inflationary event, once the dust settles. Depositors, who are not finance companies, will almost certainly attempt to reduce their swollen bank accounts, in favour of precious metals, and perhaps tangible assets such as art, land and buildings as well.

We now must consider the impact of a new element, cryptocurrencies. Assuming that central banks do not prohibit commercial banks from processing payments to facilitate cryptocurrency settlements, it is likely the cryptocurrency bubble will not only survive the next credit-induced economic crisis, but be fuelled by it. This being the case, increasing public participation becomes an additional destabilising factor for fiat currencies themselves.

Before the next credit crisis, there could be increasing speculation in cryptocurrencies, providing windfall profits for growing numbers of the general public all round the world. This will have two affects. Fiat money will be diverted from other uses into settling cryptocurrency transactions. This will require additional expansion of bank credit, if not for this direct purpose, to satisfy continuing economic activities that benefit indirectly from the bubble’s wealth creation. And secondly, the decline in preference for fiat money in favour of holding cryptocurrencies is could trigger a wider decline in the purchasing power of state-issued money.

It is perhaps time to consolidate our thoughts so far, and summarise the danger to the dollar. Unlike the last credit-induced crisis, which triggered a flight into the dollar, the dynamics building for the next crisis are wholly different, even though it will happen for the same underlying reasons. This time, the world is flooded with dollars, both in the form of investment money and bank deposits.

The Fed’s solution to a credit-induced crisis is always to inject more money into the system. But there is already too much money in circulation, illustrated by the above-trend increase in FMQ since August 2008. Foreign ownership of dollars in portfolios also increased from $9.641 trillion in 2009 to $17.139 trillion in 2016 (according to TIC data from the US Treasury), the unwinding of which will undoubtedly put pressure on the dollar’s exchange rate, in addition to other negative trade-related factors. Furthermore, fiat currency in the banks and at the Fed is now $6.4 trillion above its long-term sustainable growth rate.

There is therefore, already a recipe for a substantial fall in the dollar, adversely affecting all other fiat currencies linked to it. This problem is compounded by the lack of headroom to raise interest rates without aggravating the overall debt situation. The addition of cryptocurrencies as an alternative to holding fiat cash, if the cryptocurrency bubble is still extant at the time of the next credit crisis, can be expected to offer the public an alternative to holding fiat currencies deposits in the banks. This is all bad news for the dollar.

source: https://www.goldmoney.com/research/goldmoney-insights/monetary-update-for-the-dollar



668. Post 25933207 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: flynn on December 07, 2017, 07:55:54 PM

a factor 59  Grin


Errrr ... 1.2 ^30 = 237.37

A slight miscalculation from my side  Shocked



669. Post 25952669 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: exponential on December 08, 2017, 05:41:29 AM
Here's a wild firstworldproblem.  I'm torn.  On one hand, I have ALWAYS wanted a Ferrari.  Here I am able to buy one, something I never thought would happen.  I could sell now, get my ferrari and be happy.  On the other hand, I could hodl, it could either go up or down.  If it goes down, I feel satisfied with my choice.  If it goes up, I will feel some regret but fuck it, I have a god damn ferrari.  I have a house and no debt, perhaps I'm just being greedy at this point and should get the one thing I've wanted and be happy with it.  Fucking wild decision I never thought I'd even have to make.  

Just do it, knowing you’re making the worst investment in your life  Grin
You only live once  Cool



670. Post 25956154 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: explorer on December 08, 2017, 07:16:48 AM
The guy with the 300 wall on stamp is an idiot. He just keeps inching it letting everyone else get all the coins and he gets none.

Seller herding buyers up the ladder to slaughter?  Used to be how it was done near the top...


Its called distribution.



671. Post 25965091 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Sometimes it is better to remain silent with people thinking you are an idiot than writing a blog post and proving it. But no one can foretell what the Bitcoin price is in December 2018. Only the Master who uses the force  Kiss



672. Post 26012251 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: Searing on December 09, 2017, 07:14:37 AM
https://tulipmining.com/


Go Full Tulip!



From that site:

Quote
We may mine tulips, but we can't accept tulips for payment because they're too slow and expensive to move. We only accept the p2p decentralized currency Bitcoin Cash.



673. Post 26018092 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.31h):

Quote from: TERA2 on December 09, 2017, 09:20:49 AM
Trading litecoin just isnt the same without a trollbox and fontas.

Fontas the pumper  Grin



Those were the days...





674. Post 26138555 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: RayX12 on December 11, 2017, 12:47:49 PM
Worst of all is the ENVIRONMENTAL damage caused [...] even children are exposed to mercury in the processes of gold extraction.

R0ach that!  Shocked Roll Eyes



675. Post 26165746 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: Rosewater Foundation on December 11, 2017, 09:35:44 PM
Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

Although many have heard of Bitcoin, the last man/woman/gender-neutral is not in. Not by a long shot.



676. Post 26167333 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Near ATH and nobody cares. That means only one thing: $50k and beyond  Cool



677. Post 26179137 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

A better form of money. The simplest answer to the question what Bitcoin is.



678. Post 26180818 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: TERA2 on December 12, 2017, 06:05:05 AM
It would be good money if it somehow stabilized AND the lightning network was up.

With enough adoption it will stabilise.



679. Post 26243197 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: Heater on December 13, 2017, 05:55:56 AM
Dump IOTA - it's a Microsoft customer. Not a partner. Slight difference.

IOTA team sure knows how to hype things. But price has not reacted much.
EOS on the other hand...  Grin

And Bitcoin.... has Andreas.
And fiat currency as contender
The Honey Badger vs the Cobra Shocked  Roll Eyes

PS. If you are willing to ignore the IOTa statistics, this site is quite good for keeping overview of BTC and ETH prices: https://iotaprices.com/



680. Post 26343185 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: vroom on December 14, 2017, 10:50:06 PM

Best parts about this notebook are the fanlessness and the great dolby atmos audio system. Big recommendation from me.

For me fans aren't an issue (I do not hear them). Sound is not an issue either: I watch 99% of my content without sound. If I do want sound, I do not rely on note book audio but simply plug in a $10+ headphone. So all my money goes to other features.

Personally, I am very interested in the 835 Snapdragon laptops from HP and Asus because of battery life. But in practice, I travel from wall plug to wall plug so battery life is no issue for me in real life. Biggest issue with notebooks is and remains to be: HDD storage is always too small in the end



681. Post 26343608 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: Ibian on December 14, 2017, 11:34:12 PM
How much porn do you need, anyway?

Who stores pr0n anyway?  Roll Eyes

Meanwhile, Bitcoin seems to form that particular stabilisation flag, waiting for the next leg higher. This thing simply does not want to go down.

*insert HODLer theme*



682. Post 26344342 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: LewisPirenne on December 14, 2017, 11:43:38 PM
[...] moving lots of value around on the internet, as it is designed to.  

Getting back to the core proposition of cryptocurrencies still makes me bullish like hell.

Biggest...Wealth...Transfer...Ever



683. Post 26354777 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.32h):

Quote from: jojo69 on December 15, 2017, 05:13:12 AM
He's got a point about the handfull of half working exchanges.

It has never been otherwise.

Growing pains.

Inevitably Wealth Transfer incoming  Grin



684. Post 26417619 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

I repeat: Greatest...Wealth...Transfer...Ever


A good portion of the economy is going fully digital. Be part of that wave.



685. Post 26442349 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

Quote from: AlcoHoDL on December 16, 2017, 04:51:34 PM
Pet Shop Boys - Opportunities (Let's Make Lots of Money)

Cheesy, yes, but fitting for the occasion.
Looks different 30 years on. The image of blood being poured into an army helmet is.... interesting.

I find it fascinating to watch those clips. I can spot things I never saw or thought of much when I was a kid.

It shows the average age in this thread  Grin



686. Post 26484349 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

Giffen good will be Giffen good.




687. Post 26513798 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

Quote from: milkshock100 on December 17, 2017, 10:48:28 PM
It’s not enough for bitcoin to succeed.

Eth and ltc must fail as well, and btc must feast upon their rotting carcasses.

"EUR and JPY must fail for USD to succeed."

Perhaps you should think this over.



688. Post 26526816 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

Quote from: BobLawblaw on December 18, 2017, 06:42:46 AM
Meanwhile, on Reddit;

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com -239 points 5 hours ago
I made Andreas a millionaire. I suspect he is pretty happy with my tweet.


Haha, that’s a good one.

Well played Ver, well played  Cool



689. Post 26586558 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

I also foresee that major card issuers of the future (TenX, Monaco) will offer minor small fee payments between participants within their systems.



690. Post 26628779 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

Quote from: Ludwig Von on December 19, 2017, 10:10:45 PM
Ah, and finally here is the trigger :


I never knew the Danish central bank and some bloke from Blockchain.com spouting utter nonsense with his BeeCash crap would have an effect on the market.

It was simply time for a correction.

But as usual, pity humans seek a reason for the decline, because their brains crave for it. Simply 'correction' does not count, it should be a 'story' each and everything. I no longer become mad about this delusional mass psychology, since the same mechanisms slings a digital asset upwards towards being the numeraire.



691. Post 26628894 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

Quote from: JimboToronto on December 19, 2017, 10:23:20 PM
I'll just hold.

It worked a zillion times already.

The future cannot be stopped.



692. Post 26629303 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.33h):

The 12hr shows a perfect buy-the-dip to me. But indeed, the buy walls should be there to avoid further deterioration.



693. Post 26675861 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

This will be the fastest and most brutal Bitcoin bounce back ever.

Wait for it.



694. Post 26708770 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

I smell $30k within 10 days  Roll Eyes



695. Post 26730392 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

Shaking out some fear. It’s Holdling time again.



696. Post 26733540 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

I see some divergence on the 1 hr chart but TA is not magic. Enough to engage a trade of ‘catching falling knives’  Shocked
No guts, no Glory.



697. Post 26757959 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

It’s a good buy opportunity for those that believe.



698. Post 26764865 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

Quote from: vit05 on December 22, 2017, 05:31:18 AM
Summary:STRONG SELL
Moving Averages:SELLBuy
Technical Indicators:STRONG SELL

Classic   13104.0   
RSI(14)   38.571   Sell
Bull/Bear Power(13)   -379.7780   Sell

Ha ha, selling after the selling has already occurred. I would also consider advising to buy when no one is buying at the top.



699. Post 26765725 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

The only regret I have is not having fiat available to buy more.

Transferring value over the Internet is not going away. Quite to the contrary.

If you cannot stand Bitcoin ‘correcting’, turn off your PC and login tomorrow again.



700. Post 26766370 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

The bounce will be epic. But first we need real panic  Grin



701. Post 26766968 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

The only ones doing well seem to be Electroneum and ... Tether  Kiss



702. Post 26766993 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

Quote from: ivomm on December 22, 2017, 08:04:41 AM
Time for the next ATH game  Grin I say 29. Dec. 2017. After series of ATH's BTC will reach 25K on 15.Jan.2018 before the next dip.

Sounds like a plan.



703. Post 26768879 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

Prediction game: 13 February 2018



704. Post 26794520 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

Major alts are still at levels seen before their final pump so I still call it a correction. But a severe one.

On the scale of 5 years, this will just be a blip. The brave accumulate now. The broke (like me) HODL.



705. Post 26804118 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

Quote from: BobLawblaw on December 22, 2017, 08:35:00 PM
You call a 50% dip a correction? No I think it's a crash.

Bro. Do you even Bitcoin ?

[...]

Situation normal and shit, all things considered, for this quarter.

SNAFU - as usual.




706. Post 26806523 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.34h):

First signs of life. If it goes back down again and reaches the $8,000 zone I will plow in extra cash.



707. Post 26825537 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: TERA2 on December 23, 2017, 10:12:13 AM
I want in on some of this action. Who wants to fight?

I hold BTC so I am already in the ring.

Edit: and guys, please keep quoting endless text only to drop an unrelated line. My ability to scroll is unlimited  Roll Eyes



708. Post 26829084 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

I am paying the standard fees (about $15) and Bitcoin works beautifully. No problem whatsoever.

There is no clear answer yet to scaling. Increasing block size is not a scaling approach. So decentralisation comes with certain costs. We cannot pretend to be smarter than we are right now, so that’s just the situation we are facing now.

Fine if someone forks Bitcoin for bigger blocks. Not fine if someone want to pretend to be the ‘real’ Bitcoin and starts mempool attacks and FUD or liar/deceptive psychology campaigns.

But if Bitcoin cannot survive all this, it was never meant to be.



709. Post 26837823 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

My body is ready.




710. Post 26881522 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Going below $10k would be too easy for BTFD'ers  Roll Eyes



711. Post 26893037 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

That’s right.

Just introduce 10GB blocks and call it a night. Problem solved.



712. Post 26893645 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: bones261 on December 24, 2017, 04:39:20 PM
That’s right.

Just introduce 10GB blocks and call it a night. Problem solved.

Let's just hope people who can actually run a node get the bright idea to charge subscription fees to let your SPV wallet connect to them.

Hell no. Fees should be nearly zero. Miners should work for free. Are you capitalist or what?



713. Post 26907935 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: JayJuanGee on December 24, 2017, 10:57:40 PM
Wait...... something sounds funny about what I am saying.....   hm?

Now that you mention some changes, why not also go for a zillion coins. I mean, there is enough for everyone and it is only fair. Limitations are just a piece of goddamn code. We don’t care about code, right?

We are going to push this through, no matter what. Let’s push this and polish our egos. Billionaires be billionaires, f** the rest  Kiss



714. Post 26926737 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: TERA2 on December 25, 2017, 10:24:27 AM
My view is different. I think the daily chart looks pretty ugly compared to previous drops. The best case scenario is that it goes back up for a double top at 20k before the real crash. More realistically it only makes it to 16K.

I am also cautious. Usually, that is a contra-indicator  Grin



715. Post 26949009 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

If BCAsh (A for Asshole) stands for flooding the mempool, messing with the hash power and massively dumping early holder coins, I won’t have none of that. I’d rather use Dogecoin then.



716. Post 26954473 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

No quarrel, everybody rich.

Vote for me  Cheesy



717. Post 26979736 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: bitcoinPsycho on December 26, 2017, 10:35:53 AM
the positivity chart just went crazy, let the push for $20000 commence Smiley


Already on its way. Please share the chart.



718. Post 26989366 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Perhaps we need some more bullish charts.

$50k by March 2018 anyone?
McAfee is safe  Cool












719. Post 27058874 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

@Toxic2040, beautiful graph you posted. We are ready for what’s coming.



720. Post 27065802 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: AlcoHoDL on December 27, 2017, 09:56:19 PM
Oh, how I'm looking forward to 20 years from now... It will be so satisfying to quote all those anti-Bitcoin posts from the recent breed of self-proclaimed prophets announcing Bitcoin's demise. Just like the Internet in the 80s and 90s, when it was all text and command line...

Keep posting anti-Bitcoiners. Verba volant, scripta manent.

Don't worry. Latest FUD is that Charlie Lee said that Crypto is going to crash hard soon.



721. Post 27080668 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

It’s correction time and the FUDsters have their glorious moment again. The realist sees Bitcoin well over $10k, better infrastructure than ever and still a negative stand by most ‘experts’. That means the umpteenth obituary of Bitcoin and new ATHs in 2018.

Honey Badger does not care.



722. Post 27086932 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

Forks are not a bug but a feature.



723. Post 27095707 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.35h):

About 30 blocks to go for yet another ‘fork’.

Meanwhile, the Honey Badger njom njoms  Grin



724. Post 27148253 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Someone wanting to pay for his expensive Christmas, that’s all.



725. Post 27170481 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Aren’t we simply seeing rotation?



726. Post 27175460 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Bitcoin seems to have stalled a bit compared to the rest of the market. Total Market Cap is already climbing and has passed $560M now.




727. Post 27178387 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: BlindMayorBitcorn on December 29, 2017, 09:41:14 PM
I sincerely believe we're headed back down to the 12000 range for the new year. Any objections?

Plenty of objections. But no problem should that happen. As long as we remain above $10k, it is all part of a welcome pause.



728. Post 27210731 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

It will only become interesting if we decidedly go below $10k. For now, it seems to be recharging above $10k for that final insane run in 2018.



729. Post 27246798 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

With all the price drama, withering Bitcoin dominance and high fees discussion, Bitcoin still functions beautifully  Roll Eyes
It will be a great year for the Honey Badger, no doubt.



730. Post 27252682 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

This seems to be the safe option to assume:



Kind of rhymes with my guess on reachting $24xxx  Roll Eyes



731. Post 27257842 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: bitserve on December 31, 2017, 01:18:55 PM
it will be the best digital payment system ever known to man...

On that note, I foresee that exchanges will morph into banks (or banks morph into or move towards exchange functions) creating payment gateways on top of cryptocurrency systems and also cryptocurrency card providers slowly but surely building up a secondary payment layer, first between users of the same card (Monaco is going to offer this), later between cryptocurrency credit card providers themselves.

But the option to work outside of all these additional layers remains. That is the power of it all.



732. Post 27358497 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: Torque on January 02, 2018, 04:47:50 PM
I need to be honest folks.

I'm seeing all this money being poured into all these unmineable, centralized cryptocurrencies, and I fear it's going to unravel in a horrible fucking way for a lot of people.

Yep it sure will. [...]

Yep, but first the Bubble. As it was said: you got to own this Bubble. The Bubble will pave the way for broader development and acceptance long term. Those who will be burned are (capitalist) collateral damage in the process of price discovery and sorting out what works and what does not work long term.



733. Post 27371057 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: flynn on January 02, 2018, 09:34:30 PM
Gold is just another Altcoin with a bizarre POW

Quoted as possible 'quote of the year'  Cool



734. Post 27383835 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

A Gold plated toilet, just to reinforce where Gold’s current place in the cycle is.



735. Post 27387681 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

The white papers look ok to my untrained eye. Basically, Bitcoin holders do not have to do anything; the RSK protocol will simply be released and available for anyone to use.

The thing I do not fully understand is whether locking in a Bitcoin to the RSK sidechain and taking it out again comes with Bitcoin fees. If that’s the case, the RSK Network would seem similar to a token not connected to the Bitcoin protocol but pegged price-wise to the Bitcoin price on a 1:1 basis.

The proposed ticker SBTC has already been ursurped by Super Bitcoin (SBTC).

For more about RSK see: http://www.rsk.co/

Exciting times.



736. Post 27424137 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

BCH is not a split but a 3-man project  Cool



737. Post 27424684 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: aesma on January 03, 2018, 07:07:13 PM
I'm pointing out it actually works.

That is relative. Dogecoin works as well, just like Tittycoin.



738. Post 27424938 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.36h):

I still have a weakness for Mooncoin  Shocked



739. Post 27486212 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Things are looking good. Just wait until the Mothership starts moving again. The Fiat Magnet is not done yet.



740. Post 27488044 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: ParabellumLite on January 04, 2018, 07:12:54 PM
If Bitcoin's funeral is indeed to start after this pennant closes, I think the flippening could happen as soon as around January 20th.

Nope. Bitcoin rally to recommence on 18 January. You heard it here first  Kiss



741. Post 27491293 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: HairyMaclairy on January 04, 2018, 08:19:22 PM
[...]
Meanwhile the price rise of Ethereum is destroying its capability to act as the Ethereum Virtual Machine. [...]

It is not the price rise that is the problem, but the transaction throughput. The 'upgrading' of the Ethereum network cannot come soon enough if EOS is not to take over the crown (as semi-decentralised Virtual Computing network).



742. Post 27504928 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: JayJuanGee on January 05, 2018, 02:54:38 AM
You are an idiot, Gab0, for spending so much time on a non-substantive and irrelevant personal attack.

And doing a full quote just to say this is?  Grin



743. Post 27521152 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: Peter R on January 05, 2018, 05:58:28 AM
Roger is a great human being and an awesome ally of Bitcoin.

Only if it is 100% sure that he by no means collaborated or assisted in coordinated attacks on the Bitcoin network:
* huge hash rate fluctuations
* pump and dump on exchanges
* flooding of the mempool with irrational transactions
* spreading FUD

You can vouch for that?



744. Post 27530920 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: rjclarke2000 on January 05, 2018, 01:15:03 PM
Peter is the person I’d end up sitting next to at a dinner party....

To cuddle or speak some hard truth?



745. Post 27555600 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: Torque on January 05, 2018, 08:53:21 PM
Hey guys, I found the next Bitcoin 2.0! It was hiding in plain sight. As you can plainly see from the chart, its exploding growth and clear popularity should have it overtaking Bitcoin worldwide within the next week or so...

https://coinmarketcap.com/currencies/paccoin/#charts

Pumping your pet coins after the pump is useless information.



746. Post 27587294 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: Ibian on January 06, 2018, 11:46:34 AM
BIG BLOCKER nutjobs REEEEEEEEE!
Suggest a better (implementable in the real world) alternative for getting more throughput. Any of you.

If it was easy, we would not be where we are right now. Decentralisation comes with trade offs.



747. Post 27590827 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

I do not consider increasing blocks a good solution. It does not scale while the negative consequences for decentralisation are unclear. Since Bitcoin’s only true value lies in ‘decentralisation’, I support not hastily moving away from this core concept just to solve a current - perceived as immediate - issue. There is too much at stake.



748. Post 27618817 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: realr0ach on January 06, 2018, 11:32:16 PM
Since Bitcoin’s only true value lies in ‘decentralisation’

Then I guess it's value is already zero.

In the long run, we are all dead.

Meanwhile, let me enjoy BTC $50k soon and the ability to stock up on some Gold, just in case.



749. Post 27688486 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Bitcoin is holding nice and steady at $15k+
I am still very content and am mostly surprised about big altcoins losing this morning (but scattered throughout the market) and little alts flying.

The markets are changing...



750. Post 27736897 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Rocket is 18 January 2018 again, guys. Mark my words  Cool



751. Post 27865352 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: d_eddie on January 10, 2018, 07:35:20 PM
It's finite upside vs infinite downside, and he knows.

Like Nassim Taleb (and any proper thinking mathematician), I would think the downside is limited (Bitcoin can't become less than $0) and the upside is unlimited (or: potentially much higher than the downside). The perfect example of an asymmetric bet that Taleb has written extensively about.

See the concept of an asymmetric bet explained further here: http://contrarianinvestorsjournal.com/?tag=asymmetric-pay-off#

Quote
The basic idea behind the asymmetric payoff strategy is simple. First, you structure your bet in the market such that if you lose the bet, your loss is very tiny, but if you win, your gain is very massive. Next, you bet that the market will crash within a specific period of time. If you lose that bet, place another bet for the next period of time. You do this repeatedly until the day of the Black Swan event when your profit overwhelmingly overshadows your accumulated small losses.

Obviously, the disadvantage of this strategy is that it requires fortitude to absorb small losses indefinitely while waiting for a highly rewarding final vindication in the end.

Buffet, wrong since 2014: https://www.forbes.com/sites/kashmirhill/2014/03/26/warren-buffett-says-bitcoin-is-a-mirage-why-marc-andreessen-thinks-hes-wrong/#2c391e827f3c



752. Post 27918505 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

Quote from: blade87 on January 11, 2018, 03:02:52 PM
Right now BTC is holding the line pretty well, but I am getting the sense of fear and desperation in both the BTC and LTC subs.

As long as it is fear, it is good.

If it is impatience only, we are bound to go lower still.

My feeling is that there’s to much bullishness (see altcoins + ETH ignoring the stagnant BTC price) to go much lower. But please feel free to dump into stronger hands  Cool



753. Post 27931092 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

We got Bitcoin at record highs above $10k and anyone in Alts saw his estate rise twofold this December/January alone and you speak about a bear market?

I am confused  Shocked



754. Post 28097064 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

Just to add to the eternal 'what is money' debate:

Quote
Money is anything that is commonly recognized as a medium of exchange and store of value. Most societies used seashells, rocks, severed skulls or metals. China invented paper money during Tang dynasty and with fits and starts, it gradually became the standard. Fiat money can’t be consumed and neither can it be used in production. Hence currencies do not have intrinsic value but rather trade on perception of value. As discussed (here), unlike fiat currencies, cryptos are more difficult to inflate, cost money & time to produce and are built around mathematics rather than fraud or politics. Hence, they already reflect the essence of money better than existing money. However, we are still closer to the 1900s than 1920s. There are serious challenges (e.g. depth, acceptance, custody etc). But cryptos & blockchain are the future

Source: https://www.zerohedge.com/news/2018-01-11/henry-ford-dotcom-bitcoins



755. Post 28142278 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

Let's hope that we are past the low in the cycle now.




756. Post 28231391 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

For gold lovers, the chart could better be inverted.



757. Post 28251706 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

I guess no one can handle a little sell off nowadays.



758. Post 28333850 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

All those poor people selling at the bottom  Roll Eyes



759. Post 28336710 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.38h):

The bounce of this one will be brutal  Shocked Grin



760. Post 28399935 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: Last of the V8s on January 18, 2018, 12:46:42 PM
anybody got this "report"? https://info.elliptic.co/whitepaper-fdd-bitcoin-laundering

I only read this:
Quote
Bitcoin, the world’s first cryptocurrency [...] has gone mainstream.

So it begins  Grin



761. Post 28575136 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: Torque on January 20, 2018, 10:32:23 PM
...short this market.

The marriage between 'Bitcoin' and 'shorting' resulted in the word 'REKT'  Cool Roll Eyes




762. Post 28667931 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.39h):

An important rule is breached by some: #never sell, only add.



763. Post 28671772 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: pawel7777 on January 22, 2018, 10:07:07 AM
An important rule is breached by some: #never sell, only add.

To what end?

Success.

To be fair: to your own predetermined exit point. That could include ‘never’.



764. Post 28752174 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: TERA2 on January 23, 2018, 12:30:31 PM
This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.

https://i.imgur.com/A5VQPrM.png
early 2013 which looks nothing like the current chart

It seems the 2013 example is a bit different: the price ran up 10x in about 2 months; the aftermath was brutal and prolonged.
In the matter at hand, the run up was much more gradual; I do not have the time to fully reflect on the comparison of the 2013 aftermath and my expectations for the current 'aftermath', but it almost seems as if the 'aftermath' already took place. Perhaps a short trip to $7,500 to satisfy the perma bears but the damage visible on the 3d chart is minimal compared to the 2013 example.

I remain with my original thoughts: in order to have a post-bubble period one should first have a bubble. Wake me up at $50k  Grin



765. Post 28769979 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.39h):

Every asset is in a bubble. Ok, PMs are rather stagnant the last 5 years  Grin

I wonder how GS thinks about this ‘everything bubble’ thesis  Roll Eyes



766. Post 28784676 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.40h):

Just sell when you feel the time is right. Selling into stronger hands never hurts and nobody went bankrupt taking a little fiat profit  Roll Eyes



767. Post 28895482 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Karartma1 on January 25, 2018, 01:03:30 PM
Want to really see that DAG under stress.

Actually, I would like to see:
* basic wallet functionality like generating a random wallet address
* transactions always confirming
* fool proof solution to avoid address reuse (=vulnerable under IOTA system)

Before that happens, I do not consider it a buy until below $0.50.

/off topic



768. Post 28918005 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Torque on January 25, 2018, 01:36:55 PM
Want to really see that DAG under stress.

Actually, I would like to see:
* basic wallet functionality like generating a random wallet address
* transactions always confirming
* fool proof solution to avoid address reuse (=vulnerable under IOTA system)

Before that happens, I do not consider it a buy until below $0.50.

/off topic


The real question is why would you consider it a "buy" at all? Does it feel good to have a slick hypothetically functioning payment system that mimics Bitcoin, but no one ever uses to buy things with because there is zero merchant adoption?

...

I don’t think Bitcoin is established (yet) as the sole cryptocurrency of choice for everyone on planet Earth. Adaption in genuine use cases is a non-existent feature for now, also for Bitcoin. Frankly, I do not think that Bitcoin will ever take the position as one and only cryptocurrency and that we will remain forever to have a variety of coins (including FIAT brothers) with their own fans. Yes, I expect Dogecoin to be still there after 10 years, whether (micro)pennystock or not (just like Tittycoin or other shitcoin). It does not matter.

For now, the race for leadership is still fully on with Bitcoin having a lead but that’s not carved in stone. It is not said that this will be the case forever. In a use case whereby ‘no fees’ micro transactions are vital, IOTA would clearly have a lead over most other cryptocurrencies, assuming they can get their clusterf* of a wallet and network stability up to standards.

Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die. So I welcome altcoins instead of loathing them.

TL;DR: Bitcoin still reigns, but it will not be forever. I see a purpose and place for various altcoins.



769. Post 28954715 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Biro Bob on January 26, 2018, 09:32:38 AM
 temporarily...

I think this is the key word. As long as Bitcoin has traits that no traditional (fiat) currency can match, its rise is not over yet but has only just begun. Especially in a financial environment that knows rampant fiat ‘printing’ and speculation.



770. Post 29032621 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: realr0ach on January 27, 2018, 12:18:48 PM
It's called the truth.

So what now: ethnic cleansing?



771. Post 29272989 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.40h):

One would think that a professor applies more rigid standards before declaring theory to be the truth. The 'experts', oh well  Roll Eyes



772. Post 29290963 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

The 1 day chart develops a nice hammer at the bottom. Is this all that the sellers got?



773. Post 29295874 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: jojo69 on January 31, 2018, 07:29:35 AM
The 1 day chart develops a nice hammer at the bottom. Is this all that the sellers got?
....everything still looks ok on stamp, GDAX not so much...

I am indeed looking at Bitstamp.



774. Post 29302035 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: PoolMinor on January 31, 2018, 10:00:43 AM


So it might go up or it might go down? tks for that. i feel much better now knowing the possible directions

Don't forget "sideways."


@fragout, the point of these graphs is to give you an indication of what the status of the market is so you can make a better educated guess about the possible course of price action. It’s not a crystal ball and you would be well advised not to piss on such contributing posts.



775. Post 29311262 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Another picture showing the trend lines in the current bull run. For now, my hope is set on the current trend line providing enough support for a bounce and resumption of the bull wave. If not held, another trend line may offer support @$7,500.




776. Post 29340820 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Remember remember the 5th of November on January 31, 2018, 08:23:51 PM
Buckle up

https://news.bitcoin.com/south-korean-court-rules-bitcoin-has-economic-value/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Because a court somewhere rules what is already apparent from free market prices everywhere?
But I have seen more stupid human reasoning so you could be right  Roll Eyes



777. Post 29359697 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: realr0ach on February 01, 2018, 05:45:33 AM
But, but,.....but, he has a superiority complex now that he is a Merit source. Only his opinions are valid.  Roll Eyes

Which is why the merit system is stupid.  The people who receive the most merit will be pump and dumpers spamming irrational, infinitely increasing charts claiming the price of bitcoin is going higher than M3 money supply at like $1 trillion purchasing power per coin.

In that case, I am still waiting for more merit  Cool



778. Post 29395823 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: LFC_Bitcoin on February 01, 2018, 04:10:38 PM
Soon be below 9000 USD, this is fucking ridiculous

Such drama. The price is holding just fine. People can’t take a stiff correction anymore these days  Grin



779. Post 29402356 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

A good time to buy Alts.



780. Post 29444513 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: toknormal on February 02, 2018, 10:35:19 AM

While we're watching this, a much larger area of carnage is emerging.

US Guvpaper meltdown continuing this morning. Contagion into stawks also.

BTC --> $30k.

https://i.imgur.com/NBRUKZj.png

Compared to this, crypto is just a firecracker in a hot pan  Shocked



781. Post 29485701 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: realr0ach on February 02, 2018, 09:44:02 PM
Jews

I think it is all her fault:




782. Post 29503677 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: rafanadal on February 03, 2018, 06:10:03 AM
it's a huge embarassment when companies are choosing other cryptos over btc

No, it’s not.



783. Post 29507826 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.41h):

Somehow, looking at Bitcoin transactions live is reassuring these days. This thing is alive and well  Cool



784. Post 29614256 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

So I guess the markets will be more concerned about the progress of cryptocurrency use in real life than the hype of the markets. A useful but dull period (and it will take some time to pick up the real bargains in altcoins).

So long, Bitcoin. We will meet again in a few months  Grin



785. Post 29674953 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Remember, for every seller there is a buyer. So someone is buying cheap(er) coins.



786. Post 29705201 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

There are about 4-5x more bids $1,000 down from here than asks $1,000 up from here. I guess most of the selling has been done now unless silly sellers really want to see more of their coins going to strong hands.



787. Post 29708199 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: Majormax on February 06, 2018, 09:46:45 AM
The best thing to do now is write off your holding, go away and do somthing else for a year or so.

I concur but will not write off my holding. It’s just a game of patience, unless you think crypto is suddenly going away and will be ‘uninvented’. Time to accumulate bigger positions in promising projects while the dirt is shaken out of the markets.



788. Post 29710203 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: ShroomsKit_DisgraceREAL on February 06, 2018, 10:29:10 AM
Everyone is so bearish here that the bottom must be IN already.

No, people are still buying and HODLers are still holding. We need panic on high volume. The current bounce to $6xxx is pathetic. More to come.



789. Post 29718532 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: El duderino_ on February 06, 2018, 12:47:24 PM
was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

The bottom was 6200

Been told by who...?

By my orders to bottom fish some altcoins. Will never be hit so contra indicator is working  Grin
Glad to be of service at the costs of about $6 for a BTC transfer to an exchange.



790. Post 29727706 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

I want to see a meaningful bounce above $9500 before thinking this is over.



791. Post 29728640 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: Nosk on February 06, 2018, 03:25:01 PM
I want to see a meaningful bounce above $9500 before thinking this is over.

Why not 12k $ ?

$9,500 is last ‘top’. If a real bounce, we should see a higher high. That’s why.



792. Post 29732296 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: Mahirap on February 06, 2018, 04:22:39 PM
I've heard ...

Provide sources please. Otherwise it leads to unnecessary FUD. Or are you MSM?

In terms of market affairs: crypto falls under ‘risk’ just like stocks. Therefore, it also suffers from ‘risk-off’ moments.



793. Post 29741389 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Some ICO: https://uetoken.com/



794. Post 29745847 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Crossposting: https://bitcointalk.org/index.php?topic=274613.msg29745813#msg29745813



795. Post 29750080 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: Ibian on February 06, 2018, 09:55:40 PM
I really wanted like 5k Sad

I am sorry. My actions earlier today spoiled it.

Quote from: Wekkel on February 06, 2018, 01:00:12 PM

The bottom was 6200

Been told by who...?

By my orders to bottom fish some altcoins. Will never be hit so contra indicator is working  Grin
Glad to be of service at the costs of about $6 for a BTC transfer to an exchange.




796. Post 29767050 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: infofront on February 07, 2018, 04:15:46 AM
I think MasterLuc has lost his edge recently, and I don't believe we'll languish for a year at 10K.

I think we are still within various of his suggested scenarios. This isn’t hard science but educated guessing.



797. Post 29767560 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: BTCMILLIONAIRE on February 07, 2018, 06:47:39 AM
I think MasterLuc has lost his edge recently, and I don't believe we'll languish for a year at 10K.

I think we are still within various of his suggested scenarios. This isn’t hard science but educated guessing.
Isn't hard science just very educated guessing? (Spoilers)

If I look out my window right now, I see Moon.

Hard science?  Grin



798. Post 29794015 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: toknormal on February 02, 2018, 12:51:58 AM
Look folks, just put all background noise about tether, India guv, Roubini FUD and other distractions out of your minds.

Here's what's going on. The correction is technical, pure and simple.

If you checkout this chart from 2015/2016/17, you can see that bitcoin grows in these 8-monthly bubbles which burst in the "propellor correction" fashion I described. The pattern's always the same:



That is:

 • market starts rising out of a bowl
 • gets to a point where it overheats
 • nosedives sharply all the way down to retest just below the previous "propellor spike"
 • retraces halfway up the initial correction and stabilises
 • drifts slowly down from there to settle from where it starts the next cycle

During 2017 these corrections got closer together as we've had both greater market depth AND unprecedented growth during the year. So instead of our 8-monthly crash and recovery we've had 3 of those consolidations (that manifest in the lowest resolution weekly chart) in the last 6 months instead of 1. The last one was in November, peaking at $7500. Together, those 3 consolidations amounted to an aggregate 77% retrace spanning 6-8 months. ($7500, November, $1825 end May).



What this means according to precedent is that we NEED to retest at least that 7500 (+or- 20%) region before progressing. It's just the bitcoin way. This is an uncapitalised asset class that's rapidly capitalising and there's so much clamour to get in that it can't do it smoothly.

The low of $8455 we saw on Bitstamp a couple of hours ago may or may not be the bottom of the wick. To complete the full depth of the needed correction we may have to revisit the $7500 level or even 6k at a pinch to really bake in the last runup but that could just as easily manifest as a momentary panic "fat finger" dump before retracing back up the decline to around the $13k level which is 50% of the consolidation we've had since the peak.


How Does this Compare to the 2013 bubble ?

In fact the 2013 rally and that nightmare 18 month recovery followed exactly the same pattern. The reason it took so long to recover is because it went straight from $126 all the way to the top in 7 straight weeks without any of these bubble-bursting corrections on the way (or even mini corrections). That meant that the last support level was the so called "Cyprus spike" way back in April 2013 when it spiked at $266. And sure enough - according to form - it went all the way back to retest that level and a bit more for good measure. Note this is very different to the situation we have now on 3 counts:

1. the rise from $1000 to $19k (16k realistically) is comparable in relative terms but has taken a whole year instead of just 7 weeks

2. we have 3 fairly hefty consolidations which more or less overlap each other and we've almost arrived at the last of those already

3. the correction is rapid and deep which is a good sign because it snaps the market quickly back into a more reasonable trend that can be sustained (see previous "propellor corrections how they've played out).

Note: the angle between the support level and the 3 retracement lines in the 2013 chart below. You can see from that that the closer the retracement occurs to the peak blow-off, the higher the bottom will be. 2014 went low because it retraced so slowly and didn't hit the fan-line for a whole year.

Conclusion is, this means the bottom will be in fairly quickly and it's likely to be in the region of the $7500 level +/- 20% in my opinion followed by a fairly rapid (21 day) retrace to the upside as shorts close and off-book demand goes back onto the order books. If not, there are still a furter two consolidation levels available below that but it'd be a brave shorter that would put a lot of money behind adverse trades at those levels given the precedents IMO.




Nailed it.

Quoting for posterity.



799. Post 29816802 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Struggling to stay in $8,000 again. The fight continues.



800. Post 29817966 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: rafanadal on February 07, 2018, 08:35:43 PM
Struggling to stay in $8,000 again. The fight continues.

smh

https://www.urbandictionary.com/define.php?term=smh

Quote
smh
Acronym for 'shake my head' or 'shaking my head.' Usually used when someone finds something so stupid, no words can do it justice. Sometimes it's modified to 'smfh' or 'smmfh' by those that prefer profanity in their internet acronyms.



801. Post 29824098 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

The BCH thing doesn’t happen by magic.



802. Post 29863233 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

JOHn having a pre-$1M party with the boys?



803. Post 29953751 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: Torque on February 09, 2018, 07:50:20 PM
Hory shit, interbank lending has plunged.

https://fred.stlouisfed.org/series/IBLACBW027NBOG

Look at the 1 yr. What did they see coming in the New Year?

Is this an anomaly? I cannot find any story about this on the Internet.



804. Post 29958220 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: jojo69 on February 09, 2018, 08:34:49 PM
Hory shit, interbank lending has plunged.

https://fred.stlouisfed.org/series/IBLACBW027NBOG

Look at the 1 yr. What did they see coming in the New Year?

What is the significance of that indicator? Doesn't seem to have much $$$ in it even before the plunge?

As I recall, the collapse in inter-bank lending was one of the hallmarks of the '08 debacle.

That’s why I would have expected an article about it at ZeroHedge (but I am a day or two behind in my RSS feed).



805. Post 29976714 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Perhaps crop your quote if only replying with a single line?



806. Post 29979867 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: starmman on February 10, 2018, 07:58:38 AM
BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

It could indeed be another 'alts surpassing Bitcoin' in terms of drive towards higher prices. A Bitcoin stagnant - Alts booming kind of thing. Not completely irrational since not all alts are trying to solve the problem Bitcoin is trying to solve. But it makes reading the markets harder.



807. Post 29993884 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Such hate. Wow.



808. Post 29997034 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: BTCMILLIONAIRE on February 10, 2018, 01:36:54 PM
"ECB board member Yves Mersch said on Thursday that “cryptocurrencies” are “not money, nor will they be for the foreseeable future.”"

So we either have a pathological liar or a donkey who doesn't understand what money is in the board of the ECB.

I do not rule out that his view on money may require some ‘upgrading’  Wink



809. Post 30048977 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

If the bulls want to keep in charge, they have to act now. Although MACD 4hr shows a cross, the 1hr MACD could warrant a small rally to $8,500.

But overall, it seems we are preparing for a new leg down. I don’t guess on the target now.



810. Post 30062989 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

I think the ‘41 winter and Mr H. at the helm of the army instead of his generals played a crucial role. All the rest was the aftermath.



811. Post 30065450 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Pump done and there. Those for the short term may consider selling in this region  Roll Eyes



812. Post 30080531 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

iT:




813. Post 30127832 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: ghandi on February 12, 2018, 10:12:40 AM
Smells like uptrend. But i'm still waiting for confirmation around ~9500usd.

I am also looking for this so that:

- we have a higher high than in the recent downtrend
- we have a(n) (untested) breakout from the downward trend line (tops in the downtrend)

The market is stronger than I thought. All in all, good signs everywhere. We are approaching spring time  Cheesy



814. Post 30130100 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: BTCMILLIONAIRE on February 12, 2018, 11:04:30 AM
I had no clue what the BIS was, so I had to google it.

The BIS is the ‘central bank of central banks’. To be honest, the recent media outings of their chairman on the rise of cryptocurrencies were not exactly what the public is waiting for in terms of banking reform (how not to increase faith of the public in banks or: a PR disaster in the making). I hate to say it but the physical appearance of the guy also does not help in the minds of the public.

It all smells like making their long term irrelevance a given by their own (in)action, even without the ascent of cryptocurrencies.



815. Post 30130366 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

I had to leave this here:

https://www.reddit.com/r/btc/comments/7vgj26/explanation_of_btc_crash/?st=JDK4L4MG&sh=eee252dd



816. Post 30158711 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

I sold some Bitcoin for a couple of $100s of USDT, just to be sure that we reach $9k-10k soon  Grin



817. Post 30169588 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: bitserve on February 12, 2018, 10:46:58 PM
That's worrisome.

Perhaps time to place a double bottom and then get on with the show?



818. Post 30224914 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.43h):

Quote from: Biodom on February 13, 2018, 05:30:17 PM
My first attempt of using trading view...

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



819. Post 30234711 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: Biodom on February 13, 2018, 06:05:33 PM
I would like to see your projection, though.

I am favouring a scenario of a few months up to a year of lingering around $7k-15k, followed by the next hype wave. This because I do not feel that momentum in the broader perspective has been lost (to the contrary).

So a very broad view and rather positive. I do not have charts showing this.



820. Post 30237481 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: Last of the V8s on February 13, 2018, 09:41:16 PM
https://www.youtube.com/watch?v=_cuImsvmSf4
A dangerous Bitcoin & Bitcoin-Cash (BCash) Hack (that no one talks about)
early days on this yet

I was expecting an expert proclaiming a vulnerabilty of bitcoin software. Instead, I got Julian from TenX talking about (when looking through the comments) about 'chain reorganisations'? Roll Eyes

Anyway, things must be busy over at TenX (chirp..... chirp..... nope, no card over here..... nope, no card over there....  Grin ).

But perhaps I am missing the point  Grin



821. Post 30238623 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: Ibian on February 13, 2018, 10:11:06 PM
There's already people losing bitcoins from using it too early. This is one of the first losses.

https://twitter.com/rusty_twit/status/953043039701819392

Dood! That is EXACTLY what I was talking about before. Development 101! Test first, then TEST SOME MORE, then pay somebody to hack it for you (if necessary) and THEN release it...  Undecided

This would never have happened with a simple blocksize increase.

I guess thats not the point.



822. Post 30267038 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: JayJuanGee on February 14, 2018, 10:46:08 AM
... when prior to passing $10k, talk of $50k and $100k was considered as too much fantasy.  No longer the case.

Our minds have been prepared now. Priming minds followed by the real thing works best.



823. Post 30282649 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

This time, the path to $20,000 has already been paved  Grin



824. Post 30284326 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: realr0ach on February 14, 2018, 03:36:01 PM
What is silver backed by?

What kind of idiotic question is that? ...

It’s the essential question. I will let you figure that one out yourself  Wink



825. Post 30288169 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: bitserve on February 14, 2018, 04:36:39 PM
I really can't fathom what kind of alts you may be into.

Perhaps Silver?  Grin



826. Post 30306464 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Moonshot channel 2018 (re)opened  Roll Eyes




827. Post 30334686 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: PoolMinor on February 15, 2018, 10:41:01 AM


 You think that I give a shit about a DMI or if I would know one if I ran into it in a dark alley? 


Directional Movement Indicator

http://stockcharts.com/school/doku.php?st=dmi&id=chart_school:glossary_d#directional_movement_indicator_dmi

Explanation: we want a picture or it did not happen.



828. Post 30335696 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Thank you. I hope the cross holds  Roll Eyes



829. Post 30440044 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

In terms of awareness it is probably 1998 but adoption wise it is probably around 1995 with just the university kids on the Net. Cool colleagues have just started trading crypto but the rest is still ignoring it. Some probably will the rest of their lives  Grin



830. Post 30442121 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

So, we need to get Bitcoin on a CD ROM to get this going Cool



831. Post 30533077 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.44h):

Quote from: Karartma1 on February 18, 2018, 10:26:09 AM
I do not think you can call BCash small units Satoshi...

Perhaps BeeCashis?



832. Post 30617191 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

If it surpasses $12k, possibly with a retest if ‘classic’. We all know how ‘classic’ Bitcoin is.

To Tha Moon!



833. Post 30634357 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

In what way is the spam in the mempool ‘normal’?



834. Post 30647093 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

I guess the point is what the company involved says, supported by the law. If the law supports a blockchain shareholders register, then the Blockchain rules, also in court. Frankly, I do not see why this simple flat ledger technology will not blow regular exchanges out of the water over time (especially when Digital ID has been sorted out to the satisfaction of authorities).



835. Post 30666124 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Let’s do $50k instead of only 40.



836. Post 30671038 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Quote from: TERA2 on February 20, 2018, 09:25:11 AM
Extrapolating the bitcoin chart from the past years hasn't worked very well since 2013. You cant assume there is going to be a breakout every 2 months or 9 months or whatever.

You mean on the upside as well as on the downside  Cheesy



837. Post 30710395 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Quote from: realr0ach on February 20, 2018, 07:13:50 PM
...Jews ...



Yes, we know it is all her fault...  Roll Eyes



838. Post 30711764 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Quote from: BTCMILLIONAIRE on February 20, 2018, 07:48:21 PM
This is so confusing. How am I supposed to spend my golden years greeting customers if I'm not poor? There must have been a clerical error. Huh
Do it anyway. A job is now a voluntary activity! Jubilations!

https://www.youtube.com/watch?v=Z8zNsUTWsOc
I'm intrigued. Is this movie worth watching?

Only if you want to see the future...



839. Post 30719083 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Quote from: HairyMaclairy on February 20, 2018, 10:13:25 PM
Edit:   So I went over to r/BTC out of curiosity and waddya know,  l learned something.  https://counterparty.io  It’s coloured coins / tokenized assets for Bitcoin.  I have been looking for this for several months. Excellent.

Is it this long standing project (2014): https://bitcointalk.org/index.php?topic=395761.0  Roll Eyes



840. Post 30719146 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Quote from: BobLawblaw on February 20, 2018, 10:18:36 PM

-[...]
- Drinking beer
[...]


This would be a great start  Grin

One down, much more to go (... of the same).



841. Post 30886209 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.45h):

Quote from: Totscha on February 23, 2018, 08:40:37 AM
It is in fact a decentralized peer 2 peer network that enables any 2 parties in the world to exchange value over the internet without the need for trust and a central authority.

This is all you need to remember. This little red and green here and there will be just a distant blip in a few years.



842. Post 31118696 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.46h):

Honey Badger is making everyone dizzy  Grin



843. Post 31401766 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.46h):

This cloning thing looks familiar to the tech displayed in the sci-fi thriller series ‘Altered Carbon’.



844. Post 31646862 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.46h):

I can wait.



845. Post 31878197 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.47h):

Still looking good:



 Grin



846. Post 31968349 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.47h):

We basically have the rest of 2018 to play around in this price zone. Nothing is lost yet; from my perspective it is a waiting game while all clever boys and girls continue to build the crypto infrastructure.




847. Post 32099063 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.48h):

Quote from: Elwar on March 11, 2018, 09:58:53 PM
Fat finger trade sends the bitcoin price to $90k in Thailand.

http://bitcoingirlthailand.com/2018/03/11/fat-finger-trade-on-bitcoin-exchange-sends-the-price-to-2-8-million-baht-about-90k-btc/

No fat finger but price discovery  Grin



848. Post 32530539 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.48h):

Quote from: Vlada69 on March 17, 2018, 10:03:16 AM
Where did everyone go?

Just HODLing, nice and easy.



849. Post 32705822 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.49h):

Meanwhile, my Bitcoin is still fiat-worth more than a good part of 2017. No complaints here  Shocked Roll Eyes



850. Post 32708704 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.49h):

Quote from: bitserve on October 27, 1974, 11:47:21 PM

WTF is that shit?? lol


Car history and a great V12 (Countach) engine. Just because you can. But the tires of this baby aren’t cheap and don’t start about fuel consumption  Roll Eyes



851. Post 32784714 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.49h):

My Bitcoins are still worth what they were worth a small part of 2017. So no complaining here:




852. Post 32856212 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.49h):

Quote from: infofront on March 21, 2018, 07:24:56 PM
Bitcoin is, in fact, much more energy efficient than the legacy banking system. Also, we're still in the early days.

Oh no, a rational thinker. Can’t have that  Grin



853. Post 33119807 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.49h):

Whatever the price action, there is no way the concept of cryptocurrency is going to be 'uninvented'. This thing is here to stay and it is just waiting to catch the next wave. But these intermediate periods are rather dull (and test the resolve of weak minds that only focus on FIAT value).



854. Post 33286694 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.50h):

It looks like evil horns to me.



855. Post 33374644 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.50h):

Torque, well said.

Still a bit bearish or feeling upward potential already?



856. Post 33521919 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.50h):

No one is going to take this one away from us. Just relax and find out at what moment last year price broke through $6k.

There is nothing to worry about.



857. Post 33702677 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.50h):

Ha ha, seeing that Lambo makes be bullish again  Grin



858. Post 33928581 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.51h):

I see the ‘correction’ still has many of us spooked  Grin



859. Post 34130858 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.51h):

Quote from: serveria.com on April 07, 2018, 07:06:39 AM
Bearwhales can't seem to push the price any lower. Even FUD doesn't help much anymore. Grin Soon their resources will get exhausted and BOOM... straight to da moon!  Cool

I am afraid this proves could take a while. That’s just what it is.

Happy HODLing here, no fuzz  Grin



860. Post 34211070 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.51h):

Ill go for 05/06/2018.



861. Post 34750716 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.52h):

I will leave this one here:




862. Post 34751972 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.52h):

Quote from: Deeyoh on April 15, 2018, 12:22:53 PM
if you traded on his advice you would be broke about now.




863. Post 35508797 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.53h):

Quote from: BobLawblaw on April 24, 2018, 08:45:47 PM
Funnyclick. Spotted on Twitter: "3k bears in disbelief" - Russian tries to tell bear not to dump the market. Blyat, sooka, etc...

Also, Vodka likely involved.

https://twitter.com/JimBTC/status/988873765483352065



The bear got the last laugh  Wink (but not freedom)



864. Post 35570532 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.53h):

Hey Harris, 2011 is calling  Grin



865. Post 35719913 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.53h):

Quote from: HairyMaclairy on April 27, 2018, 01:11:07 PM
https://preview.ibb.co/ekhCzH/D053242_D_0589_4_F28_9_E53_4_EAE0922_F188.jpg

Beautiful  Grin



866. Post 36050924 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.54h):

Next bull run, people talk about what helicopter on their yacht’s flight deck.



867. Post 36101996 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.54h):

Quote from: B1tUnl0ck3r on May 02, 2018, 10:15:13 AM

There is nothing so disastrous as a rational investment policy in an irrational world.


I guess that thus no investment policy is normal anymore.



868. Post 36237392 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.54h):

Quote
https://i.imgur.com/pBPmMqM.jpg

I know this guy:



869. Post 36243722 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.54h):

The price is nice and steady around $9,650. Just waiting for the next pump  Cool



870. Post 36247381 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.54h):

I think a small (re)pump is materialising now. On a small timescale, exactly the way Bitcoin tends to creep higher and higher once market participants no longer dare to dump.



871. Post 36337081 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.54h):

Bitcoin never was ‘Classic TA’. Moon instead  Cool



872. Post 37073717 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.55h):

Quote from: Raja_MBZ on May 12, 2018, 04:52:39 PM
I'm taking your this comment as a signal of the next big pump. Smiley

We are still in the many x thousands and people complain  Huh

I am having the best times of my life....  Cool



873. Post 37158438 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.55h):

Quote from: xhomerx10 on May 13, 2018, 02:28:07 PM
I began using computers when I bought my first ZX81 kit and built it.
It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair.
Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs.
Still, fun days.

had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool.

the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood.

ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there  (386sx and onward).

also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl.

Wow the timex-Sinclair ! My first computer I think we paid around 50$

 Wow.  Is anyone in this thread younger than the Big Mac?

Probably, although I made my first PC rounds on a ZX81 as well.

I understand the Big Mac is from 1967, right?



874. Post 37286741 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.55h):

For those who have a lot of time on their hands: https://www.coindesk.com/events/consensus-2018/live/



875. Post 37546917 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.55h):

The long term chart posted is very important: we need to take the long view instead of bickering about a few $100s price movement. That is child’s play compared to where we are going.

Or will Bitcoin’s rise be stopped by it suddenly being ‘univented’ by mutual decision?  Roll Eyes



876. Post 37553065 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.55h):

A university grade can sometimes be a burden instead of an advantage when encountering new ideas. Perhaps ‘sometimes’ should be ‘many times’.

“A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it.”

-Planck-

History is littered with examples of this phenomenon. A reason I do not debate Bitcoin (or money as a general concept) with naysayers. It’s utter pointless.




877. Post 37611240 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.55h):

Thanks for the charts, Toxic. I am less pessimistic due to the course of events since the recent market peak. Too much bullishness from my perspective to go down to $3,xxx but for the same reason, this could also mean that your scenario will materialise. I would say: the better. The more pain, the more impressive the ensuing rally. Since I take the long view, I am by no means fazed or offended by a bearish point of view.



878. Post 37880998 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.56h):

I can remember a picture about/with Fontas. I was unable to retrieve it though. Something with lotsa $$$ bills.

— the Artist —



879. Post 39376061 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.57h):

Proper bottoming in this mini cycle demands that we go to $7,000 again, after which we should see an upwards wave to $9,000+

But of course I am too chicken to trade that scenario  Roll Eyes



880. Post 39386094 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.57h):

A chart to support my case for a short movement down but a small bull run towards $9,000+ in the medium run. I still would not dare to short that bull run, anxious as I am that the recovery still could be '2013-style'  Roll Eyes



If we go sub $7,000 now, I will make a speculative buy (indicators are already at bottom).




881. Post 39797138 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.57h):

This is the second dip in the intermediate bottoming cycle. If we hold $7,000, I see price higher in 14 days instead of lower (the ensuing rally could go over $9,000).



882. Post 39830125 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.57h):

Quote from: kingcolex on June 10, 2018, 02:58:30 PM
This is the second dip in the intermediate bottoming cycle. If we hold $7,000, I see price higher in 14 days instead of lower (the ensuing rally could go over $9,000).
There were a lot of dips a few weeks ago and $7000 held quite fucking steady, i won't be surprised if it gets close, real close but I expect$7400 soon as well.

Whoops, a bit lower than expected but I still think this is one of the better 'bottoms' for a speculative intermediate buy. The indicators have bottomed already and seem to be making a bottom again higher than the preceding short term bottom with the price making a lower bottom than the preceding higher bottom. I.e., possibly a tradable divergence.

But Bitcoin (and dumpers) can always surprise us  Cool




883. Post 39854647 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.57h):

Quote from: Toxic2040 link=topic=178336.msg39852119#msg39852119
A bullish recovery scenario on the weekly might look something like this all be it a bit exaggerated.
https://i.imgur.com/nvkE3Wq.jpg


I also prefer a scenario of a blend between 2013 correction and some kind of truncated 2014 move. That would indicate a 6-9 month slow period with price lingering in this zone, perhaps also lower, and an ensuing rally into 2019. So far, it is not the worst correction ever  Grin



884. Post 39987255 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

I do not know about you but I see 'opportunities'....  Roll Eyes




885. Post 39988032 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: blacky90 on June 12, 2018, 09:15:16 PM
what does this mean?

bitcoin is oversold?

It means potential oversold on the weekly. But you can also say it is catchin' falling knives. Price could drop $1,000 in an instant now but the very broad perspective presented in the chart may lessen our current fears.



886. Post 40042759 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: kingcolex on June 13, 2018, 04:08:00 PM
We must be near bottom just look at the despair in here holy shit.

Weekly indicators at the bottom. Longer term this is an excellent moment, looking at history, to increase holdings, but in real life it’s always so scary....

One of the usual 3 buy opportunities each year. I already shot my wad.



887. Post 40045751 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: LFC_Bitcoin on June 13, 2018, 04:43:34 PM

We are in free fall.

Good. Let ‘r rip and be done with this correction.



888. Post 40059481 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: Karartma1 on June 13, 2018, 08:16:25 PM
I don't care
I hold

Fuck ‘m, I’ll buy more below $5,000.



889. Post 40116618 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: rolling on June 14, 2018, 04:10:39 PM
How is producing 10 times the amount of money you have...not printing money out of thin air?

If not out of thin air, where does the new money come from?

It is underwritten by 3rd party debt - either sovereign, corporate or person debt.

A bank cannot simply create money "out of thin air".. They need to get an economically productive entity to underwrite it / "back" it with a promise of future productivity.


This makes no logical sense (although it is taught like this in universities). Money is supposed to represent production. It can only originate from production. Creating money to "represent" debt or future production is literally creating money "out of nothing". This is the problem with the current system, it is backwards and only exists because it allows governments and corporations unlimited power to steal from producers.

Real money can only be created out of production and only after this has happened, can it be borrowed to create debt, not the other way around. The current monetary system is not real money, it is a house of cards built on decades of mind-fucking the public. There will be an awakening.

 The only justification could be that the process described liquefies assets into money that can be used to fund buildup of means of future production.  In theory it’s a zero sum game with the money lent out returning at some point as repayment and thus disappearing from existence.

In practice, however, the loans in general are not repaid but rolled over into eternity at increasingly higher sums. This supported by continuously lowering interest rates artificially suppressed by central forces.

A perpetual debt machine with no intention of ever paying back the full outstanding debt.

A monster is what we have created.



890. Post 40165332 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: greensheep on June 15, 2018, 09:00:03 AM
Does anyone own a shitcoin?  Tongue
http://doiownashitcoin.com/

At least they got BCH right  Grin



891. Post 40259945 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: bitserve on June 16, 2018, 07:46:37 PM
Meanwhile



Stop what? Geez, the guy is completely paranoid. Noone cares about what he does or says anymore.

The question is not whether someone is going to stop him, but whether someone still cares.



892. Post 40271919 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.58h):

Quote from: suchmoon on June 17, 2018, 03:03:39 AM


No. That's just a silly sensationalist tweet. While DOGE may have more transactions, BCH transfers far more value.


that maybe so, but BCH transfers don't have MUCH WOW...

Or SUCH or MOON...

Or VERY.



893. Post 40614937 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.59h):

Quote from: El duderino_ on June 21, 2018, 06:37:58 PM
More Bcash double spendings  Shocked

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is somehow "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

Complete failure? Not at all. For those transactions worth waiting for, you can wait for block inclusion. It is an option that BTC does not give you.

Nice fkn spin there jbreher. You think you're the teflon man, but you aren't. Just a bullshitter.

I suppose by your reasoning then I can say that in Bitcoin for those that don't want to use SW, the legacy wallet addresses still work just fine. It is an option that BCH does not give you.



https://hackernoon.com/bitcoin-btc-bitcoin-cash-bch-part-1-dbf9fc69d687



894. Post 40639062 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.59h):

Quote from: infofront on June 22, 2018, 03:00:33 AM
I'm going to check into that this weekend. Sounds interesting.

I think here's more: https://medium.com/@coop__soup/00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a-cd4b67d446be



895. Post 40694312 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.59h):

The sooner we get this over with, the better. Remember, for every seller, there’s a buyer  Roll Eyes



896. Post 40745088 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.59h):

Just going to the point of maximum pain. Guessing the bottom is pointless. Just set your accumulation zone somewhere (between $6,000-$3,000) and ride this one out.



897. Post 40940318 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_15.59h):

I think ING is on to something here. The Big Wave has not started yet. It just takes more patience and sufficient progress in development so that adoption slowly increases, slowly but steadily.



898. Post 41366173 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

Quote from: TERA2 on July 02, 2018, 02:44:17 PM
[...]
Securities are backed by brick and mortar companies and company assets and employees and speculation etc and are not backed by a monetary system or a data system. Saying they would make bitcoin worth $10T is like saying that the server's hard drive at NASDAQ is worth $10T.
[...]

Don't spoil our party  Roll Eyes Grin



899. Post 41383137 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

Quote from: STT on July 02, 2018, 08:01:51 PM
Triple bottom on Platinum, must be a sign.

Do I understand you correctly that it will have the same ‘performance’ as Gold the last 5 years  Roll Eyes



900. Post 41589040 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

Quote from: Last of the V8s on July 05, 2018, 08:42:35 AM


This is new, with no feedback yet. Also pricey. dyor

I want these. Makes great conversation with people asking what the figures are all about.



901. Post 41613296 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

Quote from: regent4 on July 06, 2018, 12:55:07 AM
Daily


Hourly


Analysis
http://blockchainshowdown.blogspot.com/2018/07/btc-usd-6th-july-218.html

The charts show no price scale. And does the blog post have any text (my mobile only shows the same charts)?



902. Post 41850988 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

$19k was just ‘elevated’. I was awaiting ‘frenzy’ at $50k. But someone pulled the plug early.

Party Pooper   Roll Eyes



903. Post 41884411 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

My take on the current state affairs.

And yes, you may mine some Nimiq (https://www.nimiq.com/) and send me a small tip  Roll Eyes
Much appreciated.




904. Post 41928738 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.00h):

The chart shown still reflects a small rally into July but I more and more get the feeling that it could be just choppy sideways or even down in July  Roll Eyes This 'rally' is hardly convincing.




905. Post 41986456 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

At Wex (formerly BTC-E) BTC price touched $9,000 totday. Someone recognising true potential?



906. Post 42007692 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

I sense no despair yet. Although with some Alts, we are getting there  Grin



907. Post 42048985 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

At least all this hammering of the price leads to (the chance on) pressing a stronger bottom. Better bounce, better ensuing rally, better chances of following a H2 2013 scenario.



908. Post 42089923 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

What is the significance of the mempool rising:
*people obtaining more Bitcoin (exchanges, locabitcoins)
*people bringing Bitcoin to exchanges to dump
*other things not mentioned



909. Post 42115367 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Zero Hedge seems to turn bullish again: https://www.zerohedge.com/news/2018-07-12/steve-cohen-invests-crypto-hedge-fund



910. Post 42123632 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

The distinction between genius and mad is very thin  Grin



911. Post 42125669 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

A bit nutty, but his models seem to focus on October 2020 as peak moment: https://hackernoon.com/modelling-bitcoin-price-metcalfes-law-volatility-and-a-simulation-into-the-future-68ea0bcf5370



912. Post 42305137 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

25-30% efficiency improvement from Schnorr is not 'nothing', but also not earth shaking.



913. Post 42311689 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

I believe that the average overall growth rate of Bitcoin was about 0.47% a day.

That makes a theoretical 2.3x each 180 days.

Not bad.



914. Post 42326930 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Quote from: Anon136 on July 17, 2018, 05:12:26 AM
6800



I don't think there are too many people up to celebrate with you right now but I will. Cheers.

The 6800 has been a barrier lately. Breaking it would be a bullish signal. But a fail to break it would spoil our summer party.



915. Post 42366959 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

The mother of all pumps.

Did I see that Droganoff dude calling a few pages back?



916. Post 42369541 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):




917. Post 42370974 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Thanks for the charts, infofront. Scenarios to watch out for indeed.



918. Post 42390309 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Quote from: Anon136 on July 18, 2018, 04:46:08 AM

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

Why would you short right now instead of waiting for intermediate topping signals? Shorting just because ‘up’ is nothing but stepping in front of an upcoming train. I.e., bad trading practices.



919. Post 42428529 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Quote from: BobLawblaw on July 18, 2018, 03:11:33 PM
Saw on /r/bitcoin.

Food for thought.



Notice that final capitulation before it started in earnest.



920. Post 42456190 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Just something to ponder on. We could still be early: “Crypto’s Role in the Age of Autonomization” @TradecraftJake https://hackernoon.com/cryptos-role-in-the-age-of-autonomization-2bf414ceb5d2



921. Post 42460032 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Quote from: Phil_S on July 19, 2018, 07:36:56 AM
It's all empty talk.

A lot of people get angry over it. Mission accomplished.



922. Post 42465438 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Quote from: El duderino_ on July 19, 2018, 09:17:40 AM


History will not be kind.



923. Post 42466261 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

Quote from: Last of the V8s on July 19, 2018, 09:26:46 AM
3.Sherminator gets btc banned

I wonder how that would happen: ban the Internet?



924. Post 42506070 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.01h):

French or English, I cannot understand your point.



925. Post 42555904 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

On the 3day it is almost as if nothing happened. So nothing got damaged for a continued rise into August.



926. Post 42742602 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Good chance of going back to $7,000 to refuel for the next runup.



927. Post 42747892 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: Biodom on July 23, 2018, 05:55:54 PM
ha ha, ASCII pics, so 70ies.  Grin

Reminds me of strip poker on 8086's



928. Post 42774385 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: vroom on July 24, 2018, 08:00:44 AM

ethereum is such a failure. All this disk space for such important things like crypto kitties...

Just challenges for the future.



929. Post 42777387 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Most likely we get a small retrace and then a final push up at the end of July/start of August. Depending on the strength of the push, it will be down again to $5,xxx or a small dip towards bigger numbers above $10k. If the former, it would be an excellent opportunity to go FIAT for a while while the real bear plays out towards December 2018.

Somehow, I lean to the former scenario. But the price action will continue to tell the story onwards. Be flexible in your thinking.



930. Post 42780142 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

For those who love TA charts: “Bitcoin Market Analysis: The Blow Off Top” @TheFeralTaint https://medium.com/@lwilsonrn20/bitcoin-market-analysis-the-blow-off-top-9b08c858c5af

Some parts align with my thoughts of Bitcoin up until somewhere August, and down towards in September.



931. Post 42809022 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: kraterion on July 24, 2018, 04:47:46 PM
Sell the news


Probably sell the news. Just because Bitcoin loves to go in cycles.



932. Post 42812009 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: criptix on July 24, 2018, 08:11:41 PM
https://twitter.com/NewsCrypt0/status/1021787639316467713


The new Soros?



933. Post 42841945 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

"Banks have lost the race":
https://medium.com/2gether/why-we-are-going-to-change-the-world-well-at-least-we-will-try-384a4c5930f



934. Post 42873601 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

My thoughts for the moment (alts not joining this rally so I expect a dud):



We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move  Cool



935. Post 42874245 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Here from another source (TradingView):



From my perspective: invalidated if the 2nd top is way beyond $8,4xx.



936. Post 42875721 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: Last of the V8s on July 25, 2018, 09:31:28 PM
https://medium.com/tron-foundation/letter-to-the-community-bittorrent-acquisition-ae325875e6b9
 Huh

Pure marketing.



937. Post 42897167 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: Last of the V8s on July 26, 2018, 08:29:11 AM
What code did you write?

Respect



938. Post 42897467 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: mymenace on July 26, 2018, 09:11:00 AM
You can convert pdfs to word documents, just google it it's very easy. Use to do it quite often in college when I was plagiarizing things.
On topic, I personally think ETF's are coming just not on 10th of August. We will probably see a small drop when they delay it on the 10th. Most likely a bear trap, after that I think we will moon. All the news coming out and the price going up doesn't look like a coincidence to me. But then again what do I know I am a random stranger on the interwebz dyor.

Noted, No ETF, small rise until the 10th AUG, price drop, then back on the ETF news for new ATH, cheers

What kind of drop: $100s, $1,000(s)?



939. Post 42917194 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Bullish!



940. Post 42928969 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: bitserve on July 26, 2018, 06:07:22 PM

Wow! In case you didn't notice, Wekkel have just sent you *50* Merits. That's bullish as fuck! Smiley

What do that news say?

P.S.: It looks like it is something like this:


Quote
'Bitcoin with value of 100,000 euros inevitable'
Yesterday, 4:30 PM in NEWS

The bitcoin will get a value of one tonne. That says Mike Hutting, owner of BTC Direct, in the weekly crypto update. Although there is also another, slightly less positive scenario possible for the Bitcoin.

You're close to 500, thats why. And fellows stick together. But less Telegraaf for now, please  Grin



941. Post 42972514 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Final pump by the end of next week.



942. Post 42974159 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: El duderino_ on July 27, 2018, 02:05:12 PM
Final pump by the end of next week.

then let it be an insane pump......  Cool

I suspect $8,500-9,000 but of course I have been wrong before....  Roll Eyes



943. Post 42975657 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: d_eddie on July 27, 2018, 02:29:27 PM
The Motley Fool, too, suggests we might be in for a stock market crash.

https://finance.yahoo.com/news/favorite-warren-buffett-metric-tells-103400994.html

Everyone knows a crash is coming. No one knows when. That's the name of the game.



944. Post 43010617 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Major alts are not really following this rally. Dilemma: will they follow (as happened before) of is it a signal that the rally is a mirage?




945. Post 43019596 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

Quote from: fragout on July 28, 2018, 10:04:58 AM
Flag closing! Breakout imminent (-2hrs). but it is the weekend so not ideal.

You mean this one?




946. Post 43020811 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.02h):

I am thinking about the following scenario. Next week will prove whether I am right.




947. Post 43111645 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Going for the intermediate top in 4-6 days. After that, we will see whether it is (i) a 2013 recovery after a small downturn or - more severe - a retesting of the $5,8xx barrier, or (ii) a real bear market with testing and break of the $5,8xx barrier.

But perhaps there are takers for the scenario of shooting up to $10k in this runup  Roll Eyes



948. Post 43169729 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Just reloading for the final push up in this rally.



949. Post 43174823 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Quote from: vroom on July 30, 2018, 07:52:36 PM
This whole day has been totally unnecessary. 

no, this is how the bitcoin market works. the last dump was necessary to fuel the next pump to over 9k.

*rocket.gif*

This.

Next pump expected between 4-6 August.



950. Post 43209406 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Whatever the fun, ETHUSD is starting to look ugly and BTCUSD is also having some trouble to keep it up. I expect one more try to new medium term highs ($8,500+) the next few days before the cycle points down again.



951. Post 43227857 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Quote from: Gyrsur on July 31, 2018, 04:05:08 PM
Friggin whales are rolling about and it definitely not time to be out there in a boat!

Unless you've got a good harpoon to spear some cheap coins.  Cool

cheap coins. I'm still dreaming.


Your patience will be rewarded.



952. Post 43251602 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Quote from: HairyMaclairy on August 01, 2018, 02:27:10 AM
That’s cool.  Please provide us with your preferred interpretation and we can all learn.

Not about the trend line but this toppunt proces: Looking back it seems logical that there will be one final attempt to setting a top. Could take a few days to develop as the current dip has to be digested first.



953. Post 43353638 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Quote from: buyandhold on August 02, 2018, 05:53:16 PM
https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

One final attempt at $8,500-9,000 and then back to $6,xxx.

ETHUSD Looking more and more ugly BTW (get out while you can).



954. Post 43439174 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Quote from: HairyMaclairy on August 04, 2018, 03:44:21 AM
EMA failed to provide support.  Price failed to bounce off EMA as expected.  Bearish cross coming.



Perhaps too early. Give it a few days to develop.



955. Post 43470351 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

Quote from: HairyMaclairy on August 04, 2018, 07:44:16 AM
Perhaps too early. Give it a few days to develop.

Fair enough.  Let’s see how it pans out. 

Ok, now it looks bad.



956. Post 43540827 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.03h):

They will enter if it fits their purposes. With enough ' adoption', this will be inevitable.

Remember what Torque just said. Remember it well.



957. Post 44694175 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.05h):

Quote from: HairyMaclairy on August 26, 2018, 05:02:57 AM


Your scenario seems plausible. The current rally is lacklustre. But there is no catalyst (yet) for a sell off and such sell off going through $5,000.

Bear markets take so much patience .....



958. Post 45073193 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: Stolenaccount on September 02, 2018, 10:35:03 AM
So whats going on with that pump? Fake Tether pump? Do they try to start a bull run? [...]

A desperate (or stupid?) buy to keep precious BTC from rolling over again towards $6,000.

Ridiculous buy is and remains ridiculous buy  Grin


But everyone is free to buy massively at the top instead of the low  Cool Roll Eyes

The interests are getting higher and the battle more intensive. Do not interfere....



959. Post 45075025 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: serveria.com on September 02, 2018, 12:08:35 PM
Beartrolls are desperate as the big green dildo is closing in on their anuses  Grin Last miserable attempt to squeeze some BTC out of weak hands.

You are on to me. Another picture from another angle.



Seems legit  Cool



960. Post 45083609 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: LFC_Bitcoin on September 02, 2018, 02:46:42 PM
‘Do you regret not selling at 20k’

'Am I Marty McFly'?
'Do I have a Crystal Ball'?

In hindsight, everything is clear.

Now, it remain clear to me that the global 'all men in' bull market in permissionless decentralised currency has still to begin. So I am not worried.



961. Post 45100980 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: crypmike on September 02, 2018, 07:39:37 PM
Things become weird..


https://twitter.com/york780/status/1036332514854486016?s=21

Too much bullishness. But Bitcoin never stops surprising us. I can live with both scenario's (up or down). Please do not let it be boring sideways action for weeks  Roll Eyes



962. Post 45233947 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Now comes the hard question: still bullish as f* with a worldwide non-scalable 7tps global payment system or doubts who/what will be the future default decentralised payment network.

The latter would add to the scenario of a bull trap with a glide path towards sub $5,800.



963. Post 45238032 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Recovery from the dump seems weak. This is not over yet.



964. Post 45238738 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

An attempt for $7,400 could be expected the next few days. If that target is unreachable, it’s Hairy’s path towards $5,700. I hate to be bearish though...



965. Post 45249720 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

realr0ach never made it to the list....  Huh Roll Eyes



966. Post 45290105 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: greeklogos on September 06, 2018, 08:48:34 AM
Bloomberg says that the main reason of the fall is delay with crypto adaptation, by previous expectations of traders the adoption would happen much faster.

If this becomes the main narrative, they hit us in a weak spot. Can’t deny that adoption is going slow and user friendliness + scalability still aren’t there (yet).

Fuel for Fear Uncertainty Doubt and a leg down below $5,700 to Hairy’s Jan 2019 $3,xxx lair.

Did I say already that I’m overly bearish the last few months?



967. Post 45344973 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: goldkingcoiner on September 07, 2018, 04:12:57 PM
overhyped....

Welcome to the Real World.

Hype an Narrative. Nothing else matters.



968. Post 45348479 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

I am totally looking at that ... menu  Roll Eyes



969. Post 45355840 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: elrippos friend on September 07, 2018, 09:06:14 PM

Here we go with the tits  Roll Eyes Shocked Smiley

I tried to be more subtle  Grin

On another note: https://medium.com/@jimmysong/bitcoins-path-to-method-of-payment-6cb5b3297268

Clear Language, I think.



970. Post 45400384 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

The ‘Crash’ is in ETH. What a shit show... Roll Eyes



971. Post 45402752 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Unless my feeds are unduly delayed, it seems that declines in ETHUSD ‘lead’ the BTCUSD weakness with a few seconds. An altcoin leading the way; who could have known... Tongue



972. Post 45421451 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.06h):

Quote from: HairyMaclairy on September 09, 2018, 08:28:16 AM
Bitcoin is really boring. It doesn’t do anything. 

Signs of desolation.... with an occasional big move up or down.



973. Post 45453573 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: infofront on September 09, 2018, 06:02:22 PM

It's uncanny how well the ol' bubble cycle chart fits, isn't it?

We are not low enough... yet. There is no sign of depression ... at all. Look at the optimism here reigning. If the bull continues here, it would be a 2013 repeat.



974. Post 45501165 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: byebyehi on September 10, 2018, 05:37:20 PM
Im starting to realize that crypto is just a giant ponzi scheme.  Wish I never invested in this bullshit, Lost so much money and now I have constant suicidal thoughts.  I should of listened to warren buffets advice.

Losing in crypto: you must have bought high and contemplate selling low.

Even if it is a giant Ponzi, better to sit tight and hope for another Ponzi bubble.



975. Post 45550485 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

ETH is still leading the loss-pack. The pain is increasing.



976. Post 45551585 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

I think the point is that in respect of ETH, traders/holders really have a reason to sell: ICO's are dead.

The main selling point of ETH: gone.

No Future (although it won't go to $0.00)

Should ICO's become a thing again, higher powered chains may take over (EOS, Telos, Tron, whatever).

For now, alts that have their main trading pair in ETH have suffered immensely as well. But I can see alts decoupling from ETH (i.e., ETH going deeper down while ERC20 tokens stabilise in USD price; the world turned upside down  Shocked ).

The narrative of Bitcoin still stands: Digital Gold (I am still doubting whether LN is viable to support the 'payment system' narrative).

But there is a danger that the outflow out of ETH and other alts into Bitcoin may dry up. When we reach that point, will there be enough 'native' demand for Bitcoin to avoid a true bear market (like, going convincingly below 200 MA on the daily, just like the other bear markets)?

The times they are a-changin'



977. Post 45556614 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: dutchlincoln on September 11, 2018, 10:30:33 PM

i'll wait a few days more and buy me some ETH   Cheesy

MUST be going uphill, cant miss, an profit increase must be astonashing!

A wise trader at least waits for a second bottom before stepping in. But feel free to catch a fallin' knife.



978. Post 45651428 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: kirreev070 on September 13, 2018, 08:58:21 PM
A little better, but still expensive
https://ibb.co/kKMUFU][img]https://preview.ibb.co/dj7fN9/2018_09_13_23_57_19.png

Only Apple goes on stage with up to 2 year old models.

"Hé, we are Samsung. We've got this shiny new Galaxy S10 thing that can do tons of cool new stuff.....

but you can also buy our Galaxy S8 from 2017 for $800...."   Roll Eyes

Android users are awake  Cool



979. Post 45670696 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

You’re just describing the workings of a market. And the market - at least my screen - tells us that going below $6k is not really happening. The current short and mid term wave is pointing upwards again. Even although I feel lik we need a good spike down below $6,000 to move on.

My opinions don’t matter
The market is always right

The trend is your friend.

So I bend.



980. Post 45693283 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

I become very comfortable when looking at the weekly and 3days charts. Assuming a move up out of the triangle of course. But why wouldn’t it (sellers suddenly willing to sell after 6 months of no-crash)?



981. Post 45698432 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Yup. Something's off  Shocked Huh



982. Post 45756695 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

It seems a few weak days are ahead, absorbing the medium wave down for now. $6,300-6,500. That should then form the basis for the move to $7,000 again.



983. Post 45770143 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: crypmike on September 16, 2018, 10:05:24 AM
HODL vs Mean-Reversion strategies
150x difference in 6 years (even more now)

Does that mean short now or long?



984. Post 45783684 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

A home is a capital depreciating asset. Bitcoin isn’t.



985. Post 45786691 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: Icygreen on September 16, 2018, 04:06:35 PM
A home is a capital depreciating asset. Bitcoin isn’t.

Not in my experience. My home and properties have only appreciated in value. Maybe you bought in the wrong location?

Did it, or did the measurement stick devalue?



986. Post 45811646 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

The 4hr looks scary, but one could also say that the 2hr has nicely cooled and turning around for the next push upwards.

That’s the trouble with directionless markets: you can basically see any pattern. It depends on your conviction.

The last time, this 4hr situation was met with a truncated price action neutralising the down wave before it could do harm. I hope traders are lazy and take that as comfort and dare to hold on, because a leg down from here could be considerable (testing 2018 lows again).



987. Post 45831378 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

It’s still nothing and could be part of building base for a jump upwards (see MACD cross on the Daily).



988. Post 45836372 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

All of this is still just noise. Wake me up if price goes below $6,000.

[edit: right number  Grin ]



989. Post 45845003 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Price action has all the hall marks of a reversed BART forming.



990. Post 45889152 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

If smart money is smart, they may be looking ferociously to the record pile up of BTC shorts, just waiting to be short covered by whales teasing the price upwards and upwards. If that cow can still be milked, why wouldn't they?



991. Post 45909969 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

It may have been posted here already: https://hackernoon.com/state-of-bitcoin-fall-2018-9ccddba55e54

A lot of caveats but the general thesis is that we may still have some bear market months ahead of us.

Also some interesting metrics on potential Bitcoin valuations (no projections).



992. Post 45915314 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: eddie13 on September 19, 2018, 09:06:40 PM
[..]
It does look manipulative..

Manipulative or not, we are staying above $6,0xx for now, which is good. But organic buying pressure to lift us above $6,500 for a genuine rally still seems lacking. Perhaps this second bottom will help people cross that line from bear to bull.

https://bitcointalk.org/index.php?topic=274613.msg45913544#msg45913544

Developing....



993. Post 45963459 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Bears are getting smashed around. Not a good time to be a bear (but bulls aren't getting much either). Pigs get slaughtered. So HODL for the ordinary men.




994. Post 45971154 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Time for a medium term rally?



995. Post 46017428 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.07h):

Quote from: HairyMaclairy on September 22, 2018, 07:51:35 AM
We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?



996. Post 46020627 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

I suspect there will be more before this run is over. But it would be hard to surpass the last $7,4xx top.



997. Post 46041552 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

That was another bear smashed. The dump was so quick and gone that my trailing stop did not even trigger  Shocked
Lucky me  Cool

But it seems like a sign that the market is rudderless but restless. Can’t afford not to be in it I think. Quite contrary to my personal sentiment, a rocket could be in the works.



998. Post 46077029 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

I’d rather see a panic dump towards $5,200 first so that it is absolutely clear that we’ve hit bottom. But life is not always fair. Far from that.



999. Post 46078583 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: becoin on September 23, 2018, 05:01:55 PM
I’d rather see a panic dump towards $5,200 first so that it is absolutely clear that we’ve hit bottom. But life is not always fair. Far from that.

You're already panicking that there won't be such a dump.


A less than poor trader knows to be flexible.



1000. Post 46087199 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: Deeyoh on September 23, 2018, 05:35:28 PM
10,000 LTC buy in Binance.  .


Just looked up some - as they would call it here - shitcoins and, remarkably, volume on quite a few of them is significantly increasing since mid August. Smart players loading up?



1001. Post 46100466 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Still, this rally isn’t broken yet.



1002. Post 46136733 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Those on the Wyckoff trail: where is my $7,800?  Angry

Link: https://www.tradingview.com/chart/BTCUSD/ahiDpw8x-Definitely-Looking-Like-Wyckoff-Accumulation-Schematic-2/



1003. Post 46154692 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: ubg on September 25, 2018, 02:43:19 PM
Hey guys what are the known places to invest your earnings to generate more earnings?

Bombshell: purchase a Dash Masternode?



1004. Post 46155217 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: kirreev070 on September 25, 2018, 03:04:30 PM
Tokyo Whale Sells $230 Million of Bitcoin in Mt. Gox Wind-Down

https://www.bloomberg.com/news/articles/2018-09-25/tokyo-whale-sells-230-million-bitcoin-in-mt-gox-wind-down



Good.

The question is how much is left and how hungry the Bakkts and Novogratzs of this world are.

I think this news is bullish (surviving another MtGox fall out...).



1005. Post 46175251 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Bassen on the 4hr chart, I give it up to 4 days to find the way up again. So a few days of rest in no mans land, gentlemen.

On the larger time frame, no big selling close to $6,000 but also no big buys with this Ghostly MtGox seller around. Something has gotta give.



1006. Post 46178265 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: HairyMaclairy on September 26, 2018, 05:56:17 AM
Bassen on the 4hr chart, I give it up to 4 days to find the way up again. So a few days of rest in no mans land, gentlemen.

On the larger time frame, no big selling close to $6,000 but also no big buys with this Ghostly MtGox seller around. Something has gotta give.

Mt Gox coins haven’t moved since May. 

The wallet I am looking at has 107k Bitcoin and latest transaction (5k out) on 4 July 2018.
https://www.blockchain.com/nl/btc/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk



1007. Post 46187461 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

The free creation of any shitcoin is the power of cryptocurrencies. No one holds a monopoly.

Embrace it (not shitcoins, but this concept of freedom).



1008. Post 46189237 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: Torque on September 26, 2018, 12:10:28 PM
The free creation of any shitcoin is the power of cryptocurrencies. No one holds a monopoly.

Embrace it (not shitcoins, but this concept of freedom).

I don't dispute that. I dispute that a crypto is seen as having any monetary or value storage just because someone clicks a button and creates a blockchain.

My best advice: don’t fight the market, whether it is stupid or not.

Leading to: one may be well advised to stock up on shitcoins during a general market rise. Multiplier profits.



1009. Post 46193430 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

You don’t ty a multimillion dollar business to a network you do not control. At least, not from the start. Once crypto has proven reliable, they will come. Until then, expect Ripple - MSN AOL Compuserve - type of financial intranets. In fact, expect these to continue to exist and thrive next to a vibrant open source financial layer. Banks won’t go away, but will adapt into something sleek and non-intrusive.



1010. Post 46241313 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Where is 200MA now?



1011. Post 46250838 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

I’d be surprised if this rally hits $7,000. Still no conviction.



1012. Post 46262855 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

I see weak knees already. But let’s give $7,000 a fair chance.



1013. Post 46276433 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: kirreev070 on September 28, 2018, 02:52:05 PM


You hold Ripple?



1014. Post 46279093 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Someone is becoming bullish again: https://bitcointalk.org/index.php?topic=274613.msg46279031#msg46279031



1015. Post 46279297 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: jojo69 on September 28, 2018, 04:56:42 PM
hmmmm, a bart with a positive skew, not what I was expecting to wake up to, but I'll take it


Retest of $6,800 coming up. But I would not bet the bank on this short term bull run.



1016. Post 46310727 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Price has no clue anymore whatsoever. Traders be out and just watch what will happen.



1017. Post 46394963 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: Paashaas on October 01, 2018, 02:11:38 PM
Be aware if you travel to New Zealand these days.




https://www.radionz.co.nz/news/national/367642/travellers-refusing-digital-search-now-face-5000-customs-fine

WTF?

Never go to New Zealand.

On a separate note, Bitcoin price is cooling down in the 4hr chart but I think support will be found just below the $6,500 level. In other words: the sideways trend continues.



1018. Post 46414621 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: HairyMaclairy on October 02, 2018, 03:13:39 AM
Not until Q1 2021

Would be much better - long term - than an immediate resumption of the bull from here. Bitcoin would really let me down if it would not punish the rampant optimism all around. As if Bitcoin suddenly lets its course be plotted by cheerio guys. Want to have nothing of that.

I miss those brutal but purging bear market times.



1019. Post 46433439 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: El duderino_ on October 02, 2018, 09:10:05 AM
I love how you all still have hope. It's refreshing. Undecided
I'd hope it all works out for you, but, well...


The next peak is $180,000 in December 2021.   But the next 12 months are going to be boring and depressing as batshit, with occasional moments of sheer terror.  

Make your plans accordingly.  I suggest deep cold storage. Put it under a concrete slab if necessary.

So you and wekkel are not voting option 4 in here  Roll Eyes

https://twitter.com/fundstrat/status/1046457776753573890?s=21

I never click/tap Twitter links. Far too much hassle and my device wasting time to show a merely 140 character message. And not even counting going back to this thread.



1020. Post 46443448 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: kirreev070 on October 02, 2018, 09:17:15 PM
https://twitter.com/cryptostardust/status/1047139458422886400

I want to believe  Roll Eyes



1021. Post 46448223 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Meanwhile, we finally seem to get a nice correction into $6,3xx. That gives the ordinary trader some room to start buying again.



1022. Post 46461807 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: HairyMaclairy on October 03, 2018, 11:15:01 AM
For what it is worth, here is the current chart I use for trading.

Thanks.

IMHO the action becomes weaker and weaker, clearly visible on the 4hr chart, and with momentum to the downside increasing. Not necessarily a shit show yet but the bulls seem to momentarily loose the bigger momentum.

If the leg up from $6,424 does not surpass previous short term high (about $6,550), there is more pain to come.



1023. Post 46486510 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Nice pump. If the sheep follow up, we may make it to $6,700. But it all looks very tired now.



1024. Post 46518760 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: Torque on October 04, 2018, 08:52:47 PM
Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  Wink

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.



1025. Post 46519996 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

No one knows, so hedge your bets both ways.



1026. Post 46529717 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.08h):

Quote from: StartupAnalyst on October 05, 2018, 06:31:56 AM

https://preview.ibb.co/iihMde/photo_2018_10_04_11_42_53.jpg


Me discussing crypto with a colleague yesterday....



1027. Post 46543152 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: El duderino_ on October 05, 2018, 02:06:16 PM
https://i.imgur.com/pbBsInQ.png

many similar charts, common just draw a few with BIG GREEN DILDO'S thank you .

Less hypothetical than we may think.



1028. Post 46599718 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Many new pages: I thought rocket pump was finally there.

But all I got was reading up on a drunk Saturday evening.



1029. Post 46701260 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: afbitcoins on October 09, 2018, 09:52:42 PM

... ZX81 ...

Jetpack!



1030. Post 46730951 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

An interesting take on the NVT Signal: “How to Value Cryptoassets (Part I)” https://medium.com/whaleblocks/how-to-value-cryptoassets-part-i-49f244962c7d

But somehow it seems off for the current situation (see link in my comment beneath the article).



1031. Post 46736732 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Some thoughts on Woobull Charts: https://steemit.com/bitcoin/@wekkel/bitcoin-thoughts-on-some-woobull-charts-10-10-2018



1032. Post 46737781 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: HairyMaclairy on October 10, 2018, 07:22:50 PM
An interesting take on the NVT Signal: “How to Value Cryptoassets (Part I)” https://medium.com/whaleblocks/how-to-value-cryptoassets-part-i-49f244962c7d

But somehow it seems off for the current situation (see link in my comment beneath the article).

I’m not sure how they account for transaction batching in the NVT calculation, as the number of transactions is falling due to batching.


Thanks, makes sense. I found some useful info here but it dates from May 2018.

Key paragraph:
Quote
3.4 Has transaction count become an unreliable measure of Bitcoin’s usage because of batching?
Yes. We strongly encourage any analysts, investors, journalists, and developers to look past mere transaction count from now on. The default measure of Bitcoin’s performance should be “payments per day” rather than transaction count. This also makes Bitcoin more comparable with other UTXO chains. They generally have significantly variable payments-per-transaction ratios, so just using payments standardizes that. (Stay tuned: Coinmetrics will be rolling out tools to facilitate this very soon.)

More generally, we think that the economic value transmitted on the network is its most fundamental characteristic. Both the naive and the adjusted figures deserve to be considered. Adjusting raw output value is still more art than science, and best practices are still being developed. Again, Coinmetrics is actively developing open-source tools to make these adjustments available.

I lack the knowledge to see whether and if so, how this would impact the NVT Signal.

The questions are whether NVT Signal looks at transaction volume and whether batching would distort that metric (not necessarily but that depends on how NVT is calculated of course). Google is not giving me articles with conclusive direction. Willy Woo seem to confirm that batch transactions do not impact his NVT ratio: https://twitter.com/woonomic/status/973708939714965504

I am curious.



1033. Post 46746818 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: JayJuanGee on October 11, 2018, 05:51:07 AM
Our assets are sore from too much correlation.


Seems to be a short term perception.

No one is fearful .. yet.

That’s why we are in the doll drums the last few months.



1034. Post 46775104 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: StartupAnalyst on October 11, 2018, 08:56:43 PM
Chears!

Bears!



1035. Post 46776168 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Roubini seems to be soliciting for the ‘1995 Internet vs fax’ quote award in relation to cryptocurrencies. I think he will win  Roll Eyes



1036. Post 46783382 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: Hueristic on October 12, 2018, 03:18:27 AM






I hate eth but good for Vitalik for using his fame for something constructive. Smiley



Haha, shots fired....

If Nouriel has ideas about the next iteration of decentralised ‘sending value over the Internet’ systems, let him come forward. For the rest, it’s just a pony show.

I guess he will be tweeting about scammers and con artists in the regular financial world today.



1037. Post 46811725 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Some food for thougth: https://www.zerohedge.com/news/2018-10-07/web-30-myth-infrastructure-phase

Looking for the 'Adjacent Possible' now  Grin



1038. Post 46819475 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Long read but the essence to me is: what's good for gold will be good for Bitcoin as well.

https://www.goldmoney.com/research/goldmoney-insights/the-credit-cycle-is-on-the-turn?gmrefcode=gata



1039. Post 46827149 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

What Alistair, the author of the article I linked, contemplates is a scenario of increased inflation.

Yes, I think Bitcoin will be ‘risk off’ in a sudden collapse of financial markets.
But yes, I think Bitcoin will be ‘the Global Hype’ in an enduring fiat currency inflation (up to double digits) scenario.

It will be the crypto bull market you dreamed off.



1040. Post 46828345 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

I live near close enough to beg for a test drive in his Lambo one day  Roll Eyes



1041. Post 46848484 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

https://www.zerohedge.com/news/2018-10-13/mother-all-bubbles-roubini-bashes-bitcoin-blockchain-libertarians-misses-big

It reminds me of this:




1042. Post 46849232 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: JayJuanGee on October 13, 2018, 08:50:28 PM

According to Wekkel, Roach has a Lambo, supposedly.


I meant to refer to micgoossens, my bad. Mobile phones aren't all that....  Roll Eyes



1043. Post 46923207 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

There have been other groups showing interest in offering cryptcurrency to their customers. For now, it has not resulted in that MEGA pump (if this Tether thing is not to be counted). For now, it looks like that pump has no immediate follow up.



1044. Post 46924735 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: Last of the V8s on October 15, 2018, 06:30:49 PM
https://ftalphaville.ft.com/2018/10/15/1539602745000/It-s-really-happening----Woz-joins-Baroness-Mone-s-blockchain-company-/

This article requires registration. Any summary available?



1045. Post 46926163 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Meanwhile, the BFX BTC tether (mini) bubble is slowly deflating. Bitstamp parity soon again?



1046. Post 46926896 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: El duderino_ on October 15, 2018, 08:20:56 PM
Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?





MOON ??

Hyperbitcoinization: https://nakamotoinstitute.org/mempool/hyperbitcoinization/



1047. Post 46961190 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

The divergence is not very strong. It would have been better if the last low was lower than the previous one.

Still no mans land for now.



1048. Post 46962198 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: Dig Bicks on October 16, 2018, 08:32:39 PM
I still think bitcoin is a scam [...] its still a lot better than the corrupt fiat system.

It's not a scam, but an upgrade.




1049. Post 46963216 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: bitserve on October 16, 2018, 09:27:49 PM
Seems perfectly fair to me.

It's the usual thing as ever....

Quote
There are three classes of people: those who see. Those who see when they are shown. Those who do not see.


- Leonardo da Vinci -

Myself, I stopped lecturing people. I only show the way.



1050. Post 46964010 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.09h):

Quote from: itod on October 16, 2018, 09:59:09 PM
Can someone please explain to us who had better things to do yesterday then watching charts, what exactly happened for this green dildo to appear? Thanks.

Tether go boom. People trade the tether for the bitcoin. Mass Panic.

Does this mean that if Tether finally goes belly up, BTC goes to ATH instantly?

On selected exchanges that could be the case ... until such exchanges are locked and shut down eventually.

Lots FUD and much turnoil in the broader market then. So it’s not an ideal scenario. But free markets have a tendency to sniff out bullshit in the end. Tether is not done yet.



1051. Post 47004786 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: El duderino_ on October 17, 2018, 10:58:10 PM
via Imgflip Meme Generator

via Imgflip Meme Generator

Wait until inflation kicks in at double digits.

Can you spell ‘MAD rush into crypto’?



1052. Post 47005549 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

I’ll gladly join the Mad Hatters, please.




1053. Post 47023596 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: Last of the V8s on October 18, 2018, 03:44:47 PM
I’m the top sniper

Indeed, I would have expected a knife fighter to be much more modest.



1054. Post 47037586 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: realr0ach on October 19, 2018, 04:01:41 AM
What do fiat, derivatives, shitcoins, and any other type of scam you can think of all have in common?  They can all be transferred effortlessly over a digital cable because...you're not actually transferring anything of value at all.

It is transferring beliefs (implied or actual). Quite a human achievement I would say.



1055. Post 47038970 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Interesting analysis: Bitcoin Network Momentum by PositiveCrypto https://link.medium.com/OqclFfjn8Q

Key point is that the next bull run is probably at least a few months ahead.

DCA-accumulation time. We need more hats.



1056. Post 47043506 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

"trojan horse to a cashless society"

Ahem, by all means we are a cashless society already. Thinking that this will move in the other direction soon with networking/mobile/digitalisation only just having started in earnest, is chasing dreams.

You're too late, bro. That ship has sailed (with Gold lost along the way).



1057. Post 47045308 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

I still have to get behind a PC to change my avatar to The Hat.



1058. Post 47047074 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: Yaplatu on October 19, 2018, 10:53:44 AM
85%=> shitcoins  Roll Eyes

https://pbs.twimg.com/media/Dp3XbzOXgAAq_NV.jpg

This is the Interwebs. Source provide must: https://www.cryptocompare.com/media/34478555/cryptocompare-cryptoasset-taxonomy-report-2018.pdf



1059. Post 47056371 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: Paashaas on October 19, 2018, 03:44:15 PM
This place is turning into a shithole.

Time to move on i guess.

5 years too late  Grin

And beat market (never helps).

For 1st class crypto info, selected Telegram groups work very well.



1060. Post 47059146 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: Torque on October 19, 2018, 04:55:35 PM
If you can't see that direct correlation, then I can't help you man.

Be careful when challenging a person’s belief system  Grin



1061. Post 47074347 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Mad hatter representin'



1062. Post 47082768 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

A nice Saturday read: On Schelling points, network effects and Lindy: Inherent properties of communication by Willem Van Den Bergh https://link.medium.com/iyZDuYDAaR

Fidelity chiming in: The Evolution of Digital Cash by Fidelity Digital Assets https://link.medium.com/WKO0ukeBaR



1063. Post 47094145 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Some further weekend reading:

https://multicoin.capital/2018/10/09/100-trillion/
https://multicoin.capital/2018/03/15/paths-to-100T/
https://oleganza.com/all/renaissance-of-cryptography/
Work is Timeless, Stake is Not by Hugo Nguyen https://link.medium.com/b7UO5OJ2aR
https://blog.picks.co/pow-is-efficient-aa3d442754d3

It is clear that I have PoW on my mind. Something that the Bitcoin community really has to think about in terms of putting forward a simple ELI5 response when another no-coiner utters the words: "but ... but ... PoW energy consumption".

In this respect, perception matters. Do not give adversaries a chance to use this as an angle of attack.

[edit]micgoossens, that looks like a regular schuurfeest somewhere on a farmer's land instead of an official Oktoberfeste zelt auf die Messe. But still good fun  ;. [/edit]



1064. Post 47109094 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: HairyMaclairy on October 20, 2018, 08:52:40 PM
Continuing to watch this carefully. Continued drift away from red line.  Possible floor forming at $6350.   Also wary of Saturday night fuckery.

https://preview.ibb.co/db9tqf/0-AF1-A5-DD-758-C-4941-98-C5-106403-EE5-E21.png

I love your TA updates but perhaps we should not focus too much on the short term. The directionless low volume periods are well known to Bitcoin old timers and can last very long. Ideally, I see this heading towards a sloping down spike or mega dump, constituting the formal capitulation. But cold reasoning tells me that sentiment is too strong for this (2013 double pump similarity).

With such unclarity abound, trading makes no sense. HODL and accumulate with DCA advantage should be the preferred strategy then.

Reposting for those who missed it: https://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html?m=1

And some further reading on the potential growth of Bitcoin: Bitcoin’s Logarithmic Growth Rates, Facebook’s S-curve, and Future Projections by Awe & Wonder https://link.medium.com/q41Hedc1bR



1065. Post 47113171 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Not specifically TA but there are plenty of thoughts around that the dull period could last far into 2018. Not at $6,500 exactly but within a rather small bandwidth. Cherish such a period if you still want to add to your position.



1066. Post 47127617 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Not so much about crypto but a nice overview of some economic macro themes into 2019: https://www.zerohedge.com/news/2018-10-20/ecb-worst-run-central-bank-world-feliz-zulauf-sees-30-plunge-us-stocks-taking-world?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

If the US stock markets indeed go down with 25-30%, I think this would support the 'Bitcoin to $4,800 thesis' before the next bull run.

That would suggest a lot of patience.



1067. Post 47177357 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):



Living the Dream  Cool



1068. Post 47217319 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

A sobering read while the market goes sideways: https://hackernoon.com/what-will-it-take-for-crypto-to-boom-again-a7ef9c2ef982



1069. Post 47227028 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Some reading in this dull market:

The Tether Saga, illustrated timeline by Alex Krüger https://link.medium.com/6VxTphRqhR

What is Fidelity Digital Assets? by Michael K. Spencer https://link.medium.com/Qr4Zuv0qhR

.NET code on-chain: A Token Smart Contract Executing in Native C# / .NET on Stratis by Jordan Andrews https://link.medium.com/jUxsPlirhR




1070. Post 47231938 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: HairyMaclairy on October 24, 2018, 06:59:10 PM
This interpretation would have the bottom already in. I think it’s too early to call the bottom, but it’s possible that it is in.  But we are missing a high volume event to “seal” the bottom.  This make me think there is still one last crash event lurking out there.

https://preview.ibb.co/mO6eOA/3-FEE167-E-365-D-40-CA-B837-85-BD228-DCEF8.jpg




1071. Post 47234100 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: El duderino_ on October 24, 2018, 10:32:40 AM


 Grin  Grin

Corrected:



1072. Post 47243727 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: realr0ach on October 25, 2018, 07:11:42 AM
You would need tens of thousands or more transaction validators to avoid that

Rome was built in 1 day. I get that.



1073. Post 47250612 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Long read: https://jonchoi.com/cryptoideamaze/



1074. Post 47264853 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

1st part of a 4 part series (2-4 still to come): Planting Bitcoin — Species (1/4) by Dan Held https://link.medium.com/TBCYjBzcjR



1075. Post 47275907 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: infofront on October 25, 2018, 11:28:02 PM
We will likely have total insanity in the bitcoin markets this weekend. Technically, we could continue sideways for quite a while, but the odds of that are constantly decreasing.

Some alts are already rallying.



1076. Post 47278506 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: realr0ach on October 26, 2018, 06:38:02 AM
Nice spread between ScamFinex and slightly more legit exchanges.  A spread...otherwise known as a clue one exchange is not real because no arb is going on.

The spread is less than it was during the last Tether-shock.

In fact, I do not trust any exchange and consider it a necessary evil.



1077. Post 47346286 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.10h):

Quote from: realr0ach on October 28, 2018, 07:03:44 AM
I hope this forum remains up during the coming great depression where physical metals are preferred 5000000:1 over shitcoins so we can discuss it daily.

/Insert meme of skeleton waiting.

On another note, some sobering thoughts on decentralised computing: In the Crypto Ecosystem, It’s Still 1968 — But We’re Moving Fast by Eric Elliott https://link.medium.com/dMgL6jUqnR



1078. Post 47434821 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.11h):

Some reading:

https://iterative.capital/thesis/
https://www.coindesk.com/planting-bitcoin-species/



1079. Post 47514514 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.11h):

The long(er) play: As Bitcoin Hits A Major Milestone, What Happens Now? by Kevin Virgil https://link.medium.com/yme1RR6YvR



1080. Post 47587341 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.11h):

The bearish case: https://twitter.com/gravitywave2/status/1057925542727553024?s=19



1081. Post 47593139 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.11h):

Quote from: Torque on November 04, 2018, 08:31:53 PM
[...] they are working so hard to become just another Cryptsy 2.0 scammer platform.

They see the next true Dotcom era wave coming and want to suck in as much business as possible. Makes sense.



1082. Post 47622539 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.11h):

We are still very early: Dominos of Institutional Capital in the Crypto Market by LCX https://link.medium.com/Ck6fWY1yBR



1083. Post 47713308 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.11h):

From current 0.2% to 100% adoption means theroretically 9 doublings to go.

Count Me In  Grin



1084. Post 47726863 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.12h):

Quote from: JayJuanGee on November 09, 2018, 02:21:19 AM
From current 0.2% to 100% adoption means theroretically 9 doublings to go.

Count Me In  Grin

I'm confused about the formula to get from .2% adoption to 100%

Of course the math is reasonable nor realistic and completely in my favour.

There it goes: 0.2 x 2x2x2x2x2x2x2x2x2

Regardless whether the formula makes sense, if adoption is indeed still very low, 1. adoption rates can still spread like wildfire and 2. current prices are just a blimp of the potential price



1085. Post 47726963 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.12h):

Quote from: JayJuanGee on November 09, 2018, 02:21:19 AM
From current 0.2% to 100% adoption means theroretically 9 doublings to go.

Count Me In  Grin

I'm confused about the formula to get from .2% adoption to 100%

Of course the math is reasonable nor realistic and completely in my favour.

There it goes: 0.2 x 2x2x2x2x2x2x2x2x2

Regardless whether the formula makes sense, if adoption is indeed still very low, 1. adoption rates can still spread like wildfire and 2. current prices are just a blimp of the potential price



1086. Post 47787349 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.12h):

Bitcoin coin metrics: Cryptoasset Fundamental Analysis — 7 Indicators & Ratios to Watch by Jake Ryan https://link.medium.com/fBNL43KHKR

Conclusion: bottomed.



1087. Post 47921336 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

Quote from: mindrust on November 15, 2018, 10:02:37 AM
[...] long term.

Exactly. Meanwhile, posters can continue with their BCH Obser-vations in this thread.



1088. Post 47924487 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

I like this author’s style: https://hackernoon.com/why-the-price-of-bitcoin-doesnt-matter-64cb35528f63

And reading positive notes during a market slump is also pleasant.



1089. Post 47936317 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

Somebody knows everything again: https://www.zerohedge.com/news/2018-11-14/bank-england-unveils-seven-deadly-paradoxes-cryptocurrency?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Right...



1090. Post 47940641 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

Quote from: xhomerx10 on November 15, 2018, 09:59:56 PM
Guys I made something for you. 

https://i.imgur.com/TyBKRi8.gif

Bruce Lee - there is no limit




1091. Post 47964556 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

Torque, so that means $3,000?  Cool



1092. Post 47968301 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

It has a ring to it: https://www.epsilontheory.com/you-had-a-stamp-collection/

Spectacle, baby, spectacle....



1093. Post 48027193 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

Some reading up at the end of the weekend: https://twitter.com/nlw/status/1064192241860837376



1094. Post 48028340 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.13h):

Quote from: Dig Bicks on November 18, 2018, 09:51:47 PM
Just goes to show that money really can't buy happiness.

True. Your inner demons won't suddenly disappear.



1095. Post 48061797 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

The price will drop until buying morale improves.

This increase in volatility is absolutely the best that could happen. Bitcoins without volatility is either 100% domination or the project being dead.

We are watching healing in process.



1096. Post 48071709 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

I am happy. This is part of recharging the battery.

And r0ach also seems to have a great time.



1097. Post 48076774 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

Quote from: mindrust on November 20, 2018, 03:52:37 PM
https://i.imgur.com/FI9vwaD.png

$3K incoming.

Buy orders lined up  Grin

It could take a while ...



1098. Post 48113201 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

Quote from: HI-TEC99 on November 21, 2018, 09:54:05 PM
Books are so thin. Keep thinking something is a violent reaction either way, but then it fizzles out.

This is the lull before the next storm of either panic buying or panic selling.

Anything is possible but given the extreme low RSI on the daily, my money is on a strong rebound (50-100%). Perhaps wishful thinking, but still. Price never goes in a straight line.



1099. Post 48143994 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

Weekly MA 200 is at $3140 (BFX). Does not seem an illogical target for the bottom but I would first expect a small rally to $5,500-$5,700 (with double top RSI around 50 indicating the top for that upward correction).



1100. Post 48162361 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

Quote from: LFC_Bitcoin on November 23, 2018, 03:14:26 PM
A good year of posts like these should do the trick.

Dear n00bs that are in bitcoin to win some big fiat prize...bitcoin is over. Listen to the trolls. You lost your fiat.

Just like 2014, this thread was littered with shit posting noob/shill accounts.

Rinse, repeat indeed.

I would be very frightened by all the FUD, except that it did not materialise in 2011-2012, 2013 after the $250 peak, and 2014-2015.

You have some serious catch up to do and learn about 'money' if you think that (the idea of) Bitcoin will suddenly turn around and march away. Quite the contrary: the interest in 'sound money' will only increase in the next episode of Monty Python's version of contemporary fiat monetary politics.

The fuse is lit.....................



1101. Post 48162619 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

Quote from: realr0ach on November 23, 2018, 03:47:47 PM
Rinse, repeat indeed.

Look at trading view right now.  Like every single chart shows an imminent pump attempt, then that pump fails and plunges off a cliff again.  Then here's this thread with Bitmain shills spamming all over it trying to get people to sell before this imminent pump and dump attempt occurs.

you confuse market price action with the faith of Bitcoin.

I'dd happily sell a good pump as trader, only to get back in at a lower price. Bitcoin does not care.



1102. Post 48164422 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

mic reminds me of The Duck  Roll Eyes



1103. Post 48166539 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.14h):

My maximum point of pain is $0. And that won’t happen anytime soon. I would love the ride as it would be a trader’s dream.

But I prefer the continuation of the Grand Experiment at loftier levels  Roll Eyes



1104. Post 48170710 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

A bit strange but made me think: https://www.epsilontheory.com/whats-your-metagame-an-open-letter-to-the-crypto-community/



1105. Post 48178298 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

Quote from: Elwar on November 24, 2018, 05:31:12 AM

Umm...the guy said a whole lot of nothing with a lot of words.

Yes, lots of words is what he uses.

But there is an interesting thought on what he calls the ‘Metagame’. In other posts, he describes the behaviour of a coyote encountering a group of humans. The coyote stares down the humans with an expression like ‘I do not care for you humans; I’m not afraid of you’. And puts his nose in the air, turns around and goes away.

The coyote wins this game.

But the humans get together and discuss what they saw. A threatening predator that shows no fear for humans and willing to confront them instead of running away scared at the first sight of humans. The humans vow to hunt this animal so that it’s numbers are decimated.

The humans win. The humans win the Metagame. The coyote is not able to understand that by winning the individual with his behaviour, it is losing the Metagame.

I guess that is what he tries to ask: how is the cryptocurrency community intending to deal with the humans called ‘king’ when taking away their claim on society’s money? How will it save itself from the wrath of the King?

You’ll have to read it all between the lines but I sense that the author understands the tremendous power of of the idea of cryptocurrency. But somehow considers it a lost cause if it’s community does not come to terms with the King on how to blend in and give the King the King’s due.

Personally, I think the King may have less teeth than envisaged. On the other hand, it does is a force to recon with.

This guy does a lot of deep thinking (with a lot of words to express it  Cheesy ). It stems me positive to see some signs that he may be moving ahead in his thinking about cryptocurrency. We won’t make it just with this WO community (sorry guys).



1106. Post 48180233 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

It is clear that the ‘risk-on’ Money is leaving the market for now (also stocks etc) but no great topping process goes without violent ups and downs. Expect risk to switch ‘on’ a few times before the financial markets definitely go bear market.



1107. Post 48189116 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

Its just a market cycle: “Is it Curtains for Cryptocurrency?” by Patrick Tan https://link.medium.com/30ZWUOQR6R



1108. Post 48194233 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

The Drama. It’s real in this thread  Roll Eyes



1109. Post 48196000 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

Relatively low volume. This dump is going to pass  Grin



1110. Post 48209403 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

10 yrs ahead of us: “Buckle in. Cryptocurrencies Could Take Ten Years to Prove Themselves.” by Patrick Tan https://link.medium.com/kGLg67T77R



1111. Post 48252528 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.15h):

Boy, are you a negative bunch or what?

Nice attempt at bottom forming on the daily RSI.



1112. Post 48308179 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.16h):

Some more analysis eehm opinions:

https://www.tradingview.com/chart/BTCUSD/xKj9jSWs-BTC-Kissin-the-RSI-What-s-Your-Angle-19/
https://twitter.com/PositiveCrypto/status/1067780728845410305?s=19



1113. Post 48322923 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.16h):

One full page without newbie FUD replies. There must be a rally going on  Roll Eyes



1114. Post 48326014 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.16h):

Quote from: Last of the V8s on November 29, 2018, 03:33:22 PM
https://bitcoinfoundation.org/10-16-18-minutes-of-regular-meeting-of-the-board-of-directors-of-the-bitcoin-foundation/
09/30/18 Bitcoin Balance was 0.5801 coins equating to $3,841
09/30/18 ETH Balance was 158.9459 Ether equating to $37,011

Funny that the Bitcoin Foundation holds more Ether than Bitcoin.


Oh well  Roll Eyes



1115. Post 48330513 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.16h):

Quote from: Last of the V8s on November 29, 2018, 05:42:22 PM
https://www.coindesk.com/bitcoin-mining-giant-holds-flash-sale-to-celebrate-price-bottom
Bitcoin mining firm Canaan Creative has revealed it is temporarily cutting prices across all of its crypto mining devices.
As part of its “flash sale” starting today, all of the company’s miners – from the Avalon 921 (20 terahashes per second) to the Avalon 851 (14.5 TH/s) – are all [sic] available at $200 each.

hmmmm

1. Their website does not reflect the $200 price tags.
2. If I am correct, even if the miners are handed out for free, I still need a donation of $600 per month to stay even.

Only those who pay less than 0.08 KWh do not lose money.



1116. Post 48403046 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.17h):

Quote from: Toxic2040 on December 02, 2018, 07:05:45 PM
Don't you think if the weekly candle closes around this level ($4K+) in a few hours that would be a bullish signal in itself?

Yes I do.

[...]

A reversal from here - a real reversal - could be mean and with 'mean' I mean towards $8,000+



1117. Post 48506643 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

It’s brutal price discovery and that is good. Bitcoin is just as useful as $6,000 or any other price. It should stand on its own legs, even if that is at much lower prices.

The journey is the experience, not the result.



1118. Post 48510265 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

“After the crash” by Rob Knight https://link.medium.com/MYPayFN3rS

Ups and downs are part of the game.



1119. Post 48511076 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

I see divergence appearing on the daily RSI. But that does not preclude a further fall to $3,000. Just increasing chances that a bounce will appear sooner or later.

It’s the end of times and we just have to go through this.



1120. Post 48517858 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

There is wat too much posting going on for this to be desperation. But capitulation, it could be.



1121. Post 48520383 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

Quote from: JayJuanGee on December 07, 2018, 07:21:04 PM
I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

The bottom must be in.  "Officially."

I believe Proudhon if the financial system suddenly becomes sound. Until then, not a chance.

The fuse is lit...



1122. Post 48520627 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

Quote from: willope on December 07, 2018, 07:39:15 PM
Is there any working easy to use Lightning Network wallet?
I want to see how it actually works in real life.
The last time I checked it was almost a year ago and it was nowhere ready for mainstream use.

I understand that there are quite a few wallets available, some with a beautiful UI. But I haven’t investigated and tried myself yet. I believe there are a few lads here who know more.



1123. Post 48554198 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.19h):

Nice idea: “What Expensive Watches and Cryptocurrencies Have in Common? They’ll Never Go Extinct!” by United Traders https://link.medium.com/Mk7DC4wxvS

"Cryptocurrencies have assumed the role of lube in the gear that moves the black and grey parts of the global financial system. And let’s be honest here: the pure white financial system is fundamentally unsustainable. Which means cryptocurrencies are in no danger, and they, or their descendants, are here to stay forever. And no one will be able to ignore that"



1124. Post 48627931 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

Bear or no bear and your general lack of faith, the system continues to grow like Funghi: “Bitcoin is a Decentralized Organism (Mycelium) — Part 1 / 3” by Brandon Quittem https://link.medium.com/II5sdlaUAS



1125. Post 48628437 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

During bear markets, strange but interesting ponderings appear: “timechain : a decade of misunderstanding blockchain” by Gaurav Rana https://link.medium.com/1kmTTgAWAS



1126. Post 48631462 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

Quote from: JimboToronto on December 12, 2018, 10:12:09 PM

Nobody important.

An opinion. You know what that's worth nowadays  Roll Eyes



1127. Post 48650361 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

Price is still in the dolldrums so here's some more reading again. I do not like Twitter links but sometimes it is hard to avoid it.

https://twitter.com/danheld/status/1072973302505779200?s=19




1128. Post 48660870 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

We create our own (fictional) reality assuming it to be true. On that note: “Bitcoin: Knowing When Not To Buy” by Daniel Cimring https://link.medium.com/ibdV4txFDS



1129. Post 48660960 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

Quote from: goldkingcoiner on December 14, 2018, 10:40:16 AM
https://www.tradingview.com/x/UjpSlL8r/
You guys seeing what I'm seeing?

Divergence. I see Divergence!



1130. Post 48685494 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.20h):

Quote from: BTCMILLIONAIRE on December 15, 2018, 05:22:21 PM
I don't really think the price is "strangely" low at all, ....

Some people are buying cheap from those panic sellers. It will all pan out alright.



1131. Post 48729814 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.21h):

Some 'quick mafs' but caluation theory seems to be progessing: https://twitter.com/woonomic/status/1074615000587587589?s=19

The Bitcoin Story continues to be developped further and further.

Dont miss the weekly update: https://twitter.com/nlw/status/1074402477049552897?s=19



1132. Post 48730118 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.21h):

Good article but unfortunately only for Medium.com members: “Bitcoin and the Promise of Independent Property Rights” by Hasu https://link.medium.com/ewvJPkPtJS

Key take away:
"Civilization scales through cooperation, but cooperation between strangers is inherently hard. Social institutions can solve this prisoner’s dilemma and allow us to cooperate on a larger scale. At the bottom of the stack, we need a stable and benevolent monopoly on violence, to enforce the rules of the legal system and establish property rights. Until now, it was impossible to have strong property rights in places with a weak local government. Bitcoin does not depend on the existing system in any way and can give us the highest form of property rights, no matter who and where we are."

Those who think Bitcoin is done for will be in for a rude surprise.



1133. Post 48738204 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.21h):

Keep your eyes on the facts: https://twitter.com/aarontaycc/status/1074726598702551040?s=19

"Have assessed dozens of compelling arguments, charts and ratios for BTC having already bottomed, a 3K bottom, 2.5K bottom, 1K bottom etc.

Fact is nobody knows. All I know is price is 84% lower than a year ago and fundamentals have never looked better."

Edit: some more food for thought: https://twitter.com/zaoyang/status/1074634081713971200?s=19



1134. Post 48745500 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.21h):

Quote from: Bitcoinaire on December 18, 2018, 04:54:27 PM
... a double bubble ... occurring in 2019.

Perhaps ‘The Bubble’.....

Greatest wealth transfer ever.



1135. Post 48921226 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.23h):

Some links to serious 2018 Bitcoin articles: https://twitter.com/KnutKarnapp/status/1077570482680053765?s=19

In case you missed it  Cool



1136. Post 48939342 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.23h):

Macleod is always a good read: https://www.zerohedge.com/news/2018-12-28/arrival-credit-crisis

The question is: how will Bitcoin fare under increased inflation. I know the answer.



1137. Post 48972846 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.23h):

I think most linked articles in this one already made this thread but perhaps it is still helpful for some to catch up: “The Most Essential Crypto Long Reads 2018” by Nathaniel Whittemore https://link.medium.com/ubTRPEPM4S

Not Bitcoin but some thoughts in the TMC (Total Market Cap) of ETH and the TMC of all ERC-20 tokens: https://santiment.net/blog/eth-vs-erc-20-market-cap-comparison/
Summary in Tweets: https://twitter.com/santimentfeed/status/1079054446993248256?s=19

Micro miner, get paid in LN (I have not tried this one yet): https://twitter.com/RainDogDance/status/1079180922522611712?s=19

Low adoption of BCH make it useless: https://twitter.com/CharlieShrem/status/1078687403068526592?s=19



1138. Post 48974602 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.23h):

I installed Blue Wallet on my mobile to receive Lightning Network payments .... except receiving such payments is not supported by the wallet. But I already mined some mSats via the browser mining tool I posted a few posts back.

Anyone interested in these LN mSats, just post a LN payment request.



1139. Post 48986734 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.23h):

I just made my first Lightning Network payment. Great feeling and I am impressed how far LN came in one single year.

2019 will be F* Great for Bitcoin.



1140. Post 49007827 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.24h):

Quote from: samson on January 02, 2019, 09:34:10 AM
Fuck that, I wouldn't pay any and I would take the steps required to make sure I never have to pay any. This is one of the reasons why I left Euroland decades ago.

A 1.2% flat tax is actually a lot better than capital gains taxes which are usually much higher and much, much more complex. I do not know the capacity of the tax authorities to check one's crypto wealth but we have a saying in the Netherlands that you should not start a fight with:

1. the King
2. Johan Cruyff (meanwhile, he is deceased)
3. the tax authorities

Why create a potential fight with a strong and powerful enemy instead of paying a few FIAT crumbs as taxes? If they can't track it now, it does not mean they cannot track it later on  Roll Eyes

There is a difference between what we wish to be true and reality. Taxes are among them. And in the Netherlands, a lot of things are taken rather good care of with community money (from taxes). No swats of beggars on the streets and such.



1141. Post 49106916 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.24h):

Somebody is playing with a 500 BTC bid wall at Finex. It comes and goes  Roll Eyes



1142. Post 49116845 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Meanwhile, price is about to break upwards in the short term. It seems buyers are getting more cocky...  Roll Eyes



1143. Post 49119981 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Quote from: Paashaas on January 08, 2019, 03:27:20 PM
This is going to be a lot of fun if this is true.

[...]

https://i.imgur.com/cpVy0q1.png

People will go to jail for this  Grin



1144. Post 49124625 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Looking at another short pump (up) developing....

We need M0ar charts  Cool



1145. Post 49130708 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Quote from: Toxic2040 on January 09, 2019, 08:10:27 AM
[...]
4h
https://i.imgur.com/Frtrxxy.jpg
stronghands'19

I am all for the Weekend Rally towards $4,300.



1146. Post 49141444 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Cool, open up a free Lightning Network channel and start receiving Satoshi's right away for up to 30 days: https://www.bitrefill.com/thor-lightning-network-channels

LN network seems to be starting an exponential trend: https://bitcoinvisuals.com/lightning

The future is now.



1147. Post 49144941 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Quote from: Toxic2040 on January 09, 2019, 10:13:36 PM

----------
The flip-flop report

Some observer effects have been noted and I am now concerned that this "consolidation" period could turn into a correction downwards.

D
https://i.imgur.com/J1NYVbx.jpg
#dyor

I still want to see that attempt towards $4,300 but agree that the technical picture is deteriorating now towards a correction.

Arbitrary lines but this is what I am looking at:




1148. Post 49153229 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Good read: “A Crypto Thesis” by Pantera Capital https://link.medium.com/iwJ7YeUvmT



1149. Post 49155939 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Bitcoin Ponzi  Grin

https://www.zerohedge.com/news/2019-01-09/swiss-national-bank-suffers-15-billion-loss-2018-market-rout



1150. Post 49158460 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Quote from: kurious on January 10, 2019, 01:50:54 PM
Prediction time?  OK

I posted a bullish chart, so it went bust of course...  Grin

The dip seems to small to be called a real dip. I see more in your scenario if the dip morphs in a (successful) retest of the low $3,xxx zone.



1151. Post 49179467 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Adding some wishful thinking:




1152. Post 49191186 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Quote from: realr0ach on January 12, 2019, 11:23:40 AM
[...]Lightning Network is an exact replica of the current banking system [...]

You have to upgrade your thinking.... Roll Eyes



1153. Post 49191574 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Quote from: realr0ach on January 12, 2019, 11:57:53 AM
Of course lightning is a far weaker system than Bitcoin offering far less security and censorship resistance.

You miss the point it does nothing to fix the current monetary system.  

Can only banks start a Lightning Network Node?
Can only banks validate LN transactions?
Can banks create Bitcoin out of thin air?

Your reasoning does not hold up under scrutiny.

Something else:


bitcoin nodes

I wonder how that relates to the spread of wealth in Europe  Roll Eyes



1154. Post 49192554 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

If we take the following grand themes as the truth, the future of cryptocurrency is bright:

Quote
Deflationary expectations, now 40+ years old, are becoming inflationary expectations.
Cooperative and multi-play games in both international politics and domestic politics, now 70+ years old, are becoming competitive and single-play games.
Modern capital markets, now 150+ years old, are becoming political utilities.
Source: https://www.epsilontheory.com/you-are-here/



1155. Post 49193945 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Macleod with a short history of the euro. Probably well known already among readers here but nonetheless a good summary: https://www.goldmoney.com/research/goldmoney-insights/the-tragedy-of-the-euro

Hint: continued failure of fiat currencies = bullish for crypto.

Quote from: realr0ach on January 12, 2019, 12:21:14 PM
Can only banks start a Lightning Network Node?
Can only banks validate LN transactions?

Can YOU create a fucking branch bank right now?  NO.  


No need to swear.  Roll Eyes

Quote
You need massive capital, lawyers, govt connections, and everything else.  All of the same rules will apply to Lightning nodes, just NOT DAY ONE.  Stop playing dumb.  Those regulations and red tape (AML/KYC) will lock out any wildcat nodes and the only ones will be run by people like Bank of America and Goldman Sachs.  

Anything that has an easily identifiable physical or digital surface attack vector will be enveloped by the current system.  Claiming you're going to run a wildcat Lightning node is like claiming you're going to be some type freelance illegal porn distributor and the FBI is not going to kick in your door.  If you're capable of putting 1+1 together, shilling for Lightning is like shilling directly for Goldman Sachs.

You seem to imply that government can (and will) shutdown LN nodes unless they have been vetted and are licensed. Wouldnt the same be true for Bitcoin nodes?

In other words: are you arguing that the government can feasibly block Bitcoin and LN networks ?



1156. Post 49196760 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Meanwhile, r0ach is evading the elephant in the room:

Quote from: Wekkel on January 12, 2019, 12:07:17 PM
Can banks create Bitcoin out of thin air?



1157. Post 49196833 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.25h):

Just to let you know that mineIOTA.com will support payout in Lightning Network soon: https://mineiota.com/

Cool!



1158. Post 49204787 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: HairyMaclairy on January 13, 2019, 06:58:52 AM
Well it enables rule breaking.

So the real question is what rules are you going to break on your seastead?  

About rule breaking: interview with Bittorrent guy (4-series) “Why BitTorrent Mattered — Bittorrent Lessons for Crypto (1 of 4)” by Simon Morris https://link.medium.com/ZnJUFMOerT



1159. Post 49232553 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Something to ponder: your carefully crafted high quality posts matter.

https://www.reddit.com/r/slatestarcodex/comments/9rvroo/most_of_what_you_read_on_the_internet_is_written



1160. Post 49233430 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Dunno the validity of this thesis but capitial controls could help advancing the case for Bitcoin: https://www.zerohedge.com/news/2019-01-14/chinas-capital-outflows-are-suddenly-soaring-again-and-why-great-news-cryptos

Old news already but Tyler seems to really craft the narrative again by building up a bullish case for Bitcoin again after some luke warm articles in 2018: https://www.zerohedge.com/news/2019-01-14/russia-prepares-buy-10-billion-bitcoin-evade-us-sanctions

Tyler cant afford to be on the wrong side if we really take off again  Grin



1161. Post 49234344 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: Last of the V8s on January 14, 2019, 08:33:44 PM
https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
[...]


Would you mind explaining the purpose of DT1 and DT2?

Never heard of it  Roll Eyes



1162. Post 49243792 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

How come the narrative is switching from "Cryptopia hacked" to "Ethereum hacked"?

Is there substantial evidence that the Cryptopia hack was not about hacking into Cryptopia computers but a hack of the ETH network itself?



1163. Post 49244039 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

ETH (and, soon, EOS/TELOS) is a good 'token factory' platform and for that, it may have a continued reason to exist. The idea of executing computer code in a decentralised manner wont go away. I think not all corners of the playing field have been found yet. I doubt we have seen the last of it, although the ICO rage was spectacular including it's demise (for now).

For anonymous projects, the ICO vehicle will remain to hold its application value (continuing to 'break the rules' in the meantime) as well as for applications that require a token for their operation on a generally recognized and 'stable' platform.

As such, I am not in the Hate CampTM when it comes to crypto projects beside Bitcoin.



1164. Post 49247212 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: Torque on January 15, 2019, 03:51:41 PM
So I guess people believe that as long as a crypto is secure, scales, has a good wallet, can run a node, and runs on good hardware, then....

....it really doesn't NEED TO HAVE ANY PURPOSE FOR EXISTING BEYOND THOSE THINGS TO BE A SUCCESS??

[...]

Where did you pick up that thought?



1165. Post 49250118 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: Torque on January 15, 2019, 05:26:28 PM
Let's go down the rabbit hole of debate, shall we. Let's dispel the delusion.

Bitcoin: mostly speculation
Use: store of value, (up to certain level) payment network

Ethereum: mostly speculation
Use: decentralised computing, USP less clear than Bitcoin



1166. Post 49251006 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: El duderino_ on January 15, 2019, 08:40:20 PM
got the poll very wrong Roll Eyes


I was too optimistic as well. But not too optimistic. Basically, it's a sideways affair now. Probably for a longer time than we wish  Roll Eyes



1167. Post 49251476 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Better than they find it now that trying to fix thing after the fact. But it is a drum to beat by some people...

Meanwhile, something to read: https://offthechain.substack.com/p/bitcoins-revenue-multiple



1168. Post 49257718 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

I love your 'feet on the ground' exploration of the Hong Kong BTC scene.

In respect of the Lightning Network I stumbled on this article:  https://www.theblockcrypto.com/2019/01/15/the-growth-of-the-lightning-network-has-been-remarkable-but-theres-a-catch/

Conclusion: a bit of centralisation going on in terms of network capacity, but the area is still young  Kiss



1169. Post 49260494 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Crypto winters no longer exist.

They merely are 'pauses'.

Remember, the narrative counts above all  Roll Eyes Men rather sees his ideas shared than his ideas reflecting the truth  Kiss



1170. Post 49262486 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: bitserve on January 16, 2019, 02:00:25 PM
Isn't it almost incredible how far the ATH or even $10K+ seems about now?

To the contrary, $10k seems incredibly near. Especially knowing that Bitcoin is still in it's infancy.



1171. Post 49263980 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: pönde on January 16, 2019, 03:04:56 PM
Why this drop anyway happened?

Individual preferences of persons maintaining a node/channel.



1172. Post 49265918 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

*remembering to hodl longer and stay alive at least until 2023*



1173. Post 49274975 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

https://www.coindesk.com/bitcoin-will-still-bite-the-dust

Quote
An inferior product cannot survive

Thats why we still have http and html  Grin



1174. Post 49280732 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Another nice gem: https://twitter.com/TheBitcoinSOV/status/1085539350778167297?s=19

Quote
Bitcoin will eventually demolish the stock to flow ratio of gold and is ALREADY near parity with it... Whew.

"As bitcoin approaches infinite stock to flow ratio it will be the soundest money in existence. Infinite soundness is hard to beat." —  @dergigi https://t.co/TvCEPv7Peu https://t.co/7TzV6sIMUW"

Remember, for Bitcoin to succeed, only fiat needs to fail. Little by little, drip drip drip....



1175. Post 49281852 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: Syke on January 17, 2019, 02:56:51 PM
Remember, for Bitcoin to succeed, only fiat needs to fail. Little by little, drip drip drip....

Infinite inflation makes that inevitable.

You have discovered the secret  Grin



1176. Post 49282982 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: hv_ on January 17, 2019, 03:54:23 PM

If u shill for a clean p2p cash - u should choose BSV .

 Grin

If u shill like a total idiot, shill like Ver’s doing in that tweet.



1177. Post 49285437 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Grin seems to complicated. Exchanging files, both sender and receiver having to be online and actively do something, etc. This does not seem like a winner to me at first sight. Very interesting but also very complex.

Too bad they launched with only Linux mining software. The need for high level GPUs  for GPU mining with more than 4GB also makes this a rich Western World man’s game for now.

But any intellectual endeavour is good. That we may learn a lot from this project.



1178. Post 49294612 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: Toxic2040 on January 18, 2019, 05:57:58 AM
[...]Here is some light reading for you guys if you care to delve any deeper....quiz's in the AM.
 
[...]

https://archive.is/20130121151738/http://www.dbskeptic.com/2007/11/04/apophenia-definition-and-analysis/

[...]


This link is not working, I'm afraid.



1179. Post 49298431 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: Torque on January 18, 2019, 01:59:52 PM

The only thing he's *really* lost is his respect and his pride [...].

The only thing truly valuable in life.



1180. Post 49303592 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

On that note, Macleod is on a tear again: https://www.goldmoney.com/research/goldmoney-insights/crypto-credibility?gmrefcode=gata

Imagine that Epic Crypto Bubble  Roll Eyes



1181. Post 49304644 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: JayJuanGee on January 18, 2019, 09:10:58 PM
[...]
I still am inclined to believe that shit coins are coming along for at least one more btc pumpening
[..]

The main reason to hold on a little longer to all those creative coins  Cool



1182. Post 49305117 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.26h):

Quote from: realr0ach on January 18, 2019, 10:48:51 PM
That guy is some high strung britcuck affiliated with a bunch of paper gold moneychangers.  

Of course: he looks at the real world instead of the make believe world.

Epic Crypto Bubble awaiting... (could take a few years)  Cool



1183. Post 49314730 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: El duderino_ on January 19, 2019, 02:23:19 PM
via Imgflip Meme Generator

Schiphol. Above the bus/taxi stands.



1184. Post 49315313 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: El duderino_ on January 19, 2019, 03:16:16 PM

yeah the moment when you leave the arrival section to go to the car parkings......

Technically, that's municipality Haarlemmermeer and not Amsterdam. But as a tourist, I forgive you  Kiss



1185. Post 49317013 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: realr0ach on January 19, 2019, 04:46:33 PM

[...]any intelligent person has already confronted the idea of nihilism, that nothing you do actually matters because the sun is going to turn into a red giant and kill everything anyway, and the speed of light and heat death of the universe, blah blah, would make trying to escape mostly pointless.  [...]

Does your first name happen to be Rick?




1186. Post 49318643 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Some links I stumbled into:

https://twitter.com/davthewave/status/1086511610703667200?s=19

https://twitter.com/bitstein/status/1086411819261067264?s=19

https://www.theblockcrypto.com/2019/01/18/from-reckless-to-wumbology-lightning-networks-infrastructural-build-out/










1187. Post 49319577 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Reading older work still satisfies: https://nakamotoinstitute.org/mempool/speculative-attack/



1188. Post 49321284 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: kurious on January 19, 2019, 10:58:06 PM

I will refer the house to an earlier comment from the honorable member Jojo:


You are showing your age  Grin



1189. Post 49355524 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: realr0ach on January 21, 2019, 08:17:02 PM
Bitcoin does not have a valid Schelling point

I only know one person who keeps hammering on this point. Well, theory is just that .... a theory.

Honey Badger ain't no know Mr Schelling and does not care.


To me, Schelling point solely seems to be a fancy way of arguing that Bitcoin can be copied. Good luck with that. The existence of 1,000s of copy cat coins for many years while Bitcoin is still worth more than $0, proves this interesting quasi intellectual wordy argumentation as useless as Bitcoin Cash  Grin

Dead. In. The. Water.



1190. Post 49355803 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: realr0ach on January 21, 2019, 08:35:22 PM
Bitcoin does not have a valid Schelling point

I only know one person who keeps hammering on this point.

It's like Anonymint said [...]


Why not address the argument for once. Prove Schelling Point true for Bitcoin in the face of existing facts

Quote
[...] Andreas Antonopolous [...].

Red Herring not working on my Teflon suit.



I am also still awaiting your response on how someone can 'print' Bitcoins: https://bitcointalk.org/index.php?topic=178336.msg49196760#msg49196760

Serve rehashed points, evade, try to provoke with useless racist stormfront material. Rinse. Repeat.

I would appreciate your rational arguments and thoughts without the bull shit surrounding it. That would be much appreciated.



1191. Post 49356154 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: LFC_Bitcoin on January 21, 2019, 09:13:54 PM
[...]
Have we definitely seen the bottom of this cycle?

Thoughts?

Crystal Balls aplenty; my gut feeling is that we are all far too optimistic (and WO thread is far too busy) to have reached a bottom. But this cycle could be different than 2014-2015. We have plenty going for Bitcoin at this moment:

* we see the continued rise of Bitcoin as a value network (e.g., actual use, the narrative)
* we see a meteoric rise of the capacity on the Lighting Network (LN), with an acceleration this January because of many simple-install-no-own-node-needed mobile wallets appearing
* big improvements on LN expected this year: https://bitcoinexchangeguide.com/bitcoins-lightning-network-sets-up-for-a-major-2019-rollout-while-current-capacity-crosses-540-btc/
* improvements on the Bitcoin protocol (work on further reducing overhead, transaction data size, increasing anonymity)
* increasing doubts among an increasing number of citizens about the long term viability of our current monetary system
* increasing clarity on legality of cryptocurrencies
* increasing capacity of Internet-Everywhere mobile networks (5G coming in the Western World)
* crypto hubs arising (companies like TenX, Crypto.com and Plutus could morph into Paypal like crypto payment processors)
* payment hardware - finally - evolving, making a break with legacy payment networks easier

Infrastructure is being added as we speak. The Next Big Wave may come before Crypto Winter really sets in. Who knows.

For Bitcoin to succeed, fiat only has to fail. Slowly but surely. Drip drip drip.
Regardless whether we will bottom lower than $3,200 or not.

Looking at my own activity (hardly a measure for the phase that Bitcoin is in), we either do not bottom soon (place should be deserted here...) or the next move up is in the cards in the course of this year. My best guess is that we first need to see the next installment of dApps. A very popular one, that will fuel the wave again. Probably something involving a game or decentralised banking (although I think we need proper decentralised IBC infrastructure first).

Something that 'breaks the rules'.





1192. Post 49356461 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: realr0ach on January 21, 2019, 09:46:52 PM
[...] I consider this thread a warzone where there is a battle to be fought between centralized, valueless, non-fungible, imaginary digital token scams [...]

You should move your 'war zone' to https://www.reddit.com/r/cryptocurrency to have a meaningful impact  Grin



1193. Post 49356962 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

I suggest to read this carefully: https://www.zerohedge.com/news/2019-01-21/there-will-be-blood-future-asset-management



1194. Post 49364946 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Is the Coindesk summary of the BIS report on Bitcoin true?

Quote
The document’s overall conclusion is that, according to the researchers, “in the digital age too, good money is likely to remain a social construct rather than a purely technological one.”

Hardly a new or worrying conclusion.

The core of the matter is and remains: is it 'good money'... (at least, better than fiat).

We know the answer  Roll Eyes



1195. Post 49372007 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: mindrust on January 22, 2019, 08:10:00 PM
To accomplish great stuff, that usually means you need to work hard all the time. [...]

I have seen the word 'usually' but I would rather describe it as follows:
Quote
To accomplish great stuff, you need to persist, focus and constantly test your assumptions

Especially the latter is usually absent when talking Bitcoin (yes, I fall into the same pitfall)  Cool



1196. Post 49373957 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Long read but essential: https://fs.blog/2019/01/yuval-noah-harari-dominate-earth

The same principle will propel Bitcoin to new heights, if the narrative remains compelling. We all have our role to play.



1197. Post 49381294 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Something to get into the mood again: https://twitter.com/iwearahoodie/status/1087752442840702976?s=19



1198. Post 49386733 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Interesting read: “Quantum Narratives” by Dan Held https://link.medium.com/0lIe5QiyIT



1199. Post 49403543 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

I could play this all day: https://errorna.me/tools/lucky/



1200. Post 49406835 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: Cryptotourist on January 24, 2019, 05:20:25 PM
I could play this all day: https://errorna.me/tools/lucky/

Cute, but: 1/340,282,366,920,938,463,463,374,607,431,768,211,456 to win, so..... Roll Eyes

I believe the chances of getting to visit Mars before I die are greater  Grin


There are quicker ways to test your luck. But for perspective, the change of being hit by lightning 30,000 per second for the rest of your life is way, way bigger than finding a loaded wallet by random keypair lookup.



1201. Post 49407320 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.27h):

Quote from: Globb0 on January 24, 2019, 08:53:51 PM

So what do you suggest?


Just buy Bitcoin  Grin



1202. Post 49428106 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Woonomic chart indicates that we may be at bottom:
http://charts.woobull.com/bitcoin-mvrv-ratio/

Just endure a little bit more.



1203. Post 49430788 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Quote from: El duderino_ on January 26, 2019, 10:44:21 AM
https://i.imgur.com/WWy5Kxu.png

https://twitter.com/DeaterBob/status/1088900067694731265


a chart of HOPIUM Smiley

Fixed this for you  Cool




1204. Post 49439564 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Quote from: Last of the V8s on January 26, 2019, 10:05:21 PM
@UncleRico77 Jan 25 https://twitter.com/UncleRico77/status/1088845137202024453

Bull Case: Fed is done tightening and will halt balance sheet reductions, China launching stealth QE, ECB ready to do MOAR easing, BOJ QE forever, China trade deal coming, US Govt re-opens.

Bear Case: The entire world is a farce of a sham of a clusterfuck.


Probably the bull case. If logic and truth would matter, it would have blown up a long long time ago already.



1205. Post 49472473 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

A nice heart warming message. We may not have seen the low yet, but evidence of bottoming is increasing: https://twitter.com/woonomic/status/1089444492363485184?s=19



1206. Post 49474300 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Quote from: El duderino_ on January 28, 2019, 09:46:40 PM
BREAKING NEWS from MASTERMIC

[...]
F*** I have no link to that MASTERMIC's post etc
 

I'm sorry, but that's a fail  Grin




1207. Post 49474950 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Some notes on markets suffering from confusion, awaiting a new narrative:

Quote
1. Refusal to engage with the complexity of the situation,
2. Emergence of conviction that there must be an “agent” (external or a disruptive force from within) responsible for the mess, and
3. Refusal to know (ignoring or mistrusting the evidence).

Source: https://www.zerohedge.com/news/2019-01-27/market-refusing-know-what-really-going

More applicable to the Bitcoin market than often admitted. Remember this when we go below $3,200.



1208. Post 49494252 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Quote from: VB1001 on January 29, 2019, 11:37:38 PM
https://i.imgur.com/jduepjX.png

We follow the path to close the red leg.

But I think the movement towards it will be slow and choppy. We will probably not have the luxury of one quick fat capitulation spike down.



1209. Post 49501361 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Quote from: kenzawak on January 30, 2019, 02:36:06 PM
Overtraining then ? Well, not if he spends his time there making stupid tweets.

Quote
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
- Einstein -

Quote
It's better to keep your mouth shut and appear stupid than open it and remove all doubt
- Mark Twain -



1210. Post 49527611 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.28h):

Quote from: Arriemoller on February 01, 2019, 02:28:28 AM
You all know that I have been dismissive of grin, [...]

And I came to the conclusion that it might actually work [...]

Same goes for the issue scheme of Devcoin. Too bad this old timer does not get the love it was envisaged for.



1211. Post 49535752 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.29h):

Modern Monetary Theory: https://www.zerohedge.com/news/2019-01-31/eveything-you-wanted-know-about-mmt-were-afraid-ask

Cannot not be more bullish for Bitcoin  Cool



1212. Post 49537688 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.29h):

Quote from: Bitcoinaire on February 01, 2019, 07:14:20 PM

Quote from: coindesk  
The exchange holds roughly 26,500 bitcoin ($92.3 million USD), 11,000 bitcoin cash ($1.3 million), 11,000 bitcoin cash SV ($707,000), 35,000 bitcoin gold ($352,000), nearly 200,000 litecoin ($6.5 million) and about 430,000 ether ($46 million), totaling $147 million, according to the affidavit.

Bullish.

Added to the growing pile of lost coins Cool



1213. Post 49664594 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.30h):

Quote from: bitserve on February 09, 2019, 09:03:47 PM
We need more capitulation and drama. Bring the fucking final pain.

This.

Social signals here still point to a full nasty dull year ahead.



1214. Post 50415738 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.39h):

My Goodness, what is happening here??  Roll Eyes



1215. Post 50984652 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.45h):

I see nice chunks being sold off in this spike upwards. Smart money at work  Cool



1216. Post 50986815 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.45h):

Quote from: El duderino_ on May 10, 2019, 07:28:07 PM
I see nice chunks being sold off in this spike upwards. Smart money at work  Cool

I finally see you back @the thread!

Yes. Probably a bullish indicator  Grin



1217. Post 51026623 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

This fools’ rally has set us back for at least another year.



1218. Post 51027813 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

Quote from: kingcolex on May 13, 2019, 10:39:13 AM
This fools’ rally has set us back for at least another year.
Whatchu on about? You still think the bottoms not in? REALLY?

The move is going too fast. It will break if not already the case. Buyers will be wondering where their $100k Bitcoin is. Delusion and sorrow will spread. Price will be sideways and choppy for months/a year. No one will touch the Bitcoin for considerable time. At least, not the masses who’s influx should bring us towards $100k.

Or do you think moms and pops are buying into and causing the current rally?

Someone is continuously off loading coins, big time  Roll Eyes
Suckers’ rally.



1219. Post 51029684 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):



Just for the record: that spike at the end took a whole 20 Bitcoin’s at Bitfinex. But enjoying this pump nonetheless  Grin



1220. Post 51033171 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

Quote from: Lambie Slayer on May 13, 2019, 05:05:45 PM
10k in 48 hours please kind Pump Masters  Cheesy

Time to sell some, a retracement to $6000-6500 or lower in...3...2...1. We're still in a bear market.

We would need to go under 3100 to prove this is a bear market. 6k retrace would just be a bull market correction. Wink

Bull Markets dont start with the Delusional End Party first.

Bear market rallies usually are the fiercest.

But I will hold my tongue and let everyone enjoy the moment.



1221. Post 51033359 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

Quote from: El duderino_ on May 13, 2019, 05:43:48 PM
10k in 48 hours please kind Pump Masters  Cheesy

Time to sell some, a retracement to $6000-6500 or lower in...3...2...1. We're still in a bear market.

We would need to go under 3100 to prove this is a bear market. 6k retrace would just be a bull market correction. Wink

Bull Markets dont start with the Delusional End Party first.

Bear market rallies usually are the fiercest.

But I will hold my tongue and let everyone enjoy the moment.

Speak and write your mind brother... talk scenario is what this place is all about

There is a good chance I will be proven wrong.

Better to remain silent and let everyone think I am an idiot than speaking out and proving it  Cheesy



1222. Post 51059466 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

Quote from: Gyrsur on May 15, 2019, 06:23:37 AM
Go BTCitcoin Go!



She’s responsible for Bitcoin’s premature ejaculation  Grin

The pump will be pumped until nobody’s left to go long. Then, the crush commences. A classic chart for goods without the proper ability to short.



1223. Post 51061356 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

A new piece from Dan Held: https://blog.picks.co/bitcoins-security-is-fine-93391d9b61a8?source=---------2------------------



1224. Post 51089398 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

So, selling 0.012% of all Bitcoin will drop global Bitcoin price with +10%

Some reserve asset  Roll Eyes



1225. Post 51089555 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

This guy (obviously a guy because a girl would know better than to trade bitcoin at night, not even speaking about 2K at once) -  let’s call him the 2K pooper -  does not realise that the opposite of a 2K dump, namely, a 2k buy, would also impact global price with at least 10%

10% .... up  Cheesy

Now,  I was promised a bull run. Bring It On!  Angry



1226. Post 51089731 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.46h):

If it was a cartel operating, I suggest that they start buying lest this thing goes down any further  Roll Eyes



1227. Post 51123200 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.47h):

An E34 m5, that would be nice. Or a B10 from the same era.



1228. Post 51137950 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.47h):

It seems the rally is petering out. Bitcoin never fails to surprise but momentum for this run is diminishing.



1229. Post 51140671 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.47h):

Quote from: bitcoinPsycho on May 20, 2019, 03:37:54 PM
re: Poll. Voted 2020. Don't see a new ATH this year.

Gut is telling me once we breach $9k, it's going to be a very hard slog to find support at $10k.
I voted 2019 .reason:  THIS IS BITCOIN

Never Go full retard  Wink



1230. Post 51170969 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.47h):

 I was promised a rally  Huh



1231. Post 51185868 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.47h):

Quote from: Bitcoinaire on May 23, 2019, 01:45:49 PM
Trying to understand the hyperwave logic here.

https://i.imgur.com/6MdyOfD.jpg
https://twitter.com/thecryptomonk/status/1127687707721965569

A good trader can switch sides.... quickly  Roll Eyes



1232. Post 51195438 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.48h):

Waiting for the pump to $9,600  Cool

Its going to be a lovely weekend...



1233. Post 51197342 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.48h):

Quote from: ivomm on May 24, 2019, 01:47:32 PM
We are staying around 8k for awhile now. Very positive indeed! I expect another leg upwards soonish.

$9,600, or have the bulls wetted their pants already?



1234. Post 51220513 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.48h):

Quote from: VB1001 on May 26, 2019, 07:48:24 AM

Is that a same guy?

Thread is locked, that's a bummer. I see @600watt , @Ibian there.

The same guy:



https://www.youtube.com/watch?v=mnzHEgniSa0&t=

That was a Good thread, yeah  Cheesy



1235. Post 51221241 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.48h):

Nice graphs. But just when you think the graphs are telling you a simple story (in this case: down), Honey Badger wakes up and bites you in the ass.



1236. Post 51228903 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.48h):

Ridiculous pump. But higher the price goes. I won’t argue with Honey Badger.



1237. Post 51277651 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.48h):

We need a new pump  Smiley



1238. Post 51283647 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.49h):

Quote from: Wekkel on May 30, 2019, 07:43:30 AM
We need a new pump  Smiley

I told you  Roll Eyes Grin



1239. Post 51284060 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.49h):

Quote from: jonoiv on May 30, 2019, 04:49:34 PM
[...] this is not organic.  I want out.

Don't go out too soon. Don't miss that single chance in life....



1240. Post 51429255 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.50h):

Quote from: D1v4c on June 11, 2019, 11:21:01 AM
A lot of Numbers...

What is this?

Wrote down a lot of possible pice levels and declare victory if one of them is met?

I have more respect for Vays: just call it with the risk of being wrong ... Big Time  Grin



1241. Post 51462646 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Quote from: d_eddie on June 14, 2019, 07:27:50 AM
Masterluc posted a ~3-month head and shoulder chart without any comment but a laugh.
On that chart, we're at the top of the right shoulder.

If the H&S scenario materialises, that would put us at a very healthy $6400. Buyers here would welcome such.



1242. Post 51464182 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Quote from: LFC_Bitcoin on June 14, 2019, 11:04:00 AM
It’s going to be insane..

This. There will be a time again that it does not matter where you have your bets, as long as you’re in.

Greatest Wealth Transfer Ever.



1243. Post 51497684 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Quote from: VB1001 on June 17, 2019, 09:23:12 AM
Bitcoin Markets Now Show Greater Influence From Institutional Investors: JPMorgan
Quote
JPMorgan Chase (JPM) thinks the Bitcoin (BTC) industry has changed considerably since 2017, citing an increase in institutional interest, Bloomberg reported on June 15.

The publication quoted a report led by managing director of global market strategy of the United States’ largest bank, Nikolaos Panigirtzoglou, in which researchers examined recent phenomena surrounding cryptocurrency exchanges.
https://cointelegraph.com/news/bitcoin-markets-now-show-greater-influence-from-institutional-investors-jpmorgan

This would be in favour of Shelby’s Spike Theory ($78,000).

Good Times  Grin



1244. Post 51500392 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Quote from: Bitcoinaire on June 17, 2019, 11:39:09 AM
... Another similar price increase puts BTC price at ≈$62K by the end of October 2019.

...
https://twitter.com/galaxyBTC/status/1140576413180997632


I prefer Shelby’s $78,000. But your charts are prettier  Grin



1245. Post 51502285 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

 Speaking about that medium post, what would be the price at current 350 DMA x 3?



1246. Post 51502526 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Quote from: infofront on June 17, 2019, 05:24:30 PM
Speaking about that medium post, what would be the price at current 350 DMA x 3?

$16,676
http://philipswift.pythonanywhere.com/


Thanks.

So we need 350 DMA @$25,000 before mooning?



1247. Post 51515121 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

From the Binance report: “Libra may spark additional cryptocurrency volume due to increased accessibility from both institutional players and everyday retail users.“

Noted.



1248. Post 51515737 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Where is Mic by the way?



1249. Post 51516527 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.51h):

Quote from: bitserve on June 18, 2019, 08:49:17 PM
I believe this facebook coin will fail. Only boomers uses facebook these days and they dont have a clue how cryptocurrencies work. They will treat it as some generic digital coin, like those you use inside MMOs for example. It will be restricted to facebook, which is a dying platform, practically an icon of nocoinery and technological backwardness.
Just a reminder that Facebook means also Instagram +Messenger+ WhatsApp, this widens user base quite a lot, not only Dads on the internet then.

In fact whatsApp is the killer app here for adding crypto transfers. The other ones I see more suitable for donations or something.

As soon (if) they open up the feature I see tens of millions of people using it even if just for giggles. If it will stick to a more voluminous usage it is something hard to predict.

I also expect facebook or *SOME SPONSORS* to carry out a little airdrop to get things started or order this product/fill this questionaire and receive x facecoins.

Telegram already widely supports crypto transfers by means of 3rd party bots.

As an example, the Pay NIM bot enables you to send a few NIMs to someone else. Since Nimiq (www.nimiq.com) is entirely web based, this is a breeze. Send a payment command to the bot, let the other user confirm in TG, open the link (that the bot provides) to the web based wallet, authorise the payment and done. The Nimiq checkout feature - meant for web shops, gambling sites or anything else requiring an online payment - is also smooth as f*.

Talking about existing ease of use of a blockchain...  Grin
And a market cap still at rock bottom  Shocked

But enough of the Alts.



1250. Post 51534839 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.52h):

Quote from: GreatArkansas on June 20, 2019, 08:43:29 AM
Bullish continuation pattern?
I'm very bullish now on Bitcoin, especially if we break above $9,500. I'm so excited Kiss

https://i.imgur.com/z7kyWsT.png

I think there is a good chance of this happening. Some mega bullish effects are intertwining towards something massive.



1251. Post 51541071 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.52h):

Quote from: toknormal on June 20, 2019, 08:06:18 PM

Smash & grab. Everybody thinks it's the last chance to get in below 10k because after that price goes up in increments of 10k.


I feel it coming.

All 2017 retail buyers are already gearing up for this one. Gonna be Epic.



1252. Post 51550277 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.52h):

If we delay $10k a bit, we may as well read up: https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b



1253. Post 51556225 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.52h):



I just had to post this  Grin



1254. Post 51556319 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.52h):

Quote from: infofront on June 22, 2019, 04:41:39 AM
https://i.imgur.com/hTRK8Eq.png

https://twitter.com/PeterLBrandt/status/1142271065936187392

Just wait until the Alts wake up  Grin



1255. Post 51581460 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.52h):

Haha, Classic.

The source of many persons’ bear traps  Grin



1256. Post 51605180 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

A true mini melt up happening  Grin

But just a tiny spark in the grand scheme of things.



1257. Post 51606194 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Quote from: mindrust on June 26, 2019, 06:55:49 AM


MOON SOON.

My favoured scenario  Wink



1258. Post 51626935 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Nice drama.

Let the adults (aHODLs) handle this.

A Bitcoin HODLed is a Bitcoin earned  Cool



1259. Post 51628651 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Quote from: serveria.com on June 27, 2019, 08:55:22 PM

Muahaha had a good laugh  Grin Grin Grin $1500-$3000 oh yeah c'mon

We hit $3,250 last spring.

Are you digging the X-axis?



1260. Post 51635317 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Quote from: mindrust on June 28, 2019, 09:51:08 AM

~$12-16k x at least 10 = >$100k


Bitcoin above $100,000 makes a lot more sense than bitcoin @ $10,000.

If we do $100,00, I consider McAffee’s $1,000,000 a given.

Finally the world would get its stable numeraire: http://www.gata.org/node/8303

Quote
The search is on for a valid yardstick, a measure of monetary value that has not been (and cannot be) distorted by central banks’ firefighting and wrecking tactics.



1261. Post 51640151 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Quote from: nutildah on June 28, 2019, 07:36:09 PM

Yeah that's about 4 years after he "left bitcoin." Even Silk Road didn't launch until 2011...

"I stopped working on Bitcoin in 2010 for that reason"

hmm narrative doesn't sit well.

Exactly. A Total Fraud.



1262. Post 51640792 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Do you seriously think the rest of the world cares?



1263. Post 51641544 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.53h):

Make that 5 Lambo’s.



1264. Post 51683728 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

The first bear presser seems to be in place. Now another 5-7 days of back and forth with a new sub high-9,000s and off we go again towards crazy numbers.

Bitcoin, can’t fool me twice  Roll Eyes



1265. Post 51684250 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Quote from: fillippone on July 02, 2019, 03:58:06 PM
Request for merit stats:

Most merited individual posts in WO thread!

Top 10!

Here you GO:

[...]!                           
                     
Self promotion for a labour intensive post under a not labour intensive post:
Bitcoin Bearish or Bullish? Here my thoughts: JUNE UPDATE


I just had to jumpstart MicG... Shocked Grin



1266. Post 51684493 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

I remember the MtGox $0.0001 crash. Now that was some nice bottom fishing for the lucky few....



1267. Post 51686402 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

While you are discussing girls, let me check on the price action.

What do you mean, sub $9k ?!

/history



1268. Post 51691193 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Is everyone mindlessly going to repeat quoting all those lovely ladies, again and again?

Hint: there are other parts of the Internet intended just for that  Wink



1269. Post 51696521 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Quote from: Last of the V8s on July 03, 2019, 03:37:37 PM
^ https://archive.is/7aGcc
archived for those who don't wanna dip their dicks in the Guinness jar

I don’t understand the article. For Bitcoin to succeed, it should remain sub $1,000 or so?

Personally, I think the other way around. Bitcoin should become extremely high priced due to a whole lot more people holding and using it as a store of value. The perfect money. The ultimate stable numeraire.

At such high fiat prices, Bitcoin would become stable, boring even, fulfilling its role as stable anchor in a sea of currencies, services and products floating around the planet.

Bitcoin remaining at some $1,000s also functions flawlessly from a technical perspective, but would have failed as a social experiment.






1270. Post 51705153 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Interesting proposition but is it true?



1271. Post 51705777 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

You mean: ‘the world is guaranteed to move towards perfect money (e.g., Bitcoin)’.




1272. Post 51706164 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

How long should reality tell you otherwise before you reconsider?

6 yrs?
60 yrs?
6,000 yrs?

Just a question.



1273. Post 51706472 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

In a sense, PMs are an illusion as well. That’s the thing you need to get around. I say perfect because it combines certain traits of good ‘money’ in a single system.

We never had better.



1274. Post 51716635 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Quote from: mindrust on July 05, 2019, 08:17:29 AM
$6k wouldn't make me poo in my pants.

It would just give me a good opportunity to buy cheap coins while I DCA'ing which I have been doing since 2017.

$3k wouldn't scare me neither. I would buy some full pieces.

Make it $1k and I will be shitting bricks. (Still wouldn't sell though. It wouldn't make any sense to sell that cheap)

I told myself when we went below $9k: we will see it above $9k one more time.

Now we are already above it. The fear barrier is breached.

Any price under $9k is cheap and a sure buy.

I hear masterluc talking...  Grin



1275. Post 51729359 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Quote from: DeathAngel on July 06, 2019, 02:44:12 PM
What we need is a significant period of low volatility now which should ensure we see a significant upwards spike towards the end of 2019.

This.



1276. Post 51739092 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

Attempt to break out of the triangle upwards?



1277. Post 51741620 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.54h):

While anything can happen, sub $3k does not fit the sentiment.



1278. Post 51784192 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

My helicopter view baseline is simple: continuation of this pattern for up to a year (until halvening). I.e., around $10k with swings of max $5k up and down. Result: no (i) sweat and (ii) 100s of pages of anxious WO-ers. 

Keep your cool.



1279. Post 51785572 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: Totscha on July 11, 2019, 12:32:22 PM
I disagree about Firefox being number two.

+1

Chrome was good for the few years Firefox needed to get it's act together.

I’m ok with Brave Browser for now (=Chrome based).

On a totally different note: check out how far WebAssembly has come. Doom 3 playing in your browser  Shocked

(360+ MB download) https://wasm.continuation-labs.com/d3demo/



1280. Post 51790877 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: TheCryptonianGroup on July 11, 2019, 08:58:56 PM
[...]

You mean that i should push BTC to the public and then get paid for it after the push is done?



The rally in NIM the next few weeks will prove how much influence you really have.

Easy proof

Or are you CW'ing on us?



1281. Post 51790927 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

I think people want to see proof of influence first.

Announce.

Execute.

Proof.



1282. Post 51793796 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: jbreher on July 12, 2019, 02:23:12 AM
In a tangential development...

My in-flight reading lately had been 'Life After Google' by George Gilder. While not his most significant work, it is certainly his most timely. Gilder -- should you be unfamiliar with him -- is one of the world's foremost prognosticators of near-future technology and
its subsequent effects upon society.

Recommended, but that's not my point.


I found life after Google very interesting but hard to read. Still haven’t been able to subtract the 30s elevator pitch from this book. I really hope he will straighten his thought and presents this in a structured manner some day.



1283. Post 51797972 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

I doubt that a Zimbabwe ban would mean anything for the Honey Badger.



1284. Post 51798630 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Keep on quoting the bloke so that our ignore no work.



1285. Post 51799081 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: Spaceman_Spiff_Original on July 12, 2019, 03:00:22 PM
Keep on quoting the bloke so that our ignore no work.
Partypooper.
But alright then, will stop quoting if it annoys people.

No hard feelings. I am amused by the blabbing, but suspect others aren’t. Brothers keeper  Cool



1286. Post 51804257 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: jojo69 on July 12, 2019, 04:16:54 PM
Hol' up your hand if you love the money
Hol' up your hand if you love punanny
Gun pon mi side mi afi kill somebody
Because the money inna mi trunk dem wan fi come tek see

Little John?



1287. Post 51807490 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: kurious on July 13, 2019, 07:52:40 AM
Market dominance is a shitty indicator [...]

[...]

  • Technology has progressed, people studied and has progressed in the understanding of the cryptos and came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.
  • We are on the verge of an epochal bull run caused by institutional money on the brink on entering cryptocurrencies. Of course the main gateways for this to happen is Bitcoin. I can't see them diversifying their investment into other bitcoins in the near future both because lack of regulations, lack of liquidity and above all security and scrutiny on this coins.
  • The more Bitcoin performs versus shitcoins, the more the random investors will be keen on buying bitcoins and abstain to shift to shitcoins, because Bitcoin IS the asset performing. SO kind of self-fulfilling mechanism/shelling point where you don't want to convert your bitcoin into other assets

What are your toughs?


My toughs?  Wink

1. I think more non-retail money (increasing constituent, now) seeks the safer bet, along with the liquidity of the largest player / market in crypto.
2. The feedback loop.  As long as alts whither and dominance increases, it only reinforces the trend.  For now, at least.


There is a tendency to call all coins other than Bitcoin 'shitcoins'. To me, it seems mostly like NPC herd behaviour  Roll Eyes

I'd rather make a distinction between:

In my vocabulary, shitcoins are coins that serve no purpose, have no vision or (attempt to any) solution. We are in the process of saying goodbye to front_left_tooth_coin, not_solving_even_non_existing_problem_coin (Autorship, I am looking at you...), pump_and_dump_copy_paste_coin and all other projects that were stamped out of the ground and will be put back in that same ground soon. If anything of the numbers in Market cap is still representing shitcoins, it will be pressed out from it like a lemon. Good riddance.

This is to be separate from chance coins. Projects that try to solve an existing problem or create new possibilities. High risk, many will fail, but the label 'shitcoin' would misrepresent these projects. And it would be very close minded to think that such new and innovative (but failure prone) projects won't be initiated in the future with only Bitcoin remaining. Perhaps in once sector (store of value) the competition will be very stiff, but there are many more aspects to cryptocurrency and DLT tech that are and will continue to be explored.

Not meant as shilling and basically a random mentioning of some projects to color my thought of separating 'chance coins' from 'shitcoins'.


Again, I'm not mentioning these projects because I think they will 100% rule the world. I mention these as examples of how time, money and creativity seeks opportunies, time and time again. Just like we do not call all companies with venture capitalist investors 'shitcompanies', I won't call all cryptocurrency projects 'shitcoins'.

'Shitcoins' and 'chance coins'. Remember this.

edit: giving up on this shitty markup language from the 2000's  Grin[/list]



1288. Post 51817549 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.55h):

Quote from: mindrust on July 14, 2019, 09:18:45 AM
We knew it was going to happen eventually but...

It is official now.

[...]

$1m is in the realm of possibilities.

I believe  Grin



1289. Post 51848650 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

After the cold winter years of 2014-2015, nothing can phase me. Besides, my happiness is not tied to the price of Bitcoin. Results in better sleep too  Grin



1290. Post 51866312 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

Quote from: wwzsocki on July 18, 2019, 08:08:45 AM
[price analysis]

Enjoyed your post but I’m out of sMerits  Undecided

I also favour a scenario of increased price weakness in the medium term without the bullish scenario in the larger time frame suffering. The better the build up towards the halvening, the stronger the push towards new ATHs.



1291. Post 51869266 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

Is there a connection between BTC bullishness and the following topic: https://www.zerohedge.com/news/2019-07-18/chinese-capital-outflows-spike-highest-10-months



1292. Post 51874289 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

Quote from: Icygreen on July 19, 2019, 04:33:20 AM
Alrighty guys, tomorrow i will buy my first 50€ worth of Bitcoin. In what do you think should i invest afterwards ? Or should i invest into Altcoin first then when i increase my Portfolio i buy The King BTC?

...  Personally I'd stay away from altcoins.


Indeed, much too early to step into alts. Especially if this is new territory for you. It’s only for crazy gamblers willing to risk a sure loss for a tiny chance on a huge reward.



1293. Post 51882771 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

No Choo Choo, no fun. A dull and boringly stable period towards the halvening fits perfectly.



1294. Post 51887166 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

Interesting: https://www.zerohedge.com/news/2019-07-19/stalling-markets-last-time-happened-was-october-1929

Slowing demand but higher prices (currency debasement beneficial for cryptocurrencies)?

 Shocked Tongue



1295. Post 51888608 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.56h):

Ray’s newest article was in my reading list; nice write up while carefully avoiding the Bitcoin phenomenon.



1296. Post 52096522 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.58h):

Things that make you go hmmmm..

https://twitter.com/RaoulGMI/status/1159076338126532610?s=19



1297. Post 52104606 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.58h):

A Tweetstorm about applying focus: https://twitter.com/jposhaughnessy/status/1159170719454027776?s=19

Not specifically Bitcoin related but perhaps some will find some words of wisdom in it.



1298. Post 52207146 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.59h):

Quote from: Cryptotourist on August 19, 2019, 07:46:22 AM
That's the thing Jiggy, when someone makes a bullish post - there are no disputes or confrontations - ever.
On the other hand if a member (non-legendary usually) makes a bearish remark, he can find himself been accused of lying, manipulating or trying to influence newbies, & even as far as trying to discredit other members that might have the same opinion. That's what serveria did, and that's why I felt that I had to explain myself. Also that's why he is a liar in my book.

In any other case, of course there is no need to explain anything regarding an opinion/position.

He he, you found the WO-formula ...  Cool

Bitcoin maximalism is rampant. Twitter is also full of virtue signalling idiots.

Luckily, Honey Badger does not care for NPCs.



1299. Post 52224642 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.59h):

Just shaking the tree some more  Cheesy



1300. Post 52225862 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_16.59h):

Quote from: GeoRW on August 21, 2019, 03:03:24 PM
Another last chance to buy at 4 digits  Cool
Wow, impressive registration date. I would love to hear your story. Wink
Quote
Date Registered:   November 09, 2010, 06:04:14 AM

Nothing spectacular.

Haha, the Pirate was a cool story indeed. I can’t remember the return but receiving the collateral back in time must have felt good afterwards.



1301. Post 52314662 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.00h):

After a month of relatieve rest, still observing price noise. Honey Badger is doing great.



1302. Post 52356187 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.00h):

Quote from: Wilhelm on September 03, 2019, 06:40:19 PM
The debt isn't a ticking bomb. [...].

Its the flow.

Watch the flow.

If the flow slows down, run for the hills. Not before.



1303. Post 52357507 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.00h):

Quote from: fillippone on September 04, 2019, 12:47:36 PM
As you can see from my link in signature I do care about different things.

Signatures don’t show in the WO thread  Roll Eyes



1304. Post 52365820 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.00h):

Quote from: Ibian link=topic=178336.msg52363615#msg52363615 date=
Well, if the whole thing wasn't political to begin with, anyway.

This. The reason I immediately drop out like a WO-er on a BCASh post whenever I hear millennial speak about saving the environment. The people genuinely debating this topic in a scientific non-politically loaded/virtual signalling manner are 1 to a million.

Ok, perhaps tuning out of BCASh things even sooner. I confess  Grin



1305. Post 52371595 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.00h):

Quote from: mindrust on September 05, 2019, 08:51:09 PM
ETH is right back at where it started the pump, March 2017. Feels so good man. I hope it stays there for the next 10 years. Those plebs needed a lesson.  Cool

At least the market is moving towards maximum pain. The more the lemon is squeezed, the better.



1306. Post 52381846 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.01h):

Looking good, this is gentlemen.



1307. Post 52474563 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.01h):

Quote from: bluebits on September 16, 2019, 07:17:49 PM
::Pretend to be Tera Post::

[...]

Price now has to follow the standard crash model, the current descending triangle will break down to support at 7.x (soft) or 5.x (stronger), plenty of bull traps along the way down to grinding on solid support (3k)


I've been waiting for $8,500 forever. So it would only fit if Bitcoin suddenly matches this while I am no longer waiting....  Cool

I think your scenario's sound very plausible, but have a very low probability of happening. There is too much bullishness around. Price can linger on for a while (more than a year if necessary) but a deep decline is off my list of probable outcomes.



1308. Post 52629497 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.03h):

Thing are slow atm.

But Bitcoin @8,xxx is still good. Very good.

The longer the lull persists, the bigger the ensuing pump. Monetary craziness will ensure the outcome. Just think in years instead of months.



1309. Post 52801118 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.05h):

Quote from: Pamoldar on October 18, 2019, 03:38:59 PM
Good afternoon WO!
Observing @ $7,934
Under $8k but it really does not matter.

Just more of ‘filling up the rocket’.



1310. Post 53023416 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.06h):

Schiff had issues. Seriously.



1311. Post 53059160 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Quote from: Cryptotourist on November 12, 2019, 05:04:03 PM
You heard it here first. Wink

That you are a fan of strip clubs?



1312. Post 53109453 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Quote from: El duderino_ on November 18, 2019, 10:21:42 AM
He is indeed a very bright and smart person!!

Too bad that his writing is often hard to follow.

But coining the term ‘IYI’ (Intellectual Yet Idiot) is priceless  Grin



1313. Post 53110128 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Quote from: somebody
Relaying a final message:

Quote from: somebody2
Quote from: somebody3
I also added a link to my estimates on McAfee’s Dick Math. $1 million in 2020 seems likely, but most of us will never be able to avail of it because of numerous plans underway to fleece the loyal Bitcoin maximalists and burn their fingertips up to their armpits.

Money quote: “Bitcoin is about to shock the hell out of everyone”  Roll Eyes



1314. Post 53111760 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Quote from: infofront on November 18, 2019, 03:14:15 PM

Breaking news: Prince Andrew Fancied Women

The question is: what was the age of each of those women?



1315. Post 53135979 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Bitcoin is doing just fine. Just ordinary market gyrations between hope and fear. It will stay this dull for a long long period. Hint: still too much action in the WO thread to call the end of this ice age.



1316. Post 53149749 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

I have the following take to ease my mind:

1. Any price above $1,000 is speculative. Bubblish.

2. The closer the price comes down to $1,000, the more price is based on fundamentals instead of ‘Bubblish’

3. If your goal is richness because Bubblish, you’re in a though spot. It will stay this way for a while.

4. If it’s about the fundamentals, price is still doing well. Very well.

Bitcoin is still the one and only premier borderless accounting system to ‘count glass marbles’. It functions at $1,000 just as well (but then at a much more attractive price). A dip in price won’t make it dead. Quite the other way around.

You are just anxious to miss out on the ultimate dip in this cycle.

Rock on and HODL.





1317. Post 53152851 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Suggesting caution for too much optimism, I dig. But posting chart after chart from the past that proved wrong ...  Shocked

Well, I have enough examples of those on my own  Grin



1318. Post 53157582 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

I have not seen despair yet in this cycle (my 3rd). Consider yourselves lucky.



1319. Post 53159985 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.07h):

Quote from: serveria.com on November 23, 2019, 06:57:27 PM
I have not seen despair yet in this cycle (my 3rd). Consider yourselves lucky.

It will come, even if briefly

If $3k after $20k is not despair then I don't know what is..  Grin Grin Grin

In hindsight, $3k could be that moment, yes.



1320. Post 53189217 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

Check all restaurants in Antwerp  Grin



1321. Post 53194860 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

I’d rather want to see the price go to $3,000 in search of overwhelming demand, with the boom following than this dabbling in no mans land. But hey, Mr Market rarely shows its true colours.



1322. Post 53195042 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

Quote from: El duderino_ on November 27, 2019, 01:20:40 PM
Bitcoin explosion is in the air.

[...], but what you thinking about this??

#hopium.....

This whole Bakkt thing has been irrelevant since its entire existence. Arguing that Bakkt suddenly be the one thing triggering an immense Bitcoin rally seems equal to the #hopium argument that Bitcoin price will explode because China suddenly did not ban Bitcoin (again) and the Chinese will now recognise this all at once.



1323. Post 53195263 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

Nice chart on the movement since cycle bottoms. I guess it’s still at least 1100 days to go for the next peak, assuming the fourth cycle will take much longer than any previous cycle.

That’s ok. I can live with that.



1324. Post 53224516 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

We are pretty much where we should be. Q1 2021: the fireworks?

https://twitter.com/bitstein/status/1200274054760075264?s=19



1325. Post 53262301 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

Quote from: Cryptotourist on December 04, 2019, 09:50:06 PM




Igor’s Party?



1326. Post 53270107 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.08h):

Quote from: El duderino_ on December 05, 2019, 09:22:02 PM
Bitcoin is bearish for the first time before the halving. Is it because the futures market is surpressing the price?

Not to much bearish at 7K+ imo ..... love these prices as accumulation area’s

Exactly.

Our only issue is that the current price isn’t any lower.

#greatinvestorsplayingthelonggame



1327. Post 53271949 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.



1328. Post 53277791 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Just a nice exercise on the thumb scrolling and scrolling and scrolling...  Roll Eyes



1329. Post 53280919 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

I approve of the increase in (hopium) chart posting.



1330. Post 53286134 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: arklan on December 07, 2019, 07:51:40 PM
hi guys. back from the proverbial dead...

still ticking along like always i see.



Welcome back. Still the same shitshow  Grin



1331. Post 53289632 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: arklan on December 08, 2019, 01:23:57 AM
what's this about LTC dying? i never had any, but i'm curious and clearly missed hearing about it failing.

Classic signs of the alt market bottoming  Grin



1332. Post 53291353 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: Last of the V8s on December 08, 2019, 11:24:02 AM
'Man eats banana'
is somehow considered news
in this weird weird world.

https://twitter.com/Hipster_Trader/status/1203485160290824193?s=20

He surely pointed out the absurdity of it all.

Meanwhile, the dilution of fiat money continues. Go Bitcoin Go!



1333. Post 53296236 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

We need to have patience. Current tech wasn't built in a day either. On the contrary, watching this old show: https://www.youtube.com/watch?v=Tx6Cq2ZU_ps
is a nice example of tech being there for 10-20 years already before it really takes off.

The hard part is the waiting....  Shocked Grin



1334. Post 53304816 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: LFC_Bitcoin on December 09, 2019, 08:47:53 PM
Real talk...




(Twitter)


@hodloncomrades
I struggle to imagine what a world will look like when hundreds of millions of people are scrambling to acquire bitcoin.

When I start thinking about it the movie Titanic comes to mind, if you are not in a lifeboat it's probably all over for you.
👇

@hodloncomrades
I dream of seeing as many people as possible holding sats before the boat sinks.

#hodloncomrades don't trade.

Opposite to the situation on the Titanic, there will be plenty of Satoshis for people to jump on. The question is how much they will get for every fiat token.



1335. Post 53312333 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: bitserve on December 10, 2019, 04:39:56 PM
I was somewhat inactive during the period 2014-2015 but it is my impression that there were more doom and gloom in comparison to this period. [..]

I concur. Expect for a few desperate moments after the drop to $3,xxx, it has been a cozy winter ride so far.

Can’t say the same for Alts  Shocked



1336. Post 53313713 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: Raja_MBZ on December 10, 2019, 08:25:32 PM
We're fine as long as we stay above $6k.

We’re fine as long as the blocks keep moving. Really, the price isn’t that important right now.



1337. Post 53314091 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Matic, never heard of it. The price seems to have pumped lately.

Their Matic is only worth what it was a month ago....

That’s better than most of the projects I know  Roll Eyes



1338. Post 53342176 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

The defining words of this cycle will be: patience.



1339. Post 53360786 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: Last of the V8s on December 16, 2019, 11:03:21 AM
https://wallstreetexaminer.com/2019/12/powell-spews-baby-poop-in-attempts-to-reassure-investors/
Quote
...
...

So, what follows is utter horseshit.
...
good stuff

Yes, Lee Adler (a long time market observer) does not spill the beans here.

Something strange is afoot. The markets may be close to a seizure. Maybe a moment similar to Matt King’s ‘Are the markets broken?” article a few days before Lehman.

Kansas is going bye bye  Roll Eyes



1340. Post 53365456 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: LFC_Bitcoin on December 16, 2019, 09:40:24 PM
Anybody who panic sells now is a total loser.

Anyone selling now is filling our bags further.

Let them continue  Grin



1341. Post 53371408 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: bitcoinPsycho on December 17, 2019, 01:50:54 PM
Litecoin sale now on

There is no better solution for low prices than.... drumrolls.... lower prices.

Some lucky ones will pick up cheap Chickuns for sure.



1342. Post 53373909 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.09h):

Quote from: El duderino_ on December 17, 2019, 07:38:40 PM


Dammit why always at times when we will be in this exact situation  Roll Eyes Roll Eyes Roll Eyes

F*@# my life  Cheesy



1343. Post 53399508 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.10h):

The Mandalorian: Great Series. Recommended.




1344. Post 53479901 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.10h):

How nice to fill a bag knowing it will be at least 10x before 2022.



1345. Post 53482138 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.10h):

Is Brave not a good browser to block most obvious ads?



1346. Post 53482910 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.10h):

I believe the ‘Masterluc’ scenario is also still in play?



1347. Post 53490231 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.10h):

Quote from: HairyMaclairy on December 31, 2019, 11:37:31 PM
I guess this is the decade we had been waiting for.

It’s going to be the 1920s all over again. 

Yes!



1348. Post 53525492 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

Quote from: becoin on January 05, 2020, 11:23:55 AM
... The mask is off....

It was never on.



1349. Post 53537945 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

This made me laugh: https://www.reddit.com/r/Bitcoin/comments/ekrlcx/crypto_market_in_2020/?utm_medium=android_app&utm_source=share



1350. Post 53549905 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

Quote from: JayJuanGee on January 07, 2020, 12:56:27 AM
Regarding my walls of text, I agree.  Sometimes it is better to just skip them or skim them.... depending on your mood and level of patience.

I admit skipping your walls only to check worthwhile content by reading the immediate responses to those walls.



1351. Post 53550738 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

Quote from: JayJuanGee on January 08, 2020, 08:00:29 AM
Regarding my walls of text, I agree.  Sometimes it is better to just skip them or skim them.... depending on your mood and level of patience.

I admit skipping your walls only to check worthwhile content by reading the immediate responses to those walls.

Just consider all the valuable information you are missing. 

https://i.pinimg.com/474x/04/98/26/0498265e15354bee2b9e13d90a3d8782.jpg

Of course I appreciatie that but cannot escape the notion that the highest appreciation a writer can give his readers is by making his points clear and concise. A ‘lazy’ writer won’t attract a crowd.

By no means meant as an attack.



1352. Post 53560456 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

Mic probably hiding for the IRS?  Cheesy



1353. Post 53561657 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

El duderino makes me think of a dude who does not really want to be a dude. Or something.

Well...  Shocked Huh

Right  Roll Eyes

Even in WWF they have better artist names  Cool



1354. Post 53561884 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

Quote from: El duderino_ on January 09, 2020, 02:54:20 PM
El duderino makes me think of a dude who does not really want to be a dude. Or something.

Well...  Shocked Huh

Right  Roll Eyes

Even in WWF they have better artist names  Cool

https://m.youtube.com/watch?v=5oLE0GUtOWs

Again, watch this Cheesy


Yes. Classic and Classy  Kiss



1355. Post 53572701 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.11h):

Quote from: FullNode on January 10, 2020, 09:42:28 PM
Most of you are legends, I don't know if I fit very well here, I feel a little weird among so many veterans, being such a rookie disappoints a little.   Roll Eyes
Will I ever get over this feeling?

Sure. You are still early.

Stick around and have fun.



1356. Post 53605604 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.12h):

Quote from: xhomerx10 on January 14, 2020, 06:07:09 PM

 Such a good feeling Wink




This reminds me of Jet Pac.



1357. Post 53613099 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.12h):

We can do this fast or we can do this slow...  Roll Eyes



1358. Post 53759240 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.14h):

I just noticed that the Twitter feed in Brave Browser now shows a little button next to a tweet for tipping a user’s tweet (OP or a response). More signs that full crypto integration is advancing.



1359. Post 53776102 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.14h):

Quote from: marcus_of_augustus on February 05, 2020, 09:14:37 AM
Re AIDS flu paper



...  is twitter-published peer reviewed I wonder?  Huh Roll Eyes

The question is: what does it mean?

Conspiracy or coincidence?



1360. Post 53792605 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.14h):

Quote from: P_Shep on February 07, 2020, 08:05:35 PM
Gone sideways too long. When moon?

Building base.

Patience, My Padawan.



1361. Post 53805187 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.14h):

Exactly. Some people need to chill out during the ride towards $100k.



1362. Post 53805307 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.14h):

And of course:



I almost forgot  Grin



1363. Post 53820335 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.15h):

Quote from: BobLawblaw on February 11, 2020, 09:38:04 PM


I just love the Dude.



1364. Post 53824112 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.15h):

A $30k white 2003 Bentley would do just fine  Grin
Still plenty to pay the repair bills and gas.

....if only I would have some more BTC of course....



1365. Post 53826947 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.15h):

Quote from: goldkingcoiner on February 12, 2020, 10:04:28 PM
Bearish RSI swing rejection on the 12H for Bitcoin and RSI bearish divergence for ETH. Are we going dump? I think we are about to dump down to 9ks.

Perhaps you’re right on the short term but longer term I see this spiking to about $20-24k after we will get a larger ‘correction’ dump.

Don’t sell too early.



1366. Post 53833329 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.15h):

Can’t see @Twitter why Pomp got the boot. But he is back again already.

Bull Run rescued  Grin

Edit: the reason for his short absence

Quote
I asked Presidential candidate Mike Bloomberg if he wanted to learn about Bitcoin. Told him to sign up for newsletter if so.

My guess is political bots mass reported me. Not really censorship, just abuse of Twitter auto-suspension feature when mass reporting by bots.



1367. Post 53864350 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.15h):

Quote from: Lucius on February 18, 2020, 02:03:32 PM

Source

Ouch. Very ouch  Grin



1368. Post 53871218 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.15h):

Quote from: mindrust on February 18, 2020, 07:33:45 PM
https://images2.imgbox.com/b7/70/ttE6W1Ox_o.jpg

Darn. Never a merit left when you need one...  Shocked Angry



1369. Post 53883298 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.16h):

Quote from: LFC_Bitcoin on February 20, 2020, 08:41:05 PM
I think BTC is going to rise.

The legendary rpietila.



More evidence that this wil be ‘The One’....



1370. Post 53895777 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.16h):

Report you to Tha Authoritahs.



1371. Post 53917838 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.16h):

Blood on the streets. Panic. The Best of Times.

This is where bull markets are born.

HODLing like a champ  Cool



1372. Post 53931797 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.17h):

Quote from: exstasie on February 28, 2020, 08:16:37 PM
BTCUSD looks like it's about to spring upwards hard.....

Good. Finally an end to all the sissy bear talk here  Roll Eyes



1373. Post 53951391 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.17h):

I purchased a tiny bit of Bitcoin so price can go down now.

/your most reliable contra-indicator.



1374. Post 53958699 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.17h):

Quote from: gentlemand on March 03, 2020, 08:28:48 PM
https://www.businessinsider.com/robinhood-trading-downtime-outage-second-day-backlash-2020-3?r=US&IR=T

The Robinhood app has had two major outages over a couple of days just as things are at their most volatile. Lots of talk of class actions on r/wallstreetbets.

Watch that centralisation, kids.

It seems they Bitfinexed too.



1375. Post 53989408 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.18h):

Also bougth my part. Usually a contrary indicator... Roll Eyes



1376. Post 54009367 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.18h):

This dump is very healthy in the long term. Driving out moonboys and imposters, leaving cheaper coins to buy for true users. The Halvening is a non event. Not like speculators and idiots think it will.

Looking forward to a nice gradual multi-year rise ‘2016-style’ after this shit is over.



1377. Post 54014170 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: peonminer on March 12, 2020, 11:52:42 AM

https://en.wikipedia.org/wiki/Capitulation_(surrender)

https://i.imgur.com/D09SNt8.png

Nailed it. If this recovers quickly in a day or so, this was the official end of the bear market.

I know I bought more for sure.



1378. Post 54014801 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: KonstantinosM on March 12, 2020, 01:59:41 PM
I just bought the dip, Just a little bit, I think that a year or two from now, we'll be looking back at this as a discount. I'm an optimist, next time we're getting to 20k, we're smashing through it like wet toilet paper.

edit: Bought at 7,664




I still stand by my position. I'll try to buy more on my next paycheck if these prices hold or improve. Why are people whining about getting a discount?

Because most people are emotional bitches and lousy traders.

You, on the other hand, are winning.



1379. Post 54014813 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

The only thing still missing is the forum going down  Roll Eyes

Nostalgia  Cool



1380. Post 54014847 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: Torque on March 12, 2020, 02:04:34 PM
Mark my words, we'll have another ten year epic bull run that will defy all gravity, logic, and common sense. The Fed will make sure of it.

Or the ‘FED effect’ will make the next bubble faster than ever because:

They. Won’t. Even. Be. Pretending. Anymore.



1381. Post 54015247 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Nobody is subscribed to MasterLuc's TradingView channel?



Summary: not buying now is idiot =>> (NBNII)



1382. Post 54015426 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Looking at the 5m chart, Bitcoin has to break out upward soon to avoid a more (very short term) bearish scenario of retesting the prior lows.

*deferring this to the TA professionals.



1383. Post 54015832 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Once people start getting the sickness, the current 'pseudo-lockdown' will effectively become a lockdown.

To save the elderly and sick (no problems  with that).



1384. Post 54015873 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

TLRY, you mean a cannabis compnay?



1385. Post 54016865 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: infofront on March 12, 2020, 08:14:16 PM


lol

Now that’s panic.

And an epic chance to some real GAINZ $$$



1386. Post 54016872 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: JimboToronto on March 12, 2020, 08:17:24 PM

Makes you wonder about Greta Thunberg. She must really hate COVID-19.


I suppose she has a field day, knowing that the planet will shed a lot of (polluting) human lives.



1387. Post 54016882 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Indeed, retest of the low coming up. It looks like I have to buy tomorrow again.



1388. Post 54017373 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: goldkingcoiner on March 12, 2020, 09:44:06 PM
People have only started panicking. We are not even in the eye of the storm yet.

That’s the spirit.

Only when I contemplate not selling my stash because it isn’t worth shit anymore anyway, is the moment I know we will have hit rock bottom.

The best solution for low prices still is ... lower prices  Grin



1389. Post 54017439 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Beginnings of a hammer candle forming on the 4hr chart. Precious Bitcoin may investigate $6,xxx during the night.



1390. Post 54017530 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Can you tell us more?



1391. Post 54019224 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Why do the magnificent dumps always happen when I’m asleep?

Life is unfair  Embarrassed



1392. Post 54019507 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Life will find a way.



1393. Post 54019768 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

JJG back to wordy.
Markets in calm(er) water again.
All is fine  Grin



1394. Post 54019831 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: Majormax on March 13, 2020, 08:01:17 AM

Now lets hear the bull case.


Bitcoin is still Bitcoin. Nothing that makes it a valuable experiment has changed. Perhaps speculators got bit but that’s all part of the (speculation) game. If speculation would be Bitcoin’s purpose, the smash down would be bad. But Bitcoin’s game is totally something else (yes, it really is).

To me, the smash down may lengthen the path but does not hurt the experiment. Especially if the COV19 crisis leads to another round of again more crazy monetary experiments.

So nothing has changed, and the entry price just got lowered.



1395. Post 54020646 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: Wilhelm on March 13, 2020, 10:06:03 AM
Panic wave seems over
Bitcoin is climbing back to it's true value
Bitcoin survived a pandemic and proves itself again
Anyone who bought the dip *congrats*

Up to $100k Cool


Too soon. This is not just a crypto dump. It’s much more and involving the broader market. It could become worse before becoming better.

I think it’s best to DCA. And of course ‘no sale ma’am’   Grin



1396. Post 54020684 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: Wilhelm on March 13, 2020, 10:23:59 AM

Well before I was in bitcoin I heard of the 2011 dip from $32 to $2 (94% drop).


That was different. It was desolated. Crickets and bushes everywhere. It seemed to fall in total oblivion without anyone noticing because nobody was there anymore.

This, this is full apocalyptic pr0n. Enjoying it every bit except for missing the bottom during my sleep.

But the speculation is still strong in this one. For good and for bad. So I will DCA a bit while normally I don’t do anything in trading for years. I am happy to lose an few $100s on a bet that this will be a major bottom in the grand scheme of things.

/positive note: managed to increase my stash in a few shitcoins, Yah!



1397. Post 54020779 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Except Master Luc  Grin



1398. Post 54020917 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Hmm, the panic has subdued. It’s becoming boring again.

Back to work  Cheesy



1399. Post 54021433 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

I also skip YouTube videos. Usually they host people that are not able to simply condense their thoughts in a couple of words or their points are boring anyway with the only solution of hiding it in a 15m Youtube talk.

Give me the printed letters or it won’t happen.

Speaking about thoughts: I think the big question in the next few months is whether the whole sell off (not just crypto but the broader market) can be contained and the affected pillar (financial markets) is saved from oblivion while the other pillar (government bonds with associated fiat currency) remains a pillar of trust.

There is a fair chance that saving the one twin pillar will start to affect the other twin pillar. The room to manoeuvre isn’t that big compared to 2008.

Only if both pillars come under pressure and ludicrous numbers of fiat tokens are slung across the wires to save faces, the public may catch on to the debauching of their beloved fiat tokens. Only then the premise of cryptocurrencies will be tested in earnest.

Peter Schiff’s body is ready. Is yours?



1400. Post 54021567 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Or worse: not any sentence that you would need.

I share your opinion. Reading trumps a video. Notable exceptions there of course.



1401. Post 54021609 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: d_eddie on March 13, 2020, 01:26:50 PM
One possible partial workaround is the PornHub approach, the "seek scope": a visual indicator of the number of views plotted over the time axis. It makes it easier to seek to the juicy bits instantly. As usual, porn sites have leading edge tech.

Did I actually learn a new thing today?

Wow  Grin



1402. Post 54023030 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Quote from: Cryptotourist on March 13, 2020, 05:30:14 PM
... You have to be willing to loose it all first.

Well said.

Since Bitcoin markets have no nanny holding their hands, the lows can be extreme lows but the subsequent highs can also be extreme highs.

It will probably be a dull next 6 months while the market basically drifts sideways before we see action again.






1403. Post 54023165 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.19h):

Looks like an excellent moment to load up on some extra coins.


daily


weekly

Return of the bull within 3-5 months.



1404. Post 54032049 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Quote from: mindrust on March 15, 2020, 09:38:48 AM
Another honest thought...

[...]

Shitcoins.

They are a huge part of the problem [...]

What a load of bullocks. It's the same as saying that having 100s of programming languages is a problem.

No way.

Players will converge to one or a few large networks. The rest will die. It just takes time.

Or do you also have 144 types of connectors for 144 different phones/electrical gear at home?



1405. Post 54034572 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

The root cause is selling. Lotsa selling.



1406. Post 54034775 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

A lockdown today, is keeping El_duderino away  Roll Eyes Grin



1407. Post 54037752 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

The price will be tied to the (stock) market panic for a while, it seems.

The difference is that Bitcoin is already near its bottom price. No Nanny holding its hand. No regulations forcing someone to hold or sell.

Don’t you love free markets at work?



1408. Post 54037776 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Quote from: Paashaas on March 16, 2020, 07:42:09 AM
The FED literally has no dry powder left.

It has plenty, but not without consequences.

The financial markets crashing touch one of the twin pillars (asset values).

Further FED actions will start scratching the other twin pillar: treasuries/the dollar.

This pillar is the linchpin. Watch it the coming months to see whether all will fall down or this will have been another one of those ‘once a decade’ buying opportunities.



1409. Post 54038082 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Quote from: Alexander_Z on March 16, 2020, 08:42:45 AM
Honestly it looks like 3.5k is almost a sure thing now, lower high after lower high, the question now is do we see a lower low compared to January 2019 (3k)?
I tend to believe it is entirely possible. We will definitely see 6.5k again but probably not this year.

Even 1k-2k area is something we could see again. The good news is there will be another bubble in the future. Nothing better than Bitcoin to make 500%-1000% profits.

500%-1000% from 1k? Entirely possible. 1000% from 2k (new ATH)? Unlikely. I am inclined to think that the all-time bitcoin bull market is over and we will see sideways trend for many years. Next (2024) halving may push the price up a bit, however.

Now that sounds like desperation. And I like it.

Nothing brings us back to reality better than a good kick in the nuts.



1410. Post 54039002 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Regardless of all the emotional whining, last time I checked there is still no decentralised permissionless digital currency out there with the same potential and standing as Bitcoin. So it’s buying Bitcoin at (still) cheap prices to me, although the time frames may have shifted.

I can wait...



1411. Post 54039528 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Bitcoin is not failing. It’s fiat currencies. The ship is wobbling and for now, people move out of ‘phoney wealth’ to their beloved fiat currency (and rightfully so). Since Bitcoin is (by most) priced in fiat and not the asset class deemed top of the line (yet; that’s still cold hard cash), it is dumped too.

But this short moment of the ship rocking the other way, does not negate fiat currency’s biggest issue: the ‘fiat’ part. More specifically, the relentless ‘fiat’ printing of it. One way or the other, there’s more and more of it over time. And the effect thereof cannot be postponed forever.

Debts turning sour complicate the picture. Debt deflation makes ‘perceived wealth’ disappear. The cash left becomes harder as a result. Only in the longer run, the true nature of it all becomes apparent.

Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.

Until that time, be ready.



1412. Post 54039602 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

These events ram the price of Bitcoin, but not it’s utility.



1413. Post 54039701 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Quote from: mindrust on March 16, 2020, 01:36:55 PM
https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

https://images2.imgbox.com/a9/e4/GdfW8Qnp_o.png


The longer view.

We should not shy away from this but plan accordingly (not this exact scenario but the chance that Bitcoin will slumber for a while).



1414. Post 54040016 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Its just a chart, not his 100% solid belief (nor the absolutely certain future).

You, Sir, need to close that lid, step out and enjoy the sun for a while  Grin



1415. Post 54040727 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Credibility can only be lost once.



1416. Post 54040871 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

It seems you do swap the rotor blades.



1417. Post 54042018 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

I’m not betting but take the cautious approach that the next 2 years won’t being anything. Not because of Bitcoin but because of the bear market in financial markets at a time that everything behind it is also rickety as hell.

It can only get better from that point of view.



1418. Post 54046550 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Bitcoin preparing a nice break out upwards  Grin



1419. Post 54046740 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Revised: Trump is seeking $1,000 per head to plow into Bitcoin  Grin



1420. Post 54048152 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Phew!...

All is well then  Wink



1421. Post 54054707 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

I don’t think this will be the Big One but the damage seems to be to such degree that more must be done than deemed reasonable to keep this from going off the tracks. This time it’s not about saving banks and a few selected crony companies, but also about keeping main street up and running.

There are discussing a $1,000 helicopter drop to each American right now  Shocked

Throw in a few other emergency government plans and - on top of the Fed’s letter spaghetti facilities - we are talking about up to $3 trillion annual budget deficits the next few years. The world has no alternative yet but the fuse will be lit.

First, the flight to the USD but thereafter, possibly the decline of the USD.

Watch closely what they do, not what they say.

Edit: anyone selling Bitcoin now will regret that heavily.



1422. Post 54056805 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Quote from: eddie13 on March 19, 2020, 09:02:10 AM
https://i.imgur.com/VyzY5Cq.png

Whats new?

Are you going to post the dirty laundry list of the West as well?




1423. Post 54058395 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

The pump is over.

Back to a little lower and sideways.



1424. Post 54058702 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Quote from: El duderino_ on March 19, 2020, 03:22:44 PM
The pump is over.

Back to a little lower and sideways.

Mmmmmm not sure, feel a little more pumpy atm

Obviously, any prediction from me wont age well.



1425. Post 54060873 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.20h):

Going to sleep.

Please don’t crash again during the night, missing my buy opportunity  Angry



1426. Post 54062897 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Cryptotourist on March 20, 2020, 09:23:02 AM
So what you're telling us - is that humanity cannot build millions of ventilators in a blink - if they needed/wanted to.
Yeah, I read the overwhelmed manufacturers part. No.

Define 'blink'



1427. Post 54063064 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

The bull shit we have to endure on the way to the top....  Roll Eyes



1428. Post 54063533 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

From my perspective, the lingering question is not the virus, but whether this causes non repairable shit in the legacy financial system. Something has been burning since September already when the repo market got sick. This had nothing to do with the virus.

So I am keeping an eye out for more sorrow (and related scare dumps) before I declare all this over.

Whether Bitcoin would dump as well in a renewed scare dump downwards: we will have to wait and see.



1429. Post 54066778 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: El duderino_ on March 20, 2020, 09:16:53 PM
https://i.imgflip.com/3teo0u.jpg

Great. Finally my new Galaxy gets shipped?



1430. Post 54068464 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Biodom on March 20, 2020, 11:12:51 PM

An interesting read, overall, though.

https://unherd.com/2020/03/covid-19-has-exposed-our-financial-fragility/


Highly recommended  Shocked

Two key words:
*MMT (money printing)
*UBI (Universal Basic Income)

It’s coming, and it will be damn impossible to shut it off again.

Bullish for Bitcoin.



1431. Post 54068807 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

The creativity gets better and better  Grin

https://www.reddit.com/r/Bitcoin/comments/fm2pia/the_bitcoin_price_this_week_in_a_nutshell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf



1432. Post 54069895 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Gyrsur on March 21, 2020, 10:31:53 AM
is the guy from the video a WO member?

https://youtu.be/wA4KS546rZo

I hope so. Cool as ice  Cool



1433. Post 54070091 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Sent fiat to exchange. Just in case Bitcoin decides to give another big chance to buy cheap (sub$4,xxx).



1434. Post 54072582 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: JayJuanGee on March 21, 2020, 06:11:05 PM
Sent fiat to exchange. Just in case Bitcoin decides to give another big chance to buy cheap (sub$4,xxx).

You are skipping straight from sub $5k to sub $4k?

One step at a time, Wekkel, no?

I am not going to presume sub $4k.  No way

No, I have a strategy aimed at sub $5,500, but then I wouldn’t have any fiat power left. I keep open the possibility that Wall Street takes another nose dive (in the US the Corona shit is about to hit the fan), possibly dragging Bitcoin down with it... again. I would hate missing a great ‘buy the dip’ moment again  Roll Eyes

So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.



1435. Post 54073048 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: JayJuanGee on March 22, 2020, 12:20:29 AM
So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.

Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks.

So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch?

Yup. My Mom Didn't Raise No Dummy  Grin



1436. Post 54073732 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

These 'insert text in a movie" clips are popping up everywhere: https://youtu.be/3wwKKVj3qTQ



1437. Post 54075226 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: serveria.com on March 22, 2020, 10:47:05 AM
What's the situation like in Sweden now btw? The number of the infected jumped up to ~1.5k people rapidly and then stopped. Do you have any idea why?  Cool

"What is not counted, does not exist"

- Chinese proverb -

"It does not matter who dies, but who counts the dead"

- Russian proverb -



1438. Post 54077044 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Nice one, fillippone.
Out of sMerit. Will get back to this one after I scooped up one again.



1439. Post 54077450 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Besides people surrounding me IRL, I am glad hanging around here with you guys (and girls) in these trying times.



1440. Post 54078635 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Last of the V8s on March 22, 2020, 05:56:33 PM

wtf is that scammy shit doing in your sig? deeponion was outed long ago was it not?

Yes, that was some time ago, but I like the crew and visit their forum once in a while. Good times. Maybe it will pump again once day. I admit being too lazy to change anything to my profile  Roll Eyes



1441. Post 54081611 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: vapourminer on March 23, 2020, 11:06:36 AM
i got a bad feeling about this drop

edit

meh ~5900

For now, a bullish scenario for a jump to $7,xxx seems to be developing. If the price holds of course.



1442. Post 54083470 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: JayJuanGee on March 23, 2020, 05:01:00 PM
[..]

For now, a bullish scenario for a jump to $7,xxx seems to be developing. If the price holds of course.

That surely is worth +1 WO merit... no more no less.  In essence, you seem to be suggesting that the BTC price is destined to go up, in the event that it does end up going up, rather than down or sideways.

Very informative!!!!!   Wink


The secret of every successful stock broker  Grin

It's easier to convey in a picture. I noticed some divergence between price bottoms and indicator bottoms that could indicate a reversal. Nothing more. And we haven't crossed $7,xxx yet  Roll Eyes



1443. Post 54083490 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Last of the V8s on March 23, 2020, 05:22:54 PM


She dates BIS head Agustín Carstens?



1444. Post 54084185 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: LUCKMCFLY on March 23, 2020, 08:04:13 PM
Interesting views.

So:
*advertising a dump is coming
*while the article referenced speaks of a potential break upwards above $6,300

while price is already above $6,000...  Huh

And I thought my own 'predictions' were already off the charts Grin



1445. Post 54086991 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

I am sensing some weakness in the current short term rally and expect a pull back. Exited my longs in an altcoin. Will probably regret it  Cool  Roll Eyes



1446. Post 54089656 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Peter’s father would be so disappointed.



1447. Post 54090071 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Yes, this is far from over. The big question: how will Bitcoin fare in all of this?



1448. Post 54094713 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

We are currently experiencing such a pullback... without the price pulling back  Cool

This market is not about selling; only adding if the price does recede a bit. Can’t afford not to be in it at least for a decent part.



1449. Post 54095380 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Biodom on March 25, 2020, 04:45:58 PM
Interesting opinion, although maybe not popular if applied here.

https://twitter.com/KeithMcCullough/status/1242540586042826760

Quote
What carries people out during crashes is getting longer on the bounces

Maybe btc is different. Overall market-who knows. Market declined in 2008 after stimulus, even chances this time (due to kitchen sink approach)

Its not the FED stimulus that counts (its just filling a hole, avoiding bankruptcy/liquidity problems), but the things that go directly into the mainstream economy. A 2 Trillion government package helps. But there is still too much uncertainty on how much damage and how long Corona will cause/last. I expect this to be more clear within 3 weeks. If Corona turns out to have been a fluke and damage will be limited in the end, we can expect soaring markets. If the damage appears to be extensive, I expect markets to be choppy at best and going into full depression at worst.



1450. Post 54095393 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Man's obsession with the Beast is overdone:




1451. Post 54096127 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Its time to take that $7,000 hurdle  Cheesy



1452. Post 54096863 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Tomorrow: Initial Jobless Claims. Could be a trigger for a new stock market sell off.

We’ll see  Cheesy



1453. Post 54098210 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

The price seems range bound $6,600 and 6,700. The oscillators are drifting down slowly without the price declining, making this an ideal set up for a great push upwards again. It’s gonna be a great day  Grin



1454. Post 54108678 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: OutOfMemory on March 27, 2020, 08:54:27 PM
I took all my strength together and had a look at the chart ($6670 quasi sideways).
In hourly, 10&50 SMA are cuddling, while 200 SMA will likely cross the price within the next two days, if the trend continues.
Hopefully that will bounce, if enough traders still trade lower timeframe TA.

I favour another good punch down (up to 10-20%), followed by an immediate recovery. That would be the signal for the long and steady multi year rally.

Hearing those BRRRs already  Grin



1455. Post 54110439 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Patience was rewarded with a price dip. Bought some more. Holding some fiat back should this worsen.

Pick a solid strategy and stick with it. Discipline is everything now.



1456. Post 54110778 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Dropping these just to show how extraordinary the current price point is. That does not say anything about the future (it could drop more) but with the Halvening approaching I am taking my bet  Cool

DCA some more at this point, gentlemen....

Weekly


3 Day



1457. Post 54111750 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Quote from: bitcoinvest on March 28, 2020, 12:16:57 PM
gooooood morning !!! incoming repeat of last night? we will test 5000 € bottom? what your opinions?

The dumping power seems underwhelming. But never underestimate the weak knees in a low liquidity market.

[insert_skeleton_waiting_meme]



1458. Post 54111791 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Not so fast. But the following tweet collection may grow your appetite for crypto some further: https://twitter.com/hansthered/status/1243544218984906752?s=19



1459. Post 54116797 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

Price dwindling a bit. Should it go below $5,500 (not expected), I will add some to my long position.



1460. Post 54119931 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

The short term price development looks weak. Like drifting lower slowly to a steeper and steeper plunge.

Hold your fiat ready...



1461. Post 54120069 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.21h):

i am already working at home for 2 weeks. After a frenzy on TP and other stuff, the situation in groceries stores has nomalised in terms of filled shelves. I have no experience with buying medicines and stuff but aspirin was in short supply when ordinary life got shut down.

If you live in The States, I can imagine things may be a bit rougher.



1462. Post 54127947 (copy this link) (by Wekkel) (scraped on 2020-04-04_Sat_17.22h):

Quote from: Amlloi on March 30, 2020, 09:13:32 PM
Hi guys, I want to share a Bitcoin price long term chart with you to discuss it. Looks so accurate, but I'm nowbie I can't post charts.
He's the link to the source if moderator allows:

https://www.tradingview.com/chart/BLX/pcEXZrv3/

It seems a major low is predicted, well below $3,000. Reaching a new ATH is also years and years away according to this prediction. Seems a lot of ‘ifs’ to me. Too many people are still looking for cheap coins.