All posts made by Kupsi in Bitcointalk.org's Wall Observer thread
1.
Post 2176216 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_10.59h):
Bye, bye bears
2.
Post 2393793 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.02h):
Bears posting on the forum , as usual, a sign for the price to go up.
bulls in denial, time to take advantage?
i think so!
sell everything!
ps: this is not sound financial advice.Adam is a bear again. Time to buy!
3.
Post 2498708 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
Do you realize that those variables ( bid sum/ask sum & price; bid sum & ask sum) are displayed in those charts taking into account their own relative highest and lowest points in a given timeframe, and thus them intersecting on the chart is just arbitrary and meaningless, right?
In the "Bid sum/Ask skum & Price" chart, both graphs are in USD/BTC and both graphs use the same scale. That's not arbitrary and meaningless.
4.
Post 2498782 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
Do you realize that those variables ( bid sum/ask sum & price; bid sum & ask sum) are displayed in those charts taking into account their own relative highest and lowest points in a given timeframe, and thus them intersecting on the chart is just arbitrary and meaningless, right?
In the "Bid sum/Ask skum & Price" chart, both graphs are in USD/BTC and both graphs use the same scale. That's not arbitrary and meaningless.
Sure, I typed too fast and I incorrectly included the Bid sum/Ask sum & price chart. But the fact that the bid sum and ask sum crosses on a chart is 100% arbitrary and meaningless, do you agree?
Yes
5.
Post 2500453 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
Mini-rally time?
nope Major rally time.
this one is going to last months
Yes! We are entering the summer, and summer = rally time
6.
Post 2513987 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
The weak hands are soon emptied...
7.
Post 2514322 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
The weak hands are soon emptied...
I've read that twice a week for the last 3 months or so.
3 months ago, we hadn't touched 100 for the first time. More hands become weaker when the price goes up. But soon they will be sold out again...
8.
Post 2522764 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
Less coins are moving around = more coins in cold storage and less coins on the exchanges = incoming summer rally
9.
Post 2523395 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
where the fuck is proudho(r)n ?
He clearly stated he left us and that he never really meant a thing he said... I think he'll come back if it ever goes above 250 again.
damn, want to see that post
Here you go...
https://bitcointalk.org/index.php?topic=191410.0PS: Adam also tried to leave speculation one time
https://bitcointalk.org/index.php?topic=88993.0
10.
Post 2524797 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.05h):
According to Moody, there are bids totaling more than $50 million in the $0 - $2.50 range.
It isn't difficult to manipulate the total bid sum. All you need to do is place lots of bids far below where you expect sales.
You need the cash...
11.
Post 2529503 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.06h):
...and double digits became history
12.
Post 2532208 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.06h):
The huge decline in asks.. were they sold or taken off the book?
No, not sold - well, some of them YES, but obviously not so many.
A decent amount was sold (bought).
http://bitcoincharts.com/charts/mtgoxUSD#rg1zczsg2013-06-20zeg2013-06-20ztgMzm1g10zm2g25zv
13.
Post 2543416 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.06h):
i got that mail too for a free yubikey, but didn't claim it as i just use google auth
You can sell the code.
14.
Post 2733757 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.10h):
It certainly looks like that $500,000 buy had little effect. The resistance is building. The longer we stay here the more it may build.
It's the bid side that is building up, not the resistance...
15.
Post 2735294 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.10h):
not to mention in 2011 there was 2x more bitcoins produced than it is now, and way less people interested. I doubt we will be repeating 2011 post bubble, it will be more like 2012 one.
This. In 2011 the monetary inflation was 50%. In 2013 it's only 12.5%.
16.
Post 2740320 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.10h):
Many seem to hide their heads in the ground, but the hard fact is that 10s of millions of $ have been invested in machines which only use is to mine BTC, and those 10s of millions of $ in mining rigs are a cost that miners are willing to recoup ASAP.
If the invested funds was taken from BTC savings they want BTC back, not FIAT.
17.
Post 2834735 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.12h):
Bye, bye double digits...
18.
Post 2943886 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.13h):
Always amused by canadianbitcoins.com's graphs. Can someone tell me what the yellow line is?
I guess weighted price.
19.
Post 2950472 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.13h):
The buy side of the chart is starting to look like a Tsunami is building....
is it just me or is it getting bigger
It is. Next week will be fun
20.
Post 2963281 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.13h):
21.
Post 2965358 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.13h):
That is nice to see, thanks for the post. Has Gox addressed this publicly though? Why just in a thread (and who are those characters? Any Gox affiliation?)
@MagicalTux is Gox owner Karpeles.
22.
Post 2986964 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
Are we back to boring?
Calm before the storm?
It always starts at a slow pace...
23.
Post 2987116 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
Are we back to boring?
Calm before the storm?
It always starts at a slow pace...
A crash or a rally?
Rally.
24.
Post 2991725 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
Relax. It's just the weekend dip.
25.
Post 2991791 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
Relax. It's just the weekend dip.
Is that still a thing?
Yes, look at the last month. But it's happening on thursday because people want to dump before it's coming on friday.
26.
Post 2991824 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
Relax. It's just the weekend dip.
Is that still a thing?
Yes, look at the last month. But it's happening on thursday because people want to dump before it's coming on friday.
Well, then its time to remember (again) the amazing "Hitler got screwed by Bitcoin weekend dip and is reminiscing about his Bitcoin mining career."
https://www.youtube.com/watch?v=4axmD2YvPnAEvery time I see it I crap my pants in laughter.
Do not worry. You do not daytrade, your coins are safe.
27.
Post 2992426 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
I sold my BTC, nice profit. All USD right now.
I guess you'll be leaving us to go over to
www.fiattalk.com from now on then?
No, I'm waiting for lower prices. I sold about 500 above $121 yesterday, it was the right thing to do.
I'll buy back in at some point. It might be next week, maybe not for months, who knows.
Please let us know when you buy back in. This could be fun
28.
Post 3010443 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
This much upwards pressure is a very strong sign on a Sunday, seeing as how it is driven by very limited funds. Once deposits start processing on Monday, expect a really good week.
I assume you aren't referring to USD deposits on Gox, correct?
Why do you assume he don't refer to USD deposits on Gox?
29.
Post 3010485 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.14h):
This much upwards pressure is a very strong sign on a Sunday, seeing as how it is driven by very limited funds. Once deposits start processing on Monday, expect a really good week.
I assume you aren't referring to USD deposits on Gox, correct?
Why do you assume he don't refer to USD deposits on Gox?
Because USD deposits and Withdrawals have not been allowed on mt.gox due to "banking problems" for like 2 months.
Chat buddy got a 7-combo on this page. New record?
I believed USD deposits took 7-10 days? If so, new funds will arrive every day.
30.
Post 3071747 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
Interesting, at exactly the same time that 1262 btc buy was initiated on the USD market, an 883 btc buy was triggered on the euro market. Maybe someone had a bot configured the moment someone buys hard on the USD market?
It's the same market.
31.
Post 3071802 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
It works like this.
In my example 1 EURO = 1.50 USD and Mt.Gox adds a 2.5% exchange fee between currenies.
I place a ask order @ 12.00 USD. This order will also show up at 8.2 EURO. (12 / 1.5 * 1.025)
I place a bid order @ 11.50 USD. This order will also show up at 7.475 EURO. (11.5 / 1.5 * 0.975)
When most orders are placed in USD, it will give a bigger spread at the EURO market because of the 2.5% exchange fee.
If I then place a ask order @ 8.40 EURO, it will show up at 12.915 USD. (8.40 * 1.5 * 1.025)
It's the same orders and the same actors on all Gox markets.
32.
Post 3071818 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
It works like this.
In my example 1 EURO = 1.50 USD and Mt.Gox adds a 2.5% exchange fee between currenies.
I place a ask order @ 12.00 USD. This order will also show up at 8.2 EURO. (12 / 1.5 * 1.025)
I place a bid order @ 11.50 USD. This order will also show up at 7.475 EURO. (11.5 / 1.5 * 0.975)
When most orders are placed in USD, it will give a bigger spread at the EURO market because of the 2.5% exchange fee.
If I then place a ask order @ 8.40 EURO, it will show up at 12.915 USD. (8.40 * 1.5 * 1.025)
It's the same orders and the same actors on all Gox markets.
I'm sorry that's just not true they're different markets, you're thinking about funding I think
No, you are wrong.
33.
Post 3071900 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
Edit: Please explain how on the jump from 130-140+ I was able to buy in fully with my gbp holdings @ 85£ (131$) while the USD market was already at 136$ for a few mins?
With todays exchange rate a sell order at 85£ would show up at 132.0985 * 1,025 = 135.4009625 in the USD market.
Gox could have used an exchange rate so the order showed up above 136 USD.
34.
Post 3096987 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
Where is now the $whale who likes to buy cheap coins?
He will show up @ sunday
35.
Post 3124152 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
They bought a new hamster
36.
Post 3130753 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
Since this has become the catch-all thread I'll just leave this here.
Reasons for concern. Bruce Schneier has written that he has seen a bunch of secret Snowden documents, and after seeing them, he recommends classical integer discrete log-based cryptosystems over elliptic curve cryptography. When asked to elaborate on why he thinks we should avoid elliptic-curve cryptography, he writes:
I no longer trust the constants. I believe the NSA has manipulated them through their relationships with industry.
http://crypto.stackexchange.com/questions/10263/should-we-trust-the-nist-recommended-ecc-parameters
37.
Post 3132917 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
Careful guys, ask sum is going to be under 40,000 soon. This is when those who are trying to call top get itchy fingers. Price can make leaps upward, but it will be very very hard to sell at top. Trust me. crash incoming
So, since I bought in at $143.39 - should I sell out again, and wait for the crash?
I'm saying it has potential to rocket up because of steep ask depth. But lots of others will try to call the top, bid depth won't be there...
The crash isn't coming because it's under 40k BTC for sale. That's when the fun start. The crash will come when the price has gone too high too fast. We're not there yet.
38.
Post 3132997 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.15h):
Hitting a 6 month high might pull some coins out of a few pockets anyway.
I agree. But I don't think this bubble will pop before $500.
39.
Post 3146709 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
So no big player is trying to start a weekend dip this weekend? I guess they are scared of the whales
40.
Post 3168407 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.
Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.
This.
Poor Gox.
The total BTC volume on the exchanges will become lower and lower if Bitcoin succeeds. Less BTC traded for FIAT = Good for Bitcoin.
41.
Post 3246078 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
Anybody know of a script or site that will monitor a bitcoin address for incoming transactions and only AFTER x confirmations alert me via SMS/Displaying on the screen/E-mail/anything.... ?
Blockchain.info wallet does this.
42.
Post 3257561 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
~2 day triangle almost closed.
Done!
43.
Post 3279196 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
Last chance to sell above $140 this year boys and girl.
I believe this warning is valid these days...
if you sell now, you sell for good.
the warning above is still valid.
44.
Post 3286926 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
The weak hands are shaking out at low prices. I'm loving it
45.
Post 3287220 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.16h):
its hard not watch.
Like a car crash...
46.
Post 3316028 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
epic crash in 5... 4....
u a bear now?
thinking about it...
Remember this one?
https://bitcointalk.org/index.php?topic=85687.msg1387055#msg1387055
47.
Post 3327423 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
The Bitcoin Trust is starting to make an impact...
48.
Post 3327440 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
...prepare for quadruple digits
49.
Post 3332569 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
too many buys too fast. this will end in sadness.
Buy now or be left behind...
50.
Post 3344101 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
51.
Post 3345413 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
52.
Post 3345487 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
How so? People were touting their horns about it the whole time, and now suddenly as it appears to be happening it's supposed to be not?
Of course lobbyists are onto Bitcoin, the whole gox situation wouldn't be there if they weren't.
I think this article is a pretty consistent explanation of current affairs.
I haven't seen a single government that is hostile against Bitcoin.
53.
Post 3345765 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
A friendly reminder...
Buy now or be left behind...
54.
Post 3351632 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
Watch out bears...
55.
Post 3364776 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
when we reach 180 new walls will appear, the size of these walls piling up fast will strike fear even in the most bullish bulls.
180 will be run over...
56.
Post 3365311 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.17h):
Prepare for panic buying. Number of news articles will take off again when we're approaching $200
57.
Post 3436891 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.19h):
I think there are 3 types of bitcoiners at the moment.
1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.
2) day traders, don't care what the price is but the market volatility just now is not inviting to participate in.
3) October 2013 new blood from recent spike, to these folk anything under $230 is a good price as they have seen it's potential. They are probably the ones fueling this dance around the $200 mark.
A lot of excitement about the price rise recently but it appears to have no determination to continue. i think we are looking at $140 - $170 without a panic, in the following weeks. With panic who knows....The Chinese love their money, if it starts disappearing in front of their eyes....
4) True believers which think everything below $10,000 is too cheap to sell.
58.
Post 3487445 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.20h):
$245
59.
Post 3489904 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.20h):
Fuck it! BUY BUY BUY
This is the right spirit!
60.
Post 3514649 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.21h):
Is hashrate going down or am I reading leaves here?
It dips with every difficulty increase, my estimate is this increase saw the last of the laggard GPU and early Asic,s drop out.
Hash rate is not going down if anything it may level out for a week or two.
It's only bad luck.
61.
Post 3524531 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.21h):
everytime i think about buying back in the price really moves
EVERYTIME
so annoying!! grrr
Are u out again?
62.
Post 3692655 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.28h):
Someone tell me this is somehow not going ugly.
Just a weeke ddip
63.
Post 3899148 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_11.35h):
i have NEVER been wrong, ask anyone.
64.
Post 4963887 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.03h):
$785 and the bears went out of ammo?
65.
Post 4964325 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.03h):
Come on bears! You can do better! Shake out the weak hands!
66.
Post 4964702 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.03h):
I think those were last cheap coins... Tomorow btc china will be full of fiat again.
Edit. Now we sow how much money is on stamp account... Was lots of selling in last 24h and the price moved +/-10$
It is 10 am 'tomorrow' in China right now.
and what is happening on BTC China different from yesterday or the day before that?
The banks open again
http://www.timeanddate.com/holidays/china/
67.
Post 5140264 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.09h):
How much does membership cost? Surely a refund won't "break the bank"?
1.8 BTC I paid
Woah! Do you get a vote with that?
Now it's around 0.04 BTC.
https://bitcoinfoundation.org/support
68.
Post 5148522 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.09h):
Looks like the Parabolic SAR will change side today
69.
Post 5413495 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.21h):
WE HAVE DONE IT! BITCOIN IS FINALLY STABLE!
Just like proudhon announced in March 2012
https://bitcointalk.org/index.php?topic=68274.0
70.
Post 5889189 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.29h):
Is bitstamp dead ? Trading is currently in anemic state, not a good sign IMO!
2 months ago 580 would be have been considered dirt cheap! Its all about perception i guess..$400 might be considered expensive in 2 months
6 months ago 580 would been considered crazy high!
71.
Post 5889478 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.29h):
Is bitstamp dead ? Trading is currently in anemic state, not a good sign IMO!
2 months ago 580 would be have been considered dirt cheap! Its all about perception i guess..$400 might be considered expensive in 2 months
6 months ago 580 would been considered crazy high!
That was pre-bubble time. Guess we are in a deflating period,i think a dip in 200-300 range is not a bear's dream..however that would take some long period of continuing decline.
The last two years, BitStamp have never fallen below 3 months low. I don't think that will happen in the next two years either. 2014 will be a great year for Bitcoin.
72.
Post 6227341 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.37h):
BS depth? what does that mean?
Bidside Depth ?
I guess Bitstamp.
73.
Post 6582621 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.43h):
74.
Post 6667788 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
So are we going to final bottom around $370 next week or not?
Don't bet on that. This could be the last chance to buy < $450.
75.
Post 6668140 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
So are we going to final bottom around $370 next week or not?
Don't bet on that. This could be the last chance to buy < $450.
So this time it is the last last last last chance
Could be.
76.
Post 6677060 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
another dump?? the next rally is taking a long time to put its shoes on. 2014 is gonna be such a boring year at this rate.
It always starts slow before it accelerates.
77.
Post 6716254 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
Anybody have a clue on how to invest in bitpay?
its not traded publicly.
So buy bitcoins instead
#ToTheMoon
78.
Post 6746133 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
I had read somewhere that bitcoin had been essentially banned in India (as in Russia). Is that true?
No country have banned Bitcoin.
79.
Post 6759642 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
I believe someone in this thread should watch this video
https://www.youtube.com/watch?v=qHUPPYzzZrI
80.
Post 6761641 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.
It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl
81.
Post 6761693 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
If that includes the above mentioned "bears" , I don't even want to think how much we're going to wait for it.
82.
Post 6761859 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
No, not really. Actually, not similar at all.
...
I'm talking about the volume.
83.
Post 6762230 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.44h):
No, not really. Actually, not similar at all.
...
I'm talking about the volume.
Me too.
Which of those two look more like "Volume is slowly picking up again a month after the bottom" to you?
Possibly the 'reversal' is more stretched out this time, because the entire correction was more stretched out, so I'm not taking the above as proof that we must go down again. I'm just pointing out that, so far, they look pretty dissimilar to me.
You need to look at Gox which was the biggest exchange in 2013.
http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl
84.
Post 6762517 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
^^^ notice the difference between the two charts: In 2013 there was a spike down from 100 to 80 after the bottom but it immediately rebounded back up and spent all of the consolidation time near the high of 100 rather than near 80. In 2014 there is a spike down from 540 to 420 but there was no rebound and it is spending all of its consolidation time near 420 and nowhere close to 540.
In 2014 the spike down was from 440 to 340. It rebounded and the consolidation is here now.
85.
Post 6762587 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
No, I don't. By July / August, gox was in hot water already, and it reflected in volume. More specifically, April 2013 was gox volume in full glory, by the middle of the year they had already taken a hit. I guess to do this the right way, we'd have to sum over gox, stamp, btce and btcchina, but I can't bring myself to do it for such little gain.
I agree. But Gox was still bigger than Stamp, BTC-e and BTC China combined, so Gox is most important.
86.
Post 6762881 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
^^^ notice the difference between the two charts: In 2013 there was a spike down from 100 to 80 after the bottom but it immediately rebounded back up and spent all of the consolidation time near the high of 100 rather than near 80. In 2014 there is a spike down from 540 to 420 but there was no rebound and it is spending all of its consolidation time near 420 and nowhere close to 540.
In 2014 the spike down was from 440 to 340. It rebounded and the consolidation is here now.
I am referring to the first spike down that occured AFTER the reversal
2013: 66 ->105 -> THE SPIKE=80 ->100 ->100->100->100->100 consolidating at high of spike
2014: 340->540-> THE SPIKE=420 ->440->440->440->440->440 consolidating at low of spike
OK. I understand you. But the spike to 80 didn't rebound to 100 immediately.
87.
Post 6763169 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
Someone want to buy @ Stamp
Edit: It was a 1400 buy wall at 445, but it was removed and divided into smaller bids.
88.
Post 6764682 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
I'd love to see one more drop to the 430-435 range before we go back up again.
I guess we see that this weekend.
89.
Post 6765310 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
Does anyone else think this trend looks similar to the pre-gox-failure trend in the 800s where it kept hitting 820? I can't be the only one...
Here is a major difference.
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=14&show_header=true&scale=1&address=
90.
Post 6766097 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
That is actually mega bullish!! ( I dont know why yet, but just insert random
retard reasoning)
china's government fears bitcoins awesome power.
...and bitcoins will be more scarce in China
91.
Post 6770012 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.45h):
What happened to the order book at stamp? Only 4k btc until $400
I see ~10k
This is what mine looks like, maybe it's a bug?
Of course that's a bug. No bids at all in that flat area? Cmon
Which is why I asked wtf just happened
Just refresh the page.
92.
Post 7078745 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.49h):
What's your address Adam? You need another bottle of vodka.
93.
Post 7078880 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.49h):
19Rw7tUqTEMfgzxNRP4s2twAECpF3rVyZM
this my havelockinvestments.com wallet
all contribution will go towards Seedcoin Fund 1 (SFI), and other funds which help bitcoin startups.
A bottle of vodka shipped:
https://blockchain.info/tx/ce9cce0d051dbe19066bd2a8837ebd4e625180db97f394015f20c9de84cb1c8c
94.
Post 7078973 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.49h):
Lol that is more like 2 bottles.
Alcohol is expensive here. That's the price of a 0.7l bottle of the cheapest Polish vodka.
95.
Post 7079068 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.49h):
Lol that is more like 2 bottles.
Alcohol is expensive here. That's the price for a 0.7l bottle of the cheapest Polish vodka.
Scandinavian?
Yes, Norway.
96.
Post 7079145 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.49h):
Im not getting drunk since i did not get a beer from Adam.
So im gonna talk reasonably and ask what is the best site where i can find charts on btc price?
http://bitcoincharts.comhttp://tradingview.comhttp://bitcoinity.org/markets
97.
Post 7334115 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.53h):
Objectively, what are our chances of going lower? I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year. Ignoring the trolls, is there a legitimate chance of hitting $500?
DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we 100% sure will see 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down.
The bulls obviously want the price to go up but will be a bit more modest and say we likely won't see 500 again. Either way any info you'll get is coloured and worthless.
The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do.
Yes, don't listen to that advice...
Edit: Or this one. Ehh...
98.
Post 7342387 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.53h):
Yes, Bitcoin. I guess $5xx is history now
99.
Post 7342949 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.53h):
Yes, Bitcoin. I guess $5xx is history now
Dont be sure, still there is chance to touch again 5xx or lower.
I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours
Edit: And there it was
100.
Post 7343050 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.53h):
Yes, Bitcoin. I guess $5xx is history now
Dont be sure, still there is chance to touch again 5xx or lower.
I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours
"Predicted" oh god...are you playing an enlighted person? You did only randomly guess it...
LOL
101.
Post 7343083 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.53h):
Yes, Bitcoin. I guess $5xx is history now
Dont be sure, still there is chance to touch again 5xx or lower.
I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours
Edit: And there it was
So you were wrong once, and you want us to believe you will be wrong another time ?
Something like that. But $5xx is history soon. Everything below $1000 this summer is a cheap buy.
102.
Post 7343188 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.53h):
Yes, Bitcoin. I guess $5xx is history now
Dont be sure, still there is chance to touch again 5xx or lower.
I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours
Edit: And there it was
So you were wrong once, and you want us to believe you will be wrong another time ?
Something like that. But $5xx is history soon. Everything below $1000 this summer is a cheap buy.
I hope you are right. I entered in bitcoin world after last ATH, so i never lived a "to the moon phase" and it's hard to believe it is going to happen once again.
No doubt. This forum will be full of dead bears, dancing bulls, rockets and fireworks again
103.
Post 7455652 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.54h):
1. can anyone confirm that the US Marshalls won't sell a batch of 29k BTC to a single bidder, but smaller batches to multiple bidders? I can't really tell from the auction listing.
There are 10 batches.
This auction is for 9 blocks of 3,000 bitcoins (Series A Blocks) and 1 block of 2,656.51306529 bitcoins (Series B Block).
Series Bitcoins per Block Blocks Available Total Bitcoins Available in Series
A 3,000.00000000 9 27,000.00000000
B 2,656.51306529 1 2,656.51306529
Total 29,656.51306529
You must use the Bid Form that will be provided to eligible registered bidders only. Your bid must reflect the number of Series A Blocks (up to a maximum of 9 blocks) and Series B Blocks (up to a maximum of 1 block) that you wish to purchase. A bid on more than one block from the Series A Blocks means that the bidder will accept any number of blocks up to the number of blocks for which he/she/it bid (e.g. a bid to purchase 5 blocks of Series A means that bidder will accept 1, 2, 3, 4 or 5 Series A Blocks at the per block offer price).
The prevailing bids will be determined by the following criteria:
1. The eligible bidder who offers the highest price will be the prevailing bidder;
2. If there are multiple bids at the highest price, the first bid received will prevail; and
3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold.
104.
Post 7610725 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.56h):
Is anyone getting good quality on this video? I only get 240p
https://www.youtube.com/watch?v=g2nXgK34HIM&index
105.
Post 7610757 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_12.56h):
Im getting 1080p, try again.
OK, thanks. Trying again tomorrow.
106.
Post 8088905 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.01h):
This is boring. When is Wall Street done with the summer holiday?
107.
Post 8138339 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.02h):
Bears be like
wtf happened last night? I love this
108.
Post 8301618 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.03h):
Just don't bring out the Wat lady....whatever you do.
Wow! It is my first time seeing Legendary status. How to get it?
I'm legendary. Yiha!
109.
Post 8316835 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.04h):
110.
Post 8320048 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.04h):
This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.
You're so right, man! My bitcoin that was worth $588 yesterday is only worth $570 today!!! What a devastating crash, a btc crash to end all crashes!!
(In. case. you. can't. tell. that. was. mega. sarcasm.)And it was worth $600 a couple weeks ago and worth $630 a week before that and $680 only a couple months ago. You're welcome to keep holding if you'd like, but smart people are reducing their exposure right now.
...and $450 three months ago. Forgotten that?
111.
Post 8320271 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.04h):
This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.
You're so right, man! My bitcoin that was worth $588 yesterday is only worth $570 today!!! What a devastating crash, a btc crash to end all crashes!!
(In. case. you. can't. tell. that. was. mega. sarcasm.)And it was worth $600 a couple weeks ago and worth $630 a week before that and $680 only a couple months ago. You're welcome to keep holding if you'd like, but smart people are reducing their exposure right now.
...and $450 three months ago. Forgotten that?
Well, I think that represents where we're going again over the next few weeks. You need to remember that in May everyone was calling for the next huge rally in late July. There were graphs and TA everywhere calling it, and much of it looked quite convincing. All it took was a small spark to ignite that frenzy up to $680, but when nothing materialized, investors lost hope again.
What do we have to look forward to now? There are some half heartedly calling for a bubble in October or November, but I don't think they even really believe it. We're all just blindly hoping now, so I think a return to the April/May price levels (or lower) is just about inevitable now.
I believe you are wrong. Time will tell.
PS: People are hoarding coins.
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false×pan=2year&show_header=true&daysAverageString=28&scale=0&address=PS2: Use of bitcoin is going up again.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
112.
Post 8320432 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.04h):
I'm not surprised that transactions have risen in the past few days, but can't that just be attributed to holders getting spooked and sending their coins around to sell? If so, then yes, transactions are rising, but it's far from a good indication for future price forecasting, imho.
More transactions could be people wanting to sell. But Bitcoin days destroyed is low. That doesn't indicate people wanting to sell.
113.
Post 8332160 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.04h):
Bitcoin is only down 4% from yesterday, goys!
...and 7% from two days ago. And 10% from two weeks ago... and 13% from a month ago...
Ahem... carry on!
...and 20% up from three months ago.
114.
Post 8332285 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.04h):
Bitcoin is only down 4% from yesterday, goys!
...and 7% from two days ago. And 10% from two weeks ago... and 13% from a month ago...
Ahem... carry on!
...and 20% up from three months ago.
Oh, we're well on our way back to the $400s I'm afraid. Some people here seem to think I take pleasure in watching the price drop. I don't. I believe in bitcoin and that was the reason I invested in it originally... but obviously we've derailed at some point and mainstream adoption is looking less and less likely. Look at the devastation to the alt coin market over the past few days. This is what is happening to bitcoin, just on fast forward.
You know... the bigger they are, the harder they fall?
Altcoins don't have a future. Bitcoin has.
115.
Post 8362955 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.05h):
116.
Post 8387334 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.05h):
Any feedback from this shit?
Hyggelig å se flere nordmenn her inne
117.
Post 8425657 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.06h):
To joy for new viewers
https://www.youtube.com/watch?v=K2ku1A5Ox8U(Things have been bad before.)
118.
Post 8425723 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.06h):
Fonzie&Blitz; one of the very few last remaining bulls in this mad house, lol.
I'm a bull!
119.
Post 8440850 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.07h):
well its official max kizzer is no longer a bitcoin millionaire.
Can you elaborate please?
look its max keiser's coins on the front lines
give him what he always secretly wanted, dollars lots of dollars!
and the wall was just eaten.
i'm just speculating...
dont take things i say as serious, i'm a lunatic!
I believe Max want to be a bitcoin billionaire. He won't sell yet
120.
Post 8444688 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.07h):
121.
Post 8444917 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.07h):
Hello all, after years of reading on these boards i decided to finally create an account.
Just want to give my support for the bulls
, im a true believer.
That's the spirit!
122.
Post 8525759 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.08h):
Right now bitcoin hashrate 178,578,749 GH/s . I saw 200 few days ago and Estimated Next Difficulty was %21, now %17. Someone please explain why it is unstable and actually hashrate down? Some miners turn off their ASIC?
It's just how it works. We don't know what the current hashrate is. If the miners get lucky and find many blocks over time, the hashrate will show too high. If the miners are unlucky and find fewer blocks over time, the hashrate will show too low.
123.
Post 8547861 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.08h):
spending 500$ at newegg.ca is easier said then done, i only need and external HD... wtf do i do now
i want the 30% off 500$
25% of at 300 to you know. that or find something nice to buy
Or the best deal: Hold onto your coins
124.
Post 8678888 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.10h):
Just for curiosity, if some day you use bitcoin to buy a car, how will you make sure that the address that you are sending the bitcoins to is indeed the car dealer's? What will you do if the car dealer tells you that they did not receive any bitcoins, and that their payment address is not the one you used?
You get a copy of the sales contract with the address and the QR-code before you transfer the coins.
125.
Post 8728090 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
The last day on that chart always shows a 0. It's a glitch.
I told them this in may, but nothing is done about it:
https://bitcointalk.org/index.php?topic=40264.msg6622300#msg6622300
126.
Post 8749318 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
Wall is down!
127.
Post 8749777 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
Well, this is getting ugly fast. It was a trap, folks.
...says the newbie.
128.
Post 8750877 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
Wall at Bitfinex down!
129.
Post 8750944 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
How much of the asks at Stamp are real? I guess they will start to pull back soon.
130.
Post 8754235 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
How much in shorts are still up at Bitfinex?
131.
Post 8754289 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
How much in shorts are still up at Bitfinex?
8600BTC
Look
here.
Thank you
132.
Post 8754311 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
How much in shorts are still up at Bitfinex?
8600BTC
Look
here.
i like better
this one
Ty, ty
133.
Post 8754344 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
It's 04:40 in the morning, so I should go to bed instead of watching this slow rally. I'll just play the Bitcoin rally song one last time
134.
Post 8754440 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.11h):
It's 04:40 in the morning, so I should go to bed instead of watching this slow rally. I'll just play the Bitcoin rally song one last time
the next few hours are absolutely critical
just say'n ....
Indeeed
Popcorn is ready!
I know...
135.
Post 8768727 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.12h):
136.
Post 8783898 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.12h):
137.
Post 8822822 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.12h):
I hope you showed them pictures of big, big rockets! And trains
138.
Post 8822871 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.12h):
I hope you showed them pictures of big, big rockets! And trains
i asked a group "have you heard about bitcoin "
one of them say "?oh ya that thing on the internet!"
handed them a coin
"well now you're a millionaire!"
* lolz and walks away.*
lol
139.
Post 8822900 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.12h):
I hope you showed them pictures of big, big rockets! And trains
i asked a group "have you heard about bitcoin "
one of them say "?oh ya that thing on the internet!"
handed them a coin
"well now you're a millionaire!"
* lolz and walks away.*
lol
i just gave out these empty wallets some poeple might go home and think they have 5BTC, and be like omg he gave me 2500$$ O_O !!!!
LOL!
They need to do some research, and then they'll be bitten by the virus
140.
Post 8867923 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.13h):
It's time to play the rally song. If everyone do this...
http://orymh.bandcamp.com/track/the-bitcoin-rally-song
141.
Post 8874171 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.13h):
Where is falllling? Now I'm worried
He's busy, buying all the cheap coins.
142.
Post 8874232 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.13h):
where can i look at the swaps? charts or whatever ye look at to see this? 1m usd swap = bullish right?
Get an account with Bitfinex to see the swap. 1m USD swap means somebody borrowed 1m USD to buy bitcoins/litecoins.
The second chart here is good.
http://www.bfxdata.com/combined/btc.php
143.
Post 8889541 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
And I don't even like TA.
Sorry for the dimness but what does this imply?
Big double bottom
...just like in September last year...
144.
Post 8890448 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
145.
Post 8890702 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
big time miner gone offline?
Blockchain.info not updating with new blocks...
https://blockchain.info/
146.
Post 8891598 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
thats alot of money.
how do they expect him to pay?
He must have saved some coins. I would.
147.
Post 8892703 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
Bid side on stamp has beefed up decently, has Loaded arrived ?
Definitely seeing improvement there. Sure sign a bottom is near
That's what
He was waiting for.
He will fill of those bids.
Who is this Loaded guy? Backstory plz.
Loaded appears to own a large number of coins and also had clients he was managing them and buying for. A whale out in the open pretty much.
He own this address:
https://blockchain.info/address/1BqcwhKevdBKeos72b8E32Swjrp4iDVnjP
148.
Post 8892804 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
are confirmations taking longer today than usual because of the high number of transactions going on? I sent some BTC from coinbase to cold storage (with the standard .0002 fee). Still no confirmations after almost 2 hours...
yes bitcoin broke today sry for the inconvenience...
LOL...no wonder the prices have gone down. The rest of the world must be figuring out it is broken? haha
not sure exactly what's going on...
blokchina.info is definelty fucked
can you tell us if you can see the TX confrim on blockexplorer.com or some other blockexplorer site?
blockexplorer actually isn't working for me either. The website loads but when I enter and address and click "go" it just sits there
You can try this one:
http://btc.blockr.io/
149.
Post 8892815 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
this thread makes me lol so hard sometimes
blokchina.info
LMAO!
LOL. High again?
150.
Post 8892939 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
are confirmations taking longer today than usual because of the high number of transactions going on? I sent some BTC from coinbase to cold storage (with the standard .0002 fee). Still no confirmations after almost 2 hours...
yes bitcoin broke today sry for the inconvenience...
LOL...no wonder the prices have gone down. The rest of the world must be figuring out it is broken? haha
not sure exactly what's going on...
blokchina.info is definelty fucked
can you tell us if you can see the TX confrim on blockexplorer.com or some other blockexplorer site?
blockexplorer actually isn't working for me either. The website loads but when I enter and address and click "go" it just sits there
You can try this one:
http://btc.blockr.io/Weird, I logged into coinbase, and coinbase shows that there has been 12 confirmations. Still 0 confirmations on blokchina.info lol
TRY THIS ONE:
http://btc.blockr.io/blokchina.info is high on cannabis.
151.
Post 8894507 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
blokchina.info seems to be working with the confirmations again...
But their charts are not fixed...
152.
Post 8895008 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
blokchina.info seems to be working with the confirmations again...
But their charts are not fixed...
Fixed now
153.
Post 8896011 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.14h):
...and even I am having bearish thoughts!!
You have been on the wrong side before. I remember you even bought litecoin one time
Hoist the colours!!!
154.
Post 8932272 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.15h):
155.
Post 8932295 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.15h):
what about the 20K he keeps on stamps?
Never heard of them?
156.
Post 8932434 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.15h):
I'm listening. LOL. He sounds like falling
157.
Post 8940181 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.15h):
Goodbye Bitcoin it was nice knowing you !!!
Have just cashed out and dont think I will be coming back :-( seems like the whales are killing the geese that lay the golden eggs !!!
Just don't do it. Really. If you already did it, at least buy a little back in. Nothing is worse than watching a Bitcoin bubble from the sidelines, IMHO.
what bitcoin bubble? stop dreaming poeple, bitcoin is hurt bad, not saying its going to drop much further, but stop thinking its just going to magically go up in a bubblish way.
maybe next year.
800 next week!
158.
Post 8944518 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.15h):
Goodbye Bitcoin it was nice knowing you !!!
Have just cashed out and dont think I will be coming back :-( seems like the whales are killing the geese that lay the golden eggs !!!
Just don't do it. Really. If you already did it, at least buy a little back in. Nothing is worse than watching a Bitcoin bubble from the sidelines, IMHO.
what bitcoin bubble? stop dreaming poeple, bitcoin is hurt bad, not saying its going to drop much further, but stop thinking its just going to magically go up in a bubblish way.
maybe next year.
800 next week!
159.
Post 8974764 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.16h):
This weekend will be remembered as the weekend the 2014 rally started
Hoist the colours!!!
160.
Post 9054495 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.18h):
161.
Post 9098067 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.20h):
The bitcoin price is finally stable.
162.
Post 9201434 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.24h):
Bitcoin is controlled by math and algorithms while Fiat is controlled by governments and banks.
That's why people should trust Bitcoin more than Fiat.
My shitcoin is also controlled by math. Trust my shitcoin
I trust it. But I want to use the coin that most people use. Bitcoin is most useful to me.
163.
Post 9294822 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.25h):
How many coins do the Winklis actually own? 200-500k?
200k(500k) * 500$ = 100 000 000 (250 000 000$) capacity.
200k(500k) * 1000$ = 200 000 000 (500 000 000$) capacity.
Not that much $ for an ETF IMHO.
They have a little over 100k. When the ETF goes live they will need to buy coins at the open market to satisfy the demand of wall street
164.
Post 9359482 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.27h):
I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.
Good luck with your pump and dump coin.
So we won't see you when price is above $300 any more? Sounds good to me.
165.
Post 9399784 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.28h):
Are coins going into cold storage now instead of out of? If so, the price should start to climb soon.
(8 weeks average chart)
166.
Post 9403904 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.28h):
The Winklevoss will look like dumb shits next week at Money 2020.
sure, they will look dumb as fuck for buying for 100 $ or less.
They bought around $10 in 2012.
167.
Post 9441011 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.29h):
do you guys believe we will shall see the 100$ this yeahr?
No way. $2xx is probably history too.
168.
Post 9447000 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.29h):
Hey guys sorry if this is off topic but does anyone know, are you no longer allowed to change your leverage rate on bitfinex?
I thought they allowed up to 2.5x leverage, but I'm not seeing anywhere to adjust leverage settings.
so..
what happend ?
short squezzed
afaik, you set your leverage rate when you register
I do recall setting my leverage settings when I registered. Odd that they don't allow you to adjust it later.
I suppose I will just have to make a new account if I want to change my leverage settings then
They have one leverage setting for all users now.
169.
Post 9447038 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.29h):
In our ongoing effort to deliver the very best in crytocurrency trading, Bitfinex is pleased to announce several changes and enhancements to our margin system that will pave the way for better risk management, product-based margin requirements, and future trading products. We have also decided to streamline some of the associated margin features, updating and harmonizing margin terminology
1. We have decided to eliminate the Choose your leverage feature, i.e., 1:1, 2:1 & 2.5:1. Instead of this, we are implementing a per-pair leverage allowance. This will allow us to tailor the exposure based on the assets volatility. Virtually all users maximize this value, and since it is self-selected anyway, we have chosen to simplify our product by eliminating it.
2. We are also changing the way that we calculate Tradeable Balance. Currently, we do not consider the nature of a traders collateral when trading swaps, but that has lead to a loophole that allows a trader to effectively achieve 3.5:1 leverage by using BTC as collateral for a long BTC swap (most common example). While we are not particularly concerned about the effective leverage per se (see #3 below), we do, nonetheless want to harmonize risk management by considering any other collateral besides the one indicated by the pair (USD in the case of BTCUSD) as part of the allowing leverage for that position.
3. While we understand that #2 may impact some traders used to the extra leverage, we are counteracting its effects by increasing initial allowable leverage to 3.33:1. We are making this change in the context of making the following changes the margin terminology and parameters.
1. We will be changing any mention of Leverage to Initial Margin and representing it as a percentage instead of a ratio, which means that leverage of 2.5:1 would be represented as 40%. The new leverage of 3.33:1 will be shown as an Initial Margin of 30%.
2. Maintenance Margin will be increased slightly to 15% and will be fixed to be always be half of the Initial Margin for any giving swaps product.
3. These changes will allow us to easily adjust the margin parameters for a given swap pair to reflect marketplace realities as well as give us the ability to introduce future products that, for example, may be substantially less volatile, requiring less margin to trade. For the time being, 30%/15% margin parameters will be the same for all swap products.
The net effect of trader behavior and existing positions will be negligible and we look forward to delivering on the possibilities and new opportunities created by these changes. These changes will go into effect on Monday, August 18, 2014 at 00:00 UTC.
170.
Post 9470047 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.29h):
Another weekly pump to pick up some shorts, back down we go
....
You know the price went higher after your comment yesterday?
171.
Post 9470110 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.29h):
Where is Adam?
He's lurking around.
Last Active: Today at 01:38:00 AM
172.
Post 9615724 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.33h):
173.
Post 9694366 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.36h):
That spike may be the ~144'000 coins seized from Ross Ulbricht's laptop.
No, they are resting here:
https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw
174.
Post 9740271 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.36h):
Price kinda stinks.
I expected a rise to about 400 dollars today.
175.
Post 9742296 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
One bid could take them all...
Bidders must register to participate in a designated Series. Bidders may register to participate in more than one Series, but must provide the required deposit for each Series (i.e. the deposit requirement aggregates depending on the number of Series selected).
As with the last auction, one registration allows you to bid on multiple blocks for the same price, but does not allow you submit multiple bids at varying prices. If you wish to have the ability to bid multiple prices on multiple blocks within the same Series, you will need to submit another registration form and additional deposit. The following examples are provided for your convenience:
Example 1: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins) requires ONE registration form for Series A with a $100,000 deposit. Use ONE Bid Form to bid for ALL THREE Series A blocks.
Example 2: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins), and two (2) blocks of Series B for the same per bitcoin price (e.g. $Y per bitcoin for 6,000 Series B bitcoins) requires ONE registration form for BOTH Series A and B with a $250,000 deposit ($100,000 for Series A plus $150,000 for Series B). Use ONE Bid Form to bid for Series A AND Series B blocks. Note that the per-bitcoin price for Series A does not need to match the Series B per-bitcoin price.
Example 3: Three (3) separate bids to purchase blocks of Series A at different prices (e.g. $X per bitcoin for 2,000 bitcoins, $Y per bitcoin for 2,000 bitcoins, and $Z per bitcoin for 2,000 bitcoins) requires THREE separate registration forms (EACH selecting Series A), and a $300,000 deposit ($100,000 for EACH registration). Use THREE Bid Forms, ONE FOR EACH Series A block. Note that each registration also permits a bidder to register for other Series (requiring additional deposits).
176.
Post 9748334 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
Bids received - 104
BTC quantity bid - 124,127
ähhh...what? i dont get it...somebody care to explain?
Barry Silbert / Secondmarket collected 104 bids for a total of 124,127 coins. They merged the bids and made new bids for the 50,000 bitcoins on the auction.
177.
Post 9749797 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
Question... The Winklevoss twins say that Bicoins will be worth greater than $100,000... but they decided not to bid on coins they could arguably get below market. Why?
Because they already own 100k+. They don't need more to become very, very rich.
178.
Post 9749842 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
Question... The Winklevoss twins say that Bicoins will be worth greater than $100,000... but they decided not to bid on coins they could arguably get below market. Why?
Why buy now? Wait 1 - 2 months and buy then at much lower prices and with little slippage due to huge volume.
Well, that's the point. They are as locked in as anybody... and they aren't even willing to throw out a spitball, low bid on this.
They bought at $10. If they wanted more, they would have bought more then.
PS: Tim Draper came late to the party. He is trying to buy again.
179.
Post 9749929 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
Question... The Winklevoss twins say that Bicoins will be worth greater than $100,000... but they decided not to bid on coins they could arguably get below market. Why?
Why buy now? Wait 1 - 2 months and buy then at much lower prices and with little slippage due to huge volume.
Well, that's the point. They are as locked in as anybody... and they aren't even willing to throw out a spitball, low bid on this.
They bought at $10. If they wanted more, they would have bought more then.
PS: Tim Draper came late to the party. He is trying to buy again.
But they said $100,000... so below $400 is certainly a bargain... and likely below $350 and even a $250 to $300 bid is within the range of possibilities. Are they just bad at math and opposed to 300x profits?
Why don't you short more if you know the price will go down? Are you bad at math?
180.
Post 9750008 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position.
Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best.
If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding
181.
Post 9753685 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.37h):
182.
Post 9806063 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.38h):
183.
Post 9821493 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.39h):
Bitcoin days destroyed doesn't say anything about adoption, and the standard transaction fee has been lowered several times the last years.
184.
Post 9888972 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.40h):
lost over $150k this year
do you guys still think we could see $10k within 3years?
Next year.
185.
Post 10098682 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.45h):
if you zoom out a little you see we are only down 7%, zoom out some more and we are down 15%, take another step back and we are down 53%, from the sustained high of 800 we are down mother fucking 65%, from ATH we are down mother fucking stupid ass bitch fest fuck tard bear bubble 76%
@ 200$ bitcoin would be down 83% from ATH
@ 100$ bitcoin would be down 91% from ATH
@ 50$ bitcoin would be down 96% from ATH
@ 10$ bitcoin would be down 99% from ATH
Hey @adamstgBit, why have you deleted your post? :/
"Starting to think bitcoin is dead
", it was here a moment ago before I refreshed...
Has something caused you to change your mind or have you just realised you were drunk posting again?
bitcoin isn't dead, its dying...
Adam getting bearish?
Then it's time to buy!
186.
Post 10201660 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.51h):
187.
Post 10201732 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.51h):
This is the face of the bear cultists. And he's been at it since 2011.
188.
Post 10211619 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.51h):
2014. A little late maybe?
189.
Post 10250917 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.52h):
Hoist the colours Bitcoin!
190.
Post 10281346 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.53h):
Why aren't the Greeks and Russians buying?
Can't say anything for Greeks, but Russians are buying USD, because RUB is being inflated much faster than USD, so the majority of the people don't notice any USD inflation.
The interest is growing in Russia.
http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zv
191.
Post 10293687 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.54h):
Buy pressure is building up at Coinbase
192.
Post 10322700 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.55h):
I have a question for you guys:
You own 5k bit-coins. What do you do? Serious question.
Sell 1% every month and enjoy life.
193.
Post 10442193 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_13.58h):
I guess Coinorama is wrong. It doesn't show the whole order book in the order book window.
194.
Post 10550520 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.00h):
Looks like 1 week MACD will turn positive this week
195.
Post 10566265 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.00h):
The first legitimate bubble took the price quickly from $1 to $2 to $32, and then in short order back to $2. It took another 3 years for the price to recover to around $20 in value, as public awareness of the existence of bitcoin slowly grew, and new money flowed in.
It took 1 year and 9 months. After three years, the price was ~$600.
196.
Post 10566700 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.00h):
Thankfully, the Silk Road was eventually shutdown - the price of the bitcoin dropped immediately and sharply (though today reincarnations of this dark bazaar now exist).
After 14 days, the price was higher than before Silk Road was shut down. Then the price increased 10x in two months.
197.
Post 10570507 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.00h):
My investment portfolio is doing even better than expected, I'm up thousands of $$ today.
How's that bitcoin investment working out for all of you? Just wondering, because from here, it doesn't seem to be going too well.
I'm doing pretty ok. Right on schedule.
This is my magic schedule:
Jun 1 2012 $5
Dec 1 2012 $10
Jun 1 2013 $20
Dec 1 2013 $40
Jun 1 2014 $80
Dec 1 2014 $160
Jun 1 2015 $320
Dec 1 2015 $640
Jun 1 2016 $1280
Jun 2 2016 Retire
198.
Post 10570769 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.00h):
Sorry Kupsi, I had to go look at some of your old posts. To bad people didn't listen to you then. You are right. $10 dollar coins are extremely cheap. Hope you held onto all of those.
Some listened.
I've sold a few to cover living expenses, but I have enough to not work again if the price continues its long term uptrend.
199.
Post 10570824 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.00h):
Damn, now I have to set one up...
OK, how about:
Jun 2015 BTC0.1793
Dec 2015 BTC0.1972
Jun 2016 BTC0.2170
Dec 2016 BTC0.2387
Jun 2017 BTC0.2625
Dec 2017 BTC0.2888
Jun 2018 BTC0.3177
Dec 2018 BTC0.3812
Jun 2019 BTC0.4574
Dec 2019 BTC0.5489
?
What are these numbers?
200.
Post 10646945 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.02h):
I have been buying constantly with every paycheck the last 10 months, and made a big buy two weeks ago.
And now, I just discovered: I'm almost break even!!!!
Nå begynner moroa
201.
Post 10666371 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.02h):
when is the auction over?
8 hours and 48 mins from now.
202.
Post 10668887 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.02h):
What time do auction details get released?
Maybe never.
203.
Post 10668907 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.02h):
I am familiar with this auction. But I am not sure if this event is already over already? And I can tell you that auctions are pretty tricky. After all you can buy something not so cheap when there are strong competition going. So bitcoins obtained that way could be not so cheap...
Last time it was a blind auction. We don't know the winning bid even today. Though I'm thinking Tim Draper probably regrets it a little.
Last time he only bought 2k. But the first time...
204.
Post 10674112 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.02h):
so Tim didnt dollar average his coins?
it is worse than I thought.
Hasn't sold his stash though - and did say it was 'the best deal anyone would get'
Is that
bad?
He also bought some more at $200 some weeks ago.
205.
Post 10681804 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
so i guess there will be no more auction
and price will steadily rises from here ?
Pretty sure we have one more auction left for ~44k BTC.
Is there any way to know which prices are they managing? Without them saying it of course
Is there some track on those btc?
I presume these wallets are splitted and sold as-is. That means we cannot know what their address(es) is/are if not a seller reveals it/them for us.
This is the 50k sold now:
https://blockchain.info/address/12pCPrWvudnefJCtXQUBcm9z2NogtC3RixThis is the 44k to be sold later:
https://blockchain.info/address/1CaGxqCQv2ofqLf37HCUQoLujzRMaz74LK
206.
Post 10713892 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
207.
Post 10714018 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
Did they split them first to another address last time or can we assume a single winning bidder?
EDIT: thinking about it, would be surprised if the winning bidder wasn't using a multisig address
They moved them several times before they paid the winners after the last auction.
208.
Post 10714630 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
Long term downtrend breakout on Kraken BTC/EUR 1m.
Had to look this up. It's true. QE in the Eurozone might be a driver for rising bitcoin prices.
Small exchanges do random things all the time. There is no significance if they break an uptrend or downtrend before any of the real exchanges. Not to say they all wont. But who cares about Kraken?
It's not a random thing. The price is lower than on Bitstamp.
209.
Post 10714657 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
ooh, $294 gonna fall tonight?
Certainly looks that way. Lots of nice bids piling up on BFX. Shorts closing though, so anything too spectacular is bound to collapse back down, at least temporarily.
Long term downtrend breakout on Kraken BTC/EUR 1m.
Had to look this up. It's true. QE in the Eurozone might be a driver for rising bitcoin prices.
Small exchanges do random things all the time. There is no significance if they break an uptrend or downtrend before any of the real exchanges. Not to say they all wont. But who cares about Kraken?
It's not a random thing. The price is lower than on Bitstamp.
It still doesn't matter what an exchange that small does. It wouldn't matter if someone dumped down to $10 on Kraken. They mean nothing.
It's the USD/Euro exchange rate that makes this happen now. Not that Kraken is a small exchange.
210.
Post 10714741 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
Oh, so you're saying it's because of the dollar. But what do you think that means in terms of bitcoin?
I'm saying it's happening on Kraken because of the weak euro. I don't think it says much about bitcoin. (But higher bitcoin prices in USD on the other exchanges is positive for bitcoin.)
211.
Post 10714801 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
Ah, sorry, I misunderstood.
No problem
212.
Post 10715856 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
The 47 moved into 27k and 20k.
https://blockchain.info/address/1DNM1TgbL8yYTsDzADw9W17Es2BEezMBpiNow we have 27k, 20k and 3k.
Looks like 20k and 3k are winners since they received 0.05 first.
213.
Post 10715950 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.03h):
Unless an individual is splitting them for some reason
The winners of the last auction also received 0.05 as a "test transfer" before they got the whole amount.
https://blockchain.info/tx/3ecfb236f63750f188a8a738bd3f9027aa9d4b9f0b3292f69a91bcee6e843b1a
214.
Post 10752629 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.04h):
Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.
I think it's predicated mostly on the belief that the majority of people (miners in this case) will act rationally. I would say that most miners consider the 21M coin cap to be a defining characteristic of Bitcoin, and probably the most important characteristic that gives the coin value. If you accept that premise, then it is logical to assume that miners will not act irrationally by destroying the value that is their whole incentive for mining in the first place.
Good point, well made.
But raising the cap would be an indirect consequence of adjusting the halving frequency, so by increasing the cap, you would be extending the [higher] reward period for miners
Since we havent reached the point where tx fees outweigh coin reward, do you think that might become an incentive for miners to increase the cap? (bear in mind that it would be a slow process, with no immediate dump of coins on the market.)
The miners can try to increase the cap all they want. The regular users will not use their new-cap-software.
215.
Post 10821769 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.05h):
I believe people should listen to this old wisdom from our friend.
if you sell now, you sell for good.
the warning above is still valid.
216.
Post 10895618 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.07h):
Highest bid on BIT is now 400 USD for a coin. And nobody is selling yet...
This does sound like good news, but there's a problem...
As the Twitter message mentions, people that have held their 'shares' for 12 months or more can now sell.
I cannot find how many BTC Grayscale holds, but it can never be a lot.
This makes for a problem, as the volume can never be higher than the amount of shares/BTC that has been held for more than 12 months.
This volume is probably not even 1% of the daily traded volume on current exchanges, which means at the moment this is still useless to institutional investors.
But would the next buyer have to hold as long?
No, but if you buy new shares directly from the BIT you need to hold for 12 months before selling on the OTC market.
217.
Post 10895679 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.07h):
But would the next buyer have to hold as long?
I don't think so. Part of the condition of approving the fund was freezing those shares for 12 months. I'll bet a fair few paid a whole lot more than the current price so there's no particular reason to sell.
Bingo. I'm guessing most bought in between $700 - $500. Even buyers at $400 will want a significant profit.
But if you are a long time holder, you should sell at a premium on the OTC market and buy new shares directly from the BIT.
218.
Post 10896872 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.07h):
My reading still is that SecondMarket and other "Authorized Participants" have to buy bitcoins themselves in order to get shares from Greyscale. Isn t that so?
Only BIT buys and sells bitcoin. GBTC can only create shares when owners of BIT redeem their shares of BIT. You can't deposit bitcoin with GBTC.
Is it true the first shareholders cannot sell their shares for twelve months and after that the shares can be freely traded?
What percentage of shares (representing bitcoins) can be sold now?
As I understand it, only shares of BIT that have been owned for 12 months can be transferred/deposited/redeemed/converted to shares of GBTC. Once they are GBTC, they can be freely traded on the open market without restriction.
Is there any estimate of how many that can be freely traded on the open market without restriction today? It's going to be a damp squib if hardly any can be traded until another year elapses.
~92,300 coins were in the BIT a year ago.
https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073
219.
Post 11184638 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.12h):
Largest spike in BDD since March 2014, nice... should provide bear ammo for the next month.
Only 101 coins moved
https://blockchain.info/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff
220.
Post 11216792 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.13h):
Like someone has insider info about institutional demand of GBTC and bought up all the cheap coins for themselves.
Isn't it a walled garden though? Virtually nothing can get in and out. It'll be fun to look at but won't have much relevance for any other market.
Accredited investors can buy new shares in the fund. New shares must be backed by real coins.
221.
Post 11281723 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.13h):
As for dinners, my dinner friends won't let me talk about bitcoin for more than 30 seconds each night. And they are as surprised as you are that I be wasting so much time with this [ expletive deleted by self-censorship subroutine ].
I see. Your dinner friends understand Bitcoin. You should try to learn from them.
222.
Post 11284892 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
plus anyone could explain the hell is "Each GBTC share represents ownership of approximately 0.1 bitcoin" supposed to mean? is one share 1/10th of an <imaginary> bitcoin or not?
0.1 BTC - fees
223.
Post 11296889 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
I have a question about GBTC: If you buy a share, can you convert it to real bitcoin? (Maybe it sounds stupid, but I think it's important and not obvious because of this trend with "advanced trading assets" and other shit talk)
EDIT: And I support "The List" 100%!
That's what I believe too. That if you actually buy a share you actually buy the equivalent BTC amount. I don't have an account there, but I believe there should be an option to get your BTCs out if you'd like...
1 share doesn't continually represent .1 BTC, as
there are fees. You can redeem in baskets of 100 shares (though I saw in one place that the "Authorized Participant" is not accepted redemption requests right now).
Do we know what these fee's are?
2% a year. Starting at September 24, 2013.
224.
Post 11301156 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
Anyone else watching the GBTC trading ?
Looks like the volume so far today is 435 shares, over half of yesterday's volume already and it's only just opened for the day.
As far as I know some can be posted overnight and then actioned first thing in the morning so this could be it.
Can anyone else confirm this ?
That is yesterdays number. I believe the market opens in 1.5 hour.
225.
Post 11341810 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
Don't cry, fellow bulls. Just 8 days to Nasdaq Sweden start trading bitcoin-paper (backed by real BTC).
This time, with unlimited volume on both bids and asks. (The GBTC has less than 150.000 bitcoins in matured shares.)
I don't think its backed by real BTC. When you buy oil shares, you don't back up your shares with buying more actual oil.
Yes it is. From Coindesk: "XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market."
I believe people underestimate the potential of Bitcoin Tracker One since it's trading on Nasdaq Stockholm, but the bears should be scared...
226.
Post 11341829 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
Anybody know how that process works? If somebody buys 100 shares will a xbt bot buy 100 shares off a exchange in real time? Or is it a deal where if more and more shares get bought then will buy in like 1000 coin baskets off a exchange whenever they want?
If Bitcoin Tracker One trade above the real bitcoin price, XBT Provider AB (Swedish company) will buy bitcoins and sell new notes on the exchange.
227.
Post 11342021 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
The market cap of all shares on Nasdaq Stockholm was 6,045 billion SEK (733 billion USD) at the end of april. 19,537 million SEK (2,370 million USD) was traded daily.
Source:
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=658483&lang=enDon't underestimate the potential of
Bitcoin Tracker One.
Time: T minus 7 days and 7 hours.
228.
Post 11342157 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.14h):
Even as a permabull I'm kinda doubting the Stockholm launch. I don't know why, but I am. It's great for the validity of bitcoin, and it helps move bitcoin out of the fringe anarchic nerd circle, but for some reason I'm not expecting much volume from KNCs Bitcoin Tracker.
Doesn't the whole concept of an ETN depend the issuers credit rating and credibility? If I was looking to invest I wouldn't be hugely impressed by KNCminer as a company. There's no shortage of beefs from their customers.
The notes are issued by XBT Provider AB, a new company. It shouldn't be hard to prove that they are not running with fractional reserve.
229.
Post 11408627 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.15h):
That's the volume in SEK, not shares.
230.
Post 11408708 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.15h):
That's the volume in SEK, not shares.
Sure, if you want to put it that way. But people buy notes at different prices so it's not the most illuminating way of keeping track of volume.
I know. Don't blame me.
231.
Post 11537753 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.16h):
Someone finally decided to ignore those fake volume exchanges.
OKCoin is delisted because it hasn't been updated for 7 days. It will probably be back soon.
http://bitcoincharts.com/markets/okcoinCNY.html
232.
Post 11541200 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.16h):
Good stuff mate, I have high hopes for Gemini & then eventually the COIN ETF.
The twins are no mugs, they're one of the biggest HODLER's in the game, they could have easily sold out at or near the ATH & made an obscene amount of money but they didn't.
I trust their judgement over wums & trolls on here calling doom.
I hope to hear some progress on gemini very soon.
You'll get some information next Thursday.
https://generalassemb.ly/watch/winklevoss-gemini-livestream-registration
233.
Post 11596322 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.17h):
I think this is my new favourite chart
https://azopstability.com/
234.
Post 11625239 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.17h):
Luke-Jr must be happy
is there a story behind this? Eligius is for the block limit increase and isn't including TX's to press the issue?
This happens often when a new block is found right after the last one. The pools push an empty block header to the miners to work on before they fill the block with transactions and send the updated header to the miners.
235.
Post 11748563 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.19h):
236.
Post 11748757 (copy this link) (by Kupsi) (scraped on 2020-04-04_Sat_14.19h):
Interesting. I haven't logged into my account there for a while. Logged in and had quite a few coins there.
Was going to sell for a higher price and transfer to my other account but noticed I never set up a withdrawal for EUR.
With that wide of a spread I figure it's safer to take those coins off and put them in cold storage.
Yeah, that doesn't look good.
