All posts made by samson in Bitcointalk.org's Wall Observer thread
1.
Post 1869838 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
There's still a million dollar wall at $70. What are the chances that someone will get us past that?
I'd say 100% when it's pulled.
2.
Post 1869990 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
There's still a million dollar wall at $70. What are the chances that someone will get us past that?
I'd say 100% when it's pulled.
This. The big walls are time and time again just illusions. We approach them and they disappear. How often do they actually get eaten through? I don't have faith right now that the support moving up is
real support. Price crashes 81% in less than a week and we are stabilized / on an uptrend like a day later?
I'm calling bullshit on the support, if it falls to the wall after any further significant rise, it's going down to the next level which would be the $50 support.
At that point I have to wonder if there will be enough downward momentum to break through it.
3.
Post 1869994 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.
True
4.
Post 1870028 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
doesn't anyone else see the similarities?
Yes
5.
Post 1870101 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
doesn't anyone else see the similarities?
The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.
There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.
Why would they buy now, if they can get cheaper later?
Initiaiting a several large scale mass dumps can be a good way to purchase new additional coins for much less than you sell them for, especially once it picks up pace and others also join in the dumping frenzy sending the price down further.
Then pull a couple of bid walls and the price is in freefall.
6.
Post 1870217 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
I call bullshit on the 10k-15k-20k-25k bitcoions that would have to be sold at $80 and $70 and $60 and $50 to get there. The panic sellers have left the building. If you're not interested in selling your 5k bitcoins at $90-$95, you'll have even less interest on selling them on the way down. There's really one guy with 50k bitcoins who is just going to exit the market and drive it down to $50? Last 12 hours we have highs of 98, lows of 83. If you really were itching to sell, you'd be out now. Any drops now is just a chance to buy back in. Everyone who thinks we're going to $20-$30-$40-$50, they've sold their coins. Those people aren't holding right now at $95.
So we wait and see.
7.
Post 1887383 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
Haven't heard much lately about the MtGox verification queue. Anyone know how backed up they are currently?
When I queued up last Friday I was at position 20000, now I'm at 9800, so it is moving.
Why are you verifying ? To make a withdrawal or pay money in ?
I have a feeling most of these verifications are for withdrawals.
8.
Post 1887452 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
I have a feeling most of these verifications are for withdrawals.
Why?
I suspect a lot of people have made profit over the last month and will be wanting to withdraw some of it.
I know I'll be making a withdrawal at some point in the next couple of months. I'll be using a Euro exchange to do it though.
9.
Post 1888244 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.53h):
Nice little 16k bid wall at 95.
There's an even bigger one at $70
10.
Post 1915801 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
wondering.. is it the same?
The first box shows an uptrend, the second one shows stagnation.
11.
Post 1915909 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
Me thinks this prolonged stagnation is a bit odd. Is price discovery working? 120ish the new market?
It's not really stagnation. It's just the weekend lull.
It's Tuesday morning where I am, hardly the weekend. Also weekend lull is myth.
12.
Post 1930689 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
I too wouldn't touch paypal but the influx of people using BTC would be huge...
Paypal makes gox look good. But they have deeeeeep pockets.
PayPal and Bitcoin removes the need for Mastercard and VISA
13.
Post 1950098 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
Wall on 130$ looks so pathetic it will be eaten in 1 second.
Are you a prophet..? wall 130 down
Hardly, I'm looking forward to seeing the wall at $120/$121 fall.
14.
Post 1950808 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
4h EMA as seen on ClarkMoody is about to cross. That's bearish, right?
The last time it did this was April 11th, during the early stages of the crash to $50
15.
Post 1979420 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
SOON
Please speculate, what's soon ?
16.
Post 1983115 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
Bank holiday == no bank wires right?
Yep...although I just realized that it's 2:00pm Tuesday in Japan right now, which is not a bank holiday.
The coming week is full of holidays.
Monday : Japan
Wednesday : Most of the western world, especially lots of countries in Europe.
Friday : Japan, again !
Monday 6th May - UK holiday
17.
Post 1986097 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
whoever sold....LAWL! SO FAIL! HAHAHA!
I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale.
What's to laugh about ?
I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me.
18.
Post 1987607 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.54h):
Hahaha bids are pulling off 135$ wall so pathetic we are going down now
I think so
19.
Post 2004974 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
We just went from $50 to $165. "there is no way" is famous last words predicting the Bitcoin market.
That jump to $165 worked out real well didn't it ?
Now we retrace.
20.
Post 2005086 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
I consider that $95-$99 range is irresistible. But afterwards we are going higher. Long term, about 15% weekly increase is sustainable and it will carry us to $10,000+ coin before christmas.
I agree it will dip to $95-99, however once it gets there I see no reason for it not to go lower to either $80 or $70 in the short term.
$10,000 by Christmas is concentrated insanity.
By short term I mean before Tuesday.
21.
Post 2005717 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.
That's the way, bury your head in the sand and hope for the best !
22.
Post 2007730 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
I find it funny that merely 3 hours ago many folks were predicting the end of BTC, and that it would be at $60 by the end of the day
The old-hands around here must find the hair-trigger-panic pretty amusing as well.
The day is far from over yet !
23.
Post 2008046 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
It's nice to see that the wall at 104 is not having much success at pushing the price down. Wonder how long until he tires and dumps again to get the action started. Wish someone had the cash to eat his wall. If the walls were to be devoured a few times, it might make them think twice, and would go a long way toward stabilizing things.
Plenty of people have the cash. The price isn't low enough.
24.
Post 2014948 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
Wow i feel so lonely in here!
You are not alone.
I was thinking whatever placing an ask at 10$ or not. Is a btc worth 10$? With all this shitstorm?
LOL.
That battle is spilling so much blood (fiat), removed my bids at 70, there will be many unfathomable bottoms ahead..
Therre will be many bounces as well and I suspect there will be one off $72
25.
Post 2014972 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
You need to change the refresh times on a DNS entry days in advance of changing a domains IP address - then the change will propogate very quickly as the cache times will be low.
Most ISP's are clueless when it comes to this.
26.
Post 2014982 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
There is certainly a change happening though.
As I see it, the manipulators are now cocksure that they can raise walls at $100-$120 range,
thinking that they'll hold.
Which I don't think they [the walls] do What is in cards now is a violent rally to $135 "support" (now: resistance) and then retracement to $115-$120 range.
Bitcoin is a fractal, and it is marvellous.
Some of my bigger clients' buy time today...
My buy orders are now set at $75 and $52
27.
Post 2015073 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.55h):
To buy or to wait, just woke up?
Wait, it's a long drop and a long weekend.
28.
Post 2024929 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
Did you just hijack someome's wedding ?
Who took the photo, the chauffeur ?
29.
Post 2025055 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
hes just a driver of some rich guy or just pay some $ to take this photo. hes a scammer.
This car is owned by this hotel Haikon Kartano and this spot in front of the hotel is not an uncommon place to find this car spend its days parked at.
Ah yes, I see now :
30.
Post 2025330 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
I think we got a rocket on fire.
Yea but why? I still can't find a reason to buy...
I guess i will wait a few days, whatever happens...
I agree that this could be a mini pump before a dump. Anyhow I think with BTC there is a strategy that cannot be wrong: buy more when its cheaper, less when its more expensive... But always buy some BTC with your spare cash
This ^
Pump before dump. I guess nobody's going for it as bids are still pretty low down to $100.
If a lot of people thought the price was going to rise much above $100 for any real amount of time those $100+ bids would be filled with orders for 1000's of BTC on each $
31.
Post 2029625 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
I can't imagine anything better than the debit card system. If I can't imagine it, then not one else can either, so it most certainly cannot ever happen.
Who cares? Buffet doesn't invest in things he cannot understand.
Buffet could have a high class of supernode.
32.
Post 2031078 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
FWIW $80 was the low for a long-time, maybe forever.
$115 is Fair Value for Bitcoin NOW.
sqrt (Peak $266 / Low $50) = 2.31
sqrt (Retrace peak $166.4 / Retrace low $79) = 1.45
$266 / 2.31 = $115.2
$166 / 1.45 = $114.5
$79 * 1.45 = $114.5
$50 * 2.31 = $115.2
Expect Bitcoin fx rate to oscillate with a median value of $115 for some time, at least until next major news-fed feeding frenzy!
Are you 'all in' then ?
33.
Post 2031806 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?
News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.
34.
Post 2031876 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?
News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.
Chinese can trade BTC now. What's stopping other exchanges from outperforming BTCCHINA? I don't see why limit should stay at 10 BTC with many wealthy Chinese wanting in on the action.
It will change but I suspect it's going to take weeks or months.
Speculative trading on the Chinese news is happening now which in my opinion is way too early.
35.
Post 2045854 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.56h):
I understand most charts, but this one is completely beyond me?
Could anyone kindly explain, would be appreciated! Looks interesting lol
It's just multiple walls across a time range.
36.
Post 2060691 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
I was thinking about the guy that did the market buy from 78 to 91 a few days ago. That was what, 50kBTC? Will he do a market sell today?
:|
Lets hope so. I'd like to see him miss the boat for inflating the market so much when it clearly wasn't ready for it.
37.
Post 2073156 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
History repeating itself?
We live in hope.
38.
Post 2074090 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
this price is a bad joke.. we will see us at 10$ again ^^
I think I agree it's completely overpriced which is why nobody's buying.
The price is massively inflated on pure speculation alone. It will come down, I think it's a just a matter of waiting.
39.
Post 2074340 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
Can someone explain that to me?
It's multiple graphical representations of the orderbook doing pretty much nothing over a period of an hour.
It looks like something's broken due to so little change but it's not - it's just that nothing much is happening.
40.
Post 2074411 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
Will we stick at 112-113 the rest of the day
I doubt it, I expect mass dumping later today.
41.
Post 2074512 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
Here we go
LOL, you'll know when we get going because there will be a big red line stretching down the right side of the chart on your screen.
42.
Post 2088582 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
Stable price with almost no volume is nothing to celebrate.
LOL, I disagree with you on that one and eagerly await the outcome.
43.
Post 2090251 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
Zzzzzzz. This market sucks, I'm out!
Me too, I've placed an order but it's at a much lower price than this one
44.
Post 2090980 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
It's interesting that news isn't affecting the price much anymore. I mean just today,
http://www.gyft.com is pretty huge news. I can go to almost every retail store I normally shop at in the U.S, and pay with bitcoins through them.
Fundamentals are improving as fast as ever, regardless of what the price is doing. Now we just need some of these new exchanges to be successful.
Not affecting it immediately and clearly perhaps but you can be sure it does affect it.
As dull as it is, we need a period of nothing, calm, stability, no panics.
If we manage that for a week or so we can skip the whole slow demise we saw in 2011.
If we stay at the current price for a week don't we break the trendlines ?
45.
Post 2091025 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
If we stay at the current price for a week don't we break the trendlines ?
We'll just draw new ones. On log charts, of course.
Ok cool, I was getting worried there for a minute !
46.
Post 2091823 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year
People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago.
Are they really worth $113 or more right now ?
Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days.
47.
Post 2091949 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year
People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago.
Are they really worth $113 or more right now ?
Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days.
There's +170k BTC on the selling book. If sellers believed they were worth less than $113, they would be selling.
This is also true, a lot of people believe they're worth more.
However it's a buyers market and nobody's buying much above $112 at the moment.
48.
Post 2093088 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.57h):
Unless Mt. Gox restores full pump n' dump privileges to the bots, expect sub $40, possibly even sub $20, within a week.
That seems extreme.
Ok, sub $60, or possibly even sub $50.
A further test of the 'double bottom' at around $50 would be great right now.
I'm slightly biased as I have a large order in the $50's at the moment.
49.
Post 2120173 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
Nothing's happening!
Booooooring!
Is it time to go down?
I came across this one :
50.
Post 2121003 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way.
Obviously to take advantage of this you would need to sell some of your BTC and wait.
51.
Post 2121181 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way.
Obviously to take advantage of this you would need to sell some of your BTC and wait.
if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark!
Not me, I sold all my BTC at $162 and I'm still waiting for a nice entry point. I haven't found it yet.
52.
Post 2126293 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
It can last weeks.
That's not very long in the grand scheme of things.
I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.
And what happens if we do tank?
The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.
It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.
53.
Post 2136108 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
So where does my huge stash of 3.2BTC fit into this equation? Do I get invited to the next conference or do I need to make a couple more first?
LOL, you can apply to have the job of guarding the laptops at the next one.
54.
Post 2136373 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
best wishes reptilia, but seriously, I don't know what to think about you... you are quite the enigma and I'd rather not be a part of your melodrama.
Despite the fact that about $100k is scammed from me annually, plus I lost 1,100,000m
BTC two weeks back and possibly more last week, the following statement is true:
"I have never possessed the private key to any less than 2,400,000mBTC nor any more than 35,000,000mBTC, at any time since the beginning of 2012."I guess that puts me on the map. I think I was among the wealthiest people in the summit.
You should really do something about your security situation if you're being scammed out of that much on a regular basis.
You should pay someone to physically recover these assets if you know who stole them. This is easily arranged for a percentage of anything recovered.
55.
Post 2142237 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
56.
Post 2142928 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
A single person is propping up LTC, so it's not like it would take some kind of elaborate scheme.
My theory is similar but the motive behind it is just plain old greed by a 'whale'.
I suspect someone is propping up the price by placing the massive bid walls with his fiat while at the same time selling his remaining BTC at the artificially propped up price. When someone buys BTC at this level a seemingly never ending supply of BTC is put straight back into the asks at very similar if not identical prices.
I'd be surprised if this is related to the conference in any way.
When this whale has sold enough of his coins the bids will disappear and he will dump the remainder creating a free fall so he can buy back cheaper and repeat the whole process.
For example, take the last 5 days. The bid and ask walls are still there and look about the same size to me. Yet somehow within the confines of these walls nearly 150,000 BTC have changed hands. During that time the price hasn't changed that much. Nearly all of these BTC that have changed hands were not part of the solid 'walls' so they are being traded within the confines of the 'trap'.
Just a theory of mine.
57.
Post 2143406 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
Come on bulls, lets tear down this motherf´n 120 Wall. Only 4K and then sky is the limit.
Cant be that hard.
I suspect it's going to take a lot more than 4K to get there.
Todays volume is currently 15,110 if we get to $120 it would be interesting to see what the volume is at that point.
The big wall is on $125
58.
Post 2154597 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
Coinage Act of 1965, Section 102 states: “All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues.”
Only United States currencies (including Federal Reserve Notes) are currently legal tender in the US. Keyword being LEGAL tender. Thanks for that BTW.
Try and pay for your lunch with a $100 bill and see what happens.
59.
Post 2154646 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
Coinage Act of 1965, Section 102 states: “All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues.”
Only United States currencies (including Federal Reserve Notes) are currently legal tender in the US. Keyword being LEGAL tender. Thanks for that BTW.
Try and pay for your lunch with a $100 bill and see what happens.
Um...they'll give me some food and hand me back the change.
What am I missing?
You're missing all the signs that say no bills higher than $20 will be accepted.
60.
Post 2155682 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
Anyway, a bit of perspective...
Wasn't really even a blip, was it? Much less deep, although admittedly much less decisive than the blockchain fork even in March.
This plateau we've been experiencing actually reminds me a lot of that time, just on a slightly longer timescale.
The price could admittedly do anything, but as time goes on, a continuing crash does appear to be increasingly unlikely. Even if volume is weak and we hold at around $110 - $115 for another couple of weeks, any downtrend will be pretty much broken.
It could be moving further under the long term trendline by staying still.
If it stays at this price for too long that trendline will be invalidated.
61.
Post 2156040 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.58h):
So let me say this one last time for the cheap seats: In my speculation, the value of Bitcoin is coming WAAAAAAYYYY down. This is just the beginning. You don't have to agree or like my view but don't call me disingenuous when I have been clear about my bearish stance.
I'd like to buy plenty of sub $50 coins too. I might be waiting a long time but I'm a patient kind of guy.
If there's a bull run before that then all the better, I'll jump aboard, ride the wave then dump it all when I think it's too oversold.
62.
Post 2160132 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
With all this bad news and lag surrounding MtGox, why haven't people been leaving? Is it fear of lower liquidity? Chicken-or-egg problem? Catch-22? (all the same thing I believe)
It may be the fact that people have a lot of faith in Bitcoin. And since Mt.Gox can't pay out $'s at the moment they are just holding on to their
BTC instead.
MtGox can pay out US$'s at the moment via wire transfers.
This is the normal way of making large international payments.
63.
Post 2160181 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Anyone else predict that the price is going to jump once Mt.Gox gets back on its feet?
Jump yes, like jumping off the edge of a cliff.
64.
Post 2160298 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.
I read somewhere else on this forum that Bitpay are probably in the same situation as MtGox with regards to this license.
Risky business, I'd hate to have my funds seized before they made it to a vendor !
65.
Post 2161334 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Any official statement from MtGox for this down time?
It's a DDOS, someone said it on IRC. Prolexic are handling it but not very well !
66.
Post 2162196 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
I made a btc withdrawal from gox but it never posted to the network. Anyone else have any luck with withdrawals?
Panic ?
On IRC they are saying they are showing up but it takes a little time.
67.
Post 2168394 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
LOL, the thing is with Satoshi Dice once you know the Bitcoin deposit addresses the actual website is irrelevant. It only exists to advertise the deposit addresses.
Anyone anywhere in the world can still send Bitcoin to Satoshi Dice regardless of whether the systems website is blocked to their ISP.
Or am I missing something here ?
68.
Post 2168844 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Bitcoin is not poker. Poker does not require mass adoption. Bitcoin is a currency commodity and thus requires mass adoption to be successful and actually become a real currency. This is going to be the easiest takedown in the history of the USG. Once Bitcoin is carved in the minds of Americans as illegal, risky, funding of terrorism, etc...the brand is dead. The same business' that may currently be considering adoption will flee forever. And don't let a real terror organization get linked to Bitcoin. It will be unpatriotic to support Bitcoin, in the minds of Americans.
You overvalue the opinions of Americans. Bitcoin will continue with or without them.
Most terrorism is funded in USD as it's the world standard right now.
69.
Post 2170902 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Silence from Gox re DHS, low volume and repeated bounces off what is probably an invisible mega wall at $114...
And then there's this :
http://www.reddit.com/r/Bitcoin/comments/1eg51m/bitpay_raises_2_million_led_by_founders_fund/Three Paypal founders investing in BitPay !
70.
Post 2171711 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Founder's Fund is huge for Bitpay
I think it's the biggest positive news in the Bitcoin industry I've heard all year.
Also Who knows what else is going to emerge out of the conference in the coming days ?
71.
Post 2179488 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
That was quite a buy !
72.
Post 2179578 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
call quick reptelia guy he have unlimited money, and he can sky rocker the price.
They put him on lockdown for a few days.
73.
Post 2179873 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
130.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
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I'm a little confused by the above chart. I can clearly see sell orders for 3377 BTC between $118.00 and $118.99999 on Clark Moody but nothing shows up on your chart in that area.
What does it represent ?
74.
Post 2179912 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Feels like someone buying all he can get "cheap", then letting the price settle again for a while.
Would make sense, if you have enough reserves to produce a "real" uptrend afterwards
Yes, buying a few thousand 'cheap' right off the orderbook will leave a void that can be filled with other asks. Then he can buy cheap again within the same price range.
It's risky as someone else could jump in with a big buy and raise the price by several $ but maybe this same guy owns a sizeable chunk of the walls around $119-$120 to keep the price down while he's buying.
It's hard to second guess these strategies but I have no doubt someone's proceeding with their plan here.
75.
Post 2180137 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
looks like people are panic buying back in now the price is on the way up...
I don't see any panic. People have been buying in steadily since the price was about $115.
I suspect the panic buying will really start after we break $120/$121+
I just wonder if it will have enough momentum to push through $125. If it does then we're going to be in for a wild ride, again.
76.
Post 2180410 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?
Buying Bitcoin is converting fiat into BTC.
I see what you're trying to do here, you're talking about some kind of mass exodus from MtGox because people can't withdraw USD from MtGox.
You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.
If you can't afford to to a wire transfer it's because you're trading tiny amounts of USD - this won't affect the price at all in any way whatsoever.
The rally trades have been $10k-$100k - these people don't fund their accounts with Dwolla.
The standard way to move large amounts of money around the world has always been bank wires (SWIFT payments) - Dwolla allows people to send smaller amounts of money for less fees.
So to sum it up : Dwolla is irrelevant in the grand scheme of things.
It's useful (was useful) to people who want to purchase small amounts of BTC ($5k or less) with very low transaction fees.
77.
Post 2180578 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Yes, you have to get 'verified' which for most people won't be an issue.
It's just a matter of sending a copy of your ID and a utility bill and waiting for them to approve it.
78.
Post 2180616 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
you still have a $1,000 daily limit with that, you need some notoarized crap to raise it
Not quite - you just have to email them to increase it :
The "verified" status is designed for active traders and/or small companies.
After you have been verified, if you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please contact
support@mtgox.com with the below.
79.
Post 2180632 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
US$50k+ means a 32 day wait for all your money if you are verified
Considering the limits on Dwolla were $5k I don't think this is going to be an issue for most Dwolla users.
This is why it's not going to affect the price much as the big buyers are already using wire transfers.
80.
Post 2180695 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Not quite - you just have to email them to increase it :
I think you are talking about “Trusted” Status (Level 2).
https://support.mtgox.com/entries/20919111-AML-Account-StatusesSays "All document required for "trusted” accounts must be notarized with apostille and sent by priority mail to the address at the bottom of this page."
No - here's the exact text from the website - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :
2. "Verified" Status (Level 1)
Please be advised that if you wish to use SEPA and Wire transfer to transfer your funds, you will have to become a verified member.
Being “verified” has the following limits:
Traditional Currencies
Daily withdrawal limit (24hrs): 10,000 USD (or equivalent)
Monthly withdrawal limit: 50,000 USD (or equivalent)
Bitcoin
Daily Bitcoin withdrawal limit (24hrs): 1,000 BTC
Monthly Bitcoin withdrawal limit: none
Requirements:
A valid copy of a government issued photo ID and proof of residence (less than 3 months old) - E.g. A utility or phone bill.If your documents are not in Japanese, English, or do not have Latin script, they need to be translated and then notarized before uploading.
The "verified" status is designed for active traders and/or small companies.
After you have been verified, if you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please contact
support@mtgox.com with the below.
Wallet (BTC/USD/ETC):
New Daily Limit:
Wallet (USD/EUR/ETC):
New Monthly Limit:
81.
Post 2180771 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
No - here's the exact text from the website - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :
Awesome, I'm glad you pointed that out to me, I wont bother with that then!
Although I think it's interesting that the 10 fold increase matches level 2 status.
This same thing comes up every day in the MtGox support channel on IRC - they should really make it clearer as a lot of people get verified and then don't appear to realise they can just increase the limits by sending an email in.
82.
Post 2182595 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
It seems like Bitstamp clearly doesn't give a shit right about now...
It looks like the gap between mtgox and bitstamp will widen increasingly until in a few days or weeks when/if mtgox pulls through and isn't shut down, and the dwolla-reaction BTC rushes back in, bitcoin blasts off whilst mtgox suffers a major correction. Damn I wish I had a USD bank account for the arbitrage
LOL. WTF ? Were you seriously expecting MtGox to be shut down ?
They are not in the US, US law doesn't apply in Japan. Get real.
83.
Post 2183038 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Ah the delusions.
Much easier time dropping to 116 than there is of breaking through 120. Or maybe....we're still in "rally warm-up". LOL!
Feels good man
lol
84.
Post 2183064 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
I wonder what Tyler and Cameron said at the conference about 3 hours ago.
Isn't there anywhere to find out what happened at the conference ?
Video clips, etc ?
85.
Post 2183572 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
im really sorry for this guy/guys who pumped cash into nearly 10k btc and they lose 5$ on each bought btc in couple of minutes
I have a sneaking suspicion that it was more of a medium to long term investment than a day trade
86.
Post 2183586 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
$1M usd disappeared today from the order book.
We may see cheap coins soon
mmm didnt it occur to you that the usual weekend dip was not really a dip and it held well?
i predict 130 this week
well... 125.4 today... I wasn't THAT off!!! who knows.. maybe by Sunday we can still hit $130
I doubt it due to the weekend dips but who knows...
We could see $130 today.
87.
Post 2183654 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
This morning, Bart Chilton of the Commodity Futures Trading Commision said, about Bitcoin, quote:
"They don't exist. And I didn't want to regulate them. I didn't want to put the government's stamp of approval on Bitcoin."
Source:
http://video.cnbc.com/gallery/?play=1&video=3000169018Excellent.
First they ignore you.....
88.
Post 2184074 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term.
I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold.
89.
Post 2185693 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Support bid wall at $120 has been removed in the face of this possible trend reversal.
I noticed that - it's not looking so great right now
90.
Post 2189360 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
This "Get-out-of-Gox" yankee-rally won't last long
I don't see the volume for that
From what I understand the Dwolla users transfer a few hundred dollars at a time so there's no surprise there.
91.
Post 2189854 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
This "Get-out-of-Gox"
yankee-rally won't last long
[emphasis added by Pzi4nk]
Is this a baseball thing?
It's more of an idiot thing.
A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.
They think it's causing a 'bank run' on MtGox - it's hilarious.
Dwolla = Dust transactions.
92.
Post 2190367 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
This "Get-out-of-Gox"
yankee-rally won't last long
[emphasis added by Pzi4nk]
Is this a baseball thing?
It's more of an idiot thing.
A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.
They think it's causing a 'bank run' on MtGox - it's hilarious.
Dwolla = Dust transactions.
Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.
However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,
hmmm, ok I didn't understand dwolla completely, but there are some massive ask walls getting in the way on bitstamp at this time... they are relatively new. I for one will cash out via bitstamp if/when I need to purely for convenience... I guess maybe that's what the other guys are thinking
I'm getting the impression that some people are 'running for their lives' to save their money before everything is closed down all based on rumour and innuendo which has been spread around by people like d5000 and jaroslaw.
These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.
93.
Post 2191182 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
This "Get-out-of-Gox"
yankee-rally won't last long
[emphasis added by Pzi4nk]
Is this a baseball thing?
It's more of an idiot thing.
A few vocal people who trade with 'pocket change' amounts of money can't make a withdrawal for 25 cents any more and this is creating a big problem for them.
They think it's causing a 'bank run' on MtGox - it's hilarious.
Dwolla = Dust transactions.
Indeed. The theory is that dwolla users (which is USA customers only) are converting their fiat on gox into btc in order to shift it elsewhere, hence artificially driving up the price, towing bitstamp and other markets upward.
However, major dollar buyers would use wire transfers and remain unaffected, so probably the theory is lame, and BTC was headed up anyway,
hmmm, ok I didn't understand dwolla completely, but there are some massive ask walls getting in the way on bitstamp at this time... they are relatively new. I for one will cash out via bitstamp if/when I need to purely for convenience... I guess maybe that's what the other guys are thinking
I'm getting the impression that some people are 'running for their lives' to save their money before everything is closed down all based on rumour and innuendo which has been spread around by people like d5000 and jaroslaw.
These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.
I'm not saying you're wrong Samson but do you have a better explanation for the unprecedented* difference in price between mtgox and the minor exchanges? For jaroslaw and co it's just another excuse to cry wolf but that doesn't mean it's necessarily entirely without substance.
* sustained difference since I was an algorithm using more than one exchange to determine price.
There is no explaination that I can think of. Some people will have moved their BTC out of fear which has been hyped on these forums.
I think it's unfounded fear based on the closure of a small payment gateway. Dwolla is small when compared with international wires.
The price only rose on MtGox due to a couple of very large buys eating into the big walls that had been sitting there for days.
I don't watch Bitfinex but I just took a look and the price difference is quite big.
94.
Post 2199204 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Yes, this is quite big news. Lucif was talking about it early last week if I remember correctly.
95.
Post 2199489 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
That covers the basics.
They offer debit cards too. These can be funded in USD/EUR which you can get by selling your Bitcoin on their exchange.
https://bitcointalk.org/index.php?topic=207072.msg2173417#msg2173417
96.
Post 2199964 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
You can't trade BTC there with a basic account. You need a verified account.
Any idea what it takes to become verified ?
97.
Post 2202799 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Google trends shows the real interest in Bitcoin.
It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.
Here's why :
98.
Post 2203013 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Google trends shows the real interest in Bitcoin.
It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.
Here's why :
it was also mentioned.. that google trends folows the price .. not the other way around
I agree entirely which kind of proves my point.
After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.
If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.
That's because the recent price rises are purely speculative and will run out of steam.
99.
Post 2203092 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
That's because the recent price rises are purely speculative and will run out of steam.
Gee, so sure of yourself.
At least use "it might".
It's a speculation post in the speculation forum so 'it might' is kind of implied in all posts as nobody can tell what is going to happen before it's happened.
If a new rally starts on Tuesday I'll jump aboard as well but I still think it's going down much lower in the long run.
100.
Post 2205015 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Mmm... I'm a bit worried about the possibility of a violent price drop which appears to be around the corner.
Mtgox' price is 10% inflated, presumably due to high demand of bitcoins for quicker withdraws. So I went and check the other markets, and saw this at bitstamp:
This is not looking very good. I'm not planing to sell the bulk of my bitcoins anytime soon nor am much into trading. Doesn't this feel like th calm before the storm? Is it only me?
It does feel like the calm before the storm.
These people will only wait so long before some of them start dumping, then who knows what follows.
101.
Post 2205100 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
I don't know where the price is going in the short term but by year's end we will be higher than we are now.
Conference opened my eyes as to how much is actually going on around Bitcoin. Hearing Yifu speak today made me ultra bullish. ASIC mining ramp up is not far off.
I think most of us here have the intention to sell only if we believe we can buy back in the short term. Long term leaving fiat on any exchange or even Bitcoins is very risky.
I agree with you here, it's the short term future that I have grave concerns about.
102.
Post 2214713 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Today's volume (or lack thereof) surprising or concerning to any of you?
No, not at all.
103.
Post 2214853 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
A friend in China mentioned today there's growing curiosity about BTC there after it was featured this weekend on CCTV. It's made it to the daily hot topic on sina weibo. Anyone want to speculate on whether/when this might be reflected in the exchanges?
Sure : It will make no difference whatsoever.
104.
Post 2214994 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
A friend in China mentioned today there's growing curiosity about BTC there after it was featured this weekend on CCTV. It's made it to the daily hot topic on sina weibo. Anyone want to speculate on whether/when this might be reflected in the exchanges?
Sure : It will make no difference whatsoever.
That is about as extreme as saying it will cause the price to explode to $10,000. I just don't see how advertising to millions or potentially billions of people will have no effect???
It had pretty much no difference the first time hit hit the TV in China.
There was a little price action based on the hype with money already on the exchanges but that soon died out.
105.
Post 2215159 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Do you not remember the price climbing coincidentally after that?
The price movement had already started before the Chinese event.
Since the crash, the only news that somewhat influenced the price was the MtGox/Dwolla incident.
And even then, the price movement was really lame.
Those initial Chinese qt client downloaders are probably still downloading the blockchain if the internet speeds are anything like they were the last time I went to China.
106.
Post 2220636 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Let that spring coil just a little longer. Note how amazing a buying opportunity we have now with this shower of continuous good/great news and minimal price reaction. This time you don't even need to try to catch a falling knife. Easy, low-risk gains for the non-clueless.
I think it's just going to take one big buy to push people off the edge... I smell a panic buy coming on...
$70k would take us to $123 and wake up the bulls a bit, but we really need to see $125 fall if we want things to get exciting.
This happened on Friday with a $1Million buy and we did break $125
After that nothing but stagnation and a return to $121-$123 on low volume.
Volume over the last few days :
Friday 79,000 - High = $125.55
Satuday 22,600 - High = $125.31
Sunday 20,800 - High = $124.50
Monday 16,300 - High = $123.69
Tuesday ? Looking low so far but it's very early in the day yet.
I guess today will be important if you're holding Bitcoin at the moment.
107.
Post 2220777 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?
Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.
A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...
I think the Cyprus event was mostly hype. Everyone bought on the news apart from those in Cyprus who could not buy due to their bank accounts being locked.
Price going up on hype is great but it doesn't last.
108.
Post 2221368 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?
Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.
A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...
There was no Cypress event.
People in Cypress with over 100k in their banks are having their money stolen at a rate of around 80% - 90% (not clear yet). Further they took 400 million of their gold (an artificially reduced rate due to the naked short selling). In addition the people of Cypress are STILL not allowed to withdraw more than 300 Euros a day. Hey mom, can I have some more money? LOL
Cypress was merely the canary in the cage falling over. Now, are the miners listening or watching CNN and seeing that the economy is all well?
People might take you slightly more seriously if you could even spell the name of the country correctly.
109.
Post 2221554 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
The boost in price after Cyprus was just driven by a few individuals holding fiat in BTX exchanges, who considered this was "positive" news for BTC, and started buying more BTCs driving the price up.
It certainly wasn't driven by anyone in Cyprus as the bank accounts were all frozen. We can be 100% sure of that.
110.
Post 2222439 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
So what's everybody blathering about? A rally is coming?
A rally will come, however I believe there will be a bit of a dip before it does. Maybe it needs a huge dip to get things going again.
111.
Post 2226602 (copy this link) (by samson) (scraped on 2020-04-04_Sat_10.59h):
The Ask Wall is getting higher and higher on bitstamp today !
Yeah it is! Really interesting. Why so many offers to sell above the current price?
Scare tactic or real?
And yet it is stable.
I believe they call this stage 'denial'
112.
Post 2228533 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
I just don't see the price dropping below $100 ever again.
rpietila also said his recently. I think it went to the $90's the very next day.
It recovered quickly only to stagnate and leave us where we are right now.
113.
Post 2233601 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
That's the entire purpose of a conference, is to make people think "things are happening". I won't read much into it until I actually "see" things happening.
Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything. Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.
It peaked at $125 last friday now it's stagnating and propped up on low volume.
Up, up, up
114.
Post 2233642 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
The
Bitcoin barometer is becoming quite bullish on the 2h and 4h timescale, I think we're going to shift gears soon.
Up, up and away. How can it go wrong !
115.
Post 2235947 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.
Many people have given this same slippage explaination over and over again since I joined this forum.
The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage
116.
Post 2236020 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Well, if you are bullish, a wall like that means you don't get much price slippage when you buy.
Many people have given this same slippage explaination over and over again since I joined this forum.
The reason I don't believe it is that I've always found it quite odd that someone would sometimes wait for the price to increase by as much as a dollar or two per Bitcoin until we hit a wall only to then buy it all to avoid slippage
But isn't it logical to assume that paying an extra $1 is better than possibly $2-$3 in slippage? I guess it also would depend on the mind of the trader.
Kind of like poker, no two people play it the same.
Not really, in the past people have seen other coins sold cheaper while a wall sits there. Then when we hit it the whole thing is eaten in one go.
Posts like this one spring to mind :
https://bitcointalk.org/index.php?topic=85687.msg1662008#msg1662008
117.
Post 2237027 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
These askwalls and bidwalls seem far too high considering there's such low volume.
I wonder if this is a kind of DOS against Bitcoin itself.
Someone with enough USD and BTC on the exchanges could create an artificial situation like this and pull the plug either way whenever they feel like it.
118.
Post 2237466 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
These askwalls and bidwalls seem far too high considering there's such low volume.
I wonder if this is a kind of DOS against Bitcoin itself.
Someone with enough USD and BTC on the exchanges could create an artificial situation like this and pull the plug either way whenever they feel like it.
This. These walls are way too coordinated.
Who would be selling right now, when Bitcoin is so obviously getting geared up to go?
So what are you guys suggesting the purpose and thus end result would be? Speculating of course.
Ares' tinfoil hat thesis:
Satoshi, with his massive holding of coins, is keeping the price down until he sees an infrastructure that warrants new ATH prices. This will minimize violent rises and crashes, and make Bitcoin look much more viable.
My theory is that someone is artificially propping the price up while attempting to sell a huge amount of coin.
119.
Post 2243936 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Is bitstamp down right now?
No
120.
Post 2244090 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Another attempt to break silently through $125?
It looks like people are waking up and deciding that today is the day to buy.
121.
Post 2244880 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
The way I see the current situation is that some 'asshat' decided to purchase about $1Million worth of Bitcoin on Friday 17th breaking through several walls and driving the price up to $125.xx, probably in order to incite a large scale rally like the ones we've seen since the crash.
I wouldn't be surprised if he purchased some of his own sell walls to make the rise look even more dramatic than it was, however that's up for debate as there's no proof whatsoever, this is speculation after all.
This attempt failed miserably and the price retraced and stagnated and it's took until now for it to recover.
I still expect to see coins priced much lower than $100 at some point in the future but with the current bid walls in place I suspect the price will need to bubble well into overbought territory before it will crash with the kind of velocity required to smash back into double digits.
I'm all in right now.
Just my thoughts.
122.
Post 2245107 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Is everyone assuming that these other low volume unproven exchanges will function perfectly when under very heavy load, DDOS attacks, order book spam, withdrawal transaction spam, etc, etc ?
If so then I'm afraid people are going to be sorely disappointed when the same old problems that MtGox experienced happen all over again with each new exchange that becomes popular.
As far as I'm concerned the only platform that's been real world load tested so far is MtGox.
123.
Post 2245716 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
ATTENTION SHOPPERS. ATTENTION SHOPPERS.
We are having a 5% discount sale on Bitcoins all this week.
Head on over to the BitStamp aisle where we have half a million dollars for the first customers in line.
Thank you and have a nice day.
A lot of those coins are not going to get sold on Bitstamp, they will end up back on MtGox.
124.
Post 2246043 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
While the relly at mt.gox is taking a small breather, at bitstamp BTC continue to be bought up.
Ask wall at 120.5$ just got broken through. And isn't it crazy that the ticker for the last 2 1/2 hours on bitstamp looks like a moving average? There aren't
any downticks
at all.
That's hardly surprising considering how low the bid amounts and quantities have been.
125.
Post 2246219 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
That's much better than before.
If you had the numbers for each dollar rotated 90 degrees it would be even better. Then you could display the $ amounts for every $ and not every 5.
126.
Post 2246345 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
As this is our own FUD-spreading thread, let me quote you the email that the Blockchain.info operator got from Twilio, regarding a possible action against Bitcoin in China:
Hi Ben,
We got further information from our carrier confirming that business such as bitcoin is not a proper financial tool in China and the Authority may treat bitcoin as an illegal business. Unfortunately the China Telecom Authority has requested that all bit-coin traffic to China be blocked.
As the provider of the phone number, Twilio is responsible for assuring the carriers that no more traffic related to bitcoin will be sent to China. Therefore, I have removed your international SMS permission to China. Please do not turn this on or try sending SMS messages to mobile numbers in China. Doing so will very likely lead to immediate account suspension.
Again I'm sorry for the convenience. Please let me know if you have any additional questions.
Thanks,
Twilio Customer Support
Source:
https://bitcointalk.org/index.php?topic=40264.msg2243603#msg2243603Any Chinese who want to buy will find a way, especially if it's banned.
127.
Post 2250318 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.
Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.
We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.
It is unique, just like the internet was unique when it came out. Comparing
BTC to anything traditional is skipping over a lot of variables.
I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin.
LOL, nothing is clear or guaranteed in any way.
Here's one scenario which could release a lot of tied up BTC and drive the price down.
A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.
Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.
I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.
128.
Post 2251227 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.
Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.
We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.
It is unique, just like the internet was unique when it came out. Comparing
BTC to anything traditional is skipping over a lot of variables.
I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin.
LOL, nothing is clear or guaranteed in any way.
Here's one scenario which could release a lot of tied up BTC and drive the price down.
A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.
Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.
I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.
lol you obviously dont have a clue what you're talking about, 1000's of bitcoins? lol do you even have a clue of the depth of asicminer trading?
https://btct.co/security/ASICMINER-PTtell me exactly where on that order book there will be thousands of bitcoins worth of asicminer shares sold. You can't sell thousands of bitcoins worth of shares if there are no buyers.
I took a quick look at the trading volume and you're right it appears that although a lot of shares have already changed hands in the past few days, I overestimated the quantity and it's not many thousands like I first thought.
You raise an interesting point though. There's no buyers. Considering you know much more about this than I, could you perhaps enlighten me as to what this lack of buyers on the book for ASICMINER shares does suggest ?
129.
Post 2255366 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
I am seeing a very interesting technique being used on bitstamp right now:
Instead of placing a huge ask wall, someone is setting down ~40BTC orders spaced 0.01 apart. But only a few at once, and filling them up as they get eaten.
This means that the upward trend does not get broken, it just slows down to a crawl. And the person gets to sell all of his BTC at high prices, because the confidence of the buyers is unshaken.
Pretty slick operator, if you ask me...
You have to ask yourself why someone's so desperate to sell off a large amount of Bitcoin.
130.
Post 2256504 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Cash out or not ?
Why ? The price is going up at the moment.
131.
Post 2256578 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Cash out or not ?
Sure, if you think it's gonna crash to 120 then i would cash out.
I think that it will , but people here are not thinking so :/ but you cant trust anyone here ? I dont know ho to trust and who not to trust
Make your own mind up.
Of course it all depends on how many Bitcoin you have and what price you paid for them.
Whether you're selling 8,80, 800 or 8000 the quantity makes a big difference.
132.
Post 2256597 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Cash out or not ?
then cash out, like the other pussies who just did, and miss the real rally...
That's a bit harsh.
How many BTC are we talking about here ?
133.
Post 2256623 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Cash out or not ?
then cash out, like the other pussies who just did, and miss the real rally...
That's a bit harsh.
How many BTC are we talking about here ?
It was a 750 coins cash out
Similar quantity to me, I'm holding right now.
134.
Post 2257966 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
The lull got me out of the house for a couple days, but enough of that real life shit. Bring on the action!
That's some strong window bars to hold all those guys
135.
Post 2259066 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.
Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off.
Really ? What people ?
136.
Post 2259097 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.
Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off.
There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...
Not on Gox there isn't
137.
Post 2265622 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Well that was unexpected.
Not really. I sold all mine last night.
138.
Post 2265678 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Well that was unexpected.
Not really. I sold all mine last night.
Same here. Long weekend in the USA, end of the month, things don't pick up until Tuesday.
Long weekend in UK as well with a holiday on Monday.
I wonder if that means more trading or less as people aren't at work.
Also any incoming (to MtGox) bank wires should be processed on Monday in Japan as normal as it's not a holiday there.
139.
Post 2265832 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Well that was unexpected.
Irony ?
It looks exactly like one of those 'cup and handle' things only inverted.
An inverted cup and handle on the H1 chart.
I'm not really one to study the charts in too much detail, does it mean anything ?
140.
Post 2274662 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
new 500
BTC bid wall appeared at 133.68 (well, miniwall really, but it is the weekend
)
Edit: only a 400
BTC wall now, and pulled back to 133.0
Edit2: everything up to 134 just got bought up, a few hundred
BTC worth of buys. New height.
Maybe it's starting early this week ?
141.
Post 2274689 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)
Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.
Still 2k to $135
Edit: 1k
105 to $135.00 now.
142.
Post 2274718 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)
Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.
Still 2k to $135
Edit: 1k
105 to $135.00 now.
Where are you seeing that?
I still see 1k.
Clark Moody, IRC and btccharts.com
143.
Post 2274853 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
105 to $135.00 now.
Where are you seeing that?
I still see 1k.
Clark Moody, IRC and btccharts.com
I am watching bitcoinity
Edit: I think I see: You are talking about
to 135, ShroomsKit and I are talking about breakthrough
You're right I'm talking about BTC asks to $135, there's a 'mini wall' on $135. Once that 'mini wall' gets bought I suspect the price will move quickly as the asks are much thinner until $137.00
144.
Post 2284648 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Did we just see a 2.5k sell without the price moving?
Yes, looks like one person decided to pull out.
145.
Post 2284802 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Did we just see a 2.5k sell without the price moving?
Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope
)
Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).
It's going to take some serious sell offs to bring the price into the mid $120's again.
I can't see it happening.
146.
Post 2286193 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Long weekend in the usa.
what's a holiday there?
It doesn't make much sense to me. Japanese banks were open as normal today and the UK and US are on a holiday today.
So any money sent so MtGox at the end of last week would arrive at MtGox today and most people won't be working so they will be available to trade.
I'm guessing that most people don't trade when they're at work. Maybe I'm wrong.
147.
Post 2286747 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Starting to look bad from here...
sell everything!
its almost over
Up, Up, Up !
148.
Post 2287079 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Starting to look bad from here...
Since when cheap coins look bad?
Always. It hurts the coin.
This is not true. Bitcoin already went from $32 to $2. Did it "hurt the coin"? No. Bitcoin is resilient, but very much prone to volatility because of its scarcity. Don't fool yourself thinking that it can only go up. It will go up, then down, then it will bubble, then it will lose 85% of its value.
Been there, seen that. Nothing to worry about. Just be cold-minded enough to do not shit yourself when it loses 85% of its value, just BUY more.
Quite right but don't hold it like an idiot all the way down - sell it and buy it back much cheaper.
149.
Post 2288636 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
They let rptiela out of psychiatric hospital?
I think he still has a couple of weeks to serve.
150.
Post 2288685 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Up, Up, Up ?
151.
Post 2289246 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
No :-) only 1,3k was bought from this 6,9k wall then wall was removed
Spoken with authority, it was your wall wasn't it ?
152.
Post 2290100 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
And not today because...?
because of long weekend in usa
Any new money sent late last week would arrive as normal today.
Tuesday / Wednesday is a different story as banks in the US and UK were shut on Monday which would have introduced a delay.
153.
Post 2295895 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.00h):
Price is slowly creeping up again together with the fiat on the books, I feel a buying spree coming on soon...
lol
154.
Post 2298324 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
Total ban of the Unted States. USA is becoming like Northern Korea soon. Isolated totalitarism/socialism.
But Bitcoin grows up.
Perfect Money:
BTC-E:
WebMoney:
Coinseeker, you are stupid nationalist & pseudo patriot.
Land of the free......
155.
Post 2308196 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
Personally I think it's going to go down. Maybe it will go up a bit first, who knows.
A rise in price on very low volume with the occasional 'booster' purchase of 1000 BTC completely out of nowhere certainly doesn't look like a bull market to me.
It looks like someone's trying to maintain the price with the occasional buy.
156.
Post 2311523 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
So....
Did you bears finish selling yet?
Can the choo choo continue? Or do you want to lower the bulls average cost of bitcoins?
Please sell...
Let me hazard a guess : Up, Up, Up ?
157.
Post 2347718 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
158.
Post 2347950 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?
Yes. No joke.
Look it up - 'triple bottom'
This pattern is considered to be a very reliable indication that the downtrend has reversed and that the new trend is in the upward direction.
159.
Post 2348024 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.
There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.
Is that what you
think it will happen , or what you
want to happen?
Spot the difference!
Keep waiting for those $50 coins!
Talk about a dream...
It was an 'impossible dream' to even think about getting a $100 coin on about April 9th this year. That soon came to fruition, then when they were selling for $50-$60 a few days later $100 didn't seem like such a bargain any more.
People around here have very short memories.
Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.
160.
Post 2348833 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
LOL, it kind of looks like a hand with a outstretched finger pointing up.
Up, Up, Up ?
161.
Post 2350084 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
This ^
162.
Post 2350790 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
I've been holding from $10 to $266, from $266 to $50, from $50 to $130. I'm not selling now
You could have doubled up on those coins several times already just by making a few well placed trades
163.
Post 2361929 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)
Interesting...
If really you want to be the careful type, shouldn't you wait on the sideline with your fiat ready, as price has a tendency to fall faster than going up?
There's always the fear of a black swan event rocketing bitcoin into the sky. I don't know why, but I think many bulls have this fear including myself. I don't like to sit on the sidelines for too long, I can sit out a weekend but that's it really.
164.
Post 2362123 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.01h):
Someone's feeling bullish!
Based on the recent discussion, I would say almost everyone...
Not me, I'm still waiting.
165.
Post 2372962 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
It's coming...
What's coming ?
166.
Post 2372990 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
Winter.
Obviously.
Watching too much Game of Thrones lately ?
167.
Post 2399450 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
I'm a big bitcoin believer but don't be brainwashed if any of this cash means something to you look out for number one (you)
Quite right. Abandon ship now.
168.
Post 2401229 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
What's the best plattform to trade altcoins?
Apparently this is a fake press release
169.
Post 2403041 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
Don't be so sure about that - once a double bottom is in everyone will jump right back in again.
170.
Post 2403092 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
i don't see any reason for anyone to do this, Right Now.... sellers want to sell as high as possible
I don't see any reason why anyone should by now either
I'm 100% USD and waiting for the inevitable.
171.
Post 2403224 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.
Shame (for you) that now, none of us want to buy back in any more.
Enjoy those cheap coins!
Not cheap enough, I'm still holding my USD (with the strongest of hands).
172.
Post 2403267 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
xseeee ME...but ... the best scenario for a bull is a price drop?
yeah , I know i'm reading between lines but still , was funny
For a realistic long-term bull with his feet on the ground (like most of us here) it's indeed the best case scenario, considering we had PARABOLIC growth (=bubble) a few weeks ago.
For a "rptard style" delusional bull short on meds expecting $300k per BTC by the end of the year, I guess "best case scenar¡o" is TO THE MOON and nothing else
Whatever happened to that rptard guy, did they let him out of the 'secure unit' yet ?
173.
Post 2403359 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.02h):
I guess they locked him in for good, and they threw the keys of his nut-cell to the toilet, and flushed it a couple of times.
Well, we saw it coming
Looking on the bright side of things he's probably saving a bunch of cash on expensive hotels.
174.
Post 2410313 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
People who went "all in" at 50 do care.
If they are all in at $50 and scared of a crash then they are over extended and should reduce their exposure ... at a profit. What a terrible problem to be faced with
They should, of course but people don't act rational that way.
If they went all in at $50 they should have sold them already - I know I have and I went all in at $60.
I'm just waiting for it to bottom out now.
After selling at $162 I was told by many people that I'm going to miss the train and will regret it.
175.
Post 2411886 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
I have had a busy weekend away from the computer and am now wondering what caused the price decline. Can anyone get me up-to-speed on the current situation/cause of price decline? Thanks.
Someone sold some Bitcoin into the bids which moved the price down.
Nobody purchased many Bitcoin directly off the asks which meant the price didn't rise much.
This happened more than once and I suspect it will happen again.
Edit : A lot of people appear to agree with this as there's a load of orders for cheaper Bitcoins sitting between $105 and $106 - these are the people who will be scrambling to sell when $100 breaks as the price continues downwards.
176.
Post 2415109 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
The walls at 105-106 remain consistent but more noteably, the wall at 100 has not budged. If we rip through 100, panic will probably set in and who knows where it stops. But much like after the Dwolla news, there was tons of momentum heading into 100 and it just stopped. If I'm betting and I am, I say we're going into double digits some time next week but, there is the possibility that we could bounce off 100 and see a rise back up to the 110-115 range. It's possible.
I think it will bounce, I don't see it going straight through $100. That level will have to be tested once or twice at least.
Inclined to agree. Anything is possible but I think this is a more likely scenario. Much like we're seeing at 105-106. If it bounces off for awhile then falls, the phycological break for many coming through 100, could be severe. Could trigger a massive freefall.
All the more reason to sell right now before we enter the first freefall stage.
I think it will bounce off $100 several times on the way down and probably a few times on the way back up again however long that takes.
177.
Post 2418587 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
The fact that the dumper picked the slowest time of the week for bitcoin, screams manipulation. All the bulls that want to hold up the price, but are still looking for cheap coins, aren't around right now, which is why the slow rebound.
The weekend dip is back, meaning manipulation is overpowering users/speculators.
This whole downward movement started last Sat/Sun and I mentioned the same thing. Most people said it wasn't true, but here again it happens.
This whole down movement started in April just after we hit $266, it's still playing out and it's not over yet.
178.
Post 2419041 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
And we touched $89.00 - more lows to come
179.
Post 2419376 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
In other news we're still in the 109.9999 area.
Weekend is on and Bulls and Bears are already wasted.
But , there is still hope , remember what happend last Sunday morning?
yaaawn ... so it actually happend..
It's gonna be interesting if we hit the real price trendline (13-30 area ?)
I have an order in already.
180.
Post 2419520 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
In other news we're still in the 109.9999 area.
Weekend is on and Bulls and Bears are already wasted.
But , there is still hope , remember what happend last Sunday morning?
yaaawn ... so it actually happend..
It's gonna be interesting if we hit the real price trendline (13-30 area ?)
Where in the world did you come up with this price? I've always said 50-60 but 13-30??
cut march/april out of the price graph , and see the trend for the last 2 years
Also when there is a panic drop, we will hit for a few the minimum of minimum , the dip , thats why the 13
A lot of other people are thinking the same by the looks of the bids - just look how many bids are on the order book between $10 and $14
181.
Post 2419536 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
can anyone pls explain to me to what periods of time does these marks "W1 D3 D1 H4 H1 M15 M5 M3 M1" are corelate? at clarkmoody.com, thx
seriously?
yes, thx in advance
Hint: W stands for Week... figure out the rest.
so the W1 must be one week, that doesn't make much sense to me, could you please stop being so arrogant and just explain, thank you, sir.
Week
Day
Hour
Minute
Followed by a number which is the number of units so H1 is 1 hour and H4 is 4 hours.
182.
Post 2419640 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
cut march/april out of the price graph , and see the trend for the last 2 years
Also when there is a panic drop, we will hit for a few the minimum of minimum , the dip , thats why the 13
A lot of other people are thinking the same by the looks of the bids - just look how many bids are on the order book between $10 and $14
How does sentiment factor into this though? I mean, if you ask anyone if they could buy say $50 coins, they'd say they are all in. I just think we would run into some serious buying pressure, long before 30 and certainly before 13. Not saying it's not possible, merely saying I don't think it takes into account other relevant information. I'm also not sure the bottom is the same anymore, with the number of new people. All that said, I won't complain.
$10-$14 and even the $30 ranges are so far away right now that if we ever reach that far the order book will look very different by then.
183.
Post 2419873 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
I was totally watching the volume as I was on MT. GOX at open of the Market(US) and it kept rising
and it has stayed high all weekend, I figured somebody was buying it open and driving the price down
. I remember this cause I was trading back and forth as I am not Verified yet, so I decided to convert my almost $500 into
BTC and cash it out to my e-wallet, and then my
BTC was gone 41 minutes into the 60 minutes to clear, I found it on the Blockchain and it is still there, still unclaimed and has a note on the right side referring to Verify, I am assuming Mt. Gox, froze the transaction, because I am still not verified, when I submitted the proper residence certificate that same day, I received an e-mail telling me I have to go to the bottom of the que everytime, so I hope I can still get my measly 4
BTC back.
-Branzig
I verified a couple of weeks back - it took 2 days.
If you have more than 1 account and hey find out (which they invariably do) they force you to verify before you can withdraw anything - this is quite common from what I've seen on the IRC support forum.
184.
Post 2419912 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
The only thing I'm currently concerned is that there is/are a dolphin (I find them cuter) who was able to manipulate once the market , when it was around 120.
If the price drops , even now at 90 , if he buys back he will get more BTC than he had and he can play his card better.
Now , if he keeps this game with 2 drops and then one buy a few times undisturbed he will slowly gain more influence ....
Of course we add around 3500 coins daily to compensate this , but, still an unhealty scenario.
A guy with enough bitcoins who is in only for gains , enough power to influence the price... sounds like a .. central b***.
If it's the same guy who dumps every sunday i don't see him buying anything back. He's getting out and depending on how many coins he has this could go on for a while.
You could think he does it on sunday morning to cause as little panic as possible.
If he was after a price drop to buy back more i'm pretty sure he would do it differently.
Maybe he's busy doing whatever he does for the rest of the week and likes to play with his Bitcoins on Sundays.
185.
Post 2420008 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Well if that is the case, then Hello under $50. I wonder what the Asics companies like Avalon with 68,000 btc in wallet will do..
What makes you think that Avalon are holding 68k BTC ? Did they say something ?
I would have thought they'd sell as needed when producing.
186.
Post 2420089 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Well if that is the case, then Hello under $50. I wonder what the Asics companies like Avalon with 68,000 btc in wallet will do..
What makes you think that Avalon are holding 68k BTC ? Did they say something ?
I would have thought they'd sell as needed when producing.
If this moves....
That's a lot of BTC !
187.
Post 2420289 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Hand In Hand, Shoulder To Shoulder, Protect Your Bitcoin!
The Bitcoin gods will bless you for not using the Spartans meme.
We do not talk of that meme since the 10th.
This one, Holding like a retard :
188.
Post 2420791 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Waking up to a price of $90 is not nice, what the fuck guys?
it'll bounce back, there's no reason for the drop - people are just dumping and buying back in for extra coin, don't be one of their victims!
Yeah, it'll bounce back to $156
LOL, eventually maybe.
I'm expecting it to go lower. Much lower.
189.
Post 2420925 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?
On May 3rd it was fast moving, and the low resulted in a mass buy in. The price was only really low for minutes from what I remember as everyone quickly bought in. If you didn't put a blind bid in at the correctly guessed price you could not have bought at the low.
Today it went down and pretty much stayed there. Then a few buys came in as the day traders started doing their thing.
190.
Post 2420975 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Are you guys clocking whats happening to the order book. Multiple, and i mean multiple 0.0100 are being repeatedly entered onto the book at every possible price. Watch the orders close at the current price, increasing and decreasing by 0.0100 every second.
It's order book spam - it slows the exchange down if someone dumps big and introduces lag.
191.
Post 2421008 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?
Huh? Why would you love that?
Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.
Just like in January this year right ?
192.
Post 2421095 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?
Add me to this list. I sold mainly in the $160's and I'm looking for cheaper coins. I did a couple of trades since but only made a few thousand USD so I decided it wasn't worth it and I'll just wait for the good prices to come then buy and hold until I dump it all again.
It's dropped a load since I sold already and I have a feeling it's going to drop much further.
193.
Post 2421201 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
panic buy happening right now
Looks like a bot painting the tape to me.
At one point a few minutes ago an 800+ BTC bidwall appeared on $98 and was immediately sold into forming a new top.
Someone's meddling with the price by the looks of it.
194.
Post 2421990 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
+1 I'll load up at $50 as well as I expect quite a bounce from there before it drops into the $30's
195.
Post 2423252 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Market Depth at Gox got quite a bit better since things started going down today, though we all know how manipulated that can be.
The hammer looks pretty solid, people are wanting to make $100 support. I think it makes handling Micro BTC transactions soooo much easier.
Well I'm not buying any, good luck with that
196.
Post 2424541 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Sorry guys I need to drop some coinz now.
I need to drop 10,000 mBTC, sorry for that
Volume:141,672 BTC
bitstamp: 28,514 BTC
btc-e: 16,402 BTC
campbx: 1,700
goxUSD down to 58% of market according to b.tc.charts:
http://bitcoincharts.com/charts/volumepie/Nearest competitor - 12%
197.
Post 2425122 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?
It's a suckers rally, people recognise this so instead of jumping aboard the Bitcoin train they just ignore it and wait for the current downtrentdto continue.
Price rising on low volume : What could possibly go wrong there ?
198.
Post 2428156 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
I hear BTC being sold...
Will the current price hold without our good friend wallzila?
hehe .. thats why i'm not buying this all feels too manipulated to me.
This kind of blatant manipulation only encourages me to withdraw more USD from the exchanges.
I'm thinking of this as a kind of attack against crypto currencies.
If someone was hired and funded by a government and asked to do their best to destabilise and potentially collapse Bitcoin and other crypto currencies in general this is exactly how someone could do it and accumulate Bitcoin for future moves while doing so.
Destabilisation to the point where people don't know what's going on or have any idea what to expect will deter serious investors from getting involved.
I'm not saying this is a 'state actor' but it makes sense that this would be one method of attack by a well funded enemy of Bitcoin.
I'm thinking that this kind of large scale manipulation could pave the way for further regulation and open up exchanges to legal problems under different laws to the existing ones which are being applied right now.
I wonder if anyone who knows much about Japanese legislation and how uncontrolled potentially preventable manipulation on this scale would apply to MtGox. I have to wonder if someone's engineering a situation which could open up new avenues of legal action.
199.
Post 2429631 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
remember may 2:
- started to fall April 30: $147 to $104 ($43 down) and come back to $127 ($23 pulback) then crash at $79
Now
- started to fall may 27: $136 to $88 ($48 down) and come back to $110.6 ($22.6 pullback) then ?
=) keep it in mind at least
If think that if the pattern kind of repeats it should end up at something like $60 - this time.
Edit : LOL - over 9000 BTC are currently required in bids at $60 on the order book. This fits with the pattern.
200.
Post 2430961 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
201.
Post 2432947 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
i'm not crazy i'm telling you 180$ in about 2 weeks time, deal with it
The only way I can see that happening will be if it dips quite low and everyone buys back in starting a huge rally.
I don't see it.
202.
Post 2433017 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
i'm not crazy i'm telling you 180$ in about 2 weeks time, deal with it
The only way I can see that happening will be if it dips quite low and everyone buys back in starting a huge rally.
I don't see it.
On 4 to 12 hour charts you can see a massive bullish triangle forming. If the price reaches $110 and sits there it will be a launchpad to $180
Edit: Mainstream FX firms looking seriously at Bitcoin now:
http://www.xe.com/currencyconverter/convert/?Amount=1&From=XBT&To=USDWe'll see. If it rallies convincingly I'll buy in otherwise I'm just waiting.
203.
Post 2433187 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.03h):
Anyone need 8k BTC ? because i must sell it urgently
What is it with you and these bullshit posts ?
Edit : I'm beginning to think you're a 'bot'
204.
Post 2450426 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
$111 broken. Time to panic buy, for whoever is crazy enough to still hold fiat
lol
205.
Post 2451368 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
I say, now that we've broken through $111, it's $119 by Saturday.
206.
Post 2451494 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Up, Up, Up ?
207.
Post 2456651 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
So we all agree 50 is a bargain/on track for now?
I too don't believe we will be seeing 30
I think you bearish bulls would be lucky to see 99$
I agree - it will only be a fleeting glance and will perhaps last a few seconds at $99.xx as we move down to new lows.
208.
Post 2462173 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Are we still going up up up beacuse it doesn't look like it to me
209.
Post 2473251 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Down, Down, Down !
210.
Post 2473664 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
don't you mean
go, Go, GO?
I mean crash to the floor so greedy me can buy cheaply and assume that bubble is over.
Where's your bids? How much are you going to buy? I assume you are all fiat now?
All fiat, I have them proportionally spread out in 30-60 area.
$20 seems like a fair price to me. That's more than 30% up on January's price which is pretty good.
211.
Post 2473941 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
85$ bottom for this fall!
Any other predictions?
<20 pipe dream
20-50 possible, but not likely
50-80 likely
>80 possible, but not likely
This, because selling pressure will take us thru 80 resistance point, but not thru 50.
Maybe not yet, not this time around.
As we move down and up and then back down again over the coming months anything and everything is quite possible.
212.
Post 2474919 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
When people realise that things aren't actually that bad, confidence will return and we will be able to trade higher volumes at higher prices.
I agree, I'll be fully confident purchasing a few thousand BTC at $20. If they dip much lower than about $18 I will have to dump them all though and wait for new lows.
213.
Post 2475629 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Bitcoin isn't really a sinking ship, it's just still overvalued from the bubble. Expecting the price to stabilize from what it was early in the year to $100+ without a large, sustained influx of new buyers is just not realistic.
Yup. And we are in for a long painful slide
I'm just waiting it out at the moment.
I will probably buy and sell several times on the way down after each major movement when I expect to see a significant bounce.
I guess I'd class a major movement as something like $100 down to $70/$80 - these movements can happen very fast as can the bounce.
Then I'll dump again and wait for the next leg down into the $50 range, and so on until we hit the bottom which I suspect will be nearer to $20 than $50.
214.
Post 2475684 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Bitcoin isn't really a sinking ship, it's just still overvalued from the bubble. Expecting the price to stabilize from what it was early in the year to $100+ without a large, sustained influx of new buyers is just not realistic.
Yup. And we are in for a long painful slide
I'm just waiting it out at the moment.
I will probably buy and sell several times on the way down after each major movement when I expect to see a significant bounce.
I guess I'd class a major movement as something like $100 down to $70/$80 - these movements can happen very fast as can the bounce.
Then I'll dump again and wait for the next leg down into the $50 range, and so on until we hit the bottom which I suspect will be nearer to $20 than $50.
It would be so much easier to somehow forget about it for few months, wouldn't it?
In a way yes, however I don't want to miss the buying and selling opportunities along the way. It would be great to increase my USD by 50% before we reach the bottom.
215.
Post 2477738 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
A lot of support here, 32k won't even drop us below $90, while a ridiculous ~9k is enough to bring us back to $110. Rally time?
edit: in fact, 32k in the other direction will bring us to $125. Wow
Financial times will push us to 180 in 11 days. You heard it here first
LOL
The people who read the FT will take one look at the charts and know it's deflating right now.
Anyone who plans on buying any will wait until it bottoms out. They're not stupid.
216.
Post 2477977 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
I cannot even imagine being totally out. Every man needs his untouchable paper wallet. The feeling of being 100% out has to be unbearable even for the biggest bear
I'm managing just fine without any BTC.
I really don't see why anyone continues to hold it while it's going down in value.
I appreciate it though as when they do all panic at the same time I'll be ready.
217.
Post 2481883 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Can someone explain the large Bid Ask imbalance - I mean it is easy to see but with so many bids (support?) right below the price and so few sells above the current price, shouldn't we be going up?
I've noticed it slowly had been building the last 2 or 3 days (as we went down.)
IAS
Bids are piling up, but price is slowly goes down, which means that more bids are sold into that asks bought. What buyers are doing is slowly moving their bids lower and lower while sellers sell.
There's no rush to buy.
There's no telling when the buying panic will start but it's getting nicely coiled up.
I think people will buy when they think it's cheap.
218.
Post 2482444 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).
Ahhh, I see your point. I really don't think double digits are sustainable either - sustainable being the key word. We may have buyers come in and jack the price up but there are many many people who would like to sell in the $100 + range, so I don't see a prolonged rally unless those buyers start coming in force. For that we need something - news, another bank to go under, interest rates to really rise, etc.
I don't like being in Fiat but I get the feeling we will slowly settle below 100.
I worked some numbers by studying the chart (and past charts) and came up with a bounce off the $90 range on our way down. The other points on the way down (not saying we reach all of them) is 82, 68 and 60. Maybe low 50's but I think the buying won't let that happen, too many people want it. Depending on how long the downward movement goes on, I'd "guess" the $68 region is more likely, we'll have to see how people react.
Any chance of teasing an explanation from you...?
Pig sucker rally going on right now. I'm interested in the analysis too.
I agree it looks like a 'sucker' rally. Saturday morning too.
Just look at the bids on $90 - 6700 BTC required. That's enough to bounce a few times on the way down unless it's cancelled before it gets there of course.
219.
Post 2483300 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
To me, it looks like it is going down now.. Many of the bulls think speculatively that by selling now, it is easy to buy back later. While this thinking is wishful (not all of them can buy the coins back - sub-100 or even at all(!!)), it is enough to take the price down in a long slide to around $50.
Only the growing usage will save bitcoin now. It may take months before it catches up. We are 2 months to the bear market now, I would not be surprised for 2 more months. 4 more would be a surprise.
Don't sell your coins. In 2011 only the ones lost who sold. I bought about BTC5000 then from somebody who could have held onto his treasure but chose to throw it away for a pittance. Read my threads (links in the sig). Don't sell.
You can't be sure the guy who sold you 5000 Bitcoin didn't buy double that back at the bottom.
220.
Post 2484154 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
you're a bear now
wtf did they do?
lol
MtGox can do wire transfer to anywhere in the world including US
people are selling because they are scared
mmm good luck with that.
I made a withdrawal pre bubble burst and have yet to receive funds....
I did two international wires from MtGox this week - the first one arrived the next day. The second one is yet to arrive, I suspect it will arrive on Monday.
221.
Post 2484362 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins.
I can feel the bullish market.
A good effort by whoever tried but it failed. Down we go.
222.
Post 2484423 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.04h):
What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins.
I can feel the bullish market.
A good effort by whoever tried but it failed. Down we go.
Pretty big wall at $96.01, $1M in total. And its money that it was just added to the order book (check blockchained chart), not money already present in it that consolidated at that point.
Interesting times. Much more interesting than in 2011 I'd say.
Walls in bitcoin world have a peculiar tendency to disappear
Yes, looks like it's gone already
223.
Post 2489471 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
last realy big selloff had also a nice bidwall .. got eaten like candy..
Yes, so "they" are basically selling into any rally and it is not showing up (of course) in the market depth...
Something like this :
Clark Moody is showing about 9000 BTC traded within a $1 price range today in a very short period of time.
I've shown it on the 1H chart as it was about hours ago now.
I wasn't online at the time to see this happen
It looks like someone put up a huge wall and it was eaten immediately.
224.
Post 2489525 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
That vol spike on CM is completely bogus. It has done this before.
I was online at the time and a few hundred (edit: 1400) went through on bitcoinwisdom, but not thousands like CM has.
Someone else told me that on IRC - I thought I'd confirm it here.
That's very strange, how could this happen ?
225.
Post 2489984 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
If you look back at the bubble crash, then it's obvious that afterwards when the price went down below 100, every time the price went back up to above 100 in a relatively short time.
This happened several times, indicating that the market will not settle for a price below 100.
The bounces were smaller every time, indicating that the market will not (yet) want to go up. This means it will go down. If it can't go up here it will go down.
This will happen:
-> a little bit more bouncing around here at these levels
-> decisive move below $100, breaking previous lows (huge triangle break)
-> fear and panic
-> $50 -> bounce -> a few weeks of hope -> down again
-> $50 -> smaller bounce -> a few days of (smaller) hope -> down again
-> $50 -> uncertainty, fear ->
break -> stops triggered and n00bs panic
-> $30 -> strong bounce -> a few months hope -> down agan
-> $30 -> smaller bounce - a few weeks (smaller) hope -> down again
-> $30 -> uncertainty, fear ->
break -> more stops and more panic
-> $20
-> me converting most of my Fiat to BTC
-> price goes up again, third bubble slowly beginning.
I'm thinking that something along these lines will happen with an additional bounce at $70 or $80 on the way down.
226.
Post 2489991 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
All the same, there is some tone of desperation in this. Just how heavily invested are you??
I started selling my bitcoins today, so I likely confirm as a contrarian indicator and you should buy. I still have 97% of the amount left, but now also some dollarz that I can use for paying the bills.
If I were you I'd sell it all. I sold all mine some time ago.
227.
Post 2493922 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
I am surprised bitstamp and btc-e are holding.
Back in April, when MtGox stopped the engine "to cool the market", the price in other exchanges plummeted like a stone.
No need to worry the market is cold as ice cooled already.
228.
Post 2497520 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
Technical analysis of bitcoin charts and bitcoin prices has worked very well over its entire trading history since 2010, even in the beginning when market cap was tiny
I still remember the first TA with a triangle at 0.065$ where we predicted the huge breakout
Do you think there's going to be a breakout from $100 ?
Some people seem to be talking like it's about to rally or something. I'm just waiting for 'the' drop at the moment.
229.
Post 2502833 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
It's a pity they don't allow people to fund their accounts directly with Bitcoin. I think they would get a lot of new customers doing this.
230.
Post 2525353 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.05h):
good stuff
now just wait till the money from the gold sell off gets here
MtGox aren't sending international wires out since last week.
Call it a hunch but I'm going to say this might put some people off making deposits.
231.
Post 2528490 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
good stuff
now just wait till the money from the gold sell off gets here
MtGox aren't sending international wires out since last week.
Call it a hunch but I'm going to say this might put some people off making deposits.
BS pics or it didn't happen
It's worse than I initially thought - USD withdrawals suspended for 2 weeks !
https://mtgox.com/press_release_20130620.html
232.
Post 2528754 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
As usual their communication is amateur BS.
Maybe behind the curtains their Japan bank account has been frozen for 30 days pending review.
Inside our hearts we all know that sooner or later it was going to happen. Maybe it is about time to shed a tear and discover what happens to bitcoin without Gox.
Maybe.
Not quite - I did a $10k withdrawal last Wednesday and it arrived in my Bank on Thursday.
I did another one on Thursday and it did not get sent.
Whatever happened happened either late last Wednesday or sometime on Thursday.
Many people have been complaining about missing transfers since Thursday 13th over on the service discussion forum.
233.
Post 2528780 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Bad news ad infinitum, be prepared for the coming weekend dip.
Mmm... I sense a replay of the Dwolla-news-effect is coming - just an order of magnitude bigger this time.
Prepare to see price going up on Gox and down on other exchanges.
Where we go from there is uncharted territory. Make your bets gentlemen
Yes, the Dwolla incident is going to look like small change when compared with the coming exodus of USD from MtGox.
Wire transfers are how the big money moves. There's going to be some pissed off people with USD on the exchange. Even if they weren't planning on making a withdrawal I suspect they might buy BTC just to move it due to this.
I moved all of my remaining funds already when one of my withdrawals wasn't processed last week.
234.
Post 2528812 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Bad news ad infinitum, be prepared for the coming weekend dip.
Mmm... I sense a replay of the Dwolla-news-effect is coming - just an order of magnitude bigger this time.
Prepare to see price going up on Gox and down on other exchanges.
Nothing but wishful thinking
LOL, I spent about $60k when word of this delay started to emerge last week. This is money I've been sitting on for over a month waiting for lower prices.
I suspect this is the only reason why the price went up to $113 recently - people who were paying attention knew something was wrong and decided to get out of Gox.
I expect to see lots of big BTC purchases very soon.
235.
Post 2528950 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
I expect to see lots of big BTC purchases very soon.
Update - it's happening right now
236.
Post 2528967 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
After just selling 85% earlier , i'm now all in again, after much thought put into this recent news lead to only one outcome:
Exodus of USD from Gox, and there currently is only one exit: Buying coins. Expect artificial price boom now.
+1
237.
Post 2528974 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
What happened to the posts counts - have 500 of my posts been deleted ?
238.
Post 2529133 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
So... money can come in, but can't get out.
Sounds legit.
What was Madoff's first excuse when he stopped paying out ?
239.
Post 2529909 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
thanks...
so the fastest way to get your dollars out of gox is...buying bitcoins and selling them on another exchange with faster withdrawal???.
didn't we have that problem with gox withdrawals already some weeks ago?
There was a problem with SEPA withdrawals, the option to avoid a lengthy queue was to pay 2000 Yen (only about $20) and send money via an international wire transfer which is usually very quick.
Previous to this there was the Dwolla issue - that wasn't such a big deal as it was mainly used by smaller traders and anyone could still fall back on wire transfers for urgent withdrawals.
Now international wires are suspended it affects everyone including the whales.
I suspect things are going to get interesting.
This press release by MtGox doesn't inspire any confidence for the future.
The phrase 'I will believe it when I see it' springs to mind.
240.
Post 2532623 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Maybe it's just me but it seems a little strange that the US government are fining foreign banks huge amounts of money for doing business in different parts of the world.
241.
Post 2532851 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Again, anyone here bought today to leave MtGox?
Not me. I do have $10k sitting there due to a failed wire transfer attempt though.
242.
Post 2533081 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Well if the theory of the gox price rising because of an exodus of btc in order to cash-out elsewhere has any merit then I guess people are using localbitcoins or some other service with a gox-linked price (or they're not in a hurry to convert back to USD) because it's certainly not driving the price down at bitstamp or elsewhere at the moment. The proximity-to-gox is certainly a bigger percentage than average but there is no correlating down as of yet to gox's up.
There's no real reason to sell while the price is rising.
243.
Post 2535611 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Bitfinex (Bitstamp) now @ $103.50 and people are still leveraged long up to their ears.
Good luck unloading.
Does what your getting at rhyme with Brash but sort of have the opposite outcome?
Me? NooOOOOOooo, I would never...
I've been asking all day to see who's leaving MtGox, as many people are saying is happening...
I've got a single answer (with limited BTCs).
My guess is everyone bought thinking the price would go up
and now they are all looking at each other thinking "Oh... It didn't happen... Uh oh..."
Also, Bitifinex isn't very liquid. With more than 2k BTC leveraged long, that could take a long time to sell.
I didn't buy today to leave Gox but I did 2 days ago. I bought and moved 550 Bitcoin elsewhere then sold them.
One of my wires went missing the day this issue started so I saw something was wrong and I acted on it straight away. I had $60k on Gox at the time which I reduced to zero.
The only reason the price went up 2-3 days ago was people buying to leave in anticipation of there being a problem based on increasing reports of missing wires.
What you're seeing today is the late comers who are reacting to the official announcement.
The only reason I noticed this is I did another wire one day before this and it was processed immediately and credited to my bank account 24 hours later.
It is happening but it just started a few days before the official announcement based on the rumours.
244.
Post 2539713 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
5 and 20BTC buys with 1.5$ slippage, seems like people desperately want to keep the price high
LOL, it's just a matter of time.
Even without the latest fuckup by MtGox it was only a matter of time anyway
245.
Post 2539954 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
How the fuk would gox become insolvent... They're sitting on a goldmine of trading fees alone. You guys really need to stop thinking the worst possible scenarios, I personally think Gox isn't as bad as you guys make it seem. Yes, they have problems, but that's to be expected of an online exchange operating in a novelty area like bitcoin...
LOL, I was making a business plan 20 years ago and I was talking about worst case scenarios and the 'advisor' I was speaking to told me that I shouldn't really think along the lines of a worst case scenario. He was an idiot.
You should always plan for the worst but work towards and hope for the best.
246.
Post 2549203 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Can we put up some more insane walls? Because no matter what happens we need to make sure Bitcoin won't go up and make us money. That would just be bad!
I have a great news for you then: BTCUSD will fall to $75 within FIVE days.
When it gets there I wonder what sentiment will be like ?
I suspect bearish.
247.
Post 2556843 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
Regarding investing in LTC. I'm not against it, but not for it at the moment. Many of us here see BTC coming down in price, perhaps a lot. Since the cryptocurrencies are VERY tied to BTC's price, one should probably not get into them during a BTC correction.
I agree not to advise investing in LTC for now, sure. But trading is a good idea right now. I made 20% profit on my BTCs by buying and selling LTC in the last 2 days, and I'm basically a noob at trading. Definitely worth doing again when/if gox announces doing LTC officially.
They did announce it officially on the facebook page. No date yet but it's coming.
I picked some LTC up at about $2.30 recently and it's gone up quite a bit since then.
I think I'll just hold onto it for the next month or two and see how it plays out.
248.
Post 2565514 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
It seems that the next 2-3 weeks will be decisive for the next trend...
it is difficult to predict whether the downward trend breaks and where
I think it's quite obvious where we're heading : into the crash zone.
$20-$30 Bitcoins here we come.
249.
Post 2565596 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
1.The Cease & Desist
"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.
2.The news comes just days after Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.
I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.
Note that that is from May 30th so it isn't a coordinated attack, but I wonder why the foundation might not have mentioned it sooner?
When I get a baseless horseshit letter like that (and I've had a few over the years) I generally ignore it.
250.
Post 2565607 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
It seems that the next 2-3 weeks will be decisive for the next trend...
...
it is difficult to predict whether the downward trend breaks and where
I think it's quite obvious where we're heading : into the crash zone.
$20-$30 Bitcoins here we come.
By the way a lot of skeptical Mondays at btc-e Bitcoin 96.4, LTC 2.57 ...
there all weekend bought, today sold only
If Litecoin comes down to $2 or even lower I'll load up with them.
251.
Post 2565700 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
i have enough of waiting some serious drop will go off
I thought you said only an hour or so ago that you could wait 10 years ?
252.
Post 2565801 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
PLEASE STOP QUOTING JARO-JAW
I will drop 5k to eat $100 wall and you will see no-brainer
LOL, because if you didn't do it nobody else would in the next hour anyway right ?
253.
Post 2565854 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.06h):
PLEASE STOP QUOTING JARO-JAW
I will drop 5k to eat $100 wall and you will see no-brainer
LOL, because if you didn't do it nobody else would in the next hour anyway right ?
You dont even have 500BTC so be quiet. Also buy 5k BTC to rise the price.
Of course I don't - I sold all mine when the price was much much higher.
254.
Post 2585518 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.07h):
Do you guys realize that if one of your foreign accounts ever reaches over 10k, you need to report all your foreign accounts irrespective of their balance?
I have foreign account 1: 11,000$, f account 2: 2,000$ f account 3: 500$ f account 4: 0$
I need to report account numbers of all 4 accounts
I have foreign account 1: 100$, F account 2: 200$, f Account 3: 5,000$
don't need to report any account numbers on the 3 accounts
I'm glad I don't live in the land of the free and therefore don't have to do this nonsense.
255.
Post 2593957 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.07h):
You can just see the average size of the sells compared to the buys by watching the tape. (I wish there was a statistic that actually showed this??? Anyone?)
Money Flow Index (MFI) ?
256.
Post 2611770 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.07h):
This is a good news for those interested in the bright future for bitcoin. But it's bad news for those interested in drug-dealing and mioney-laundering with btc. Don't you think at first these people will cash out?
They will just use btc-e or some other unregulated exchange.
True, it will be business as usual for the drug sellers. MtGox will deal with the large user base of legitimate users.
Of course anyone can also send their Bitcoins to MtGox for trading over time and just use one of the fringe exchanges or OTC for cashing out whenever they want some fiat.
257.
Post 2638470 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Oh 90 wall, you so tasty..... Up we go!!!
I see no wall on $90 - 56 BTC lol
258.
Post 2638611 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Oh 90 wall, you so tasty..... Up we go!!!
I see no wall on $90 - 56 BTC lol
You missed a 750 BTC wall being chewed to death. Largest buy was something like 150 BTC.
And after the buying started, I saw a wall get pulled as well. Did you see that? The buying didn't continue though...
Someone wanted it too.
Hmm, sounds bearish to me.
259.
Post 2638744 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Oh 90 wall, you so tasty..... Up we go!!!
I see no wall on $90 - 56 BTC lol
You missed a 750 BTC wall being chewed to death. Largest buy was something like 150 BTC.
It sold down to $88.0001 again - this keeps happening. Someone wants out.
260.
Post 2638820 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Oh 90 wall, you so tasty..... Up we go!!!
I see no wall on $90 - 56 BTC lol
You missed a 750 BTC wall being chewed to death. Largest buy was something like 150 BTC.
It sold down to $88.0001 again - this keeps happening. Someone wants out.
But 88 held once again. I expect to see this price for 2 days until MTGox opens their mouths again. Then we will see what happens
I think we both know what's going to happen
261.
Post 2639322 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
From about 12hrs ago, bid sum is up nearly 1 million, and ask sum is unchanged.
Is it Dump O'clock yet? Me thinks not. What is the official day for the end of the USD hiatus? 2 days?
Yes, July 4th
262.
Post 2644280 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
"Surely we can't go lower than this!"
I saw this little gem on the BTCe trollbox :
evilsim: lots of future coming today
Sounds about right to me.
263.
Post 2644469 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Goodbye, triple digits. Goodbye, 90s.
Welcome 70s soon.
Oh yes, we still might bounce off of 82 but we also might just hit 70 first and violently come back up.
I don't have the where with all to trade this...
Why 82? Isn't the support at 80?
Look at April 15th's candle. We are splitting hairs here, though people that put buys and sells in at a certain price are looking at the same data (mostly)...
No bounce this time around.
264.
Post 2644487 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Do you want guys see 82$ broken ? Show me your support and i will vanish this pathetic wall
LOL, bring on the 70's
I suspect you sold whatever BTC you had a long time ago.
265.
Post 2644629 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
But if I feed them now, they will forget how to get food and die in the winter!
Winter is coming ?
266.
Post 2645866 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
likely to bounce fairly well off the mid-70s before going deeper though surely?
Possibly. However it only bounced a little at the large bidwall around $80/81 so far anyway.
Maybe it will just keep going down with only small irrelevant bounces.
267.
Post 2645892 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
just a status update: mtgox is breaking through the about 1k BTC bid wall at 82 right now.
And it's gone - $81.959 new low.
268.
Post 2646884 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
269.
Post 2648278 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
i have a dream of 250$ next week
Whoa. Did you buy in?
Jaro needs to buy in. This is the market low... PLEASE GOD LET IT BE THE LOW!!
It begins.
270.
Post 2648911 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
12,000 sold in one minute ! That was quite a minute
271.
Post 2649070 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
So far, no bounces and large purchases. It will be interesting tomorrow
Tomorrow?? We're not even finished with today.
It's all relative, 6:18 am July 4th here
272.
Post 2649133 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
definitely time to buy...
I'm waiting for new lows.
273.
Post 2649293 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
definitely time to buy...
Do You think that this isn't just another sprint (rather march) on 80-82?
no
we're hitting a key support, post count on this thread is crazy high, all bearish comments ...expect me... time to buy guys its trend reversal
lol
274.
Post 2652647 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Why bounce from 55 and 65 but not from 50 and 60?
First big bounce in the $50s is expected to be in the mid or high $50s, too much people wanting in at $50.
Still, depending on how painful are the traps and crashes before that point, confidence that $50 will hold may be very damaged. Just look at how easily all the other crucial support points ($88 and $79) fell.
Personally, two months ago I was ready to bet that $50 was going to be the very bottom. Now, I'm more inclined to think that there is a 70% chance that the bottom will be lower, something between $20 and $32. Just because there is too many people saying $50 is THE bottom, and during a bubble deflation the very bottom is always lower than most think.
Still, I believe that buying BTC at $50 is again a good investment for the long term, regardless of where the very bottom will end up being. And we will have awesome action at that point, that's for sure
When I buy at around $55 I'll place a series of sells from 60 upwards. When it starts to drop again I'll just dump it all.
275.
Post 2656311 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
as someone who sold at 72 and watching the price climb up it is ruining my evening and driving me nuts.
Don't worry - we'll be trading in the $60's before you know it.
276.
Post 2660200 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
In the last days the avergae number of transaction fell by 10k (25%) but the amount transfered has risen by 50%.
Lots of coins on the move , and I really hope not in the gox or bitstamp purse.
Quite interesting , the change happend right after the winklewinkle bros announcement.
LOL
http://www.investorschronicle.co.uk/2013/07/05/comment/the-editor/don-t-bother-with-bitcoin-2PGuuJiaOG3THnmMYSg5RO/article.html
277.
Post 2660268 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Sell now, buy later !
278.
Post 2662386 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
i'm buying again
I'm waiting for better prices
279.
Post 2663668 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
Woo hooo $70 !!!
Very low support above 66, I'm waiting for lower prices with lots of patience.
280.
Post 2663719 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.08h):
I think we may hit $65 today, and then a bounce up into the 70s again.
Finally I made a decent prediction in here. Anyone wants to make a guess how high this bounce will go?
It looks this one is done already at under $72
The bounces are very small lately which is kind of surprising.
281.
Post 2664971 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
LOL
Edit : Changed date !
282.
Post 2665121 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
You know what would be great? If campbx wouldn't SUCK ASS and come back online!
I am getting a shit ton of Coin orders now that the price is dropping and I would love to cash out and buy back low, but no Campbx is terrible and is down constantly.
Sorry needed to vent!
ditto. can they even handle 1,000 coins a day? are they in fear of becoming big because they deal with dwolla
I've said this before but everyone who complains so much about MtGox and their problems over the past few months has to realise that all these new exchanges are running on low volume.
If any Gox style trading volume comes their way - they will crap out faster than gox ever did.
283.
Post 2668403 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
I can't believe a small sell wall at 70.00 is holding this upward trend at bay
That's because it's not an uptrend
284.
Post 2668473 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
I can't believe a small sell wall at 70.00 is holding this upward trend at bay
Thats because everybody is freaking the fuck out and not buying...
I'm not freaking out, I'm patiently waiting for lower prices.
285.
Post 2681761 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.
Is there ANY reasons why coins today should be worth 6-fold more than in January?
Of course not.
286.
Post 2683606 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
It does look like the price is going up a bit.
Perhaps I'll have to wait for my $20 Bitcoins and ride the bumps in the road until this crash plays out in full.
287.
Post 2688925 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
Laying on the beach with a cocktail watching how this wall at 80 gets eaten, could become a nice day
I don't see that happening.
I thought the sucker rally was over.
288.
Post 2689709 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
It looks like a few people have been dumping over the last few minutes.
289.
Post 2691184 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
So much for the 60's today..
The day's not over yet. Then again there's always tomorrow...
290.
Post 2691392 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
Big news for Germany!Die vielen Monate der Vorbereitung scheinen sich gelohnt zu haben... Denn: wir durften endlich den Vertrag mit unserem Bank-Partner unterschreiben! :-) Voraussichtlich am Mittwoch Nachmittag dürfen wir erzählen wer unser Bankpartner werden wird. Erfreuliche Neuigkeiten: es wird nun wohl doch KEINE Handelspause für unsere ausländischen Kunden geben. Weitere Infos zur Kooperation kommen am Mittwoch im Laufe des Tages!
https://www.bitcoin.de/deThey teamed up with a German bank and will announce the name of that bank tomorrow. Contract is signed now.
I guess they turn into a full blown exchange soon instead of their current state as "Bitcoin eBay".
Bitcoin Central is coming back soon as well.
291.
Post 2691419 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
Actually surprised the wall at 75 lasted that long. If anyone had any doubts on which direction the market is going, that should have ended it.
Looks like it - heading down.
So we now have the previous bid wall owner who has lots of Bitcoin he probably doesn't want to keep too long.
292.
Post 2691626 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
It seems like the big money is slowly moving over to Bitstamp now that they know their fiat is safe there.
Does Bitstamp have a FINCEN stamp of approval?
LOL
293.
Post 2692148 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
this is absolutely insane what i'm watching here
he just swallowed 750 coins and now put up the 8k wall again at 76
edit: it's almost like he's taunting that 80 wall showing he can eat it
Looks like he will have to eat it if he wants it.
294.
Post 2693980 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
Potato Technical Analysis
TM.
Now you're talking. This is bearish right ?
295.
Post 2697573 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
Big dump - down
296.
Post 2697708 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.09h):
I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77
Of course it did, there's almost no bid volume down to 75.5 right now.
Good luck selling anything near current price if you want to dump.
297.
Post 2715065 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
I dumped mine at $99, currently waiting for lower prices.
298.
Post 2715276 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
Hello 1k ask at 96.
Are we having the reverse manipulation now?
No
299.
Post 2717115 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
But after this week I'm not sure we will see 60~70 ever again.
LOL, I've heard that a few times before.
300.
Post 2721108 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
Just a warning:
15 minutes ago I received an email from Mt. Gox with a requested password recovery link. Thing is, I didnt request this.
I now tried to log into my account with my old pw and it doesnt work.
I have 2-step turned on on gox AND my email account and nobody has access to my email account anyway.
This is at least strange and I just wanted to send this out as a warning.
It was the same at my acc.
This is the IP:67.165.253.176.
Luckily I have 2FA too and the support told me that there has been no withdrawal today, but I am not able to login the next 24h.
Was/is your username a real word or a word with a number on the end / beginning - something that might appear in a long list of usernames ?
301.
Post 2721181 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
Just a warning:
15 minutes ago I received an email from Mt. Gox with a requested password recovery link. Thing is, I didnt request this.
I now tried to log into my account with my old pw and it doesnt work.
I have 2-step turned on on gox AND my email account and nobody has access to my email account anyway.
This is at least strange and I just wanted to send this out as a warning.
Same on my account, wtf is going on?
Someone's probably trying a mass hack with a large list of usernames and default / commonly used passwords.
I've come across this before on different systems and it can lock out lots of legitimate usernames.
Something I do is use a long random username and password. It would be impossible to guess my usernames based on a dictionary attack.
I also use 2 Factor auth which is a 100% must on any Crypto related site.
One other thing - never use the same username / password on more than one site.
302.
Post 2721337 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
13:37 in London, people buy.
LOL, look at the depth on the bid side. We'll be back in the 80's before we know it.
303.
Post 2721361 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
13:37 in London, people buy.
LOL, look at the depth on the bid side. We'll be back in the 80's before we know it.
I looked at the depth on the bid side all the way from 64 to 100, there was no depth during this run.
When the bids arrive the sells will soon follow.
304.
Post 2721429 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
13:37 in London, people buy.
LOL, look at the depth on the bid side. We'll be back in the 80's before we know it.
I looked at the depth on the bid side all the way from 64 to 100, there was no depth during this run.
When the bids arrive the sells will soon follow.
so no bid side is a bullish sign?
Absolutely not. I view it as an attempt to attract bids at a higher amount so someone can make his exit at a higher price.
It doesn't appear to be working so well.
When the bids fill there will be dumps.
305.
Post 2727807 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.10h):
it's just me or the canldes on clarkmoody are often the wrong color?
The Clark Moody site sucks lately.
306.
Post 2753688 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
This is more like it.
I got so bored with all the small movements lately I hardly came to this forum for the last few days.
As with most 'boring periods' in BTC I have been playing with some of the alts.
307.
Post 2754518 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Where are my $20 Bitcoins ?
308.
Post 2758017 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Does this look like it will revisit triple digits anytime soon to you?
Looks like there's a long way to fall to me.
309.
Post 2758025 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
ok.... noob here....
why this difference in rate Bitstamp vs MtGox ??
Right now Bitstamp shows the future price of MtGox.
310.
Post 2763904 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
The bids on $80 have massively reduced since yesterday.
311.
Post 2764755 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
USD wires working again like a charm.
Bounty to: 18KcLRpwrzmjkumE7Xpqk2NV2oZbL6QsHT
-EP
You can all secure your dirty fiat profits with no fear whatsoever
Let the selling begin
312.
Post 2776171 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
I don't understand. Which down? Sideways down?
Zoom out to D3.
I can see a clear pattern on that D3 chart.
Each high is lower than the previous and it looks like we just had a new lower high of around $104 on our long journey towards the bottom.
313.
Post 2776607 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Hype is dying, interest is dying, people are leaving. Such is the long, drawn out process of deflating a bubble.
It's visible in all indicators, USD leaving the market, google trends, your node stats, r/bitcoin, even bitcointalk.
All signs point down
314.
Post 2781288 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
You guys gonna buy the $92 wall or not?
Not buying with that big RSI divergence.
If it corrects at all like the last one, it is going to be ugly.
I'm ready
315.
Post 2781617 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
If someone really wants to buy lots of BTC before a certain financial crysis hits (Portugal, Ireland, whatever), then it might be possible
we'll see a pump-up to 95-100, but not more, because the sellers are desperate to unload their BTC above 100.
OTOH if we look at past charts, it seems likely to have a major drop from 90 to 75, then a small rebound to 80, and another drop to 65-70,
where the buying intentions are still very strong (for now). This major drop may happen even after a pump-up to 95-100, if the
expected financial crysis doesn't become news. Because then we might see BTC up to 200+. This suspense is starting to annoy me...
It won't make any difference to Bitcoin if 'Portugal, Ireland or whatever' as you put it go bust tomorrow.
These are tiny bankrupt countries where the people have no money due to their economy being broken for years now.
316.
Post 2781620 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
You guys gonna buy the $92 wall or not?
Not buying with that big RSI divergence.
If it corrects at all like the last one, it is going to be ugly.
I'm ready
Everyone seems to be "ready". This could mean it wont happen. The market likes to surprise everyone
I'm ready for that too
317.
Post 2790445 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Any business intentionally or knowingly offering services to US citizens is subject to laws there. Period.
Is it your arbitrary opinion?
This is how US Authorities can and did explain shutting down of an offshore business e.g Poker sites operating out of its borders but serving US citizens.
No they weren't operating from out of the US, they were trying to be sharky by operating from within the US and hosting the site somewhere else.
There's a shitstorm on the horizon and it's about to hit.
Now the SEC have 'come out' as investigating this and quoting this forum in their filings I'm pretty sure they will also go after the operators of other Bitcoin related security exchanges who offer securities for sale to US residents. It doesn't matter if they're fraudulent of now.
For example I've seen investment documents (Billion+ dollar funds) in the past from companies outside the US and US citizens who are not 'accredited investors' are specifically prohibited from participating. This is due to the SEC laws.
They will be coming for the GLBSE operator and anyone else who sells shares to US citizens.
This is bearish on all fronts.
318.
Post 2790698 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
What do you mean by "business itself is in US"? What part of US was Liberty Reserve in?
Proably the US did something illegal. The USA has no jurisdiction outside of its own territory and US laws only apply within its own borders.
LOL, try telling that to Viktor Bout
A Russian who was entrapped by the FBI in Thailand and suddenly he finds himself in prison in the USA.
http://en.wikipedia.org/wiki/Viktor_Bout http://www.victorbout.com/Currently doing 25 years in NY.
319.
Post 2790762 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
US laws can apply wherever the US decides they will (barring constitutional restriction). What they may not have is the ability to enforce those laws depending on treaties and extradition agreements. And you'd better be careful about setting foot on American soil ever again.
c.f.
http://en.wikipedia.org/wiki/United_States_v._ElcomSoft_and_SklyarovI wasn't aware of the ElcomSoft / Dmitry Sklyarov case - interesting stuff. They're a well known software company in the 'computer forensics' industry.
320.
Post 2797335 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
big guy reloading for massive drop
thats what i think
If Bitcoin is going to grow, it needs many users, the current rate of adoption looks like market saturation.
The whales know this so I believe we will see a huge sustained drop to encourage new investors followed by a new upswing.
That's what I think - we need to go back to February and do it all over again.
321.
Post 2805229 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Bye bye double digits
Single digits on the way
?
322.
Post 2805330 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Wow - could this make all those ASICs defunct and useless ?
I wonder how it will perform.
323.
Post 2809785 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.
LOL, there's no momentum at all right now.
324.
Post 2810036 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.11h):
Im scared to be in fiat right now
lol
Every time 96 wall gets nibbled on, it gets reinforced.
You'll be glad you've got that fiat when the price goes into the 60's and lower over the next few weeks.
325.
Post 2854513 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.12h):
I'll just leave this here:
We do appear to be at the 'return to normal' stage - however this is Bitcoin.
I have some Bitcoin but still have plenty of USD on hand to buy more should the price start to move in either direction.
326.
Post 2866262 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.12h):
2880 at 105..see if it sticks
And 70 BTC between that wall and 104. Why would someone put a buy at 105 for 2800 when they could at 104?
That is clear manipulation...
LOL, some people are just pricks.
327.
Post 2869521 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.12h):
Yes. Lots of good news, but significant gaps, like no mention of how the FinCen MSB registration process is going, or why accounts with several banks are not up and running. Do all their banks have the same trick of hanging onto deposits for 7-10 days??
A wire transfer can be 'recalled' and reversed under certain circumstances. I tried looking for information on this subject but it's hard to find. I know they can definitely be reversed.
I suspect this 7 day waiting period is a condition of doing business and processing wires for MtGox.
As they say in the press release they have been burned in the past and it's probably down to people sending wires to MtGox from hacked online bank accounts. The sending bank will need to refund the customer and they will do anything they can to 'recall' the wire.
Mitigating fraud is a good thing.
Edit : I found this link on the subject of wire recalls :
http://wellsfargobankfinalfailure.blogspot.com/2008/07/bankings-final-failure-recall-of-wire.htmlWires used to be a 100% guaranteed payment, it seems that since a few years ago this is not the case and it's up to the banks.
328.
Post 2871635 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.12h):
Market indicators do not suggest right now an imminent drop, on the contrary, if the current trend
continues we will soon be above the sub-wave of August 2nd. The only way I see possible right now
to go down is by a massive whale dump, something like ~20k BTC down to 99.
I wouldn't rule it out but a this stage I suspect the price will continue to rise for a while before it falls to new lows.
329.
Post 2926044 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
both in financing illegal enterprises and in undermining financial institutions
It begins....
330.
Post 2962470 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
So it's a run on Gox then ...
I wouldn't be so sure about that.
The very jittery all 'did a runner' from MtGox when the Dwolla incident happened.
331.
Post 2967890 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
Right now I'm all BTC, off exchange locked away.
Holding for the moment.
332.
Post 2970500 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated.
But a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox."
There are 14 million on the bid side, a seizure of 2.9 billion should not leave gox insolvent.
Agreed. Plus, those are mostly their customer's funds, right?
MagicalTux stated today that MtGox made much more in fees than the seized amount in the last few months.
[06:47] <@MagicalTux> I could comment on the fact that our income since April is around 8 million USD
[06:48] <@MagicalTux> (anyone seeing trading volume can compute that one)
It looks to me like information is being released in an attempt to deliberately damage MtGox and in turn the Bitcoin markets.
The other exchanges don't matter so much at this stage - 'they' are going after MtGox first.
333.
Post 2970645 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
Where does he say that's more than was seized?
How much was seized in the Wells Fargo account? If 2.9 Million was seized from dwolla, i would expect at least a similiar balance in the WF account (if not more).
Also, how much have they spent on legal defense? 8 mil goes pretty quick when your fighting international terrorism charges.
This question doesn't make sense. $2.9 Million was seized - they made $8 Million recently.
There are no international terrorism charges - you pulled that straight out of your ass.
334.
Post 2971580 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
Well, the one that took us here was a nice +
BTC1k dump
Already back up to $120.47 with bid depth building.
335.
Post 2979103 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?
Do you really think that it can't fall to $30 or lower ? Have you learned nothing over the past few months ?
Just because it's going up right now doesn't mean it won't come crashing down at some point over the next few months - in fact I expect it to go much lower than most people anticipate - it just looks like it's not going to happen yet.
I'm happy to ride the price movements both up and down.
336.
Post 2979268 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.13h):
I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?
Why so much anger ?
Perhaps he actually listened to these people and sold it all at $65?
LOL, if that's the case he listened too little and acted far too late.
337.
Post 2980323 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.
Right up until someone decides to buy the wall on $125, then I suspect it's going to go crazy for a while.
338.
Post 2983302 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Mmmmm, I can taste that downward momentum.
I suspect the downward momentum is forced and only caused by someone who wants his coins cheaper.
339.
Post 2983310 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Bear tantrum lol.
There is definitely a lot of downward pressure compared to the norm, but also a lot more upward pressure.
I wouldnt be surprised to see a 5k buy.
Me neither - I think this is a last ditch attempt to buy a load more cheap coin before we break through $125.
Just a hunch.
340.
Post 2983440 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
I wouldnt be surprised to see a 5k buy.
If my math is correct (it is not easy to do it with regard to 3 exchanges while using no software for it, just eyeballing) such a buy should not happen before price dives to 106 - 105.
But a guy who has cash for a single 5k buy surely has better math than me.
Disclaimer: I am not telling 125 is the top, neither am telling the price will dive to 106 -105.
Well, I mean, we've had the price recede from ~125 a couple of times now, and every time some large buy has taken everything leading up to the once 6k 125 wall. Nothing says it cant happen again. Now, 5k exactly? IDK.
Regardless, the walls have been pulled and unsurprisingly belonged to a single party.
It looks to me like someone's accumulating everything within a $5 range below each higher high since the 19th.
If we see $118/$119 I suspect it will shoot back up into the $123-$125 range again.
341.
Post 2990127 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
I sold my BTC, nice profit. All USD right now.
342.
Post 2992332 (copy this link) (by samson) (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.
343.
Post 3004395 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
That's some good charting right there.
344.
Post 3014706 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Remember the askwall at 80 a few weeks ago, could be gone in a second. It's Bitcoin after all.
It could also double in size and dip way down for another round of profit taking.
I'm prepared for both possible moves.
345.
Post 3016870 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Isn't there a second Bitcoin Foundation meeting today ?
346.
Post 3016904 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Isn't there a second Bitcoin Foundation meeting today ?
Yes, with congressmen.
That's what I thought, I would expect a statement at some point after the second meeting.
347.
Post 3017627 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Lift-off commencing!
This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127.
The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price.
Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.
348.
Post 3017739 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Lift-off commencing!
This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127.
The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price.
Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.
Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130.
It looks like a stalemate situation for now then.
I know I'm not buying anything at this price.
349.
Post 3017828 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Lift-off commencing!
This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127.
The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price.
Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.
Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130.
It looks like a stalemate situation for now then.
I know I'm not buying anything at this price.
this is what is making me nervous too about the price. I love bitcoin but this is clearly manipulation of the price and has been for some time now.
I suppose those of you with the balls to take the risk do deserve the reward
The price on BTCe is $114.59
350.
Post 3017938 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Could it be ... gosh .. end of the world ... someone who wanted 10K coins?
Not a chance.
351.
Post 3043005 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Friday and 24hr volume is under 6,000. This cannot be good. What is going to happen when all the fiat finally leaves Gox? Pretty clear no one is interested in keeping the same amounts of fiat on the second largest exchange, bitstamp. Just look at the laughable depth, compared to Gox.
The only thing driving the price up in last month are paranoid whales who can't get money out fast enough via traditional wire, so they buy btc. LOL that not healthy uptrend at all.
I think we in for a mega-ultra crash to single digits once fiat dries up.
I hope so, I have plenty of fiat waiting for that scenario.
352.
Post 3043759 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
^What rock have you been hiding under?
Avalon transferred the returns for all the batch 3 customers yesterday...this is yesterdays news.
Doesn't matter. Lots of btc going to be cashed out
Especially at these prices
353.
Post 3043782 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
This is quite a move for the Friday before a holiday (US) weekend.
354.
Post 3043846 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Ask sum has gone from 80k to 40k in 4days. 4 more days and we are at 0 and the prices goes to infinity?
LOL, at a certain point there will be so few asks that the only way will be down.
355.
Post 3043878 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
normally lower asks = less resistance = rocket to moon. This is only partially true. Now however, bitcoin and fiat leaving gox. Will be an odd situation when there is no bitcoin to buy because no one wants fiat on gox, and suckers who didn't buy sooner can't get fiat off Gox because no bitcoin to buy there.
This is epic hilarious. fuck gox.
It will come back to MtGox in due course when the world doesn't end.
356.
Post 3043942 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
normally lower asks = less resistance = rocket to moon. This is only partially true. Now however, bitcoin and fiat leaving gox. Will be an odd situation when there is no bitcoin to buy because no one wants fiat on gox, and suckers who didn't buy sooner can't get fiat off Gox because no bitcoin to buy there.
This is epic hilarious. fuck gox.
It will come back to MtGox in due course when the world doesn't end.
not coming back to gox when they finally admit insolvency
So if they admit they are insolvent you will start using them again ?
357.
Post 3044228 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
358.
Post 3048070 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
How can this woman predict natural disasters ? What a load of crap.
359.
Post 3049037 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
Then it will be interesting to see what happens the next 2 months.
You better pray volume doesn't pick up. That simply means fiat leaving the system faster.
please explain how a BUY of bitcoins is "fiat leaving". If it's indeed capital flight from gox in the form of bitcoins, those have to be SOLD in order for fiat to leave the bitcoin system.
Of course it's not fiat leaving, the fiat merely gets transferred to another MtGox account.
360.
Post 3063375 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.14h):
I am getting worried about gox, i still have cash on gox are it worth to buy bitcoin and transfer it to another exange now ?
I know i am late .
Why are you so worried about Gox ? If you want out of Gox I wouldn't suggest you do it by buying and selling Bitcoin until the price difference narrows. I've noticed in the past that when the value crashes down on Gox the difference between Gox and other exchanges often narrows considerably.
Do you have a large amount like 100's of thousands of dollars on there ?
Look at all those bids - there will be USD to back them all up. That's a lot of money. There's more than $13 Million dollars sitting on the order book in the bids right now.
I have about $57k sitting on there at the moment . My money like a lot of other peoples money isn't in a bid so it's not included in the above $13 Million figure.
361.
Post 3073228 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
Complicating risky territory of under 50k ask sum is USA's war w/ syria. Not clear if and what that will do to the price. What is certain, is USA will strike.
Syria
362.
Post 3082386 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
I am from the future!!!!!!!!!!!
It's not single digits yet
363.
Post 3092822 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
The ppl selling will be like 'oh shit I cant withdraw, I gotta buy again LULZ'
No doubt, but I suspect people will wait until the price is right to buy.
For a lot of people (me included) there is no urgency to buy and I don't need to withdraw any fiat. Not now, not ever.
It's Bitcoin money as far as I'm concerned and probably will be for years to come.
364.
Post 3104212 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
Just wire the funds in USD and trade in USD.
365.
Post 3115476 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
Took some profits at $123 on Bit - jeezus it's choppy around here
funny, people always tell us about their profits but never about their losses :p
Okay then, within a few seconds of me selling at $129 that whale bought his 5000BTC and then walled off the bid side at $135, just as if he'd been waiting for me to do that. (do whales have spy cameras everywhere?). Then I ended up buying in a few cents above his wall, compounding my mistake.
Fortunately, as I've said before, because I only have a few BTC this is annoying, not a disaster and I will make it back again. Had I been trading a few thousand BTC I'd be flipping out about that right now! However, I think I can survive losing 0.15BTC, the lesson is worth the price.
Oh well, mistakes are there to be learnt from
I purchased some Bitcoin (only 34) at $128 then tried to withdraw them from MtGox.
Bitcoin withrawals were broken on MtGox at the time, they weren't working. A couple of people reported this in the #mtgox IRC support channel.
Then the 'whale' buy came in pusing up the price by some $8
Shortly after someone bought those 5000 Bitcoin the withdrawals started working again on MtGox.
Is Gox the whale ?
366.
Post 3116562 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
Bitstamp just had a dump. Things getting interesting.
Someone just sold 2000, which isn't huge, but it crashed things down to 115..
Now Bitstamp is offline
367.
Post 3122534 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.15h):
If you offer a stop loss would you not simply put the coins for sale at the stop loss? How can they end up not being sold then?
Example:
1. imagine you have 10k BTC
2. set stop loss @ $130
=> there is not buyer who can buy your coins
The only way you could do it would be to have the script / engine monitor the bid depth and dump accordingly and in advance as the price falls.
If someone else dumps a large amount of Bitcoin - something like 5-10K moving the price straight past your stop loss trigger point then you would be out of luck and could end up missing your sell point by a large amount due to the low liquidity and huge swings in this market.
368.
Post 3264831 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.16h):
I reckon the price will break through $150 in the next 24 hours. Just a hunch.
369.
Post 3267761 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.16h):
how about going with the simplest and most plausible explanation.
some people have money stuck on gox, have to pay some bills and were not able to get a large wire out, thus they bought btc on gox, sent it to bitstamp and are dumping so they have some cash to pay their bills. Or to pay a bill/invoice from a merchant that uses bitstamp or one of the party payment providers that use bitstamp
LOL, the people fleeing from MtGox because they're about to 'go bankrupt' sold their BTC and left months ago.
370.
Post 3268076 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.16h):
Why would they have waited so much weeks?
It might be an explanation but only for a very small part ...
Many people have waited many weeks while mtgox filled their ears with the siren song of "only two more weeks"
TMSome of these people finally cracked and bailed out to get what they can get in fiat.
You seeem to be assuming that people who have USD in MtGox right now only want fiat.
Why is that ? I would think most people who have invested in crypto currency will keep their investment either in crypto currencies or on an exchange in order to buy cheaper currencies when prices fall.
I know this is the case for me. I withdrew 20-30k USD a few months ago but the rest is staying on exchanges in fiat or in coins of one form or another.
I'm not scrambling to withdraw it from anywhere. Not now, not ever.
371.
Post 3268082 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.16h):
how about going with the simplest and most plausible explanation.
some people have money stuck on gox, have to pay some bills and were not able to get a large wire out, thus they bought btc on gox, sent it to bitstamp and are dumping so they have some cash to pay their bills. Or to pay a bill/invoice from a merchant that uses bitstamp or one of the party payment providers that use bitstamp
LOL, the people fleeing from MtGox because they're about to 'go bankrupt' sold their BTC and left months ago.
i never referred to those people, i said people who had money on gox who needed to pay their end of month invoices.... while not mutually exclusive they are also not the same...
This situation has been ongoing for multiple months now.
372.
Post 3269740 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.16h):
Hmm, if $140 falls, does the selling stop, or some minor panic begin? This price drop seems to have a lot more momentum than the previous falls thru $140.
It hasn't fallen through $140, not yet anyway.
I suspect it will fall low enough to make the asks fill in the $140-$143 range before a whale buys it right up to whatever price he deems enough.
373.
Post 3273400 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.16h):
Why is camp BX so low, its uber ez to fill with USD...
exactly. and when gox finally resumes speedy withdrawals, you can expect a turbo crash. Only reason ppl buy btc these days is to get fiat off gox. THE ONLY REASON.
No it's not.
374.
Post 3332581 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
too many buys too fast. this will end in sadness.
Buy now or be left behind...
I suspect part of the problem will turn out to be that most people have already bought in at much lower than the current price.
375.
Post 3332627 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
too many buys too fast. this will end in sadness.
Buy now or be left behind...
I suspect part of the problem will turn out to be that most people have already bought in at much lower than the current price.
Why is that a problem?
I wonder how many people have USD left on Gox to buy coins at the current price.
If it goes past $152 the asks start to really thin out which is when I suspect the dumping will start, if not before.
376.
Post 3332790 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
http://imgur.com/jgwRMJoThis rally is being led by CHINA... Forget US exchanges. The rules have now changed. Bitcoin will see a paradigm shift as China leads for the next few months since US regulators are creating a pain in the ass for US exchanges.
Only when we see $250 (my guess is by december), and the media starts talking about Bitcoin reaching new highs again, will US regulators capitulate and finally make it easy for americans to buy BTC.
Once we hit $1,000 -- average americans will be calling their investment advisors asking how to invest in bitcoin. Wall street will pile in.
The move from $1,000 to $100,000 will happen faster then $10 to $1,000
go china!!!
LOL, if it gets to $180 any time soon I suspect it will 'do a 180'
377.
Post 3332926 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
if china sees BTC as a way to transfer currency with little gov't scrutiny Or control we will may see the moon Sooner then I thought
and it looks to me like it is the ask depth in CNY that is pulling the us exchanges up.. time to think like a bull
I do wonder how much money is paid in bribes in China each month and if Bitcoin could be used as a way to get around the Chinese government attempts to crack down on corruption.
378.
Post 3341789 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Anyone seen already that China's biggest search engine Baidu just started to accept BTC payments?
https://bitcointalk.org/index.php?topic=310962Might be another good reason for the recent rally -- and for more rallies in the future
Yes, this is interesting.
I know they're a search engine but do they sell anything other than advertising ?
379.
Post 3342918 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
i'm buying feathercoins
!!!?
!!!!??!??!!!!??!?!??!!!!!
Having a small amount in a few alts is not that bad. I hold a bit of xpm just cuz cpu coin. Like ltc is my gpu coin.
No interest in feathercoin for me however.
Bitcoin represents like 97% of the market cap of all crypto. Therefore for most, you save time by approximating the others to be zero (and not buy them). It takes skill to effectively play the altcoins. Personally I don't want to invest my time for such a small payoff.
I was also able to triple the amount of BTC I was holding due to these alts. That's 100's of BTC profit for a simple buy and hold on a couple of currencies which were not 'obvious scams'.
The cheaper it is the more capacity it has to double up again and again and still be cheap.
380.
Post 3343199 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Bitcoin represents like 97% of the market cap of all crypto. Therefore for most, you save time by approximating the others to be zero (and not buy them). It takes skill to effectively play the altcoins. Personally I don't want to invest my time for such a small payoff.
I bought over 500,000 ltc at an average price close to 1 cent. You might think my gain was small but i dont.
There is some kind of skill involved, which I don't have.
Investing 3% of my cryptostash to alts, would in my case most probably lead to same returns but diminished control. Even if it goes up 10 times relative to btc, it will just increase my total wealth to 0.03*10+0.97 = 1.27 (+27%). This is almost insignificant. So in a sense, I think your gain was small
I prefer to keep things simple. That is why I bought bitcoins only after the 2011 bubble, giving it ample time to turn out being a hoax. Granted I paid 10x more than some, but also made the groundwork for successful long-term holding.
27% of your overall investment is not insignificant no matter which way you look at it, especially when you would be risking only 3%.
381.
Post 3343595 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
We will have 5 of them in
Finland next month. The first will be in a premier location in the heart of the capital city.
These are interesting devices but I can't help feeling at least a few of them will be stolen for the money inside them as they're not very big and probably don't weigh enough to prevent people picking them up and running off with them.
382.
Post 3343649 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
that seems irrational. They could just fill it with weights if that was a serious issue.
It's too small - even if all the spare space inside it is filled with some kind of solid metal it still looks like it would be easy enough to pick it up and run off with it.
383.
Post 3343658 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
We will have 5 of them in
Finland next month. The first will be in a premier location in the heart of the capital city.
These are interesting devices but I can't help feeling at least a few of them will be stolen for the money inside them as they're not very big and probably don't weigh enough to prevent people picking them up and running off with them.
They are indoor and wall bolted.
It's interesting that that's the biggest detail you pulled from that.
Not that they are are international money transfer certified and will be and have partners placing them in 7 countries?
Don't get me wrong I think they're great devices, it's a good thing they will be bolted down.
384.
Post 3344223 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Why are the alts crashing when BTC is rallying?
alt = scam
A lot of people used to say the same thing about Bitcoin, plenty still do.
It's especially funny when a Bitcoin supporter uses the same arguments against an ALT which were once used against Bitcoin itself.
385.
Post 3348049 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
When this puppy hits $169 we'll be at $2 billion market cap.
Wouldn't $169 on Gox as 'market cap' be even less meaningful than before due to Gox's premium existing due only to choked fiat?
It's meaningless anyway
386.
Post 3355713 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
387.
Post 3357837 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
388.
Post 3357910 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
OK, that is starting to make my spidey senses tingle. Something is afoot.
FOX Business @FoxBusiness 3m #JPMorgan denies new capital controls on accounts. From Emac's Bottom Line:
http://fxn.ws/H0jmQl $JPM
They deny it but also confirm the story. Some types of bank accounts will be limited.
HSBC too, I wonder who's next ?
JPMorgan gave the same reason as HSBC, to minimise risk.
Lets see if HSBC, one of the largest banks in the world also introduce the same change on their customers accounts outside the US.
After all the recent news about the NSA overreach I wouldn't be surprised if it's some kind of secret American court order behind this.
389.
Post 3357930 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Good find..
Something is very odd here
UHCU start this on October 19
HSBC make the change on October 20
390.
Post 3357946 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
391.
Post 3358041 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
There are now four identified examples of this: two major national banks restricting the availability of international wires, and a small state bank and a credit union eliminating them altogether.
I wonder if it will it only affect US accounts at the major international banks who have announced this change so far ?
392.
Post 3359089 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
I can send same day wires to most of the world.
sent two wires today, took about 45 min at the bank... god i love btc...
time is money....
Yep i went to the bank also to do a wire this morning. I had to leave the coins, my keys and my mobile !! on a lock out of the security scanner door. Go the the back of queue and wait for half an hour. When it was my turn, the guy told me that due to reducing costs I should do that kind of transactions on the ATM outside in the street.
When will these dinousaurs extinct?
sent two wires today, took about 45 min at the bank... god i love btc...
time is money....
Yep i went to the bank also to do a wire this morning. I had to leave the coins, my keys and my mobile !! on a lock out of the security scanner door. Go the the back of queue and wait for half an hour. When it was my turn, the guy told me that due to reducing costs I should do that kind of transactions on the ATM outside in the street.
When will these dinousaurs extinct?
Most people are able to send a wire online in less than 3 minutes. Sounds like you need a better bank.
Yes, takes me a couple of minutes on the bank's website to send to a recipient who's already setup on my account.
If I do an international wire early in the afternoon they send it the same day and I know one guy who I pay on a regular basis often receives his payments the day I send them.
Of course this isn't a US bank we're talking about.
If I send a payment to another UK bank account it arrives in their account instantly using their 'faster payments' method.
393.
Post 3359092 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Yep i went to the bank also to do a wire this morning. I had to leave the coins, my keys and my mobile !! on a lock out of the security scanner door. Go the the back of queue and wait for half an hour. When it was my turn, the guy told me that due to reducing costs I should do that kind of transactions on the ATM outside in the street.
When will these dinousaurs extinct?
You can't take coins into your bank ?
Coins are money right...
394.
Post 3361731 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
30d high and the day has just begun. Nice !
Less than 4000 BTC to go above the $166 high since the April crash.
395.
Post 3362222 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
We're one whale buy away from breaking the post crash $166.xx high.
When that happens I suspect there will be a frenzy.
396.
Post 3364596 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Doesn't look like a bubble to me:
It might turn into one.
397.
Post 3364764 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
398.
Post 3368462 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
399.
Post 3369164 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
No coins have been moving in or out of Gox due to their Bitcoin nodes being offline
They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.
Some snippets from IRC - lots of crap between these comments has been removed but you can see what's happening :
[21:52] <@MagicalTux> [23:51:41] <samfisher> so MagicalTux, what about my withdrawal request? <- all our bitcoin nodes were taken down due to an error with our hosting provider, some of the servers will be taken back up soon
[21:53] <@MagicalTux> soon = within a few dozen minutes
[22:31] <@MagicalTux> re-downloading missing part of blockchain
[22:31] <@MagicalTux> new txs will appear as blockchain updates
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can
[22:34] <samson_> How far behind is it ?
[22:47] <@MagicalTux> right now: "blocks" : 217510,
So a lot of coins will hit gox in a very short period of time today when it eventually catches up.
400.
Post 3369349 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
They should also have several fallbacks. They already generate and sign the transactions with their own code, so they just need to broadcast it. Any client can do that.
These alternate implementations do things like separate the blockchain management from the network communication from the wallet.
It means you can do things set up clustering on the various pieces for better performance and load balancing.
You know, grown-up software stuff.
I understand that. I'm just saying that all they need is the network communication code to be able to broadcast the withdrawal transactions, and they should have redundancy in their setup in case a bug is triggered in one client or a server goes down. Also, I doubt they are using bitcoin-qt... I'm not sure where kazu got that from.
If they aren't using Bitcoin-QT/Bitcoind, they wouldn't need to download the entire blockchain just to sign a transaction ~.~
I keep two constantly live copies of the blockchain on the PC's in my little office.
401.
Post 3369416 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
That is a good example of a possible fallback they could implement, as I suggested.
Yes. I'm curious, though, how they manage to do that with an extended downtime on their node. Do they route all incoming deposits directly to cold storage or do they route incoming deposits to the hot wallet and only move some of it to cold storage when it gets too big?
They don't do anything as the deposits don't get processed until the blocks arrive.
402.
Post 3369496 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Panic buy or panic sell? Make your choice
I sold already, I'm just waiting and watching right now.
403.
Post 3369675 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
hilarious panic dumpers every two days there's a correction.
into stronger hands..
They wait till
after there's an 8% drop, and then dump..
Are you new or something ? The price can fall far lower than it has so far.
I generally consider that 10k BTC can be bought or dumped at any point in time with zero notice.
A 10k dump right now would take us down to $155
404.
Post 3369783 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
hilarious panic dumpers every two days there's a correction.
into stronger hands..
They wait till
after there's an 8% drop, and then dump..
Are you new or something ? The price can fall far lower than it has so far.
I generally consider that 10k BTC can be bought or dumped at any point in time with zero notice.
A 10k dump right now would take us down to $155
and?
or?
elseif
lol
Who are these guys laughing? One looks like Karpeles the psychofat
Larry David and Jeff Garlin from the TV program Curb Your Enthusiasm.
405.
Post 3370165 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Status update? What is happening here? You can't move btc to gox or out?
I would guess that it is all synced up by now.
Not sure, my larger order from yesterday still hasn't shown up on the blockchain, let along my wallet. All the little 0.1btc tests I did went through within minutes yesterday, just not the important bigger one... yet... at least.
I did a test withdrawal of 1.5 BTC and it worked a couple of hours ago.
It took a while (1 hour maybe) to show up on the blockchain though.
406.
Post 3370189 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
So several days worth of coins might hit Gox any minute now? BWAHAHAHAHAHA. Epic crash impending.
Steep climb up on almost no volume without ask side replenishing. lordy, the next crash gonna be epic.
Another warning sign of impending crash.
too many buys too fast. this will end in sadness.
woa... we gonna crash hard. Single digits bros. get ready.
And those are just a few taken from your post history of this month, there are many more from last month saying the exact same thing.
At least he's consistent since he swapped over from megabull to bear mode. One day he will probably be right.
407.
Post 3370194 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.17h):
Status update? What is happening here? You can't move btc to gox or out?
I would guess that it is all synced up by now.
Not sure, my larger order from yesterday still hasn't shown up on the blockchain, let along my wallet. All the little 0.1btc tests I did went through within minutes yesterday, just not the important bigger one... yet... at least.
I did a test withdrawal of 1.5 BTC and it worked a couple of hours ago.
It took a while (1 hour maybe) to show up on the blockchain though.
Mine has been 18 hours thus far, wonder how long this shall last...
That's not right - I'd contact support if I were you.
408.
Post 3373175 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
what does this show? change in the order book over time?
Yes, or in this case very little change to the order book over time.
409.
Post 3373697 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
From Spanish Bank online page today:
15K € limitation /transfer
30K € limitation /day
haircut is coming as recommended by IMF in their last PDF "Taxing Times" from October 13th
http://www.imf.org/external/pubs/ft/fm/2013/02/pdf/fm1302.pdf(page 49 that by the way it's title is "Taxing our way out of - or into - trouble?")
Check in the next days in your bank, you might find similar news maybe?
Is this limited to a specific type of account or international transfers only ?
For example are you not allowed to transfer 300,000 Euro to purchase a house or business ?
Somehow I suspect it may be tied to certain kinds of individual accounts.
I'd still like to know more details about this.
410.
Post 3374268 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
I don't know if you were thinking about this but lets assume that governments are really going to cut 10% out of everyone account money. Then what will probably happen, when they will do this with mtgox accounts? Are they going to cut your money stored there too?
Gox's main account in in Japan so the answer is no for most of us.
I also suspect they won't go after business accounts in the same way as individuals as it would probably bankrupt entire industries.
411.
Post 3376692 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
I'm waiting for a big correction down to much lower levels.
412.
Post 3376762 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.
This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish
Remembering of course that 'millions of dollars' were flowing into Gox on a daily basis at the end of March / beginning of April.
I really doubt there's much USD flowing in right now.
I'm firmly in USD at the moment.
413.
Post 3376849 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.
This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish
Remembering of course that 'millions of dollars' were flowing into Gox on a daily basis at the end of March / beginning of April.
I really doubt there's much USD flowing in right now.
I'm firmly in USD at the moment.
so sorry 4 u. gox is not btc. usa is not btc. broaden your horizons and take adv. of any dip you see.
That's what I'm doing now - waiting for the next big dip as someone cashes in.
414.
Post 3376888 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.
This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish
Remembering of course that 'millions of dollars' were flowing into Gox on a daily basis at the end of March / beginning of April.
I really doubt there's much USD flowing in right now.
I'm firmly in USD at the moment.
so sorry 4 u. gox is not btc. usa is not btc. broaden your horizons and take adv. of any dip you see.
That's what I'm doing now - waiting for the next big dip as someone cashes in.
Good luck with that. Maybe you'll be able to catch the dip around CNY 1500...
It doesn't matter - when it crashes hard I will buy if there's lots of asks and bids at the time.
If there's not enough depth in each direction then I'll just sit and wait. I'm no no rush whatsoever.
415.
Post 3378414 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
If there's not enough depth in each direction then I'll just sit and wait. I'm no no rush whatsoever.
You have been invested quite long. Has this strategy paid off, compared to simple buy&hold?
Yes it has.
Lets take a look at the ask depth :
8,000 BTC takes the price to $201 - Could be done - not so hard either at the current price point
16,000 BTC takes the price to $248 - The kind of people who went long at $240 and above in April will be buying here
20,000 BTC takes the price to $280 - LOL
23,000 BTC takes the price to $500+ - LOL
Unless there's a long period of consolidation where bids and asks are filled either side of the spread it will crash.
416.
Post 3378472 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
After the crash happens everyone will be talking about how unexpected it was.
The writing is on the wall.
417.
Post 3379355 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Do you think 'we' can make it to $250 today ?
The quicker the better I guess
418.
Post 3379397 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Do you think 'we' can make it to $250 today ?
The quicker the better I guess
Nope $205-210 maybe max, then it's consolidation time until China goes berserk again.
I notice how the Chinese exchange price is now $10 lower than MtGox
419.
Post 3380398 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Only ~200k of the 1.5m USD bid wall left, where did it go?
Whale got bored of waiting, gonna just buy for best price.
He must be sitting there all day, sweating with the "confirm/OK" button on Gox. Are you sure you want to buy 6,500 bitcoins for $1.3M?
lol.
Maybe he's waiting for the crash.
420.
Post 3380515 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Only ~200k of the 1.5m USD bid wall left, where did it go?
Whale got bored of waiting, gonna just buy for best price.
He must be sitting there all day, sweating with the "confirm/OK" button on Gox. Are you sure you want to buy 6,500 bitcoins for $1.3M?
lol.
Maybe he's waiting for the crash.
Well if that was his goal, he's an idiot. Because his bidwalls prevented a crash... now theyre gone and the bids are much healthier without him.
BTW, if and when 200 falls, what will the next resistance be?
Infinity ?
Billionaires will be falling over themselves trying to buy a single coin for all their net worth
421.
Post 3380767 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Digital Currency
Virtual reality may exist only in science fiction, but consumers now are able to purchase goods and services with virtual money such as Bitcoin, PP Coin and other digital currencies.
http://www.dfi.wa.gov/consumers/topscams.htm buy PPC?
LOL
Here's the virtual currency part in full from the page for those who can't be bothered to click :
Virtual reality may exist only in science fiction, but consumers now are able to purchase goods and services with virtual money such as Bitcoin, PP Coin and other digital currencies. Unlike traditional coinage, these alternatives typically are not backed by tangible assets, are not issued by a governmental authority and are subject to little or no regulation. The value of Bitcoins and other digital currencies is highly volatile and the concept behind the currency is difficult to understand even for sophisticated financial experts given the complicated mathematical algorithms that determine when new blocks of coins will be released. This environment has provided fertile ground for scam artists to capitalize on the increasing popularity and acceptance of digital currencies. Investors should be aware that investments that incorporate abstract money systems present very real risks, including the possibility of virtual reality leaving an investor virtually broke.
422.
Post 3386891 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Wooo hoooo - only 20k BTC until $300
This is completely sustainable
423.
Post 3390393 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
It is my impression that Google Trends is a lagging indicator for the price, not a leading one
That's right
424.
Post 3390657 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
No way can this pump last if no new incoming fiat. Soon as it's gone, IT'S GONE AND WE DIVEEEEEEEEEEEEEEEEE.
For every Bitcoin bought on MtGox one is sold and that money stays in MtGox waiting to be used again.
I suspect the USD from coins being sold now will be used to buy cheaper coins after the 'correction'.
The Chinese pumper could be buying his own coins over and over gain to inflate the price. With a reasonable chunk of coins this could be done after initially selling only some of them.
425.
Post 3401186 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Excellent, this correction is damn healthy. The longer it hovers around 200, the better.
I agree entirely.
Nobody in their right mind would sell another 5000-10000 BTC right now - they need to wait for the bids to fill in first.
I believe I said it earlier but he who dumps first wins. That 10k dump earlier was a real winner !
426.
Post 3401401 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.18h):
Bitstamp: 187
Mtgox: 205.49
This is crashing !
But they told me it was going to go up, up and away - straight to infinity, what gives ?
427.
Post 3436183 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
This price rise is clearly sustainable and will continue for the rest of time
428.
Post 3436317 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
This price rise is clearly sustainable and will continue for the rest of time
You bearish? Somebody give me some bearish analysis. I want to be a bear so bad... I want to see prices in the $130s... Seriously.
I just see the price being bought up with little selling and no real reason behind it.
It can't continue for too long as people do like to take profit and then it will start to go down.
I'd like to see a new ATH before a big dip. I guess we'll know in a few days.
To me this is obvious manipulation as nobody really needs to buy 1000's of Bitcoin at this price when it will surely come down if they just wait. It's painting the tape.
If the bid depth was high enough the buyers would be selling already.
Selling about $300,000 worth of Bitcoin right now (1500 BTC) reduces the current bid price by $10 devaluing all Bitcoin by about $120 Million
429.
Post 3438167 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
Where are all the 'chumps' who buy at the ATH+ going to come from ?
430.
Post 3438228 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
you can buy like 100 mBTC for merely 20$
you'll be a millionaire in 2016!
just change BTC to mBTC and it will feel like 2009 all over again
Ah - people starting to talk about mBTC, I remember this last time around - the end is nigh
Nobody's ever going to use mBTC - it's a stupid idea.
As Keiser said on RT today - Bitcoin will become an 'Asset class investment'.
I don't think it will be the currency that's used to buy coffee. I suspect other crypto currencies will fill that role.
431.
Post 3438364 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
I sold my BTC, nice profit. All USD right now.
oh thats got to suck... when you going to buy back in? now or the ATH?
LOL, I've bought back in and sold a few of times since then, that was months ago.
I'll leave further buying until after the ATH when it crashes again.
432.
Post 3438553 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
You email the support department and tell them that now you're verified please increase your limit up to whatever you want.
For regular verification this is 1000 BTC withdrawal per day or $10k per day / $50k per month total in imaginary wire transfers which take a long time (if ever) to be processed.
433.
Post 3446168 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
this mini crash was good, now we level up??
Not even a micro crash yet. This is boring.
Come on bitcoin, CRASH! You know you want to.
LOL, what goes up must come down.
434.
Post 3446338 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
Bulls are getting brazen up in here. I just want to see a reversal now so it wipes some of the smugness off these faces.
Considering BTC increases have been at orders of magnitude, I don't think there's anything brazen or smug about expecting 200 to hold up.
This is what everyone was saying in the few days prior to April 10th this year.
up, uP, UP
435.
Post 3446612 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
Is it up, uP, UP from here?
At this stage in the game nobody will listen to anything apart from up, uP, UP.
This will change soon enough.
I think half of them are trying to talk the price up and the other half are just blindly following the rest.
436.
Post 3448398 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
And turns out yesterday was actually bigger than post silk road.
We might be going down/sidways over the next few days... but next week will be ridiculous.
It takes 2 to 4 weeks for a newcomer to learn about bitcoin, set up a Verified account and wire funds.
IMO the recent good news, press coverage and anticipation of new money is already reflected in the price.
So you expect selling to equal the anticipated new money?
Rather most participants are long(when the forum is full of 'to the moon' posts) anticipating newcomers to continue the price ascension. Buying now means paying a premium anticipating the new cash inflow, the proportion of incoming funds is the real question here. I doubt it will be a mass hysteria and buying spree like April. That's why it is usually wiser to sell on the news.
Careful now, you'll be branded a troll by some big Bitcoin holders in here if you don't believe in up,uP,UP
437.
Post 3450240 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
438.
Post 3452208 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
whats up with the volume on mtgox? I'm really new to the scene, but just last week mtgox had like 35000 coins on the volume ticker, now its at 6000
what does this mean ? majority are buying?
I'm sure we'll find out soon enough. It won't be long now.
439.
Post 3452783 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.19h):
Time to close this thread and open a generic wall thread?
I suspect there will be a MtGox wall thread as long as there's an MtGox with walls.
440.
Post 3481470 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.20h):
CN¥1400 wall is showing a lot of psychological resolve. Once that's down, it's clear sailing.
up, uP, UP
441.
Post 3497875 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.20h):
$300 by the end of the week !
442.
Post 3498917 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.20h):
So how about that huge 10k wall? Some whale is desperate to get more cheap coins while he can so he has killed ATH momentum.
Thats very bullish indeed, but man, you already have 10k, greed is no good.
I was thinking selling some coins i purchased this weekend to get a litte profit, but now i will not sell any satoshi to this whale
Maybe he is merely waiting for the bids to fill in before dumping that 10K.
Then he will wait for the asks to fill in before buying them all up.
2k to 12k buy right now takes price to $273
12k sell right now takes the price to $220
Not much of a balance there
443.
Post 3498959 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.20h):
Maybe he is merely waiting for the bids to fill in before dumping that 10K.
Then he will wait for the asks to fill in before buying them all up.
Yeah. Selling low, buying high => path to success.
When the asks fill in after the selling frenzy he would be buying lower in the huge cavern of empty order book left by his dump and those who followed.
444.
Post 3507916 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
There's only two days with as much price range as we have now that I can find on the charts.
April 9th and today. $50+ upwards price movement within a 24 hour window.
up, uP, UP
445.
Post 3507927 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
With all probability 266 has become a floor.
WTF ?
446.
Post 3507976 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
How did all these Chinese get all their money into MtGox ?
447.
Post 3508252 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
I really wonder when this madness is going to stop, at this rate it's a matter of hours to 400 USD/BTC.
I'm all for insane rallies, but this environment gives you very little trading fun, buy and hold is the only winner here.
Of course the price can only go up or 'stop' ?
If someone buys 10k BTC the price would be taken to $450
Is someone sells 10k BTC the price would be taken to $251
If someone buys or sells 10k BTC others will be inspired to sell no matter what direction the market moves in.
448.
Post 3510718 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
Gox always finds a way to derail the biggest rallies.
This is true - the crashes of April would not have went anywhere near so low if the MtGox trading engine didn't lag behind for up to an hour when it was really busy - when a few whales dumped their coins.
When this finally crashes if it stays above $100 or even $150 as the new bottom then it will be quite an improvement over April.
449.
Post 3510727 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
Somebody is trolling...
[16:37:47] <chaang-noi> is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue. The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue
who run out of what now?
lol
The entire world, collectively, is now getting gox'd.
FUD. Tried it for myself. Withdrawl from gox took less then a minute.
I'm still waiting for a withdrawal from last night, it's a real problem. It's just not affecting ALL withdrawals, only ones mixed with the newly minted coins.
Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.
lol
450.
Post 3510741 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
So if you have a BTC withdrawal that can't be processed for days what will you do if everyone starts dumping massive amounts of coin ?
You can't cancel a withdrawal can you ?
451.
Post 3511679 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
fell for the last bear shakeout and lost .6 btc. hanging in through this one. i've learned after 8 months in this game.
Did you notice the recent high of:
324.20?
I missed it. Too busy watching that IBM Finance Exec video on bitcoin.
Where can this video be watched ?
452.
Post 3524180 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
Once the chinese wake up the value will start to rise again. 3 hours from now...
LOL
453.
Post 3524276 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
It's about that time of day for Gox to start seeing some larger market buys.
Really, is that what normally happens on a Friday night ? Since when ?
454.
Post 3524364 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
sum_bid: 20,138,146 USD | sum_ask: 15,058 BTC | ratio:
1,337.35 USD/BTC
LOL, I wouldn't be surprised if someone's running a 'bot' maintaining that figure.
455.
Post 3524663 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
Even if we have a huge crash this weekend it's still not going to go below the previous ath (266?). That's amazing. imho anything below $300 is a bargain.
This is excellent news thanks for reporting it.
456.
Post 3524832 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.21h):
How many people plan on buying more Bitcoin with fresh money next week when the banks open again assuming the price stays above $300 ?
I have a feeeling that this is a time when how much you make all depends on how greedy you are.
The most greedy won't necessarily be the ones who end up with the most.
457.
Post 3531410 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Shopify is effectively acting as an exchange. Are they FINCEN compliant? If not, only a matter of time before they get shut down.
*edit*
and bitpay was also acting as an exchange, which is probably related to their recent shutting down.
Bitpay shut down ?
It seems to be working ok for me
458.
Post 3531426 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Shopify is effectively acting as an exchange. Are they FINCEN compliant? If not, only a matter of time before they get shut down.
*edit*
and bitpay was also acting as an exchange, which is probably related to their recent shutting down.
Bitpay shut down ?
In the process of doing so, within 4 weeks. Lots of posts about this. Bitpay is silent on the matter. But im sure eventually it will come out they were acting as an exchange without registering.
READ THE FUCKING FINCEN GUIDENCE DOC! You cannot avoid being an "exchange" simply by calling yourself a payment processor. lololol
Interesting news - got any links ?
459.
Post 3533355 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Very strong... much more deposit $$$ coming to the exchanges
Any sources on amounts of new USD arriving at exchanges or is it purely speculative ?
460.
Post 3533776 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Very strong... much more deposit $$$ coming to the exchanges
Any sources on amounts of new USD arriving at exchanges or is it purely speculative ?
Sorry, I thought I was in the Speculation sub-forum.
I imagine there's no where you could get data like that.
... the NSA.
I remember back in March / April when MtGox would talk about how much was being deposited into their accounts.
461.
Post 3534009 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Just wait till Monday.. we showed we could bust through the ATH and move onward. Very strong... much more deposit $$$ coming to the exchanges, and indirectly to be continually scoop'd up via the "Trust" (bitcoin that can be bought, but not sold... not for a while).
Now once that EFT finally gets here... Pre-1k era of speculating is over.
Will be interesting to see if the etf becomes the price leader as it will be the quickest and easiest way to move usd into bitcoin exposure.
This ETF, when is it going to be approved ? Any day now ? Or in a few years ?
462.
Post 3535215 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
'The Chinese', what happened to 'The Chinese' ?
They woke up.
463.
Post 3535267 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Looks like we bounced, for now.
Yes, lucky that. Someone sold about 8000 BTC down to $344 then bought the price right back up to $368 by purchasing a few hundred off the market.
I wonder if they're now waiting for suckers to place bids before dumping again.
464.
Post 3535328 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.
I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain
The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain.
LOL, WTF
Is that you rpietila ?
465.
Post 3535335 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Looks like we bounced, for now.
Yes, lucky that. Someone sold about 8000 BTC down to $344 then bought the price right back up to $368 by purchasing a few hundred off the market.
I wonder if they're now waiting for suckers to place bids before dumping again.
Where do you see the coins coming from the same source if you do not mind me asking?
I'm using rtbtc.com you can see the sells and buys as they happen.
466.
Post 3535389 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Looks like we bounced, for now.
Yes, lucky that. Someone sold about 8000 BTC down to $344 then bought the price right back up to $368 by purchasing a few hundred off the market.
I wonder if they're now waiting for suckers to place bids before dumping again.
Where do you see the coins coming from the same source if you do not mind me asking?
I'm using rtbtc.com you can see the sells and buys as they happen.
How does when and how much tell you who?
It doesn't tell me who but I don't need to know who exactly to see what's going on.
People sell some and wait for bids to fill in - it looks like a correction after all. Could be one person could be 5 or 6 people, the method is the same.
467.
Post 3535432 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin
An absolute bottom of $100-$150 this time around after the $50 absolute bottom in April is very good growth and considering we left the old ATH way behind it can only be good for the long term.
Remember pure undiluted greed is driving these market movements. Nothing is done without the single goal to maximise profit. A sudden increase like this happens for a reason - somebody with a lot of USD decided to pump the price. When his targets are reached he will liquidate and wait to do it again and again.
None of these large movements are a community driven effort - it's a sustained pump designed to inflate the price to new highs and it's working. It will get media attention and inspire people to check out Bitcoin. But cold hard cash is the motivating factor here.
468.
Post 3535480 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Or... it could be the trust? And a bunch of newcomers, which is clear from the forums, google trends, and also China?
--
I sure as hell hope it doesnt crash now, needs to go up over $400 before a crash can spike down hard enough for nice profits.
+1 breaking $400+ would be a good place to begin a large scale multi month correction before repeating and returning to new highs knowing that $400 has already been done once so can be done gain.
469.
Post 3535507 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
up, uP, UP. it's fully sustainable
470.
Post 3535547 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.
I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain
The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain.
LOL, WTF
Is that you rpietila ?
If we crash all the way down to our previous ath of 266 I'll still consider anything under 300 a bargain. I said post april crash that anything under 200 was a bargain. But you're the expert. Lap it it.
Shall we have a bet? gox to go below 300 tomorrow? I don't think it will
I'll 1-up this. If a single Bitcoin trade on gox even touches its previous all time high $266, any time this entire week, I'll double your bet.
Appreciate it but I doubt the chattering classes will actually put their money where their mouth is
Well samson did put the money where his mouth is at least. He sold everything at $120, then regretted and bought back at a loss somewhere towards 200, then he sold it all again around $200. Now he is all in fiat and not buying back before it crashes below that.
Personally I'd say below $200 is pretty long shot at this point, but this is bitcoin, anything could happen.
lol what kind of dumb trader is this?
LOL sucker
That's pure speculation - nobody knows what prices I bought back in at and when I sold, how many times I repeated it and how much profit I made on my trades apart from me.
Also Nemesis - I remember your antics in the past as you posted them in this forum.
From what I remember Nemesis was bragging about buying his own walls last time around and calling everyone a sucker for beliving the volume as real. I suspect there's a lot of this going on as it's relatively cheap to take out a 1000+ BTC wall which you own - just the fees.
Are you pumping and dumping again right now ?
471.
Post 3535659 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Nemesis bragging about buying his own walls. Remember people what happens on the markets and what's said here isn't necessarily the same thing :
The fact that none of you idiots can see the manipulation is hilarious.
I guess greed did blind you.
All of you sounded so happy and gave each other a hug then shouted " WALL WAS BOUGHT DOWN, not PULLED"
Guess what? i did buy out my own walls . How much did it cost me? a merely 0.6%. What did it gain for me? a damn bull trap. (not just once)
Enjoy.
Original post by Nemesis :
https://bitcointalk.org/index.php?topic=85687.msg1662008#msg1662008Most of what's posted here is fake and some of the people here are truly ruthless.
Still think it's 'The Chinese' ?
472.
Post 3535679 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
It's pure manipulation. Read the forum history, there's a lot to read but you can pinpoint certain people on this forum who pop up just before ATH's and pump the price to the max then dump relentlessly. Then patiently wait to do it again.
473.
Post 3535743 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Buyers are starting to appear...
Or course they are - asks are very thin so you can rise the price quite a lot on thin volume.
Sell 1000's and bring the price right back up again for a small amount of cash - just a few 100 BTC sometimes.
Then wait - more suckers will come with their bids. Then dump again. This is how it happens.
474.
Post 3535757 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Well that was weird. Looks like it was a one-hit-wonder by the bears, though, we're on our way back up again.
Place your bids now, maybe you will get lucky.
475.
Post 3535770 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
476.
Post 3535774 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Fuck yes. Went long at ~$281 avg , sold at $320. Quickest $ ever.
Why didn't you sell at a much higher price ?
Oh yes, it was going to the moon.....
477.
Post 3535799 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
China is waking up and when they see the price so low they might start selling like crazy. The bear could have made a timing mistake.
I'd say he timed it right if he sold and is looking for cheap coins.
Inspiring anyone to sell like crazy is done to buy much cheaper.
478.
Post 3536185 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
*just got back home.
OMG i want to buy so badly and i place bids but they only show as pending
anyone know whats up with cavirtex?
It is acting up for me too.
ya its like that for everyone.
pending.
hope the fix this like NOW
Maybe they're overloaded - reminds me of Gox.
Gox may be crappy but the other exchanges will have a lot of catching up to do.
479.
Post 3538777 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
I'll give you $290, even though it rebounded. I don't think we'll see $1xx on Mt. Gox again, ever.
Just like people said they won't see <150 in April?
The funniest prediction I remember was rpietila saying it would never go below $100 again.
Within less than 24 hours of this prediction the price hit around $90. I'm still not convinced it wasn't him who sold it down to this level.
Trust nobody !
480.
Post 3539246 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%).
How can you lower something from 0.5 to 2.5 ?
481.
Post 3540089 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
This is starting to look familiar...
482.
Post 3540111 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
I thought this was consolidation, but it's starting to look like the first day of the April crash, in which case we'll hit about 120 in 3 days.
I'd guess $120-$150.
So long as it stays above $100/$110 that's a huge advance over the April post crash low so things will still be looking good in the long term.
483.
Post 3540265 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
LOL, it's time to wake up. US West coast should be waking up soon.
484.
Post 3540369 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
I don't understand the psychology of some people...they panic sell even when there is not even 1 single bad new in press. I understanded the panic sell after ddos attacks or end of silk road, here it is just speculation in its pureness, right?..Bitcoin must change these pure speculators to long time believers in cryptocurrency and they have to learn actually use the bitcoin as a currency, not just as get rich quick scheme. Until than....we are not even close to going mainstream.
However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?
What makes you think it's a panic ?
485.
Post 3540373 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Bitstamp at $266. Will it hold for the third time in 20 hours?
The Bitstamp price is quite irrelevant.
486.
Post 3540409 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Bitstamp at $266. Will it hold for the third time in 20 hours?
If Gox even matters any more, then the answer to that question is yes.
Looking at the order book on Bitstamp I really doubt it will hold. If someone sells 150 BTC the price is $265.xx
487.
Post 3541332 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
488.
Post 3541412 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
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.
This dip is just building base camp above previous ATH.
Yup, triple bottom. Bullish as hell, 500 here we come.
489.
Post 3550241 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Banking holiday in USA for Veterans Day 11/11
This makes no difference at all. Any wires sent last Friday or Thursday will arrive as normal today.
It just means that new wires won't be sent today so any effect won't be seen until later - like tomorrow or Wednesday.
490.
Post 3550355 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
I don't understand why MtGox don't update their systems already. They've been talking about it for months now.
New servers, new software capable of hundreds of thousands of transactions per second.
Roll it out !
491.
Post 3552467 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.22h):
Just talked to karpeles via personal cell. He says buy orders are working fine but sells are not. Not exactly sure what the problem is, but has determined this is a new kind of ddos. Should be resolved by end of the month.
Can people withdraw BTC from Gox ? I know BTC withdrawals were not working yesterday.
492.
Post 3571413 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
Thai characters on keyboard, you in Thailand ?
493.
Post 3574989 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
It worries me the talk of an impending crash is waning.
Don't worry - the higher it goes the faster and harder it will fall.
I don't care what the uber bulls think - this happened before and it will happen again, it's only a matter of when.
494.
Post 3575055 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
It worries me the talk of an impending crash is waning.
Don't worry - the higher it goes the faster and harder it will fall.
I don't care what the uber bulls think - this happened before and it will happen again, it's only a matter of when.
When? It will crash from $100k to more reasonable $40k. Happy waiting.
Aha - more crazy talk. This is more like it.
When people start talking about completely unrealistic expectations we know it's coming soon.
495.
Post 3575093 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
It worries me the talk of an impending crash is waning.
Don't worry - the higher it goes the faster and harder it will fall.
I don't care what the uber bulls think - this happened before and it will happen again, it's only a matter of when.
change the record. you attacked me when i said anything below 300 was a bargain just days ago. We're never going to hit 266 or 300 again. Get over it. A 'crash' now would be 350-380
That would be a correction, you've obviously never seen a crash. An example of a crash was $266 to $50 in a very short time scale.
I have a feeling you're going to learn a lot in the near future. You can apply this knowledge in future crashes unless you get locked in at the higher price.
A crash can be very very lucrative for your holdings if you sell at the right time and then buy back 2-4 or more times the number of BTC as the price proceeds to continue lower.
I doubled up from about 500 to 1000 BTC earlier this year in such a scenario in a couple of days. Two trades : 1 sell followed by 1 buy.
496.
Post 3575104 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
We saw a 30$ dip on Gox earlier. If a crash was underway it would have happened then. We quickly recovered though, so I dont think we'll see another 20-25% dip till we'll be kissing 500$.
Again this would merely be a correction. When a crash happens you will know about it as everyone will be running around asking how this could possibly happen.
It can and will happen. Maybe not now but it will happen.
497.
Post 3575121 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
We saw a 30$ dip on Gox earlier. If a crash was underway it would have happened then. We quickly recovered though, so I dont think we'll see another 20-25% dip till we'll be kissing 500$.
Again this would merely be a correction. When a crash happens you will know about it as everyone will be running around asking hos this could possibly happen.
It can and will happen. Maybe not now but it will happen.
Oh noez, dis tyme iz diffwent!
LOL, it is different this time. It will crash harder and faster than ever before.
498.
Post 3575144 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
It worries me the talk of an impending crash is waning.
Don't worry - the higher it goes the faster and harder it will fall.
I don't care what the uber bulls think - this happened before and it will happen again, it's only a matter of when.
When? It will crash from $100k to more reasonable $40k. Happy waiting.
Aha - more crazy talk. This is more like it.
When people start talking about completely unrealistic expectations we know it's coming soon.
We all have different trading strategies. My definition of crazy is hoping for something that may never happen. Someone is probably still waiting for a dip below $20. Same as waiting for a crash below $200 or waiting for a price over $100k. Both are unrealistic crazy talk.
Under $200 is not in any way unrealistic. Don't underestimate the power of greed.
The people making it crash will be selling tens of thousands of Bitcoin and they will buy it all back (and a lot more) at much lower prices over an extended period of time.
499.
Post 3575305 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.23h):
kicking off now,
btc-e break 400
china breaks 2600 and ATH about 2630?
bitstamp breaks 400
I'd really love to see a 50%+ week on week rise until the day it stops
500.
Post 3616888 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
LOL, I can't help feeling someone's playing the market in a big way here.
When they press the reset button they will end up with all the money.
501.
Post 3616908 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
Too many WTF moments over the past month and a half, been reading all over this forum and reddit, come to the conclusion nobody knows wtf is happening, China just voracious, consuming it all.
China
502.
Post 3616913 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
The crash from the eventual high is going to be epic.
503.
Post 3616949 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
The crash from the eventual high is going to be epic.
LOL, some of the people here will still be holding their BTC when they look like the guy in the bottom half of that picture.
Bitcoin : You really can take it with you when you die.
504.
Post 3616996 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
Too many players are in now. China is ENORMOUS! Don't fool yourselves. There's simply no turning back. Buy now or miss your last chance...
Says the man with the large sell order just above the current ATH....
505.
Post 3617094 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
Somebody is "hiding" a ~2000BTC ask at around $3300 on Gox's order book. Not sure what they're trying to communicate since most people won't ever look up there.
I noticed this too.
Order book balancing ?
Without that 2000 BTC there would be less than 10k left for sale on MtGox at any price.
506.
Post 3617199 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
BTC China has only about 1700 left in the asks.
The end is nigh
507.
Post 3617327 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
508.
Post 3617471 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
no one saw the coin shortage coming! ~ too funny!
/\700 club here we go!!!
People will just stop buying if there's none for sale at a reasonable rate whatever that may be.
509.
Post 3621350 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
550 tryng to hold... if not.. sub 500 coins???
The idea of sub-500 coins horrifies me. Who could have ever thought we would descend so low?
That's the confirmation I've been waiting for.
How do you feel about sub $100 coins ?
510.
Post 3621462 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
550 tryng to hold... if not.. sub 500 coins???
The idea of sub-500 coins horrifies me. Who could have ever thought we would descend so low?
That's the confirmation I've been waiting for.
How do you feel about sub $100 coins ?
I think he was joking.
samson has something against me. We were above 500 in the most reliable exchange (Bitstamp) for only 3 hours. So how could I be serious?
I'm not really against you, I just got up from sleeping and checked the MtGox price which was $610+. I proceeded to make a coffee and when I returned to my screen the price was ~$530
I came here and the first thing I see is your post. I do have fond memories of your 'never going below $100 again' post though.
511.
Post 3621878 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th.
It will be interesting to see how this affects the market when it happens.
512.
Post 3622071 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th.
Considering the current bid depth and daily volume, dumping 60k coins at once may drop the price to almost 0, but meanwhile you could dump it carefully for couple of days without affecting the price much.
For someone has 60k coins (that's more than $30M now), I doubt he will choose to dump at once and lose half of his wealth.
Guess you're new here
Last weekends dip was about 60k dumped and it crashed the price to... where it was 3 days before. No one knows where the hell this is going but in terms of volume on the exchanges and panic buying we're at about $120 on the April rise.
I mean sell it to the wall immediately, as the most extreme case, but yes I admit no one will do something like that.
Large scale dumping tends to happen in stages.
For example someone dumps about 4000 BTC like we just saw.
The price will then quickly recover on low volume and everyone runs around congratulating themselves and patting each other on the back because they were strong and for 'holding' their coins instead of selling.
The wealthy guy just made a shit load of money off the back of those who didn't sell.
As soon as the bids fill in it happens again.
This is if one person is dumping. If another whale is watching (and they will be) it will be a race to see who holds out the longest before dumping.
As far as I'm concerned this is how a mass dumping event happens. All it takes is one or two to play the dumping game at the same time then others join in. Before you know it there's a free for all and everyone who's actively trading dumps their coins, exchanges get overloaded and the price bounces around like a ball bouncing down a stairway.
513.
Post 3623728 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.24h):
Thx. Back to bed then
= borringggg ! *wake me up when we bump to
/\13OO+ mm k?
A dump of 1000 BTC as bids filled in and we're down to $585
514.
Post 3632858 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.25h):
up, uP, UP
515.
Post 3632938 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.25h):
I just got an SMS alarm and saw red all over the screen. Might I ask please what happened after the
hearing ended, please.
Gox launched to $900 and just finished crashing back down again... bottomed about $630
I wonder where the second bottom will be after the second wave of sells after the bids fill in
516.
Post 3633201 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.25h):
we're back up to 818??? wowowow
Well this is excellent news.
Does this mean the price can never again go below $800 ?
517.
Post 3633253 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.25h):
we're back up to 818??? wowowow
Well this is excellent news.
Does this mean the price can never again go below $800 ?
800 is cheap,,,, when within a month we're gonna trade above $1k,
Not me, I'm out of this crazy market at least for a few months.
518.
Post 3633638 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.25h):
lookat it this way ppl who heard about btc recently are still in the queue for banks transfer.
Other who bought recently already stored their coins.
Exchanges are gonna run dry soon.
When they run dry what do you think will happen ?
I guess people will either stop buying or people will sell.
While I'm replying to you, I seem to remember back in April that you said you dumped a massive amount of coins and was going to buy it back up to the previous level (the old reduce the price on high sell volume and increase it on low volume trick) but MtGox froze the market for a cooling off period before you had the chance to rebuy on low volume and inflate the price again.
Are you still manipulating the market to such levels with your huge amounts of Bitcoin ?
519.
Post 3651103 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.26h):
At this rate of decline, we'll reach $300 (BTC-E) today
$200 by tomorrow, how low will it go ?
I thought we were going up, uP, UP ?
Why aren't we on the moon yet
The Chinese, The Chinese !
LOL
520.
Post 3689150 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.28h):
cool chart but the other possibility is it tops off here into another linear regression?
No, it can only go up, uP, UP
521.
Post 4092209 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.45h):
We will go below the long-term exponential trend, which is now at $450, and spend a long time there.
Although the trend rises fast (double every 99 days), I have a full conviction that we will go below $500 again, likely $400, unlikely $300.
I love it when you make bold predictions.
522.
Post 4092337 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.45h):
We will go below the long-term exponential trend, which is now at $450, and spend a long time there.
Although the trend rises fast (double every 99 days), I have a full conviction that we will go below $500 again, likely $400, unlikely $300.
I love it when you make bold predictions.
If you think it goes below 300, I am willing to bet
I have no idea where the price is going but I fondly remember the time when you predicted the price would never go below $100 again. That was about 24 hours before the price dived below $100 on heavy volume.
Gambling on the results of my gambling in the markets would be way too crazy for me
523.
Post 4153288 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.46h):
I really hope the bears keep holding their fiat. $300 is right around the corner right? hold your fiat for the longest time
Just another trap, 300$ is the fair price. China is out, bitcoin is finished.
You can't be serious...
Only up, Up, UP - silence all dissenters
524.
Post 4158853 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.47h):
It's turning into a self congratulatory circle jerk in this thread.
Even if you just bought and held Bitcoin since it was $200 or less I'd like to point out that you could have made a lot more by purchasing certain alt coins and holding them back when BTC was < $200.
Much much more, in fact orders of magnitude more and these markets are only getting started at the moment.
That is all.
up, uP, UP
525.
Post 4159535 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.47h):
Random question, have any of you guys traded with BTC-E?
ya i buy FTC there
I buy BTC with LTC there...
I keep some fiat there, I use it as a kind of bank account.
526.
Post 4188777 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.48h):
Well someone pulled the trigger. I'm glad I dumped my remaining BTC yesterday.
527.
Post 4189984 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.48h):
Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that
New lows in the next 2 weeks IMO and months before we see $1000 again
Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING
Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough'
There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges.
LOL
528.
Post 4206308 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.48h):
It'll be interesting to see how much pure hype can propel a fad.
It'll be interesting to see what happens when one of these altcoins collapses utterly and what kind of domino effect it will have and how far up the chain it will go.
LOL, are you trying to infer an altcoin has never 'collapsed' before ?
529.
Post 4209953 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.48h):
again, his only advantage is being an early adopter
He wasn't an early adopter.
530.
Post 4261362 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.49h):
Ok to stay on topic I have some goxbux and I decided not to buy until it drops to sub 700 or it goes over 1300 anyone feels the same?
Not really, I will either buy on a large drop or withdraw to my bank.
531.
Post 4314956 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.50h):
Mtgox Buy Wall @ $910 is magnificent! I salute you, wall!
So we have people encouraging each other not to sell and now 'saluting' an obvious manipulative wall which will keep the price higher for a while.
532.
Post 4315384 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.50h):
dis be a bull market. Gonna watch it go through 1k all over again. Once stamp is over 1k I don't think we'll ever see sub 1k prices again. (Please quote me! I'm quite up for admitting it if this turns out to be untrue!)
533.
Post 4351196 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.52h):
Could Gox ever be shut down for malicious practices, and in the process locking all customer funds indefinitely? I'm just wondering since they haven't paid anyone since july. And because I want to work the arbitrage with my euros, but the risk of my funds getting locked up in that shit really deters me.
As the value of BTC rises the risk of someone suing Mt Gox and shutting it down in Japan rises.
It doesnt make any sense to hire Japanese lawyers if Mt Gox owes you $2000. It is a no brainer if Mt Gox owes you $20 million and isn't paying.
What I want to know is why MtGox don't just write a old fashioned check ?
Or they could get bank drafts / cashiers checks and FedEx them.
There are other ways of sending money than wire transfers and it doesn't need to be electronic.
534.
Post 4420401 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.54h):
The whole China thing was a complete load of horseshit from the beginning to the end.
535.
Post 4493615 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.55h):
I see that GHash.IO have mined 6 out of the last 9 blocks between 280349 and 280357
Is that near this 51% everyone's been talking about ?
536.
Post 4529075 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.55h):
537.
Post 4529230 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.55h):
BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.
Maybe it will affect the Russians who use it ?
538.
Post 4569470 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.56h):
You think this is good news ?
According to Richard Asquith, head of tax at investment advisers TMF Global, the reclassification of bitcoin to a private currency would mean owners would not be liable for capital gains tax, and although VAT would still apply, it would only be incurred when trading on an exchange, not when buying goods.
VAT (known as sales tax in some countries) in the UK is 20% at the moment, if it's charged on exchange transactions that means a 20% price premium to those who are not VAT registered businesses.
539.
Post 4569548 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.56h):
VAT (known as sales tax in some countries) in the UK is 20% at the moment, if it's charged on exchange transactions that means a 20% price premium to those who are not VAT registered businesses.
Wow, that would mean even more inflated prices than Emptygox.
With 20% of every purchase will going directly to the government.
540.
Post 4570358 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.56h):
You think this is good news ?
According to Richard Asquith, head of tax at investment advisers TMF Global, the reclassification of bitcoin to a private currency would mean owners would not be liable for capital gains tax, and although VAT would still apply, it would only be incurred when trading on an exchange, not when buying goods.
VAT (known as sales tax in some countries) in the UK is 20% at the moment, if it's charged on exchange transactions that means a 20% price premium to those who are not VAT registered businesses.
no capital gains tax is very good.
vat in germany is not an issue, since you also pay no vat when buying gold or dollars. but when you pay stuff with btc, you still have to pay the vat that is on the item. using btc will not prevent you from paying vat for the item itself. i doubt it very much thatthere will be vat on btc itself. there was much confusion about this topic in germany also, but it is all clear now: no extra vat on btc purchases. i bet this will be the same in the uk. don´t spread FUD.
It's not FUD, this comes from HMRC. Look it up.
541.
Post 4690782 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.58h):
There's always 2 things to watch for when a new merchant jumps on the bandwagon:
1. Are they using a 3rd party processor?
2. Are they advertising it on their homepage? Now the Tigerdirect.com one is absolutely huge. But is Tigerdirect.com get less traffic than Overstock? But if you don't take the time to understand the refund policies, you may just stick with credit card if you're not interested in BTC.
www.tigerdirect.com is down for me right now.
542.
Post 4691001 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.58h):
It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
That's clearly sustainable
543.
Post 4705532 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.58h):
I´ve just read that google is also thinking about bitcoin as payment method. But its not official.
Google are not thinking about using Bitcoin as a payment method, they're just looking at it.
http://thenextweb.com/google/2014/01/23/despite-claims-reddit-suggesting-otherwise-google-says-current-plans-regarding-bitcoin/Tell Google what you want regarding Bitcoin here, 1000's of others already have :
https://www.google.com/moderator/#16/e=20e106
544.
Post 4706777 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.58h):
They don't want to incorporate btc because they are workng on their own version of it - they recently applied for a patent which failed. Think about it, google copy every good idea, they have unlimited funds and googlecoin fits into their world domination ethos perfectly.
I'd definitely buy some Googlecoin if it wasn't pegged to a fiat value, however I think that would be unlikely.
545.
Post 4753541 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.
You can't withdraw BTC from MtGox at the moment, it's broken.
546.
Post 4753747 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.
You can't withdraw BTC from MtGox at the moment, it's broken.
Bullshit. Withdrawal made 2 minutes ago:
https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLgI did several withdrawals, here's the first one I tried :
Just over 1 hour ago txid : 5bd711d500bb7aeb53e897e13a9a1768688afa46ebd51bf40e866f4a7cb05b22
Not on blockchain
I wonder if it's something to do with the amount of Bitcoin, I withdrew 10 BTC on my first test and 11 on my second test.
Neither have been sent.
547.
Post 4753805 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.
You can't withdraw BTC from MtGox at the moment, it's broken.
Bullshit. Withdrawal made 2 minutes ago:
https://blockchain.info/address/15WYt7RanygXEXB3UpBJiC2n8vyYzf9jLgWaiting now 50 minutes, withdrawal of 100BTC, transaction is still not in the blockchain...
I heard there were issues with the withdrawals lately in IRC which is why I only made a couple of smaller tests, I'm waiting to move the rest but I won't do it until it's fixed.
FYI, here's a couple of links about withdraw problems at MtGox which have been going on for about a week now :
http://thegoxreport.com/Transactions which haven't been processed :
http://skanner.net/MtGox/mtgox_tx.phpThey are not updated instantly and I believe they work off the MtGox feed of unprocessed transactions which is itself at least 2 hours behind.
548.
Post 4753933 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
Guys, Gox was "going under" six months ago, and six months before that.
Guess what? They're still here.
Yes they are but now you can only withdraw tiny amounts of Bitcoin
549.
Post 4756616 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
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 ?
550.
Post 4765557 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
Yep, I had several OK withdrawals in last few days so I even called it bullshit earlier today here when someone said there are delays, but from 3 today, the last one went missing.
Believe me, this is gaining momentum, there's 10,000 BTC in limbo right now.
No ETA on when this problem will be fixed.
It appears to affect larger transactions so anyone making small withdrawals won't be affected so much.
check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.
551.
Post 4765618 (copy this link) (by samson) (scraped on 2020-04-04_Sat_11.59h):
Check this regarding the Gox situation which is rapidly spiraling out of control :
http://thegoxreport.com/People are making websites to track this issue which shows how long it's been going on and if you look at the above URL you can see that it's getting worse by the day.
552.
Post 4971821 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.03h):
Apple news ? Really ?
I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.
553.
Post 4972067 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.03h):
Apple news ? Really ?
I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.
Because mobile devices are the typical wallet for an everyday bitcoin end user visiting his local merchants in a widespread adoption scenario and apple is a huge portion of mobile devices. Using the blockchain app with the clean interface and the QR scanner is very fun and apple just took that fun away for half of bitcoin users on mobile devices. It also reduces exposure and attaches a negative stigma.
My main point being that apple isn't an open system and they like to be assholes at all times.
Remember any 'in app' purchases that happen inside an App are subject to the Apple tax of 30%.
I guess they couldn't come up with a way to apply this tax to Bitcoin transactions so they ban it.
Use Android instead and don't develop for IOS, it will become obsolete on phones in time unless they change their ways.
554.
Post 5052957 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.05h):
Choo Choo Motherfuckers
555.
Post 5127113 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.08h):
556.
Post 5301912 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.15h):
What a shame.. Was planning on sending a wire monday morning if it didn't rise by then
The thing about this is you needed to send it last week - like last monday then hope it arrives in less than a week - which it won't.
557.
Post 5426811 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.22h):
With MtGox, Bitcoinica and all the other hacks and large scale rip offs like the 'pirateat40' incident which have happened over the years I suspect about 10% of the Bitcoin currency is stolen property.
Trading in stolen property is illegal. This is good enough to outlaw exchanges in my opinion and I suspect governments around the world will use this against Bitcoin.
It will be forever tainted by this huge amount of stolen coins.
When people finally trace some of their missing coins to a US corporation I can't wait to see the lawsuits start rolling in by people wanting their coins back, especially those who lost thousands of coins.
The best thing is, we're just getting started - this will happen again and again.
558.
Post 6634213 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.43h):
559.
Post 6726968 (copy this link) (by samson) (scraped on 2020-04-04_Sat_12.44h):
rally mode: on
LOL
560.
Post 8879011 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.14h):
Down it goes...
561.
Post 8879072 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.14h):
$300's ?
562.
Post 9079692 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.19h):
$100 here we come !
563.
Post 9091337 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.19h):
Tim Draper, the current biggest known BTC bagholder?
He should slap his son silly for making him lose millions.
OTOH if he waits and buys more close to the bottom, that would be wise.
You're forgetting the Winklevoss guys, apparently they have/had 100k BTC
564.
Post 9091348 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.19h):
Tim Draper, the current biggest known BTC bagholder?
He should slap his son silly for making him lose millions.
OTOH if he waits and buys more close to the bottom, that would be wise.
You're forgetting the Winklevoss guys, apparently they have/had 100k BTC
Yes but their buy-in price was in the 2 digits... poor Draper paid 600+
Hehe, yes, a good point
565.
Post 9128280 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
International as in sending from the US to Slovenia? I send in the morning from the US, money is in my Bitstamp account and verified when I wake up the next day.
really ? Interesting, I thought only SEPA is that fast, beside they say 5 days in their website... I am really impressed.
I sent a few thousand Euro from the UK to someone in Belgium and it arrived pretty much instantly. I believe it took minutes, not even hours to complete.
566.
Post 9866271 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.39h):
Down it goes !
567.
Post 9866700 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.39h):
Sell them all now and then buy back much cheaper in a few days time
568.
Post 9867688 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.39h):
Plus next paycheck I will start getting paid in 100% bitcoins.
RIP
lol
569.
Post 9867775 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.39h):
Am I sensing despair?
Despair is a long way off yet.
570.
Post 9868360 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.39h):
meanwhile, Ripple at ATH right? wow
Relax, its only up a couple percent the last 24 hours...
its obvious that ripple is manipulated by teh banks... banks are not allowed to manipulate anything else these days
The ATH is actually $0.10 this time last year for a second. The banks are putting money in the network right now bringing more liquidity.
However, I wouldn't say the banks are speculating XRP or buying more than 100 which is all they need to trade for a long time.If even banks only need so few XRP, then why did Ripple make the supply so huge? I remember when there was a 40k XRP per member giveaway on this forum. What is the point of having so many XRP available?
I remember selling my free XRP for about $2000 last year
571.
Post 9869265 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.40h):
Jed is bound to his 10.000 limit for the first two years. After that it rises to 20.000 for the third and fourth year. After that he basically do what he wishes, but Ripple will likely succeed even before he reaches the 20.000 limit. Jed is of no concern: why would he unload all his XRP (and take on all the legal trouble, because he's bound to not sell) while denying himself the chance to become a multimillionaire/ billionaire? Jed never finishes what he starts, he might be slightly unstable from time to time, but even he is not as retarded to make such a move.
Considering it's fully centralised they can probably easily program in a set of restrictions on his coins to enforce the 10k and 20k per week rules.
572.
Post 9869301 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.40h):
316 fell, next horizontal support would be 275.
Out of curiosity Blitz: do you think 275 will hold? There has been a lot of talk about the 270ish level around here, and often it has been called 'the real bottom'. Given the flurry of bad bottom calls of the past 10 months or so I'm very sceptical about that, although there will likely be a major battle around that level. But what do you think?
Second: if 270-ish gets broken, do you expect Bitcoin to crumble down to the high 100's?
HODL
Where did I put that 'holding spartans' image.
573.
Post 9944671 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.41h):
Two weeks and we still on the same price 320 -310
Cheaaap coins!!!
This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.
LOL, they're nowhere near cheap yet.
574.
Post 9944687 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.41h):
There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
575.
Post 9949400 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.41h):
How does BTC reach the general public though?
What event will push BTC forward?
Hardly anybody is interested.
People compare BTC to the internet in 1995, will we follow the same path or are we destined for failure?
This comparison is often touted but it's misguided. Bitcoin is the first example of blockchain technology put to use.
Gopher is an early example of widespread usage of the internet. How many people still use 'gopher' ?
576.
Post 10037284 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.43h):
people posting this is an amazing time to buy makes me think that the panic/despair zone is to come yet
Real panic and despair will only come if the old time double bottom of $55 is broken.
If that happens which even I doubt (and I'm all bear for a long time now) then there really will be blood in the streets.
577.
Post 10037373 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.43h):
people posting this is an amazing time to buy makes me think that the panic/despair zone is to come yet
Real panic and despair will only come if the old time double bottom of $55 is broken.
If that happens which even I doubt (and I'm all bear for a long time now) then there really will be blood in the streets.
Never...there are too many people who would buy @ 100$ so that the price could never drop to 55$.
Never say never
People will short it down to nothing if there's money to be made and we all know there's a lot of money to be made.
578.
Post 10040167 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.44h):
If China wakes up & starts dumping we are in the shit.
Like I said ....next 3 hours are critical I'f we hold at 250 we will be good for an upuptrend starting tmrw
Pure fantasy
579.
Post 10045007 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.44h):
Should be "Stamped!"
Thank heavens for paper wallets.
You really think I won't get back my XBT?
Maybe you will but I
know my paper wallet coins are safe.
I lost about 50 coins at Gox when it went down 5 months after I first tried to move them to paper. Once bitten twice shy.
Now I mine directly to paper and mostly buy off-exchange directly to paper.
You don't really 'need' a paper wallet, just a reqular QT client will do the job unless your computer is riddled with malware.
I've never lost a coin from a proper wallet but I do keep them on a separate computer which isn't used for day to day stuff.
580.
Post 10116497 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.46h):
Hmm i've expected a much higher demand at these levels
seems like no one wants to trade at these prices.
It's a weekend and Bitstamp is likely to have a fiat shortage right now. I don't get why China thinks a weekend is a good time to dump aside from manipulation.
And monday suddenly everyone starts buying for the first time in 12 months?
Not a chance
581.
Post 10119452 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.46h):
I have a feeling that it's going to be an interesting week
582.
Post 10123867 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.46h):
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.
Correct, I see it in myself as well.
There's nothing magic about $50+ making it the absolute bottom.
Just because it stopped around $50 in April 2013 doesn't mean it will again.
There's a whole different bunch of people playing the game today.
583.
Post 10139939 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.47h):
The tulip mania scenario is an interesting phenomenon and is often quoted as a bit of a joke but I have to ask : Did it really end badly in the grand scheme of things when you look at it over time ?
Apart from the bubble hundreds of years ago tulips and other flowers are still doing well today. Once the initial idiocy died off the tulip and other flower industries went on to become the multi billion dollar a year markets that we have for flowers today.
Right now I'd say Bitcoins are the rare 'flame streaked' tulips and the alts represent all the other flowers and weeds. They all ended up worth similar amounts apart from the weeds which aren't worth shit.
584.
Post 10140919 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.47h):
So artificial scarcity isn't even Bitcoin's own idea? Stolen from Beanies? That's just so wrong!
Nah, stolen from the music industry and DeBeers
You beat me to it, I was going to say it's based on the 'women like shiny things' diamond industry.
585.
Post 10142190 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.47h):
586.
Post 10148441 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.48h):
I see the crash has finally started to gain speed.
A few more months of this and we might be ready for a long drawn out period of capitulation.
587.
Post 10157528 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.48h):
Every time I go online the price is lower.
This is a blood bath.
Is it going to be below 100 dollars when I wake up tomorrow?
I think it might take until next week to break $100 but I'm an optimist. It could happen tomorrow.
This is Bitcoin
588.
Post 10157536 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.48h):
Cheap coins! This is what everyone wanted. Stop crying.
They're not anywhere near cheap yet
589.
Post 10157560 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.48h):
This is awful.
I feel sick.
Why?
Been waiting months to buy at 100.
My 8000 GBP investment is worth about 2000 GBP now.
I was told BTC was the future.
This is bull shit.
Ouch, sorry man, at least you didn't buy Litecoin.
Also please don't panic sell even if it drops under 100.
Also don't panic buy when it goes below $100, if it can go to $100 it can go to $50...etc
590.
Post 10157823 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.49h):
Stop talking down the market. Just stop.
It's f*cking ridiculous at this stage.
It's no wonder none of you have girlfriends.
You're deluded if you think the market can be 'talked down'
591.
Post 10157886 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.49h):
Litecoin is at an all time low! $1.12 USD at this moment. Just another sign that crypto is on its death bed.
LOL, I distinctly remember buying 25,000 LTC for 7 cents each some time ago.
592.
Post 10158040 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.49h):
BTC is only 50x my entry price (about 3 years ago). Like now, that was a major bottom. Should I buy more? Thoughts?
Sure buy more but wait a bit. Remember as you well know, it can go below $100 quite easily.
I suspect it's going to continue going down hard for a while yet.
593.
Post 10158169 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.49h):
I am a buyer at $3 USD a bitcoin. I feel comfortable with that. I would buy a 100.
I said about 18 months ago that I think $20 is a good and fair price. I still stand by that comment.
594.
Post 10161858 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.49h):
CCMF = Cryptographically Committed Money Fools
lol
595.
Post 10180145 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.50h):
For my own sake, I hope bitcoin will at least double in a week or two. For Bitcoins sake I hope it will stay around 200-220 until mass adoption is a confirmed.
Why not $100 ?
596.
Post 10180484 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.50h):
Its still a long way down
597.
Post 10282891 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.53h):
My guess which is good as any is that the price will at or below $100 by mid February
Of course I could be completely wrong but that's the way I see it.
598.
Post 10282942 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.53h):
My guess which is good as any is that the price will at or below $100 by mid February
Of course I could be completely wrong but that's the way I see it.
Haha.
Go home you're drunk
Lets see, it's only two weeks away
599.
Post 10292435 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.54h):
Must be a funny dump when China wakes up.
What are you smoking? China dumped with the rest of them.
They're not done dumping, think sub 200 tomorrow afternoon.
It's 4am in China, most of them will be sleeping.
600.
Post 10327290 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.55h):
Hahahaha amazing picture.
This dump seems weak though. I would not sell this close to 200 because everyone is waiting to buy there.
Someone has to sell at the bottom. You don't want to be that guy.
Lol dude, once 200$ is breached large margin calls will follow due to tons of stops around that lvl.
And how do you plan on breaching 200? Try 210 first. Good luck with that.
The price is already below $210 on BTC-e
601.
Post 10349795 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.56h):
Id say we possibly already reach the bottom already at 160$
Delusion
602.
Post 10349835 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.56h):
People been dumping again.......
Who would have known. The entire day I have seen people predicting it must go over 300 dollars overnight now or, even worse, that we're moonbound again.
I mean really: what do you expect? That Bitcoin will suddenly take off out of nowhere in an everlasting bear market? I wonder how many people bought at these prices, as they will likely regret it later on.
There's no talking sense into a 'bulltard' - they never listen and unless they bought their coins for a couple of bucks way back these guys are going to lose a shit load of money in the coming weeks and months.
Mid to end of February will be interesting I think
603.
Post 10349848 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.56h):
People been dumping again.......
Who would have known. The entire day I have seen people predicting it must go over 300 dollars overnight now or, even worse, that we're moonbound again.
I mean really: what do you expect? That Bitcoin will suddenly take off out of nowhere in an everlasting bear market? I wonder how many people bought at these prices, as they will likely regret it later on.
Most of my stash was bought at upwards of 400 dollars.
I have no choice but to HODL.
I'd rather lose it all than admit failure.
Ugh, losing it all is failure - you don't need to admit it. It's a given
604.
Post 10349916 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.56h):
People been dumping again.......
Who would have known. The entire day I have seen people predicting it must go over 300 dollars overnight now or, even worse, that we're moonbound again.
I mean really: what do you expect? That Bitcoin will suddenly take off out of nowhere in an everlasting bear market? I wonder how many people bought at these prices, as they will likely regret it later on.
Most of my stash was bought at upwards of 400 dollars.
I have no choice but to HODL.
I'd rather lose it all than admit failure.
Ugh, losing it all is failure - you don't need to admit it. It's a given
To the quoted message: you can buy more to cut your investment per coin in half, therefore if bitcoin moves up a bit you'll be back in the green!
True, once it crashed from $266 to $55 and I doubled up there but they were what I'd call cheap coins, I mean I bought a load of them for $15 each. I think everyone will get their chance to get cheap coins later this year when we perhaps turnaround and all get the chance to ride the bull again.
What I call cheap coins is not going to match up with what others here call cheap coins - not by a long shot.
605.
Post 10349947 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.56h):
I'm pretty sure that virtually nothing said by anyone here makes the slightest difference to the market prices.
I view this thread as pure commentary and comedy. It's still my favourite thread on bitcointalk even after all this time.
606.
Post 10355613 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.56h):
1h MACD green. Push up to 230's?
Should wait till the end of the hour, as it could still turn to red easily.
It will still be a downtrend for the next week at least..
So after 1 year of downtrend it's going to all change next week
607.
Post 10399872 (copy this link) (by samson) (scraped on 2020-04-04_Sat_13.57h):
I predict big dumping in the next week
608.
Post 10662511 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.02h):
This thread seems to be going 'full bulltard' again....
609.
Post 10817111 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.05h):
Still going to the moon ?
610.
Post 10875161 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.06h):
$250!!!!Wooo Hoooo !!!!!!
LOL, the price drops $20 in the space of 24 hours, then bounces $5 and suddenly we're heading to the moon
611.
Post 10877032 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.06h):
What are they expected to charge them with, receiving funds from sold bitcoins? I didn't know it was a crime to sell your bitcoins. Having your account closed is bad enough without being arrested too.
Nothing. The purpose is to scare.
Mind you there's a *cough* rumor that the same is happening in the EU Banks... A friend of mine told me the amount was different though; 3000Eur. Well; that feels "safe"...
Capital controls come sneaking in, most people will not be bothered by them in a normal situation. But if shit happens, you are locked in.
They will take the money from you and it will not be easy to get it back because you're probably a criminal. That's complete horseshit of course but it's the argument 'they' use all the time.
This is draconian and a serious development.
612.
Post 10944889 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.08h):
So the Winklevii are pretty bad at projecting launch dates, huh? Q1 in the USA is over in a matter of hours.
Their winkdex.com website appears to have crapped out as well, I'm getting bogus charts there for today.
613.
Post 10964739 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.08h):
Looks like a great start to an organic growth.
Do not ever consider dumping on this one. It will go on like this forever...
Of course it will, just like last time, lol
614.
Post 10998040 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.09h):
I clearly don't understand your original criticism then. Nor do I understand your reply to my retort.
I guess that I did not express myself correctly. What I've been trying to say here is something that I've been saying for a while now.
People should be less focused on the price. The issues is that people panic easily and only look at Bitcoin in $ or some other currency. Bitcoin will work be it at $1 or $1000. Just look at the infrastructure development that happened in 2014 and that is happening now in 2015.
Don't get my wrong, I'd be glad if the price went up. Although a spike wouldn't be desirable, steady growth is much better.
This is the speculation sub forum, nearly everyone here is trading for the short term profit.
615.
Post 11047593 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.10h):
What will you all be saying when we're trading in the $1xx range ?
616.
Post 11088457 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.11h):
bitcoin accepted
LOL
617.
Post 11088466 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.11h):
Will we see $1xx this week ?
618.
Post 11206816 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.12h):
Massive support at 218-200, good time to buy if you still got fiat.. Also a Grexit is getting more and more likely, if this will happen it would be a big boost for Bitcoin.
Nobody gives a shit about Greece
619.
Post 11369965 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.15h):
Will bounce back into the $240s rapidly
This
Dump followed by pump followed by larger dump, etc, etc
620.
Post 11414425 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.15h):
moon is an hologram, it doesn't exist, you've been lied !
Meltdown continues
621.
Post 11501589 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.16h):
pro tip : tomorrow is a pump or a dump
It's already tomorrow and the dumping has started
622.
Post 11510361 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.16h):
I can't see any more down the hill. Don't expect 180-190 $ coins.
I guess the ground will be $200 by max.
So you think the price of Bitcoin will never go below $200 again, ever ?
623.
Post 11618799 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.17h):
Dumps are fine. It redistributes wealth.
"It redistributes wealth!"Dumps are fine, they redistribute risk.
624.
Post 11639873 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.18h):
The next bubble will be the bubble of altcoins. Those, who know what they're doing, have already positioned themselves under select altcoins.
The excitement and crazy gains will be in the alts. Bitcoin will slowly implode on the weight of it's wasteful mining network. Speculators will stay away from bitcoin for the same reason - the mining network just siphons too much speculator money from the market. Some corporate fools will try to keep the bitcoin hype going, but nobody will eventually care. Money has moved into the bitcoin market mainly because of speculation, and the odds are currently very bad for everyone, because it's not even a zero-sum-game anymore, it's a game where the speculators have to feed large mining farms whose contributions are marginal in return.
LMAO.
Nearly every alt traded on btc38.com doubled in value over the last few days with reasonable volume.
I always made good money out of Bitcoin but I made the real big gains on the alts a few years ago.
625.
Post 11666951 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.18h):
Is this true?
-snip-
I just waited 3 days to be told this. My Bank in the UK told me before Bitstamp did that raiffeisen bank are rejecting payments. So lord knows how long i will have to wait before i see my money again.
Simply AVOID Bitstamp. Not worth the hassle.
In the UK i am buying all my bitcoins from Bitbargain.
Some people are really ignorant and impatient if you ask me. I am going to disregard the possibilities of it being true or false. The problem is not Bitstamp, it is the Raiffeisen Bank. You can't blame Bitstamp for this.
I've always used Bitstamp and have never had a single problem with them. Please tell me which exchange would reimburse the customers after a hack of 19k BTC?
Back to the price now. I wonder if we could stick to $240 as the bottom now. There is no reason to go back to $220.
Tell me what other exchanges except Gox got hacked by 19k+ BTC?
Don't assume honesty and disclosure from the exchanges, I'm sure they've all been hacked but keep quiet about it.
Long term believe it or not the most reliable has been BTC-e
626.
Post 11740380 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.19h):
BTC-e is down for an hour already and no one mentions it here. suspicious..
DDOS reported on Twitter
627.
Post 11744236 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.19h):
Can you imagine we'll never visit this price level again? Possibly not. At least I can't. Nevertheless, it might be time to say goodbye.
Many people have said similar things at every level for years and pretty much every one of them have been wrong.
628.
Post 11748621 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.19h):
11 million greeks hit market buy with a measly 500$ and we get >32,000$ in <2 weeks.
>32,000$ in <2 years.>32,000$ in <2 weeks.
Yeah, for sure. Since they haven’t any other problems, they will buy bitcoins with their 60,00€ per day.
Increasingly tiny amounts of Bitcoin at that. After a correction they will be left with NOTHING but a few satoshis
Greece is locked down right now. Same as Cyprus.
629.
Post 11776133 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.19h):
Looks like our Wall-Observer bulls are prematurely overexcited once again. It’s always the same. Will it ever change? Maybe when we hit the real bottom...
This could be years away
630.
Post 11896336 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.21h):
Everyone told me it was going to the moon this time
631.
Post 12099007 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.23h):
I see Kraken are blacklisting NY due to their crazy new BTC regulations.
This is most definitely 'bad news' for all things Bitcoin
632.
Post 12101549 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.23h):
So the $300 dream is good as dead now? But the $500 dream still intact in my brain. I don't know why. Maybe because of the incoming halving?
$300 dream ded, confirmed. And your brain is the only brain aware that such halving is inbound.
Maybe after 200k worth of goxcoins get distributed, 70k US and AU govcoins to be sold, a maxblocksize argument that seems to have donned cement shoes is resolved... maybe.
Wow, really? Yet Bitcoin is still up ten million percent in just six years. The world just needs to try to wrap its head around that fact. Those kind of numbers just don't fit into any kind of analytics. Most of the world has many broken paradigms to replace as well. Just relax and be glad you are here with us witnessing such an historic event.
So you're saying Bitcoin is up 10 million percent over a few years.....and the only way is up...
633.
Post 12188406 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.24h):
CCMF ?
I dumped all my BTC long ago.
634.
Post 12232053 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.24h):
It's not like this recent movement is in any way unexpected is it
635.
Post 12233376 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.24h):
Get ready for $1xx and lower !
636.
Post 12580405 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.27h):
So the price will either go up or down
637.
Post 13576652 (copy this link) (by samson) (scraped on 2020-04-04_Sat_14.41h):
By the way, there was another message by "Satoshi" recently, denying that he was Craig Wright -- and then adding "We are all Satoshi". That last part is obviously something that Satoshi would not have written. I can only think that the hacker is aware that everybody is aware that the account has been compromised, and does not care to pretend anymore.
Sound, sensible analysis as always. Good to have you home, professor.
The problem is that the anti-fork message was
not spoofed and the writing style matches.
http://pastebin.com/Ct5M8fa2Here's a quick technical analysis of the email sent to the bitcoin-dev mailing list today at
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html The email was sent from an anonymous email provider called vistomail.com which gives the appearance of being out of service. However you can see the logins at
https://webmail.vistomail.com/ The vistomail servers are authorised to originate email by their IP address via the SPF DNS records . Satoshi used
satoshi@vistomail.com when first announcing Bitcoin
http://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html From this you can safely conclude
the email did originate from vistomail.com servers and was not spoofed. It does not prove the account was not hacked of course.
Partial headers from the email:
Received: from mail.vistomail.com (vistomail.com [190.97.163.93])
by smtp1.linuxfoundation.org (Postfix) with ESMTP id 2175813F
for <
bitcoin-dev@lists.linuxfoundation.org>;
Sat, 15 Aug 2015 19:00:05 +0000 (UTC)
Received: from DS04 ([190.97.163.93]) by vistomail.com with MailEnable ESMTP;
Sat, 15 Aug 2015 13:51:14 -0500
DNS RECORDS FOLLOW:
vistomail.com descriptive text "v=spf1 include:_spf.google.com ip4:190.97.163.93 ~all"
vistomail.com has address 190.97.163.93
vistomail.com mail is handled by 10 vistomail.com.
The "we are all satoshi" was spoofed and the writing style or expressions didn't match. So the second doesn't invalidate the first.
Additionally, that particular email address is
not known to have been stolen.
Therefore the August message could be legit - it's a very serious risk for BTC. Risk, in the sense that if the proposed fork goes ahead, we'll have Satoshi's second coming after the forkageddon to proclaim Bitcoin is a failure since it failed to protect itself from this kind of attack.
Anyone can get a vistomail email address, I had one myself once. It's an anonymous speech service which has been around for a long time and they are reliable.
638.
Post 18759321 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.08h):
OMG I can see the moon... buckle up guys!
Let's hope so. I'm saving my excitement for around $2000 per coin though.
I think you're going to be in for quite a wait !
639.
Post 21840560 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.20h):
New ATH guess : Mid June 2018, so June 15, 2018.
640.
Post 26806702 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.34h):
If only there were other countries in the world which don't have this stupid rule, love to gamble and have billions of dollars worth of coins....cough...China....cough...
641.
Post 26809463 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.34h):
Yeah, every trade is a taxable event to US persons. Whether that is buying coffee or litecoin. It is property according to the IRS.
Even if you thought you could get away with the like kind exchange rule, you still have to report every trade individually on the exemption form.
If it were classified as a stock, you could just report net gains and losses but not so with property.
They have made compliance nearly impossible so unless someone passes a law to exempt transactions prior to a certain date, a lot of people are going to owe back taxes and penalties if not jail time.
Simple solution: Become an expat.
Does not apply to US citizens unless you give up your citizenship.
That's right, you still have to pay !
642.
Post 28567702 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.39h):
triple top coming to $18k by end of Jan with full double swing to vortex $40k by Valentine's Day
Bollocks
643.
Post 28573686 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.39h):
I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
I saw this somewhere :
644.
Post 28574036 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.39h):
I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
What is your interpretation of this ?
Less demand at higher prices.
Yep, I edited my post above to include this little nugget :
The bear is back....
645.
Post 28574996 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.39h):
I see the price is rising with declining volume since the recent low of ~$9200
Price going up, volume going down.....
Looking at Bitfinex 6hr chart.
What is your interpretation of this ?
Less demand at higher prices.
Yep, I edited my post above to include this little nugget :
The bear is back....
If you are so convinced, let's see you short this market.
Money meet mouth.
I'll check the price again next week
646.
Post 28575411 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.39h):
Could well be, just looks a little unusual as it's so pronounced over the last few days.
Of course this is Bitcoin and the last few days are far from normal, even by Bitcoin standards...
647.
Post 31805672 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.47h):
Article from trustnodes.com -
https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-revealsMT Gox’s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th.
On that very day, bitcoin’s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days:
On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800.
It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again.
He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.
This suggests the trustee has sold it all on exchanges, rather than Off The Counter (OTC), sending price down some 75% by perhaps placing market orders.
Doesn't this mean that there was no correction / capitulation ?
Just one man triggering a wave of panic sells outside what the big manipulators expected.
I'll bet a few people got burned by this.
Remember, he sold only 18% of the Gox Bitcoins so 82% of them are still being held and he plans to sell more of them according to the latest update released today on mtgox.com - there is a PDF which can be viewed there right now.
648.
Post 31805930 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.47h):
You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on
My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’
Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.
I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL
649.
Post 31807458 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.47h):
You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on
My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’
Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.
I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL
O.k. And that would have been about early 2013. What did you do, and what have you been doing the past 5 years?
There have been a lot of dips, lots of opportunities to sell and to rebuy and to either make or lose money. What has been your approach? How many times have you been tricked out of your coins in the past 5 years?
I first got around to buying Bitcoin in August 2012 because I wanted shares in Asicminer, since then it's been a bit of a wild ride.
Asicminer share trading was shut down for a long time due to it being an 'illegal security' but it came back and they made good on everything they promised. It took a while, can't remember how long.
I got badly goxxed and am still caught up in the MtGox saga as a creditor.
It looks like we will most probably eventually get our share of the coins which are left due to the recent civil rehabilitation developments. For those who don't know - civil rehabilitation was not rejected which is a major step towards it happening, it was rejected a few years back.
I often dabbled with different altcoins, but I've spent several years where I didn't touch crypto at all.
I cashed a bunch out years back as well - more than I ever put in....
650.
Post 31836662 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.47h):
I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.
Bullish AF!
Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume... I think that there is fear about what they are going to do with the other 165k BTC, right? Which I doubt that they are going to announce before they do anything, such as sell, right?
At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.
I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.
In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.
651.
Post 32663946 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.49h):
Is that gox whale going to dump at 4pm GMT once again? What a wanker
That Gox whale did all his trades OTC and off exchange.
652.
Post 33221378 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.49h):
Ok, if we don't immediately pull up we will enter the top ranges of the Swamps of Anger.
82-8300 should hold. If we get a pump afterwards maybe the death cross can be avoided if we can stay at 10k.
If these Mt Gox guys are responsible for this insane crash lie they were in 2013 they ought to be sued for damages and locked up. Thats the regulation I support!
The bankruptcy makes Mt Gox immune to further civil damages. Now it is in the hands of the Bankruptcy court to liquidate the assets and distribute them. Karpeles trial is still pending. I suspect that he won't be getting much jail time if convicted. I suspect that all of the extra proceeds from the liquidation will end up in the nation of Japan's coffers after a huge fine is imposed.
Don't be so sure about that. There's a very good chance that the remaining Gox coins will be distributed to creditors.
What the creditors do at the time of distribution is up to each of them.
653.
Post 33223205 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.49h):
Don't be so sure about that. There's a very good chance that the remaining Gox coins will be distributed to creditors.
On what do you base this assertion?
While I admit I am no expert on Japanese bankruptcy law, and do not read the language, all the translated material I have read suggests exactly the opposite, that all claims will be settled in fiat.
A court appointed examiner has been reviewing the case with a view to bringing MtGox out of bankruptcy and into Civil Rehabilitation.
The results on whether Civil Rehabilitation will happen should be released some time soon, within about two months is pretty normal based on what I've read. That should be around May or before.
What we do know is that this examiner could have rejected a move to Civil Rehabilitation - this is happened before, however this time the Civil Rehabilitation was not rejected.
Apparently there is a good chance it will go ahead so long as certain conditions which are not public at the moment can be met. There are several law firms working towards this end right now.
I know this because I'm a member of one of the groups of creditors pushing for a move to Civil Rehabilitation as it's what our lawyers advised last October.
Either we get our coins back or we will drag this out for years with appeals all the way to the supreme court.
Edit : You're right about the bankruptcy law, this is why we needed to move the company to Civil Rehabilitation where the rules are different....
654.
Post 33478323 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.50h):
$6xxx incoming ?
655.
Post 33479010 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.50h):
$6xxx already in
656.
Post 33541048 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.50h):
The price action becomes clear and obvious, if you treat the last 6 months rise and fall as the exception.
If price had simply risen from $3000 in Sept to $4000 now, the bull trend would still be intact.
Price just went too far too fast.
My thoughts exactly
657.
Post 33697870 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.50h):
What's up with that new poll, it's a bit weird ?
658.
Post 33698631 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.50h):
What's up with that new poll, it's a bit weird ?
I think we've been April fooled
Ah yes, I forgot about that - it's early tomorrow already here.
659.
Post 34171646 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.51h):
12288 game: September 5, 2020
660.
Post 35473286 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.53h):
Seems to be a bit of a breakout, $9400 in on BitFinex
661.
Post 35619286 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.53h):
Copied from a Telegram Group:
Correction: Mt. Gox Trustee Wallet has sent out 16k BTC.
Please take the following into consideration:
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
Direct quote from Mt. Gox Trustee Kobayashi, that proves his sells will NOT affect the price of Bitcoin.
We also have no idea if they're being sold or not.
The trustee for MtGox needs to sell only a few thousand coins to cover 100% all claims + a potential additional $75 million might be 'ringfenced' to cover the bogus lawsuit by Vessenes. Once he has those funds he quite literally doesn't need to (or would) liquidate anything else because he has covered all of the MtGox liabilities and potential liabilities at the time of bankruptcy which was some time in 2014.
Edit : You can see what's moved (16000 BTC + 16000 Bitcoin Cash) here :
https://www.cryptoground.com/mtgox-cold-wallet-monitor/
662.
Post 36248854 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.54h):
Nonsense. The climate is always changing. The assertion that humans are the main driving force behind it, however, that is bullshit.
+1 on that
663.
Post 36949578 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.55h):
kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?
He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.
smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.
I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.
Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.
664.
Post 36954950 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.55h):
Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.
The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD.
8000 of the Gox Bitcoin were moved, only 8000.
20,000-30,000 appear to have been dumped on Bifinex alone since yesterday
665.
Post 37036673 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.55h):
I tried to research how much money was actually invested in crypto and few sources said that it's about 10% of indicated market cap. Yesterday Mt.Gox's Kobayashi presumably sold BTC equivalent of ~$7,000,000 and market cap was decreased for ~$70,000,000, is there any relation or it's just a coincidence?
If $7 000 000 worth of bitcoin was sold, that means another $7 000 000 was invested in bitcoin.
The MtGox coins which moved have been consolidated into a single address via two transactions from the original addresses where they've sat since 2014, this is where they are now :
https://blockchain.info/address/1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4They're just sitting there doing nothing.
666.
Post 40017134 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.58h):
i just wanted someone to post nice three bottoms pictures but i agree with your prediction. After 2013 correction, there was a last run up before the great depression
3k can take months/years to come
That was driven by the catastrophic Gox debacle. I don’t think (I hope not) it will play out that bad again.
The Gox issue will come back. 25,000 creditors might well get what's left of their coins back. This would be the best outcome.
If the court decides that the Bitcoin should be liquidated (they're working on it right now) and there is a good chance that it will then the ~140k remaining Gox Bitcoin will be sold at some point one way or another.
667.
Post 40137771 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.58h):
QUICK list 12288 is finisht GOOD LUCK WO's
16/04/2018 serveria.com
27/04/2018 BinaryReign
<snip>
10/04/2020 yefi
05/09/2020 samson
23/06/2021 fortune143
I really hope I'm wrong on this speculation....
668.
Post 40157611 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.58h):
QUICK list 12288 is finisht GOOD LUCK WO's
16/04/2018 serveria.com
27/04/2018 BinaryReign
<snip>
10/04/2020 yefi
05/09/2020 samson
23/06/2021 fortune143
I really hope I'm wrong on this speculation....
Maybe you see iT wrong and thought iT was @122880 or So
Nope, it's based on a 2 year bear market and next halving date in 2020.
669.
Post 40717381 (copy this link) (by samson) (scraped on 2020-04-04_Sat_15.59h):
Is it already known how the creditors will be credited, fiat or bitcoin?
Still good news for the decentralization of Bitcoin if indeed the surplus is not distributed to just a few shareholders of MtGox.
I believe it should be a mix of both Bitcoin and cash. The trustee in charge of MtGox already has enough money in the bank to cover all the original claims which was about $450 million, maybe more - I think.
My guess would be that he pays a mixture of fiat and BTC as I'm very sure a massive percentage of people who claim Bitcoin will all want Bitcoin back and I really doubt he will buy Bitcoin to make payments.
670.
Post 42432618 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.01h):
"We should prohibit U.S. persons from buying or mining cryptocurrencies," says Rep. Brad Sherman, a senior Democrat on the House Financial Services Committee.
https://twitter.com/colinwilhelm/status/1019646925820264448
Bitcoin right now seems to be trying to break that psychological resistance level of $7500 *permanently*.
Who the fuck does this Brad Sherman think he is ?
671.
Post 42791580 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.02h):
Seems a lot happier in here. Long may it continue.
Where are the $2000 - $4000 predictions now hey?
There's still plenty of time for that.
672.
Post 42818727 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.02h):
Here we go again?
Looks like it, $8400+ now
673.
Post 42818810 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.02h):
Check out this Tweet from today.
Roger Ver, Daniel Kelman and some others meeting with the president of Cyprus.
https://twitter.com/kelmandacom/status/1021828985972436992
674.
Post 43853597 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.04h):
No he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.
You think a publicly known early miner would admit to still retaining coins? I sure as shit would not.
Perhaps, but if he was prepared to part with 10k for two pizzas then he was probably prepared to part with the rest of his coins for an extremely low price.
You don't get it - nobody had EVER publicly traded Bitcoin for anything with a fixed fiat value before this.
Because of that Bitcoin had a literal value of $0.00000000 right up until the point where someone bought a couple of pizzas.
I remember reading an article about the guy who bought the pizzas for 10k BTC and he said not to worry, he had a many coins left - this was when it was worth plenty of dollars if I remember correctly, which I might. He had millions of dollars in crypto when I read that and I won't be surprised if he still has most of it.
675.
Post 43854416 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.04h):
Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.
Until the first transaction it has no value. No market value anyway.
676.
Post 44096722 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.04h):
Breaking 24777$ prediction
.
.
.
.
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56
UPDATE AND GOOD LUCK
the remaing acctually i am very VERY very curious who's gonna win this one ........ is there going to be an insane BULLrun or wil it just be one of the last 5 on the list ??
Both, just not yet
677.
Post 44529268 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.05h):
Are there any other ETFs waiting for approval or is this the lot ?
678.
Post 44529351 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.05h):
Are there any other ETFs waiting for approval or is this the lot?
The most important ETF (CBOE + VanEck SolidX) will be on September 30th
I'm expecting much of the same from this one.
679.
Post 44529412 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.05h):
Are there any other ETFs waiting for approval or is this the lot?
The most important ETF (CBOE + VanEck SolidX) will be on September 30th
Supposedly this one is the only one that ever really had a real shot at passing and it is very likely to.
Will be interesting if it is approved but I'm not holding my breath.
680.
Post 45229502 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.06h):
Is this the Mt Gox administrator again? What a turd.
lol
681.
Post 45398966 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.06h):
$5xxx's here we come...
682.
Post 45580553 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.07h):
I see no reason for the price to stay above $6k other than the fact that those with very deep pockets want it to stay that way.
They're just delaying the inevitable as far as I'm concerned. Nothing's changed and nothing is changing.
683.
Post 46954577 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.09h):
Sounds like BTC-e all over again with their secret bank accounts where you need to specify 'advertising invoice #' in the wire comment field. This was like 5 years ago.
684.
Post 48054069 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.13h):
Now we're talking, something is actually happening. Makes a change.
685.
Post 48064805 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.14h):
Well, there is just no bottom anymore ...
4,3k now and sinking.
This reminds me of days long gone, maybe it can bottom out over the next few months and bring a lot of people back to these markets.
They've been stagnant as shit for many months now, I almost completely lost interest over the summer.
What I've seen over this summer appears to be some large buys followed by some large dumps (very little inbetween) which look to be liquidating those who are massively over leveraged.
686.
Post 48070290 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.14h):
Are you sure we've gone past the 'panic' stage yet?
687.
Post 48070818 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.14h):
(Extreme) panic has set in for me without doubt. Wish I’d sold it all at $19,000
Everyone always wishes they sold at the high. I have a target price since I bought in 2013. I won't sell any stash till then and will ride it to zero if I have too. I just don't want too.
lmao..
when it was 20k, these guys were saying hodllll.
now it is 4.5k, they are still saying hodllll.
so sad.
Well dick head, go look at the chart of bitcoin price since it started. those hodlers have done pretty damn well for themselves.
Lmao. You are a real moron who contradicts himself in the same post.
I am not a hodler. I am an investor. I bought BTC to sell it to make money not to marry with it like you guys. I bought it at 8k, sold it at 17k.
But you hodlers, bought it at 1K, 2K, it reached 19K you still didn't sell it. Now it is 4.5k, you are still not selling it.
So who made the money now? Hodler or investor?
Anyway, wait for another 2-3 years until BTC reaches that level again so you can sell to make some money after hodling for 5-6 years.
LOL, I started buying at around $12, that's twelve dollars, not $12k.
You might not realise it but many of the same people who post in this forum today are still here from well before the time when I joined back in 2012 which means a lot of them almost certainly got their initial coins for way less than I did.
688.
Post 48280867 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.16h):
Start of WW III - this picture means Salvini soon goes full Mussolini. Puts rapefugees in camps first, Jews next:
I will settle for the total collapse of the EU and its currency : The Euro.
I have a feeling this will happen and Italy will be the catalyst.
689.
Post 48304274 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.16h):
Hopefully 3.6k was the ultimate bottom and from now on road to $50k starts.
Somehow I doubt it, then again - I always do.
690.
Post 48475266 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.18h):
For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.
I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...
691.
Post 48502206 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.19h):
QUICK list 12288 is finisht GOOD LUCK WO's
16/04/2018 serveria.com
27/04/2018 BinaryReign
<snip>
10/04/2020 yefi
05/09/2020 samson
23/06/2021 fortune143
I really hope I'm wrong on this speculation....
Maybe you see iT wrong and thought iT was @122880 or So
Nope, it's based on a 2 year bear market and next halving date in 2020.
Umm hmm....
692.
Post 48551422 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.19h):
Wait and see what happens when all the MtGox Bitcoins are released into the wild if the current price is hovering around $3000 / BTC.
693.
Post 48669351 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.20h):
====> $3OOO CLOSE!!!
Weeeeeeeeeeee
Didn’t you say you’re all in if we get to $1,500.
95% of me thinks going to $1,500 would be fucking terrible
5% of me thinks I could buy whole bitcoin’s again quite easily
Yeah, it's not so cheap as to attract new
suckers investors just yet.
694.
Post 48798485 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.22h):
UK HMRC chucks in its two pence:
Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.
As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.
A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities.
Lots of other stuff in there about airdrops and forks
https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individualsThanks Hairy, well spotted - this is the first new stuff they've posted since 2014 (when they were vague and talked about it possibly being seen as 'gambling')
Now, how to put all the data together when a lot of the exchanges from way back are long gone; BTCE, Cryptsy, Gox et al.
I will need to face up to my dirty little Alt flirtations over the years, of which I am sure I will find contain many embarrassing sojourns I had totally forgotten.
They're going to tax the profits but not credit any losses!
695.
Post 48936814 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.23h):
Watching the silver price slowly fall back to $6 over the next decade will be even worse.
From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.
I'm sorry.
Where do you think all this electricity is going to come from?
While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.
Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.
Well, I may be wrong, but this is the reasoning behind my thinking/prediction:
Yes, energy density of fossil fuels is the best and that is why it was so hard to replace for "mobile machines". Flights don't have any substitute for that very same reason. But flights are not the main demand of oil, cars are.
Everything points out that we will see an increase in market share of electric cars during the next next years/decades. I don't think it is unreasonable that half the cars would be electric in two decades.
That would mean a huge decrease in demand for oil.
Where do the electricity came from to power all those cars? Well, I also expect an increase of the alternate power sources now that ie photoelectric has become positive ROI.
Also nuclear is still rocking and with the new better and safer designs maybe they would start building much more new ones if the need arise? Not sure about that one to be honest.
Also it doesn't really need for something as huge as a halving of oil dependance from cars to affect the price hard. Since many decades to now that demand has been increasing yet the price has remained more or less constant (hugely volatile though) or even decreased. When it not only stops growing (the demand) but decrease significantly I would guess it's impact on price would be multiplied.
Also, oil producers seeing that in the future the demand would keep decreasing would be more eager to monetise their reserves faster than others. Again, with the effect of lowering price.
As I said, I might be wrong, but that is my reasoning and makes sense to me.
P.S.: Yeah, I haven't included fusion because it has been so long they said it was near that I don't believe it anymore.
You should google 'Carbon Engineering', based on what I've read they make a fuel by extracting CO2 out of the atmosphere and processing it with hydrogen extracted from water using electrolysis. It takes electric power but creates something much like jet fuel - a store of energy.
The breakthrough here is that it's apparently now much cheaper to extract the atmospheric CO2 than before.
696.
Post 48938836 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.23h):
That was the dip. Now we rip up.
A retest of $3.81k for support might happen first...just sayin.
It might be even worse than that, actually.
I expect it to be much worse that that. This 'up' action is no bull run. Not a chance.
697.
Post 49007217 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.24h):
Thanks man, I totally forgot haha!
This year will be strange paying taxes, on 11.2k / BTC (in NL you have to pay 1.2% on the value of your crypto on the first of january of the fiscal year). But not hard to do, I love my country so I have no problem paying some taxes.
Is that a 1.2% wealth tax? Do you have to pay that on all assets every year? Yikes!
LOL, who would do that? Who would declare their crypto holdings and pay taxes. Does NL government know how to evaluate the crypto holdings? Is there a guidline how to determnine the market price, which exchange to use? How about determining price of the illiquit coins? So you have a ton of shitcoin, worth at 1 dollar per shitcoi, but if you ought to sell it, the price would collapse to 1 cent. How do you pricve thats into account? Do you also have to take snapshots of online items such as game items that could be sold for money? Do you have to pay 1.2% tax on money you have? If you earned 1 million and paid all income tax and on top of that, at the end of the year have to pay 1.2% ? This is ridiculous. Statement - i love my country, so i pay taxes is ridiculous. Like - i love my country too, but i love myself more, therefore i am not happy of paying wealth tax.
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.
698.
Post 49089194 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.24h):
Out of merits now
Merit sources where art thou
I need more merits
Not a merit source but sent you couple. I am silent wall observer
How do you know if you're a merit source ?
699.
Post 49117075 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.25h):
Jihan will probably hang himself by the end of the year
My guess is he will probably be helped, but it won't look as if he was.
If Mark Karpeles can evaporate millions in stranger drug money and stroll around just fine, I don't see why anyone would bother with a small and annoying Chinese fella.
On a related note, the Mark Karpeles trial will end on March 15th, 2018 when his verdict is due.
Prosecutors have called for a 10 year sentence. This is for 'borrowing' just a few millions of dollars worth of money.
I expect other charges will follow once the bankruptcy / civil rehabilitation issue is sorted out.
Source :
https://economictimes.indiatimes.com/news/international/world-news/ex-mtgox-bitcoin-chief-maintains-innocence-in-trial-closing-arguments/articleshow/67270186.cms
700.
Post 49648941 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.30h):
They just following orders
Haha, I've heard that one before. It didn't end well for the order followers....
It would have ended quicker for them had they not followed the orders though.
I have a German friend whos (now long dead) grandfather spent years in a Russian prison after WWII.
701.
Post 49649957 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.30h):
Big sells finex
sir my gainz
Kraken can't deal with it.
That claim for $16B (not a typo) was rejected already. They will appeal and the appeal will be rejected.
They can sue.....I believe it's a bargaining position as going to court for a $16B claim would require $16M to be paid to the court as some kind of deposit.
702.
Post 49841644 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.33h):
This is ongoing, the fucker has put in a $16 BILLION claim for the MtGox Civil Rehabilitation.
His claim made during bankruptcy in 2014 was for $75 Million.
I'm not quite sure how he's going to justify this to the court. His claim was rejected, he can appeal this.
703.
Post 49850496 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.33h):
I'm hoping for a big dip, a retest of 3600 would be most welcome
704.
Post 50551441 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.41h):
Things do appear to look more bullish by the hour.
705.
Post 50565721 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.41h):
The point about a $15 wage demand at McDonalds, leading to workers being replaced with $35k kiosks, was an example of capitalism and the free market responding to stimulus.
Where I live they get less than $15 per day in most service jobs, plus tips!
706.
Post 50584494 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.41h):
$5000 held overnight then, we even had a rise to $5122. Hopefully we tread water above the $5000 water like this weekend & don’t fall back into the $4000 area.
This is what I'm thinking, right now everyone all over Twitter, chart drawers the world over are all fully expecting a massive dip in price.
Tape painters have been busy lately.
In my experience what literally everyone knows is coming rarely arrives.
707.
Post 50606179 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.41h):
I'm just going to leave this here :
Seasteader in legal troubles, platform to be removed......
https://www.bangkokpost.com/news/general/1661300/seastead-couple-in-crosshairsEdit: He's possibly in very big trouble here if they proceed with the charges as mentioned.
708.
Post 50679671 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.42h):
How to spot a crypto coin "scam" vs. a truly innovative Bitcoin competitor:
In a truly innovative competitor to Bitcoin, the coin's Dev team will not "pre-mine" and/or hold a significant amount pre-launch. In many cases those Dev teams are holding like 90%+ of all coin available.
This rules out 99.99999999999999999999999999999999% of all altcoins as complete scams.
How do you feel about RVN / RavenCoin? That's pretty innovative lately
709.
Post 51577901 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.52h):
We are at Dec 3, 2017´s price... 12 days later we were at ATH.
Based on the above we could be in the next bear market within a month.
710.
Post 52070614 (copy this link) (by samson) (scraped on 2020-04-04_Sat_16.58h):
selling off of the alt coins keeping bitcoin high for now.
How do you figure that? BTC largely traded in USD, you think those markets are just going to sit there and not move because someone shitcoin lost a bit of value
