All posts made by alexeft in Bitcointalk.org's Wall Observer thread
1.
Post 3473360 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.19h):
2.
Post 3599572 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.23h):
If these buy and hold smartasses could have it on their own someone would still trying to buy a pizza with 10 000 coins.
What a load of bullshit.
lol no.
Lol, yes. If absolutely all people would just hold like some are giving "smart" advices here, nobody would be able to buy a coin as nobody would selling them, so those coins would be absolutely worthless as Satoshi and 100 others would know about them.
"Buy and hold" gang (who would they buy from if everyone would do that..) are the biggest enemy of the Bitcoin. They're just too greedy twats to understand that.
Let's not single out the buy/hold crowd as the only greedy ones. To be sure, the goal of EVERY trader is to increase his wealth. That being said, you are exactly right, we need sellers. Most of the current crop of holders will be sellers at whatever point they feel they have gained sufficient wealth to buy some of the things they need, say a car or house.
Of course we are all greedy at some point but they are just plain morons on top of that.
There are lots of coins to buy at higher prices if you want!!! Why don't you buy them and leave us alone?
3.
Post 3625880 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.24h):
It can't go up 150 a day for long, this is crazy!
how do you know? has there been something like bitcoin b4?
'zactly
4.
Post 3627306 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.24h):
NICEEEEE BITCOIN = POLE VAULT//^BOOOOOOOOMMMMM =) 
5.
Post 3627355 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.24h):
I'm calling the top at $1266.
$2500
6.
Post 3638587 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.25h):
I am never going all in anymore. Last night when the crash started I was like:
- ok don't worry, this is merely a correction
- 800...700...600...550...
- At this point i was pulling my hair out and getting ready to panic sell
Luckily I didnt and held until it rebounded to 800. But it seriously felt like an April scenario (even though I wasn't there). It's a feeling I never want to experience anymore. Losing all my profits plus some of my original savings feels like the worst thing in the world. I was ready to cry. But lesson learnt...Don't trade on emotions (and yes I've only been introduced to the stock/bitcoin exchange thing since I discovered bitcoin back in April)
Don't worry you can always sell at rebound. Is there been one time that rebound has not delivered?
April it only rebounded to half of 266. This time it rebounded to 800, so only 100 less than the high of 900.
In April Gox went down. I believe that if it didn't, things would be different.
7.
Post 3640066 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.25h):
In April Gox went down. I believe that if it didn't, things would be different.
Nope. Fiat needs to be coming in to feed a rise and so that rise was unsustainable just as was the rise yesterday.
It is so if you believe so.
8.
Post 3641889 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.25h):
Ahhhh the wonderful smell of fear in the morning, how you bulls feel today? do you believe we are going to the moon or down back to reality?
Can't you see the moon past us?
Poor little bear!
9.
Post 3648362 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.26h):
Gox needs some credit having improved their trade engine greatly.
True!
10.
Post 3654212 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.26h):
stop thinking bitcoin is going XXXXX% a year
this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
That's what we were saying when it was at $10
11.
Post 3661627 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.
Honest enough!!!
12.
Post 3662203 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Now that's something!!!
All bitcoin needs to rise even more now is some deposit haircuts around the world, like the one in Cyprus!!!!
Too big to fail? Kiss my ...
13.
Post 3662448 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Now that's something!!!
All bitcoin needs to rise even more now is some deposit haircuts around the world, like the one in Cyprus!!!!
Too big to fail? Kiss my ...
That's what I call innovation. Our Greek government still kisses EU & IMF's ass for another 1bn Euro loan... pfft
good morning !!! ~the Greek gods are cool!!! =) You are like Icons in the minds of the money makers!!!
jmho
14.
Post 3663098 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
That's what I call innovation. Our Greek government still kisses EU & IMF's ass for another 1bn Euro loan... pfft
Then how about stop getting loans , and actually paying the ones already taken ?
USA and UK are in Debt too you know. The g'ment thrive off debt, the rich get richer from it. Watch Keiser report and you'll see that.
Yep. The absolute truth within 2 lines of text. Our government is to be held responsible for all this mess. Nuff said.
Not really. Governments are just being played by the big banks with their money making schemes. Not that governments are innocent, but with the current system they have the choice between bad and even worse.
Exactly!
15.
Post 3668381 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Mining Bitcoin by hand (self.Bitcoin)
submitted 19 hours ago* by C121
I figured I'd calculate how long it would take to mine bitcoin using a pen and paper for fun.
According to some forum posts, it takes 3385 integer operations to calculate one double SHA-256 hash.
These are 32-bit operations, so we'll give a very generous estimate of 10 seconds per operation (we're assuming that you're a numeric genius)
This works out to a rate of .0000295 hashes per second. Not bad, right?
Throwing the current difficulty (609482679.88835) into this calculator gives us an average time of 2,809,786,333,451,380 years to mine one block. Have no fear, this is only 200000 times the age of the universe.
Now, at current rates of 25 BTC/block, and $600/BTC, this gives us an hourly profit of $0.000000000000000609/hr (assuming we're contributing to a pool, since competing with ASIC machines is just unfair), or about 1/300 of a quadrillionth the national (US) average.
What would it cost you to perform this?
One three ounce bottle of Noodler's ink is $12.50, and will write for approximately 33 km. Let's say that you're working in binary, and drawing a 1 and a 0 uses 1cm of ink, and you need to write 2 32 bit numbers per addition operation. That's 2166.4 meters of ink per hash. You can do about 50 operations on each side of a piece of paper. Paper runs for about a cent a page on Amazon, so that's about 34 cents per hash.
At the (approximate) 2,728,647,008,755,700,000 hashes you need to mine one block, adding these two costs together gives you a whopping $3,162,791,285,103,330,000.00 per block, or, if you're keeping track, you earn 0.000000000000474% of the money you spent mining that block (excluding the cost of petayears worth of food and shelter, and assuming the difficulty of mining and the value of bitcoin freezes forver at this moment).
Anyone want to get started with me?
tl;dr - mining by hand is no longer profitable.
http://www.reddit.com/r/Bitcoin/comments/1r3wau/mining_bitcoin_by_hand/Hilarious!!! Just hilarious!!!
Cheers to whoever wrote this!!!
16.
Post 3672707 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Again and again , why does it have to either crash or go to the moon , can't it have a week of relaxation around this comfy 700 price?
I suggest you get some sleep
17.
Post 3673624 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Risto, when do you plan to buy back at a loss - or you already did? (please
bear with me
)
It is not that simple
- "My" holdings are held through multiple organizations, which also have other stockholders, and they all have their different targets for investment allocation.
- Then there are arbitrage, OTC, and exchange operations that require fiat capital and are more profitable when there is high volatility, prompting to have more fiat at those times since it generates more BTC as the arbitrages are juicier (while also providing hedge against catastrophic loss when most needed).
- Then there is our family target of having a balanced allocation of crypto, precious metals, RE and other. Since crypto is the only one that tends to appreciate, if I sell too much and the price-chasing does not work, the situation corrects itself naturally and soon I am again looking for a new bubble to sell into.
=> If I make a move, I do it based on thorough analysis (thousands of lines of Excel data and hours of analysis before this one), have considered all the possible outcomes and assessed the probabilities, found a positive expected value (where the value function is a complex aggregate of all the goals of the different actors whose wealth I manage) and a
bearable worst case. Then I see how it unfolds, and pocket the profit or loss according to the plan.
If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.
If it goes down, then my greatest pleasure is that my market analysis was correct, and I also get to cash out a small amount of fiat, and keep the bitcoin count the same or even slightly increase it. So this is also profit.
With bitcoin, you cannot actually lose, that is the beauty of it 
Oh, please,
bear with me too.
I can see clearly that you have a very complex way of losing!!!
18.
Post 3674567 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.
Oh, please,
bear with me too.
I can see clearly that you have a very complex way of losing!!!
It almost feels like not losing at all, doesn't it?
Yep!
19.
Post 3674580 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Excuse me sire, I would prefer a ticket to Mars if you please!!!
20.
Post 3674934 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Excuse me sire, I would prefer a ticket to Mars if you please!!!
Co-incidently, I actually have a background in space physiology, and have worked with people involved in missions to Mars.
Bitcoin is interesting to think about from the perspective on an interplanetary currency. However, I presume there would have to be a MarsCoin alt given that communication times are so long!
For now though... like the real deal, lets just focus on getting this rocket off the ground
Oooops!!! Indeed. The max time that light needs to travel to Mars is 22.29 minutes. We should start mining the Marscoin!!!
Ok, who's in?
21.
Post 3675414 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Still with 7 transactions per second being the hard cap limit, I will always have a big bear in me telling me this will never grow out to compete with credit card companies. And also this issue can't be fixed.
better than having to wait three days for a stock trade to clear ...hmmm
The utopian feature of bitcoin, on which the whole "unlimited growth" picture is based (deflationary
currency), simply can't be realized. With 7 transactions per second, Bitcoin can NEVER be used as a full-grown global currency for day-to-day transactions. Once the general public fully understands the implications of a 7 tps limit, this will ignite the first cracks in the giant bubble we've been in since 2011.
Doesn't mean I can't make profits on this tremendous volatility though. Daytraders heaven, we are in now.
7 transaction /sec translates to 600000 per day.
That would make a huge database within months. Bitcoin and any other blockchain currency will only grow along with the computers that run it.
Not any faster.
For the time being though, the sky is the limit (ahem, I mean Mars)!
22.
Post 3675769 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Is this a massive breakout trying to happen? Anyone?
Looks like it. Let's see what happens when the $800 wall goes down.
23.
Post 3676769 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.27h):
Someone has 200M worth of BTC. holy crap
Wow!!!
24.
Post 3688194 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.28h):
25.
Post 3688247 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.28h):
26.
Post 3695993 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.28h):
Come on Zangelbert. You can't possibly believe everybody is going to get rich? I mean, sure, if bitcoin is a more efficient method of payment and finance in general, then it will benefit the general population, much like the internet itself has already provided many benefits to the economy. But it doesn't instantaneously transform everybody into millionairs.
Not instantly. I said financial freedom in a decade or two, and I mean by today's standards.
Bitcoin is more than just frictionless payments and finance. It's a complete restructuring of the world and the elimination of many inefficiencies that held people back. The removal of those inefficiencies isn't just going to make sending money cheaper and some online goods available at a discount. It will enable whole new industries like the Internet has, but it goes far beyond even that. It fundamentally, radically decentralizes power. It blows away most of the borders that kept people from participating in the international division of labor. It thwarts all kind of oppression, especially economic oppression.
It is "rat poison," as Charlie Munger inadvertently said, or as Chamath Palihapitiya called it, "schmuck insurance." Power to the people. Truly free markets, everywhere. Think China during Mao's reign versus now. That's the kind of change that's coming. Even for people who never invest in this bull market.
Indeed, it is like that! Thumbs up!
27.
Post 3700687 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.28h):
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality.
Why do people have the right to an opinion that has no basis in reality?
You dumb shit.
Simply because nobody can claim to know and/or understand all of reality.
28.
Post 3700717 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.28h):
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality.
Why do people have the right to an opinion that has no basis in reality?
You dumb shit.
Simply because nobody can claim to know and/or understand all of reality.
Basis does not equal ALL OF REALITY. A basis is a foundation from which you reach conclusions.
Ok, I didn't read your whole argument but a basis is only
A basis anyway. One of many that exist
for any particular topic in discussion.
29.
Post 3705154 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.28h):
The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin
ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days.
It's exactly like that.
30.
Post 3713036 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Crashing all the way down to 780!
ROFL!!!!!
31.
Post 3713058 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Can you imagine that there are still some bears?
32.
Post 3713369 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
YIIIIIIHAAAAAAAHHHHH!!!!!!
33.
Post 3713426 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
A few signs pointing to the bear trap closing for good at this price. Will be interesting to see if the follow through is there.
No, someone is keeping the price up. No way you get simultaneous massive buys on every exchange at the same exact time.
Where's you tinfoil hat?
34.
Post 3713486 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Someones cashing out before it crashes
Cashing out dollars, right?
Coins silly
Attaboy!!!
35.
Post 3721824 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Lots of $ and few coins on gox!!!! This rocket is going to Mars this time!
36.
Post 3725858 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
This made me LOL so fucking hard i almost passed my pants.
How can you pass your pants???
37.
Post 3725891 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
38.
Post 3725905 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
1 mBTC = $0.95
Still time to jump on the train before dollar parity.
Sooooooo many trains to jump on!!
39.
Post 3726838 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Has anyone thought that if Bitcoin (or similar) becomes a world currency, there will be historians and anthropologists crawling all over the backups of these forums 200 years from now, understanding how the crypto revolution happened?
Weird to be in the middle of history.
Oooopsie!!! We should be careful what we say!
40.
Post 3734165 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
reward me for staring blankly at screens
Absolutely not!!! You will risk ie buy!!! Invest in us! Invest in yourself!
Edit: "buy now" became "buy"! Don't want to push anyone.
41.
Post 3734291 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Beautifully said and depicted!!! Congrats!
42.
Post 3734993 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Any update on your current stance since breaking ATH last night? if you don't mind sharing it with us.
Hoping for some more bearish insight?
Did you buy back in yet?
This market is going to a $1000 and beyond. We are getting resistance as expect. Buying is trepidatious as expected. And what is the result? More consolidation right near ATHs. Very very bullish. All this talk of these schools of whales sweeping in to ruin the party is just urban legend. 10ks of coins are being sold off everyday and here we are still right under 1k.
Lol, funny enough but I find 'bearish insight' to be more sensible and plausible than bullish insight. I haven't bought back in yet no, certainly not at these prices, a crash is only round the corner, it's a fact, a law of the universe even, we both know it. That's when I'll be waiting with QtTraderbot to munch all the cheap coins.
With bitcoin what we "know" becomes lack of knowledge. It's a totally different animal, at least at this time.
How can an asset pushing so hard against its ATH be bearish?
43.
Post 3735172 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Any update on your current stance since breaking ATH last night? if you don't mind sharing it with us.
Hoping for some more bearish insight?
Did you buy back in yet?
This market is going to a $1000 and beyond. We are getting resistance as expect. Buying is trepidatious as expected. And what is the result? More consolidation right near ATHs. Very very bullish. All this talk of these schools of whales sweeping in to ruin the party is just urban legend. 10ks of coins are being sold off everyday and here we are still right under 1k.
Lol, funny enough but I find 'bearish insight' to be more sensible and plausible than bullish insight. I haven't bought back in yet no, certainly not at these prices, a crash is only round the corner, it's a fact, a law of the universe even, we both know it. That's when I'll be waiting with QtTraderbot to munch all the cheap coins.
With bitcoin what we "know" becomes lack of knowledge. It's a totally different animal, at least at this time.
How can an asset pushing so hard against its ATH be bearish?
Agreed. We don't know.
It's a "law of the universe" because the last two major Bitcoin rallies ended in crashes? OK.
The more I think about the consequences of bitcoin, the more I understand how little I know about my reality (not to mention other people's) and what it can become!!!
44.
Post 3736284 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Agreed. We don't know.
It's a "law of the universe" because the last two major Bitcoin rallies ended in crashes? OK.
Unfortunately we don't have a crystal ball to see into the future so we cant predict bitcoin's next move. It genuinely is like watching the roulette ball bounce around the wheel, where will it land?
What we do have though is past data to analyze, and from that data we have seen that when ATH's are broken to this extent, they typically end in a correction or crash. I trust past market data to be more reliable and trust worthy than guessing bitcoin's next move personally.
Do you also drive your car looking back?
45.
Post 3736967 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
46.
Post 3740091 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
Darn fireman forgot to light the last boiler!!!
Come on fireman!!! We need warp speed!!!
Weeeeeeeeeeeeeeeeeeeeeeeeeee!!!!
47.
Post 3740237 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.29h):
People prefer Fix It Again Tony at this time!!!
WOW!!!
48.
Post 3740335 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
it's bullish that neither stamp nor gox were crippled with all this volume
Yep!!!! It's no April!!!
49.
Post 3741855 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
I already switched bitcoin-qt to mBTC.
Much better!
50.
Post 3742621 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
reward me for staring blankly at screens
Absolutely not!!! You will risk ie buy now!!! Invest in us! Invest in yourself!
Personally I'd rather buy at 1000gox.. then buy right now at 970 gox.. or the cavirtex equiv of 910 or so
Alexeft.. I hope you see this today..I bought at 908 or so.. (920cad fees included) I dwelled on it for an hr after your post.. read some more bear bull reasoning.. and met half way ..and grabbed a coin. Had to take my grandparents to an appointment today..and the market corrected a bit during that time frame,but my buy orders down in the 890cad range were filled
second coin I owe to you.
A tip of my hat to you sir.
You don't owe me anything. I just realized today that when using deflationary currency, if I produce something and its value is represented in that currency, you win too, since the price of the currency goes up. It's vice versa too!
In fact, I should be thanking you, so, thank you sir, you are really kind!
51.
Post 3742709 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
reward me for staring blankly at screens
Absolutely not!!! You will risk ie buy now!!! Invest in us! Invest in yourself!
Personally I'd rather buy at 1000gox.. then buy right now at 970 gox.. or the cavirtex equiv of 910 or so
Alexeft.. I hope you see this today..I bought at 908 or so.. (920cad fees included) I dwelled on it for an hr after your post.. read some more bear bull reasoning.. and met half way ..and grabbed a coin. Had to take my grandparents to an appointment today..and the market corrected a bit during that time frame,but my buy orders down in the 890cad range were filled
second coin I owe to you.
A tip of my hat to you sir.
You don't owe me anything. I just realized today that when using deflationary currency, if I produce something and its value is represented in that currency, you win too, since the price of the currency goes up. It's vice versa too!
In fact, I should be thanking you, so, thank you sir, you are really kind!
Hey well I'll tell my kids or family the story behind my bitcoin stash. How one fateful cold Nov. night (while in my warm basement
) a kind gentlemen/women helped me Invest in myself
52.
Post 3743347 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
After the $1K mark today; I've been -literally- bombarded with questions about the "roof" the price will be "landed". I know that bitcoin is nothing like anything we know up until today; but still; we can estimate a projected value regarding something similar. Gold.
This is a rough estimation I did back in March (before the April crash). I think it remains pretty accurate to give you an idea. It's also posted at
www.bitcoinvest.eu for Greek readers.
The money in circulation today ($USA) is 1,18 trillion dolars (data 20.03.2013, Federal Reserve). Gold minted during our presence here is now 171,300 metric tons. Therefore there's $6,888.5 per kilo of gold. The current (27.03.2013) gold value per kilo is $51,267 (
http://goldprice.org/) which means this is overpriced about a factor of circa 7.5. That's because NOT ALL of gold is available for trading.
If the total lot of bitcoins reaches 21M (it comes @ 2140) and NO EXTRA DOLARS are being "cut" (unlikely, but say it is so), the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
If you now take in mind the overpriced hypothesis of gold; then you get the idea...
PS:
It's also posted here answering (guess) the same question...
http://np.reddit.com/r/Bitcoin/comments/1rloww/serious_question_do_we_have_any_reasonable_idea/If you have any objections; please let me know.
Gold is not being used for day to day transactions.
On the other hand, if bitcoin is used for day to day transactions the price would be even higher.
Whatsmore, bitcoin is also a very nice store of value, hence the price would be even higher than the statement above.
53.
Post 3743375 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
The money in circulation today ($USA) is 1,18 trillion dolars [...] the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
How about the us debt + the rest of the world currencies?
We're talking about circulation (aka: the $ that can buy gramms of gold). Debt is not in circulation (or it may as well is - who knows
)
About the only thing that is in circulation is debt, as even cash is debt. Someone took a loan for it to be around!!!
54.
Post 3743409 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
The money in circulation today ($USA) is 1,18 trillion dolars (data 20.03.2013, Federal Reserve). Gold minted during our presence here is now 171,300 metric tons. Therefore there's $6,888.5 per kilo of gold. The current (27.03.2013) gold value per kilo is $51,267 (
http://goldprice.org/) which means this is overpriced about a factor of circa 7.5. That's because NOT ALL of gold is available for trading.
So European and Chinese people are not allowed to buy gold unless they use dollars? ;-)
People: It's simple. Your money (wherever you are) are equals to SOME dollars. It's a THEORETICAL approach.
Ok, it's an approach, only IMHO it's very narrow in that you anly take into account money that is in circulation.
Then again, I certainly don't know how far bitcoin will go.
55.
Post 3743414 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
The money in circulation today ($USA) is 1,18 trillion dolars [...] the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
How about the us debt + the rest of the world currencies?
We're talking about circulation (aka: the $ that can buy gramms of gold). Debt is not in circulation (or it may as well is - who knows
)
About the only thing that is in circulation is debt, as even cash is debt. Someone took a loan for it to be around!!!
Not necessarily true. Governments pay people for stuff all the time.
They do, but they become indebted to central banks or others to do so.
56.
Post 3743455 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Ok, it's an approach, only IMHO it's very narrow in that you anly take into account money that is in circulation.
Then again, I certainly don't know how far bitcoin will go.
I could help and support your own one; if you like...
Please, indulge!!!
57.
Post 3743508 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
The money in circulation today ($USA) is 1,18 trillion dolars [...] the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
How about the us debt + the rest of the world currencies?
We're talking about circulation (aka: the $ that can buy gramms of gold). Debt is not in circulation (or it may as well is - who knows
)
About the only thing that is in circulation is debt, as even cash is debt. Someone took a loan for it to be around!!!
Not necessarily true. Governments pay people for stuff all the time.
They do, but they become indebted to central banks or others to do so.
Also generally not true, most government outlays come from taxes. Only a small portion of expenditures in a given year are from borrowing.
In the US, at least, M1 is larger than the internal debt, so cash is not debt.
If the only one allowed by law to issue dollars, euros etc are banks (central and/or peripheral), and they only issue it as loans, then all money has to be debt, old or new.
58.
Post 3743518 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Ok, it's an approach, only IMHO it's very narrow in that you anly take into account money that is in circulation.
Then again, I certainly don't know how far bitcoin will go.
I could help and support your own one; if you like...
Please, indulge!!!
Here is a nice way to start
https://s3.amazonaws.com/tristara-backup/slidersThere's no indulgence in that!!!
59.
Post 3743599 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
The money in circulation today ($USA) is 1,18 trillion dolars [...] the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
How about the us debt + the rest of the world currencies?
We're talking about circulation (aka: the $ that can buy gramms of gold). Debt is not in circulation (or it may as well is - who knows
)
About the only thing that is in circulation is debt, as even cash is debt. Someone took a loan for it to be around!!!
Not necessarily true. Governments pay people for stuff all the time.
They do, but they become indebted to central banks or others to do so.
Also generally not true, most government outlays come from taxes. Only a small portion of expenditures in a given year are from borrowing.
In the US, at least, M1 is larger than the internal debt, so cash is not debt.
If the only one allowed by law to issue dollars, euros etc are banks (central and/or peripheral), and they only issue it as loans, then all money has to be debt, old or new.
Not if that debt is settled without removing the cash from circulation.
That can never happen because of interest.
Let's play a game. Suppose you are a central bank and I am a client. There's no money in circulation and you are the only one allowed to issue it. You also require interest to issue money.
Now, I request a $10 loan. With interest, you should get back $12. BUT only $10 exist. The only solution is for you to give a loan to the next client and then the next etc............ all the way to infinity. Until numbers lose their meaning!!!
I hope you understand!!!
60.
Post 3743770 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
The money in circulation today ($USA) is 1,18 trillion dolars [...] the projected theoretical value is 1,18 trillions of $ /21 Million Bitcoins= $56,190.47 per bitcoin.
How about the us debt + the rest of the world currencies?
We're talking about circulation (aka: the $ that can buy gramms of gold). Debt is not in circulation (or it may as well is - who knows
)
About the only thing that is in circulation is debt, as even cash is debt. Someone took a loan for it to be around!!!
Not necessarily true. Governments pay people for stuff all the time.
They do, but they become indebted to central banks or others to do so.
Also generally not true, most government outlays come from taxes. Only a small portion of expenditures in a given year are from borrowing.
In the US, at least, M1 is larger than the internal debt, so cash is not debt.
If the only one allowed by law to issue dollars, euros etc are banks (central and/or peripheral), and they only issue it as loans, then all money has to be debt, old or new.
Not if that debt is settled without removing the cash from circulation.
That can never happen because of interest.
Let's play a game. Suppose you are a central bank and I am a client. There's no money in circulation and you are the only one allowed to issue it. You also require interest to issue money.
Now, I request a $10 loan. With interest, you should get back $12. BUT only $10 exist. The only solution is for you to give a loan to the next client and then the next etc............ all the way to infinity. Until numbers lose their meaning!!!
I hope you understand!!!
As far as I understand, the interest is actually counted as profit, and doesn't disappear when you pay it off. It actually gets spent into the economy again, unlike the principal that do disappear when you pay it off. So you can pay off $10, then $2 gets spent into the economy, and you can try to earn that to pay off the last $2 as well (simplified). It doesn't make the system moral in any way, but I still think it's important to be correct about it.
It's not a matter of morality. It's just impossible since the $2 don't exist.
61.
Post 3752220 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Yep, just read it. Surprised? No. I've read many like it. Old school establish ecconomists dismissing bitcoin as just another tulip story.. or just another blah blah..
Yeah.. spare me please.
The comments section is even worse. Everytime i read comments on a bitcoin story on the web.. you see the same ill-informed opinion, and the same questions raised again and again.
Though it is hardly surprising that these are questions raised by people who have not done any research into it.
What is it backed by?? Cryptography and maths.
How do we know there will only be 21 Million ever?? Cryptography and maths.
Yes agreed. The concern is the general public (read potential future bitcoiners) are put off by the negative aspect of articles like this. Unfortunately not everybody understands cryptography or maths.... but however this is a short term problem that will be overcome as bitcoin becomes more user friendly, just like the early internet.
I read the first couple of comments then dismissed them after reading somebody trying to say that 'they' (whoever 'they' are) can increase the 21M limit at will.
What a piece of crap that economist is saying!!!!
Read this:
The big advantage of Bitcoin as "stateless money" is that when it collapses, the government won't have to bail it out.
Who is the government in a democratic country? Its people! And they have to bail out f... banks (trust me on this one, I am Greek)!!!!
So, I trust banks with my money, they fuck it (as they are doomed to do because of their very existence) and then I have to bail them in or out or whatever.
To make it short, I bail out myself because I am a fool in that I trust what is doomed to fail (that is banks)!!!! Well, silly me then!!!
NO MORE
62.
Post 3754289 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
63.
Post 3754362 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Lets beat GOLD, i want to see what media has to say?
Bubble, bubble...........
64.
Post 3754446 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
WoW, german radio (SWR3) bashing bitcoin:
- Not legitimate
- Not backed by anything
- Could be gone in a year
- Do not invest into Btc
- Keep your children away from it!!
To be honest, I am surprised bitcoin isnt bashed more in Germany. That country has obsession with regulations and outright bans.
It was also the 1st country to regulate it... Think... think...
Most important is how they regulated it!!! They only impose taxes if one holds bitcoins for less than a year!!!
They make people bulls!!!
BTW Germany has 85% public debt/GDP and 400% private debt/GDP
Think?
65.
Post 3754461 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
66.
Post 3754589 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
yikes. slooow down bitcoin please. I'd rather crash later than sooner
Thou shall reach $1000000 and then thou shall crash to $999999!!!
ROFL!!!!
67.
Post 3755650 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Hmm. Promised myself I'd take some profit when I could get 1k on bitpay. Not sure I can bring myself to do it.
Just make sure you don't quit eating!!!
68.
Post 3756987 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
I disagree. Are you willing to make a bet about it?
it started going down on gox at the time the 0% fee got active...
You mean it's going down now??? Gosh!!!
69.
Post 3757104 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
I disagree. Are you willing to make a bet about it?
it started going down on gox at the time the 0% fee got active...
You mean it's going down now??? Gosh!!!
PANIC SELL EVERYBODY THE BOAT IS SINKING!!!!!
Well, no the price has gone down with $80 from its high.
You 've got to try harder.
PANIC SELL EVERYBODY THE BOAT IS SINKING!!!!!There!! That's better now!
70.
Post 3757968 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
He uses fiat money!!!
71.
Post 3761820 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
I only feel good at ATH
Be prepared to feel good at all times then!!!
72.
Post 3761933 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
73.
Post 3761979 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
74.
Post 3762086 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Holy f...
WHat a dump was that!!!
75.
Post 3762145 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Everyone having fun yet?
Yes!!! We love dead bears!!!
76.
Post 3762180 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
I would love to be so rich that I can just dump thousands of coins on the market like a moron while not giving a fuck about slippage. (Not to mention acquiring those lovely Gox dollars in the process!)
Ahh... to be moronically rich!
The joys eh...
77.
Post 3763747 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
There is also the chance they bought their own walls to induce momentum.
Anyone with more bitcoins than 1,000 is
cautious of the rise, and
scheming to keep the price
in check to solidify their own position in the real world. (Anyone with <1,000 coins does not have walls)
Yeah!! They drive their cars forward while looking back!!!!
78.
Post 3763749 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
just needed to re-post it ...
Me too!!!
79.
Post 3768211 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Where did this video show up? I'd like to know how old it is.. The pumping is now being directed to the dumb masses..
Feeding the greed... Somehow "a dentist in country X accepts it" becomes "in country X, dentists accept it".
That video made my sick. It felt like a brain extraction surgery...
How can people watch that? It's practically brainwashing...
Me too!!!
80.
Post 3768247 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
My forecast... channel breakdown suggests a correction back to around 1090. Then probably sideways for a few days. Charts need to be a lot more flexible, anyone have better chart space let me know!
There was one that i liked a week back showing that we were entering a pterodactyl pattern
clearly, it's now a humpback giraffe pattern. sheesh.
With its tongue stuck out.
Bears say that if the giraffe throws its tongue out as in the picture, it will suddenly become a shortie!!!!
81.
Post 3768315 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
82.
Post 3769933 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
BTC-China & MTGox in sync for the last 10 hours
Nice
This is perfect markets in action. A rare event. Both china and gox have zero fees so the arbitrage bots are working at their best.
Apart from the fees, is it perhaps that this market is not manipulated by such heavy hands as the ones in "normal" life?
83.
Post 3772103 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Well. So much for patterns and recent trends.
...thou shall NOT drive your car looking back!!! All right?
84.
Post 3772136 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Bears, bears!!!
Why are you people always looking for a "correction"?
Do you think the price is wrong? Why is it wrong?
85.
Post 3772262 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Confession - I went a little bit into fiat at 1215, so I am hoping for a bit of a correction.
Hey - it's no fees weekend, am I forgiven?
No need to confess. In the heart of every bull they know deeply this is highly overvalued. You just have the balls to admit it.
I have bowls!!!
But I don't understand why the price is wrong so that it needs a correction!!!
Would anyone care to give a logical explanation?
86.
Post 3772272 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Well. So much for patterns and recent trends.
...thou shall NOT drive your car looking back!!! All right?
But! But! But! A single reverse gear ratio is all I need!
http://youtu.be/ftGaTPpRlDwI'm sorry my friend but you and I live in a matrix where time only goes forward! Unfortunately!
87.
Post 3772803 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.30h):
Confession - I went a little bit into fiat at 1215, so I am hoping for a bit of a correction.
Hey - it's no fees weekend, am I forgiven?
No need to confess. In the heart of every bull they know deeply this is highly overvalued. You just have the balls to admit it.
I have bowls!!!
But I don't understand why the price is wrong so that it needs a correction!!!
Would anyone care to give a logical explanation?
You need to stop viewing the term correction as a negative thing, markets rally up, correct down, consolidate, trend sideways, break out. All of which are healthy behavior. If the price continued to rise every day without fail, how would bitcoin every be used for commerce? From now on when someone says 'expect a correction' think 'yisss!' because a healthy correction will lead to a healthier continual growth.
It's not the correction that I think of as negative. It's the predictions.
88.
Post 3782072 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.31h):
A certain regular contributor to here has two 'attack threads' about him set up - WTF?!
I think it's the last phase before: "...then you win". Oh well
I'll show you how it's done!!!!
Everybody out!!!! This boat is sinking! This train is crashing! This rocket is falling!There! You should try it!
89.
Post 3782309 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.31h):
So, yeah, all of you are right!!!
If it doesn't always move up, then it's going to crash hard!!!
And we all are very disappointed!!! Sure!!!
90.
Post 3782789 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.31h):
So, yeah, all of you are right!!!
If it doesn't always move up, then it's going to crash hard!!!
And we all are very disappointed!!! Sure!!!
Yes that's what going to happen in the coming week!
You mean that it will be stable and we will all be diappointed?
91.
Post 3782860 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.31h):
Enjoy!
92.
Post 3855100 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.33h):
Dammit Gox, we're trying to have a crash here. You're ruining it.
ROFL!!!
93.
Post 3855143 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.33h):
So, TA specialist, we have a game of: "Name the pattern". You can buzz in at any time!
Why, this is a textbook example of the classical sawteeth-take-a-lunch-break pattern. It indicates that something might happen either sooner or later. I suggest buying/selling immediately!
Nahhhhhhhhh!!! It's just noise from them cutting wood to burn under the boilers that produce steam to use in their turbines to produce electricity to run the servers at gox!!!
94.
Post 3855543 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.33h):
Is that a triple bottom???
95.
Post 3856425 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.33h):
Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.
+1
It looks a scarily immature system for anyone to feel secure in investing in, if the 'major' and best known exchange is not remotely reliable
Imagine what the price will if/when the exchanges become reliable!
96.
Post 3888680 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.34h):
I feel that this is the last time we see
BTCs under $1K...
Me too!
97.
Post 3889073 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.34h):
getting nervous holding right now....
Normal, since your nickname is ShakyhandsBTCer ...
98.
Post 3901651 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!!
Gimme bitcoin man, anytime!!!
99.
Post 3901848 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!!
Gimme bitcoin man, anytime!!!
The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...
They can't patent anything bitcoin! Just like they can't patent anything linux.
And I think they will invest just because it's deflationary. Don't you think that banks are victims of themselves with fractional reserve banking?
Don't you think they know that? I do!
100.
Post 3901916 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!!
Gimme bitcoin man, anytime!!!
The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...
Here's the interesting thing.
One, a bank like Chase could make a coin more accessible to people than Bitcoin.
However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.
So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.
Bitcoin has value because it is open source, decentralized, and deflationary. There is no chance whatever crap Chase comes up with will match that. Also, bitcoin is worldwide. The Chinese or Israelis or Indians, or Argentinians, etc., have no interest in anything Chase does. I can't see what Chase can bring to the table that Paypal doesn't anyway. This is nothing . . .
Exactly!!!
101.
Post 3903932 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
China and btc e falling by themselves over the last hour or so, gox barely any volume.
The fact that there
is any volume, is an indication that someone is buying. This is bullish! To the m00n, boyz!
Oh, we're not there yet? I'm going to sleep! Wake me up when we reach, I want to admire the view, thanks!
102.
Post 3904461 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Was only a matter of time!
"Thanksgiving day, while many of us were eating turkey, The United States Patent and Trademark Office (USPTO) published JPMorgan Chase’s (Chase) patent application 20130317984, “Method and system for processing internet payments using the electronic funds transfer network.” The application was filed with the USPTO on August 5th, 2013.
Without mentioning Bitcoin or cryptocurrencies at all for that matter, Chase appears to be building a competing centralized network to Bitcoin."
http://letstalkbitcoin.com/jpmorgan-chase-building-bitcoin-killer/I guess what the wheel needed was a square shape!!! It's more functional that way!!! ROFL!!!
103.
Post 3904496 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Was only a matter of time!
"Thanksgiving day, while many of us were eating turkey, The United States Patent and Trademark Office (USPTO) published JPMorgan Chase’s (Chase) patent application 20130317984, “Method and system for processing internet payments using the electronic funds transfer network.” The application was filed with the USPTO on August 5th, 2013.
Without mentioning Bitcoin or cryptocurrencies at all for that matter, Chase appears to be building a competing centralized network to Bitcoin."
http://letstalkbitcoin.com/jpmorgan-chase-building-bitcoin-killer/I guess what the wheel needed was a square shape!!! It's more functional that way!!! ROFL!!!
I get the feeling their trying to patent it just to own it.
Probably, but they can only patent what doesn't exist yet. Bitcoin existed before them!
104.
Post 3904621 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Buy Infinitecoin crash JPMorgan!!!
My interim target price for Infinitecoin: $100
So, everyone can have a lot of money!!! Zimbabwe style, yeah!!!
105.
Post 3904776 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Buy Infinitecoin crash JPMorgan!!!
My interim target price for Infinitecoin: $100
One more thing! Infinitecoin client is at version 1.8.5 while copying the bitcoin one which is at version 0.8.5!!!!
I mean, YEAHHHHHHHHH, I trust that thing!!!!
106.
Post 3904829 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
bid sum at $36.135 million @ gox
Lots of money and little activity!!! Everyone is waiting for cheap coins and/or weak hands!!!
Can anyone guess what will happen?
107.
Post 3905017 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
I guess all wait for the marking signal... Where's the count-down man???
5
Surely feels like that, doesn't it??
108.
Post 3905114 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
0!!!And
yes; I'm gonna miss it. I have to drive back home for the next hour...
Lpg or diesel?
109.
Post 3905899 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Guys, difficulty just jumped up by 200 mil!!!
110.
Post 3905985 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
It was obviously not going higher
yeah, ok
Also if you are bear, everything is bearish - volume too low, volume too high, rally is too fast, growth is too slow, no movements at all
LOL!!!
111.
Post 3906016 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Guys, difficulty just jumped up by 200 mil!!!
November KnC hardware hit the market. I'll have less BTC to throw away, trading...
Pretty bullish, isn't it?
112.
Post 3906038 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
NOBODY HURT THE CAT!!! I'LL TAKE IT HOME!!!
113.
Post 3906094 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Guys, difficulty just jumped up by 200 mil!!!
November KnC hardware hit the market. I'll have less BTC to throw away, trading...
Pretty bullish, isn't it?
If the price falls it's going to be painful for miners. Not even talking about ROI.
Nothing bitcoin is painful unless one overinvests! Don't you think?
114.
Post 3906228 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Guys, difficulty just jumped up by 200 mil!!!
November KnC hardware hit the market. I'll have less BTC to throw away, trading...
Pretty bullish, isn't it?
If the price falls it's going to be painful for miners. Not even talking about ROI.
Nothing bitcoin is painful unless one overinvests! Don't you think?
Most of the miners did overinvest. But if I'm wrong throw me the numbers.
Got no numbers! Can only speak for me! I bought a 7970 before asics which I now use to game! Currently mining with 7 usb sticks!
None of these would turn me upside down!
115.
Post 3906251 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Most of the miners did overinvest. But if I'm wrong throw me the numbers.
I will buy their cheapest ASICs when the price falls to $10
$10 price of mBTC?
No. $10 price of megaBTC
Has the time machine been invented?
116.
Post 3906397 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Guys, difficulty just jumped up by 200 mil!!!
November KnC hardware hit the market. I'll have less BTC to throw away, trading...
Pretty bullish, isn't it?
If the price falls it's going to be painful for miners. Not even talking about ROI.
Nothing bitcoin is painful unless one overinvests! Don't you think?
Most of the miners did overinvest. But if I'm wrong throw me the numbers.
Got no numbers! Can only speak for me! I bought a 7970 before asics which I now use to game! Currently mining with 7 usb sticks!
None of these would turn me upside down!
Fair enough. I was more talking about miners with bigger hardwares.
Obviously, but I don't have any numbers.
Miners are in a closed loop of chasing their tails. The more they mine, the less value they produce. If it weren't for bitcoin's decreasing mining reward, they would never be able to come out clean.
Anyway, I decided that I wanted to help some with the dirty job.
117.
Post 3907147 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
What did I miss?
?
Is it diesel or lpg for you?
118.
Post 3907209 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Is it diesel or lpg for you?
Bwaahaha..
Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.
It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!
119.
Post 3907295 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
What did I miss?
?
Is it diesel or lpg for you?
Benzene actually... But I love my Hippo...
hippo? What's that?
120.
Post 3907379 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
What did I miss?
?
Is it diesel or lpg for you?
Benzene actually... But I love my Hippo...
hippo? What's that?
So, you drive an off road vehicle in Greece on gasoline!!! I bet you are rich!!
121.
Post 3908081 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Is it diesel or lpg for you?
Bwaahaha..
Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.
It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!
How, huh? What?
I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?
Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write
)
It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?
122.
Post 3908166 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Is it diesel or lpg for you?
Bwaahaha..
Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.
It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!
How, huh? What?
I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?
Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write
)
It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?
Blame the dinosaurs for not having more sex. Politicians can't magically conjure fossile fuel, it's a finite resource unfortunately.
It seems that you haven't seen a paper from BP where it is stated the from the nineties until global reserves have risen by 144% while global demand has only risen by ~40%!!!
Dinosaurs having sex? Gimme a break...
123.
Post 3908184 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Is it diesel or lpg for you?
Bwaahaha..
Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.
It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!
How, huh? What?
I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?
Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write
)
It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?
€1.63?
That's expensive, but not that much.
Norway, oil-producing country has it at ~NOK15/l (~€1.79/l)
Of course there is always worse...
124.
Post 3908936 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
nomnomnomnom!!!
125.
Post 3909095 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Is it diesel or lpg for you?
Bwaahaha..
Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.
It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!
How, huh? What?
I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?
Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write
)
It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?
It's 1.3 here and you can't even go and compare the income of the average Greek with that of a Romanian.
And still people are driving like nuts all day.
Yeah... I'd probably be wise to avoid this discussion, it's a hornet's nest.
But when I read alexeft's comment "Greek government/EU is
banning commuting" I already had a hunch they're not doing anything like it. I'm going to guess they're cutting funding for commuting subsidies, which, I'm sure, will make life of the average Greek even harder than it already is, but it's hardly the same as "banning".
However, this way of phrasing things (subsidies being cut <--> "they're banning our freedom") is one of those things I see a bit too often coming from a subset of Greeks :/ Please note: a *subset*. I know plenty Greek people that take a different stance -- they're not exactly happy with their government or the EU, but they're by and large aware that the budget situation of Greece hardly allows for much spending right now.
Anyway.... flames incoming in 3 ... 2 ... 1
Why are you talking about a budget deficit in a world of inflationary fiat of which we don't have control?
How could we control our budget when the monetary policy is the one which suits Germany?
Our budget is contained now but 8% of our houses does not have electricity!!!!
126.
Post 3909171 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
C'mon babay!!! Gimme 1k!!! YEeeeeeeHAAAAAAa!!!
127.
Post 3909275 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
May I ask wtf happened all of a sudden ?! I was chillin' after work, playing with my kid all day and then - bam!
I'd like to know what exactly triggered this. Are the US buying in big, or is this driven from somewhere else ?
I just bought some!! That's all!!!
128.
Post 3909848 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
i wish im wrong but i feel this like a trap >.< the same guy pushing the price up is the one adding the selling walls -.- and then when it places it to push and starts to get eaten he removes it ...
i wish im wrong and we go to the moon tho, wich will do sooner or later
This is exactly what is happening
Wow
So manipulation
Such litecoin
wow
Actually, altcoins followed bitcoin's lead. You can find plenty of posts from 2010 and 2011 documenting bitcoin's moving walls and other price manipulating techniques. How do you think we got to where we are today?
Didn't buy in in time, did we?
129.
Post 3909943 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
i wish im wrong but i feel this like a trap >.< the same guy pushing the price up is the one adding the selling walls -.- and then when it places it to push and starts to get eaten he removes it ...
i wish im wrong and we go to the moon tho, wich will do sooner or later
This is exactly what is happening
Wow
So manipulation
Such litecoin
wow
Actually, altcoins followed bitcoin's lead. You can find plenty of posts from 2010 and 2011 documenting bitcoin's moving walls and other price manipulating techniques. How do you think we got to where we are today?
Didn't buy in in time, did we?
Oh, i certainly did. I'm just waiting for the most opportune time to dump tens of thousands of btc on all these bulltards.
And what might that time be?
130.
Post 3910010 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
And what might that time be?
Lots of people here have this guy on ignore.
Please don't quote him and make our efforts to forget some trolls like this even exist in vain.
Ok, I ignored him, sorry! He's obviously a troll.
131.
Post 3910597 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Wow. Venezuela: $0.04/gallon. Sick.
Even sicker is that you can get a new plasma tv at half the price.
Plasmas for everyone!!! And if the merchant doesn't agree he will get shot!
FYI, usury is a crime.
Good info!
132.
Post 3910914 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Just cashed out 7 BTC to pay for my GF to get big ass fake titties. Ill Probably regret selling one day but at least Ill have fun playing with something in the mean time. Thank You Bitcoin!
So which one is it? =))
Eh, easy, it's both!
133.
Post 3911053 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Just cashed out 7 BTC to pay for my GF to get big ass fake titties. Ill Probably regret selling one day but at least Ill have fun playing with something in the mean time. Thank You Bitcoin!
So which one is it? =))
Eh, easy, it's both!
I just had an wonderful idea , how about getting a bitcoin tattoo like this one: (well i meant the spot)
It should make lot's of people aware of... bitcoin
))
I can't, I don't have titties!
134.
Post 3911182 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
You should tatoo your bitcoin's address QRcode instead !
lmao, the future of stripping is here. Making it rain satoshi's, bitches!
Beat me to this
We need more girls in this section , really fast!
This week I will check if we got 5 pages one after other talking only about whatever this thread is really about.
What? It's not about girls? WTF!!!
135.
Post 3911373 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Have we stopped talking about the price and started about girls and tits because the price is going down at mtgox?
Or do we need something to pump it up?
Just stating the obvious truths that pump prices among other things ...
136.
Post 3916346 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Anybody that would agree with this guy doesn't own Bitcoins, so they haven't got any to sell.
Hopefully the disinformation stops by the time anybody with a brokerage account can short.
So, he needs volatility but he criticizes it!!! How nice of him!
137.
Post 3916387 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Gox seems to be the only exchange that keeps 1000$ - btc-e, bfx, bitstamp, etc all 50-80$ below...
Thoughts?
It usually is like that.
138.
Post 3916441 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
NEWSFLASH:
After a question from a Greek EU parliament member about what happens to bank deposits that are below 100000 euros in case of a bank bail-in, Joaquín Almunia answered that the EU will not demand a haircut of those deposits, but that the country to which the bailed-in bank belongs can ask for it.
Original article:
http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113163037Translated to english:
http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113163037Banks are of no use anymore!!
139.
Post 3916747 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.35h):
Thanks for that. The washington post needs a btc tip address. Well worth the reading for the laughs.
I'm getting more and more concerned that no-one here seems to want to explore or even counter the 'negative' arguments around bitcoin or crypto...I don't mind reading erudite or informed denunciations of such arguments but everyone seems awful keen to dismiss any naysayers as idiots/fools without actually making a cogent defence.
We don't even seem to care about positive news. I just posted how any deposit amount can be confiscated in the EU and nobody cares!
140.
Post 3948139 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.37h):
Consumer protection, always. "We scare you, we protect you, oppose and we will crush you. The real question is, is bitcoin a risk for
us?. Screw the public."
They have studied it for 3 months. That should be enough to "get it". They, as individuals, are probably now in load-up mode with borrowed money. 150 % BTC, -50 % fiat is the goal.
It has powers to ban them?
Yes
141.
Post 3948178 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.37h):
Quote from the article
"Bitcoin is not backed by any central bank or government, or by physical assets. Its value depends on people's confidence in the currency."
Well, it's not like the euro is backed by anything else than our very asses!!!!! Ask me, I'm Greek!
142.
Post 3979291 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.38h):
Expecting ~$10 per line of code to do anything is pretty lazy, I think. Actual pay for a developer is probably closer to $1.
In my limited experience enterprise applications are made with shitloads of code, not this mythical "good programming".
What about the shitload of bugs?
143.
Post 3979638 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.38h):
People who write code are today's rock stars.
edit: and now they're driving around in Lamborghinis....that's gonna only add to that rep
Not sure that picture holds. As a professional coder I get paid about $97000 per year, converted from NOK, by a large multinational company. Then comes about 40% income tax, which leaves me with $38800 per year or $3233 per month or $161 per day or $21 per hour or
BTC0.029 per line, given the "think for an hour, write one line" mantra.
In other words 34.5 lines per BTC
Oooops! Caught a bug! 40% tax would leave you with $58200.
144.
Post 3981108 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.38h):
Cheers man! Good writing!
145.
Post 3981794 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.38h):
Here's what I'm pulling out of my ass: if the day ends with the 1D candle in green territory and if tomorrow we also get another green candle, then choo choo is more likely than trainwreck.
Nevertheless: every day that passes with btcusd over 800 makes this new price range generally accepted and hence a return to the 500's less likely. In which case I'd kinda feel sorry for rpietila because he has made some great contributions to the forum. While being happy for myself of course
At what value did rpie sell?
At an arbitrarily logical one!
146.
Post 3981977 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.38h):
Excuse me is this the choo choo to the moon or am I on the wrong train?
This is the "Range Trade While To Piss Bears Off Train." The to the moon train is scheduled in a few weeks.
147.
Post 3983395 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.38h):
i think planets like earth are a dime a dozen, and to think the human race is "Intelligent" is laughable!
This!
148.
Post 3990760 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.39h):
Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013
In response to a recent policy shift, BTC China now requires users to submit identification or passport number. Existing users will need to provide this information upon login. We apologize for any inconvenience. Please contact our QQ support if you have any problems
So, the recent Chinese "law" translated into exchanges requiring users to identify themselves! No big deal really!
149.
Post 3991304 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.39h):
150.
Post 3999557 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
Nicely going up. What a shame that probably will not remain. Waiting till end of week at value. What's yours speculations about it, guys?
One can see beauties such as this every now and then in this thread!!!
151.
Post 3999905 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
152.
Post 4000065 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others
You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants!
153.
Post 4008818 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
I can't make memes at work. Imagine usual meme of scared face. Text below.
WHAT IF
(meme)
RPIETILA WAS RIGHT?
Its not very hard to be right when predicting the price of bitcoin. Getting the time right is a bit more tricky.
Isn't it always like that? For example you can say "bitcoin shall rise, bitcoin shall fall, yada yada yada". You will be right so long as you don't tell when!!!
154.
Post 4009320 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
I dont get it, This bail-in is good news for bitcoin? so why would a bear push the price lower?
They are kind souls helping those "bailed-out" by the banks get on the bitcoin boat!
Aren't they?
155.
Post 4009348 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
Yes but its not planned for implementation until 2016. That figure doesn't mean a whole lot, if it passes there's little to stop it being brought forward, but its a nice comfortable looking 'long way away' figure for the media.
Now that you mention it, in 2016 we will have bitcoin reward halving! Imagine what a bull bitcoin will be!
ALL ABOARD!!!! CHOOOO CHOOOO!!!
156.
Post 4009554 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
Yes but its not planned for implementation until 2016. That figure doesn't mean a whole lot, if it passes there's little to stop it being brought forward, but its a nice comfortable looking 'long way away' figure for the media.
Now that you mention it, in 2016 we will have bitcoin reward halving! Imagine what a bull bitcoin will be!
ALL ABOARD!!!! CHOOOO CHOOOO!!!Lol, yes, Cyprus 2 on a continental scale
Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/
157.
Post 4012844 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
"...has less backing than the dollar"!!! Yeah! I needed a quick laugh! Thanks! ROFL!
158.
Post 4013755 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
somtimes i just want to dump all my money into BTC and run away from my problems
BUY BUY BUY!
Been there, done that!
Όλα;;;;;
159.
Post 4013880 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
Denial at an all time high in here. It's a bubble guys, it's happened multiple times over the last few years, this is how Bitcoin is going to grow, each bubble less severe than the last (on a percentage basis), until it stops. Trying to fight the trend is going to get you hurt. Keep in mind we are STILL 10x the low point of this summer, which was ~7x where we started the year.
Just this year:
$10 -> $260 -> $70 -> $1200 -> $300-500? ->
Sell your coins and buy back in when the dust has settled
If you say so.................................................not!
160.
Post 4014111 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
It is going up in the short-term only to go even lower by next week or so. We are eventually headed to the $400-$500 level - maybe slightly lower.
Probably much, much lower, now that the absolute worst has been confirmed by sources and by
official PBOC statements. Get out now.
just because we have a lot of new users in here now who may not understand the full context
http://www.youtube.com/watch?v=A7TuFy0fcuwROFL, that is awesome
Thanks
Goodness!!!! ROFL!!! I'm dead!!!
161.
Post 4014146 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.40h):
162.
Post 4022966 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.41h):
You know what bears??
When the going gets tough, the tough get going!!! No bitcoin sales from me!!
163.
Post 4023020 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.41h):
...and we are back in the 400s.
So be it! No more debt money for me thank you!
164.
Post 4023108 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.41h):
Technically we look much better off now than 3 days ago.
Technicals, schmechnicals. This is 100% mass psychology.
Discuss.
Sheeple are running!!!!
165.
Post 4025636 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.42h):
Rpietila should have made that bet with goat
I think people will stop making fun of him now.
He's nowhere to be found!!! Predicting that something (especially bitcoin) will fall is nothing more than FUD! One must also predict when and where to! Don't you think?
166.
Post 4027911 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.42h):
167.
Post 4027950 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.42h):
168.
Post 4028029 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.42h):
ok ill just come back in 20 mins.
Tsk tsk!!! That's what bears do to you!!!! They form BOTTOMS!!!
169.
Post 4040846 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
New ATH by new year!!!
170.
Post 4040851 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
...oh, and ... HODL!!
171.
Post 4041018 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
Wheeeeeeeeeeeeeeeeeeee on the 1h chart!!!
172.
Post 4041667 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
173.
Post 4041755 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
174.
Post 4045410 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
They are in mBTC batman!!!!
175.
Post 4045433 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
BTW shouldn't all exchanges switch to mBTC now???
We look too expensive as it is!
176.
Post 4045768 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
i smell a small correction coming
cheap coins are not over yet, everyone stop panicking in one direction and then the other.
just stop it!
Dizzy?
177.
Post 4053574 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
I am fucked again
I have got some money on mt.gox day after correction lowest point
Usually I panic buy in such cases but not this time
I thought to myself no I will be smarter and wait for further falls
But falls haven't happened and I end up with 0 new coins
I am angry because recently I make it wrong, waiting three days for cash and didn't buy single coin at the end, I am freaking out
Oh well, why would you choose to be a bear on the greatest bull of all times???
178.
Post 4053665 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
Oh well, why would you choose to be a bear on the greatest bull of all times???
Well, in retrospect moves seem obvious. Thus you think, I should act on all these obvious moves. Then you try to act before the move instead of regretting it after, only to discover that the move you thought was obvious was just a bit too subtle for Mr. Market.
It is particularly difficult to avoid this trap when you accurately predict things ahead of time, but fail to act on your prediction because you were skeptical of your ability to predict. The next time you have burritos before bedtime, you wake up with a wild hare notion that something in particular is going to happen, and you may not feel confident about it, but hey, your last prediction was good, and you didn't feel confident enough to bet on it, and this time you don't feel confident enough to bet on it either, so maybe this is a good prediction too?
You see, they don't want you to know that you know that they don't know that you want them to know that you think that....
Reminds me of a Kinks song: Paranoia, Brain Destroyer
Ok, but, not what I'm talking about. It is bitcoin itself that I call the greatest bull of all times. Not a person or group of people.
179.
Post 4054069 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
Rather than big trouble, I think we can say BTC is one resilient little bugger.
No man, it's one resilient BIG MOTHERFUCKER!!!!!
180.
Post 4055257 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
So Loaded did some serious job there in China. $80 up during my night time sleep!
Good Morning People!
and don't forget to...
HODL!
Evening from Australia.
And how is sunny Greece today
I will be out for a morning coffee later today (it's 10:40am) It's December but it's 19C outside which makes it a perfect day for me to go and photosynthesize
Heeeeeeeeeeeeeeyyyyyyyyy!!!! It's fucking frozen here!!! Photosynthesize for me too, will you? Thanks!
181.
Post 4055396 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
182.
Post 4057170 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
But he does tend to get it right.
With the amount of cash he has on hand, he can always MAKE SURE he gets it right...
Why would he troll then, if he had such an amount of cash!!!
183.
Post 4057285 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
But he does tend to get it right.
With the amount of cash he has on hand, he can always MAKE SURE he gets it right...
Why would he troll then, if he had such an amount of cash!!!
What about, just for fun. This guy has enough money and I bet he loves it when he gets to people.
God what a bad taste!!!!
184.
Post 4057311 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
But he does tend to get it right.
With the amount of cash he has on hand, he can always MAKE SURE he gets it right...
Why would he troll then, if he had such an amount of cash!!!
because he spent so many coins already to bring price to this level.
He what?
185.
Post 4057411 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
So much butthurt people and hate for Rpietila.... I guess many are regretting not having listened his latest call.
Yes, he is arrogant but guess what?
When someone's arrogant, it's not nice and we just ignore him.
But when someone's arrogant AND right, oh man... that sure brings out the worst in some around here.... too much jealousy...
So, you KNOW that he is rich! You ABSOLUTELY SURE about it!
You are also sure that he made his money trading!
Too many assumptions, don't you think?
186.
Post 4057426 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
So much butthurt people and hate for Rpietila.... I guess many are regretting not having listened his latest call.
Yes, he is arrogant but guess what?
When someone's arrogant, it's not nice and we just ignore him.
But when someone's arrogant AND right, oh man... that sure brings out the worst in some around here.... too much jealousy...
Don't know if there are many butthurt people (I'm not one of them). I'm happy for him and if I were in his place, I'd probably have a lot of fun playing with the minds of everyone here as well.
That's called trolling! There a lot better things to do! It's only bad taste IF things are like that!
187.
Post 4057433 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
So much butthurt people and hate for Rpietila.... I guess many are regretting not having listened his latest call.
Yes, he is arrogant but guess what?
When someone's arrogant, it's not nice and we just ignore him.
But when someone's arrogant AND right, oh man... that sure brings out the worst in some around here.... too much jealousy...
He predicted $300,000 per Bitcoin in December back in March/April and before his latest call he switched between bull and bear a few times before his final call. He's just guessing like anyone else
188.
Post 4057619 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
So much butthurt people and hate for Rpietila.... I guess many are regretting not having listened his latest call.
Yes, he is arrogant but guess what?
When someone's arrogant, it's not nice and we just ignore him.
But when someone's arrogant AND right, oh man... that sure brings out the worst in some around here.... too much jealousy...
Don't know if there are many butthurt people (I'm not one of them). I'm happy for him and if I were in his place, I'd probably have a lot of fun playing with the minds of everyone here as well.
That's called trolling! There a lot better things to do! It's only bad taste IF things are like that!
Welcome to the internet my friend. You will have to search far and wide for friendly, sane people.
I have some and yes, they are from far away and widely apart!
BTW, I don't expect to find logic in a feeding frenzy! Just observing and stating my bs!
189.
Post 4057779 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
Reptilia said to hodl
no, wait, ...
Hodl, sodl, hodl, sodl until you are borke!
190.
Post 4057847 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
The world is fine! Reporters are NOT!
191.
Post 4057989 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.43h):
192.
Post 4060159 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.44h):
Can someone please explain what the story with the goat is?
193.
Post 4060331 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.44h):
someone should make a site where we can trade BTC vs Goats's Shit.
start bagging that poop Goat!
194.
Post 4070481 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.44h):
sorry I am pretty new here. Does this chart say that the price will go up?
Thanks
The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart)
Mark of the beastcoin?
So satan
much devil
wow
very demon
ROFL!!!
195.
Post 4072059 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.44h):
1 hour since the last Block
Difficulty to the moon!
New ATH in difficulty! More than 1 billion!
196.
Post 4078993 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
I am curious if any daytrader types here would share,
what is your avg trade size in BTC? 100,10,1, 0.1, 0.01.......
0. I hodl!
197.
Post 4079005 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
Now buying: dogecoin, only with 2 BTC play money.
I always wanted to suggest to you to encourage your clients to "diversify" to DOGE.
Bitcoin is dead, long live the Dogecoin.
Woof!!!
very money
wow
198.
Post 4079029 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
BTW, we need a cryptocoin that will ultimately mint something like 10^10 coins!!!
Or does something like that already exist?
199.
Post 4079038 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
I am curious if any daytrader types here would share,
what is your avg trade size in BTC? 100,10,1, 0.1, 0.01.......
0. I hodl!
I hodl moar than zero!
You seem confused!
Edit: or maybe I am!
200.
Post 4079216 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
ROFL!!!! Holy coin batman!!! Very money! Much dog! Hodl!! WOW!
201.
Post 4079417 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
That Dog(e) shit is an insult to the average person's intellect.
oh come on, its is full of lulz
however it will be deader than dead in a month.
yup!
202.
Post 4079488 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
I have been thinking a lot about the doge phenomenon and it is really quite interesting.
Conceived as a parody, think of it as an actual implementation of CosbyCoin, it is one of the more elaborate mass trolls of our time.
I believe its intention was to point out the absurdity of cryptocurrencies in general, fair enough, this is a pretty out-there idea whatever its merits, but it has kind of blown up in the creators faces and threatens to teach the creators a lesson about the fundamental nature of money; that ANYTHING can be money if only people agree that it is. It puts me in mind of the
Rai stones of Micronesia.
The absurdity of cryptocurrencies?
203.
Post 4079561 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
I have been thinking a lot about the doge phenomenon and it is really quite interesting.
Conceived as a parody, think of it as an actual implementation of CosbyCoin, it is one of the more elaborate mass trolls of our time.
I believe its intention was to point out the absurdity of cryptocurrencies in general, fair enough, this is a pretty out-there idea whatever its merits, but it has kind of blown up in the creators faces and threatens to teach the creators a lesson about the fundamental nature of money; that ANYTHING can be money if only people agree that it is. It puts me in mind of the
Rai stones of Micronesia.
The absurdity of cryptocurrencies?
Yes, now to be clear, in my view they are far LESS absurd than fiat, but what do I know?
Far less absurd than fiat! That's what I know too!
204.
Post 4079568 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
205.
Post 4079589 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
that has been disabled for now i think
Oh well, nevermind! Thanks!
Are you the "goat" people in this thread are talking about?
206.
Post 4079732 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
Question of the night:
How do you (personally) say Mt.Gox?
1. Mount Gox
2. M-t-Gox
3. Magic: The Gathering Online Exchange
4. gox
207.
Post 4079739 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
that has been disabled for now i think
Oh well, nevermind! Thanks!
Are you the "goat" people in this thread are talking about?
Jep
Ooopsie!
208.
Post 4095006 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
209.
Post 4099397 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
So, now is a good time to buy? Or wait a little bit for it to go lower?
Flip a coin. Can't be worse than the advice you will get on this forum. Actually I recall a very old thread doing exactly that.
The user who did that was here a few days back: said it worked as well as, although not better than, TA.
Get flipping
Yeah, I figure TA works well enough (half the time?) to keep those who use it convinced that it's working!
much wisdom
wow
very coins
210.
Post 4101702 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
Just like watching paint dry
LOL!!!
211.
Post 4102746 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
It seems like some of the bid orders have been pulled on the Stamp. There is a wall at 626 and not much below at all now.
people leave their precious computer for a few days. They don't want to trade while being unable to act accordingly. We should see smaller orderbooks now, ramping up after xmas/new year. 2015 will be nice
What about 2014?
212.
Post 4103861 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
Any short term predictions?
To the right
Let's go left people!!!! LOL!!!! Undo some!
213.
Post 4103936 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
Given that nothing will happen for a week I propose we start counting from 1 onwards.
1
Ok, let's speculate what the number will be when we see some movement!
214.
Post 4108269 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
HODL is the name of the game then!!!
215.
Post 4111464 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.45h):
I would love to see a bunch of coins dumped like that and see the market return to a fair price fueled by investor demand rather than speculation. If I could get a rock solid price like that which I could feel completely safe with, then I would hold my coins in codl storage and take a break from the exchanges and the charts.
What is a fair price?
anything less then 10,000$
Mmmmm... I was thinking on $100k?
I'm with you bro!
216.
Post 4127222 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.46h):
Slow crash? What crash? I assume you guys are looking at the longer time intervals or I missed the punch line?
Reading through this thread & receiving bitcoin related news via google alerts we see a number of corporate merchants making announcements of the acceptance of BTC or the planned acceptance. Shouldnt we be buying up more BTC at these prices? Dont get me wrong, Ive made my share of purchases just under $500 and have a number of buy orders set well below that but when BTC hit its peak, dropped to 500ish-600ish briefly before spiking up to the 1000's again, I remember thinking "I should of bought more @$600." Anyways, that was just some stream of thought there with the main point being placed on this "trendy merchant adoption" is interesting to see manifest.
Well its hard to calculate what the valuation should be. For all we know the recent price is pumped up 20x by speculators and china. So just because there is good news doesn't mean the correct valuation is automatically higher than where it is at now. I think all this bull stuff is the only thing holding the price up right now on twigs on low volume. I don't want to be in when the flow stops and the downtrend violently resumes.
Sooooooooooo, you can calculate the future, right???
217.
Post 4135291 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.46h):
Merry Christmas to everyone!!! I wish happiness and prosperity to all!!
218.
Post 4156769 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.46h):
it will drop, this is just some panic buying creating a bull trap, bitcoin will drop, it will go lower, Yes yes yes, it will drop again, it will drop and i will buy all the coinz
i'm not crazy!
it will drop, this is just some panic buying, yes it will drop again.
219.
Post 4157926 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
This is more like the Bitcoin I know and love. The lack of volatility over Xmas was disturbing. Cmon we need a 50% price drop now just to keep everyone on their toes.
The first time I've seen volatility around Christmas with Bitcoin. Ever.
Very bullish , isn't it?
220.
Post 4157958 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Get your set today!
221.
Post 4158305 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.
this is waht I exactly hate, so you think what are junks ? using drugs is one thing and using bitcoin is another thing, I am so happy that they took SR down, I hate when people start talking about "body freedom" and all that shit, do you have kids ? or let me put it this way, when you will have kids I would love to know what you think about your kid wasting his life with using drugs and I would love to know how would you feel looking at him, would you still think "yes freedom"
so what do you think about child porn ? also normal ? man I hate these people....
the solution to protect your kids from drugs is education, not prohibition.
no one said prohibition, but you can shout every bitcoiners bought drugs, and you cant tell me that drugs are "body freedom" and whatnot...
Ignored
222.
Post 4159626 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
this is bitcoin right now:
Hahaha!!! Nice !
223.
Post 4166602 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Oh well, makes one understand why these people are piss poor!
224.
Post 4167740 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
People are trying to model the behavior of bitcoin on such little data!!!
Tsk tsk!
225.
Post 4167967 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Heeeeeeeeyyy!!! Whaddyyaa know!!! Bitcoin is falling upwards!!! LOL!
226.
Post 4169519 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Bitcoin is infectious. Once you "catch it" it tends to infect those near you. You become a carrier. I don't think China is cured of bitcoin, it is spreading there, person to person.
Or all those Chinese who got burned by the several flash crashes will spread bad news in a viral fashion.
"I got a car and changed my gear to 1st while doing 150mph. The gearbox broke. What a shitty car."
227.
Post 4175300 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Holding my BTC, holding my DOGE, and holding my real doggy at the same time...
Throw a few thousand LTC in there too.
You should be hodling, not holding!
228.
Post 4177222 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Not really it just looks like low volume noise fluctuations.
I know but it always feels good to post this double bottom pic...
Something needs to be done about double tops too!
229.
Post 4178358 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
Oh well, bitcoin is of no value, sell sell sell!!!
230.
Post 4178373 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
231.
Post 4178484 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.47h):
How about this? ;-)
232.
Post 4191837 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.48h):
unlimited money - just sell high and buy low - why isn't everyone a trader?
Eh, good question LOL!!!
Thumbs up!
233.
Post 4191846 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.48h):
i would say that it's not looking good for hodlers
It always looks good for hodlers!!
234.
Post 4192033 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.48h):
When decising whether to sell or not - just calculate the probabilities. For example, if you give a probability for crash 20 % - then simply sell 20 % of BTC-holdings.
If you give a probability of 50 % for crash, then sell 50 % of your stash and by this way actively manage your BTC-holdings.
When you give a probability for rise 20 %, then buy with 20 % of your disposal cash.
By this way, you will be richer than the average BTC-holder. Risto is trading because he is beating the markets. This is why I rather follow him than anyone of you who just advice "hold hold hold no matter if it crashes tomorrow - just hold like an idiot".
No, if it crashes tomorrow with 100 % - I will sell 100 % of them right now - give me even one reason why I shouldn't do this?
I gave 90 % probability for drop and sold 90 % of my BTC-holdings and I will rebuy them with discounted prices. If I am not able to do that, I am still happy with the dollars that I made with BitCoins. Then I will leave the stage with a handful of cash and only 10 % on the initial BTC-holdings.
In any case, buying high and selling low is not advisable!
235.
Post 4192048 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.48h):
700 bid wall less than 3k now. Have a feeling we will see 600's on gox tonight.
Yeah its such a crash. On a Saturday. When has this happened before?
Wake me up when we are below 550 on Gox today.
Why U so passive agressive? Hodling too much gas?
No, he's right, such a drop in a weekend!! What to do, what to do!
236.
Post 4192108 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.48h):
When decising whether to sell or not - just calculate the probabilities. For example, if you give a probability for crash 20 % - then simply sell 20 % of BTC-holdings.
If you give a probability of 50 % for crash, then sell 50 % of your stash and by this way actively manage your BTC-holdings.
When you give a probability for rise 20 %, then buy with 20 % of your disposal cash.
By this way, you will be richer than the average BTC-holder. Risto is trading because he is beating the markets. This is why I rather follow him than anyone of you who just advice "hold hold hold no matter if it crashes tomorrow - just hold like an idiot".
No, if it crashes tomorrow with 100 % - I will sell 100 % of them right now - give me even one reason why I shouldn't do this?
I gave 90 % probability for drop and sold 90 % of my BTC-holdings and I will rebuy them with discounted prices. If I am not able to do that, I am still happy with the dollars that I made with BitCoins. Then I will leave the stage with a handful of cash and only 10 % on the initial BTC-holdings.
In any case, buying high and selling low is not advisable!
In my socialist country, tax deduction for losses actually outweigh profit on gains after tax. Therefore I always buy high and sell low.
Oooopsie!!! You got me there!!
Which country might that be?
237.
Post 4192192 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.48h):
When decising whether to sell or not - just calculate the probabilities. For example, if you give a probability for crash 20 % - then simply sell 20 % of BTC-holdings.
If you give a probability of 50 % for crash, then sell 50 % of your stash and by this way actively manage your BTC-holdings.
When you give a probability for rise 20 %, then buy with 20 % of your disposal cash.
By this way, you will be richer than the average BTC-holder. Risto is trading because he is beating the markets. This is why I rather follow him than anyone of you who just advice "hold hold hold no matter if it crashes tomorrow - just hold like an idiot".
No, if it crashes tomorrow with 100 % - I will sell 100 % of them right now - give me even one reason why I shouldn't do this?
I gave 90 % probability for drop and sold 90 % of my BTC-holdings and I will rebuy them with discounted prices. If I am not able to do that, I am still happy with the dollars that I made with BitCoins. Then I will leave the stage with a handful of cash and only 10 % on the initial BTC-holdings.
In any case, buying high and selling low is not advisable!
In my socialist country, tax deduction for losses actually outweigh profit on gains after tax. Therefore I always buy high and sell low.
Oooopsie!!! You got me there!!
Which country might that be?
Norway. And I might have been exaggerating just a tiny bit
238.
Post 4234305 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
i think an e.u. directive requiring registration of bitcoin addresses to a chartered financial institution would really shake things up. it wouldn't need to be legit, just so long as it was picked up by bloomberg and maybe reuters. pray god that it doesn't happen now or i will be blamed.
Where did this come from? Did you make it up?
239.
Post 4235061 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
All this FUD in this place!!!!
240.
Post 4253221 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
get your fiats ready!!
Looses value as fast as the paper stuff
As any other car
Very faster
wow
such depreciation!
241.
Post 4266454 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
50K was dumped in May. At the time, the order books were so deep that the dump only brought the price from $127 to $118 - only 9% slippage, and then the month long downtrend began. Now look at our current order books - even if you combine mtgox and bitstamp - the same dump would reduce the price to $450, a 45% drop... Think about that for a moment. Bid support my ass.
Then nobody will dump 50k coins. Just the slippage will stop them.
242.
Post 4270052 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
I'm just looking at Bid/Ask at MtGox. Probably manipulated but 40 mill+ Bid and only 25.5K ask - Bid/ask = 1575$/bitcoin. Explosion waiting to happen, or whales preparing to dump?
If my sad experience is any guide, there will first be an explosion upwards, so that everyone will start buying into it, followed by a dump and a lot of panic-selling...
So be it!
243.
Post 4270741 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
"Maybe we are God's unwanted Children. So be it."
244.
Post 4271316 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.49h):
LOL!!!
I guess that's a mutant bear!!!
245.
Post 4276727 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
I think we're set for new ATH
CHOO CHOO!!!!
246.
Post 4276854 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
I think we're set for new ATH
CHOO CHOO!!!!
Buy buy buy!
Need to dump 10% of my coins bought @ 400$.
Nice to meet you!
Bill Gates
247.
Post 4277046 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Not too fast or we'll derail!
Derailment is not possible in space!
248.
Post 4277370 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Bid/Ask on MtGox is now 1860 $/bitcoin - will gox run out of coins?
Nope, price will rise and more coins will come in to be sold.
249.
Post 4277504 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
I must admit, this ignore button does wonders!!
250.
Post 4277835 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
There's that final surge to 900 I predicted. Now I'll see u guys at 600-.
I think you should re-consider. Who knows what will happen but I really think things could get seriously hot throughout January. Wouldn't you say the combination of Bitcoin and it's new-found global spotlight, with the fact that at the moment such a small fraction of the population who could actually use it is actually involved, is unprecedented? Perhaps I'm wrong but I really think that we are scratching the surface of what is possible.
He is just sticking to his trading stance, and I am still holding fiat, it is volume-less exuberance and nothing is certain yet.
We are by a big majority long-term bulls here, contrary opinion based on sound thinking is welcome IMHO.
Agreed but what we mostly see is some bearish comments based on some TA with very little data and too many assumptions.
Wishful thinking mostly rather than TA or anything else!
251.
Post 4287180 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
ebay said bitcoin fluctuates too much! What will they do with their own coin! Fix the price?
KEEP it ebay!
252.
Post 4293091 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
253.
Post 4294035 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
The bottom seems to be reached?
Bottom of what... day, hour, years
Milliseconds probably
254.
Post 4294269 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Jonesing for some Bitcoin excitement. Think I may go drive the wrong way down the interstate at 120mph.
In Bitcoinia (the bitcoin country) we should ban all weekends and holidays.
The price will always go up! Or at least there will be high volume at all times.
255.
Post 4294292 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
The bottom seems to be reached?
Bottom of what... day, hour, years
WHAT A BULL!!!
HOOOOOOOOOOODL!!!
256.
Post 4294322 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Jonesing for some Bitcoin excitement. Think I may go drive the wrong way down the interstate at 120mph.
In Bitcoinia (the bitcoin country) we should ban all weekends and holidays.
The price will always go up! Or at least there will be high volume at all times.
Nah, can't do that, not in Bitcoinia.
Listen, we could make it be always weekend, but then the price would always go down, low volumes etc!!!!
WE WOULD HAVE TO WORK!!! DAMN!!
257.
Post 4294449 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
A server or two are probably down and nginx can't find them!
258.
Post 4295001 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Its coming.......
What's coming???
259.
Post 4295915 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Its coming.......
What's coming???
hahaha
only one thing will save you from the boom thats about to go off!
BUY SOME F'ing BITCOIN!
I have already saved myself adam! Thanks!
260.
Post 4309053 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
I sold at 550 expecting to buy at 350...i had to buy at 735 USD...I know i should be happy, but i feel like stupid panic selling at 550...i found out that everybody has some certain selling price...i bought at 90USD/1 BTC so of course i was easy hodling when the price went from 1200 to 800...but then was 700, 600, 580, 560, 550, bum..panic sold...i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...But i learned now this about bitcoin the hard way and true is, i am not selling even when it would start falling to...so to all bears, you should buy right now and just shut the fuck up already, we are heading to 10,000 with or without you
I bought in at 1000, but didnt sold at the big drop. Just have a little faith, actually i feel kinda stupid of not buying more at 500ish.
Fell for the bear stuff about price going to crash 1 more time, but cant complain for not selling though.
261.
Post 4309101 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
I've only got 50% of the btc I should have at this stage because I can't shake this darn bear off my back. I see the evidence of a stable rally (well as stable as btc gets) in front of my own eyes but why do I not believe it? I see Chinese manipulation everywhere, and I think the association with p.com will be bad for btc (luckily imo mainstream media hasn't really picked up on it, but if anything else interesting happens it will be mentioned like silk rd used to be). I still think we will see sub 400 before Jan 31st deadline.
What is wrong with me? Someone slap some sense into me please.
There!
262.
Post 4309954 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Is it time to think about going to mBTC again?
263.
Post 4310156 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?
How will 3 banks acquire 99% unless people are stupid enough to sell?
It's open source, remember?
264.
Post 4312286 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
99% of the Bitcoins is already owned by banks. With Bitcoin, everyone can be the bank
And Satoshi is Rothschild.
But Rothschild can't be Satoshi.
Rothschild will have a loooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
ot
of paper!!!
265.
Post 4312351 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.50h):
Is it time to think about going to mBTC again?
no mbtc, lets just use btc. even if it has to be decimals, thats fine
No my friend. I crave the time that I will buy a lambo with some mBTC. The m will probably look like millions to them!
266.
Post 4327479 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
gotta love those weekend dips.
LOL indeed!!! Let's have some more!!!
267.
Post 4329648 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
That wall at 1200 looking insurmountable
It will move...
268.
Post 4330740 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
Ok, let's make the regular bitcointalk.org whale profile.
He/she drives a lambo and wears alpaca socks! What else!
269.
Post 4331693 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
Why deprive more than a billion English speaking people of my brilliant ideas by limiting myself to a language only spoken by about ~100 million?
i loled
Me too!!!
Such big ego!
Wow!
Much german!
270.
Post 4331757 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
Ignore button was so close, I clicked!
271.
Post 4331935 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
stop with german here, go to your subforum
It's an invasion ;-)
*Blitzkrieg*
272.
Post 4332205 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
yes ... a steampunked rocket train going to da moon ... choooo choooooo mofo
and two words on the back ...
super
exponential
273.
Post 4333666 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
I had a quick look about the forums but didn't find one: is there a thread to post pics of things you've bought with Bitcoin?
Make one!
274.
Post 4333918 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
* macsga has an SC60 hashing on BTCguild.
Chances are it produces less than what it spends by now. Bought it 30BTC (preorder buy) and gave me back so far 9.5... fair deal eh?
That's open to interpretation.
One of the best things I did was buy my BFL ASICs with fiat instead of bitcoins last February.
But was it better than buying btc with that fiat?
'
The answer is of course NO.
Worst ever!!! How could you do that?
Are you still running it?
275.
Post 4334021 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
I hope we bounce between 900+ and 1000+ a few houndred times more. So that everyone is bored reaching 1000,00$ and stops selling. After this we can rise calmly.
That's too boring! Let's go straight to 10k!!
276.
Post 4334049 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
That's open to interpretation.
One of the best things I did was buy my BFL ASICs with fiat instead of bitcoins last February.
But was it better than buying btc with that fiat?
At that time I was having trouble finding a source of bitcoins. I'd only discovered Bitcoin about a year ago and wasted a month doing intensive research (starting with Satoshi's white paper) trying to figure out what the scam was. By the time I realized that not only was it not a scam, but historic, game-changing disruptive technology, the price had risen from $15 to $30.
I wasted a week putting fiat in my Paypal account without thinking that of course Paypal would have nothing to do with Bitcoin, but I was pleasantly surprised that BFL accepted Paypal, so I got my pre-order in ASAP and set about trying to find a source of bitcoins that wasn't a ripoff like most Localbitcoins dealers.
By the time I discovered Virtex, the price was up to $68. Paying quadruple was soon forgotten as the price exploded. Now even $68 seems so cheap. Live and learn. Some day we'll all brag about buying
whole bitcoins for less than $1000 each.
I bought some on ebay with paypal for $13
277.
Post 4340078 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
I like them, the hodling ones most!!!
278.
Post 4342513 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
no new wires at gox today, it's a holiday in japan
So the Stamp/ btc-e holiday deposits will arrive today, starting in a couple of hours.
Gox won't have any new ones today because it's a holiday, what about tomorrow?
tomorrow should be fine again.
stamp/btce wires will start soon but i don't know how far we can go without gox.
that's ok .. we can just chill here for a while ... back to trend now, feels mellow
This can't be right! You are predicting $1mil by the end of 2014!
279.
Post 4344633 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.51h):
....
Peek clam
nad hodl no!!!
280.
Post 4347988 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.52h):
Same old same old.
$1000 at Gox.
Didn't you know, dead cats bounce upwards!!! LOL!
281.
Post 4360633 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.52h):
Didn't anyone expect the price to fool around $1k for a while?
Why are people surprised at this?
282.
Post 4365791 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.52h):
I usually hang out in a small'ish community irc channel, and in times like this i tell em "bitcoin is dead".
And they always ask "Again?"
283.
Post 4366492 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.52h):
A week ago, thinking of hitting 900 on gox was bullish, now going back to 900 seems like the end of bitcoin
We all should be glad there's always someone pointing that out!!! Cheers my friend!
284.
Post 4438116 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
What the heck?
Is this a weekend rise now?
285.
Post 4449268 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
Go to sleep fast, because it isnt getting any better now that you are awake
On the contrary it's going great floating around just under the 1000 mark. It's all about getting used to the idea of 4 figures over 3. As soon as that's done then there's only one direction left!
To DA MOON (and beyond)!!!
286.
Post 4449287 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
To be exact, that was 1
BITCOIN-
satoshione should always read the small letters
Ok guys, I'm selling 1k satoshis for $50 each!!! Who's in?
Edit: That's a new ATH at $500 mil per BTC!
287.
Post 4450709 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
And my sources from Germany as always don't know nothing. I'm in inferior position :-(
Doesn't propaganda work?
288.
Post 4457241 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
1060!! c'mon
1600
289.
Post 4472566 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
I understand that many people are optimistic about the future of Bitcoin; fine, but I am not.
Why is that?
290.
Post 4472797 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.54h):
However, the volume of "consumption" depends on the speed of confimation. Is that predictable?)
The speed of confirmation is opposite to security. The speedier the confirmation, the less security there is.
It's false to think that a "fast" cryptocurrency is as secure as a slower one.
That being said, one could do daily transactions without waiting for confirmation, the chance of double
spending being very very small.
291.
Post 4492515 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.55h):
the bearishness can you feel it?
Not really, the market is now at only at 1 / 9 of wave C. The real bearishness will be seen in the last 1 / 3 of wave C.
Say cheese!!
292.
Post 4493932 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.55h):
293.
Post 4537038 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
My favourite altcoin is Mike (μBTC). They're crazy cheap at the moment - you can pick up a thousand of them for less than a dollar. Definitely gonna go moon IMHO.
Fully agree! Have a wallet set to display μbtc! I like the number!
294.
Post 4537090 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
But as time goes on , bears run out of fud , the BTC ecosystem grows we'll get over this mark with or without Mike,Minnie, Mickey,Satoshi whatever.
Exactly that!
295.
Post 4537120 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
It looks like the next jump in difficulty will be HUUUUGE!
Some 800 mil!!!
296.
Post 4549986 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
WTF is going on? Such low volume on gox?
297.
Post 4550387 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
WTF is going on? Such low volume on gox?
Low volume everywhere
Why?
Waiting for china?
298.
Post 4550599 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
WTF is going on? Such low volume on gox?
Low volume everywhere
Why?
Waiting for china?
hodlers
There are 25k coins to buy just on gox!!!!
They are still cheap!
299.
Post 4550877 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
Volume of BTC to/from USD and other national currencies, for 2014-01-14 (kBTC):
Bitstamp 12.3
BTC-e 9.8
BitFinEx 7.1
MtGOX 6.4
SUBTOTAL 35.6
Huobi 91.4
OKCoin 22.2
BTC-China 5.6
SUBTOTAL 119.2
TOTAL 154.8
Numbers collected by hand from the Bitcoinwisdom charts, may be wrong.
The Coinbase volume is not available at Bitcoinwisdom. Other exchanegs seem to have much less than 500 BTC volume each (not included above).
The Huobi volume is somewhat below its daily average; the same may be true for the other exchanges as well.
Not bad!!! Thanks!
300.
Post 4551152 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
301.
Post 4551445 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
no volatility ... what a shame eh guys?
yawn.
Oh well, if we have volatility we will complain that it is too much, that bitcoin can't be used because of it yada yada yada!!!
302.
Post 4560957 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
Realy, it sucks. Strong resistance upwards. Strong support downwards, resulting in tiny movements.
Finally the stability bitcoin needs to be used as a currency.
A realy tiny little currency with this capitalization.
303.
Post 4562841 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
Price stopped moving, looks like game over.
Insert more coins to continue playing.
Lot's of fiat waiting on the sidelines!
304.
Post 4569420 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
Quad bottom on the 4h chart? I smell dead bears!
305.
Post 4569875 (copy this link) (by alexeft) (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.
Ok but, would one pay vat on the value they exchange, or just on the trading fees!!!
306.
Post 4569880 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
307.
Post 4570463 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
I read you bastards often enough to notice patterns. Gloom and doom until the banks close on Friday and nobody can get fresh fiat to the exchanges, THEN you buy like sailors on leave with nobody around to outbid you. I'm keeping some powder dry.
You my friend understood the purpose of bears! Hodling is the best powder there is!
308.
Post 4570503 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
309.
Post 4571283 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
double bottom?
Go ahead, we need those double bottom gifs now ...
There ya go!!!
310.
Post 4571310 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
2. British VAT.
IMO, this will not be applied to coins, but to exchange fees. It will not be significant - if applied to coins. No one would trade in the UK at all, which is not HMRC's intention at all. This has been misinterpreted negatively here.
Good point!!! Thanks!!!
311.
Post 4571363 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.56h):
The 247 million indonesians probably care.
Then they'll find their way! Or so I hope!
312.
Post 4708612 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.58h):
Difficulty ATH!!! More than 2 billion!
313.
Post 4708759 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.58h):
It's the pullback before the tsunami
Well, considering that traffic on my bitcoin node has quadrupled in the last 24h, there might not even be a pullback!!!!
CCMF!!!
314.
Post 4708785 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.58h):
omg i am so sick and tired of this adoption thing popping up every time a good drop gets started.
It's like somebody is playing the markets like a fiddle.
Too much money waiting on the sidelines to get in.....
Just like you!
315.
Post 4709004 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.58h):
It's the pullback before the tsunami
Well, considering that traffic on my bitcoin node has quadrupled in the last 24h, there might not even be a pullback!!!!
CCMF!!!7% drop: This is it. It's happening. Back to 500. Maybe lower. Don't forget to mention China.
3% recovery: Trains, Moons, and CCMF are back out. New ATH is in sight. Recent adoption news is highlighted again.
Such a bipolar market. Much emotion. Wow. This is too much for the heart.
Whatever!
316.
Post 4713903 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.58h):
317.
Post 4714600 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.58h):
318.
Post 4737050 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.59h):
We do not want to spam this thread, do we?
Thx
Pretty sure that is the point of this thread
That's the spirit! Otherwise, we would have to attend to Pietilla's TA thread, where he INSTANTLY erases (female) double bottoms and this kind of legit stuff...
319.
Post 4740250 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.59h):
Noob question, if everyone sees 31st Jan as a downtrend day, why have they not sold already? Are people really waiting until after a drop on that day to sell? and if so is it not possible that the number of people who have already sold and are waiting to buy back would out number them?
Boy you're smart!
Cheers! Well thought out!
320.
Post 4758723 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.59h):
Is this news? Welcome to my ignore list!
321.
Post 4760188 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.59h):
lol @ ignoring proudhon
322.
Post 4760332 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.59h):
http://247wallst.com/investing/2014/01/23/4-stocks-that-dominated-djia-losses-on-thursday/JPMorgan Chase & Co. (NYSE: JPM) was down the most of the financial stocks in the DJIA. While this was not on direct regulatory news (for once), the drop was -2.1% and shares were at $56.35 in the closing minutes of the day. Jamie Dimon speaking to media in Davos at the World Economic Forum made no difference. ...
With the bears taking a bite out of the likes of Jamie Dimon is it really that surprising that the BTC/USD rate is going up? By the way The Goldman Sachs Group, Inc. (NYSE: GS) and Visa Inc. (NYSE: V) were also hit hard by the bears.
Bloody bears!!! They also hit bitcoin so hard its price is only 1k usd!!!
323.
Post 4763830 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_11.59h):
People are just realizing that BTC is better than Gox Bux no matter the price.
That's the best part. There more people understand bitcoin, the less need there will be for an exchange! Just use bitcoins straight!
324.
Post 4800602 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
And todays word of the day is "apophenia"
Apophenia /æpɵˈfiːniə/ is the experience of seeing patterns or connections in random or meaningless data.
This thread clearly teaches us things beyond locomotive journeys to celestial satellites and mammals of the family Ursidae. (bears)
Best post in quite some time!!!
Cheers man!
325.
Post 4800744 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
BOOOOOO!!! Bitcoin will fall!!! SELL SELL SELL!!!F...ng bears! The shotgun is coming!
326.
Post 4800840 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
"A market size of everybody in the world"
sounds good to me....CCMF
YEEEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSS!!!!!!!!!!
327.
Post 4800980 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
All irght, bitcoin is the http,ftp,smtp of money!!!!
328.
Post 4801760 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Why is the price still that low?
?
BUY BUY BUY!!!!
329.
Post 4802045 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Soooooooooooooooooooooooooooooooo,
f..ng banks lost their business!!! Yeeeeeeeeeeeeeehahhhhh!!!!!
"The five stages of grief"
330.
Post 4805369 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Funny... I bought a Lambo and I am doing my masters at that school in Cyprus, paid with BTC.
Are you seriously doing a remote masters there?
Yes. I start Feb 3rd
Congrats and thanks for trusting the untrustable, haircut, fired, burned and useless us Greeks and Cypriots!!!
May I ask what the subject of your master is?
Edit:Just saw the subject.
331.
Post 4806616 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Why Lee doesnt speak about the -40% in LTC diff on one week ?
I just saw that!!! WOW!!! It must have hurt!
332.
Post 4822212 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Is a hearing going on right now? If yes, where can I watch?
Thanks!
333.
Post 4822394 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Is video choppy just for me? Do others have any problems?
334.
Post 4822462 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Is video choppy just for me? Do others have any problems?
just you, I'm in Australia with pretty lousy internet and it's running fine.
Oh, let's reset the router! Thanks!
335.
Post 4822664 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Is video choppy just for me? Do others have any problems?
Yes, I keep having to reload and it takes a few seconds to re-connect.
Earlier they mentioned they had viewers from 108 countries yesterday... I wonder how many viewers though
108???
336.
Post 4822686 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Is video choppy just for me? Do others have any problems?
Its the Rothschilds trying to jam the signal...
And now I'm supposed to laugh eh???
Ignored!
337.
Post 4823173 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Oh wow. So much happening right now...
First, as confirmed above, big time trader 'loaded' arrested in China (
source), and now, another well known player, forum user rpietila arrested in Finland (
source -- they basically call him "the Finnish Charlie Schrem").
This isn't good. Not good at all.
Didn't find anything about rpietila!!!
338.
Post 4823512 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.00h):
Paranoia runs rampant in here!!!!!!!
339.
Post 4825413 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.01h):
340.
Post 4825421 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.01h):
When plotted on a super-exponential growth-adoption curve bitcoin is not really all that volatile ...
Kids are volatile when they grow!!!
341.
Post 4825461 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.01h):
When plotted on a super-exponential growth-adoption curve bitcoin is not really all that volatile ...
I can promise one thing. Anyone who has held Bitcoin for over a year does not give a shit about the volatility.
Will that continue to hold true in the future? Who knows?
It will!
342.
Post 4906438 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.02h):
Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):
! Fri ! Sat ! Sun ! Mon ! Tue ! Wed ! Thu ! Fri ! Sat ! Sun !
EXCHANGE ! 01/24 ! 01/25 ! 01/26 ! 01/27 ! 01/28 ! 01/29 ! 01/30 ! 01/31 ! 02/01 ! 02/02 ! Currencies considered
BTC-e | 15.27 | 9.34 | 10.38 | 21.02 | 16.82 | 6.53 | 12.54 | 4.65 | 6.30 | 4.74 | USD,EUR,RUR
Bitstamp | 15.78 | 8.70 | 9.70 | 25.19 | 20.04 | 7.04 | 13.13 | 7.73 | 8.30 | 4.07 | USD
BitFinEx | 10.99 | 4.62 | 7.88 | 15.63 | 13.62 | 3.87 | 8.18 | 3.91 | 4.54 | 3.15 | USD
MtGOX | 7.38 | 9.52 | 16.11 | 10.02 | 11.82 | 7.21 | 6.60 | 4.45 | 5.13 | 2.28 | USD,EUR,GBP,AUD,JPY
Bitcoin.DE | 0.52 | 0.30 | 0.34 | 0.60 | 0.49 | 0.33 | 0.47 | 0.35 | 0.33 | 0.35 | EUR
Kraken | 0.46 | 0.19 | 0.24 | 0.63 | 0.54 | 0.24 | 0.37 | 0.20 | 0.23 | 0.15 | EUR
CaVirtEx | 0.41 | 0.33 | 0.10 | 0.40 | 0.22 | 0.21 | 0.25 | 0.24 | 0.24 | 0.20 | CAD
CampBX | 0.13 | 0.04 | 0.05 | 0.13 | 0.20 | 0.07 | 0.06 | 0.05 | 0.23 | 0.16 | USD
Crypto-Trade | 0.01 | . | . | . | 0.01 | . | 0.01 | . | 0.01 | 0.01 | USD
SUBTOTAL | 50.95 | 33.04 | 44.80 | 73.62 | 63.76 | 25.50 | 41.61 | 21.58 | 25.31 | 15.11 |
Huobi | 89.25 | 58.16 | 91.31 | 63.13 | 92.88 | 32.14 | 29.27 | 15.26 | 28.86 | 26.27 | CNY
OKCoin | 34.01 | 26.33 | 31.40 | 35.41 | 52.37 | 29.11 | 18.56 | 17.11 | 20.38 | 20.00 | CNY
BTC-China | 6.82 | 3.04 | 5.55 | 4.43 | 6.45 | 1.94 | 1.99 | 1.17 | 2.31 | 2.21 | CNY (NOTE 1)
SUBTOTAL | 130.08 | 87.53 | 128.26 | 102.97 | 151.70 | 63.19 | 49.82 | 33.54 | 51.55 | 48.48 |
TOTAL | 181.03 | 120.57 | 173.06 | 176.59 | 215.46 | 88.69 | 91.43 | 55.12 | 76.86 | 63.59 |
All numbers were collected by hand from the site
http://bitcoinwisdom.com. Beware of possible errors.
For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. The BTC-e volumes now include retroactively also exchanges to EUR and RUR (together about 1 kBTC/day or less). Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.
Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts, but they are said to use Bitstamp for currency conversion.
Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day. For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)
(NOTE 1) On 2014-01-30, BTC-China had a burst of extremely fast, regular and atypical transactions, all with similar amounts (a few tens of BTC) and prices (~4836 CNY), adding up to about 41,050 BTC. The burst started suddenly around 17:00 UTC and and stopped suddenly around 19:30 UTC. Presumably those transactions were made by a faulty robot trading against itself or some other robot, and did not represent actual exchange of money and bitcoins between distinct individuals. Therefore those anomalous transactions were subtracted from the BTC-China volume for Jan/30.
Thanks Jorge! Nice job!
343.
Post 5097584 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.07h):
Bitcoin Fail as a payment system. Money sent never arrives.. Hey Mark your were right, kudos!
Fonzie do relay this to all media..
https://bitcoinfoundation.org/blog/?p=422Update on Transaction Malleability
Gavin Andresen Feb 11 2014
You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.
Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.
We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.
Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.
As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.
Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.That's why they had said that people interested in bitcoin should run bitcoin nodes.
344.
Post 5097712 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.07h):
That's why they had said that people interested in bitcoin should run bitcoin nodes.
I declare myself a HODLER node. Much hashing power, very BFL60SC. Just wow...
(wait, that's for DOGE thread... oh well I will just press post)I was talking about a node, not mining!
345.
Post 5097850 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.07h):
So many bad news and btc is holding so well.
346.
Post 5468151 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.22h):
Wooooohoooooooooooo!!!!!
Way to go UK!!!
Way to go Bitcoin!!!
347.
Post 5556522 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.24h):
You know how far Bitcoin went when Satoshi Nakamoto is the bigger news than Ukraine today.
ROFL!!!!!
348.
Post 5556589 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.24h):
we have found our long lost cult leader, we may now drink the coolaid.
Adam, we need a new poll!!! Will you please?
349.
Post 5556932 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.24h):
I am happy to see that the market is not moving because of these "news". Bitcoin people are still not easily fooled!!!
Congrats everyone!
350.
Post 5604555 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.25h):
whats goin on..are we gonna see 700$ soon or retest 600$??
yes
That's a pretty clear answer!
351.
Post 5604593 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.25h):
How was that expected?
352.
Post 5604702 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.25h):
Wow!!! Thanks!
353.
Post 5677992 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.26h):
What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.
Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.
* = Thats German law for public companies.
edit: typo.
Is that why Crapwagens break all the time?
354.
Post 5933513 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.29h):
I think this is the bottom (ballpark of course)!
355.
Post 6057898 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.32h):
I like the result of the current poll!!! Looks like a biiiiiiiiig middle finger!!!!
356.
Post 7086773 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.49h):
Hey people, hyperinflation just ensued in the eurozone!!! Have a look!
357.
Post 7087006 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.49h):
Hey people, hyperinflation just ensued in the eurozone!!! Have a look!
=1 Gazillion Zimbabwean Dollars!!!
I happen to have 100 trillion of those dollars!!! Perhaps I should pay for our debt!!!
358.
Post 7284784 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.52h):
It looks like 560-570 is the absolute bottom now!!!
359.
Post 7472446 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.54h):
360.
Post 7493471 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.54h):
When is the SR coins auction?
361.
Post 7494456 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.54h):
When is the SR coins auction?
On Friday, from 6am to 6pm.
Thanks!
What timezone is that?
362.
Post 7494659 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.54h):
Thanks
Will we officially know who the winners are and the price?
363.
Post 7495134 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.54h):
every day 80.000 people start to use btc
Where did you get that number?
364.
Post 7510744 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.55h):
fuck it i'm buyin
365.
Post 7599920 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.56h):
Not true. Nobody can buy 30k coins without major slippage.
366.
Post 7821325 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.58h):
Bitcoin bank? That is a contradiction in terms!!!!
367.
Post 7823620 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.58h):
a lot of dumping taking place... any news?
Yeah, read above!!!
368.
Post 7823694 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.58h):
Adam, we need a poll. Will Germany win, or will it be Argentina?
369.
Post 7824887 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.58h):
Are you painting the future now?
370.
Post 7825078 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.58h):
371.
Post 7827106 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.58h):
372.
Post 7897534 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.59h):
This is crazy. What is the justification for forcing someone to forfeit coins after 5 years? And how the absolute fuck do they intend to enforce that? After 5 years you can easily claim you forgot your private key, or rotate your coins to a new address, or anything of that nature.
Sounds like that's only for places holding others' bitcoins.
This may actually be a good thing as avoiding having others hold your bitcoins should be drilled into everyone. Now you can tell em that New York wants to steal them.
Good thought!!! No more gox! No more banks!
373.
Post 7941061 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_12.59h):
374.
Post 8071683 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.01h):
....it was getting so quiet the bitcoin thought "let's test the bottom once again"!!!
....and the bottom was still there!!!
375.
Post 8122712 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.02h):
Okee dokee, now we have our triple bottom!!! I wonder what else is in store!
376.
Post 8345767 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.04h):
What happens when the Americans (and adam) wake up?
They buy the whole place up!!!
377.
Post 8345788 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.04h):
Ok, here's the next step for bitfinex. They all go into leveraged shorts, in which case the price goes up, the get margin called and the price shoots to the moon!!!!
Wheeeeeeeeeee!!!!!!!!!!!!!
378.
Post 8878374 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
If it can go down to $5, I'll buy 100 pieces!!!
379.
Post 8878979 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
Looks like the chinese miners (and not only them) are shutting down their machinery!!!! This IS the bottom!!!
380.
Post 8879172 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
Big players are just doing some shake out.
Ah so that's what it is. Good. Then this will be over soon. Just some weak hands leaving. I almost thought we were in a 9 month downtrend.
OH NOOOOOOOOOOOOOO, we are in a 9 month down trend inside a 5 year up trend. Cut your looses, what is happening, Shroomskit is crying again, means we should go up any moment now.
Where's Willy?
Free Willy now!!
BAM! CHEAP COINZ EVERYWHERE.
I'm glad we got rid of the scammer fallling.
I forgot to ignore you!!!
381.
Post 8879187 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
And in other news, mining difficulty is set to go up another *20* percent.
Either the miners know something or they are dumb as hell. Anything pulling more than 2.3w/gh is now unprofitable.
I'm guessing it won't go up that much!!! New blocks are already coming in late....
382.
Post 8879206 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
383.
Post 8879335 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
384.
Post 8879384 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
The ignore button is brilliant!!!!!!!!!!!!
385.
Post 8879413 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
This dead cat is bouncy
Veeeeeeeeeeeeeery!!!
386.
Post 8879433 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
This dead cat is bouncy
387.
Post 8885637 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
I want $5 per!!!
388.
Post 8890956 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.14h):
389.
Post 9093992 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
Hey people, the wild bitcoin market is back!!!!!!! Wheeeeeeeeeeeeeee!!!!!
Next stop $5 per!!!! Lemme buy some moar!!!!!
390.
Post 9094148 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
I just cannot understand and comprehend why 98% of all the users in this thread are wanting to buy more BTC at the current levels when all the signals, trend, all point to a lower BTC.
Right now there is no reason to go long, only short.
Why is everybody guessing with their financial situation?
Let us flash crash this thing!!!!
391.
Post 9094472 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
Meanwhile at stamp's HQ
ROFL!!!!
392.
Post 9094649 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.
Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.
Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.
Actually this is a good thing. Bitcoin isn't dead, we (should) all know that. It's a good chance for people to keep building things a little out of the limelight of price publicity. The reality is that the price is going to go to the moon fueled by remittances and wall-street investors. The regular folks are just here to really boot strap the future. So, don't go getting out of the game now. :-)
if bitcoin is dead now, there will be no bitcoin 2.0. not even in our dream (im ready to invest in bitcoin 2.0).
It's not dead!!!
393.
Post 9094660 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
Nice volume!!!
394.
Post 9094982 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
395.
Post 9095258 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.20h):
FLASH CRASH NOW!!!!
396.
Post 9141906 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.22h):
397.
Post 9300511 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.25h):
And difficulty still increased, even if by a little!!! Amazing!
Bitcoin is dead people say???
398.
Post 9306048 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.25h):
399.
Post 9336932 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.26h):
Best TA ever!!!
400.
Post 9521045 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.30h):
I'm not selling till fucking 1200$ happens!
You will regret it in a few years if you do.
As I said previously, don't wake me up before $10k becomes the new bottom!
401.
Post 9521319 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.30h):
402.
Post 9521365 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.30h):
ADAAAAAAAM!!!! WHERE ARE YOU?
403.
Post 9521561 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
404.
Post 9522583 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.
I agree, this is madness
This is SPARTA!!!!
405.
Post 9522665 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
This rally smells weak as hell.
Please bitcoin, please prove me wrong. For once. Since fkn Jan.
We are above the year long resistance line!! Should be good!
406.
Post 9523393 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
407.
Post 9526400 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
WTF is happening?
? china is crazy, i don't know what to do, and i need to sleep
Buy and hodl, then get some sleep. Bitcoin will be there tomorrow!
408.
Post 9526404 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
Why are we sitting $14 behind Huobi?
409.
Post 9529936 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
WTF is wrong with bearstamp? We follow the Chinese to the letter when in the bear market but we do as we please when in a bull market?
?? WTF?
410.
Post 9529962 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
WTF is wrong with bearstamp? We follow the Chinese to the letter when in the bear market but we do as we please when in a bull market?
?? WTF?
Someone was gonna take some profits sooner or later. This shows why Stamp is just as (more maybe) important to watch as the Chinese exchanges
I think there are too many unhappy people in stamp, just like in btce.
411.
Post 9529997 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
Choppy waters! Still, impressed it took this long for any correction.
Very bullish, isn't it!!
412.
Post 9530043 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
Don't people do any arbitrage these days?
413.
Post 9530048 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
Weeeeeee!!!!!
ROFL yes, weeeeeeeeeeee!!!!!!!
414.
Post 9535724 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
...and.... did you make any money?
415.
Post 9536023 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.31h):
what do ppl think?
Hodl or take short term gains?
Hodl as always!
416.
Post 9560752 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Cup and handle forming on the 4h chart?
417.
Post 9560804 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Cup and handle forming on the 4h chart?
3 minute chart at bitfinex
What is there to see on the 3 minute chart other than noise?
418.
Post 9573149 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Holy mastacholi, almost 10,000 pages. This might be the largest SMF thread ever.
we're near .. 10k pages soon . Stay tuned and
remember HODL like a boss.
We might fall victim to a post exterminator again. It might hover around 10,000 pages for a while.
ROFL!!!!
419.
Post 9573159 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.
It's a sure thing until it's not! Don't you think?
420.
Post 9573186 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.
The bounce will happen in the next hour IMHO.
How high do you think it will bounce back, and what do you think will happen after that?
$450 by Friday, then up!
421.
Post 9573267 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.
It's a sure thing until it's not! Don't you think?
It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isn´t in the majority of cases ? Like doing the 100% sure
thing.
Same answer. The sure thing is sure until it isn't. Price should be turning up in the next few weeks and the loans you describe will become unpayable!
422.
Post 9573415 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.
It's a sure thing until it's not! Don't you think?
It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isn´t in the majority of cases ? Like doing the 100% sure
thing.
Same answer. The sure thing is sure until it isn't. Price should be turning up in the next few weeks and the loans you describe will become unpayable!
And maybe no volume will turn into some volume.
Volume is already better! There's also very good volume in the blockchain, at least compared to the summer. And google trends is leveling after a long fall!
423.
Post 9574101 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
Adam should lock this thread in 10000. page and start new one. 1.5 years passed.
Nah, we need to go for 100k posts next.
delusional bull
You gonna sell some to keep us down bear?
424.
Post 9574269 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.32h):
We will see a bullish number of posts when we reach the 9999 page. The next 5 minutes will be critical.
Says the big manitou!!!
425.
Post 9684589 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.36h):
CHOO CHOO
funny to see such an optimistm with only like 10$ pump to dump
It was $355 today and came up to $387 (Bitfinex). One of us, should seriously take some math lessons.
https://cryptowat.ch/bitfinex/btcusd/3min/Sure, in last 10 months price dropped like more than 50% , call it whatever you want, i call it bullshit
And it was like 1000% more every year, for the last 6... what's your point exactly? And why are you here? Sell it and go away...
Done in Greek style!!!
426.
Post 9726481 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.36h):
And, after a VERY long time, difficulty decreased!!!!
I guess bitcoin is dead!!!
427.
Post 9804315 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_13.38h):
So if this thing crashes after Microsoft gets in can we get a blue candle on the charts in honor of the blue screen of death?
Yeah, I believe so!!!
428.
Post 17330312 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.00h):
We love you bitcoin!!!
(click on the image, there's some music........)
429.
Post 18226831 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Will it be possible to mine BTC with GPU again?
That is a good question. Does anyone know?
430.
Post 18226935 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I think no..
If it does fork and their is little hash on a fork, the difficulty will still stay sky high, so blocks will just be extremely slow..
Maybe you can cpu mine a fork after difficulty retargets, but if hash is low enough for you to mine with a cpu, then it pretty much won't be worth anything..
If I understand correctly, which is 50/50 chance..
Wait a moment. If it forks, it means BU miners have a little more than 50% of the hashing power. Therefore BTC will remain with a little less than 50% and it will retarget the difficulty in a little more than a month instead of two weeks. It's not that bad!
431.
Post 18227082 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I think no..
If it does fork and their is little hash on a fork, the difficulty will still stay sky high, so blocks will just be extremely slow..
Maybe you can cpu mine a fork after difficulty retargets, but if hash is low enough for you to mine with a cpu, then it pretty much won't be worth anything..
If I understand correctly, which is 50/50 chance..
Wait a moment. If it forks, it means BU miners have a little more than 50% of the hashing power. Therefore BTC will remain with a little less than 50% and it will retarget the difficulty in a little more than a month instead of two weeks. It's not that bad!
Depends on when the fork occurs, and how much hash is left on each chain. I'm not sure if there is a default time built in but difficultly retargets every 2016 blocks. If hashpower drops dramatically all of the sudden on a particular fork/chain, then it will take a longer time to find blocks for sure - 15/20/1hour+, so it could take many many weeks to get things back to normal beyond the usual 2 weeks.
2016 blocks = 2 weeks .
1/2 the hashing power ~ 4 weeks
432.
Post 18228167 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Is crypto done
No, only the ones that have big blocks are!
433.
Post 18229487 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).
There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in
60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.
Just something to ponder.
default setting for BU is 1MB
My mistake, I was remembering this post from PeterR.
I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.
...and I somehow was under the impression that was default.
Still, BU will increase the size, because there
will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?
nodes default at 16MB
miners default at 1MB EB and generation size.
what the individual members of BU want is only a small influence that will guide BU miners to set a good EB
its not like miners will simply forgot about all the reasons to keep blocks small.
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
434.
Post 18229560 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).
There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in
60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.
Just something to ponder.
default setting for BU is 1MB
My mistake, I was remembering this post from PeterR.
I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.
...and I somehow was under the impression that was default.
Still, BU will increase the size, because there
will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?
nodes default at 16MB
miners default at 1MB EB and generation size.
what the individual members of BU want is only a small influence that will guide BU miners to set a good EB
its not like miners will simply forgot about all the reasons to keep blocks small.
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
what if i could prove to the miner that including 1GB worth of TX gives him a 99.99999999999999% chance of getting orphaned
oh wait,
i dont have to, he will figure it out himself.
He will not be able to include a 1GB block since the limit is 16MB. I did not say that. I am saying that at least one will go 16MB and then all hell breaks loose.
435.
Post 18229577 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
What about shorting the US debt?
No that's some belief in a government and the banking system.
436.
Post 18229663 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
my node will reject his block.
You will have your own version of the blockchain then? Ok, wish you luck.
do you honestly think miners will create blocks that bump off significance %'s of nodes and hashing power willy nilly?
I believe that most miners will be sane. BUT bitcoin is trustless and all of a sudden one has to have trust that all miners are sane.
437.
Post 18229728 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.
I can at least imagine a miner in distress because coin price fell and he has to pay the electrcity bill. Then, it's include all....
438.
Post 18229832 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.
So, we've had tons of "spam" on the network, I assume that "spam" will continue post BU (should that happen). I also imagine lots of new "spam" as an attack on BU.
Miners craft blocks to get the highest total fees, means they are accepting blocks of that size? What happens when a malicious miner crafts blocks of the same size but filled with their own transactions, thus not draining the mempool what-so-ever?
I'm not convinced that incentives will simply be mine-blocks-for-rewards if there is a fork. I think we will see all kinds of attacks on both networks (after this long of a stalemate and the bitterness we are seeing today, it would be naive to think otherwise) and I'm interested to see how BU with it's multiple variables (additional complexity) deals with such attacks. I fully expect them to eat themselves before long and hard code rules to prevent certain things from happening, basically ending up even more restrictive than a simple you-get-what-you-pay-for fee market.
Good question, I don't know the answer. I'm not interested enough in BU to fully understand all the implications of a chain based on that client. I agree there will be a lot of unreasonable violence following any fork, which is a shame. Mostly I am just keeping my head down to avoid the bitterness of the technical debate at the moment.
No bitterness from and no practical interest here either. Just trying to understand BU.
439.
Post 18233765 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Worst thing about raging drinking sessions? ... cleaning up all the vomit left behind.
Jihan Woo has gone off the deep end
Woo vomit... what is it about BU that attracts emotional psychopaths?
This is scalating too quickly. That guy is insane.
Maybe we should quit the debate between Bitcoin vs Butcoin and move forwards and start talking about PoS vs PoW.
He is a total nutter indeed!
440.
Post 18242841 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
It seems that BU nodes are rapidly becoming less and less ............
http://xtnodes.com/#bitcoin_unlimited
441.
Post 18242955 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Hashrate?
You know one of the most vocalist altcoins out there features variable blocksize. And for a while I have thought if that's a solution, and if it is, would get adapted by Bitcoin, too. Only if it has proven to be the right, unique and unavoidable approach. Not as a struggle to ruin everything upfront.
Hashrate here
http://xtnodes.com/#block_explorerVariable blocksize is not the problem. Big blocks are the problem. Common people won't be able to run their own node and then boom, we got full tilt centralization!!! Not what bitcoin stands for.
I understand the need for more people to be able to use it etc, but not at the cost of killing it.
442.
Post 18243046 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
So anyone care to explain why this whole BU fork FUD just
happens to come up
immediately after the ETF disapproval? Hmmm?
You guys are getting played. The pumpers ALWAYS come up with a reason to DUMP following an ATH. If they can't exploit a hole, hack an exchange, or DDoS the shit out of one, they'll find another way.
The new way is pretty simple: social engineering based on emotion. Make something trivial about Bitcoin into a big deal, create troll/shill accounts to divide the community, push $$$ towards alts and tout them as 'Bitcoin 2.0', and get everyone whipped up in a frenzy. And short-dump on the way down.
Apparently, 90% of the time it's gonna work every time. Because bitcoiners are a bunch of overgrown whiny babies that can be easily manipulated.
Bang on!
443.
Post 18243229 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
if you not crazy bullish right now, you probably also think it takes a data center to handle 16MB
It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!
No more full nodes ran by users. Centralization at full tilt.
444.
Post 18243257 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Who sold at the bottom?
And bought alts at the top?
Judging by the steep decline, mostly everyone!
445.
Post 18247162 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!
Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!
* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!
1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!
446.
Post 18247280 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
..................president............
A president? With node centralization and a president, the next thing we will know in the first economic crisis, will be that the president decided to alter the code in his vast majority of nodes and ..........print....... some more buttcoins to alleviate the crisis. Central bank much man?
Buttcoin is NOT bitcoin. It is only BUTTcoin.
447.
Post 18249691 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!
Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!
* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!
1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!
Firstly, node operation does not require SSD latencies. HDD speeds are fine. So 25 bux. Yet... so what? Less than 0.2 BTC? Waaaaaah. Buck up buttercup - those that refuse to invest shall be rightfully cast aside. And good riddance to you too. It would be one thing if you even tried... but... I guess you're just too. damned. insignificant.
..................president............
A president? ... <tardness deleted>
I see you seem to love wallowing in your public display of ignorance. Suit yourself....
imbecile. When you actually absorb the reality, I'll be happy to respond in a more conducive manner.
Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).
Oh god! I hope he doesn't abuse his power by actually ... ASSIGNING A BUIP NUMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAIIIIEEEEEE!!!!!
A benevolent dictator believer!!! Please enlighten me with your infinite wisdom!
Anyway, the way things are setup, one can be a dictator (president, sic..........) only on those who trust him to be one. Hence, there is no need to talk that much.
448.
Post 18249807 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I would like to post the dream I had just incase it happens later.
I literally just dreamed this and woke up.
Ok, so the volatility was insane. So basically the price went from where it is now (900's) and it kept dropping over a period of time. I don't know what the hell happened, but at some point it dropped all the way to near zero (!!!!) single digits, of course this only lasted a COUPLE SECONDS and it shot all the way back up to 672. Now here's where it gets interesting. The price kept moving rapidly although I'm sure this all happened over the period of some years. After this MEGA drop, it shot into the MULTIPLE thousands, I distinctly saw the number 2272. And then all of a sudden apparently for no fucking reason it shot all into the 10K per coin range. I was sitting there fucking absolutely stunned. It bounced off 10K back into the 5K per coin range.
In my dream I saw a thread titled: "5000. We are talking about the number 5000." on this forum, bitcointalk. And I was just sitting there so absolutely fucking stunned because I seriously just watched the price go from 900 to almost 0 back up to 10k and then settle in the 5K range.
Man, that dream was fucking nuts.
I'm not sure, but maybe just dreamed future price movements some years (?) I'm assuming in advance.
If something like this actually happens I will reference this dream later.
Well, it is expected that not everyone will be a friend of bitcoin (or altcoins for that matter). Some will also try to do damage, so much is inevitable.
This is one of those times and bitcoin will have to prove its antifragility properties.
If it does, it will be what you saw in your dream.
Come on guys. Hit is as hard as you can. Find the smartest, best enemy you can and hit it. Even paranoia is not out of bounds.
449.
Post 18250462 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Hashrate is the irrelevant measure. There are two cases, either one has 50%, or he doesn't.
In the first case bitcoin forks into bitcoin and another chain that lives or dies in relation to its design parameters.
In the latter case, bitcoin goes on.
In both cases, bitcoin goes on.
Whereas if nodes are lost, the extreme scenario is for bitcoin to be completely lost. Still, the idea will be with us forever.
So, nodes are important, hashrate is not.
450.
Post 18251110 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Lol, it almost looks like BU nodes got PnD'ed! Is that a blow-off top I see? haha
You know that Core is getting desperate when they are resorting to DDoS'ing BU nodes.
They are also DDoS'ing bitcoin.com
Got any proof of that? Or just sayin.........
451.
Post 18251267 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
You know that Core is getting desperate when they are resorting to DDoS'ing BU nodes.
They are also DDoS'ing bitcoin.com
and who do you think might have been relentlessly spamming the blockchain for months on end? hmm. i can guess one bunch who might have some type of agenda.
I think that I wouldn't be able to know who is spamming, if they are actually spamming. Nor would you or anyone else apart from the spammer.
452.
Post 18251471 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I'm starting to truly believe that about 85% of the blocksize debate spammers here and on reddit are just alt coin shills hoping to spread FUD and get cheap bitcoins.
^there really is no debate we are raising the blocklimit to 2mb end of discussion !
I say we raise it to 100GB and die the next day! All for death (bitcoin death I mean)!
453.
Post 18251816 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Eh, they won't have to sue. Jihadi Wu only has 33% of hashing power and the others got the message from the market reaction.
454.
Post 18252002 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Is there any practical reason why bitcoin couldn't be patched so miners can set their own blockreward?
Of course. The absolute rejection of the users of any chain containing blocks that deviate from the established reward schedule.
Is there any practical reason why bitcoin couldn't be patched so miners can set their own blocksize?
Of course. The absolute rejection by the users of any chain containing blocks the deviate from the established size parameters.
I wasn't really looking for an answer. My version was rhetorical. I think you understood that, though.
Firstly, node operation does not require SSD latencies. HDD speeds are fine. So 25 bux. Yet... so what? Less than 0.2 BTC? Waaaaaah. Buck up buttercup - those that refuse to invest shall be rightfully cast aside. And good riddance to you too. It would be one thing if you even tried... but... I guess you're just too. damned. insignificant.
Storage isn't the real concern. It's RAM (in the short term) and bandwidth (in the slightly longer run).
At larger blocks (hence more tps) and larger databases, SSDs will be the only way to go. You can trade SSD for RAM all you want, but the truth is that expensive resources will be needed that are not easily available. Hence, decentralization goes down the drain.
For Bitcoin to be bitcoin, we need average JOE to be able to run a full client easily.
455.
Post 18252548 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Segwit First!
^screw seqwit+ screw btu ... lets just increase to 2mb and get on up to $2000 ladies?
Are you retarded?
What is the justification to move up to 2mb?
If there is no justification, besides merely "sounding like a good idea", then there should be no need to presume that 2mb actually resolves anything - besides caving into some whiners and maybe even bringing some disadvantages.
Anyhow, we should not be advocating to do things just because it "sounds nice"
How about, so the amount of people that want to use Bitcoin can actually use bitcoin..
That sounds like a very good reason.. Because right now, they can't..
Median confirmation time (with fee) is in the 10 to 20 minutes range. The fee is 1-2 dollars. The rest of the transactions that you see are spam (-ish. )It's just that you can't buy coffee with it, but then, why should you if the underlying technology (the computers on which bitcoin runs) does not currently allow you to?
Faith and patience my friend. It is predicted that by 2020 or so, SSD disks will have approached the cost of HDDs. I suppose that would be a good time to increase the block size.
456.
Post 18252626 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
How about, so the amount of people that want to abuse Bitcoin can actually abuse bitcoin..
That sounds like a very good reason.. Because right now, they can't..
FTFY.
That was good.
457.
Post 18252806 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
People, you must realize that no matter what is done, how advanced a coin is, it is impossible to have a coin that accomodates all uses and remains decentralized at the same time. At lest at this time. The future will surely be more accomodating, but bitcoin has to survive until then.
458.
Post 18252976 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
We could practically double the capacity of the network without additional resources (call me segwit) but nooooooooooooooooooooooo!
459.
Post 18253381 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete.
Well FU, BU.
The current limit is not enough for mainstream use. That is a hard fucking mathematical fact. The transaction limit will have to be raised one way or another, sooner or later.
So you're cool with destroying decentralized mining, so the block size can be raised ad infinitum to support the "mainstream". Got it.
Which btw, bitcoin users are certainly not "mainstream". Those are called "fiat users". Bitcoin users use bitcoin for different reasons entirely than the mainstream, one of them being decentralization.
Why would it affect decentralization?
Resources exist and have costs.
Water is wet.
Since you can't seem to figure it out on your own, I'll give you a hint.
When you increase the amount of resources required to accomplish something, less people are able to accomplish it. I'll let you figure out how that affects decentralization.
It's already the people with the best hardware that make the most money. This is part of the design. It is not a flaw or anything new.
It's only the people with the cheapest electricity that make the most money. They are the miners
Hardware has almost nothing to do with full nodes because of the 1MB blocksize. If it were more, then I don't know if that would be the case.
460.
Post 18253463 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I fully understand the drive to enable growth but we must be very careful.
I'll tell you a story that is not very nice but here it goes.
Children that are born early are kept in special hospital departments. Sometimes, under those conditions, their organisms try to grow very fast BUT their lungs are not mature enough to support a bigger body size. Doctors then try to inhibit growth to save them from their death. Very sad situation!
It's very similar with the current situation of bitcoin.
461.
Post 18253533 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete.
Well FU, BU.
The current limit is not enough for mainstream use. That is a hard fucking mathematical fact. The transaction limit will have to be raised one way or another, sooner or later.
So you're cool with destroying decentralized mining, so the block size can be raised ad infinitum to support the "mainstream". Got it.
Which btw, bitcoin users are certainly not "mainstream". Those are called "fiat users". Bitcoin users use bitcoin for different reasons entirely than the mainstream, one of them being decentralization.
Why would it affect decentralization?
Resources exist and have costs.
Water is wet.
Since you can't seem to figure it out on your own, I'll give you a hint.
When you increase the amount of resources required to accomplish something, less people are able to accomplish it. I'll let you figure out how that affects decentralization.
It's already the people with the best hardware that make the most money. This is part of the design. It is not a flaw or anything new.
It's only the people with the cheapest electricity that make the most money. They are the miners
Hardware has almost nothing to do with full nodes because of the 1MB blocksize. If it were more, then I don't know if that would be the case.
Why would you even suggest that hardware doesn't much matter? Do we really need to go into the very basics of how mining works? Seriously?
I am talking about hardware to run a node and you are talking about mining. Not the same.
462.
Post 18253541 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I fully understand the drive to enable growth but we must be very careful.
I'll tell you a story that is not very nice but here it goes.
Children that are born early are kept in special hospital departments. Sometimes, under those conditions, their organisms try to grow very fast BUT their lungs are not mature enough to support a bigger body size. Doctors then try to inhibit growth to save them from their death. Very sad situation!
It's very similar with the current situation of bitcoin.
A bad analogy is like a fart. Nobody likes it.
I never said it was nice!
463.
Post 18253578 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete.
Well FU, BU.
The current limit is not enough for mainstream use. That is a hard fucking mathematical fact. The transaction limit will have to be raised one way or another, sooner or later.
So you're cool with destroying decentralized mining, so the block size can be raised ad infinitum to support the "mainstream". Got it.
Which btw, bitcoin users are certainly not "mainstream". Those are called "fiat users". Bitcoin users use bitcoin for different reasons entirely than the mainstream, one of them being decentralization.
Why would it affect decentralization?
Resources exist and have costs.
Water is wet.
Since you can't seem to figure it out on your own, I'll give you a hint.
When you increase the amount of resources required to accomplish something, less people are able to accomplish it. I'll let you figure out how that affects decentralization.
It's already the people with the best hardware that make the most money. This is part of the design. It is not a flaw or anything new.
It's only the people with the cheapest electricity that make the most money. They are the miners
Hardware has almost nothing to do with full nodes because of the 1MB blocksize. If it were more, then I don't know if that would be the case.
Why would you even suggest that hardware doesn't much matter? Do we really need to go into the very basics of how mining works? Seriously?
I am talking about hardware to run a node and you are talking about mining. Not the same.
Why run a full node if you are not mining, other than paranoia? What are the practical reasons?
To cast my vote on every block and not allow Jihadi-sons-of-bitches destroy things without my consent? Is that good enough?
464.
Post 18253731 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
What kind of transaction are you trying to accomplish that is not reasonable? Are others trying to accomplish those kinds of unreasonable transactions, too? They can use some other means, or is bitcoin the only thing that will work for them? Why does bitcoin need to serve that purpose at this time?
How about small signature campaign payments? Are they spam?
What about all the gamblers betting small amounts? Are they spam?
What about RAREPEPE? If you don't know, the amazing new counterparty implementation trading rare/scarce assets on the bitcoin blockchain?
Is that spam? Cost for it has gotten outrageous and damn near stopped it dead..
You are pretty much saying that small people should not be using Bitcoin and use some altcoin instead?
Altcoins can't escape current technology either.
465.
Post 18253749 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete.
Well FU, BU.
The current limit is not enough for mainstream use. That is a hard fucking mathematical fact. The transaction limit will have to be raised one way or another, sooner or later.
So you're cool with destroying decentralized mining, so the block size can be raised ad infinitum to support the "mainstream". Got it.
Which btw, bitcoin users are certainly not "mainstream". Those are called "fiat users". Bitcoin users use bitcoin for different reasons entirely than the mainstream, one of them being decentralization.
Why would it affect decentralization?
Resources exist and have costs.
Water is wet.
Since you can't seem to figure it out on your own, I'll give you a hint.
When you increase the amount of resources required to accomplish something, less people are able to accomplish it. I'll let you figure out how that affects decentralization.
It's already the people with the best hardware that make the most money. This is part of the design. It is not a flaw or anything new.
It's only the people with the cheapest electricity that make the most money. They are the miners
Hardware has almost nothing to do with full nodes because of the 1MB blocksize. If it were more, then I don't know if that would be the case.
Why would you even suggest that hardware doesn't much matter? Do we really need to go into the very basics of how mining works? Seriously?
I am talking about hardware to run a node and you are talking about mining. Not the same.
Why run a full node if you are not mining, other than paranoia? What are the practical reasons?
To cast my vote on every block and not allow Jihadi-sons-of-bitches destroy things without my consent? Is that good enough?
That matters about as much as a bad analogy. I mean a fart, excuse me. Without any measurable impact on the network, not to mention the fact it wastes money if you are not mining at a profit, it's just another emotional rationalization, not a practical reason.
For the last time, I AM NOT FUCKING MINING! CLEAR YOUR FUCKING HEAD!@#@&*^(*$&^(
That's what I said. You are wasting money for emotional reasons and using that as a justification to oppose an increase in transaction volume.
Disallowing crazed people from altering bitcoin rules at will is not emotional at all. That's what a full node does (among other things).
466.
Post 18253855 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
What kind of transaction are you trying to accomplish that is not reasonable? Are others trying to accomplish those kinds of unreasonable transactions, too? They can use some other means, or is bitcoin the only thing that will work for them? Why does bitcoin need to serve that purpose at this time?
How about small signature campaign payments? Are they spam?
What about all the gamblers betting small amounts? Are they spam?
What about RAREPEPE? If you don't know, the amazing new counterparty implementation trading rare/scarce assets on the bitcoin blockchain?
Is that spam? Cost for it has gotten outrageous and damn near stopped it dead..
You are pretty much saying that small people should not be using Bitcoin and use some altcoin instead?
Altcoins can't escape current technology either.
ya but they can escape your reasoning that leads you to self imposed unnecessary limits.
Of course they can. Only to crash on the technology limits. In which case, functionality is gone forever.
467.
Post 18253962 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!
Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!
* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!
1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!
Firstly, node operation does not require SSD latencies. HDD speeds are fine. So 25 bux. Yet... so what? Less than 0.2 BTC? Waaaaaah. Buck up buttercup - those that refuse to invest shall be rightfully cast aside. And good riddance to you too. It would be one thing if you even tried... but... I guess you're just too. damned. insignificant.
..................president............
A president? ... <tardness deleted>
I see you seem to love wallowing in your public display of ignorance. Suit yourself....
imbecile. When you actually absorb the reality, I'll be happy to respond in a more conducive manner.
Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).
Oh god! I hope he doesn't abuse his power by actually ... ASSIGNING A BUIP NUMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAIIIIEEEEEE!!!!!
A benevolent dictator believer!!! Please enlighten me with your infinite wisdom!
Anyway, the way things are setup, one can be a dictator (president, sic..........) only on those who trust him to be one. Hence, there is no need to talk that much.
Just a note to apologize for my rudeness. I think your stated positions are ludicrous, but I didn't need to be a dick about it. Sorry.
Fork it then. No problem at all!
468.
Post 18254001 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Oh by the way, I'd like to add.
BU hashrate is now at 43%.
8 mb hashrate is at 8%.
This means the big blocker side now effectively has 51% hashrate.
They won't fork until it's >75%, but it's coming
My prediction, the price will drop dramatically during the fork and all the FUD and chaos and negative news stories. This will be a good buying opportunity.
But after the smoke clears, and BU / big blocks retain dominance, marketshare will flow back into Bitcoin from the shitcoins like a tidal wave and we'll see new all time highs with bitcoin. Finally, 10K+ per coin will become possible.
It's gonna happen.
It's not. For BU to reach 75%, Segwit must stay at 25% and 8MB must vanish!
469.
Post 18254085 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Oh by the way, I'd like to add.
BU hashrate is now at 43%.
8 mb hashrate is at 8%.
This means the big blocker side now effectively has 51% hashrate.
They won't fork until it's >75%, but it's coming
My prediction, the price will drop dramatically during the fork and all the FUD and chaos and negative news stories. This will be a good buying opportunity.
But after the smoke clears, and BU / big blocks retain dominance, marketshare will flow back into Bitcoin from the shitcoins like a tidal wave and we'll see new all time highs with bitcoin. Finally, 10K+ per coin will become possible.
It's gonna happen.
It's not. For BU to reach 75%, Segwit must stay at 25% and 8MB must vanish!
2MB classic node are compatible with BU so long as miners generate blocks <2MB
we do not need them to switch over.
we will have different implementations converge on one blockchain
meanwhile core will have nuked themselfs....
Please don't forget to tell me how it feels when it can't run anymore.
And don't forget that we already have centralization. It's called banks.
470.
Post 18254901 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Storage isn't the real concern. It's RAM (in the short term) and bandwidth (in the slightly longer run).
RAM is cheap and getting cheaper. Bandwidth is cheap and getting cheaper.
At larger blocks (hence more tps) and larger databases, SSDs will be the only way to go. You can trade SSD for RAM all you want, but the truth is that expensive resources will be needed that are not easily available. Hence, decentralization goes down the drain.
For Bitcoin to be bitcoin, we need average JOE to be able to run a full client easily.
The expectation that the future health of the network depends upon people who will not spend 0.2 BTC on their machines is ludicrous.
No doubt those are becoming cheap and limits will have to be raised at some point. But this is not it.
At 1-2 $ per transaction, confirmation time is 10-20 minutes.
The rest are people who won't pay either because they are not in such a hurry, or because they are just spammers. No need to fill up our disks with that.
471.
Post 18255008 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Storage isn't the real concern. It's RAM (in the short term) and bandwidth (in the slightly longer run).
RAM is cheap and getting cheaper. Bandwidth is cheap and getting cheaper.
At larger blocks (hence more tps) and larger databases, SSDs will be the only way to go. You can trade SSD for RAM all you want, but the truth is that expensive resources will be needed that are not easily available. Hence, decentralization goes down the drain.
For Bitcoin to be bitcoin, we need average JOE to be able to run a full client easily.
The expectation that the future health of the network depends upon people who will not spend 0.2 BTC on their machines is ludicrous.
No doubt those are becoming cheap and limits will have to be raised at some point. But this is not it.
At 1-2 $ per transaction, confirmation time is 10-20 minutes.
The rest are people who won't pay either because they are not in such a hurry, or because they are just spammers. No need to fill up our disks with that.
look if a spammer is willing to pay 50cents pre TX and help support the network.
i'm OK with that.
but we all know this isn't spam...
Exactly how do we know that?
472.
Post 18255526 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
A higher price is absolutely required if bitcoin is to become anything of lasting importance. This is basic stuff we went over years ago, what the fuck dude?
So if nothing were to change to the current block size limit, you're saying that bitcoin
won't have a higher price 3-5 years from now? Or even a decade from now?
I'm seriously doubting that. In fact, with no changes I think it would continue to outpace all other equities for the next decade.
Me too!
473.
Post 18255648 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
In that case we have centralization. In that case, who guarantees that so few people won't come together to alter the issuance of bitcoin. The bitcoin issuance schedule and the decentralization to keep the schedule unchanged is why most of us are here in the first place.
474.
Post 18255740 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Here's a new thought. If BU forks, then only segwit stays at ~100% hashpower and we get segwit with no more fight!!!!
Fork BU, I dare you to fork right now!!!!
475.
Post 18256104 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Here's a new thought. If BU forks, then only segwit stays at ~100% hashpower and we get segwit with no more fight!!!!
Fork BU, I dare you to fork right now!!!!
decentralized amongst two miners
It's not the miners that matter.....
476.
Post 18256313 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
I know I wouldn't be too civil if I wanted my own central bank!
477.
Post 18256322 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Where can I get those stats? Thanks!
478.
Post 18256354 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
Thanks!
479.
Post 18265119 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
https://www.reddit.com/r/Bitcoin/comments/60gem4/jihan_wus_latest_weibo_post_looks_like_an_offer/Jihan willing to talk is a GREAT sign! I really believe once he folds the scaling debate will start coming to a conclusion. The fact that he admits that he finds 2nd layer solutions a threat is telling, but he will realize that he cannot force the rest of the community to hold back on achievements to benefit the miners. A prosperous $2K+ bitcoin is much better for him than half a bitcoin with less users
If he's asking me, I don't negotiate with blackmailers. Segwit node up and running and not going down.
480.
Post 18265610 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.06h):
You guys read your posts before you post them. You are still talking about giving up control of the blocksize.
No need to analyze that once more. Ain't happening.
481.
Post 18320811 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.07h):
so in reality people are choosing a centralized blockchain over a decentralized blockchain
right,
but us bitcoiners we know just how
important it is to be able to run a node in africa using a computer from 1995
Hmmmm, no! The only thing important to us is to allow anyone to endlessly spam it to death..................
482.
Post 18951559 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.09h):
Hey people, Satoshi told me that bitcoin will reach $10k when this thread reaches 20k pages! Let's do it!
483.
Post 22990202 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.23h):
Dont worry, we have Segwit
Unconfirmed transactions are just spam, produced by malicious agents with evil intentions in search of power. No real adoption.
Anyway, soon we will have Lightning Network, and Joe will only have to buy Lightning Coins to participate in the "great revolution". The great revolution of the fractional reserve banking 2.0.
And if you think it is not enough, all this with the sponsorship of blocks of 1MB FOREVER! We will have the most decentralized network and nodes in raspberry pi.
So, leave your stupidities and think big!
PS: Seriously, I love the 5000s
Congratulations to all!
Why do you bother, just repeating all the lies.
There is lots of spam in the mempool you can see the transactions, look at what they contain.
There is no such thing as lightning coins, and it won't support fractional reservere.
Most Core Devs believe that the block size will increase when its actually necessary.
The more people who run a node the better, strength of the network comes from everyone having a stake and not just relying on miners to protect us.
These are not even points for debate, your statements are just lies.
Dusting my old miners here! Let the scared be scared! Let them fork off already!
484.
Post 22990519 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.23h):
Who bought at the top?
Nobody! Bitcoin has no top!
485.
Post 23088157 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.23h):
I suggest we dump Dimon talk until something interesting happens - like if he gets full board at taxpayers expense.
There's another reason never to listen to what this guy says:
https://en.wikipedia.org/wiki/Jamie_DimonHe majored in psychology and economics at Tufts University.
He majored in psychology
Same as Jihadi Wu of sorts ...................
Oh boy these scammers!
486.
Post 24478807 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.26h):
I think this will the dumpers last gasp. BTC now 3.1X more profitable to mine than BCH.
https://fork.lol/Funnily enough, it looks like not even Jihad is mining his "coin". Out of BTC I guess!
487.
Post 24479496 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.26h):
488.
Post 24538226 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
489.
Post 24539082 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Time for Bitcoin Cash Doubleplusungood
This whole episode has been so entertaining - will it ever end or is this just how crypto is forever more?
Anyhow, we got a nice green candle yesterday, and perhaps another one today if we are lucky. Go Bitcoin go.
Wherever there's money, there are also people that will use any means to get it! It's not the crypto world. It's just how people are!
490.
Post 24539371 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Time for Bitcoin Cash Doubleplusungood
This whole episode has been so entertaining - will it ever end or is this just how crypto is forever more?
Anyhow, we got a nice green candle yesterday, and perhaps another one today if we are lucky. Go Bitcoin go.
Wherever there's money, there are also people that will use any means to get it! It's not the crypto world. It's just how people are!
But do the share trading forums have this drama and memes etc? (I've never looked)
Anyhow I just noticed I'm a full member now too - what a happy day.
Don't take it to heart. It's just the first time we had a fork! Next time will be easier or not noticed at all!
491.
Post 24539504 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
On another note, just to show how laughable all this fork thing is, BT2 (or segwit2x) still has a price and is being traded though it doesn't exist, nor will it ever!
https://www.bitfinex.com/stats
492.
Post 24539576 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Reuters reports, former Fortress macro hedge fund manager Mike Novogratz - who we most recently profiled here - told Reuters Global 2018 Investment Outlook Summit in New York that he bought $15 to $20 million worth of Bitcoin over the weekend in that recent pullback.
we have motive
Of course we do. All bitcoin did was retrace a little as it had reached the upper bound of its channel. Of course, this was presented as a failure by the forkers!
493.
Post 24620153 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Looks like Segwit2x futures on Yobit are going CCMF
Yeah, S2X/BTC on Yobit reach parity @1.000 with around 200 BTC volume. Sounds totally legit.
They are pumping that Bitcore BTX thing over at that some what sketchy Bit-Z exchange, now at 4 mbtc. Suppose to list at HitBTC soon too. I am not bothering with it for now. But one of old Legendary mention it on the thread before and BTX crew did a new snapshot on Nov. 2 too. So people got some free BTX coins.
Details :
https://steemit.com/crypto-news/@xwerk/bitcore-btx-guide-the-2nd-snapshot-for-btc-hodlers-free-btx-or-how-it-worksAlso one of the supposedly biggest BTC hodler in China, Li Xiao Lai, is launching his own fork SBTC
http://www.supersmartbitcoin.com/index.html . "Make Bitcoin Great Again."
He got a handle on Bitcointalk from 2011~2 and posted regularly. But I couldn't be bothered to look it up now. He stated that he had 100K + BTC back in 2013, like that FriedCat erupter dude. No clue how much BTC he has now.
Honestly all these forks are giving me headaches now. I am thinking of not bothering with them until they go above 0.05 BTC each or if they go bonker like that weekend BCH pumps.
LOL! Super money! Such WOW!
494.
Post 24620724 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
It seems like this forkfest is going to be the funniest ever!
495.
Post 24620895 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
The future will be like this!
496.
Post 24681909 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Where are the BCH boyz ? They seem quiet lately
No, wait, they got it wrong I guess ...
The whale game isn’t over yet. BCH difficulty is currently going into the ground and the new DAA has a throttling mechanism that stops it rising quickly when a large amount of hash power is applied.
I recommend taking defensive positions in your portfolio. I predict more fireworks timed for the weekend.
Wow! Such smart! Very difficulty! Such scared now!
497.
Post 24684884 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
In a gold rush, the money's in selling shovels. Cash up front, please.
Shovel - 1860: $0.96 c
Shovel - 2017: $6.00
Gold - 1860: $20.67/oz.
Gold - 2017: $1280/oz.
I don't think shovels were the better long term investment though.
Good answer!
498.
Post 24686584 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
There! That's very money! I hope it does it for you!
499.
Post 24707784 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
With Bitcoin Cash, Bitcoin Gold, and more spinoffs announced each week, it seems that this idea's time has finally come.
Congrats to all the thoughtful people who contributed to this thread.
bcash is old news already. your success will be your failure.
Like!
PS: I know this not facebook but what is someone to do!
500.
Post 24708446 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
The BCH crew were very stupid to attempt to kill BTC
We're not trying to kill Bitcoin Segwit. We are merely building Bitcoin Cash to be all that it can be -- in order to take its rightful place as the dominant Satoshi derivative.
I'm sure we've had a fair share of fly by night pump n dumpers. But enough of us are playing a long game. Those of you thinking this is over may want to rethink.
Altcoins existed for a long time! Nothing has happened to bitcoin!
501.
Post 24731204 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
I'm a newbie when it comes to understanding the mining game and this may not be much of use to most here but to me this automatic switching to higher yields advert on the Bitmain homepage explains a lot with regards to what happened over the weekend. And why that was so coordinated I guess.
I'm assuming then if you have an S9 sitting there and you are observing what it is doing you could potentially also profit from the BTC/BCH trading elsewhere.
As I wrote before, sha256 altcoins have existed for a long time. Why didn't miners switch to them from time to time? Does that stupid machine Jihad advertises
also calculate the mining fees? If yes, it will never switch to BCH mining as it has soooooooooooooo much space and soooooooooooo low fees!
Talk about shooting themselves in the foot!
502.
Post 24731329 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.
503.
Post 24731774 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.
Do not denigrate italian cars, all bicoiners willing to buy a lambo.
Well, my dad used to have a fiat when I was a boy! We still have front suspension parts at home in his closets!!!
504.
Post 24732016 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.
Do not denigrate italian cars, all bicoiners willing to buy a lambo.
Well, my dad used to have a fiat when I was a boy! We still have front suspension parts at home in his closets!!!
I drive an alfa 159, love it.
Good for you, happy to hear it! I on the other side won't touch them with a barge pole! Give me a corolla any day! I'll have it for 30 years by just spending pennies and sleep well at night!
505.
Post 24732354 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.
BCH is like FIAT.
Fine
Income -
A Thousand.
I admit it was a nice income!
506.
Post 24732700 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Why get angry. Bitcoin 15000, BCH 3000. I'm not against.
I got angry at the rhetoric and the hijack attempt, as well as all the lies. Other than that, it's an altcoin just like many others.
For example, I am not angry against bitcoin gold, but they didn't try to hijack anything.
Legitimate effort is legitimate effort and is to be respected.
507.
Post 24733446 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Unnecessary nerves. Lessons learned: Bitcoin must intensify. That's all. The kidnapping attempt was segwit2x not bch. But it was more of a violent upgrade. Maybe a useful one, who knows now.
Let me be the judge of all that you say, just as everyone else is.
508.
Post 24734638 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
You're such a wishman, HairyMaclairy
Why don't you go to an altcoin forum? This is the bitcoin forum. It also has an altcoin section. Go there!
509.
Post 24735608 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
... throw your cat out. I'm a bitcoin holder for 5 years. Everyone here talks about BCH and I can not? You're a little brazen.
Yeah, threw mine too!
510.
Post 24735701 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
... throw your cat out. I'm a bitcoin holder for 5 years. Everyone here talks about BCH and I can not? You're a little brazen.
Ok I tossed my cat out the window. Now moon?
cat and bitcoin have much many lives. But the bitcoin rather do not throw out of the window.
Thumbsup!
511.
Post 24741671 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
I have a few questions.
1) Does every node with good connectivity have all mempool transactions in its memory?
2) How can I query the mempool myself?
Thanks for any answers.
512.
Post 24743021 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
513.
Post 24759449 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Think again. BCH is consistently more profitable to mine than is BTC:
Not what I see in fork.lol. Besides, miners don't seem to be leaving!
I have a few questions.
1) Does every node with good connectivity have all mempool transactions in its memory?
No. Though nodes that have been continuously up for a long interval of time (days to weeks) will have near-identical mempool contents.
2) How can I query the mempool myself?
Run a node. Keep it up. (Some implementations make such queries easier than others.)
I understand there are websites you can query for the mempool - to some extent chain browsers can work.
Thanks for the answer.
514.
Post 24760090 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Thanks to Alcohodl and Itod for their posts clearing up things about LN.
The important part is that channel can stay open indefinitely, there's a big penalty to messing with the channel's funds, and also, that funds can be tranferred to other channels (and even other blockchains) without an onchain transaction. 440000 channels can be opened or closed per day, so, there will be a sort of "power up" phase to open the needed channels and then we are talking about many many transactions per day.
Bitch coin on the other hand..................
515.
Post 24761071 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
BTW, this week's candle is the biggest ever in the history of bitcoin.
In Bitstamp prices, it starts from $5850 and ends at $7997, a height of $2147!!!!
516.
Post 24761702 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Futures? Yeah, sure! Short all you like and feel the result!
517.
Post 24761815 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
BTW, this week's candle is the biggest ever in the history of bitcoin.
In Bitstamp prices, it starts from $5850 and ends at $7997, a height of $2147!!!!
Y'all motherfuckers need log scale
In log scale we need to reach $30k ! Let's do it!
518.
Post 24762622 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Yes, shorting btc really helps with that
When will they learn...
It's a "lose everything quick scheme"!
519.
Post 24775534 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
The amount of bs around here is getting old... I'll return when Bitcoin is 10k$ and Btx 1k$
Cheers and goodnight trolls...
Told you, there´s a bit of resistance at 10000 but not really much !
Of course there is! It's a round number after all!
Like $666
520.
Post 24776305 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
How are you people dumping fork coins that don't even exist?
That's what it is to have godlike powers!
521.
Post 24776546 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
522.
Post 24779520 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
Now can we stick to English please?
So how are those walls looking?
Painted ..................
523.
Post 24779571 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
On a more serious note, the walls look like there's a lot more upside!
524.
Post 24780303 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.27h):
On a more serious note, the walls look like there's a lot more upside!
Do the walls say we are going to have another year like 2017? Because I would like that.
I don't really know. But I think it is going to be similar.
525.
Post 25841568 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.31h):
526.
Post 26203500 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.32h):
Hey Meuh, how many nodes do we currently have?
527.
Post 26204272 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.32h):
Thanks!
161 779 = TOTAL NODES (luke.dashjr @ 2017-12-12 @ 13:49)
49348 /Satoshi:0.15.0.1/ 0.15.x
38234 /Satoshi:0.14.2/ 0.14.x
25236 /Satoshi:0.15.1/ 0.15.x
11614 /Satoshi:0.15.0/ 0.15.x
9356 /Satoshi:0.14.1/ 0.14.x
5111 /Satoshi:0.13.2/ 0.13.x
4698 /Satoshi:0.12.1/ 0.12.x
4183 /Satoshi:0.13.1/ 0.13.x
3081 /Satoshi:0.14.0/ 0.14.x
1984 /BitcoinUnlimited:1.0.3/ 0.12.x
1800 /Satoshi:0.14.99/ 0.15.x
1478 /Satoshi:0.8.5/ 0.8.x
938 /Satoshi:0.8.6/ 0.8.x
881 /Satoshi:0.8.1/ 0.8.x
765 /Satoshi:0.15.99/ next
685 /Satoshi:0.15.0/Knots:20170914/ 0.15.x
281 /Satoshi:0.9.3/ 0.9.x
224 /Satoshi:0.15.1/Knots:20171111/ 0.15.x
201 /Bitcoin Gold:0.15.0.1/ other
167 /Satoshi:0.13.0/ 0.13.x
107 /Satoshi:0.9.1/ 0.9.x
105 /Satoshi:0.14.2/UASF-Segwit:1.0/ 0.14.x
88 /Satoshi:0.14.2/Knots:20170618/ 0.14.x
84 /Satoshi:0.11.2/ 0.11.x
78 /Satoshi:0.8.0/ 0.8.x
51 /Satoshi:0.9.2.1/ 0.9.x
50 /Classic:1.3.8/ 0.12.x
49 /Satoshi:0.11.0/ 0.11.x
48 /Satoshi:0.14.1/Knots:20170420/ 0.14.x
46 /Satoshi:0.12.0/ 0.12.x
45 /Satoshi:0.10.2/ 0.10.x
44 /Satoshi:0.10.0/ 0.10.x
37 /BitcoinUnlimited:1.0.2/ 0.12.x
36 /Satoshi:0.13.1/Knots:20161027/ 0.13.x
32 /Satoshi:0.7.2/ 0.7.x
30 /Satoshi:0.8.3/ 0.8.x
29 /Classic:1.3.3/ 0.12.x
29 /BitcoinUnlimited:0.12.1/ 0.12.x
29 /Satoshi:0.14.2/UASF-Segwit:0.3/ 0.14.x
28 /therealbitcoin.org:0.9.99.99/ 0.5.x
26 /btcwire:0.5.0/btcd:0.12.0/ other
26 /Satoshi:0.10.1/ 0.10.x
23 /Satoshi:0.8.2.2/ 0.8.x
19 /Classic:1.3.6/ 0.12.x
18 /Satoshi:0.12.99/ 0.13.x
17 /Classic:1.3.7/ 0.12.x
15 /Classic:1.3.4/ 0.12.x
14 /Satoshi:0.9.2/ 0.9.x
14 /Satoshi:0.9.4/ 0.9.x
13 /Satoshi:0.14.1/UASF-Segwit:0.3/ 0.14.x
13 /Satoshi:0.14.0/Knots:20170307/ 0.14.x
12 /Satoshi:0.11.1/ 0.11.x
11 /Classic:1.2.5/ 0.12.x
11 /Classic:1.2.0/ 0.12.x
10 /Satoshi:0.7.0.3/ 0.7.x
10 /Satoshi:0.13.2/Knots:20170102/ 0.13.x
9 /Satoshi:0.0.0.64/ next
9 /Satoshi:0.0.0.144/ next
9 /Satoshi:0.9.0/ 0.9.x
9 /Classic:0.11.2/ 0.12.x
8 /Classic:1.3.5/ 0.12.x
8 /BitcoinUnlimited:1.0.1.4/ 0.12.x
8 /Free the Markets - Free the People - https://btcpop.co /BitcoinUnlimited:1.0.2/ 0.12.x
8 /Classic:1.1.1/ 0.12.x
7 /Satoshi:0.13.99/ 0.14.x
6 /Satoshi:0.0.0.81/ next
6 /BitcoinUnlimited:1.0.1.3/ 0.12.x
6 /Satoshi:0.6.3/ 0.6.x
6 /Satoshi:0.9.5/ 0.9.x
5 /Satoshi:0.8.4/ 0.8.x
5 /CKCoind:0.15.0.1/ other
5 /Satoshi:0.7.1/ 0.7.x
5 /libbitcoin:3.3.0/ other
5 /Satoshi:0.11.3/ 0.11.x
4 /Bitcoin XT:0.11.0F/ 0.11.x
4 /Satoshi:0.0.0.180/ next
4 /Satoshi:0.10.4/ 0.10.x
4 /libbitcoin:3.2.0/ other
4 /BitcoinUnlimited:1.0.1.1/ 0.12.x
4 /Satoshi:0.0.0.24/ next
4 /Nogtoshi:0.15.99/ other
4 /Satoshi:0.14.0/UASF-Segwit:0.2/ 0.14.x
3 /Classic:1.3.1/ 0.12.x
3 /Classic:1.1.0/ 0.12.x
3 /BTG:0.16.1/ other
3 /Satoshi:0.14.0/UASF-Segwit:0.3/ 0.14.x
3 /Satoshi:0.6.2/ 0.6.x
3 /Satoshi:0.0.0.124/ next
3 /Classic:0.12.0/ 0.12.x
3 /Flurbo:0.12.2/ other
3 /Gocoin:1.9.3/ other
2 /Satoshi:0.0.0.125/ next
2 /Bitcoin XT:0.11.0/ 0.11.x
2 /Satoshi:0.6.0.6/ 0.6.x
2 /BitcoinUnlimited:1.0.3 / 0.12.x
2 /Bitcoin Platinum:0.15.0.1/ other
2 /Classic:1.2.3/ 0.12.x
2 /Bitcoin XT:0.11.0E/ 0.11.x
2 /Satoshi:0.0.0.100/ next
2 /BitcoinUnlimited:1.0.0.1/ 0.12.x
1 /BitcoinUnlimited:1.0.3 ezview/ 0.12.x
1 /BitcoinUnlimited:v1.0.3 template/ 0.12.x
1 /BitcoinUnlimited:1.0.3 boom/ 0.12.x
1 /BitcoinUnlimited:1.0.3 buforever/ 0.12.x
1 /Statoshi:0.12.99/ other
1 /Classic:0.12.1/ 0.12.x
1 /Classic:1.2.2/ 0.12.x
1 /BitcoinUnlimited:1.0.3 guster/ 0.12.x
1 /BitcoinUnlimited:1.0.3 KOMARANSKY/ 0.12.x
1 /Classic:1.2.5/more_nodes:1CLASSoZWZ6QtfwwUrJBiskNGncLhzicP8/ 0.12.x
1 /BitcoinUnlimited:1.0.3 Adamtheindiv/ 0.12.x
1 /BitcoinUnlimited:1.0.3 MicroGuy2/ 0.12.x
1 /BitcoinUnlimited:1.0.3 SSRN_2993315/ 0.12.x
1 /BitcoinUnlimited:1.0.3 my_lil_node/ 0.12.x
1 /Bitcoin XT:0.11.0G/ 0.11.x
1 /BitcoinUnlimited:1.0.3 SSRN_2993312/ 0.12.x
528.
Post 26504538 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Maybe I'm naive, but with all these noobs and old-timers alike whining about transaction fees, I worked out some back of the envelope calculations:
The Bitcoin network is consuming about 100 million kWh to process nearly 400,000 transactions per day. That works out to about 250 kWh per transaction, or about a week of modest home consumption, or enough to power 8 typical US households for a day.
The average cost of electricity in the US is 12 cents per kWh which works out to $30 per transaction or 0.0015 BTC at $20k. This is the break-even transaction fee in terms of energy usage. Any less, you're getting a deal and should be happy to wait for confirmation, any more and hopefully your premium speeds things up.
I personally think $30 is a fair price to securely move any amount of BTC to anyone in the world in typically less than an hour, until either electricity costs come down or the network becomes more energy efficient as demand and use dictate. It's way cheaper and more convenient than a wire. And wires are never intended for small amounts. They're for heavy lifting and high priority transfers. Just try and think about trying to send someone several kilos of gold for $30. For better or for worse, BTC has or will become the favored child of savvy millionaires, governments, and institutions to store (HODL!1) and transmit increasingly vast sums of wealth, sans regulation or too much oversight for the time being.
Besides, there already exists a cheaper and more energy efficient way to send crypto: it’s called Litecoin, et al. You want a cheaper transaction fee, switch to a cheaper coin. It’s less than 50 cents to send Litecoin and your transaction is confirmed way faster. Save your BTC transaction fees for heavy lifting. All these arguments about trying to achieve Visa's daily transaction capacity - why? We already have Visa. Do people really need to securely and irrevocably purchase coffee on the world's first and most desirous blockchain? BTC serves a way different purpose than Visa, and I'm happy having both for the time being. Soon enough there will be Xapo, Revolut, and Square charge card options that will work out a cheap way to transact off-chain and settle on-chain once a month or year or whatever floats your boat.
To me, the analogy between to gold, silver, copper seems apt for various crypto. The abundance, demand, difficulty and cost of extraction and delivery costs get factored into each crypto's price. But BTC still has some tricks up its sleeve, like LN and atomic swaps and other inevitable network improvements clever people will eventually figure out. The future crypto ecosystem looks bright to me. And hopefully the carbon footprint will improve as energy sources and blockchain efficiencies shift into the future.
Thanks for the really fine thoughts! Cheers!
529.
Post 26504807 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
.........
The problem with your calculations is that it does not include the 12.5 BTC reward the miners get with each block. That alone rewards the miners about 90.00 USD per tx at the current price. At this point in the game, the tx fees are just extra profit padding.
And?
530.
Post 26505288 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
.........
The problem with your calculations is that it does not include the 12.5 BTC reward the miners get with each block. That alone rewards the miners about 90.00 USD per tx at the current price. At this point in the game, the tx fees are just extra profit padding.
And?
Who do you think is the most likely suspect of spamming this network to artificially inflate the tx market?
I'll give you a clue.
I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!
531.
Post 26505409 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!
It's bleeding obvious it's them.
Who is them? The miners in general or the bcash company?
532.
Post 26505647 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Who is them? The miners in general or the bcash company?
Most likely Bitmain. Which is also the Bcash company.
Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.
533.
Post 26505937 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.
Well, it's not really to their cost as they probably control more than 50% of the hash rate so they collect their own fees. Even if they miss them, they've driven fees up so high that they collect more in general anyway. It's a very neat and nauseating loop.
If they did control more than 50% of the hashing power, they would do a 50% attack, like undoing blocks and whatnot. Most mining machines being sold by bitmain, doesn't mean that they control them as well.
534.
Post 26506102 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
.........
The problem with your calculations is that it does not include the 12.5 BTC reward the miners get with each block. That alone rewards the miners about 90.00 USD per tx at the current price. At this point in the game, the tx fees are just extra profit padding.
And?
Who do you think is the most likely suspect of spamming this network to artificially inflate the tx market?
I'll give you a clue.
I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!
First of all, you are aware that Antpool, which is run by Bitmain, does not share the tx portion the reward to the miners. Also, BTC.com, also run by Bitmain, runs a transaction accelerator that make you pay to put through your stuck transaction. Bitmain has everything to gain by filling up the mempool with lower fee transactions to collect higher fees and encourage people to give their transaction accelerator a try.
The two still don't make 50%. And bitmain has lost it's advantage due to the bug that bitcoin had. Let's see how that unfolds.
535.
Post 26506151 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
If they did control more than 50% of the hashing power, they would do a 50% attack, like undoing blocks and whatnot. Most mining machines being sold by bitmain, doesn't mean that they control them as well.
You must be new to both bitcoins AND altcoins if you believe that's true. I mean we have altcoins where one miner will own like 80% of the hashrate for months and no 51% attacks occur. Why? Because at that point you are a monopoly man and there is no point in destroying the monopoly you benefit from. Is it "decentralized"? Fuck no. But just because it's 100% centralized with no fundamentals doesn't mean it instantly dies.
You find me a way to teleport gold or silver and then come back talking. Meanwhile, welcome to my ignore list.
536.
Post 26506295 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
The two still don't make 50%. And bitmain has lost it's advantage due to the bug that bitcoin had. Let's see how that unfolds.
Don't go forgetting ViaBTC and Bitcoin.com too. If they're not Bitmain owned, they are proxies.
Proof?
537.
Post 26506466 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.
Well, it's not really to their cost as they probably control more than 50% of the hash rate so they collect their own fees. Even if they miss them, they've driven fees up so high that they collect more in general anyway. It's a very neat and nauseating loop.
If they did control more than 50% of the hashing power, they would do a 50% attack, like undoing blocks and whatnot. Most mining machines being sold by bitmain, doesn't mean that they control them as well.
Bitmain definitely does have the capacity to gather more than 50% of the hash power, if they so desired. However, for them to invoke a 50% attack would be killing their goose that lays golden eggs. One may argue that they would invoke the attack to bolster BCH. However, it is quite clear from Jihan Wu's recent tweets is that he wants to keep his hands in both the BTC and BCH till.
Obviously he's lost his "advantage" and at lest wants to keep his money!!! What's new?
538.
Post 26506577 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Still, even if that is true, they don't want to kill the goose that lays the golden eggs. It's better for them to just admit that they haven't been so smart. At least admit it to themselves.
539.
Post 26506719 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Talking about spam, let's not forget that all exchanges have been fighting with heavy traffic (new users etc). That is not spam. That is just hitting the limit.
540.
Post 26506783 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Still, even if that is true, they don't want to kill the goose that lays the golden eggs. It's better for them to just admit that they haven't been so smart. At least admit it to themselves.
They want to drive everyone to Bcash. It's not going to work but they'll give it a whirl. If that fails they still have a stranglehold over BTC. If it works then they own BCH lock stock and barrel.
If they have it and it works, they stand to lose a lot! Like really really a lot! Again, why kill the goose that lays the golden eggs?
541.
Post 26506819 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
Guys... subject of this thread is "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion"
Of course! And.........................we are getting pooper!
542.
Post 26507069 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.33h):
BTW, I can't wait to see the new altcoin inventor that will mine it till it stands on its feet and then just "move on to other things"! Come on people! Who has the balls?
543.
Post 26707987 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
544.
Post 26708167 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Makes one wonder what they'll do when theit blocks are full? Add segwit?
Note that 8MB of data every 10 minutes will certainly please the full nodes, as they'll have to stockpile raid5 hard drives to store all that junk ...
They will be very pleased, no doubt! Your average user is willing to pay and can handle raid 5!
545.
Post 26722857 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Hmmm
Maybe
he is hedging his short positions ?
This is interesting...
LedgerX Chief Executive Paul Chou declined to identify who was behind the big call-options play, citing regulatory restrictions. But the scale of the purchasing reflects the mounting interest of hedge funds and other big financial firms in cryptocurrencies, he said.
“Without a doubt, there are institutions out there that are looking at these types of trades or have done these types of trades,” Mr. Chou said. “It’s not an individual, let’s put it that way.”
Ok, let's say that the moon is a very close target. The asteroid belt sounds more like it!
546.
Post 26723532 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Fees are calculated per byte not per transaction so a miner is notionally indifferent to mining 5 normal or 10 Segwit transactions. In reality I suspect that miners are anti-Segwit because less congestion would be less fees.
And for now, it's OK for Bitcoin network rules :
https://bitcoincore.org/en/2016/10/27/segwit-upgrade-guide/The segwit soft fork has also been designed to be both backwards and forwards compatible with all commonly-used wallets, so wallet developers and users can also independently decide whether they want to adopt segwit or continue making transactions without segregated witnesses.
We can fix that.
Users (full nodes) must
enforce segwit transactions.
I guess the time will come for that as well.
547.
Post 26723873 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
like always, we must wait 1 year (4 revisions of Bitcoin Core).
Thumbs up!
548.
Post 26724812 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Fees are calculated per byte not per transaction so a miner is notionally indifferent to mining 5 normal or 10 Segwit transactions. In reality I suspect that miners are anti-Segwit because less congestion would be less fees.
And for now, it's OK for Bitcoin network rules :
https://bitcoincore.org/en/2016/10/27/segwit-upgrade-guide/The segwit soft fork has also been designed to be both backwards and forwards compatible with all commonly-used wallets, so wallet developers and users can also independently decide whether they want to adopt segwit or continue making transactions without segregated witnesses.
We can fix that.
Users (full nodes) must
enforce segwit transactions.
I guess the time will come for that as well.
Any place to see segwit adoption of Miners & Core Nodes?
I have gone to
https://coin.dance/nodes#shareBut it does not say how many core nodes are actually accepting segwit. I suppose some nodes have not upgraded and therefore cannot support segwit.
And also the miners here do not show which ones support segwit.. I assume that most of them by now?
https://coin.dance/blocks
And YES I hope they can enforce segwit very soon! The BTC price will go BOOM! Finish that BITCH once and for all.Abything above Satoshi version 0.13 supports segwit.
https://charts.bitcointicker.co/#nodeversions
549.
Post 26725398 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Exactly. But one day, mining hardware competition will come. Mining pool competition will come.
I'm not worried.
In the early 1990's, there were only a few companies that made reliable modems. The only onramp people had to the WWW. And these companies enjoyed a monopoly.... for a while.
That's why I'm not worried about Bitmain. Their day of reckoning will come.
Any theories as to why they've been out front for so long? They're just a bunch of people. I don't understand why no one else in the world has caught up already.
Bitmain patented a way to use a bug in bitcoin code, so that their miners were some percent faster than others'. That bug was gone when segwit came. Bshit still has it though, hence the real reason for the fork (at least one of them)!
Bshit is much fast, very network, such wow!
550.
Post 26727529 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
For those worrying:
1) Blocks really contain more transactions as tim passes. That's segwit at work.
https://blockchain.info/charts/n-transactions-per-block?timespan=all2) Median confirmation time is still the same (fee is higher though).
https://blockchain.info/charts/median-confirmation-time?timespan=all3) New people are really pouring in! Stop seeing spam everywhere!
https://blockchain.info/charts/n-unique-addresses?timespan=all
551.
Post 26727768 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Oh, and, yeah, bitcoin is dying!!! (Look at the graph)!
https://blockchain.info/markets
552.
Post 26733490 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
553.
Post 26733599 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
554.
Post 26765704 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
well that was completely fucked.
is it over?
No. It goes like this:
- Bitcoin is too high, let's dump and kill it!
- It went down, but didn't die, let's buy some.
- New ATH, several times higher than the previous one.
- Go to step one.
The whole thing looks like a dead cat bounce, only inversed, shall we call it an "alive cat jump that grows bigger and becomes a tiger"!
555.
Post 26766840 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
.................
Just become a hodler. You will also win more $ besides less taxes.
556.
Post 26766936 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
.................
Just become a hodler. You will also win more $ besides less taxes.
Just sell it for cash and don't pay a dime in tax
And lose all the BTC upside as well ........
557.
Post 26766960 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
somebody somewhere must be laughing
I am somewhere and I am laughing!
558.
Post 26767383 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
See ya at the next halving?
There's another leg up to be had, up to $80k-$100k.
Then bear till some time after the halving. Could be smoothed out though. No Gox to die this time.
559.
Post 26767453 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
The only question is BTC or BCH.
Haven't you still answered that one?
560.
Post 26767984 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
The only question is BTC or BCH.
Haven't you still answered that one?
Like I said earlier, I hold 3 BCH for every BTC I hold. So I'm leaning towards BCH but acknowledge that BTC may pull a rabbit from the hat and solve the block size limit problem.
The rabbit from BTC's hat is coming (it's the lightning network). Meanwhile BCH has done exactly nothing to that effect. And no, just increasing the block size limit is not solution, just a patch in the gaping hole. It will also prove deadly mid term.
561.
Post 26768142 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
mainstream adoption my a*s
The BTC blockchain only has 1 mil different addresses. There's 7 billion people on this earth! Looooooooong way to go still!
562.
Post 26768667 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
The rabbit from BTC's hat is coming (it's the lightning network). Meanwhile BCH has done exactly nothing to that effect. And no, just increasing the block size limit is not solution, just a patch in the gaping hole.
BCH is so boring technologically...
ETH has better tech for cash-like transactions, with their effectively-unlimited block size, short block intervals, and uncle blocks, and ETH isn't even specifically designed for that. (Note: I have never owned any ETH.) People are going to claim that I'm saying this just because I have a personal grudge against BCH (which isn't really true), but I just can't take BCH seriously at all.
BCH is just a copy of BTC with one parameter changed, all done to keep the bug that helps bitmain. Technological progress is not needed there, is it...........
563.
Post 26768746 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
The rabbit from BTC's hat is coming (it's the lightning network). Meanwhile BCH has done exactly nothing to that effect. And no, just increasing the block size limit is not solution, just a patch in the gaping hole.
BCH is so boring technologically...
ETH has better tech for cash-like transactions, with their effectively-unlimited block size, short block intervals, and uncle blocks, and ETH isn't even specifically designed for that. (Note: I have never owned any ETH.) People are going to claim that I'm saying this just because I have a personal grudge against BCH (which isn't really true), but I just can't take BCH seriously at all.
Classic example of over-engineering to try to take control of the market an already functioning technology produced. Bitcoin Cash is Bitcoin, BTC is the ponzi bubble orchestrated by blockstream.
You can say whatever you want but the history books will see right through these lies.
History will have to look through several terabytes of (unable to be stored) data!
564.
Post 26769281 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
The rabbit from BTC's hat is coming (it's the lightning network). Meanwhile BCH has done exactly nothing to that effect. And no, just increasing the block size limit is not solution, just a patch in the gaping hole.
BCH is so boring technologically.
Indeed, it is no longer exciting technologically as it is just the peer-to-peer electronic cash system described in the Satoshi white paper.
Satoshi didn't describe a bug that should never be fixed.....
565.
Post 26771098 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
BCH is so boring technologically.
Who the hell wants the excitement in their life to be provided by their
money? Certainly not me. Money should Just Plain Work.
Yeha, I m still exited about the bitcoin basics and its genius protocol. But thats done and why try to change the E=m*c^2?
Next is to get cool clients on top. But SW? Sorry!
Recentralization due to size has nothing to do with the original decentralization vision.
566.
Post 26771150 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
....
average progression is OK for me.
It's running home to mama (ATH), isn't it?
567.
Post 26771200 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
The rabbit from BTC's hat is coming (it's the lightning network). Meanwhile BCH has done exactly nothing to that effect. And no, just increasing the block size limit is not solution, just a patch in the gaping hole.
BCH is so boring technologically.
Indeed, it is no longer exciting technologically as it is just the peer-to-peer electronic cash system described in the Satoshi white paper.
The better question is, how much longer are the Peter R and Maxwell camp both going to pretend it's actually possible to create a decentralized digital currency in the first place when it's not? You are doing a disservice to the world by telling them a centralized govt tracking system is somehow going to make their life better when they could be buying physical silver or gold instead.
One day you will realise that we are all on the same side and our enemies are the Jewish run banking cartels.
Yeah, only BCH wants to become one! Slight difference there!
568.
Post 26776601 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Breaking 24777$ prediction game
09/01/2018 explorer
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
25/01/2018 orpington
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
31/01/2018 realsteelboy
12/02/2018 yonton
13/02/2018 Wekkel
19/02/2018 BitCoinBurger
06/03/2018 sa_94
07/03/2018 NUFCrichard
05/11/2018 mikenz
Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taking iT cannot been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins
LIST MAKING ENDS 25-12-2012 @ 22.00 cet
I'm in too. 8th Feb 2018
569.
Post 26781201 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Time to send in the Guard! (waterloo). I hope Ver/Wu are happy. Their shitcoin is taking a bigger hit than anything else. What did they expect to happen? Destroy bitcoin and bcash would rise up to take the crown. Destroy bitcoin and you destroy all
Honey badger at work!
570.
Post 26781499 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
If not for Ver, it would have been another drama to fuel the drop anyway
Yep! Market had become very thin anyhow.
571.
Post 26782461 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Double bottom. Time for a rebound?
We all gonna die, its all over REEEEEE
It's fallllliiiiiiiing!!!!
572.
Post 26782544 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
24777$ prediction game
18/14/2021
In the future is there a problem with the Earth's gravitational pull resulting into longer years, thus more months?
There will be a problem but instead, we will have longer months!
573.
Post 26782721 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
But, but, but, we said crypto is dead! Why do you insist?
574.
Post 26783173 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
But, but, but, we said crypto is dead! Why do you insist?
Which crypto? Crypto Cash Or Crypto Core?
Crypto crash is dead by definition!
575.
Post 26783238 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
12560 critical !
that's it put mcaffee in jail
i sense big regulations comin for crypto
Regulation no 1. : Thou shall not fall from ATH again!
Regulation no 2. : Follow no 1.
576.
Post 26785081 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
I would bet that Jimbo is at the bitcoin ATM buying like crazy!
577.
Post 26785625 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
That awkward moment when BCH shills realize that their fate is joined with Bitcoin. If Bitcoin fails, all crypto will.
https://img.memecdn.com/matrix-ball_webm_2954921.gif
578.
Post 26787500 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
It doesn't require belief really!
579.
Post 26787980 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Breaking 24777$ prediction game
27/12/2017 bikerleszno
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
21/01/2018 flamast2
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
31/01/2018 realsteelboy
12/02/2018 yonton
13/02/2018 Wekkel
15/02/2018 starmman
16/02/2018 vit05
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
06/03/2018 sa_94
07/03/2018 NUFCrichard
13/03/2018 erre
18/03/2018 fabiorem
21/03/2018 dakustaking76
05/04/2018 bitcoinbunny
11/04/2018 hairymaclairy
02/06/2018 oblox
05/11/2018 mikenz
31/12/2018 melman2002
Thanks for the prediction game fun!
I'll take:
14/02/2018 Fluidjax
20/01/2018 it will be
16/02/2018 vit05
Sorry please remove this I have taken 16/2 a page earlier
16/02/18 please
24777$ prediction game
Sorry
I was forgottten. 8th Feb 2018 please! Thanks!
580.
Post 26818434 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
An economy that has to grow to survive is not sustainable.
Exactly! And when we find where the limit is, it will be really painful!
581.
Post 26818554 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.
hold the phone there Tex.
this sphere is finite. An economy that has to grow to survive is not sustainable.
At that time the creation of fiat can decrease. It's not like it's hardcoded.
It is hardcoded. Fiat is only issued as a loan. Such massive loans require a growing economy so it becomes possible to pay them out (with more loans of course).
Not to mention the legal system. What exactly happens when everything is a loan?
582.
Post 26818587 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.34h):
Falllllliiiiiing!!!!
583.
Post 26819050 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
584.
Post 26821795 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
why you go up when i want to short you BTC
Bitcoin doesn't stand in your way to shorting it!!! You are free to do so!
585.
Post 26822957 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
I just saw the following ad on the forum:
-------------------------------------------------
There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
-------------------------------------------------
I wanted to note that even in the case of thin bitcoin clients, the final verfication is done by the network of nodes (full or pruned wallets), hence, no double spending is ultimately possible.
PS: Now we have FUD on ads! What's next!
586.
Post 26823985 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
What if crypto is Skynet and we all die
What if ::::
NOTMe likey that one! Cheers!
587.
Post 26856425 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
How many geniuses will continue trying to defend the bitcoin narrative as digital gold or layer of decentralized settlement for large financial institutions?
....................
1) Nodes (regardless if they are transacting or not) are the ONLY ones that store and transmit the blockchain and choose what goes in and what does not. Therefore they are the only ones that ENFORCE the rules (like the 21 million coin limit).
2) The shop is not good because there's too many people?
Noooooooooooooo! We've raised big interest and it's just impossible (or too dangerous) to be all things to all people. Even huge blocks would not do that.
3) Come back and say this in 100 years.
588.
Post 26887683 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.
Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.
And I say 2.456745645 or 1.823456345634 . Why is it two? And once we start, where do we stop?
Enough with the gut feelings! First time we got some real traffic, we're gonna expand the shop? And then what? Store endless cheap spam for eternity?
No thanks!
589.
Post 26905682 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
2MB blocks, 8MB, 64MB, whatever you want MB is not the solution.
2mb would give Core time to implement LN and other sidechains.
It's already implemented. Not just a reference implementation, but production implementations by three (3) independent companies:
ACINQ,
Blockstream, and
Lightning Labs. Tested on testnet that each implementation works with two others. They are now testing it on the mainnet. How impatient people can be? Should they put it in production without proper testing? Some of them are opensource, but support is not free. You realize they are rushing to put it to market, because whoever is first will get the bigger share of the profits from every institution who will be using it. But at the same time, they can not afford the screw up, so it's a balance between enough testing and hurrying to offer it to entities on the market. Be asured they will not take a single day longer then it is absolutely necessary.
I just hope they take their time and make it as bugless as possible! We all saw what happened with the bug that bitmain took advantage of.......
590.
Post 26906620 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
If the block limit of 1mb will inevitably be eliminated, why refuse an increase in the size of the blocks at critical times like the ones we have seen these days?
How do you tell critical times from spam times?
Currently 50GB of data is added every year, ie in a year the blockchain will be at 200GB. Also, it's not static data but a database. Not really an easy load.
Whatsmore, a bigger blocksize will mean a faster growing blockchain. For example, BCH will have to face 400GB of additional data per year. Who will care to start a new node in a year from now?
591.
Post 26907173 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
Nice in many many more ways than one!
592.
Post 26921010 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
Bitcoin is a device for transferring money from the impatient to the patient
Yep! It is!
593.
Post 26921947 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
Merry Christmas to all!
594.
Post 27003892 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
The solution is right there to be used and yet they insist that Bitcoin must change? Huh?
They really are that smart!
595.
Post 27042704 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
Is it going to have replay protection this time?
596.
Post 27050790 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
Does anyone know if segwit2x will have replay protection?
597.
Post 27115449 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.35h):
Guys I know this is off topic but is there a way to stop a unconfirmed transaction. Someone just stole the coins from my wallet.
try to double spend your coins to a new address where you own the private key.
put a very high fee in this tx and hopefully your tx will be confirmed before the tx of the theft.
This is to certify that small blocks have in fact one additional advantage. They allow people to fix errors before they become permanent.
598.
Post 27195561 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.36h):
Wouldn't it be awesome if btc price = current year again? Everybody was so stoked about it the first time around!
It would be better if btc price = current WO thread page count!
599.
Post 27250884 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.36h):
With all the price drama, withering Bitcoin dominance and high fees discussion, Bitcoin still functions beautifully
It will be a great year for the Honey Badger, no doubt.
Talk talk talk and blah blah blah have nothing to do with the functionality of the honey badger.
600.
Post 27254410 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.36h):
The lower we go up to $5,000 the higher is the next floor.
Or the longer we stay at a relatively low price. It's also a function of time.
601.
Post 27423251 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.36h):
I don't understand why there is so much negativity about BCH here. I'm not a BCH fanatic nor a BTC hater, I hold both in similar numbers.
The fact is BTC couldn't get to an agreement on something, so a fork happened. The forkers predicted that BTC would get stuck, and that's exactly what happened. At the moment BTC is almost unusable. I ordered myself BTC miners and had to pay in BCH.
I don't really care for LN, but even if I did, I can't use it right now. I can use any of thousands of coins, some shitty some not, to send money for cheap, the only one I can't do that with is BTC, isn't that bothering you at all ?
The only reason this situation hasn't caused a much bigger drop in price is that BTC being stuck, people couldn't get it to exchanges. And of course the fact that many people are now invested in BTC without understanding the first thing about it, without owning a wallet and without having even sent any coin anywhere.
Sounds like you have no fucking clue, and you are just spouting off BCH talking points.
Good luck to you and your BCH, and get the fuck out of here. Bye bye.
Just put him on ignore.
602.
Post 27472344 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.37h):
What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.
More modern cryptocurrencies? Some are not even cryptocurrencies (like ripple)! Some others don't even work, yet they have a price that goes up and down (like Uno)!!!!! Get real!
As for modernity, you can try the bitcoin lightning network here!!!
https://htlc.me/Of course, it's on testnet.
603.
Post 27492140 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.37h):
What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.
More modern cryptocurrencies? Some are not even cryptocurrencies (like ripple)! Some others don't even work, yet they have a price that goes up and down (like Uno)!!!!! Get real!
As for modernity, you can try the bitcoin lightning network here!!!
https://htlc.me/Of course, it's on testnet.
The Lightning Addresses seem kinda long. Please send me 20 cents.
lntb13370n1pdyuj2qpp504kf7ht2q70mu9c7w5y2yz3sh540rzet0mmqmpjyzrh2wl274p3sdz80v3
xjg36yg6rzefexf3n2v3dxsmkgvpdx3jrswfd8psnwvpdx93njcesxs6rjdp5xs6zylgcqzys6yyxjg
dx5pp54pdam2duxvyvta63mh675lspjav0500ds5a6htyydd46y8tjqy4unkwtj52w2pmt2fwhqn4xw
mu33jcqq55uxcfc35cqmjvg6k
Go to the above address, generate an invoice on the "Receive" tab, then paste me the id of the invoice. You can also do it yourself. Just use different browsers for sending and receiving.
604.
Post 27492314 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.37h):
Back at 15k
A year ago nobody believed it could get to 15k by 2018. That's an amazing price to stabilize at.
Indeed!
605.
Post 30497475 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_15.44h):
606.
Post 51152792 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_16.47h):
Well, I would bet that someone could sue him for false filing a copyright. He can't prove he is Satoshi. End of story.
What about our big exchanges, whales, etc?
Besides, the software and the paper were released under the MIT license.
-----------------------
From the U.S. Constitution to old newspapers, from the paintings of old masters to the national anthem, the public domain has been copyrighted... Copyfraud is the most outrageous type of overreaching in intellectual property law because it involves claims to a copyright where none at all exist.
Jason Mazzone[5]:25
-----------------------
https://en.wikipedia.org/wiki/Copyfraud
607.
Post 51153299 (copy this link) (by alexeft) (scraped on 2020-04-04_Sat_16.47h):
TF's happened to BSV!?
"Satoshi" buying himself?
=1 BTC
