All posts made by manfred in Bitcointalk.org's Wall Observer thread
1.
Post 2604229 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.07h):
2.
Post 2627129 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.07h):
So much red brings every bulls blood near boiling point.
3.
Post 2627760 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.07h):
Cash has an expiration date.
Yes, same as everything else, including bitcoin.
4.
Post 2645462 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.08h):
5.
Post 2683989 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.09h):
M-Pesa seems more like a rivaling currency than anything else. It already has millions of transactions daily and growing fast, bitcoin is becoming a gamblers paradise.
http://en.wikipedia.org/wiki/M-Pesa.
6.
Post 2684175 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.09h):
M-Pesa seems more like a rivaling currency than anything else. It already has millions of transactions daily and growing fast, bitcoin is becoming a gamblers paradise.
http://en.wikipedia.org/wiki/M-Pesa.
Users are charged a small fee for sending and withdrawing money using the service.
It will cost you Ksh3 to send any amount between Ksh10 and Ksh50
33 Kenian shillings if u sent between 501 and 5000 shillings
http://www.safaricom.co.ke/personal/m-pesa/m-pesa-services-tariffs/tariffs/tariff-faqs
7.
Post 2692537 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.09h):
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
because they have no interest in a shitty small market like this? if this can even be considered a market, it's just a matchmakers service really.
if there's money to be made, they'll be here. perhaps not large institutions but individual traders that have wall st experience, why wouldn't they?
professional wall street traders wouldn't touch this with a 10 foot barge pole.
there are much, much better opportunities out there for a professional trader.
Bitcoin is trading haven for a professional trader, nowhere else would he find so many inexperienced traders
8.
Post 2692741 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.09h):
Not only would a professional trader find inexperienced traders, even better for him he will find people buying on sentiment, emotions. Professional only sees on thing Money. Dont matter how big your stack of Bitcoins is a professional will have turned over more coins in a very short time, cashing in the profits along the way.
Did buy some bitcoins in 2011 from a london banker and i certainly had to wait a long time before a bitcoin was worth the price i paid for.
9.
Post 2713726 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.10h):
Went all-in at $20.
Never sold, now I see it was a mistake. I could have easily doubled my holdings if I sold when I thought I should have, but I didn't just because I didn't even want to have the hassle to send coins to Gox.
There is a big difference in holding 300 or 600 coins, guys.
Thats why it does not matter how big your stash is you only can sell it once at whatever price you think is right. Any smart trader will easily outpace your "hypernating" coins and convert it to cash along the way. Only requirement for good trades is a market which moves.
10.
Post 2713773 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.10h):
Nothing in life is easy it takes commitment and dedication.
You have two choices:
- You work for the money
- Money works for you
11.
Post 2767174 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.11h):
Holy fckin bidwall. Is there any site that shows depth changes over time? I missed how big it was - well over 5k, guess it was a whale call? FYI its gone now, I saw it on tradingfloor graph and by the time I checked the actual bids it was pulled...
Bitcoin volume traded last 1000 days
12.
Post 2767339 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.11h):
With Monthly Moving average and zoomed in.
13.
Post 2782121 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.11h):
When MtGox finally goes down and Bitcoin is used as it was meant to be, what would you guys do?
There should be two "bitcoins" one for the fool finding bigger fool guys and the other one for using it the way it is intended to be used.
14.
Post 2884969 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.12h):
DUCKLING!!!!
Yes this tread is going downhill fast. 20 posts: 10 of which are chartbuddy, 5 off topic the rest ducklings..
15.
Post 2886338 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.12h):
Please tell me what kind of problem is getting $$$ in gox? Why deposit $$$ when you can deposit cheap BTC.
Just what other people have made comments about in this thread.
like this
16.
Post 3044614 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
I'm not convinced that bubble money isn't just being redistributed right now. How much fresh money do we think is flowing into the exchanges?
I'd be curious to see an update from that guy who was charting forum activity over time.
It is't forum activity but the next best thing. Google trend seems to level out at about 15% of peak. Before it it was at 5%.
17.
Post 3051543 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
Bitcoin price and Volume for the last year at a 1000 to 1 ratio and the volume is smoothed with 10 day average price.
On average the last 40 days fewer bitcoins changed hands than before the spike, price pointing the other way. Not sure if this is a good development.
18.
Post 3051581 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
Do you mean "MtGox" volume and price?
yes
19.
Post 3051792 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
This is Bitstamps price- volume for the last year. ratio is only 100:1
20.
Post 3054906 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
A bull run has occur
A Gox run does occur
21.
Post 3055017 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
A bull run has occur
A Gox run does occur
Did this occur?
It's occurring.
In the last 50 days on average 20k of Bitcoins (USD) where traded per day on gox.
A year ago before the spike and all 34k of Bitcoins changed hands per day.
Slowly Mtgox gets trained of coins to trade, nobody wants to be last man standing.
22.
Post 3055149 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
A bull run has occur
A Gox run does occur
Did this occur?
It's occurring.
In the last 50 days on average 20k of Bitcoins (USD) where traded per day on gox.
A year ago before the spike and all 34k of Bitcoins changed hands per day.
Slowly Mtgox gets trained of coins to trade, nobody wants to be last man standing.
Its not completely fair compairing a volume with a pricepoint of 145 USD to a volume with a price point of below 10 USD.
On 25 April 187k of Bitcoins where traded at a price of >140USD.
Bitstamp in the same timespan went from average 2k of Bitcoins traded below 10USD to >10k with a price of about 130 USD
.
23.
Post 3061814 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.14h):
Anyone got a graph of declining book volumes and trajectory for Mt Gox?? Or even better volumes versus other exchanges?
The average per day for the year is >50k for gox last 50 days its 20k average. Bitstamps has about 6.5k ave. for the year and 10k last 50 days US market. gox'es trentline ponting down bistamp is on a strong uprend. The regulators doing a good job decentralising the exchanges for the decentralised currency.
24.
Post 3078255 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.15h):
This waiting game is awful. No whale bidwalls to re-assure us; no whale asks to scare us. Nothing. Its just a game of waiting for the first massive market order followed by a wall. Market buys that dont cleanly take us over 150 seem irrelevant to the market right now. So, if the price really does go up, its probably going to have a bid wall on 150, leaving anyone who sold below 150 stuck buying back at a loss if they desire.
And I'd imagine if someone decides its time to go down, we'll have a nice ask on 140, since there is no depth below that.
A 10k sell takes the price to 130.. another 10k? 119... Another? 110. No depth above 120. Its just weird it hasnt filled in at all over these past few days. Murky waters are expected following such huge price changes, but its had time to build.
Anyone have some opinions? Is this just a 125 repeat where just when market sentiment flips, "they" buy, or are "they" done?
Seems like bitcoin is gaining more utility and not just sitting on exchanges.
Seams to be the case. Its midweek, over 8 hours of trading and volume on gox us market is 1k.
25.
Post 3091494 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.15h):
Well lets put it this way would any hostile country's military use a function (SHA-256) provided by the NSA as the agency has locked themselves out? Its a bit like building a house and give everyone a key put not keep one myself.
26.
Post 3095185 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.15h):
Close? What time does Gox close?
6pm.
No, at friday they close at 1300 already because they drink beer in the midday on friday's.
I thought gox was open at this times
27.
Post 3101096 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.15h):
wow. i cant tell if the dog is simply sniffing the elephant's ass, or if the elephant is enjoying the dog putting his nose in strange places.
must be bullish.
Am I the only one that thinks it's a pony??
I think its a goat!
I think you avatar is a Ram, Goat.
28.
Post 3107724 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.15h):
The coalition of the willing will strike Syria causing the prices of commodities to rise. This in turn will affect energy prices which will lead to an increase in BTC prices.
Keep dreaming. Cyprus, Syria, Poland. No increase for bitcoin.
Maybe there is room for improvement in Brazil too, population of about 200 mil, volume last 10 days ~26 BTC
29.
Post 3115500 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.15h):
Why would big players move to Bitstamp? It has about 1/10th the bid depth as Gox. The "big" players cannot cashout without causing major slippage.
I think, most of bitcoin economic active passed through stamps, and so their is more market buys and sells, then bids/ask walls.
this is why the bid/ask depth looks like about 1/10th that of gox, yet volume is well over 1/4 gox
Volume for US market past 10 days average was: Gox 18k stamp 13k so stamp is catching up fast
friends of Gox could be the whale
30.
Post 3144286 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
31.
Post 3214868 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
Whats up with bitstamp banning trading.i286 from using it?
http://trading.i286.org/bitstamp/?item=btc¤cy=usd
32.
Post 3242597 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
Everyone wants Bitcoin to spread so they can sell high after the big jump.
I'm not looking to sell ever. That is my ideal scenario.
33.
Post 3246699 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
Well Bitcoin is moving away from being 90% speculation to what it is designed for. It should also help stabilizing the price.
If this is permanent or just a temporarily spike, time will tell. The price is only a time reference.
34.
Post 3246765 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
35.
Post 3262406 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
Aside from a few people (or one person) puting up ask walls, BitStamp is straight up dead.
We were sleeping, since it was night. Sunday night. What is wrong with you?
Just last week I was able to market sell
BTC500 there with about 0.7% slippage (I mean sell with one click). I think it was a fair deal, since the intention for me was not to make petty money but to realign the portfolio for the purchasing of more silver. For a trade of this size, it worked very fine. The largest volume I have done there in one day was
BTC1,800.
Keep some
BTC, man. You might feel sorry otherwise.
The biggest BTC bull ending up missing the train would be ironic.
He told bitcoin was going to be $100,000 by the end of the year, right?
So what are you doing selling bitcoins!?
To pick the right time to exit from any investment is a lot harder than to enter it. Maybe its a sign of the times.
36.
Post 3262965 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.16h):
what is this big news i missed?
if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week
37.
Post 3315996 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.17h):
Wtf Walsoraj $180 by friday, adamstgBit epic crash in 5... 4....Have the accounts been hacked?
38.
Post 3350743 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.17h):
39.
Post 3354681 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.17h):
Its official no money to leave US after Nov.17
th.
40.
Post 3354836 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.17h):
This is for all accounts or this particular one? Because if it is for all that could mean they are preparing to take some money from people accounts.
yep, does Cyprus ring a bell.
41.
Post 3356691 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.17h):
Mother of god. Any other banks are doing the same?
Look at the bottom of the page:
https://online.1stnb.com/LoginAdv.aspxBetter start asking around to see if the banks you use have any upcoming changes to their international wire policy in the pipeline.
Quote from: Aswan on Today at 11:25:26 AM
Yesterday I got a letter from my bank (German bank) telling me they would reduce the amount I can send from 25000 to 5000. My gf who is at another bank for her limit reduced to 2000 2-3 weeks ago. They they one can manually increase it by calling them but this increase is only a temporary thing then.... idk what to think about it =/
42.
Post 3436321 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
This price rise is clearly sustainable and will continue for the rest of time
You bearish? Somebody give me some bearish analysis. I want to be a bear so bad... I want to see prices in the $130s... Seriously.
Well French government dreaming about taxing internet data to stop NSA from spying. No mention how to implement it, nevertheless they think of ways to archive it. French is one of the most taxed countries in the world. One side effect, no more spam.
43.
Post 3443495 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
Yes, they had an easier time with the ATM then they did with their camera.
Anonymous, a full hand scan?
Whats next a full DNA sample
44.
Post 3443655 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
Yes, they had an easier time with the ATM then they did with their camera.
Anonymous, a full hand scan?
Whats next a full DNA sample
its sooo coooool! can't wait for the one in montreal, i'll come with a briefcase full of dirty fiat!! Muahah Muahahaha
Yeh, cant wait to give my fingerprint to anyone who wants them.
45.
Post 3451586 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
Gox has been completely dead for days. All Stamp (or Coinbase), btcchina.
Stamp now ~86% of 30 day Gox volume (USD).
24 hrs
Gox: 7k volume
Stamp: 18k
Btcchina: 14k
24 hrsGox: 7k volume USD + EUR + JPG + Others
Stamp: 18k its total trade all currenies
Btcchina: 14k 0% fee so pretty much irrelevant, people trade with themselves
46.
Post 3458938 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
btw:
"next, please!"
Hmmm..
47.
Post 3465956 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
If we are getting into the second wave of interest by the public, then I really could see a LTC rally happen. Bitcoin's price is "too high", but there is this litecoin, "which is the same as bitcoin but like silver to gold and will be worth 1/4th of bitcoin because there will be 4x of them and they are only 2.5 USD and if you bought bitcoins at $2.5 you would be rich now".
This +1
We are still very early in the process.
If LTC wants to go anywhere it needs to be in one of the 3 major exchanges, so it can be traded easily.
48.
Post 3477002 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
This IS historic! Poor Karpeles
I would't call him poor his private stash is big enough and MtGox he will sell anyway with a nice profit.
49.
Post 3477458 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.19h):
German Bitcoin.de 165 (it's not just one trade) and Gox 162.5... Any new news from Germany perhaps?
Holy crap, 165
Still way behind my infamous record of 240
(Yes, I had several people buying at that price)
Sorry to disapoint but you come a poor second.
https://bitcointalk.org/index.php?topic=169881.0Yes Satoshi's sold for £50 (80 USD) each
50.
Post 3487285 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.20h):
And so goes the waiting game.
LOL you're the only one awake
You too.
LOL
51.
Post 3493087 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.20h):
so what can stop it from reaching ATH now? we had the expected dump and it recovered already.
Some heavy stuff here:
https://bitcointalk.org/index.php?topic=325642.0
52.
Post 3552677 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.22h):
is there actually a better alternative than Gox for traders who want to trade in euro?
Coinfloor? (when it opens)
Kracken?
Kraken? 24 hour volume 117.32 BTC in Euro and 15.32 BTC in USD
53.
Post 3574483 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.23h):
This shit deserves its own thread!
If you know Bitcoins history this is just one of many steps to come.
Facts: 2009-01-03 18:15:05 Historic moment Genesis block created
2009-01-13 18:20:08 50 coins where mined
2009-01-16 19:18:35 those 50 coins where sent to address 12higDjoCCNXSA95xZMWUdPvXNmkAduhWv
a total of 77,624 BTC where received at this address until 2011-06-04 then cashed out
http://bitcoin-otc.com/viewgpg.php?nick=I}ruidhttp://bitcoin-otc.com/viewratingdetail.php?nick=I}ruid&sign=ANY&type=RECVQuote from: franky1 on October 16, 2013, 02:50:53 AM
|}ruid is Dustin trammell
Dustin D. Trammell
I am both I)ruid and I}ruid. I)ruid is the correct spelling. I use the alternate I}ruid spelling on IRC due to the IRC protocol not allowing the close-parenthesis character ")" to be used in nicknames.
https://bitcointalk.org/index.php?action=profile;u=23696, yes VIP status with a registration date of June 2011
HD Moore, Dustin D. Trammell and Tod Beardsley, all co-founded AHA! (the Austin Hackers Association) many years ago. All three still attend monthly meetings.
AHA is a white had hacker group that is Government friendly (Cahoots) and a hacker against the hacker.
HD Moore: Information security researcher and programmer, Moore developed security software utilities for the United States Department of Defense.
Dustin D. Trammell: Entrepreneur, Security Researcher performing research within the fields of vulnerability exploitation, network protocols, steganography and covert communications, and Internet telephony
Tod Beardsley: Technical Lead for the Metasploit Framework and Metasploit Pro, Founded Austin Hackers Anonymous August 2006
Straight talk a US Government Snitch
Now depending of your view point you could ask is it a surprise that DPR is where he is? Was SR past its use-by date and has served its purpose. To Alternative coins look attractive with 100% knowledge from the start who is behind it and is truly decentralized.
With this known affiliated friendliness to the DOD Bitcoin is tainted to say the leased.
54.
Post 3617277 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.24h):
Something is wrong with Bitstamp 40 min since last trade
55.
Post 3617296 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.24h):
its alive again
edit: Bitstamp lost the plot
56.
Post 3773695 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.30h):
How many would you buy if the price leveled off at 800? How many would you buy today?
Once we move to mBTC this won't matter.
Would you actually say to someone ---> how many would you buy today at $1.2 and how many would you buy if the price leveled off at .80 cents?
No, I doubt you would ask that question.
Is that indented to peg bitcoin to Feathercoin which trades at $ 1.13 at moment. so if bitcoin raises to 1.5 feathercoin should raise too
57.
Post 3855888 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.33h):
Gox leaking market share every day. The last days of an era.
bitstamp 31.010% 45152.250 0.850 USD
mtgox* 30.000% 43688.600 0.871 USD
btce 29.750% 43320.360 0.880 USD
Seems that data is lagging too. Mtgox is less than halve of BTC-e bitcoin volume plus over 1 million litecoins as well
http://www.cryptocoincharts.info/v2/markets/info/
58.
Post 3856837 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.33h):
Gox leaking market share every day. The last days of an era.
bitstamp 31.010% 45152.250 0.850 USD
mtgox* 30.000% 43688.600 0.871 USD
btce 29.750% 43320.360 0.880 USD
Seems that data is lagging too. Mtgox is less than halve of BTC-e bitcoin volume plus over 1 million litecoins as well
http://www.cryptocoincharts.info/v2/markets/info/That includes all BTC pairs .. so not very accurate
That is exactly why it is very accurate because it includes all BTC pairs. Or is a Russian bought bitcoin somehow not a full bitcoin. Must it be bought with USD to be counted?
59.
Post 3857443 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.33h):
Gox leaking market share every day. The last days of an era.
bitstamp 31.010% 45152.250 0.850 USD
mtgox* 30.000% 43688.600 0.871 USD
btce 29.750% 43320.360 0.880 USD
Seems that data is lagging too. Mtgox is less than halve of BTC-e bitcoin volume plus over 1 million litecoins as well
http://www.cryptocoincharts.info/v2/markets/info/That includes all BTC pairs .. so not very accurate
That is exactly why it is very accurate because it includes all BTC pairs. Or is a Russian bought bitcoin somehow not a full bitcoin. Must it be bought with USD to be counted?
No, its not accurate because if I shuffle 10 bitcoins over there, trade 10 bitcoins for cash, buy some LTC and then trade it back to Bitcoin or vice versa each one of those transactions can count for as many pairs there are available (19 in this case) observing that the bitcoin traded simple in the BTC/USD category at a volume of ~30,000 means that 90,000 btc may or may not have been traded and or intermixed with any other pair including BTC/USD
What the trading pair is does not matter, if i pay for my bitcoin with bananas it is still a trade. Same as with any other trading pair. If i choose to buy a bitcoin with a bunch of peercoins it still counts and i still pay the fees.
60.
Post 3869232 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.34h):
And the biggest winners in these bubbles/corrections are... EXCHANGES no higher risks, but probably sky high profits on shit loads of volumes when sheep panic not knowing what to do constantly buying and selling few cents apart.
BTC-e 24h volume
123,142.62 ฿
2,885,674.58 Ł
0.2-0.3 % fee
laughing all the way to the bank
61.
Post 3954959 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.37h):
The way I see it, we go sideways for about 5 weeks.
62.
Post 3980345 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.38h):
It is always shocking to see how easy the price can be manipulated. Without any volume the price went up 50$ in minutes. As the price was at 840$ somebody bought 13 coins for 895$ each and bang there we are now at 884$...
You're looking at the wrong exchange.
The volume on the runup was huge on btcchina. Also: we had just come down through that area, so asks are weak.
Indeed. People keep forgetting we're now working with a lot more exchanges, and how much the volumes have changed:
btcchina 64392.620
mtgox 14323.340
bitstamp 11403.840
btce 11393.550
check out these other two chinese ones which are seldom mentioned:
okcoin 42990.150
fxbtc 21509.410
wow! Those 3 china-based exchanges hav 147,000 BTC volume? That's 10 times gox!
I know, I know... no fees. Maybe time for the Western exchanges to lower fees, too?
What timeframe are those volume numbers?
You forgot the 3rd largest Chinese exchange btctrade
http://www.btctrade.com/BTCTrade has a 24h volume of 23103 and not to forget Okcoin has a 5,799,141 litecoin 24h volume aswell.
63.
Post 3989211 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.38h):
Great 5000 Wall of China eaten
eaten or pulled back? if it is really eaten... prepare for Monday massacre!!! Get your shorts on, time to get rid of the coins while its still at 800...
yes it was eaten a 4000 BTC is already dumped and it is continuing
Are you positive??
I'm not sure but I thought I saw it get pulled back on BitcoinWisdom..
Can someone confirm?
Eaten a handful the pulled
64.
Post 3989705 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.38h):
Seems a fake news flash, i will ask my friend to tell exactly whats it all about in an hour or so when i meet her
65.
Post 3990581 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.39h):
you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..
So what would this mean? No more chinese investors?
Is that worse case scenario?
Because I don't think that's such a horrible thing. Always seemed short lived to me.
If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.
Thats what btcchina has been pushing all along to get all chinese exchanges fully licensed. It just means of the 10 Chinese exchanges i know of only about 3 or 4 will remain so it works in btcchinas favor as its more business for them and also gives them a legal certainty.
66.
Post 3990661 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.39h):
Also btcchina stopping 0% fee and charge a 0.3% again.
67.
Post 3990929 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.39h):
Can we have a source for the 0.3%?
You just need to lock in its right there.
Chinese market seems to have stabalisted now at ~780 mark
68.
Post 4010295 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.40h):
So we have been dump and dumped by China.
They "dump" out tons of false news that causes the price to drop big time and then swoop up the cheap BTC. . .
69.
Post 4011083 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.40h):
Just got back...
OK SO..what? the whole China news thing was completely fake and we just lost 10-15% on nothing??
I have yet to see anything in any of the big Chinese news outlets Xinhua, People's Daily or China Daily. Until you see it in one of them it should be treated as unconfirmed.
70.
Post 4030527 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.42h):
How accurate is fiatleak.com ? Just had it running for 20min and out of the 2931 btc 2579 went to CNY ? wtf, and its middle of the night
71.
Post 4040440 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.43h):
I just discovered Kraken.. I'm surprised more people aren't using them. They have a bunch of advanced features, including stop loss.
Kraken is probably the most advanced exchange of all. They have the licencing sorted, great interface to work with, advanced features in place, deposits and withdrawals are working (using german bank fidor) and volume picking up too especial EUR/LTC. Right now they struggle with all the new users! San Francisco based
72.
Post 4040621 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.43h):
On a side note , i'm noticing LTC is now stagnating around 17-18 despite current rally.
Charlie Lee,founder of ltc whose brother Bobby Lee is owner of btcchina; My guess: he is slowly dumping his ltc cause its likely worse than it seems in china..
LTC is hopeless. If China was responsible for 50% of the Bitcoin rally, than it was responsible for 90% of the Litecoin rally
Well BTC-e had a 24h volume of 4,861,136 LTC/USD traded not counting LTC/EUR or other currency's or other exchanges Almost 5 mil its only 6% of the market in your view. 0.2-03% trading fee on BTC-e so the are making a killing on lites
73.
Post 4047783 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.43h):
what the hell is with BTCChina volume? totally totally dead while gox pushed up to 716 there
There simply aren't many coins left at the exchange. A great deal of the volume there where day-traders from around the globe which have moved the coins out, once the introduced the 0.3% trading fee again. Why would anyone trade on gox and pay 0.5% per trade (or other exchanges) when there was no fee on chinese exchanges. That came to a hold and so is the volume. Locals sold the coins long before the news hit the rest of the world. The other thing is that most of the coins where on the exchanges and very few in cold storage or paper wallets.
74.
Post 4048873 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.43h):
75.
Post 4061700 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.44h):
What sparked this dump? News from China?
the well known weekend dump
76.
Post 4079431 (copy this link) (by manfred) (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.
Yeh wait for Kittycoin she will sort him out
https://bitcointalk.org/index.php?topic=379700.0
Knockout..
77.
Post 4103166 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.45h):
mt.gox 6 hour chart.
Double Pennant...
First one broke out downward but this second one we are in, is it going to go up or down?
Looking at BitcoinWisdom now (5:55 am CST) there is still no break out but the point is increasing in sharpness. Which way is going to happen up or down?
---------------->
Thats where it's gonna go
78.
Post 4137364 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.46h):
* macsga sells his
BTCs for MUCH wealth in dogecoin.
WTF? 15k readers on reddit? Same as Litecoin?
Much success
Such wow
Very coins...
BARF!In times ahead be careful clicking on doge links, hackers know where there is a large collection of noobs and easy prey
Wow much such value 1 doge for 1 dollar (or is it exchange 1 doggy for another one)
http://www.burnerbrothers.com/buydogecoin/ give you an idea of the state of affairs
Yeh you can pay with credit card so some fees on top, heck the deal of a lifetime what are u waiting for
79.
Post 4138943 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.46h):
Well shit.. LTC took a blast this morning.
This lines up perfectly with the downward trend line! This "blast off" happened with BTC already and it touched the top of its trendline, but it has yet to happen with LTC until now. The one day EMA crossover has confirmed a downtrend in both BTC and LTC...but they were both oversold until now.
I have just sold off some LTC
Merry Christmas everyone!
So you are saying bitcoin is overbought, i say its a trend reversal
Merry Christmas everyone!
80.
Post 4139289 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.46h):
Use logscale, idiot
That's the Christmas sprite we like to see, ho,ho,ho
81.
Post 4166632 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.47h):
So let me get this straight the raided because some Rs20-30 rupees where traded. One bitcoin currently costs Rs 46600
82.
Post 4171501 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.47h):
is the volume at huobi for real?
its so high!
no
Can't see shit on huobi!
Huobi is the only Chinese exchange where u still can deposit money via bank transfer from China Merchants Bank and China Construction Bank both are Gov. owned, also still zero fees trading or deposit.
Apparently CEO is son of a politician, if true it explains the situation
83.
Post 4176621 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.47h):
they all have different fees.
I really hope Kraken dont screw me over
Kraken is a relative new exchange based in San Francisco and using the bitcoin friendly german bank Fidor
84.
Post 4184848 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.47h):
85.
Post 4204814 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.48h):
In times ahaid clicking on doge links could get you in all sorts of trouble because of all sorts of phishing and hacks. Large gathering of noobs and easy pray for hackers. Just have a look at the type of people to deal with.
Such value 1 doge for 1 dollar (or is it exchange one doggy for another)
http://www.burnerbrothers.com/buydogecoin/
86.
Post 4353520 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.52h):
87.
Post 4387742 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.53h):
Widening gap mean what , we go up or down
The gap means that having 1.00 USD in a MtGox account is as good as having ~0.85 USD in a Bitstamp or other exchange's account. The widening means that the "Gox dollar" is losing value.
Is there a way to trade on the difference between the two. Thanks from the "new guy"
Yes if you reside in Japan or have Japan Bank account
88.
Post 4419222 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.54h):
Why is nothing happening? Overstock not enough to take us back to >1000? WTF?
Fiat must hit the exchanges first, so give it some time.
89.
Post 4448912 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.54h):
That guy who paid 8k CNY for a coin is my hero, also chinese who sold it to him
On bitcoin.de you have someone who paid about 1900 usd for a bitcoin. Even crazier.
There are stupid people who paid the value of 1 BTC for 0.1 BTC on eBay. That's nothing special. Only foolish.
That was actually $75 dollar for 1 Satoshi
http://www.bitcoinrumors.com/2013/04/08/worlds-most-expensive-bitcoin-ever-sold-in-history-50-for-1-bitcoin-satoshi/Meanwhile in the Doggy world its common practice every day to pay 1 Dollar for 1 Doge
http://www.burnerbrothers.com/buydogecoin/In comparison you are silly and pay $1000 for 1 Bitcoin
Our costumers love us!
Yes the brother know how to take someone for a ride
90.
Post 4510194 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.55h):
Have you guys seen this already. Wounder when it will launch?
http://www.youtube.com/watch?v=vvwe9nGVkxQ
91.
Post 4545028 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
Cant see what the fuss is about 31 jan in China. BTCChina published a noticed on the 8th and its all positive no mention off winding down operation anytime soon.
https://bitcointalk.org/index.php?topic=404921.msg4385603#msg4385603I cant not see any reminder to withdraw CNY out before 31st
92.
Post 4545336 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
Looks like there are some rumours abound in China atm, Huobi is acting really twitchy.
Huobi is't the twitchy one here
93.
Post 4550059 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
WTF is going on? Such low volume on gox?
Low volume everywhere
94.
Post 4555106 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
Thank you for this confirmed bad news. I invite you to post it in
this thread here so to keep all the confirmed bad news in one places, so that people can easily see just how bad things have gotten and are getting. With this new news, I expect we'll begin setting new 2014 lows, and will continue to do it on a monthly basis, at least.
Cant see the bad news with these, the coins wont see an exchange is just a straight buy so does not affect price
95.
Post 4567726 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
There are some serious desperate people around chasing cheap coins
rpietila (missing in action)
fr33d0miz3r
proudhon
humanitee
ElectricMucus
Tera
DustyRah
...........which ever other account has been created in order to answer the own post
How long will the have to wait the get those cheap coins?
96.
Post 4583214 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
what the fuck, how can doge keep going...
and nxt is up alot aswell
wow
Because the lag is so insane no-one knows the price anymore and noobs buying blindly.
Nxt was up 130% at one stage??
97.
Post 4583573 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
u guys think theres money to be made in nxt and doge?? thinkin about puttin a small amount in it
Thats form dogecoin foundation
http://foundation.dogecoin.com/about
Nxt is a scam, if you want Proof of Stake (PoS) you could have proven your stake for the last few hundred years at the stockmarket.
98.
Post 4583938 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.56h):
sure, they might be scams but if they rise 50-100% in 1 day, there ARE money to be made
ultimately its to increase my btc stash.
Feel free to sent some cash to some Belarusian programmers
May have a look here too first
https://bitcointalk.org/index.php?topic=381038.0
99.
Post 4608548 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.57h):
Talking about quick and easy
http://www.expresscoin.com/
100.
Post 4704388 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.58h):
What is going on in the world?
Has bitcoins spirit and purpose been lost and gambles taken over
101.
Post 4704754 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_11.58h):
What is going on in the world?
Has bitcoins spirit and purpose been lost and gambles taken over
People have simply discovered it's fun to purchase/use some BTC and start gambling in the altcoins. What's wrong with that? Don't you have any gambling spirit in you? You must have or you wouldn't be here.
The question is who is buying that rubbish and for what purpose. Is this JP Morgans and there brothers attempt to discredit quality coins and push all sorts of rubbish to new heights.
http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/
102.
Post 4818753 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.00h):
so i wonder how the NYC hearing will go today.
i hope its a bit more exciting than yesterday.....have we got any power speakers attending today? whoever it is cannot be as bad as the winkleys yesterday..especially compared to President Wilson - he is my new BTC hero.
Yes there are power speakers attending today:
Panel 1 (10:00am 11:00am) Law Enforcement and Virtual Currencies
Cyrus R. Vance, Jr District Attorney of New York County
Richard B. Zabel Deputy U.S. Attorney for the Southern District of New York
maybe they manage to be as bad as the winkleys
103.
Post 4838689 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.01h):
So with hours to go before the ban, BCTChina added direct bank transfers as funding and withdrawal options again. The last few weeks they only hat the voucher system operating.
.
https://twitter.com/emilyspaven/status/428823936281767936Its available since yesterday, you have to log in to see for yourself
http://www.coindesk.com/btc-china-accepting-bank-deposits/
104.
Post 4838873 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.01h):
the question is:
Will the Chinese dump all their money into the market before its illegal or will they pump out all their money that is left.
Question of if its going to a big rise or a big fall.
Their volume hasn't increased since yesterday, I'd stay at Huobi if I was Chinese. I really wish I could trade at Huobi
As Lee explains in the coinbase article its the chinese new year and interest is low so he has a promotion going until 15th February
105.
Post 4842825 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.01h):
WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
New money want hit the exchange for another couple of days
106.
Post 4844859 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.01h):
So if BTC-China is now accepting deposits, are we still in the train station because it's the middle of the night in China?
It's the Chinese new year and not much happens until 10th February (businesses closed....)
107.
Post 4873426 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.02h):
Thanks! But I still do not understand BTC-China's reward scheme...
Market makerMaker Taker -> You generate the volume you are awarded the reward
108.
Post 4917525 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.02h):
BTC-e is a Cyprus Registered Company with severs located in Bulgaria
So Cyprus jurisdiction
109.
Post 4920483 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.02h):
BTC-E right now:
503 Service Temporarily Unavailable
Looks like they are swamped and Cloudflare does not handle it gracefully...
working for me but only 4100 users online (4 green candles in a row for BTC/RUR)
edit: 6000 users now online
110.
Post 5006210 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.04h):
I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.
and not only gox, you've got the Second market CEO announcing a buy/sell offers for a min of 25BTC, is it a last cry to save the price from tanking which can result in a huge loss for their earlier purchased bitcoins ? or is it a try to Buy even more bitcoins at these prices without going through exchanges to not bring the price back up, both are valid scenarios to consider at the moment but which one is closer to what is really happening.
but in general there is allot of things happening around Bitcoin the last month or so, it is like the last ground cleaning before something! I recall the senate a month ago talking to bloomberg about announcing/issuing (to be more accurate) a statement about bitcoin in the next couple of month (maybe this month), so I am really curious about what will it be and if all the action of arresting and FINCEN issuing more documents about bitcoin and the New York hearing and the invitation from Council on Foreign Relations to Gavin Andresen and many other things that I maybe forgot to mention, are just to complete or to prepare for a big thing that will be in the next few months...
allot of things happening and I have no Idea of what to assume...
Secondmarket does not buy/sell bitcoins, they just let ppl trade among themselves.
Its a first step to become a real exchange. I cant wait for a real exchange to be developed now. BTC-E is just as bad as mtGox btw. Check serviceDiscussion forums and you will see.
We dont have a legit exchange right now.
Well there are lots Bitstamp and Kraken to start with
111.
Post 5039796 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.05h):
@fonzie
I know the weather in the UK is depressing but seriously this is not much of a life. Spending day in day out every day and night in speculation corner and waiting so desperately for the cheap coins which well never come.
112.
Post 5041068 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.05h):
@aminorex
There are exchanges and I use them. But they all feel at least somewhat dubious right now, at least if you are a US citizen.
1. Bitstamp....very good reputation, but there are few who feel really good about a bank in Slovenia.
. US banks are reluctant to send there, but it has become easier. I did it, but I have been very nervous each day I left any balance there. Bank could collapse, fraud on wallets without anyone to guarantee my money/balances.
2. btc-e, huobi. I can't use it since it's in China (at least I can't convert to USD), and I would never trust any company in China presently. Huobi has already been shown to be faking data as well.
3. Coinbase isn't an exchange but comes close. However, really poor customer service, poor customer experience unless you are doing very small volumes and they seem to be hedging customer transactions. I had 12 out of 15 transactions canceled, most at the last minute after a week of waiting, with a paper loss of around 12K. I just don't trust them right now anymore and stopped using them. I also know their engineering on the backend to be highly suspect; maybe that is improving. But MongoDB, seriously??? A transactional, financial system on a schemaless database.
4. CampxBx has lost their bank for now.
5. Gox....don't need to say anything here
6. Waiting to see what CoinMKT can do.
7. SecondMarket feels the most sane/robust to me, but they are just beginning.
8.. Localbitcoins.... given recent news I would rate this as highly suspect
I'm hoping for US folks that a US bank or exchange creates a bitcoin layer on top of their existing infra. At some point they will realize they can't fight the positive of standardized crypto, and I expect to see them buy a company or make their own btc bank/exchange, or partner. Coinbase is unlikely to get bought out I expect due to the poor engineering and customer experience.
Why not use the fully compliant San Francisco based exchange Kraken?
113.
Post 5043840 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.05h):
Put your money where your mouth is.
Is that for me?
My mouth says that bitcoin may crash to zero without warning; and, while it is fun playing the prophet, there is no way to assign probabilities to any predictions, not even to "it will crash to zero tomorrow" or "one day it will be worth more than 1000 US$".
So my money is indeed where my mouth is -- well away from bitcoin...
For Bitcoin to crash to zero a fundamental flaw in the code would have to be found or SHA-2 broken. For the later there are backup coins with Scrypt or SHA-3. Only other way, if confirmed over-unity is archived, which would make Gold worthless too.
All are extremely unlikely.
Edit; It may crash to zero in a few hundred years time
114.
Post 5062497 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.06h):
btc-e litecoin deposits work ok
115.
Post 5116745 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.07h):
steps 1,2,3,-- 3,2,1
step 1 sees quick rise to about 900 than sideways for a month or so than rise to 1200 or so sideways again then on to new ath
116.
Post 5226744 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.12h):
Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?
117.
Post 5344768 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.18h):
Anyone else having problems with BTC-e deposits? I have 3 deposits of 65 BTC combines with 12 and 13 confirmations and still not credited to my account.
The first one about 1 hour ago worked fine, my second one is nowhere to be seen.
118.
Post 5406464 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.21h):
Hi- just a thought... If Bitcoin has a year or two, then whatever is going to replace it, then it must already be around right now.... so which coin is it? and what does it do that is going to make it out compete Bitcoin in your opinion?
I tend to think that The digital currency hasn't been created yet. I'm still waiting for a team with proper funding and experience to enter this field. The potential is too big for single hobbyists.
I was wondering if you would say that...so in a year, or two a currency that does not even exist yet, is going to be created, launched, mined, gain popularity and out-trade Bitcoin in the next 52 to 104 weeks, a coin that literally does not exist now.. interesting thought...
What will it do that will make it able to grow this fast and this well that any coins cannot do at present? and even if it is a great coin, can you explain how you think it will grow the network in such a rapid time?
Well
this is number 4 on coinmarketcap right now.
119.
Post 5432535 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.22h):
I have told about the needed features countless times already, but I'll repeat myself again, what I see that needs fixing but isn't adressed with bitcoin: a) Speed of increasing wealth concentration b) Deflationary system that prohibits price stability c) Inefficiency of mining where new resources are spent while the network doesn't gain in speed or security.
I recommend many of the Alt coins that address your concerns specifically, if they truly are better, you'll make a killing.
which altcoin isnt scrypt?
Maxcoin SHA-3
120.
Post 5447102 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.22h):
These
is was the MtGox Business Plan for 2014-2017, prepared by Mt. Gox and its representatives in late January.
http://www.scribd.com/doc/209535200/Business-Plan-MtGox-2014-2017#download
121.
Post 5480721 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.23h):
The UNIQUE porn we are allowedto post here is the one related to this latin lover:
Did you know that years ago he was convicted in France for fraud and received a 3 months suspended sentence (criminal record to be erased after 5 years)
122.
Post 5501136 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.23h):
Is it just me, or are the chinese going mental this morning (in Europe)? Any chinese-specific news except for ltc on btcchina?
It only a matter of time now before Litecoin is on Houbi as well.
Also this:
HKCEx build Bitcoin ATM machine network in Hong Kong
After obtaining seed funding from local investors $ 2,000,000, HKCEx announced a 10-bit platform ATM machine network. Each machine will allow users to purchase online and off five basic encryption currencies, including bitcoin, Litecoin, Namecoin, Novacoin, Peercoin, can be converted into Hong Kong dollars or U.S. dollars to cash.
Registered users will also be able to complement its HKCEx cash account, accessible trading, freedom to cash, get cash or to be converted into digital currency.
HKCEx plans to install ATMs in Hong Kong 10 largest shopping and financial center, the Hong Kong Trade Centre, Miramar Shopping Centre, Langham Place, Prince's Building, and so on. In addition, in order to meet the growing demand for Bitcoin market in 2014 increased by at least 20 HKCE bitcoin ATMs in Hong Kong.
HKCEx Chairman and CEO Pheng Cheah pointed out that the absence of middlemen involved in the case, traders and other encrypted bitcoin currency exchange itself eventually deal involved brokers typically spend 20% service charge transactions. When customers use our ATMs, we are doing a lot of work for our clients with quality, safety and comfort of high quality services.
They also pointed out that, HKCEx ATMs are not just a vending machine, but equipped trader trading platform. Each ATM will be equipped with all the latest new technologies, such as QR scanners, two-factor authentication and key-based chips can be charged by ordinary post.
In addition, to meet the needs of local traders, HKCEx been cooperating with several Chinese banks. However, there has not been any sign of ATM machines installed in the Mainland. To complete the task, HKCEx top management needs to understand about Chinese state banks bitcoin. In China it is possible to reach an agreement on the trade of virtual currency.
123.
Post 5503809 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.23h):
Now this is what I call a good ltc day... thanks to Goat who wrote down in other topic he is buying ltc again so I manage to turn 30 btc to ltc at around 0.022
Now huobi will probably add ltc within a week.
Huobi is certain to add LTC and also Coinbase......
This is just the warm up phase
124.
Post 5719049 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.27h):
they actually lost coins?? loaded and risto? a large percentage?
Yes they lost coins, so they said. Do not know how much. I imagine Loaded is still loaded and Risto apparently just bought a big house he likes to call a castle, so they both seem to be chugging along OK.
Dont know about loaded, but Risto lost some small change (
BTC 250) by the looks of things when gox went down.
https://bitcointalk.org/index.php?topic=178336.msg5355884#msg5355884somewhere else he mentioned that he lost
BTC 400....
125.
Post 5749539 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.27h):
It's just like in Bitcoin's early days, when people could tip 10BTC for an interesting post here
....
Maybe bitcoin should move to the satoshi.. in order that people can feel like they are tipping big..... and say... I liked you so much, I just tipped you 1,036,000 satoshi.
Tipping is akin to this:
http://www.youtube.com/watch?v=mHPlnMwgA_gMit Geld spielt man nicht
Translated: Serious Money is not something to play around with.
126.
Post 5878075 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.28h):
Have the bears a terrible hangover?
127.
Post 5891247 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.29h):
Anyone know what Karpalese is up to?
Maybe he's starting his own TV show? I wonder what he's doing with my bitcoins.
He is enjoying a well earned break and dont worry your bitcoins are taken care off.
128.
Post 5954860 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.30h):
Guys bad news from China.
http://www.guogao.com/trade/GGC/Is this the first cryptocurrency exchange not trading Bitcoin. At least the have Monkeycoin so not all is lost.
129.
Post 6007693 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.31h):
I actually believe fonzie is a pretty bright fellow
I think he's a permabull in a bear suit who also tend to love to troll people
2 out of 3 assumptions are correct.
and both are in the same line
130.
Post 6396622 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.40h):
One has to feel sorry for the Chinese getting shafted by the own Government and missing out on $ 5000 per bitcoin in a few months time.
131.
Post 6434984 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.41h):
Just proves bitcoin works and it does what it is meant to do.
132.
Post 6470310 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.41h):
perfect moment to release it as always
There isn't any news this is a exact copy of announcements made by other banks a few days ago. This announcemend will come from every single bank in china. Houbi is not affected with this as it deals with a bank which was one of the first to release these announcement. they already moved on and now funding works similar to localbitcoin style. You can refund from trusted uses they list on there side. Both Huobi and Okcoin are in the process of moving out of mainland, expanding and set up English sides as well.
This cat and mouse game will go on for ever, PBOC is in a now win situation as long as there is internet and miners. They are doing there uttermost to contain the price. Its better to contain the price than being chased down the street by an angry mob of speculative investors with pitchforks when price rally's. They will go to any length trying to stop it from happening. The longer the price stays where it is or falls the more breathing space they get and the hope that it cools down and fades away.
133.
Post 6480290 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.41h):
The length of the candle shows how much the price has changed in the timeframe the volume has nothing to do with it
134.
Post 6498029 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.42h):
lol
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
Be glorious, our free,
Age-old union of brotherly peoples,
Ancestor given wisdom of the people!
Glorious, country! We are proud of you!
135.
Post 6811432 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.45h):
All my computing life I have been taught and taught students how to compute things in the most efficient way. It turns my stomach seeing that much computing power (and electrical power) wasted.
same but then our entire economy is very wasteful
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-dieI'm sure eventually we'll switch to a better crypto system or energy sources like thorium.
I am still trying to figure out what Jorge is up to. Not getting anywhere. He should know how the system works than again at times he is very naive, or is it on purpose just to troll. How many tonnes of dirt (mountains) are moved to get x amount of Gold only to bury most of it again 7 stories underground and spend x amount afterwards to secure it.
Is he only sceptical of bitcoin or is he of the opinion that the entire crypto world disappears into nothingness?
136.
Post 6863686 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.45h):
Never heard of it but its in Hong Kong and lists in pounds for me, does it detect your local currency ?
Currently in Barcelona and lists pounds too
137.
Post 6956370 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.47h):
Very unexpected turn of events @DRK coin
Literally no one saw that coming.
Anyone care to explain in a nutshell so I don't have to go and look it up?
Still, this is a serious issue right now. been on the correct blockchain all this time, and now I seem to be off. So we're still splitting up, which means the exchanges could be all off as well, which means we can't know if any of the trading, etc... is valid until we get the blockchain to settle.
Emergency hardfork tomorrow
138.
Post 7002515 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
Bit of topic, but as far as i am aware Litecoin settled on this:
| Amount | Code | Name |
| 0.00000001 (10-8) | | (litecent, lee, liteoshi or whatever the community calls it) |
| 0.000001 (10-6) | XLT | lite |
| 0.001 (10-3) | kXLT | klite |
| 1 | LTC | litecoin |
139.
Post 7012861 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
140.
Post 7031782 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
I think Pump #2 is going to be of epic proportions. It will probably be one of the crypto stories thrown around for months (years) to come.
How can it get more epic than the early pumps of any coins where 1 BTC can turn into a 100? Unless of course you think its going to pass BTC
Anyway I wait with baited breath to see what the Finex stuff turns out to be.
Its just a pump nothing else. Anyone checking the source of this rumour can see it. Well Jesus coin (XC) did have a nice pump to the other day Market cap of over 13 mil now 5
141.
Post 7032903 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
Its just a pump nothing else. Anyone checking the source of this rumour can see it. Well Jesus coin (XC) did have a nice pump to the other day Market cap of over 13 mil now 5
What do you mean checking the source? The source is its listed on finex under performance summary, thats true i can see it on my account. The fact its probably just a pump still remains.
Nothing shows on my account. Seems it was a marketing gag to get some action happening on Bitfinex. It worked
142.
Post 7035241 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
I'm waiting 540 to buy back.
143.
Post 7036589 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
Wow 610$ on Bitstamp this is going up nicely, reaching new 30day and 60day highs
700$ doesn't seem far away
666 will be the compulsory boxen stop
144.
Post 7044543 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
Drk - it will be a hot summer.
Dont get over extented, lets look at some facts:
Its a completely centralized coin. Less than a 1000 addresses hold 90% of all coins. How many coins the instaminers have each has is anyone's guess
The coin right now after the emergency intervention survives on live-support and its uncertain if it recovers completely or if the same will happen in a years time or so again.
Right now there is zero market for it as not even the dark market has any use for it.
Better anonymous coins exist and its not the first as fraudulently claimed.
As its ASICs resistant it leaves no room for growth in the hardware sector as the dev claimed he will do anything to keep those money hungry large companies out of his coin
Regulation regarding cryptocoins will come is a matter of when, not if. A coin with its main purpose of financial terrorism is hardly going places.
China not even allowing something humorous like Dogecoin to be used. How will the act once they know about the Darkside.
No legit merchant will accept or can accept it.
About a half a dozen fan boys spamming various threats on the bitcoin forum all day long and then accuse long term senior members of trolling.
145.
Post 7060019 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
If he has more coins ready and is smart he should stop putting up walls for a little while and slowly put them back again on the way up.
If he keeps adding these walls it might actually stop us from going up for a while and he will be forced to market sell or put a new wall up way lower.
Maybe that is what he is doing. He just happens to have
a LOT of coins to sell.
PS: I'm also struggling to make sense of the wall movements today. The seller seem genuinely interested in selling a chunk at this price level. If he wanted to bring the price down he would have dumped. It would have been easy for him to do when we were below $590 imo, but he waited until we were well above $600, and until the bullish sentiment had returned. When/if he removes the walls everything will be ready and primed to go higher (BTC-e is the only major exchange that is behind). This is the best I can come up with
He dont care what the price is today he is selling because of the date.
146.
Post 7060292 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.48h):
He needs the fiat, new month new bills
147.
Post 7210764 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.51h):
148.
Post 7273582 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.52h):
Morning everyone! Just checked the prices for the first time today, and noticed the little slippage in the pricing...has any big news come out today or just market correction?
Just more of the same, Chinese fud
http://finance.caixin.com/2014-06-12/100689938.html
149.
Post 7325106 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.53h):
Guys I have some bad news for short term speculators. I just got back from the future in my time machine and I managed to take a screenshot of 'wisdom.
Would't it be better if woman stayed on Venus
150.
Post 7369411 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.53h):
Evidence... not supporting... chosen hypothesis... must... ignore...
Suit yourself... meanwhile I have diversified to reduce risk: half of my investment in cryptocoins is now in Bitcoin, half in Monero, and half in Dogecoin.
I always have 3 half's too after a long night out
151.
Post 7412154 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.54h):
so if the SR coins don't touch the exchanges, they won't affect the price? or if the selling price is made public in the news, will that become new selling price?
If it does not touch the exchanges, it won't have any more influence on the price than your typical 'x company accepts bitcoin' news story.
That kind of sale will influence the price, not touching any exchange does not matter.
152.
Post 7455400 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.54h):
So you traded 150 BTC and you don't own any. You're doing something really really wrong.
I could own 15 BTC right now. That is all I could have ever owned since weeks and actually less than that had I chose to hold in the upper $600s. That is the extent of the fiat whcih I am holding on the exchanges for now. But guess what? I don't want to own any Bitcoins right now. Bitcoins for me is zero sum game much like poker. I jumped onboard just in time to catch the last 40% of the bull-run, made a pile of money, and have since found that trading a corrective bear market is a whole lot trickier than an impulsive bull market, especially when the only way to short is on dodgy exchanges like Bitfinex where your arse will be farmed if the market trend allows for it. You are talking about the next bubble like it's a foregone conclusion whereas I am looking at a long term support that has been tested far too frequently of late that is currently hovering just $40 below spot.
You can short BTC / LTC on Plus500
http://www.plus500.co.uk/Instruments/BTCUSD
153.
Post 7514544 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.55h):
154.
Post 7548535 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.55h):
Is there something astrological that explains why people here are being so angry of recent?
Nothing astrological, people are just fed up with the endless supply of PoS coins scamming people
At the end they will dilute down into nothingness PoS has a serious bug: Proof that the coins will keep pooping up until all PoS coins are worth exactly as much as at the beginning.
https://bitcointalk.org/index.php?topic=667594.40;topicseen
155.
Post 7570327 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.56h):
SOS
Respectable master(node) owner urgently looking for loyal hard-working servant (village idiot) to regularly buy the endless produced Darkcoins from the masernode payments. No wips have ever been used on slaves, only prober rude treatment to let em know who is the master.
To not hesitate to buy lots so that said master can upgrade to more notes as a single node operator is like solo mining and the others with 50 or more notes sit in a massive pool and scoop of the cream on the top
Also needed old fashioned miners. I know back in the instamine days the reward for miners was 100% payout for the 500 block reward, now you still get a respectable 80% of the left over scrap 5 block reward
Move quickly limited chances to get the closed source anonymous coin for payments made on your
spyiphone
We have even better choices...
So many masters, hard to find loyal quality servants
156.
Post 7587006 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.56h):
Who is this guy anyway? I can't imagine he's serious with a statement like that...
.........
Look, you can market buy 3000 coins right now on Bitfinex with a top price of $632. Remind me again why someone would pay $1800 for a single lot? Yeah, that doesn't sound like a nutter/cultist at all....
lol would you sent that kind of money (any money) to this address:
Room 1601, 16th Floor, The Sun's Group Centre, 200 Gloucester Rd, Hong KongIts the virtual office address for Bitfinex. To my knowledge it is run from some garage somewhere in France and its doggy as
Seems as the world is ready for the next goxing
157.
Post 7652341 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.57h):
I am fine with another plateau phase, followed by a big-ass bubble
That's indeed the best way to accumulate more bitcoins.
It may continue like this for more than a year (which is perfectly fine).
Bubbling times are over, steady grow from here only with minor outbreaks
158.
Post 7719037 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.57h):
I have yet to see a license form bitfinex are they next?
159.
Post 7719092 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.57h):
I have yet to see a license form bitfinex are the next?
since when are bitfinex domiciled in France?
Where else?
160.
Post 7719331 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.57h):
I have yet to see a license form bitfinex are the next?
since when are bitfinex domiciled in France?
Yes, i'm curious too ...
By the way:
https://who.is/whois/bitfinex.comAnd if you wonder about iFinex:
iFinex Inc's address:
room 1601, 16th Floor, The Suns Group Centre, 200 Gloucester Road, Hong Kong
EDIT: In case the address field (from the bank form) is too long for the whole address, use this shortened version:
room 1601, The Sun Group Centre, 200 Gloucester Road
Hong Kong
lol, its a virtual office address, same as all the other hong kong exchanges which run away (GBL, 796, mycoin, ANX.....), basically if you deal with a hong kong registered exchange you deserve to get goxed
https://bitcointalk.org/index.php?topic=178336.msg7587006#msg7587006Raphael, giancarlo look genuine hong kong names. Until proven otherwise bitfinex is operated out of a garage in southern France (Nice) next to the Italian border
Room 1601, 16th Floor, The Sun's Group Centre, 200 Gloucester Rd, Hong Kong (hello wakey, wakey)
161.
Post 7720314 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.57h):
Jorge, as you are so sceptical about
real honest money (Bitcoin) whats your take on the scam PoS coins then?
162.
Post 7846322 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.58h):
I doubt they have internet and enought computers there.
Google will put up a blimp for them, and solar power is excellent.
Actually, if you put up a thin-film farm, it would be a great venue for low-cost mining.
Its already been claimed in Feb. 12, 2011 by Sheikh Andrew S. Edwards of Louisville
http://www.prlog.org/11294860-emirate-of-bir-tawil-is-formed.html
163.
Post 7896705 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.59h):
The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc. There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.
When he started getting laughed at, he made his own subreddit, and moved there. The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.
I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.
If he said July 24th, how come the prediction was wrong?
Because Christine Lagarde said it would be the 20th or 27th
https://www.youtube.com/watch?v=QYmViPTndxwMalaysian Airlines flight MH17, Boeing 777 gets shot down on the 17.7 and then you have this wicked speech from earlier of the year from Christine Lagarde, managing director of IMF
164.
Post 7906256 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_12.59h):
What's with that glitch on Huobi displayed by bitcoinwisdom? Volatility with very little volume?
Seems a glitch with bitcoinwisdom. There have been several of them on cryptsy for dogecoin
https://bitcoinwisdom.com/markets/cryptsy/dogebtc Rest assured dogecoin was not anywhere near
78 512 or 12 satoshi recently
165.
Post 8008270 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.00h):
lol DAFUQ is happening?
The Chinese started dumping and no-one knows why.
166.
Post 8009410 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.00h):
So is Okcoin live now with USD trading and 0 % fee?
https://www.okcoin.com/market.do?symbol=0Edit: no its not is 0.2-0.1% a trade
167.
Post 8024098 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.00h):
Finally 7777th page, where is Ron Paul?
It's happening!
came across this the other day:
https://bitcointalk.org/index.php?topic=705604.0
168.
Post 8041312 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.00h):
So does the fact that our ATH has been a bit delayed mean that when we finally do have the next bubble it will be even bigger than we even expected or dreamed!? Perhaps this is a good thing in the long run? I am just trying to console myself with this thought.
Maybe this waiting process is just . . .
There wont be another giant bubble. There will be steady rise with the occasional outbreak. People will start to unterstand the Bitcoin thing for what it is, a intangible good, the same as your shoe as a tangible good, which cost x amount to make plus margins and profits and everything else to go with a product. If the profit mining it is very big others will join. Proof of work is what it says it is, a proof that x amount of work has been done which can be sent to anywhere in the world for little cost. When you paint a house you can proof the work has been done, but you will find it hard to exchange it with some one on the other side of the globe.
169.
Post 8101870 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.01h):
There appeared to be no evidence of Fowl play involved.
But Owl let you know if I hear anything more.
Wow *claps hands* Well played, I gotta say
Oh and FYI.. don't do a reverse image search of his avatar, there are even more horrifying creatures awaiting you!
like
the bear at work now
170.
Post 8123993 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.02h):
no dumptards in china?
Not many at this hour... I would guess that there won't be much action for the next 5 hours, unless it comes from the West.
Did the nice little train today originate on Stamp, Finex or was it really China that started the choo choo?
China
171.
Post 8124167 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.02h):
no dumptards in china?
Not many at this hour... I would guess that there won't be much action for the next 5 hours, unless it comes from the West.
Did the nice little train today originate on Stamp, Finex or was it really China that started the choo choo?
China
It seems the west is taking over.
?
172.
Post 8149399 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.02h):
Once upon a time somebody had a version of this image modified for Bitcoin, but I can't find it and I'm too lazy to make one myself:
Stability is boring.
173.
Post 8384614 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.05h):
Investing in Bitcoin later when the price bottoms or investing it in gold for the long term scenario that I think will happen (war, total collapse...).
Right now silver seems cheap as sh*t to me, and that's what you can go buy groceries with in SHTF
What is SHTF?
Shit Hits The Fan
You think you can still buy groceries when shit hits the fan?
you can get them for free if you are a bad ass with a better gun than the groceries store owner... and if you have the morals to do that.
So where does silver come in? Is the store owner a werewolf? Will there even be grocery store owners then?
When (if) the Shit hits the fan gold and silver will be cheap as fuck. If you have stuff people want or need like truck loads of salt, toilet paper, caned food, fuel..... they will sell you the gold at rock bottom prices. Once the worst is over after 7 years and people dont need to worry about essential any-more the gold price goes trough the roof you buy whole factories with it or whole city blocks with the PM.
174.
Post 8437240 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.07h):
Price is lagging a bit
175.
Post 8443712 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.07h):
New year 2018 is just around the corner
176.
Post 8450407 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.07h):
Remember the days when bitcoin was down 93.08% from its all time high (closing price on June 8 2011 was $ 29.6 on Nov 18 2011 it was $ 2.049)
177.
Post 8450924 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.07h):
This is Stellar!!!
lol, people selling the Facebook details for a meagre 100 scam stellars
178.
Post 8531019 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.08h):
Bitshares X on a crazy pump, almost $ 100,000,000 marketcap
Can i short those somewhere ?
Wondering is Wolong is part of that pump
179.
Post 8609092 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.09h):
Hope the new insanely expensive forum software also blocks quotes from people you ignored.
What new forum software is in the pipeline to block out parasites and deprive the trolls of there hard earned income. How cruel.
180.
Post 8668074 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.10h):
Why Litecoin is rising and bitcoin still stable? Stamp's wall has only 160 bitcoin. Hash rate and difficulty increased, why are we still 477. So booooring :/
Because its every traders dream coin. High volume, liquidity, lots of movement and technically sound. Up or down does not matter a quality trader makes equal money bear or bull market.
181.
Post 8729654 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.11h):
to me it looks like its the apple thing that will get going tomorrow
yes, less knowledgeable poeple might see apple's new payment system as bitcoins killer. how can a bunch of nerds compete against such a giant like apple? bitcoin is doomed, bla bla bla.
I see apple's new payment system as pure hype. taking adv of the confusion bitcoin has caused, trying to pretend to be an alternative to bitcoin. exactly as canada's mint chip did.
Apples payment system is another Facebook Credits, how did that end?
182.
Post 8729872 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.11h):
to me it looks like its the apple thing that will get going tomorrow
yes, less knowledgeable poeple might see apple's new payment system as bitcoins killer. how can a bunch of nerds compete against such a giant like apple? bitcoin is doomed, bla bla bla.
I see apple's new payment system as pure hype. taking adv of the confusion bitcoin has caused, trying to pretend to be an alternative to bitcoin. exactly as canada's mint chip did.
Apples payment system is another Facebook Credits, how did that end?
It isn't. Imagine verifying online credit card transactions with Touch ID - that's the direction they're moving towards. Big reduction in credit card fraud -> reduction in processing fees.
Touch ID verification can be used with bitcoin too.
183.
Post 8730558 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.11h):
to me it looks like its the apple thing that will get going tomorrow
yes, less knowledgeable poeple might see apple's new payment system as bitcoins killer. how can a bunch of nerds compete against such a giant like apple? bitcoin is doomed, bla bla bla.
I see apple's new payment system as pure hype. taking adv of the confusion bitcoin has caused, trying to pretend to be an alternative to bitcoin. exactly as canada's mint chip did.
Apples payment system is another Facebook Credits, how did that end?
It hasn't yet, Irelands central bank is supporting their
next attempt at electronic spending vouchers.
could you elaborate?
(im from ireland and havnt heard of this)
He probably means this:
http://www.forbes.com/sites/parmyolson/2014/06/09/here-are-two-ways-facebook-could-finally-make-money-from-messenger/Facebook has been trying to get into the money transmitting business for a long time. Cant see em going anywhere near Bitcoin with the twins sitting there.
184.
Post 8775366 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.12h):
Is crypto done??
185.
Post 8815323 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.12h):
[ ... ] contractors and others thru my house in that it is being remodeled and they asked what the KNC jupiter miner was in the basement (5 seperate occasions [ ...)] in each instance they all acted like they found me growing pot in the basement
so from the looks on faces and rapid change of context after stating this ...I asked if they heard of it ..universally they had heard it was for drug deals and illegal was it not? [ ... ]
Well, buying illegal drugs is certainly one of the things that attract some people to bitcoin.
I would even guess that the July 2012 price bubble was due to drug users and dealers adopting bitcoin. The price drop after the SilkRoad seizure shows that hat such use contributed significantly to the demand.
Someone noted that the LocalBitcoins BTC:USD volume has been increasing:
Looking closely, the volume was actually flat from January to late May, then jumped up by 30%, and remained flat until twoo weeks ago, when it had another large jump.
That rise in LocalBitcoins traffic in late May coincided with the still-unexplained sudden price rise from ~450$ to ~650$.
I understand that one advantage of buying through LocalBitcoins, rather than at an exchange or Coinbase, is to avoid the KYC/AML controls of the latter. So, could it be that the late May mini-bubble was due to a surge in demand for illegal drug traffic? The opening of OpenBazaar perhaps?
But then why didn't we see another price increase over the last two weeks, to match the the sharp rise in LocalBitcoins volume?
Silk Road was a road block for bitcoin
186.
Post 8817934 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.12h):
DOGE UP and on it΄s destined way to beome THE dominant crypto! Sooner or later his little brothers BTC and LTC will follow, don΄t you worry!
Bitcoin = Gold
Litecoin = Silver
Dogecoin = USD
Payment processors love dogecoin because it encourages usage unlike bitcoin and litecoin which are horded and not great for there business model. It is almost unrivalled in the cryptoworld with the endless supply and has cheap fees and is fast
187.
Post 8834699 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.12h):
Also, is it fair to say that dogecoin is the most successful alt?
Dogecoin just won a
United Nations competition, "Microlending with Dogecoin"
Check out the winner of the UNESCO youth competition:
https://www.youth-competition.org/winners-2013-2014-announced/Judges
https://www.youth-competition.org/competition-2013/panel-of-judges/Does it mean UNESCO gave green light to cryptos
188.
Post 8865528 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.13h):
1
Π = 1$ seems a fair price for me. I think more people would use it if we could manage to get a stable rate around +- 1% of it.
FTFY
189.
Post 9001278 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.16h):
How low would you like it? Is there a price from which Bitcoin wouldn't recover?
Interesting question. ... Is there a
non-negative price from which Bitcoin couldn't recover?
You guys are a funny bunch. Bitcoin is down 27.88 % from the yearly average price ($556) and up 223.39 % from a year ago ($124) More than 200 % up and its dead and buried. epic
190.
Post 9046280 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.18h):
Fish appearing on the charts:
...
The old Dinosaur patters where better, how about a nice Pimposaurus
191.
Post 9058047 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.18h):
The rise from 2011 - 2014 will pale in comparison between the rise from 2014 - 2016. That is how exponential growth works.
More people than ever have been exposed to bitcoin now. It is only a matter of time before the explosion hits.
Price could increase by more than $1,000/day. Don't miss it.
I am a permabull. I am a long term holder. I believe in BTC will have another big bubble but $1000/day!? Even I have a hard time wrapping my brain around that.
But, OK. So be it!
$ 1000/day is nothing in hyperinflation scenario
The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengő (100,000,000,000,000,000,000, or 1020;
100 million million million).
192.
Post 9058363 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.18h):
The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengő (100,000,000,000,000,000,000, or 1020;
100 million million million).
The text says apparently "ONE BILLION B.-PENGŐ". Is a "B.-PENGŐ" one billion pengő? (note that "Billion" is "milliard" in Hungarian.)
Right the Milliard note was printed but they did not get around to use it anymore, this is the right note (it all becomes a blur with that many zeros)
193.
Post 9078567 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.19h):
$339 seems to hold.
yeah sure!! Still not understanding that ripple is the future ?
Yeah sure a corporate centralized structure with no transparency must be the future. Giving away millions of Ripples to banks and i can buy them. I think i know that from somewhere.
When fiat dyes that junk will sink too
194.
Post 9080822 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.19h):
Xiaomi CEO said that he will buy 100000 coins if the price hit 1000 CNY.
China's 23rd richest man ?
195.
Post 9081733 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.19h):
Much ado about nothing, BTC $ 20 down today and ltc a whooping 19 cents
196.
Post 9095349 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.20h):
I think we will start chewing into that massive wall if it doesn't get removed sooner or later
Might take a few days though
That wall want be there once new fiat arrives on the exchange
197.
Post 9095724 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.20h):
to me it looks like we are in the final capitulation
sell all quick will it still has some value
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Post 9102885 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.21h):
199.
Post 9133242 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.21h):
Is there a graph of post frequency in this thread? I always wondered about the correlation between that and the Bitcoin price. Thought of implementing that graph, but had no time (taken). I know it's bad to talk than just to do, but maybe it already exists?
There used to be one back in the old days (new topics, new posts, new members, page views)
https://bitcointalk.org/index.php?topic=232865.msg2631006#msg2631006
200.
Post 9155769 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.22h):
Bitcoin talk stats (new member, new post, new topics, page views) vs Bitcoin price, new members to the forum start to lag a bit, otherwise still an exponential up-movement across the board.
https://bitcointalk.org/index.php?topic=818905.0
201.
Post 9165530 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.22h):
Where do you gents do your trading? Bitstamp?
I got heavily burned with MtGox so one with a bit of security and a competent CEO would be nice..
cheers
Okcoin is my personal favorit
202.
Post 9167864 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.22h):
How high will it go? There is plenty of posts on the speculation threads to get an idea of what many people believe. However, the consensus seems to be on the next rally we will hit $5000 or so. The question is how long do we have to wait for the next rally!
That is the consensus only among those who think that the next rally will hit 5000$ or so. There are other opinions. Even doubts that the price will ever get to 1000$ again.
Next bubble is going to be bigger than 1000$ for sure.
It's much easier to buy bitcoins than 12 months ago.
There are hundreds of exchanges opened around the world.
Who says there will be another bubble, why cant it rise slowly.
Some people are of the opinion a bitcoin could be worth as much as 4mil each.
https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf
203.
Post 9195637 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.23h):
LTC explosion on okcoin, 1W MACD about to turn Green. $4 is cheap
There are only 32,890,401 existing LTC.
The volume on OKCOIN is made with fake LTC and BOTS.
Don't get fooled !
LTC doesn't have a free market for the price. It is all controlled by few scammers.
Control by Bots: Yes , just like btc.
Volume can be higher than actual coin supply is not Abnormal in a FREE trading system like Okcoin. Same coins being bought and sold by bots multiple times creating big volume. Its great for
liquidity actually.
PS : I trade ltc on okcoin, i know what am talking of
Free trading is only on the Chinese exchange and not the International. Volume of the Chinese version is NOT included on Coinmarketcap
Neeedless to say im trading on the cn (yuan) version and not the com (USD). I'm in and out endless times a day, why not
Okcoin International exchange (USD)
https://www.okcoin.com/about/vip.do Okcoin Chinese exchange (CNY)
https://www.okcoin.cn/about/vip.doHuobis international exchange (USD)
https://www.bityes.com/help/rates Huobi Chinese exchange (CNY)
https://www.huobi.com/help/?
204.
Post 9213809 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.24h):
Must feel awful to have money in the stock market this month. Value plummeting every single day. But...
bitcoin users not affected!
The fail of comparing an alleged currency to the stock market
Here's how real money has fared YTD:
...and Bitcoin:
Keep trying
What a full 3% up
205.
Post 9276800 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.25h):
coinmarketcap is a pure site use anotheroneone and you will see no such error
206.
Post 9291851 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.25h):
...
is there some significance to this masked green dude?
It is I, your cold-blooded overlord. This isn't even my final form.
ok good to know.
a frog is a reptilian ?
It is here
207.
Post 9335465 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.26h):
FTFY
208.
Post 9339721 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.26h):
The only reason why BTC will grow and increase in price is Anonymity. Each and everyday people are tired of showing ids and passports to banks to send money to someone or receive. With BTC its all cool and your anonymous what more is needed? BTC Can grow a lot more in developed countries with high tax rate and strict control. As people want to live free not in a cage. One of the reason Sweden loves bitcoin is this.
There are way better alt coins for that.
It does not have to be 100% privacy. It can just be something that is similar to cash: payment is visible for the receiver, but the identity of the payee is not necessarily known to the rest of the world (e.g., stored in a central system with access for government officials).
Yeah, there are better coins for that.
Bitcoin is just an outdated pump and dump coin.
I'm beginning to suspect you are either butthurt or trolling for profit. Hmm
Trolling is a dangerous occupation this days, two years jail cant be fun
http://www.bbc.co.uk/news/uk-29678989
209.
Post 9339848 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.26h):
The only reason why BTC will grow and increase in price is Anonymity. Each and everyday people are tired of showing ids and passports to banks to send money to someone or receive. With BTC its all cool and your anonymous what more is needed? BTC Can grow a lot more in developed countries with high tax rate and strict control. As people want to live free not in a cage. One of the reason Sweden loves bitcoin is this.
There are way better alt coins for that.
It does not have to be 100% privacy. It can just be something that is similar to cash: payment is visible for the receiver, but the identity of the payee is not necessarily known to the rest of the world (e.g., stored in a central system with access for government officials).
Yeah, there are better coins for that.
Bitcoin is just an outdated pump and dump coin.
I'm beginning to suspect you are either butthurt or trolling for profit. Hmm
Trolling is a dangerous occupation this days, two years jail cant be fun
http://www.bbc.co.uk/news/uk-29678989is it even trolling they are talking about?!
There are many different forms, NotLambchop is looking at 2 months minimum
210.
Post 9405173 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.28h):
The first 3 months after the peak the movement is similar but then it strays. (2013 had to be cut short as it moved through the roof)
211.
Post 9410730 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.28h):
There have been many things "backed by nothing" that were highly prized and profitable -- for a while.
Like fiat money? Um, no: that is backed by the monopoly of violence. Even that works for a while.
What does it mean "backed by"? What is gold backed by, the promise someone made the effort to find it?
212.
Post 9425320 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.29h):
It is me or whatever happens in Litecoin market happens in BTC market?
That means we still have more down moves, because Litecoin is at 3.55 right now
Similar but not the same, also look at 1 week MACD
213.
Post 9435312 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.29h):
That fake volume on huobi... 400btc trades out of nowhere and without any ask even near. What a joke
OKCoin is also doing an OK job.
Yep... would never put a satoshi on the exchange like that
Bitcoinwisdom stacks the orders, its not one alone
214.
Post 9436560 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.29h):
I can assure my trades are not fake and im not a bot. There have been days i had greater volume by myself than some of the smaller exchanges total. Does not mean i make a ton of money, sure beats a day at the horses and get ripped of by a bookie.
215.
Post 9438380 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.29h):
How can we compare volumes between exchanges with and without charges? They are just not comparable.
However, the volumes by the exchange its self are comparable. If we compare current volume of BTC-China with its past volume, we see it has resumed to volume of last bubble. The same happens on Huobi, Okcoin and Bitfinex.
Why volumes increase to or close to those of last bubble, in a downtrend market? Does that mean we are close to bottom? Anyone to comment?
Means someone is selling a lot, instead of buying a lot.
So we are in a down bubble, not an up bubble
down bubbles are no fun
216.
Post 9439238 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.29h):
Nobody gives a fuck about ripple.
Except banks and huge companies that will eventually pump XRP beyond your wildest dreams.
In who's dreams exactly? It amazes me how some people here can be so dead certain on such unsure future situations.
My dreams. I expect XRP parity with the dollar by 6 months. Probably 1 xrp = $10 within a year.
Looking for a partner you buy $ 55 I provide nothing and we share 100% of the kiddy.
(Jed McCaleb still his stash cant sell for some time because of some contract)
217.
Post 9440044 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.29h):
Ripple has a wonderful POV algorithm (Proof-of-violence)
Its by far the biggest scam around in cryptoland now thats some achievement but not surprising after all its the Banks behind it.
Including fake marketcap. Increased by 100 000 000 million in August with falling price now thats an achievement. Who says there is no Santa Clause.
Price is also massively inflated look at Dogecoin with true price and similar total supply.
218.
Post 9507393 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.30h):
Reason for internet trolls is
found Cure to follow shortly.
219.
Post 9511305 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.30h):
Bitcoinwisdom is down??
Alternative
https://cryptowat.ch/
220.
Post 9531046 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.31h):
Has the bottom been reached?
indeed, on the 5th of October
221.
Post 10396494 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.57h):
"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins. Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse.
The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange.
Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053Google translation:
WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. [
]
EDIT: See also the
reddit thread. One comment in there claims that the report is incorrect.
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed
222.
Post 10396870 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.57h):
...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed
You're right, I feel much safer trading on exchanges like BTC-e,
registered in Bulgaria not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!
BTC-e is european union registred (cyprus)
I also heard Russia (their Russian is fluent), Ukraine & just about everywhere else. Do you happen to know names of the players involved? You know, like founder, CEO, CTO?
The owners are russian citizen, (not nationals) the exchange is registred in Cyprus and England and the servers sit in Bulgaria.
Yes the names are known.
223.
Post 10396880 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.57h):
The PBOC was real patient with Bitcoiners in the last months. But after this last event where honest chinese got scammed for millions by mycoin.hk i guess they won΄t have any other chance than totally banning Bitcoin . I will send them an e-mail with my conerns about an eventually upcoming riot in the street by chinese people who got bitscammed, just to make sure that they are prepared. This madness has to stop.
If you have knowledge about other events where chinamen got scammed by Bitcoin feel free to write them:
webbox@pbc.gov.cnyeh the 30 victims of the imaginary scam gona riot
224.
Post 10397077 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.57h):
...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed
You're right, I feel much safer trading on exchanges like BTC-e,
registered in Bulgaria not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!
BTC-e is european union registred (cyprus)
I also heard Russia (their Russian is fluent), Ukraine & just about everywhere else. Do you happen to know names of the players involved? You know, like founder, CEO, CTO?
The owners are russian citizen, (not nationals) the exchange is registred in Cyprus and England and the servers sit in Bulgaria.
Yes the names are known.
>the exchange is registred in Cyprus and England
Anything other than their word backing this claim?
>Yes the names are known
Err... So what are the names?
When u sign up you can see for yourself, read the terms and conditions (Jurisdiction)
https://btc-e.com/page/1
225.
Post 10420088 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.57h):
Back in the early days, some of the smartest people in the world have been hanging around here. They were posting tech stuff, chatting about the fiat economy and politics, even trying to predict if a specific pattern was responsible for the USD/BTC price. But then; MtGox arrived. Then the trolls followed. And my ignore list must now contain more than 50 persons.
And yet this
still seems to be the best thread in this whole forum.
Recall that, many months ago, about half of the postings on bitcointalk.org were about altcoins. I am too lazy now to redo that statistic, but, by eyeball, the altcoins still seem to take a large fraction.
Many months ago most of the alt coin posts were mostly addresses for giveaways, until giveaways were banned. After that the alt coin announcements section seemed the most popular, with countless new alt coins being announced each week. Nowadays new coin launches have dried up leaving this as one of the most popular threads,
In my opinion at the end there will be less than half a dozen meaningfull coins.
Anything less than $20000 trading volume in 24h is a joke
226.
Post 10420399 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.57h):
For anyone not yet convinced that chinese exchanges are 100% fake, well look at this;
22:56:41 1366 793.784 <-- in an order book almost complete empty on the ask side (it was a buy - huobi). Before that there was a +400btc buy as well (also on an empty ask side).
no CNY volume is taken into consideration from chinese exchanges
and no my trades are not fake just because i enter and exit lots of times and i am not a bot
227.
Post 10429624 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.58h):
This video appears to show a MyCoin.hk convention in 2014:
http://my.tv.sohu.com/us/201860874/69946081.shtmlGiven the number of atendees in that event, the claim of 3000 victims now seems more credible.
The gray-haired Westerner may be William Dennis Atwood, the director of the parent company who seem to have left shortly before MyCoin.hk collapsed.
20 tables with 12 chairs each
228.
Post 10462296 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.58h):
229.
Post 10466035 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_13.58h):
sooo hey im a little lost on the ccmf abbreviation - is that "closed casket mother fucker" - as per urban dictionary or some other meaning - just asking
ChooChooMotherFucker
230.
Post 10567572 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_14.00h):
Thankfully, the Silk Road was eventually shutdown - the price of the bitcoin dropped immediately and sharply (though today reincarnations of this dark bazaar now exist).
After 14 days, the price was higher than before Silk Road was shut down. Then the price increased 10x in two months.
Look what happend to bitcoins price once it broke free from the shady silk road dealings
231.
Post 10570923 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_14.00h):
Damn, now I have to set one up...
OK, how about:
Jun 2015 BTC0.1793
Dec 2015 BTC0.1972
Jun 2016 BTC0.2170
Dec 2016 BTC0.2387
Jun 2017 BTC0.2625
Dec 2017 BTC0.2888
Jun 2018 BTC0.3177
Dec 2018 BTC0.3812
Jun 2019 BTC0.4574
Dec 2019 BTC0.5489
?
What are these numbers?
You forgot to add the year you retire with your investment plan, like Kupsi
Month, Year, BTC Owned (by me)
232.
Post 10582145 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_14.00h):
Anyone want to work for a Bank
You care about disruption and have opinions on the future of banking, the payments system, and how to improve upon our existing financial infrastructure. You have an opinion on bitcoin and other cryptocurrencies, and you are probably ambivalent about the prospect of working for a large financial institution.
https://jpmchase.taleo.net/careersection/2/jobdetail.ftl?lang=en&job=1530736&src=JB-13027
233.
Post 10582280 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_14.00h):
234.
Post 10582464 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_14.00h):
235.
Post 10593499 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_14.00h):
Lets see how this translates 2,600 years ago...
Real wealth is houses, land, cars, food, services, etc. Wealth gets created and destroyed, sometimes both in quick succession, as when a cook prepares a meal that gets eaten right away.
Gold does not create any wealth. Its contribution to productivity, by (allegedly) being a more efficient payment instrument is tiny. In fact, the contribution of gold to world's production of wealth, so far, has been humongously negative: 100 times (at least) more wealth has been destroyed by the gold system than has been created thanks to it.
Does not translate. The replacement of barter by money transactions hugely improved the flow of goods and services, by breaking down complicated multi-party trasactions into independent two-party steps, that could be widely separated in time and space.
There was something between barter and gold. Currencies like salt, rare shells, rai stones, to name a few. Gold coins replaced those. While the other currencies were local, gold worked globally (well, almost, it didn't get to the Americas). See the parallel between contemporary local fiat currencies and the global bitcoins?
The losses caused by bitcoin include, first, all the wealth consumed by the "bitcoin phenomenon": the bitcoin mining equipment and electrical energy used by miners, all the time spent by bitcoiners looking at charts, trading bitcoins, and watching Antonopulos videos, all the time and equipment and electricity consumed by bitcoin companies, all the time spent by non-bitcoiners listening to bitcoiners and trying to understand the thing. We should also add all the losses and hardships suffered by victims of bitcoin thefts, scams, and collapse of bitcoin companies. Even if we discount from the latter the losses of wealthy people (which, a communist might argue, were just cases of thief stealing from thief), we can easily get to a billion dollars of damages.
Hence the claim that, so far, bitcoin has brought 100x more losses than benefits to mankind.
How much losses are caused by gold mining? By moving cash around? By people devoting their lives to making money off the financial markets? Etc...
That is the same trick that governments and banks use when they create more money, indeed. But when the government does it, it is just another kind of tax: the government is supposed to use the wealth that it buys with that new money for the benefit of its citizens. When banks do it, of course, there is no such return: there is net and permanent transfer of wealth from the general people to bank owners.
And that is the case too when private entities create new money, whether it is gift certificates or Linden Dollars -- or scarce metals. *That* is why scarce metals are a scam, even if they were to succeed.
These statemetns of course make no sense when applied to gold. Banks and governments do not create more gold, and private entities do not create new scarce metals. It obviously applies to fiat money, such as dollars and cryptocurrencies.
Gold mining companies mine gold. As such they bring more gold in circulation that wasn't in circulation before -- just like with bitcoin.
There are private entities that try to make other scarce metals (apart from gold and silver) sexy enough to act as a store of value.
Energy is Wealth (see my personal message)
236.
Post 36325993 (copy this link) (by manfred) (scraped on 2020-04-04_Sat_15.54h):
