All posts made by mmitech in Bitcointalk.org's Wall Observer thread
1.
Post 2559647 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.06h):
Gox is down here, is it working for you guys ?
2.
Post 2559685 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.06h):
Gox is down here, is it working for you guys ?
502 Bad Gateway here
i am trying now for more than 5 minutes i cant get to the page
3.
Post 2559821 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.06h):
The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet.
And right now we are not hitting the hard limit.
When/if we hit it, it will influence the transaction fees.
They will have to go up quite a bit for the "off chain transactions" to be interesting.
And maybe they will solve it by promoting LTC for small transactions.
Or Feathercoin, or Blightcoin, or any other coin.
This is assuming that nothing more elegant than another blockchain can be used for the "off chain transactions" scheme.
Right now small BTC transactions are limited by amount, because of this problem.
No. That's not even related.
The minimum limit is to -temporarily- protect the blockchain from being bloated with unspendable transactions while the developers are working towards a more market-driven solution.
And because Litecoin is a copy of Bitcoin... how are these same problems dealt with?
I respect your point of view, but I think you can hear what I will say here, Bitcoin is the First, biggest and the most secure and successful Crypto, and may be this will be for a long time, but thinking that it will be the only Crypto and payment system is only ignorant. and pretending that some cryptos doesn't bring any innovation is also ignorant,we all know that almost all cryptos are copied of the source of BTC with some editing, sometimes is just the name, but trying to convince people and your self that LTC is nothing special is just wrong.
In fact do you really think that BTC will be the leader for the next lets say 20 years ? with its technology (SHA256) , have you ever thought about it, in some point SHA256 will be old as my MMX processor or your Pentium 1, just to remind you I still remember using my Pentium 1 and my windows 3.11 like it was yesterday.
BTC is just the opening of a new technology, culture, a free world, it is like the first car ever made or the first plane ever made, we have choices, it is all about choices.
what do you think it is better for you? if I am buying a car and decided for a brand X lets say Mercedes, this doesn't mean BMW is worthless, they do the same job but they deffer in some specification which leaded me to make my decision.
LTC do the same thing that BTC does, the fast transactions and the encryption make it referent, whether you like it or not, LTC is here to survive and to be used widely the same as BTC .
and one day all this coins (and add to them all the crap coins) will be gone and replaced with something better, and you will be stuck with holding your BTC.
you know what you sound the same as my boss, he fears change, each time we want to change or upgrade a server or software he gives us the what this can do that what we have cant do . but he gives up at the end.
4.
Post 2559978 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.06h):
I respect your point of view, (...) is only ignorant. (...) is also ignorant,(...) is just wrong.
(...)
you know what you sound the same as my boss, he fears change, each time we want to change or upgrade a server or software he gives us the what this can do that what we have cant do . but he gives up at the end.
In fact do you really think that BTC will be the leader for the next lets say 20 years ? with its technology (SHA256) , have you ever thought about it, in some point SHA256 will be old as my MMX processor or your Pentium 1, just to remind you I still remember using my Pentium 1 and my windows 3.11 like it was yesterday.
I also remember how I used the Internet Protocol. Damn this thing is old. Good thing we got rid of it and...
Oh, wait...
You know there's nothing preventing us from changing the proof of work, right?
to what ? scrypt ?
LTC already use that tech
and yes I do respect your point. in fact when i say you are ignorant, this means that there is some facts you should consider but most likely you are ignoring for some reason.
PS: I loved my MMX it was a top that time same as BTC now
Edit : about internet, if you were an IT engineer you should know that the internet was first used in US army I think around 195x it never used the "todays protocol", and there was a massive improvments all the time , (check the 195x because i am not sure about it but it should be close)
5.
Post 2560102 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.06h):
I also remember how I used the Internet Protocol. Damn this thing is old. Good thing we got rid of it and...
But the first mass computer networks and protocols were older than the Internet. For example, FidoNet (
http://en.wikipedia.org/wiki/FidoNet).
What if Bitcoin is a FidoNet of cryptocurrencies? Who knows. Time will tell.
Sure, and before Ethernet there was other competing network communication architectures, such as token passing.
What you're saying is true, but doesn't help Litecoin in any way: it's basically the same thing!
It's like saying "The internal combustion engine won't be here forever... you should drop your Nissan and take a Ford instead!"
yes this is true, you drive your car until it is time to change , and the owner of a Nissan cant just say we have Nissan why to use ford
6.
Post 2563691 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.06h):
to what ? scrypt ?
LTC already use that tech
If for some reason that's what needed, sure, why not?
I don't think the Sha256 ASICs can be modified for Scrypt. They hold enough hashing power to ensure SHA 256 remains. Scrypt would be a hard fork which the ASIC users wont adopt. Most users will protect their investment at any cost.
That's the point. If the proof of work algorithm were to change, the SHA256 ASICs wouldn't hold
any power.
This would be a hard fork, probably with temporarily two competing blockchain version.
But if the Bitcoin's survival depend on it, everyone with a vested interest will just switch to another proof of work algorithm
(Even if some miners don't like it.)
Furthermore, we would have a bunch of Litecoin miners that would gladly use their processing power to mine bitcoins.
Marvellous, isn't it?
If by marvelous you mean blocks that take 100 times longer to complete until difficulty adjusts back to GPU level . . . Which would take maybe 6 years, if we hit 2 Ph/s in in the next few months, which I bet we do. Also, in a competition, how would GPU's ever out compete ASICS?
Do you guys even know how Bitcoin works?
Ok, imagine that everyone is using gold as money.
There is a great overlord who owns most of the gold mines on earth. Most think his power is almost absolute.
Now everyone, for whatever reason, decide to switch to using silver instead of gold.
All the gold currently in the people's hands immediately turns into silver, but not what's still underground.
All those able to mine silver are quite happy to mine for something that is so valuable.
What is the power of the gold overlord? Nothing. He had power only as long as people were using gold.
Back to Bitcoin.
What is the power of SHA256 ASICs if the proof of work changes? Zit, nada, nothing!
They can't prevent a change in the proof of work.
In a hard fork, that's really not a problem to adjust the difficulty level to account for the now missing ASICs.
You seem to think that Bitcoin is now as it will always be.
Bitcoin has changed and will continue to do so in order to improve itself.
If a 2 min per block time is
really needed, then Bitcoin can be changed for that.
Most of the alt-coins advocates don't seem to realize that for everyone invested in Bitcoin, it's in their own interest to improve it if needed.
Bitcoin could even end up as an identical copy of Litecoin if that was needed.
What would the advantage versus just moving to Litecoin?
Every bitcoiner could keep his "wealth" already in the blockchain.
Merchants can keep using the same software.
And every blockchain uses are still valid (such as proof of existence).
OK now you don't make any sense, but I have no energy to discuss this any further, we will see how things will turn out .
7.
Post 3115072 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.15h):
I see big players moving to Bitstamp slowly, the volume is getting bigger each day, and starting to be almost the same as Mtgox, they have faster and better support, today I made a deposit through SEPA and it was credited the same day, I usually withdraw money and I get it the same or next day on my account..... but still I fail to understand why people still trade on Mtgox after all this shit....
8.
Post 3115221 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.15h):
Just had a semi heart attack. Was logged in on my btc-e account and my btc balance suddenly appeared as 0, as if someone had hacked in and withdrawn my btc. Logged back in and it showed up. Frightening moment, especially because that site is shady as hell, but the only choice to trade LTC at a decent volume :p
they were upgrading their wallet BTW, there was a post on their latest news about it
9.
Post 3287018 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
I feel that it is not the end of this tragedy..... there is more coming soon, I will cool off and decide about buying tomorrow....
10.
Post 3287442 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
I sent my coins to bitstamp to sell high and buy low, I ended up waiting 45 minutes price went below 104 I sold at 98$ didnt want to buy back at 85 thinking it would go lower... than boom it went up to 120+
I still think it is to early to judge about baying back, I didn't learn anything, the only thing that I've learned is that I suck at trading .... I will wait , maybe I will have luck and price drop below 90 again.....
11.
Post 3287507 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
I sent my coins to bitstamp to sell high and buy low, I ended up waiting 45 minutes price went below 104 I sold at 98$ didnt want to buy back at 85 thinking it would go lower... than boom it went up to 120+
I still think it is to early to judge about baying back, I didn't learn anything, the only thing that I've learned is that I suck at trading .... I will wait , maybe I will have luck and price drop below 90 again.....
Just remember when trading, there are people dumber than you who will make irrational choices that can and will fuck you over.
Such as the buyers on bitstamp
even worst, my friend 5 hours earlier needed cash to buy something, I told him that he can sell me some BTC, I took all 17.5
BTC he had at 126.88$ , called me later to tell that he feels sorry , I asked he feels sorry about what then he just replied the price just drooped for 8$, when I went to my PC it was already at 116$ .... just checked the SR news ... and my brain was on sell mode .... my wife told me to calm down and I was like this is my chance this my chance to make some profit....
I would stick to the 8
BTC that i could make at 85$, I am so mad at my self now.
12.
Post 3287560 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
I sent my coins to bitstamp to sell high and buy low, I ended up waiting 45 minutes price went below 104 I sold at 98$ didnt want to buy back at 85 thinking it would go lower... than boom it went up to 120+
I still think it is to early to judge about baying back, I didn't learn anything, the only thing that I've learned is that I suck at trading .... I will wait , maybe I will have luck and price drop below 90 again.....
Just remember when trading, there are people dumber than you who will make irrational choices that can and will fuck you over.
Such as the buyers on bitstamp
even worst, my friend 5 hours earlier needed cash to buy something, I told him that he can sell me some BTC, I took all 17.5
BTC he had at 126.88$ , called me later to tell that he feels sorry , I asked he feels sorry about what then he just replied the price just drooped for 8$, when I went to my PC it was already at 116$ .... just checked the SR news ... and my brain was on sell mode .... my wife told me to calm down and I was like this is my chance this my chance to make some profit....
I would stick to the 8
BTC that i could make at 85$, I am so mad at my self now.
You can go lay in a bathtub with drain and water running.
Cut your vein open and end yourself.
Dont be an amature and cut across the vein, cut ALONG the vein so you're not embarassed being caught with an "attempt".
you seem expert at this ..... this makes me think about what kind of life you have there.... I feel sorry for you.
13.
Post 3287597 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
I sent my coins to bitstamp to sell high and buy low, I ended up waiting 45 minutes price went below 104 I sold at 98$ didnt want to buy back at 85 thinking it would go lower... than boom it went up to 120+
I still think it is to early to judge about baying back, I didn't learn anything, the only thing that I've learned is that I suck at trading .... I will wait , maybe I will have luck and price drop below 90 again.....
Just remember when trading, there are people dumber than you who will make irrational choices that can and will fuck you over.
Such as the buyers on bitstamp
even worst, my friend 5 hours earlier needed cash to buy something, I told him that he can sell me some BTC, I took all 17.5
BTC he had at 126.88$ , called me later to tell that he feels sorry , I asked he feels sorry about what then he just replied the price just drooped for 8$, when I went to my PC it was already at 116$ .... just checked the SR news ... and my brain was on sell mode .... my wife told me to calm down and I was like this is my chance this my chance to make some profit....
I would stick to the 8
BTC that i could make at 85$, I am so mad at my self now.
You can go lay in a bathtub with drain and water running.
Cut your vein open and end yourself.
Dont be an amature and cut across the vein, cut ALONG the vein so you're not embarassed being caught with an "attempt".
you seem expert at this ..... this makes me think about what kind of life you have there.... I feel sorry for you.
I'm a psychiatrist. I happen to deal with alot of ppl like you.
ah ok... I see what kind of a person you are, the one who knows everything after reading 2 lines
I have dealt with your kind as well, though I am not a psychiatrist, But I can tell that people like you have no social life and lack of confidence...... hold up there bud, there is always hope
14.
Post 3287605 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
funny all the people in this thread bragging about their profits
i bet ya, for the same amount of people with profits in this thread there are people grinding their teeth in the shadows at these posts :p (not me, don't day trade :p)
I juts lost around 20
BTC , ah bad decision and move on, i do not know why people doesn't admit their mistakes ....
15.
Post 3287664 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.16h):
funny all the people in this thread bragging about their profits
i bet ya, for the same amount of people with profits in this thread there are people grinding their teeth in the shadows at these posts :p (not me, don't day trade :p)
Well, heres my trades:
S: 144.95
B: 136.55
S: 130.00
B: N/A
I'm grinding my teeth
isnt that so clear with all your cussing when ppl buy btc?
I mean... really? atleast trade like a professional and shut your dirty hole.
no wonder that the ignore button is glowing so to orange..... what kind of a psychiatrist you would make..... basically you suck in every possible way LOL
16.
Post 3318196 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.17h):
did they implement the new engine midas ? they didn't mention anything but I am really curious what kind of maintenance they had !
17.
Post 3320220 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.17h):
what is Midas?
midas is the name of their super duper new trading engine, supposedly is capable of doing hundred of thousands of operations a second, we will see about that....
18.
Post 3367927 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.17h):
it is scary though, it reminds me of April bubble, a bubble is never a good sing, I would like to see the price stable at this price for more days then rise slowly again rather than rising too much and crash to $100
a bubble is never good for the long term health of the bitcoin market, it creates panic sell/buy which will keep most investors and normal people from trusting the coin.
19.
Post 3368028 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.17h):
all I know is when we have 20% raise in a couple of days is not a good sign, I am watching carefully, I was making big losses when the market went crazy, because it is hard to predict and it is even harder to get in/out at the right moment.
this time I wont get tricked, I wont lose money but I will use this chance to make up some of my losses.
20.
Post 3369627 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.17h):
Sold @Bitstamp @165. Will buy back @156
Sold half at 160 and the other half at 163, buying back at 150 or less, if not I am cashing out
21.
Post 3400387 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.18h):
Told you, Correcting is coming...... it is not healthy for any thing to raise this way..... this is just the start
22.
Post 3400407 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.18h):
this is a good time to buy!
LOL yes of course.... not, it is gonna correct to even lower price....
23.
Post 3400477 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.18h):
That's it folks. I sold all
Failure to overcome previous ATH creates a massive double top, it is hard to say where the price will go, but in 6 months my guess would be in the $13-$50 range. Thank you
Ok dont let the door kick you on your way out.
How much did you loose?
Everything man, i'm now picking a bridge to jump. Damn Google maps, their streetview sucks... cant tell the height....
you have the suicidal attitude, each time you bring up killing your self or advise people to kill them selves, I really do not want to hear what is behind that. but I think you need some help...
24.
Post 3506988 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.21h):
holy shit, am I reading this right: 309.68 the high, I cant believe it.
25.
Post 3507036 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.21h):
and crahing started, gox is lagging for me , anyone else having the same problem ?
26.
Post 3537540 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.22h):
what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.
do you think it will crush further ?
27.
Post 3537594 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.22h):
Bitstamp is still crashing, it is sunday so it is still early for Europeans to wake up, we are a bit lazy and we like to sleep longer on Sundays, I just got lucky because I am in duty and they called me and woke me up, I might just catch a sweet spot
28.
Post 3626042 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.24h):
guys are watching what is happening in China holy shit BTC= ￥4820.02 LTC=￥97, LTC $18 !!!!!!1
29.
Post 3637912 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.25h):
how many guys Lost money today, I want to open a confession room like the one in church, come confess to me how much you lost/made
30.
Post 3638138 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.25h):
my explanation for what is happening is :
- early adopters want to cash out at a sweet spot which is now
- so many new comers who still didn't get used to volatility of Bitcoin and panic sell and buy.
- new big players trying to manipulate the market for a sweet buy spot
31.
Post 3649655 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
Stamp is having Problems with their banking software as they stated in their news release, They said that it will take couple of days to fix, so no money in and no money out, this is why the price didn't spike with Gox and actually it was the first time when BTC-e price was higher than stamps for at least $40 te past few days, it as strange but when I saw the news release everything was clear to me.
32.
Post 3649810 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
at bitstamp only users with dedicated line can log in trade, I was just talking to them, they are working on fixing it
Edit: can trade not log in
33.
Post 3650398 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
513 already at stamp
34.
Post 3650447 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
OK money has been stuck in stamp since the last Friday, now that they fixed their Bandking software we will see BTC going up so fast
35.
Post 3651014 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.
You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.
you clearly have no Idea, most big exchanges are AML and KYC applicant, and all new exchanges that will appear will have to apply as well in order to survive, the Problem of bubbles and crashes and corrections is not the weakness of the trading Platforms but the nature of Bitcoins.
Bitcoin rewards the early adopters and makes room for new comers, when the price go up so fast like we saw the last few weeks a correction/crash will most likely appear, I would like to remind you that after the silk road news the 1st of october BTC crashed to $85 and corrected to $115, this only a month and a half ago, so after 5 weeks the Price went strait to $900.
even if you are not that early adopter and invested in Bitcoins in october todays price gives you a sweet exit with huge profit, so imagine if you bought at $10, all what I am trying to say is that because of the nature of bitcoin, there will be allways crashes like this. except if price will riase slowly and healthy, I was expecting a crash but when it took this long I thought it wont happen before $1000.
but I am sure that people will always invest, all it will take is a look to the chart and they will understand that these things happens, I as a Bitcoiner and Litecoiner got used to this, I really dont care that much anymore, especially after hearing the positive comments from yesterday and before yesterday senate hearing.
why would I sell my Bitcoins or Litecoins anyways, I am sure they will be around for long time and I am sure that I will start using them in my daily life shortly and I had the best opportunity to get in before most of people.
36.
Post 3651083 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
and we are going up so fast
edit: sorry suckers who sold out before
37.
Post 3651481 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.26h):
wow YOU TOUCHED MY WALL!!!!
Yup that was my wall, i use bot to pull it. Suckers who sold b4 my walls gonna hate me now.
Edit: see noobs? this is how you can get manipulated..
you are not the owner of that wall so stop your BS
38.
Post 3660996 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.27h):
OFF-topic- Max keiser Promoting Litecoin, Litecoin went 100% in one week, you cant miss that as well
39.
Post 3664432 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.27h):
Now that we are discussing about anything.
Does anyone have an opinion on having a BTC donation address in your signature?
Have any of you ever gotten anything from having one? A cool story perhaps on how you randomly received a ton of BTC.
Kinda looks like begging in the digital age doesn't it
. (And I'm taking part of it
).
this is so 2009/2010 when Bitcoin was worth pennies and was just getting promoted, a friend told me he got 150
BTC as a donation for getting started it was worth nothing at the time, nowdays no one will give you 0.001 to promote bitcoin but you could get it for something you did that deserves a thank you, think of it as a tip
40.
Post 3672476 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.27h):
Slowly but surely everyone is starting to figure it out. What's happening right now happened before in March. Almost identical charts. One more crazy run-the-train-of-its-rails rally is brewing. It's going to be epic.
If we go crazy
from here (we are already well above/ahead of the long-term trend), the inevitable result is crash. That is the way turbulence works. This makes it relevant to try to estimate the top and the bottom.
My take:
- Top $2200, bottom $475. Before Christmas.
I was following your posts, there is always a crash in your post, each day you post the same prediction, but I see Bitcoin only going higher and the only correction was before and after the senate hearing, look I said correction not crash.
this is not the classic stock market, Bitcoin is unpredictable to its nature, Early adopters get advantage and you never know when some one will cash out a part of their investment, and these charts where you draw lines predicting price they doesn't mean anything and they are based on no scientific or economical ground.
41.
Post 3684430 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
Fill in the blanks:
From March 18 to April 9, in
23 days, bitcoin appreciated
379% against the USD, which is average
7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity.
From November 3 to November 23, in
21 days, bitcoin appreciated
291% against the USD, which is average
6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________.
See for yourself well Bitcoin got more attention and new investors now, all crashes/correction after April did last only few hours or a day at max, now people are better prepared for a correction and are on standby to buy back whenever n opportunity appear.
long story short, the market will eat it, so stop dreaming and buy back before you miss it, because I will say it once again this is not the classic stock market, bitcoin is unpredictable.
42.
Post 3684761 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy
I do not need Fiat ATM, I will sure cash out some when I need it, I am exploring few other investment, "hint:" Litecoin
43.
Post 3686502 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
Red candles everywhere. PANIC. Just dumped 250 coins @ 805.
LOL we will really panic because of 250
BTC aaaaaaaaaah I am panicking already I am going all-out[/sarcasm] you are funny.
44.
Post 3686875 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
GOX is down for me
EDIT: back online
45.
Post 3687357 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
Mark is probably sleeping so this can take some time to fix
46.
Post 3687432 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
someone needs to wake up Mark and tell him to fix his shit
47.
Post 3687539 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
the site load normally for me now, but I cant log in
48.
Post 3697429 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
Well I also don't own a TV, go shopping, read magazines/newspapers, eat processed food, use microwave, never had a 9-5 job etc.
A clear recipe for becoming a business magnate. Try it, you may be surprised
Hey cool, all of these already apply to me!
I do own a TV, though. But it's being used as a monitor for a PC.
Dayum. I was just about to post the exact same thing.
The only reason I bought a 3D TV was to get a 55" LED/LCD panel with a 240Hz refresh rate for my main computer.
I've been car-free since 1966, job-free since 1976, tobacco-free since 1985, drug-free since 1988, and TV-free since 1997.
Just say no!
the last time I watched TV may be was back in 2003 during the Iraq war, by that I mean I was really siting and watching.... I do own a big flat TV but mostly my wife and kids watch it, my PC is my source of information, work, entertainment....
49.
Post 3699778 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.28h):
Lol why is there a 100$ gap between btc-e and gox?
I was thinking the same until I tried to deposit some money to try some arbitrage, well I got surprised with the fees and the owners asking me to describe my deposit as for advertisement... so BTC actually cost you more than Bitstamp or gox when you calculate everything.
most people trade BTC there just to buy Litecoins anyways, we really need gox or Bitstamp to add Litecoins so BTC-e can die slowly.
you know when they say that Litecoin silver to Bitcoins Gold and it is Important to its survival, believe it or not, Yes it is true. this image describe it more.
and this is the trading Volume the last 24 Hours compared to Bitcoin
50.
Post 3712999 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.29h):
Here is something that could en(b)lighten people sticking to their Litecoin: The current LTC/BTC price is 0.0155. The eventual supply of LTC is 4x the supply of BTC, ie 84 million. Do you really think Litecoin is worth over 6% of Bitcoin?
Now this is not addressing people who are merely mining or trading them to gain BTC, merely those who are stuck in their delusion. Hopefully, there aren't too many of them here.
your but hearts ?
51.
Post 3713021 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.29h):
this is the first since long time I am watching Litecoin raise when Bitcoin is falling, it hearts my but to see my Bitcoins losing value, but I am more than happy watching my Litecoins covering that loss, and this is what we call spread risk
52.
Post 3713497 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.29h):
Altcoins behaving weirdly. NVC jumped from $8 to like $26 is a couple of minutes.
It's called BTC-E is just 5 guys on a perma pump-and-dump binge.
yes they just want to take attention from LTC and driving losers to invest in NVC, TRC and FTC, they pump them so people jump into them and forgot about LTC, I was watching selling walls getting eaten trying to prevent LTC from getting over $10, that didnt work so they moved and started pumping other alts to steal the attention.
53.
Post 3713534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.29h):
Altcoins behaving weirdly. NVC jumped from $8 to like $26 is a couple of minutes.
It's called BTC-E is just 5 guys on a perma pump-and-dump binge.
yes they just want to take attention from LTC and driving losers to invest in NVC, TRC and FTC, they pump them so people jump into them and forgot about LTC, I was watching selling walls getting eaten trying to prevent LTC from getting over $10, that didnt work so they moved and started pumping other alts to steal the attention.
NVC is one coin I never thought would make it with that enormous premine. So weird that people want to own that.
the whole order book was only 2400 coin, it was easy to buy it all to take the attention away
54.
Post 3740266 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.29h):
we are back 996
55.
Post 3740290 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.29h):
you have been all goxed hahahahah 1000+ already
56.
Post 3740939 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.30h):
silence ..... so everyone is watching carefully and waiting for fast move hahahahah
57.
Post 3742357 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.30h):
it is 22:10 and I am so excited that I cant go to sleep, tomorrow I have to wake up early but alot of things happening that I dont want to miss, Bitcoin over $1000 and Litecoin at $31.
I am a bit angry at my self though for doing many mistakes before, I sold so many coins.... if I just saw this coming, I thought it would take much time, but I see people having big interest and believing in the concept, even my ignorant co-worker is researching and asking me tens of question...
58.
Post 3792208 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
I am really curious about this crash/correction, will it settle at 900 or less ? lets all watch and see
59.
Post 3792237 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
few hours and US wakes up, what will happen then ? 800 ? hahahaha
60.
Post 3795300 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
the dump has already started, I think we may visit 800 or less today
edit: the buy support is amazing but I do not know how long that will hold
61.
Post 3795386 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
Bitcoin price expected to go down till 480$ and then go up to an all time high
expected ? based on what ?
62.
Post 3795631 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
it seems that we are up from here.... or not ?
63.
Post 3796973 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
something strange is going on with gox, or bitcoinity is not working well 
and bitcoinwisdom shows 
64.
Post 3797009 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
yes Bitcoinity is not working, so if I am looking at the right data
65.
Post 3797785 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
I am trying to convince my self that we will see the price only going up but I fail to back my thoughts with real facts, it looks like we are loosing support and bringing the price under $1000 wont be that hard
66.
Post 3798751 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
529 BTC at 1100 were bought
67.
Post 3798768 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
I have a feeling that this is the buy in before the big dump, you know to get people confident so they can put more orders that he cant eat up later
68.
Post 3810754 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
I know this thread is for Bitcoin, I've been here for three years so don't give me shit. A lot of you have Litecoin too.
Do any of you know if there is a chart like
http://trading.i286.org/ or
http://bitcoincharts.com/ for Litecoin that can be accessed on a mobile device? I would like something that refreshes quickly and tracks BTC-e current price. Thanks in advance.
69.
Post 3811941 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass
70.
Post 3812030 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass
BTC-e compliant, lol
believe it or not yes you cannot deposit or withdraw FIAT without providing an issued ID by your government and a prove of residence
71.
Post 3817252 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
No walls are holding price down atm. Buyers are just waiting and sellers holding. Indicators spiking up without significant price increases to show. Last time we dipped, we had this lull above ATH, now its below.
I am all cash now.
3948 BTC to bring us to $1085, and only 1795 BTC to bring us to $1200, seems fair support to me
72.
Post 3823915 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
No walls are holding price down atm. Buyers are just waiting and sellers holding. Indicators spiking up without significant price increases to show. Last time we dipped, we had this lull above ATH, now its below.
I am all cash now.
Someone buys 700+ coins @ Gox. Follow up: 0.0.
I declare this market dead
Are you still bearish?
I will move the way the market moves. Not much right now, I would say.
you went all cash, you are afraid if the train will leave you behind this is why you have that feeling or hope that the price will crash and you still catch up, to be honest I wasn't sure as well so I cashed out %15 of my Bitcoins before the crash and now I am worry free, If there will be some correction after a new ATH I don't really mind it
73.
Post 3825003 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.31h):
well people chill out, I think that we are spending too much time monitoring the progress when Bitcoin has proven continuous growth over time ..... I was watching this video and it moved a deep feeling
http://www.youtube.com/watch?v=T3JzcCviNDk
74.
Post 3832558 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
what the F is happening ?
75.
Post 3832603 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
we are dipping so hard, I wont take any action, to risky to do anything now
76.
Post 3832743 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
I cant wait to see the reaction of people who sold now when the price recover
77.
Post 3832838 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
hahahah Price is bouncing back... who did panic and lose some money today ? just be honest you people never learn anything
78.
Post 3832998 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
here is the full translated statement (google) which is 2 day old (from before yesterday), It is interesting how they brough up this only today and how they understood it (or changed its means)
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.htmlTo protect the property rights and interests of the public, to protect the legal status of the yuan currency to prevent money laundering risks and maintain financial stability, the People's Bank of China, the Ministry of Industry and Information Technology, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission have jointly issued the "People's Bank of China Ministry of Industry and Information Technology of China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission on the Prevention of Bitcoin risk notification" (Yin Fa [2013] No. 289, hereinafter referred to as "" Notice "").
"Notice" clearly the nature of Bitcoin that Bitcoin is not issued by the monetary authorities, such as not having sex with mandatory legal tender currency property, not the true meaning of money. From the nature point of view, Bitcoin is a specific virtual goods, does not have legal status and monetary equivalent, can not and should not be used as currency in circulation in the market. However, Bitcoin transaction as a commodity trading behavior on the Internet, ordinary people have the freedom to participate in the premise own risk.
"Notice" requirement, at this stage, financial institutions and payment institutions are not allowed to Bitcoin price for the product or service, may not be sold or traded bitcoins as a central counterparty shall not be covered with bitcoin-related insurance business or insurance will be included bitcoin range not indirectly provide customers with bitcoins other services, including direct or: to provide customers with Bitcoin registration, trading, clearing and settlement services; accepts bitcoins or bitcoins as payment and settlement tools; carry with bitcoins RMB and foreign currency exchange services; conduct Bitcoin storage, hosting, mortgages and other services; issue with bitcoin-related financial products; would bitcoins as trusts, investment funds and other investment targets.
"Notice" requirement, as the main trading platform Bitcoin Bitcoin Internet sites, should be based on the "PRC Telecommunications Regulations" and "Internet Information Services", shall be filed in the telecommunications regulatory agencies. Meanwhile, for the Bitcoin has a high risk of money laundering risk and used by criminals, the "notice" requirement in accordance with the requirements of the relevant authorities, "the PRC Anti-Money Laundering Law" and earnestly fulfill customer identification, suspicious transaction reports and other statutory anti-money laundering obligations, effectively preventing money laundering associated with Bitcoin risk.
To avoid Bitcoin and other virtual goods by a "virtual currency" in the name of excessive speculation, harm the public interest and the Renminbi, the lawful currency status, "notice" requirement of financial institutions, payment institutions in their daily work should be the proper use of money concept, focused on strengthening the Education of the public currency of knowledge, the correct understanding of the currency, a correct view of virtual goods and currencies, rational investment, the reasonable control of investment risk and safeguard their property and other concepts included in the content of financial literacy activities, and guide the public to establish a correct concept of money and investment philosophy.
In the future, the People's Bank will be based on their responsibilities and continue to pay close attention to the movements of Bitcoin and associated risks. (End)
Accessories:
People's Bank of China Ministry of Information Industry and the China Banking Regulatory Commission
China Securities Regulatory Commission, China Insurance Regulatory Commission
Notice on guard against the risk of bitcoin
Recently, a calculated through a specific computer program called "Bitcoin" (Bitcoin) caused widespread concern in the international community, the country also has a number of agencies and individuals with the opportunity to hype Bitcoin Bitcoin and related products. To protect the property rights and interests of the public, to protect the legal status of the yuan currency to prevent money laundering risks and maintain financial stability, according to "People's Republic of China People's Bank Law", "PRC Anti-Money Laundering Law," "Law on Commercial Banks "" relevant laws and regulations of the PRC Telecommunications Regulations "and other relevant matters are hereby notified as follows:
A correct understanding of the properties of bitcoin
Bitcoin has no central issuer, limited amount, using four main features without geographical restrictions and anonymity. While Bitcoin is called "money", but because it is not issued by the monetary authorities, such as not having sex with mandatory legal tender currency property, not the true meaning of money. From the nature point of view, should be a particular Bitcoin virtual goods, does not have legal status and monetary equivalent, can not and should not be used as currency in circulation in the market.
Second, financial institutions and payment institutions may not conduct business associated with bitcoins
At this stage, the financial institutions and payment institutions are not allowed to Bitcoin price for the product or service, may not be sold or traded as a central counterparty bitcoin not associated with underwriting insurance business or Bitcoin Bitcoin into the insurance coverage shall not directly or indirectly, to provide customers with bitcoins other related services, including: providing customers with Bitcoin registration, trading, clearing and settlement services; accepts bitcoins or bitcoins as payment and settlement tools; conduct Bitcoin exchange with RMB and foreign currencies services; conduct Bitcoin storage, hosting, mortgage and other services; issue with bitcoin related financial products; would bitcoins as trusts, investment funds and other investment targets and so on.
Third, strengthen the management of Internet sites bitcoin
The "PRC Telecommunications Regulations" and "Internet Information Services", provides Bitcoin registration, transaction services such as Internet sites should be filed in the telecommunications regulatory agencies.
Telecommunications regulatory agencies to identify and punish according to the views of relevant administrative departments, shall be closed down on illegal Internet sites bitcoin.
Fourth, the prevention of money laundering risks that may arise bitcoin
People's Bank of China should pay close attention to the various branches of Bitcoin and other similar anonymous, cross-border flow of convenient features such as virtual goods movements and posture, carefully judged the risk of money laundering, research to develop targeted preventive measures. Agencies should be set up branches and offer Bitcoin registration, trade and other services in the area of anti-money laundering regulation into law, and urge them to strengthen anti-money laundering monitoring.
Registration provides Bitcoin transaction services such as Internet sites should earnestly fulfill anti-money laundering obligations, the user identity identification, registration requires users to use their real names, registered name, identity card number and other information. All financial institutions, payment institutions and to provide bitcoin registration transaction services such as Internet sites, such as suspicious transactions with Bitcoin and other virtual goods related, shall immediately report to the China Anti-Money Laundering Monitoring and Analysis Center, and with the People's Bank of China's anti- money laundering investigations; found using bitcoins for fraud, gambling, money laundering and other criminal activities clues, should be promptly reported to the police.
Fifth, strengthen the education and knowledge of the investment risk of the public money tips
Departments and financial institutions, payment institutions in their daily work should be the proper use of money concept, focused on strengthening the education of the public currency of knowledge, the correct understanding of the currency, a correct view of virtual goods and currencies, rational investment, reasonable control investment risk, maintenance own property and other concepts included in the content of financial literacy activities, and guide the public to establish a correct concept of money and investment philosophy.
The financial regulatory agencies can develop relevant implementation rules in accordance with this notice.
Please People's Bank of China Shanghai headquarters, branches, business management department, the provincial capital (capital) city center branch of this notice will be forwarded to each of the local financial institutions and payment institutions within the jurisdiction. The new case was found during the execution of this notice, the new problem, promptly report to the People's Bank of China.
Contact: Zhang obsessed, Tel 010 -66194489
People's Bank of China
Ministry of Industry and Information Technology
CBRC
SFC
CIRC
December 3, 2013
79.
Post 3833064 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
People are still panicking over 57000 BTC coming to exchanges ? waiting for the 3-6 confirmations, this means the price could crash even more
80.
Post 3833248 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
People are still panicking over 57000 BTC coming to exchanges ? waiting for the 3-6 confirmations, this means the price could crash even more
These people could also very well calm down, read the news fully and formulate their reaction after seeing the initial sell off. Most of these people don't want to sell at the bottom either so there are no guarantees right now.
How do you know that money is going to the exchange? The "total sent" is pretty low for the last days standards.
Isn't there some tool trying to launder 96k BTC right now?
Exactly. In fact the "total sent" has been insanely high for the last couple of weeks.
ok I checked the last 10 blocks and I see a range from 300-5000 BTC depending on time between blocks, but 24000-36000 is happened only the last hour, yet it doesn't mean that people will sell on exchanges, it is only a speculation on my side
81.
Post 3833562 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
it will take us weeks to recover from this price, selling orders being add at really low prices, and I do expect the price to drop even lower, we might visit 500 today if the selling keeps this way.
I am not selling a satoshi I was in for the long term and I am still in, it just really hearts that I cant take advantage of this situation as I have no money on exchanges to spend
82.
Post 3833622 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
Last time we crashed we visited 840, I am really curious where will settle at this crash. and when USA wakes up how will they behave sell or buy or hold ? interesting day !!!
83.
Post 3833931 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.
lesson learned the hard way, never sell when a crash appear, the engine will lag so hard that you can do anything, I've learned my lesson the hard way in April and will never do it again, you try to make some profit and you will be left behind then you have to buy at a loss
84.
Post 3834067 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
ok guys calm down the whole story is covered now at coindesk, there is no bad thing about the statement people are just panicking because of the media bad coverage which is nothing new
read the full article here
http://www.coindesk.com/price-crashes-china-outlaws-bitcoin-financial-institutions/the price of bitcoin fell over $300 this morning after China’s central bank warned financial institutions to steer clear of the digital currency.
According to the bank, it doesn’t consider bitcoin a threat to China’s financial system, but it does believe the digital currency carries risks.
“The concern is that it interferes with normal monetary policy operation,” Hao Hong, head of China research at Bocom International Holdings Co. in Hong Kong, told Bloomberg.
“It represents an unofficial leakage to the current monetary system and trades globally. It is difficult to regulate and could be used for money laundering. I think the central bank is right to make this move,” he added.
The central bank justified its position by stating that its goal is to prevent money laundering and other risks associated with bitcoin. Aside from the warning, the bank has stated that it will require all trading platforms that trade in virtual currencies to register with authorities.
While the central bank is telling the nation’s banks not to deal with bitcoin, it said individuals are free to buy, sell and use bitcoin, if they wish, but they must take on the risk themselves.
On a positive note, the bank didn’t ban trading platforms, such as BTC China, from dealing with bitcoin and other digital currencies, it merely said these companies have to register with authorities.
Although the bank clearly stated that it will allow individuals to freely use bitcoin, the announcement has already caused a massive price drop on several exchanges, namely BTC China. In heavy volume trading earlier this morning bitcoin lost roughly ten percent of its value in a matter of hours.
The opening price on BTC China was 7,005 CNY, but it quickly shed more than 10 percent, with the lowest bid coming in at 4521 CNY. At press time the latest price on CoinDesk’s Bitcoin Price Index was $889.01, with a daily change of -22.5 percent, or $257.23.
Although the total value of bitcoins in circulation is dwarfed by national currencies, Chinese authorities seem to be taking the issue very seriously. Many Chinese citizens are investing their savings in bitcoin and some even argue they are basically hoarding the currency. This also represents a risk in terms of price fluctuations, as many speculators have no qualms about leaving the market at the first sign of trouble.
The latest government notice effectively prohibits financial institutions and payment institutions to place bitcoin prices on products or services. They cannot be involved indirectly, either. They are barred from providing bitcoin related services, such as registration, trading or clearing. Moreover the decision to introduce compulsory registration could have a far reaching impact on China-based trading platforms.
The notice mandates all trading platforms to register and it also brings up the potential use of China’s anti-money laundering legislative framework to identify all customers and suspicious transactions. The notice states that the measure will “effectively prevent money laundering associated with bitcoin.”
The notice went on to state that bitcoin is not legal tender and that it is “specific form of virtual goods” without a clear legal status and monetary equivalent. It described bitcoin and other virtual currencies as a potential risk to the public interest and the Renminbi, due to excessive speculation. It also called on authorities to do more to educate the public about virtual currencies in order to provide them with a better understanding of such currencies and the risks associated with them.
The central bank also stressed that it will continue to pay close attention to bitcoin price fluctuations in the future.
Stay tuned for more updates to this story.
85.
Post 3835660 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
I like the title
BOOM: A Major Wall Street Bank Just Initiated Coverage On Bitcoin And Identified A Fair ValueRead more:
http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12#ixzz2mbfjaSfsthey are taking us more seriously, every day passes we see more attention from important people,organisations,markets...
86.
Post 3836150 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
CNBC covered the Chinese statement in a better way, not like other reports "Bitcoin banned"
http://www.cnbc.com/id/101249450
87.
Post 3836571 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
What are the chances of Chinese banks boycotting btcchina and other exchanges now? I can imagine the banking partners of btcchina getting antsy at this news.
I don't think so, they will be loosing allot of money and many customers start switching to other banks, the statement doesn't forbid such transactions, it was clear that individuals has to take risks when dealing with Bitcoin which is not new. we always took risks on our own bitcoin investment.
till now Bitcoin was used as commodity more than a virtual currency and till now we didn't see any bank using Bitcoin for transactions or anything related, so I really do not understand where the panic come from.
Bitcoin wasn't in the black nor the white area in china it was in the gray area, now this issue has been addressed and bitcoin is in the white area, people can buy it sell it trade it and use it as a commodity.
I see this new really positive, though the ban for organizations from using bitcoin came a bit surprising, yet understandable, do not forgot China has a record in banning websites,firms and related technology businesses, so the statement is really positive, I was afraid that they will ban Bitcoin as the whole concept.
give it some time and it will settle, people still don't understand what is going on, or rather shocked.
88.
Post 3848523 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
89.
Post 3848559 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
was mentioned before, turned out to be old news from june
I've read this only today !! if this will work out, bitcoin will be available for the average consumer, people who doesn't know how to use an exchange will have the chance to invest as well.
90.
Post 3848602 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
425 btc sell wall on bitstamp at 985
And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me.
really , how do you mean they block all bitcoin deposit ?
Edit: I am logged into my account and when I choose Bitcoin deposit I don't get any warning or what so ever!!
91.
Post 3848647 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
425 btc sell wall on bitstamp at 985
And bitsamp is blocking all bitcoins deposits as well. Very scammish if you ask me.
really , how do you mean they block all bitcoin deposit ?
I've sent bitcoins to my account hours ago, 20+ confirmations and not credited. The same for other people apparently. And the same for bitcoins withdrawals.
In the meantime the price is going down slowly, I was planning to sell at 1009.
wait I will talk to them now and see if they answer
92.
Post 3848827 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
Discovering margin trading helped a lot too. I don't even really have to sell or think about when to sell my core position. I just wait for any kind of a sharp drop and then as soon as high volume support starts kicking in I buy a huge margin position using my btc as collateral. Then as soon as the immediate bounce is over I close the position, take the ~15% profit, and buy more bitcoins to add to my core position. I might not be getting the most profit on the margin position possible but it covers my ass both in event of an uptrend or a downtrend. It's kind of a compromise between buy and hold, since I'm never actually selling any 'real' bitcoins.
You need to earn 15% profit in a row for 40 times to get 25000%. That's really amazing.
How many flash crashes do we have since April?
Are you saying you smell bullshit? is that what your saying?
It is quite commendable, considering that a 1990s long-term pro trader like me could only increase the size of total stash by about 3% in the April big crash and 0.6% in the last weekend dip, among others.
sometimes I think that %90 of the members on the speculation sub-forum are trolling, I am looking now to charts of alts for the last 6 months period (since they are new users) and I am trying to figure out which alt could give that much income in the Alt/BTC ratio and I am failing.
so I would like to know how this user turned a 7 BTC investment to 150 BTC and still claims a prediction of 300 BTC. otherwise I am thinking of it as a pure trolling.
in my experience, buying and holding was the best strategy, I tried daily trading and ended up losing tens of BTC, the market is unpredictable and I was a real bad trader, I always waited to long or reacted too fast. so I did quit daily trading and it really paid off for me.
93.
Post 3849357 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
I was just talking with an employee at Bitstamp and he told me they had a broadcast delay, and everything should be working now, I can try send some BTC my self and report back, but BTW why didnt you open a ticket and if you did what kind of answer you got ?
94.
Post 3849419 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
I was just talking with an employee at Bitstamp and he told me they had a broadcast delay, and everything should be working now, I can try send some BTC my self and report back, but BTW why didnt you open a ticket and if you did what kind of answer you got ?
They take 2-3 days to respond to tickets. How did you contact them?
I live in the city where they operate and I know an employee personally, so I asked him.
just have some sense and be patient.
95.
Post 3849766 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
I was just talking with an employee at Bitstamp and he told me they had a broadcast delay, and everything should be working now, I can try send some BTC my self and report back, but BTW why didnt you open a ticket and if you did what kind of answer you got ?
They take 2-3 days to respond to tickets. How did you contact them?
I live in the city where they operate and I know an employee personally, so I asked him.
just have some sense and be patient.
Sure some sense and be patient. I don't know why I get nervous when I have $20000+ in bitcoins that disappear in Slovenia without any explanations. By the way your friend lied as it is still not working.
he didn't lie, deposit is working, it is simply going to queue in their Data base, and when they fix the problem that caused this, they will release your funds and you can do wherever you want. now opening tickets about the same known problem that hundreds of users are still reporting wont make any difference, in fact you will just waste their time with complaining about the same thing that they are already working on.
so yes be patient and everything will be cool.
96.
Post 3849971 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
As I was planning to sell at $1009 I suppose bitstamp will refund me the difference if by any chance the price is lower when my coins are credited?
really ? don't go full retard, you will panic sell now and later when price bounce back you will feel sorry, you know history repeat it self .
97.
Post 3851331 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
it worries me that the weekend is just starting and BTC is already crashing, but I am still confident I see a good buy support all the way
98.
Post 3851374 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
This ain't looking good for now lol.
I'm gonna hold on to the coins though. Guess no point in selling them now anyway.. It was 11% higher about an hour ago
never sell what is crashing and never buy when it is skyrocketing
99.
Post 3851461 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
we have a great Buy support @ mtgox
100.
Post 3851495 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
we have a great Buy support @ mtgox
Walls don't exist until their bought into, Warslawjsdjxcd said so.
when mtgox engine start lagging like there will be no tomorrow good luck to whoever owns that wall
101.
Post 3852189 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.32h):
shit the weekend didnt even start yet
102.
Post 3853595 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
in this case I am gonna say it guys, it wont heart if you take some profits before it is late, we came from $100 to $1240 in 2 months....
103.
Post 3853868 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
some one desperately trying to save the price by putting 870 buying walls, the bad news is that few thosedns of these walls got eaten in seconds
104.
Post 3853899 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
fuck no one is stopping this one
105.
Post 3854016 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
gox engine looping ? WTF
106.
Post 3854136 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
it is working now
107.
Post 3854175 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
you all got Goxed hahahahaha
108.
Post 3854640 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
after the damage that Mtgox has done to BTC they should just shutdown. 2011 and April an now December....
109.
Post 3854802 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
guys this is really fishy... I see massive buys on other exchanges!!! do you think this was all played ? create some panic people start selling and some big hands eats the weak hands ?
110.
Post 3855235 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
no Guys you suppose to dump now,
after I sold
111.
Post 3855990 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
I do not know why I have the feeling that from here the price will skyrocket !!!
112.
Post 3856880 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
113.
Post 3863483 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.33h):
114.
Post 3864811 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
you know what is funny, that there is allot of people on standby waiting to buy in/back , but they doesn't know exactly when, they are not sure to wait for it to drop even more or buy now before it will raise, the problem is if it start dropping they will still wait because no one knows where the bottom is.
but I know when they will buy, when the price start raising so fast they will know that they missed the train and they will start desperately buying back, by this they make the worst decision ever.
I've learned my lesson, sell when you think it is high and buy when it drops, if you are a bad trader like me, just hold, holding is the best strategy if you dont have time to watch this thing all day and/or if you lack trading knowledge, basically when it crashes/corrects just stop and take a day or two off so you wont fuck up.
115.
Post 3866561 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
my prediction is that from this point we will be going only up, why ? I don't know just a feeling, kind of the feeling I had yesterday that we will fall so hard...
116.
Post 3866609 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
my prediction is that from this point we will be going only up, why ? I don't know just a feeling, kind of the feeling I had yesterday that we will fall so hard...
There's no such thing as "only up".
shuuuu
, lets imagine there is
117.
Post 3868495 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
It is too stable to be cashing more, I think the crash has ended, the big sellers collected their money and everyone is past panicking now, the problem is that this happened over the weekend so no new money coming into exchanges except if people with weak hands decides to buy back. otherwise I don't expect any more huge action maybe the actual price +-50.
the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.
118.
Post 3868549 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
I have a 12 year old Renault Scenic works as charm, I love the cheap parts if I have to repair anything, however I own this car for sometime I hadn't to repair anything except the check that I have each 15000 KM and maybe the brakes I had to change.
my wife want even a bigger car, but I am not even thinking about changing this one, it is working and it is serving its purpose.
119.
Post 3868564 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.
I don't feel that what we have seen these days is a major crash.
1240-600 ? well looks like a crash or correction if you want to call it so
120.
Post 3868612 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
It is too stable to be cashing more, I think the crash has ended, the big sellers collected their money and everyone is past panicking now, the problem is that this happened over the weekend so no new money coming into exchanges except if people with weak hands decides to buy back. otherwise I don't expect any more huge action maybe the actual price +-50.
the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.
What do you think about mtgox btc actual volume (105,150 currently) ?
I think the volume is low because everyone is just waiting on standby, everyone sellers and buyers (yes I said buyers) want the price to go up, but no one wants to engage first we are all waiting something to happen.
in other words this crash brought some confusion even for the old professional traders, this are my thoughts...
121.
Post 3868691 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
wow annother big dump is happening now ... who said low volume before ? 1000+ BTC was just dumped, here is your volume, yet the price is still at 700
122.
Post 3868730 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
2K BTC was just dumped
123.
Post 3868739 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
wow the price still holding at 700
124.
Post 3868911 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
the most important thing is that this crash is not china related, I see the dumps happening only at gox, china holding really good... in fact I think that china who brought the price back
125.
Post 3869597 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
I am beginning to wonder if I am the only person here who does not live his parents, has a car which cost more than a thousand bucks, a nice sofa and er.... a girlfriend.
Maybe I am not nerdy enough and that's why I have not go as many coins as others seems to have
No , you're not:)
allot of members here are married and have kids and independent life
126.
Post 3875154 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
the ugliest thing is that is happening over the weekend, no money deposits and there is nothing we can do about it, except if you want to risk and sell now and wait the price to drop so you can buy lower there nothing else to do.
and I think this is what is happening the price wont go higher because allot of us are sitting and waiting for something to happen, or the other traders who are selling now to catch a lower price to buy back and I think the second ones are crashing the price....
If this price holds today tomorrow we will have a big race, we can jump from this price to over 1000 in a matter of couple of days
127.
Post 3875249 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
the ugliest thing is that is happening over the weekend, no money deposits and there is nothing we can do about it, except if you want to risk and sell now and wait the price to drop so you can buy lower there nothing else to do.
and I think this is what is happening the price wont go higher because allot of us are sitting and waiting for something to happen, or the other traders who are selling now to catch a lower price to buy back and I think the second ones are crashing the price....
If this price holds today tomorrow we will have a big race, we can jump from this price to over 1000 in a matter of couple of days
Why do we need more money?
All sold coins were traded with fiat money.
We just need more money when the price was not sustainable and that is still the case.
Price could dropt lower.
With new money the price will rise and a lot of buyers are going to taje profit > selling preasure
I bought @ 420-450 € this crash, so I'll sell 20-60% @ 700-800€.
sell to whom at 700-800 ? every one who bought at that price is holding Bitcoins, and everyone with cash in exchanges already bought at near bottom the same like you, we need fresh money in to push the price up
128.
Post 3875430 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
Not everybody. Still have 40% fiat @ exchanges.
It's allways good to have money to buy dips.
You're losing shitload if you have 40% of your stash in fiat while price go to the moon, then it doesn't much help to buy in dips.
Losing?
No! Probably you don't get it. It's not real profit till you sell. If everyone is going to sell @ 10k, there won't be 10k, rather 1$.
Btw I have a lot more then 40% in fiat/gold/appartments. Bitcoin is just my high risk playmoney. It will never be lifechanging, because I have a better life then 99.99% on earth.
I dont put my future in some genious pyramide scheme. Everbody can change his life without the money of others.
did you just say a pyramid, you my mirsad Bosnian or Turkish right ? it doesn't matter but you have no clue of what pyramid scheme is..... http://en.wikipedia.org/wiki/Pyramid_scheme
129.
Post 3875449 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
Not everybody. Still have 40% fiat @ exchanges.
It's allways good to have money to buy dips.
You're losing shitload if you have 40% of your stash in fiat while price go to the moon, then it doesn't much help to buy in dips.
Losing?
No! Probably you don't get it. It's not real profit till you sell. If everyone is going to sell @ 10k, there won't be 10k, rather 1$.
Btw I have a lot more then 40% in fiat/gold/appartments. Bitcoin is just my high risk playmoney. It will never be lifechanging, because I have a better life then 99.99% on earth.
I dont put my future in some genious pyramide scheme. Everbody can change his life without the money of others.
Your belief that your fiat/gold/apartments/BTC holdings makes your life better than 99.99% of the people on earth is pretty indicative of your horizon and take on life, which makes me personally think your life quality is pretty shitty compared to most people with views on life less focused on holdings and money.
+1
I don't know why people with shit load of money think that they win in life, I was raised in a poor family and I had the best childhood and memories, having more money didn't make me happier...
130.
Post 3875907 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
Mirsad, da te sada mama čuje.
Anyway, I think we are going down to 300 and not up to 3000.
bi njemo jaja odrezala hahahahah
131.
Post 3876321 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
a dump of over 1300+ BTC is happening now at Gox
and a sell wall of 900 BTC at 700, manipulators doesn't want to give up yet
edit: make it 1000+ BTC wall at 700
132.
Post 3876356 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
interesting that this happens only at gox, BTCchina holding so good, Bitstamp and BTc-e higher than gox ? talk about madness !!!
133.
Post 3876364 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
wow that 2600 BTC was instantly bought
134.
Post 3877714 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
stamp 730
gox 733
btce 734
And it was 'normally' easily 10% between Stamp and Gox, and no-one really thought that unusual, right?
Now it has been less than 1.5 % for some time.
Must be by design and may explain the hammering down of the Gox price to start the bot engine off... Only a theory, and they coudl all diverge in 10 minutes, but it just looks like they are much more closely linked now.
And it's Sunday - a good time withthin trading to start up, meaning you play the spread properly when the pro money kicks off on Monday having tested it out...?
Hmm....
EDIT: more like under 1.5% sorry
yes it is not usual that stamp or BTC-e are at the same or more than gox simply because it is a pain to get money out of gox so you have to buy bitcoins and withdraw them elsewhere...
135.
Post 3878268 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
Im not convinced yet that we surely enter a bear market from here, this is not typical bounce, first of all "crash" should have been deeper and the following bounce more violent. If halfway holds, I mean 128 - 650 - 1163 or isn't broke more than few times with bounce, then we maybe are still in bull market.
I agree
https://bitcointalk.org/index.php?topic=362406.0
136.
Post 3887167 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
told you so CHOO CHOO
137.
Post 3887875 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
seems like someone doesn't like the CHOO CHOO
138.
Post 3888208 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
seems like someone doesn't like the CHOO CHOO
LOL nope. Let it rise...but it is funny to see some people try to pull the market with them when gox's cred is dead last.
BTW it is only 9:56 here in Europe, so all fresh money didn't hit exchanges yet, banks start working at 09:00 so I expect a rally these couple of days, whoever is selling trying to push the price down will definitely miss the CHOO CHOO
139.
Post 3890041 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
well his show is really informative, but he is kind out of control, he reminds me of my SEM310 (analyse math) professor in university when he had the same explosion like keiser and sometimes said things that we were all like WTF
140.
Post 3890176 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
Fresh money should hit the exchanges (at least Bitstamp) within the next hour.
On the other hand, the current trend is slowly declining.
Will there be a rally..?
we will see a small raise on the price today, but the big move will be the next few days, many people are just about depositing today,also Wire transfer usually takes 5-7 days, so next days Bitcoin will fly especially if there wont be another weekend dump.
regardless, crashes/corrections are good for the long term health of Bitcoin, and we've got to know how strong the support we had in this weekend, so I predict the price will raise to a new ATH the next few days.
141.
Post 3890743 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
12000 Bitcoin to take us over $1200
142.
Post 3890771 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
12000 Bitcoin to take us over $1200
only 120 mil.
more or less.
I'm buying.
12 million to correct you, which is achievable in few days
143.
Post 3891307 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.34h):
144.
Post 3902735 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
145.
Post 3902792 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
this new member killed all charts with this over #"$$"!"!$$ kill informative Chart
How the fck its 3 days ago if it says November 7 idiot? Do you live on another parallel universe? Or are you back from the past?
Can you just end yourself for being stupid?
oh shit am I blind hahahahaha, but still for god sake in one month he spent 9 days and 8 hours hahahahahahaha and for god sake 1366 post in one month , doesn't he have anything to do ? like a normal life, doesn't he work sleep eat shower....
146.
Post 3903936 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
bad news guys, Bitcoin is going to die, this guy have some solid "statement" , also he is really angry about it I think we are F*?#d
http://www.youtube.com/watch?v=YycWNwtbaG8http://www.youtube.com/watch?v=qLLRCjGPz_Ihttp://www.youtube.com/watch?v=-E2VNe6Urbohahahahahahaah
147.
Post 3907962 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
guys I don't know if it was mentioned here, but the CEO of Paypal just endorsed Bitcoin and said he also owns some
http://news.cnet.com/8301-1023_3-57615080-93/paypal-president-david-marcus-bitcoin-is-good-nfc-is-bad/
148.
Post 3909064 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
who ever was waiting for the bottom , I am glad to tell you CHOO CHOO
149.
Post 3909181 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
feeling my way through the walls, guided by a beating bull, I cant tell where the journey will end, but I know where it start, they tell me I am too bullish to understand, they say I am caught to be in a dream, price will pass me by if I don't buy now, well that's not fine by me
SO wake me up when Its all over, when I am wiser and richer, All this time I was buying and didnt know I was lucky hahahahaha
150.
Post 3909365 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
some idiot trying to push the price back and he keep loosing coins hahahaha, the buysers just cant stop eating the walls
151.
Post 3909400 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.35h):
4000 BTC already bought, so many attempts to push the price back has failed yet...
edit: 3000+ not 4000 BTC
152.
Post 3918960 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.36h):
I don't get why the price is dropping !!! any bad news or just someone decided to cash out ?
153.
Post 3919150 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.36h):
we are back to yesterdays price .....
when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price.
I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works.
154.
Post 3919695 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.36h):
it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility, they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.
if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....
155.
Post 3932513 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.36h):
I seriously can't believe people are still trading on MtGox.
I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
Mtgox also has the highest price (and much volume/depth) and I am able to withdraw euro (or simply wait for price to equal any other exchange which happens occasionally). If I'm going to sell, it makes sense to sell for the highest price I can get.
In conclusion I like gox, and I feel that my funds are safe with them.
Goxxing doesn't bother me so much, yes it can be annoying, but trust is more important for me (but i don't trade a lot anyways). I think btc-e is great, low fees, many trading opportunities, but I don't trust them as much (or more precise I'm fearing that they will eventually be targeted by law enforcement).
How can you trust gox? How many times they have promised to do something and then just not done it? Only thing they have done is to be there, but that's only because people are willing to pay that outrageous fee and doesn't mind that they are ass raped in every major movement, Mark is doing
a lot of money.
0.60% fee should be enough for everyone to fuck them off. It's scandalous fee.
I'd say 100% fee is much worse.
(i wish mtgox would change their fee schedule to account for usd instead of btc though, but I have less than 0.5% fee at least)
You would have 0.2 on stamp and isn't stamp worth more trust?
I don't trust bitstamp more, I know they are located in the UK, but I don't know much about the owners. Did they apply for the appropriate licenses ? the reason gox is having withdraw delays (from what I understand) is that they are trying to get licensed, if bitstamp doesn't go that route it does come with a decent amount of legal risk. The price on bitstamp is very low compared to gox, but every now and then the price evens out, why sell at bitstamp when you can sell for $100 or even $200 more on gox? $100 extra makes the 0.6% fee looks like silly money.
Then there was a very critical security issue discovered in bitstamps trading engine , did that get fixed yet?
Another reason that doesn't really apply to their trustworthiness is that I can't use their 2 factor authentication atm, while with gox I have a yubikey. Not having 2 factor makes me feel more uneasy about keeping large sums on any exchange.
If I'm not mistaken, they are located in Slovenia, not the UK.
Bitstamp Offices are located in Slovenia, in fact their offices are 10 min away from where I live, and the company was registered in Slovenia but they changed to UK this year, I think because ow the lower Taxes and better regulations there. and yes they are licence money exchange... and what critical issue you are talking about? I've never heard of any !!!
I do trust Bitstamp more than gox, I never had any issue with them, and your statement about the owners is not valid, Nejc CEO of bitstamp is a member of the forum since 2011, hazek is moderator on this forum and damjan is also known here around.
156.
Post 3932532 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.36h):
Mirror Mirror on the wall, who's the richest bitcoiner of them all?
satoshi
157.
Post 3937646 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.36h):
just to add a comment about the Total sent coins in blocks, the last few weeks the number of transactions has noticeably increased, I don't think that it has anything to directly do with dumping coins in exchanges but it means that the network is growing really fast and this means that Bitcoin is becoming a real tool for transferring value and people more people/merchants started believing this.
the last Bitcoin-qt client update prove this, the block size limit was increased just because of that.
I had to reduce my coin holding because of personal situation, I had to study and change my strategy, but reading the latest news makes me more confident that bitcoin will be more successful next year...
the EU banking system news, the wall street news, merchants and users increase, the media cover..... this means only one thing, Bitcoin will skyrocket next year.
158.
Post 3959757 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.37h):
no weekend dump ? price is stable for the whole week, a bit disappointing
....
159.
Post 3989061 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.38h):
china is sinking 4888 already
160.
Post 3989071 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.38h):
4820 and going down so fast
161.
Post 3989089 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.38h):
4790 and still dropping
162.
Post 3989113 (copy this link) (by mmitech) (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
163.
Post 3989161 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.38h):
well I am really surprised how people are not panic selling, I am sure most of people learnt the lesson the hard way
164.
Post 3989765 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.38h):
so much red all around .....
165.
Post 3990536 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
166.
Post 3990570 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
So, who's moved their coins already?
I am considering it.
I did send half to bitstamp, waiting for a clear picture....
167.
Post 3990784 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?
big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip
well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
168.
Post 3990832 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
You do realise how illogical this is?
maybe for you yes, but waiting for a recover is making me more nervous, now I feel a bit relief, but you do whatever you want, you do not have to agree on anything I say....
169.
Post 3990921 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?
big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip
well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
i bought before $20 but that doesnt mean anything, that was past, ahead is the future, in this case the risk is way bigger than the possible gain so im sry for your likely loss
loss !!! I cashed only half of my coins, and guess what my buy average is around $70, I still made 10 more than I paid, still think it is a loss ? now I dont care which way the price is heading because it is a win win situation for me
170.
Post 3990971 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
You do realise how illogical this is?
maybe for you yes, but waiting for a recover is making me more nervous, now I feel a bit relief, but you do whatever you want, you do not have to agree on anything I say....
It's your money you will need a horrible drop before you can trade profitably to gain any worthwhile amount of coins.
Personally I feel - if you have not already sold, you are likely to be too late to benefit.
I am just waiting to buy my last couple of coins back and I will will be all in again - it will take a lot more than this to see us below 800 today.
If I am wrong and you are right - I am apologising in advance - but this 'news' is only 'rumour' right now.
as I said before, now I am at a good position, I can play on both scenarios, price go down equal win, price go up equal a better win
, no more pressure...
171.
Post 3991064 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?
big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip
well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
i bought before $20 but that doesnt mean anything, that was past, ahead is the future, in this case the risk is way bigger than the possible gain so im sry for your likely loss
loss !!! I cashed only half of my coins, and guess what my buy average is around $70, I still made 10 more than I paid, still think it is a loss ? now I dont care which way the price is heading because it is a win win situation for me
likely scenario is that price goes up from here at least a little and that means you're losing with 50% of your stash, its an error to think when you bought, its an error to sell at oversold market
I dont think so, Bitcoin is unpredictable, there is also a scenario when the price could drop to $70, we all know that is also possible, we have been saying it is going up from here for 2 weeks now, but all I see is the price slowly dropping, and I am sure I wont regret my action, I still have many Bitcoins to play with
172.
Post 3991102 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
Stamp already below 800
173.
Post 3991176 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
and 775 @ stamp, I knew I did the right move ...
174.
Post 3991187 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I still think it will go lower, I will be preparing orders around 650-700
175.
Post 3991425 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I was wrong, the FUDs not over
the day is just starting, I still think that we will be testing more lows..
176.
Post 3991475 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
Is BTCChina frozen? Bitcoinity isn't show me trades from anything more recent then 10 minutes.
there is some delay yes
177.
Post 3991602 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
people keep lowering their bids on gox ...
178.
Post 3991713 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
wow, I think even 700 is optimistic looking to this crash, we might gow below 600 if it continue this way
179.
Post 3991797 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
well I am not convinced yet, I think it is a little bounce to gather bids up, than a dump will follow..
180.
Post 3992265 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
sold 60 BTC at avg 780 at stamp bounce, i was wrong earlier, but luckily my trading is not based on my predictions, but to reacting what happens
I am sure it will still drop, people are reacting to the change, they start buying thinking they will miss the chance if it will go up, but watching these days the price dropping makes me almost sure it will continue, there were so many good news and no bad news at all, but again price still drops.
we went too fast from the low of $85 in the 1st of October to 1242 in only 2 months, even the one who bought at 120 would think to cash some of the profit, so what do you think of people like me who bought some stash earlier ?
it will bounce back than test 700 than bounce back then test 600, than we will see what will happen after that.
181.
Post 3992646 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
np, we will see, im happy buying back at loss as always
well if you wait enough you wont be making any loss, it will be stable for some time here than it will drop again, either ways I am happy that I sold out half of my coins, I am not worried at all, I could buy back now with profit but I think we are still away from the low...
182.
Post 3992809 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
The Bitcoin price has dropped to much !
If this trend will continue, no ASIC delivered in Q1 2014 will have any ROI..
there will be no ROI on Bitcoin terms no matter what the price is, I have been telling people for so long to buy bitcoins instead of investing into ASIC hardware, the only one is profiting if the manufacturers.
if you buy bitcoins and the whole concept fail you lose everything, if you buy ASIC hardware and the whole concept fail you also lose everything, you cant use that hardware for something else, it is designed for bitcoin only. in fact you may be better off buying bitcoins, because you can cash them anytime you want, but owning with owning the hardware you have to wait to mine some to cash out.
183.
Post 3992829 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
np, we will see, im happy buying back at loss as always
well if you wait enough you wont be making any loss, it will be stable for some time here than it will drop again, either ways I am happy that I sold out half of my coins, I am not worried at all, I could buy back now with profit but I think we are still away from the low...
Yes but the low of the week or this hour? :-) China is already back up to 4720. So the news wasn't so terrible- yet.
ooh don't worry, it will fall, in fact it is at 4680 now, and no it is not news related, it is people deciding to collect some profits wink wink if you know what I mean
184.
Post 3992865 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
bought back 30 BTC at 755, riding the wave, i have done this many times before so don't be nervous about my coins
EDIT. and another 30 BTC at 752
you will regret it
edit: I mean I think the price will drop even more
we will see ...
185.
Post 3993360 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
it is still early for me to buy back, maybe I will wait for 600-650 if this wont happen, than I will withdraw my cash
, But I am still not convinced about going up, I think we will be testing the 600 today-tomorrow
186.
Post 3995087 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
well the party will start just soon, we will test lows and we will stay there for some time, so don't worry about missing buying cheap coins....
187.
Post 3995102 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
bid filled! bid filled!
seriously guys wtf why did you all panic sell? i do not understand....
you will know in few hours
188.
Post 3995140 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
bid filled! bid filled!
seriously guys wtf why did you all panic sell? i do not understand....
you will know in few hours
you gana fill more of my bids
your to kind.
dont worry I already sold before it 800
189.
Post 3995193 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
China is dumping hard. Gox is strong as steel
wont be for so long, just watch out
190.
Post 3995233 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
Stamp going down too.
oh we will test that 600 or even less for sure, and we will stay there for some time, no one will miss buying, I have been telling you guys in different ways since 850 but no one took it seriously
191.
Post 3995380 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
we may re-bounce back a bit higher, more bids will gather up and another dump will follow, this will keep happening until we come around 550, than we will see what will happen.
BTW did you guys check the large holding addresses? just saying you might want to check to know it there will be a dump...
https://blockchain.info/block-index/450664/00000000000000024d09ff423078677325768857451fd055888d4d2794075d64Edit: tighten your seat belts guys ...
192.
Post 3995437 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
looking to this block
https://blockchain.info/block-index/450664/00000000000000024d09ff423078677325768857451fd055888d4d2794075d64watch transactions, multiple 1500 and 1600 BTC going to exchanges, I am looking to the address, anyone can confirm if it is from mtgox or stamp, I will try to look up that my self
193.
Post 3995471 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
this tx happend in germany
bitcoin is money in germany
this! is FUD, i'm buying ....
( ok i'm a little scared so i place bids
)
I am 50% Bitcoins and 50% fiat, either way it will be a win situation for me up or down
194.
Post 3995588 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
ok I see huge transactions to exchanges, there will be a small panic sell, than people will calm down, than another dump... and why Keiser is not crying about the price BTW ? interesting...
195.
Post 3995617 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
ok I see huge transactions to exchanges, there will be a small panic sell, than people will calm down, than another dump... and why Keiser is not crying about the price BTW ? interesting...
Lotto numbers for this weekend?
I wish I knew
196.
Post 3995641 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
197.
Post 3995667 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
198.
Post 3995679 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
So, what's your point really?
That's same bitcoins that were transferring around in single transaction 2-3 weeks ago.
FBI coins probably.
yes "FBI" coins
199.
Post 3995700 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
gox not working ?
200.
Post 3995757 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
So, what's your point really?
That's same bitcoins that were transferring around in single transaction 2-3 weeks ago.
FBI coins probably.
yes "FBI" coins
FBI or Winklewosses...
Same amount of coins were moved in a single transaction 2-3 weeks ago and it was posted here like 300 times.
You really think someone is going to dump 170k coins at this market, lol. Of course you don't, you just think someone might buy it and dump his 20-30. each of them counts
of course not, if you look at the transactions you clearly see that the owner is using a mixing service, so you still think it is FBI ? and yes I believe a part of these coins will be dumped this is why the mixing service was used...
201.
Post 3995821 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
dont worry it will be still dropping, this is not a flash crash, we are all watching it slowly dropping, nothing unusual ..
202.
Post 3995897 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
another re-bounce than another dump will follow ....
203.
Post 3996000 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
well it is still early
the next dump will be even harder it will bring us lower than 600, I am still not buying it ...
204.
Post 3996048 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
205.
Post 3996059 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
BTCCHina to the moon in 3,2, 1...
still early my friend..
206.
Post 3996104 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
what is wrong with gox ? goxing again ?
207.
Post 3996118 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
ok the next dump will start
208.
Post 3996143 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
guys seriously, gox is lagging again ? I am not trading there, so people are you having problems ?
209.
Post 3996219 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
bids are pulling back, and another rebounce
210.
Post 3996239 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
this might be uglier than I thought
211.
Post 3996303 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
Most of China will be asleep right now, I wonder what will happen when they wake up to the news?
a bitcoiner never go to sleep when the volatility is playing like there will be no tomorrow, at least I dont
212.
Post 3996341 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
ok guys, now it really stinks
https://blockchain.info/block-index/450677/00000000000000032aa0dce724b68d1ca4385ceec6408c282561904a15b03becOutput Total 85,320.42507824 BTC
this is really scaring me now
4 blocks and more than 350K bitcoin, most of transaction were with mixing service ...
213.
Post 3996473 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think another dump will follow soon, we might visit 500 till tomorrow
214.
Post 3996523 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think another dump will follow soon, we might visit 500 till tomorrow
You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?
wrong, I am 50-50, but yes buy buy, the price is now going up. dont miss your last chance
215.
Post 3996586 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
I think another dump will follow soon, we might visit 500 till tomorrow
You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?
You guys say this crap every time bitcoin has continued to fall since $1250.
yes price dropp to 1100 people here " we will break ATH and further" than price 1000 and the same thing than price 900 and the same thing, people dont want to realize that we went from 100 to 1240 only in two months, this is damn fast if you ask me...
yes sure price did re-bounce back few times, but if you zoom out and look to the charts, we are correcting, slowly dropping and people are starting to realize that.
now I wish I am wrong, I still want to see my BTC worth even more.
216.
Post 3996620 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
sure, but not today my friend, buy and wait for that to happen.
217.
Post 3996844 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
3900 and counting down
218.
Post 3996920 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
3800 and still counting down
219.
Post 3996974 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
3800 and still counting down
A dead cat bounce down the stairs. There seems to be discussion that you can still withdraw your funds from exchanges, you just can't fund them. So we might be seeing people just cashing out and calling it a day.
well it will take us log time to recover, so I am not worried about missing to buy back...
220.
Post 3997139 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
C'mon... let's go down to 600$.
oh dont worry it will go even lower ....
221.
Post 3997180 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
3700 was broken we will fall so hard this time
222.
Post 3997302 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
ohoho, I'll give you a dollar for bottom info
still far, another re-bounce and a harder dump will follow
223.
Post 3997494 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
the next dump will start soon , I think we will go bellow 600 this time
224.
Post 3997695 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
another rebounce, but the dump didnt end yet look at this
https://blockchain.info/block-index/450701/0000000000000002ed7a702d90aca7373dc61e2a0ddd182092835fa95c2616a1and this
https://blockchain.info/block-index/450703/0000000000000001a951ed92e4391f8852b5056ff265232bb32192d331a8fb18still something doesn't feel right to me, now dont tell me it is normal, there was more than 600K bitcoin in the last 20 block, and all were using mixing service, now if you can explain that I will be really thankful
225.
Post 3997818 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
You're right, they were mixed. What the hell is up with that?
the first block appeared when price was still over 800, I told the guys that there will be a dump and I decided to sell 50% just to be sure, then all blocks followed and the dump started, there was a block with more than 170K and another with more than 80K and few with more than 50K....
I tried to follow the transactions but they were too long, so I dont know what the hell is going on, but I still believe that part of it was dumped....
226.
Post 3997870 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.39h):
Top two google translated non-stickied post in the chinese section of the forum:
"Capital feast seems to end, the next wave is what month"
and
"Tonight will be the most expensive time of your life sleeping"
More great quotes:
"If you are heavy sleep, woke up this morning may have no pants. "
and
"Alas, the landlord ah".
The last one is the most telling. "Alas, the landlord".
this was posted on the Chinese sub-forum ? I think we have to visit it more often
227.
Post 3998554 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I would think it would drop even more, but it seems stable, and might go even up now, but I dont want to try to do anything now, I think I will go to sleep now and wait till tomorrow to see what will happen...
228.
Post 3998605 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
So, will my bids at 426$ be filled or I am going to have to withdraw some cash and make my lady smile?
426 is a long shot, I was thinking about 600 , but you never now, watching the price now, I might even spend 50% of the cash and cash out the other 50%, so 75% coins with a good profit and 25% cash (sold at 820)
229.
Post 3998652 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
ok I think we will stay here -+50$ for few hours before the next move, will the price go up/down.... I dont know we will see about it
230.
Post 3998678 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
already bought, I made 7.44 BTC profit, not bad....
231.
Post 3999000 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
trap?
too high volume for a trap !! watching carefully, but I really should go to sleep now
232.
Post 4005340 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I think we will go up up up , to 1000 and maybe correct to 850-900 then the rally will start again
most important we did hit 600 as I predicted, most big players sold yesterday, so it is only weak hands playing now
233.
Post 4005367 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I think we will go up up up , to 1000 and maybe correct to 850-900 then the rally will start again
most important we did hit 600 as I predicted, most big players sold yesterday, so it is only weak hands playing now
No stupid, its the weak hands got shaken off. Big players have been buying like crazy. Did you watch the market at all?
hahahahah, go back to sleep!!! where were you yesterday when the price was 850 and we started discussing the crash before it happen, and it did , and we said it will go to 600 and it did......
234.
Post 4005434 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I think we will go up up up , to 1000 and maybe correct to 850-900 then the rally will start again
most important we did hit 600 as I predicted, most big players sold yesterday, so it is only weak hands playing now
No stupid, its the weak hands got shaken off. Big players have been buying like crazy. Did you watch the market at all?
hahahahah, go back to sleep!!! where were you yesterday when the price was 850 and we started discussing the crash before it happen, and it did , and we said it will go to 600 and it did......
I was way ahead when BTCchina started dumping.... I was the ONLY one that called inside trading when everyone said its fake .
But i've been watching the market, big walls on Gox stayed strong and there were even hidden walls (which indicates the dumps at 900-850 were basically buying back in. Yeah where was i?
long story short, I made 16.9% profit, not bad, I am at stronger position....
235.
Post 4005624 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I think we will go up up up , to 1000 and maybe correct to 850-900 then the rally will start again
most important we did hit 600 as I predicted, most big players sold yesterday, so it is only weak hands playing now
No stupid, its the weak hands got shaken off. Big players have been buying like crazy. Did you watch the market at all?
hahahahah, go back to sleep!!! where were you yesterday when the price was 850 and we started discussing the crash before it happen, and it did , and we said it will go to 600 and it did......
I was way ahead when BTCchina started dumping.... I was the ONLY one that called inside trading when everyone said its fake .
But i've been watching the market, big walls on Gox stayed strong and there were even hidden walls (which indicates the dumps at 900-850 were basically buying back in. Yeah where was i?
long story short, I made 16.9% profit, not bad, I am at stronger position....
Awsome, now you're willing to gamble one more time?
When there are market movers, you will not be lucky all the time....
I will take the risk, but this time I did deposit some cash into my account
I wont play with the bitcoins I made yesterday ...
just hope the price will drop a bit more
236.
Post 4007377 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I need to buy more, I sent some cash to bitstamp and still waiting... it is really taking long, I don't want to miss this chance, just wait for me to buy today than you can skyrocket if you want
237.
Post 4007607 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
so was the china thing FUD?
nope it wasn't, all third payment parties are forbidden from dealing with Bitcoin exchanges, but this is not new or maybe new to Chinese, why ?
when you use third payment processors to deposit/withdraw your funds from exchanges you actually somehow skip the regulation process, and verifying your transaction will be a bit harder than when dealing with a bank.
what are the third payment parties ? they are similar to PayPal, but the most famous are Yeepay,Alipay,Paypal.... the second part was the introduce of trading fee, exchanges are registered as companies and have to pay Taxes as well and this explain the sudden increase in fees.
it is nothing wrong with this news, Mtgox has cancelled allot of funding methods, Bitstamp doesn't support any of these methods, and it is good for regulators and doesn't mean the end of bitcoin....
give it few weeks and this will be clear and people will stop panicking, though the price make a bit longer to recover from all of this bad energy going around us, the price did rise too fast this is why this happening now, if the price went slowly up I am sure this wouldn't happen.
238.
Post 4007999 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
I have a strong feeling that we will be all up after few hours....
239.
Post 4009012 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
guys you have been doomed
http://www.btc38.com/btc/btc_market/476.htmland this
https://www.okcoin.com/t-1005042.htmland this
http://www.reddit.com/r/Bitcoin/comments/1t2mec/youve_been_duped_china_may_not_be_a_paragon_of/use google translate, I think they really succeed in spreading FUD.
all I know that I really took advantage of this situation and strengthen my bitcoin position
240.
Post 4012830 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.40h):
now I will say it, if you wont buy this week you will regret it in the next few weeks
241.
Post 4020910 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
Good morning guys, what the hell is happening, I don't want to read all 20 pages !!!!!!
242.
Post 4020954 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
hahahahahah I knew it will crash but but but I sold at 810-960 and bought back at 700.... I didn't expect to see $500
oh well fuck it I have more bitcoins more than I ever had at once, we will visit the $2000 soon, even if it take us 1 year I do not care
243.
Post 4021952 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
wow this is looking so ugly, uglier than I even thought, will we see 300 ? I am starting to worry even more, I am curious what people who bought at >1000 thinks now, this is going to be a really fresh and exiting news to dump all around the media....
244.
Post 4022041 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
Who here moves their coins from cold storage?
me now
245.
Post 4022611 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
Ok I made another cash deposit to bitstamp, I am just sorry that yesterday they proceeded my deposit the same day, I would buy really cheaper today
246.
Post 4023005 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
I cant keep up with reading all the pages, each time I check there is 5 new pages ....
247.
Post 4023545 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
Why does the price of LTC/BTC also tank during this? Is it because if you lose faith in BTC (with the BTC/USD price crashing) you loose even more faith in alts?
LTC is tied with BTC pretty much always since March (bar a short period of 2-3 weeks below it's huge rise recently).
Most coins are now tied with BTC unfortunately, and that's something new. They were usually going in opposite direction of btc and that's where big money could be made.
Yeah, an unfortunate trend. I was hoping the alt coins could be used as a hedge against BTC :/
They still could but not on the range they used to be.
Actually I'm moving over to LTC. People are panicking more in LTC then elsewhere. Means they will freak out more then elsewhere on the way back up.
I was thinking about the same, but the thing with LTC is you never know how long it will takes for it to recover, it can drop coordinately with BTC but it doesn't mean that it will do the same when BTC start rising and you will be stuck for sometime there (I was there many times)
248.
Post 4023820 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
I have larger holding of BTC than cash, but I really really wish that it continue falling, I made a deposit that might be credited to my bitstamp account today, I wish that the price will be less than 300 when I buy
yestedray I bought around $30K worth of bitcoins at 700, I just wished that that deposit was delayed for one day, I would have double bitcoins that I bought yesterday
249.
Post 4023932 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
please dont buy yet, I am wating for my deposit please wait the fuck up
250.
Post 4024094 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.41h):
Guys are you checking transactions in Blocks ? there is allot of coin mixing going on, each time the price falls down I check the blocks and I see so many mixing going on!!!! I am still curious of what is going on !!!!
251.
Post 4026265 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
I am so angry, I missed buying at 400, still waiting for my F$%#%$ deposit to be credited !!!!
252.
Post 4027056 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
now all in BTC
, I am 100% sure I wont regret my decision, I know that there will be ups and downs but in 2 weeks the race will start again
253.
Post 4027138 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
I have to admit that I was a really bad trader, I managed to lose more than 30 BTC on stupid moves not long ago, but this month was the most successful trading month for me ever, I managed to collect an amount of BTC that I had never have at once in the same wallet.
now all funds are in could storage and I don't give a F$%#/ about the price dropping more, now it is the waiting game
254.
Post 4027902 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
the order book looking so good, translation: we are watching a selling denial
I was talking with few friends and they are kicking them selves for selling, now they opened buy orders that may never fulfill.....
in the other hand: why the F%&$ BTCChina shutoff cash deposits ? I think this was intended, especially the silence for few day, now boby lee comes out and say "everything is Ok the price will recover" yes but who did benefit from this crash? and why ?
discuss ....
255.
Post 4028517 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
ref: rpietila / others who 'knew'
Did they just have 'better' information than us in terms of an early 'nod' on the news?
Maybe this has been raised in the last few pages - I confess I haven't got time to look back - but is it not possible someone knew someone, who knew what was about to happen?
To accurately say 'it will go down to 500' is pretty good.
Was it a timed assault of a wave of selling and the timing was lucky - or was it timed FOR the news once it was obvious it was coming (if you had the right information).
Questions, questions.....
really ?!! now you are at the denial stage ? I clearly told you the price was about to drop, but you all told me that I am a retard for selling at 850 remember ? well I bought some at 700-650-540, most epic trade I ever did.
30% regain
256.
Post 4029178 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
257.
Post 4029815 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
Guys something really interesting I thin I know who dumped his coins so I was checking the famous richest addresses and I run to this
check this address
https://blockchain.info/address/1AXmu2pGHuS67v1BrmRo1MAapFbbJo9QUwyou can see that he still have many of the coins, but allot of coins were mixed and I really dont want to loose my time tracking them, so who do you think is the owner of this address ?
258.
Post 4029955 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
BTW guys, as much as I hate watching the "stage of a bubble chart" but it seems so F%&$/!? accurate, Is Bitcoin a different story ?
Looks familiar ?
259.
Post 4029975 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
BTW guys, as much as I hate watching the "stage of a bubble chart" but it seems so F%&$/!? accurate, Is Bitcoin a different story ?
Looks familiar ?What is this? I have never seen this before, ever!
260.
Post 4030307 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
I just went through a complete page of the infamous tulip bubble chart.
Do we really need to keep re-quoting it?
did it scare you ? because it does scare me so much !!! I want to believe that Bitcoin is something different but I cant convince my logic, my mood works 50-50% half of the time I am bullish than my logic kicks in and this what makes me do good steps
261.
Post 4030324 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.42h):
BTW, anyone know the winklevos's BTC address ? I am curious if they sold any of their bitcoins ?
262.
Post 4037772 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
good morning guys, so what did I miss ? what do you think are we going to the moon soon ? or that bubble chart will really apply and we are at the normal stage when a burst will follow?
I am all out of FIAT, even that I have a feeling that the price will crush, I was buying all the way, looking to that chart scares me but I still believe the price will skyrocket
263.
Post 4037829 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
it is like china hates Bitcoin, it rises a bit than a dump follow, like someone is sitting and dumping to prevent the price from going up.
I am starting to hate watching BTCChina on bitcoinwisdom it makes me really angry
264.
Post 4038149 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
shit, I hate the whole China situation, I am getting more nervous each time I see a dump, I still wonder from where the F#%$& all these coins are coming from, most richest addresses still hold all their bitcoins !!!!
265.
Post 4038239 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
guys Mtgox is coming to the front again ? maybe your withdrawals will get much faster and a low fee will be implemented
https://www.mtgox.com/press_release_20131219.htmlEdit: yes now deposit will be fast, than they I will implement the withdrawals.
I guess f#%$& China then
266.
Post 4038938 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
yes hodl, we are going to fly without China
267.
Post 4039335 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
you know that Bitcoin will skyrocket when there is so many bears here...
268.
Post 4039490 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
even with China without a cash flow into the exchange there is some progress, I would guess that the price should drop even more, but I think that the negative trend is done...
269.
Post 4039959 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Bitstamp beating all exchanges only $20 less than Gox Mtgox, and look at that volume
270.
Post 4040679 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Will we break 3500CNY?
StochRSI is overbought. 1 nudge please..
this race will go without China.... look the price is almost 150 USD higher than china
271.
Post 4040774 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?
I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.
I think that if it is going up now the crash is done, most interesting is that China is going up without fresh money, all deposits are temporary stopped, so this is the selling denial faze , people are buying back now that everything is clear....
272.
Post 4040855 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
273.
Post 4041381 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.
EDIT: Bitstamp
you have no idea of what you are talking about, everyone took your advice is heavily burned, I would like to see a screen shot of your trades from your account at gox/stamp, this is the only way for me to believe that you really stick to what you say here in which is really really bad strategy ....
274.
Post 4041406 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
meanwhile this is an important news, that can make the price go up really fast
http://www.cryptocoinsnews.com/2013/12/19/chinese-bitcoin-exchange-accepting-deposits/deposits are back again, we need to confirm that from someone who has an account on a Chinese exchange.
edit: BTCChina and OKcoin still not accepting deposits
275.
Post 4041487 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
BTW, I am really amazed how can the price rise at this rate when Chinese can not deposit funds, and when you compare the price between USD exchanges and RMB exchanges there is at least $100 dfference, this only means that people understood the Chinese situation and they do not pay much attention anymore .....
276.
Post 4041543 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
BTW, I am really amazed how can the price rise at this rate when Chinese can not deposit funds, and when you compare the price between USD exchanges and RMB exchanges there is at least $100 dfference, this only means that people understood the Chinese situation and they do not pay much attention anymore .....
Loaded showed up with a suitcase full of cash to buy all the cheap bitcoins in china
this is the problem with Bitcoin market today, it is still so small community that people gives so many fucks about single individuals, when the community grows even more and the buy support become larger, such individuals wont effect the price that much, because when they try to dump/manipulate the market there will be tons of investors waiting for a sweet entry.... and they will get burned trying to manipulate that they will just quit doing it...
277.
Post 4041684 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Only tards hodl!
Pros sold 70min ago.
But you can still sell NOW!
would you bet on that ?
278.
Post 4041748 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
I sold 13.21 GMT+1
Not all, but most of the stash I bought @ 350 Euro!
Exit price was 495 and 510 Euro. Sold a little bit before the top.
would you bet on that ?
I did the second I sold.
I hope it will work out for you, always be prepared for surprises, this all what I learned from trading, I have beeen burned so many times that I've learned one big thing, Bitcoin is unpredictable and anything you try to do based on any analyze is pure speculation.....
many of "smart traders" here come and post where the price will head and whatnot... they have no clue... it is a total BS, this is all I can say, we all just speculate....
279.
Post 4042427 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
holy... Bitstamp will over perform Mtgox not only by volume but soon by price as well.... Mtgox is trying to stay in the front so hard but is not addressing the one and most important issue "withdrawals" they are working on Midas Deposits implemnting LTC new OTP so many stuff that could wait but ignoring the most thing that people needs
but I have to admit users not being able to get cash out of gox helped Bitcoin price so much....
280.
Post 4042453 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
$700 today, $850 till the end of the week and then another breakdown. My dog told me that.
ask your dog what does the fox say ? than ask again what does gox say ?
281.
Post 4045939 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
what a shame.... Max keiser brings a clone to Maxkeiser report to talk about Quark ... he said "for me it is the best coins out there because it is more secure...." WTF !!!?
http://youtu.be/0oYkMLph6NA?t=19m14sthese are criminals, they pump and dump, these are the people who makes me question the concept of crypto each time I hear them
282.
Post 4046166 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
what a shame.... Max keiser brings a clone to Maxkeiser report to talk about Quark ... he said "for me it is the best coins out there because it is more secure...." WTF !!!?
http://youtu.be/0oYkMLph6NA?t=19m14sthese are criminals, they pump and dump, these are the people who makes me question the concept of crypto each time I hear them
Anyone listening to this clowns is a moron, full stop. They speak nonsense and are mostly clueless. Quark is an instamined scam, very insecure because of its fast maturity. That's so obvious that is painful.
I'm amazed by the amount of supporters Max Keiser has on this forum. It's pathetic.
pre-mined ...cough ... enough say
oh and market cap means nothing because its bases on total qrkcoins in few hands..... yeah
I cant stand it so I had to tweet something
https://twitter.com/mmitech/status/413746920050290688 and
https://twitter.com/mmitech/status/413743643451596800
283.
Post 4046383 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
284.
Post 4046448 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Did you buy your account?
Have you not seen the exact same thing posted a gazillion times, over and over?
yes and no, it is till convenient each time I look at it
doesnt that chart scare you ? because It does scare me....
285.
Post 4046499 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Did you buy your account?
Have you not seen the exact same thing posted a gazillion times, over and over?
Have you not ignored him yet? When not trolling he's quoting other trolls/sock puppets.
that's all what I need one more ignore, actually I am really curious if that ignore button on my profile is glowing ? if it doesn't than I really have to try harder
..... BTW I don't know why people doesn't chill out...
286.
Post 4046541 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
It's pretty funny to watch an entire thread of that shit, actually. There must be like 5 people controlling 20 accounts.
BTW I have only one account and yes I do sometime come here to make fun out of some users here, but this doesn't make me a 100% troll, most of the time I post really informative posts or call it my point of view, if you do not like my point of view than move on there is nothing to see here....
287.
Post 4046571 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
that's all what I need one more ignore, actually I am really curious if that ignore button on my profile is glowing ? if it doesn't than I really have to try harder
..... BTW I don't know why people doesn't chill out...
not glowing...yet
you have been on my ignore watchlist since you brought in the bubble chart like you discovered it, our patience has limits
you don't have to be a bull all the time try to be a bear sometimes.... though I am on full bull mode now so I agree, if I change my mind you can put me back on ignore
288.
Post 4046587 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
It's pretty funny to watch an entire thread of that shit, actually. There must be like 5 people controlling 20 accounts.
BTW I have only one account and yes I do sometime come here to make fun out of some users here, but this doesn't make me a 100% troll, most of the time I post really informative posts or call it my point of view, if you do not like my point of view than move on there is nothing to see here....
Why did you see a need to buy an account?
buy ? you mean like I pay for an account ? are you serious ? hahahahaahah
I didn't buy my account, you can follow me on twitter @mmitech on litecointalk mmitech as well on skype mmitech..... I am using this nickname for 10 years now
289.
Post 4046618 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
that's all what I need one more ignore, actually I am really curious if that ignore button on my profile is glowing ? if it doesn't than I really have to try harder
..... BTW I don't know why people doesn't chill out...
not glowing...yet
you have been on my ignore watchlist since you brought in the bubble chart like you discovered it, our patience has limits
how this makes you feel
https://bitcointalk.org/index.php?topic=376183.msg4039510#msg4039510
290.
Post 4046805 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
It's pretty funny to watch an entire thread of that shit, actually. There must be like 5 people controlling 20 accounts.
BTW I have only one account and yes I do sometime come here to make fun out of some users here, but this doesn't make me a 100% troll, most of the time I post really informative posts or call it my point of view, if you do not like my point of view than move on there is nothing to see here....
Why did you see a need to buy an account?
Ok you make your case. Sock puppets tend to quote themselves. Once you use the ignore button liberally on questionable accounts this becomes patently obvious. So when you quote them more than a few times you go on the naughty list.
I just get annoyed at traders who post low value material solely to drive market sentiment in their favor. Grow a pair and stand behind your trade, or change it. This is a house of learned men, not your personal echo chamber to manipulate the market.
ok it is becoming pointless to argue here, if you can get manipulated with posts here or/and if your trades are based on advises of this board than you really need to quit reading this sub-forum, all we do here is
speculate
291.
Post 4047299 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
How could Mirsad be right? You still haven't figured out he is the most smartest person on the planet and never made a bad trade? And that he is 16th generation Swiss with Bosnian name that lives better life than 99% of the planet?
Come one, how could you not know that?
One thing you didn't get.
We make fun of bosnians every day. Not all.. but most of them are really bad integrated. They can't speak proper german/swiss german after 20 years here!
And the most important thing: They think, that this is their country... damn suckers. They could easily go back. But no free iphones, clothes, appartments and cars from the government. Bad thing: They have way more children than educated people -> amount of suckers steadily increases.
I've to apologize for every hard working bosnian, which is good integrated.
you know too much about Bosnian to not be one of them hahahahaah, BTW I work in a company here in Slovenia that 40% of its employees are Bosnian but what you just said doesn't apply to all of them...... it is shame to not admit your origins...
to add one of my best friends are Bosnian and I do understand allot of Serbian-Croatian another thing to add I am a Slovenian citizen but originally I am from Algeria and proud to be
292.
Post 4048095 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
overstock.com news is HUUUUUUUGE.
what news are we talking about ?
293.
Post 4048163 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
wow really!! any official statement from the site it self ?
294.
Post 4053811 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
good morning forum members, so it looks that we are going up
295.
Post 4054129 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
ok the question of the day: Blockchain.info has a big announcement next week they twitted this
https://twitter.com/blockchain/status/413907446059384832Blockchain.info 's got a major announcement for next week. Any guesses as to what it is? #bitcoin #blockchain
any guess from you people ?
296.
Post 4055377 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
look at that candle
297.
Post 4056652 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
298.
Post 4056741 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
Would a 20k buy bring the price to $1500?
depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100
299.
Post 4056845 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
Would a 20k buy bring the price to $1500?
depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100
20k spread across all markets is what you should be looking at.
if you want to bring the price up where would you buy ?
I would buy at gox, because trying to bring the price over 1300 at bitstamp will be somehow a failure, and I mean doing that by running a market order.... even if you would put some buying walls t prevent the price from droping people will simply eat the walls how ? most people will see the chance of getting their cash out of gox by selling their coins at stamp and your try will be worthless......
so I think you do not need to spread the cash, all you need is to push the price at gox and the market will follow (except china for now ...)
300.
Post 4056888 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.
when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....
Would a 20k buy bring the price to $1500?
depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100
20k spread across all markets is what you should be looking at.
if you want to bring the price up where would you buy ?
I would buy at gox, because trying to bring the price over 1300 at bitstamp will be somehow a failure, and I mean doing that by running a market order.... even if you would put some buying walls t prevent the price from droping people will simply eat the walls how ? most people will see the chance of getting their cash out of gox by selling their coins at stamp and your try will be worthless......
so I think you do not need to spread the cash, all you need is to push the price at gox and the market will follow (except china for now ...)
If you buy you don't want to bring the price up! You want the price to stay the same as much as possible to avoid slippage. People that buy to bring the price up or sell to bring the price down in an attempt to influence the market are fucking retarded.
and BTW this is what we really have, it is called manipulation you know that better than me.
301.
Post 4056902 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Sorry I'm new. Who is Rpietila?
He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.
A poster boy surrounding himself with drooling wannabe moneybags hoping to attract customers to his investment businesses, sometimes he takes a walk on the wild side.
If you are trading bitcoin for more than 2 years and still doesn't have at least 5 figures you are doing it wrong, so beware of experts because they can just be lucky guys.
Myself included
5 figures in BITCOIN!?!?!?!? 'cause then F$CK I'm doing it wrong.
7 figures ? hahahahah
and I think he meant 5 figures worth of USD
302.
Post 4056992 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
BTW this is interesting
http://www.telegraph.co.uk/finance/china-business/10530153/China-credit-crisis-fears-as-central-bank-injects-funds.htmlChina credit crisis fears as central bank injects funds
Chinese stocks fall on liquidity crisis fears despite central bank pumping in cash
China’s central bank has rushed to pump money into the stalling banking system but markets across Asia still fell sharply amid fears that the world’s second-largest economy faces a credit crisis.
Cash rates on China’s money markets jumped after the move by the People’s Bank of China (PBOC) to ease a liquidity squeeze on banks. Both the Shanghai Composite Index and Hong Kong’s Hang Seng Index also fell amid concerns over structural problems in China’s financial system.
The Chinese seven-day bond repurchase rate, which essentially measures liquidity in the financial system, climbed to 7.6pc its highest since fears over a banking crisis in China first emerged over the summer.
State media in China had reported that the PBOC has unexpectedly pumped $33bn (Ł20bn) into the domestic money market through what it refers to as “short-term liquidity operation”.
“The focus is again on China where there is plenty of discussion on the squeeze in interbank funding markets,” said Deutsche Bank in a note to investors Friday.
“The repo rate is now higher than yesterday amid market talk of a missed payment at a local Chinese bank. This is something to monitor over the next few days.”
Fears over a looming Chinese debt crisis spurred by a poorly regulated and opaque financial system stoked fears over the summer that the Asian powerhouse could finally be on the brink of a sharp slowdown in growth.
Much concern also surrounds what has become known as the “shadow banking” system that allows the Chinese to borrow money beyond their means.
303.
Post 4057160 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
BTW this is interesting
http://www.telegraph.co.uk/finance/china-business/10530153/China-credit-crisis-fears-as-central-bank-injects-funds.htmlChina credit crisis fears as central bank injects funds
Chinese stocks fall on liquidity crisis fears despite central bank pumping in cash
China’s central bank has rushed to pump money into the stalling banking system but markets across Asia still fell sharply amid fears that the world’s second-largest economy faces a credit crisis.
Cash rates on China’s money markets jumped after the move by the People’s Bank of China (PBOC) to ease a liquidity squeeze on banks. Both the Shanghai Composite Index and Hong Kong’s Hang Seng Index also fell amid concerns over structural problems in China’s financial system.
The Chinese seven-day bond repurchase rate, which essentially measures liquidity in the financial system, climbed to 7.6pc its highest since fears over a banking crisis in China first emerged over the summer.
State media in China had reported that the PBOC has unexpectedly pumped $33bn (Ł20bn) into the domestic money market through what it refers to as “short-term liquidity operation”.
“The focus is again on China where there is plenty of discussion on the squeeze in interbank funding markets,” said Deutsche Bank in a note to investors Friday.
“The repo rate is now higher than yesterday amid market talk of a missed payment at a local Chinese bank. This is something to monitor over the next few days.”
Fears over a looming Chinese debt crisis spurred by a poorly regulated and opaque financial system stoked fears over the summer that the Asian powerhouse could finally be on the brink of a sharp slowdown in growth.
Much concern also surrounds what has become known as the “shadow banking” system that allows the Chinese to borrow money beyond their means.
I would say, "bitcoin to the rescue!" although I'm not sure how it would help. Perhaps the recent banning has something to do with this.
I was thinking about the same,
stocks went down because of(didnt search that matter yet) people were investing in Bitcoin so they had to something about it .... and now we are in this situation....
304.
Post 4057537 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
But he does tend to get it right.
Wrong. You are very new here, but he tends to get it wrong most of the times, I'd say as much as 90% of the times.
Don't have the time to dig all the old posts (plus he tends to delete them when he gets it wrong), but I will make you a very short summary of some of Risto Pietila's calls:
"anyone who does not believe that we will hit $300k per BTC by this year is in denial of the facts"
- spring 2013 (this was not trolling, this was a very real and serious prediction he made earlier this year)
"we will never see $100 again"
- summer 2013 - we went below $100 (till $67) a few days after
"i turned bear, I'm selling and buying back cheaper in a few days"
- November 2013 - he sold at $700 hoping to buy back cheaper and had to buy back at a loss shortly after
"i turned bull, I was wrong earlier and we are going to the moon"
- December 2013 - we were trading at $1200, the peak was reached shortly after and we crashed
I could go on FOREVER.
As some have said, Risto makes some very interesting general analysis threads, but:
- his short term calls are consistently wrong
- he doesn't own 10k coins, that's BS. He doesn't own more than 2k coins based on his post history (probably less)
- his history of successful trading are utter BS. He doesn't do "arbitrage", and he makes up his stories of success to build up his character
- he has delusions of grandeur and maniac episodes in which he totally loses his mind, probably believing his own BS
- he doesn't stand serious critics, that's why he starts self-moderated topics in which he ruthlessly deletes well-reasoned critics while allowing random and off-topic praises.
- finally, his business model is to attract noob investors to either a) sell them BTC with a markup or b) manage their assets for a fee. This is his priority, and the character he built in here is made with that priority in mind.
Let me get straight that I haven't got anything personal against Risto, is just that I feel bad when I see noobs thinking he is some kind of über-successful master BTC trade, while in reality he is mostly smoke and mirrors. As we are supposed to be a community, sometimes I feel the urge to warn newcomers and tell them to analyze more thoroughly the character before thinking to risk their money to/with him.
+1
I am sensitive when he gives the noobs the "Pro trader" act I will copy what you just wrote just to threw it on his face, because he is one of the few here that claim that his posts are not speculations but "facts" and the clients that he claims to have are BS....
305.
Post 4057802 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
what is wrong with the world ?' Dogecoin
? seriously ? I found this article on International Business Times UK website
http://www.ibtimes.co.uk/what-dogecoin-meme-that-became-hot-new-virtual-currency-1429847 As the year of bitcoin comes to an end, David Gilbert investigates the next big crypto-currency - Dogecoin.
306.
Post 4057937 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Even seemingly intelligent people outside of the Bitoin forums seem to believe Dogecoin "has made it". People continue to disappoint me with their retardedness
Let's wait until they find out about JunkCoin. Do any of you think people will fall for it I launch a "PremineAndPumpAndDumpCoin" (P&P&DC)? I'll be rich!
well Keiser!! what a retard, I used to watch his shows I always had fun but now !!! just 2 min ago he twitted and I replied
https://twitter.com/mmitech/status/414023365133746177
307.
Post 4058105 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.43h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
If you want to promote Bitcoin you have to make sure you wont piss-off the feds you know.... just saying
308.
Post 4058405 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
Yes im at 16 min. and it gets better
I like his opinion on fungibility.
Edit:
Haha @ "Fuck off, Bitcoin works fine!" he just scored points. And now disrupting nation states. He should just skip the first 15 minutes of his talk.
Oh it's done @ 23:30. I loved the final few minutes. I don't understand what all the rest was about, it sounds like they replaced the speaker in the end. The first 15 minutes is just politically correct, untrue bull shit.
Bitcoin is WAY better than any fiat currency. Hell, Litecoin is better than any fiat currency, hell any PM is better than any fiat currency. Fiat currencies SUCK. Saying USD is better than Bitcoin makes me nauseous
and I wouldn't be able to say it out loud without making a face.
I was thinking the same, but I remembered my co-workers who are BTW all IT engineers and how hard was it to explain the concept of Bitcoin to them and even when I did they still think that Bitcoin is a scam or monopoly money, his method can be a great approach to people like my co-workers....but it is too late I am out of energy and I give up, it is their lost anyways
309.
Post 4058523 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Great video, thanks for sharing, watching here...
Should I continue to listen past 5m19s? He already said he doesn't regard Bitcoin a currency and that he thinks the USD is superior. I already want to smack him twice. Does his talk improve?
Yes im at 16 min. and it gets better
I like his opinion on fungibility.
Edit:
Haha @ "Fuck off, Bitcoin works fine!" he just scored points. And now disrupting nation states. He should just skip the first 15 minutes of his talk.
Oh it's done @ 23:30. I loved the final few minutes. I don't understand what all the rest was about, it sounds like they replaced the speaker in the end. The first 15 minutes is just politically correct, untrue bull shit.
Bitcoin is WAY better than any fiat currency. Hell, Litecoin is better than any fiat currency, hell any PM is better than any fiat currency. Fiat currencies SUCK. Saying USD is better than Bitcoin makes me nauseous
and I wouldn't be able to say it out loud without making a face.
I was thinking the same, but I remembered my co-workers who are BTW all IT engineers and how hard was it to explain the concept of Bitcoin to them and even when I did they still think that Bitcoin is a scam or monopoly money, his method can be a great approach to people like my co-workers....but it is too late I am out of energy and I give up, it is their lost anyways
Also his answer to the second to last question proves he doesn't believe in the long term value of Bitcoin. He thinks ~6 crypto's will end up sharing the market and Bitcoin not being one of them. Wow, I see this as a possibility but certainly not the most likely.
the definition of short term varies from a person to another, when we talk about the short term future of bitcoin we usually mean 5-10 years (on the speculation board means 1-2 weeks
) but I "think" in order for bitcoin to continue to mainstream and "survive" there are a lot of things has to be addressed short term ( we are still on the 5-10 years) like the block size limit, transaction fees, the selfish miner issue,regulation.....
the point is that if these issues wont be addressed there will be another alt (not a single from the existing ones) created that solves all existing issues and this is my biggest fear
310.
Post 4061908 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
I still fail to understand the very sold and very bought thing I read around.....
311.
Post 4071061 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
good morning guys, so what happened last night ? I see a dump that brought us to 550 and it seems that this appeared only on stamp ....
312.
Post 4071425 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
good morning guys, so what happened last night ? I see a dump that brought us to 550 and it seems that this appeared only on stamp ....
Hmm yeah what's up with that 2.6k market sell that brought stamp to $550? Is that a glitch cause the market didn't react at all
There are no glitches. That was an attempt to trigger the panic prematurely.
and I guess it is the same guy who have an open order at 550, one wall of over 2700 BTC
313.
Post 4071521 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
I have a bad feeling about this trend, I am afraid that we will see a new low over the next couple of days
314.
Post 4071612 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
I have a bad feeling about this trend, I am afraid that we will see a new low over the next couple of days
how much did you sell?
allot
edit: not yet but I am waiting for almost one hour and no confirmation yet, but yes I will sell allot, I am still making profit as I bought at $550
315.
Post 4071632 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
1 hour since the last Block
316.
Post 4071740 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
1 hour and 10 minutes since last block !!!!
317.
Post 4071774 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
1 hour since the last Block
Difficulty to the moon!
ok there is a block but my transaction wont be even proceeded yet, I am still on queue !!!
318.
Post 4072098 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction
319.
Post 4072234 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction
Why wouldn't you pay a 0.0001 fee at the least??
the client never asked about paying a fee
we should have at least 14 block the last 2 hours and half but we have only 7
320.
Post 4072371 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
now this is ridiculous really, another block and still no confirmation, why developers don't add a forced fee !!! now I have to wait for hours so the F#$%"& transaction get proceeded...
321.
Post 4072487 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
I feel bad that there is so much juicy fiat in Mt.Gox at good terms (640), but it takes 1 hour to get the coins there and it sure is gone before that clears
are you actually trying to buy coins at these prices? Because it sounds weird to me that you would publicly post your strategy. I would expect that whales do the opposite to what they say.
No, sell, of course. There is not even volume enough for buying. But I sent the coins anyway, just in case it's still there when they arrive (4 conf now).
ok my transaction finally got included, were you having the same problem ?
322.
Post 4072562 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction
So you saved $0.06 and lost hundreds or thousands?
software didnt offer the option to pay fee, he said
I wasnt trying to be cheap the client didnt ask me for paying a fee because I met the conditions of free transaction, but it seems that there were other transactions with more priority
Technical infoTransaction priority is calculated as a value-weighted sum of input age, divided by transaction size in bytes:
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
Transactions need to have a priority above 57,600,000 to avoid the enforced limit (as of client version 0.3.21). This threshold is written in the code as COIN * 144 / 250, suggesting that the threshold represents a one day old, 1 btc coin (144 is the expected number of blocks per day) and a transaction size of 250 bytes.
So, for example, a transaction that has 2 inputs, one of 5 btc with 10 confirmations, and one of 2 btc with 3 confirmations, and has a size of 500bytes, will have a priority of
(500000000 * 10 + 200000000 * 3) / 500 = 11,200,000
323.
Post 4073031 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction
So you saved $0.06 and lost hundreds or thousands?
software didnt offer the option to pay fee, he said
What kind of software developer leaves this out? Not someone interested in the longevity of btc's that's for sure! If we don't pay the transaction fees (which are tiny) then miners eventually don't get paid enough to make it worthwhile and we all lose.
don't jump right away with such conclusions, transaction fees are know and you can calculate them your self, at this point when miners are rewarded with 25
BTC people can always use free transactions, although I think it would be cool if we could pay a voluntary fee so the transaction would be proceeded faster.
if you look back to my post you will see how your position in the queue is calculated, maybe it was just my bad luck being with a lower place on the queue.
324.
Post 4073140 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction
So you saved $0.06 and lost hundreds or thousands?
software didnt offer the option to pay fee, he said
What kind of software developer leaves this out? Not someone interested in the longevity of btc's that's for sure! If we don't pay the transaction fees (which are tiny) then miners eventually don't get paid enough to make it worthwhile and we all lose.
don't jump right away with such conclusions, transaction fees are know and you can calculate them your self, at this point when miners are rewarded with 25
BTC people can always use free transactions, although I think it would be cool if we could pay a voluntary fee so the transaction would be proceeded faster.
if you look back to my post you will see how your position in the queue is calculated, maybe it was just my bad luck being with a lower place on the queue.
did you sell?
yes I did
325.
Post 4073192 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Everybody says sell, so I think we should not
I think the Chinese still can transfer their Coins to a wallet and keep them there. They must not sell them. But most of them will anyway I think.
don't be so sure, I don't know about others but when I say I will sell I usually do, still have half of the coins thought
EDIT: I deleted the screen shot, I dont have to prove anything
326.
Post 4073572 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
yes this thread is really silent .... nervous people or it is the weekend effect ?
327.
Post 4073602 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
yes this thread is really silent .... nervous people or it is the weekend effect ?
Christmas shopping
oooh people spending money
hahahahahah
328.
Post 4073779 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.
if you knew about bitcoin when it was 1000 than sure 550-600 is really cheap, if you knew about bitcoin when it was $10 and if you were present on the crashes we had than 500-650 still looks optimistic, although I have to point out that any move you do now is really risky because bitcoin by nature is unpredictable.
I know that I risk so much but I make sure that I wont regret my action if the price will start climbing so fast.... most of the time I am all BTC but when I have the sense of the price going down I sell 50% and open limit orders and wait, if the price start climbing back my strategy is to cash out.
since I invested in bitcoin, I cashed out less than 15% of my holdings, I always think about cashing out some of my profits but I always buy back because at the moment I don't really need that cash...
329.
Post 4073982 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.
if you knew about bitcoin when it was 1000 than sure 550-600 is really cheap, if you knew about bitcoin when it was $10 and if you were present on the crashes we had than 500-650 still looks optimistic, although I have to point out that any move you do now is really risky because bitcoin by nature is unpredictable.
I know that I risk so much but I make sure that I wont regret my action if the price will start climbing so fast.... most of the time I am all BTC but when I have the sense of the price going down I sell 50% and open limit orders and wait, if the price start climbing back my strategy is to cash out.
since I invested in bitcoin, I cashed out less than 15% of my holdings, I always think about cashing out some of my profits but I always buy back because at the moment I don't really need that cash...
When comparing how the price looks for a person knowing bitcoin when it was at $10 with a person getting to know it the last months, you have to take into account how enormous Bitcoins progress towards adaption has been. At $10 it was basically just a bet for the pure visionaries, totally unproven in all aspects but the theoretical. At $1000 we were dealing with something that just might change the concept of money as we know it. Since then the price has halved, and apart from the China spectacle, the good news keep rolling in.
Personally I am fully accepting towards the prospect of losing my entire Bitcoin investment, but I will not risk the regret of not acting on and taking the chance on something that resonates completely with me. I have a strong feeling Bitcoin will change the world. If it doesn't, I will go on with a smile on my face, feeling good that i did what i believed to be right.
bitcoin was a revolution since day one, sure we achieved allot this year and next year will see even a bigger boom, Bitcoin investment will pay out long term no matter when you buy, but being on the speculation sub-forum means that you want to catch the ups and downs, otherwise you would just buy and
HODL
330.
Post 4074819 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Market is bored
this is exactly when the dumps usually appears and this is exactly what I am waiting for....
331.
Post 4074865 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
Market is bored
this is exactly when the dumps usually appears and this is exactly what I am waiting for....
Or sudden pumps
it would be really something new, a weekend pump ?!! but you never know everything is really possible....
332.
Post 4074900 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
I don't understand how are you expecting dumps with such walls.
well the same like every time we experienced a dump, walls get eaten other walls get pulled back ...
333.
Post 4075271 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.44h):
crash damn it crash!
you already sold ? and now waiting for it to crash hahahaha
334.
Post 4076604 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
look at this chart, bulls think it is undervalued Bitcoin and are not selling, bears thinks it is overvalued and are not buying, there is no action or whatsoever.
335.
Post 4076999 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
Guys I think there will be still another crash/flash crash that will bring us to a new low assuming that by looking to the other crashes we had before (except if this time is different), I cant imagine how low but I think we will stay above the old ATH ($266), than maybe we will be somehow stable there for couple of weeks than the race will start again.
we will bounce many times and continue the negative trend (if there will be no flash crash)
PS: some people would like to get their cash before the holidays, all banks closed no cash in/out of exchanges and really low volume add to that BtCchina still having deposit issues.
336.
Post 4078626 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
I did also notice that most movements happens when I go to sleep ( I am from EU), today I will give it a shot and try to be a bit late, although I see no action the market is so silent not so much trading is going around , and you know what they say after the silent comes what ? a bear/bull ? we will find out
337.
Post 4078648 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
watching the order book getting updated, I think something is about to happen !!!
338.
Post 4078689 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
I have never seen a flat line like this one over the last 2 hours on BTCChina, trading is just dead there.
339.
Post 4085189 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
Good morning, so what a bullish day ? am I missing something ? I am really surprised a weekend pump !!! any news related to this ?
and Bitstamp is becoming the major exchange, really interesting....
340.
Post 4085349 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
hahaha if this is a bull trap it is working really good, look at that support building up behind, if you zoom out to 1h view on bitcoinwisdom you will see that the same thing happens all the time , than a dump follow up, the question is: "is it different this time "
and where the hell where were you yesterday this thread was dead !!!!
341.
Post 4085392 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
Are there any sources where we can see a comparison of the volume on the different exchanges? (in %)
http://www.cryptocoincharts.info/v2/markets/info BTC-e is calculated with all pairs, ok coin is a fake volume if the article I've read is true
342.
Post 4085407 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
people giving up on waiting for the dump
I still didnt give up, I have orders all the way to 400
343.
Post 4086038 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
so what if i pump the Price? will you follow and buy after me making my coins more valuable ?
or maybe I should dump and use the cash to buy even cheaper
344.
Post 4086702 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
forum under DDOS ? I get the 502 error !!!!
holy yes I think it is, I get the bad gateway error few time before getting to the page, something is going on
BUY BUY BUY
345.
Post 4086934 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
Sell at 650, and buy back at 450 => 44% more coins.
Sell at 650, and stop-loss buy at 1170 => 44% less coins.
So if you estimate that the pullback has any greater than 50% probability to happen, you should sell a part of your holdings. Simple as that.
don't listen to that guy, if you are not a good trader the best move you can do is to hold, 90% if his calls were false or were intended to be false, but I doubt that they were intended .. he just doesn't have a clue and pretend to be the "Pro trader".
there is speculation and there is misinformation, and the way he post his "predictions" is not in speculative mode but like in informing mode.
346.
Post 4089474 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
I am tired of trying to catch the tops and lows
, I am all back in BTC, I lost 10% of my stash, but I made allot of profit the last couple of weeks, I am going to stop trading and hold and will not risk again so I wont lose all the profit I made so far.
I was thinking about to cash but then "again" decided to buy back and with for the long term.
347.
Post 4103941 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.45h):
you know why I bought back at a loss ? so many people waiting for BTC to go down, so many cash waiting to buy in back, even if the price drop I think it will be at a max of $100 than the race of buying back will start and will bring us back to $800.
I just hope you didn't go all fiat otherwise you will have a bad time catching up.
348.
Post 4119757 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
I am really curious about the price going down after this stability !!! for sure there is no volume yet to move the price, but I like the stability.....
on the other hand I know allot of you are waiting for a drop to buy in, which makes it even harder to happen.....
349.
Post 4120757 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
1900 Bitcoin was dumped to move the price down only $30, well that is sad for the bears, and BTW I thought it is worth to mention that a dump @ gox = manipulation aka someone trying to move the price down to buy cheaper because who the fuck sells @ gox for fiat ? someone willing to wait 3 months for the cash?
so here bears you need another 15K bitcoin to move the price down to 550
350.
Post 4120803 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
so here bears you need another 15K bitcoin to move the price down to 550
we have them.
dump them what are you waiting for ?
351.
Post 4120856 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
so here bears you need another 15K bitcoin to move the price down to 550
we have them.
dump them what are you waiting for ?
for the order book to get filled.
btw, trendline is not broken on gox
and BTW people waiting for $450 well you just need another 35K bitcoin so show me what you've got I would love to see you left behind
352.
Post 4121820 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
this is something new, although i called DURS Kranj sometime ago (when the price was at 100 and I wanted cash some of my profits) and the lady already knew about bitcoin, in fact when I told her that the price was around 100 she was really surprised she told me that she remember when it was $1 and she asked me why the price went up.
long story short at the time she said there is no regulation around Bitcoin from Slovene government and she told me if I cash out I wont pay any taxes I just have to prove the source of my funds, then I asked her what if I did mine some of my bitcoins she asked me what was mining and I explained to her how the bitcoins are generated so she replied with a very interesting answer.
this was the answer:
a- "so miners are doing an effort and they get Bitcoins as compensation for their work, which they can sell for cash to cover their bills and take some profit" this from a legal point of view is undeclared work wich is illegal and the miners have to pay a fine for it and pay taxes for the income.
b- you invest some cash into Bitcoin (buy) than you daily trade or simple hold and after sometime you make a profit that you would like to cash out in this case you do not have to pay taxes because in a similar case when buying Dollars with euros or euros with Yuan or gold for Euros .... if the price of dollars against Euros goes up and you decide to convert back to euros you do not have to pay taxes for the profit you made.
c- if you are a merchant accepting bitcoin as a payment method, you will be taxed the same way as you do with fiat, the taxes would be based on bitcoin price at the time of the deal/service.
Slovenia for the first time have a clear statement about bitcoin, this is a real open minded statement from the government and I understand it as an endorsement and I think it helps the bitcoin economy.
353.
Post 4127179 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
this is by far the slowest bitcoin crash in recorded history
Following my calculations we will find the bottom at 325 in the year 2024 ;-)
So, patience please!
did you just say calculations ? you mean predictions right ? I wont jump to conclusions but I will ask you to share your "calculations" with us, can you please ? I am really curious !
354.
Post 4129408 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
Chart buddy, please, take a break. It's Christmas. I don't want to put you on ignore for Christmas.
BTW it is a bot posting
355.
Post 4135918 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
so how come that LTC went up today ? any news or just a pump ?
356.
Post 4142680 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
Just to remind everyone here about the senate hearing in USA, the senate was invited few days ago to bloomberg
http://www.bloomberg.com/video/thomas-carper-on-bitcoin-janet-yellen-max-baucus-i6WU~pUtSM~PJLE3YkpcXg.htmland he really had a positive comment about bitcoin, the final and official US statement will be next month, actually this what wall street is waiting for to start with bitcoin, although it was stated that many guys from wall street started buying bitcoins. watch this video
http://www.bloomberg.com/video/12-days-of-bitcoin-only-invest-what-you-can-lose-w~r_YpxmR3aALBFAV4akZg.htmlSecond Market Founder and CEO Barry Silbert which was in the video said that big investors are buying bitcoins out of the book order, this might explain the huge transaction that we had few days ago...
so my prediction is that in the Q1 of 2014 the price will skyrocket if the US statment will be positive which I think will be after hearing that interview of the senate, so people mark my words.
357.
Post 4149813 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
more than 51 million USD bids on GOX and around 58K BTC on ask, well I guess we are preparing for the next rocket launch, and BTW people who missed my post yesterday
https://bitcointalk.org/index.php?topic=385149.msg4142724#msg4142724go watch the 2 videos that I found to have a guess about the price on Q1 2014
358.
Post 4150151 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
(hodling is nothing).
Holding isn't nothing. It's the only thing!
Yeah.. Hoarding and creating a supply shortage is very good. It really helps in the long term. NOT!
if you think that hoarding is bad, then I think you should give away not only all crypto but all fiat money too. maybe then you will get what you don't get so far.
and cars, arts, house, maybe even the missus
Anyway, will Stamp go through 720?
it just did
359.
Post 4150210 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
if the trend continue this way, we will visit 1000 in a week or so....
360.
Post 4152478 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
that wall at 750 in mtgox is getting ripped off by buys
edit: and it totally got ripped off hahahaha
361.
Post 4152552 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
3rd world countries afraid of Bitcoin because it gives the power to people, countries like USA and most EU will adopt Bitcoin then the 3rd world countries a bit late will follow like always, do you remember internet the early 90's ? you know just saying ....
362.
Post 4152662 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
just bought back with huge loss from 720 wall, im now 10/90
if you just listned to me when I said buy back at 620-650, I also bought at a loss but I still made 20% profit which I didnt want to lose all, and you know if you hodl few weeks you might be very happy of how things will turn on... I think the price will skyrocket at Q1 2014 if the official US statement will be positive which is already looking to be.... (
https://bitcointalk.org/index.php?topic=385149.0 ) watch the videos
363.
Post 4152672 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
3rd world countries afraid of Bitcoin because it gives the power to people, countries like USA and most EU will adopt Bitcoin then the 3rd world countries a bit late will follow like always, do you remember internet the early 90's ? you know just saying ....
Where do you live?
EU but I am originally from Algeria so I know how it works....
364.
Post 4152911 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
well I guess Bitcoin is a real different story, I am glad that I was wrong
365.
Post 4154230 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
How do you know how much Fiat is on Gox?
you only know how much it is in the orderbook and it's $42+ million right now.
no it is more than 52 million dollar, and it is increasing constantly....
366.
Post 4154264 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
How do you know how much Fiat is on Gox?
you only know how much it is in the orderbook and it's $42+ million right now.
no it is more than 52 million dollar, and it is increasing constantly....
What site is that? Multiple sites are confirming $42 million for me.
367.
Post 4154430 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
WOW Much bids, so profit, very money hahahahaha
BTW bids are increasing in a crazy rate !!!!
368.
Post 4156146 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
Have you looked at the Bid sum we've been talking about the last few pages?
we're back at $42+ million again
where are you pulling these numbers from ? it is constantly getting higher and higher !!!
Edit: the ask is getting lower though....
369.
Post 4156239 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
from bitstamp maybe
Indeed. I use Stamp as my price indicator.
yes, I also do, but mtgox is the market mover again, I cant pull the order book because their API doesn't work for me!
370.
Post 4156267 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
Have you looked at the Bid sum we've been talking about the last few pages?
we're back at $42+ million again
where are you pulling these numbers from ? it is constantly getting higher and higher !!!
Edit: the ask is getting lower though....
trading.i286 and blockchained.com give different figures for the bid/ask sums. Blockchained is always less. Is there an answer for which is correct?
yes it depends on the depth of the book, I can pull the bids from the highest to 0 , I don't know how it works on blockchained ! maybe they don't pull the whole bids ?
371.
Post 4156374 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
Have you looked at the Bid sum we've been talking about the last few pages?
we're back at $42+ million again
where are you pulling these numbers from ? it is constantly getting higher and higher !!!
Edit: the ask is getting lower though....
as someone already has sad, you have the total bid sum on all orderbooks (?). I have the bid sum on mtgox only.
the sum ask is decreasing. we were in 31+k btc before the rally started, we are now at 26+k btc. that's on mtgox.
no I am looking only at gox and it is 52+ million USD look to my post above
and when I zoom out you see this
372.
Post 4157075 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.46h):
Did I miss something?
It sounds like we hit an ATH. Its still below 600 Euro ... cheap cheap . BUY MOOOOAR.
oh really ? I thought you were a bear and we were all idiots for not selling and just holding... my eyes just start hurting me, one more stupid post and you will enter my ignore list my Bosnian friend.
Edit: BTW that ignore button of yours is starting to glow, this is how people feels about your posts...
373.
Post 4158251 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.
this is waht I exactly hate, so you think we are junks ? using drugs is one thing and using bitcoin is another thing, I am so happy that they took SR down, I hate when people start talking about "body freedom" and all that shit, do you have kids ? or let me put it this way, when you will have kids I would love to know what you think about your kid wasting his life with using drugs and I would love to know how would you feel looking at him, would you still think "yes freedom"
so what do you think about child porn ? also normal ? man I hate these people....
374.
Post 4158282 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.
this is waht I exactly hate, so you think what are junks ? using drugs is one thing and using bitcoin is another thing, I am so happy that they took SR down, I hate when people start talking about "body freedom" and all that shit, do you have kids ? or let me put it this way, when you will have kids I would love to know what you think about your kid wasting his life with using drugs and I would love to know how would you feel looking at him, would you still think "yes freedom"
so what do you think about child porn ? also normal ? man I hate these people....
the solution to protect your kids from drugs is education, not prohibition.
no one said prohibition, but you cant shout every bitcoiners bought drugs, and you cant tell me that drugs are "body freedom" and whatnot...
375.
Post 4158396 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.
this is waht I exactly hate, so you think what are junks ? using drugs is one thing and using bitcoin is another thing, I am so happy that they took SR down, I hate when people start talking about "body freedom" and all that shit, do you have kids ? or let me put it this way, when you will have kids I would love to know what you think about your kid wasting his life with using drugs and I would love to know how would you feel looking at him, would you still think "yes freedom"
so what do you think about child porn ? also normal ? man I hate these people....
the solution to protect your kids from drugs is education, not prohibition.
no one said prohibition, but you can shout every bitcoiners bought drugs, and you cant tell me that drugs are "body freedom" and whatnot...
Ignored
you did me a favor by ignoring me if you agree to "every Bitcoiner have bought drugs at some point", I don't need people like you ....
376.
Post 4158450 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
I always got my drugs from a local dealer. Paid in cash. First name basis only. I didn't know his address, he didn't know mine. Send drugs through the mail! are you fucking mad?!
Obviously that was years ago and I don't do anything but drink these days. No way I'm going to get involved in the honeytrap that is tor and give the group that snitches far more than any other criminal group my name and address. Seriously, put down the crack pipe. If you used silkroad 1.0 chances are you are a known person of interest and eventually you'll be leant on for info.
holy shit !! by drugs you mean hard drugs or marijuana ? Adam I think we need a new poll here, It goes like that "are you drug addicted, is this why you started using Bitcoin ? "
377.
Post 4159687 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
Where will this end guys.
...
The end of one trend is the beginning of another. Be prepared with your plan (and backup plan B).
Plan A:
HodlPlan B:
Hodl harder
Backup B: Panic
Hodljust corrected that for you, an english teacher wrote this way so it is not me.....
378.
Post 4160155 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
I have made around 130k from my 1k March investment so far and I still have some 150-200 BTC in crypto investments.
Bitcoins are dream coming true.
a bosnian telling you how much money he made... classic story hahahah, this is what I love about balkan, people will allways surpise you, no matter how long you live here you cant really understand how they think
379.
Post 4160255 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
I have made around 130k from my 1k March investment so far and I still have some 150-200 BTC in crypto investments.
Bitcoins are dream coming true.
a bosnian telling you how much money he made... classic story hahahah, this is what I love about balkan, people will allways surpise you, no matter how long you live here you cant really understand how they think
Mate, I'm in the process of searching a business real estate on Baščaršija these days to spend my BTC earned money on it. If id manage to find one, I'll probably be settled out for life. Isn't that beautiful thing for 6 months only ?
congrats, I wish you the best, I will cash some of my BTC to buy a real estate, but the price will have to be at least $3000 so this will work out for me , you know how is it here in Slovenia, €100K wont buy you a grave
380.
Post 4160296 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
I have made around 130k from my 1k March investment so far and I still have some 150-200 BTC in crypto investments.
Bitcoins are dream coming true.
a bosnian telling you how much money he made... classic story hahahah, this is what I love about balkan, people will allways surpise you, no matter how long you live here you cant really understand how they think
Normally be would buy a bmw 3xx and use his shitty german accent to annoy hot girls or hang out in front of grocery stores with his mates in his sports pants like real gaaaaangstars
Wait. They do that without bitcoins or money every day.
BTW:
Not bad 130k profit in fiat with 1k investment. The price rise was 120 times @peak.
And you still have 150-200 BTC.
150-200 BTC are more than 1k Euro/USD in march 2012 could buy @ price of 8-12$
Hmmm magically you even outperformed buy and hold buy factor 2-5. Respect.
I told you, you wont convince me that you are a 16 gen Swiss no matter what, you know too much, as I know there is not much of Bosnian compared to Slovenia....
381.
Post 4160353 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
I have made around 130k from my 1k March investment so far and I still have some 150-200 BTC in crypto investments.
Bitcoins are dream coming true.
a bosnian telling you how much money he made... classic story hahahah, this is what I love about balkan, people will allways surpise you, no matter how long you live here you cant really understand how they think
Normally be would buy a bmw 3xx and use his shitty german accent to annoy hot girls or hang out in front of grocery stores with his mates in his sports pants like real gaaaaangstars
Wait. They do that without bitcoins or money every day.
BTW:
Not bad 130k profit in fiat with 1k investment. The price rise was 120 times @peak.
And you still have 150-200 BTC.
150-200 BTC are more than 1k Euro/USD in march 2012 could buy @ price of 8-12$
Hmmm magically you even outperformed buy and hold buy factor 2-5. Respect.
I told you, you wont convince me that you are a 16 gen Swiss no matter what, you know too much, as I know there is not much of Bosnian compared to Slovenia....
Send me 10 BTC and I'll show you my passport
Or you can visit me here and pay me the 10 BTC. Wanna bet?
You can even pay the flight with a part of this 10 BTC bet
begging on the forum, mmm let me think about it... sure you are not someone who lives better than 99.98% of people, and have that much of money, I wouldn't mind giving that 10 BTC for a Bosnian in need if he convince me....
382.
Post 4160415 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
But I don't belive you would even honor such a bet. Your kind tries to evade any responsibility. The only thing they can is causing riot, robbing and stealing.
Do you mind leaving racist remarks out of this forum? Thanks.
Blitz don't bother with him, everyone knows what he is worth on this thread.....
383.
Post 4160483 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
begging on the forum, mmm let me think about it... sure you are not someone who lives better than 99.98 people, and have that much of money, I wouldn't mind giving that 10 BTC for a Bosnian in need if convince me....
I really need that 10 BTC. Because your sister is a really expensive slut. 1000CHF per night. Your 10 BTC wouldn't last long. So I need more. I'm really in need.
I thought you have allot of money, just buy that 10 BTC and go "fuck" my "sister" if you want, from this point on I am putting you on ignore because you will get me banned if I continue replying to your non sense.... the first time since along time that I had to go to this low level talking to someone....
384.
Post 4167238 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
good morning guys, I woke up to see that bitcoin dipped before than I see all this support, I think we are taking off ! any thing else I missed ?
7000 BTC to $700, WOW very bids much profit so money hahahahaha
385.
Post 4167385 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
What is with the bid at gox? It just keeps going up. Who is depositing all this fiat at gox?
Edit: I think they just fixed i286 and I don't see that crazy bid and ask anymore.
yes I think you were right yesterday, the bid looks different today even the ask looks way lower than yesterday, and Bitstamp API is also fixed, I apologize for arguing about the bids yesterday
386.
Post 4167547 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
no I am looking only at gox and it is 52+ million USD look to my post above
and when I zoom out you see this
You must first multiply each *individual* bid with its price to get the USD value of each bid and *then* add the USD values. This screenshot you posted is doing it wrong. Its totally meaningless to add up the sum of BTC on the bid side.
If that is the explanation for how the bid was wrong then what is the explanation for how the ask was wrong?
I dont know but the only explanation is that people pulled their Bids and Asks off the book now that the price is going up, you can easly see a strong support around 700 and only 20K BTC that will bring us over $1500, otherwise I dont know !
387.
Post 4170119 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
come on one more good knife is all i ask
I don't think it is going to happen, there is a huge support all around....
388.
Post 4170296 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
this is exactly when the price will skyrocket, but always the opposite happens, players try to push the price down than they get burned.... it is getting more interesting, I still have a strong feeling about the price going up in these couple of days....
389.
Post 4170568 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
there's no volume, if someone would unload shitload that would leave a mark
unless you dump 20K bitcoin at once this is not going to happen, people who are waiting for that $500 or less will get burned or they will miss the train and have to either cash out their fiat or buy at a huge loss. But I am really confident about the price surpassing ATH by more then few hundreds of USD in a couple of weeks or so, yes we might dip a bit but we will recover so fast so for people waiting to buy back you better start opening realistic bids because the next dip will be a flash one (if it will happen)...
390.
Post 4173754 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
It was the same night I started playing the Phil Spector Christmas album and then found I had a Dolly Parton one handy too.
I woke up with a hangover and about 20,000 Doge Coins
Is that alot of doge?
Woof!
hahah what is doge worth any way ? all I know that some post stated the sub-reddit is growing so fast I went to check and they hade more subcribers than Litecoin's and the onlie people was more than Bitcoin's but then I checked the content.... well all I say you will threw Lolz every where, I was bored so I went to read the threads and I laughed my ass off....
so it is a phenomenon ! I guess people will pay money to have some laugh..... oh wait they do !!
391.
Post 4173905 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
bitcoin will so drop to 600 quickly protect your wealth by buying a few billion doge coins
Adam. You've been around a long time. Hell, you started this thread. Why in the world did you sell some of your BTC?
what makes yo think that a hero member had/have that much of BTC, hell when I knew about Bitcoin I was thinking if it was worth it to invest 500€, it took me sometime to decide apparently the price was at 10$ when I first invested, and BTW I thought it was safer to invest on mining hardware than actually buying BTC, you know in case that BTC falls to zero at least I would have the hardware (worst decision ever), I mined couple of bitcoins when the difficulty was around 2-4 millions and I sold all of them to "ROI" again worst decision ever, but then I had more Faith in Bitcoin and decided to invest all I can (didn't have that much to invest though) and bought back in batches from 10-130 (best decision ever), believe me I am not cashing all my Bitcoins at any point, I will cash some when the price is $5000 or so to buy a flat ( a father of 2 kids and taking care of another 2 kids and live on rent) but otherwise I will try to support BTC by getting more merchant accepting it.
today I was trying to convince a store about Bitcoin, the employee knew about bitcoin but didn't want to talk about it much(it wasnt up to him anyway), so I had to sell for cash to pay them...
392.
Post 4176004 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
what would I do if I wanted to buy huge amount of Bitcoin:
buy few hundred bitcoins, excute a market order sell to push the price a bit down, now sure the ask is still above you, so what you need to do is make your bot sell 0.01 Bitcoin constantly to give the impression that price is low and to trick other bots, low sell orders will start building, keep doing all above until the sell orders meet your expectations and than execute a buy market order.
what would I do if I wanted to sell huge amount of Bitcoin:
I would buy few hundred Bitcoins first to give an impression of price going up, than excute one sell market order and right after it a buy sell order of 0.01 to trick people/bots about the last price and repeat
and this is what was happening the last couple of days both when buying and selling....
go here and watch the last trades on the right, this is what is happening, now we are at the selling phase, before we were at the buying phase.
393.
Post 4182572 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
FinCEN released guidance for miners
http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations, because these activities involve neither “acceptance” nor “transmission” of the convertible virtual currency and are not the transmission of funds within the meaning of the Rule. This is the case whether the user mining and using the Bitcoin is an individual or a corporation, and whether the user is purchasing goods or services for the user’s own use, paying debts previously incurred in the ordinary course of business, or (in the case of a corporate user) making distributions to shareholders. Activities that, in and of themselves, do not constitute accepting and transmitting currency, funds or the value of funds, are activities that do not fit within the definition of “money transmission services” and therefore are not subject to FinCEN’s registration, reporting, and recordkeeping regulations for MSBs…
FinCEN therefore concludes that, under the facts you have provided, Atlantic would be a user of Bitcoin, and not an MSB, to the extent that it uses Bitcoin it has mined: (a) to pay for the purchase of goods or services, pay debts it has previously incurred (including debts to its owner(s)), or make distributions to owners; or (b) to purchase real currency or another convertible virtual currency, so long as the real currency or other convertible virtual currency is used solely in order to make payments (as set forth above) or for Atlantic’s own investment purposes. Milly Bitcoin’s Mining Rig
well this was better than the Slovenian guidance, in Slovenia Mining is treated as undeclared work in which miners will have to pay a fine for it and then Taxes..... well congrats for US miners.
394.
Post 4184435 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
FinCEN released guidance for miners
http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations, because these activities involve neither “acceptance” nor “transmission” of the convertible virtual currency and are not the transmission of funds within the meaning of the Rule. This is the case whether the user mining and using the Bitcoin is an individual or a corporation, and whether the user is purchasing goods or services for the user’s own use, paying debts previously incurred in the ordinary course of business, or (in the case of a corporate user) making distributions to shareholders. Activities that, in and of themselves, do not constitute accepting and transmitting currency, funds or the value of funds, are activities that do not fit within the definition of “money transmission services” and therefore are not subject to FinCEN’s registration, reporting, and recordkeeping regulations for MSBs…
FinCEN therefore concludes that, under the facts you have provided, Atlantic would be a user of Bitcoin, and not an MSB, to the extent that it uses Bitcoin it has mined: (a) to pay for the purchase of goods or services, pay debts it has previously incurred (including debts to its owner(s)), or make distributions to owners; or (b) to purchase real currency or another convertible virtual currency, so long as the real currency or other convertible virtual currency is used solely in order to make payments (as set forth above) or for Atlantic’s own investment purposes. Milly Bitcoin’s Mining Rig
well this was better than the Slovenian guidance, in Slovenia Mining is treated as undeclared work in which miners will have to pay a fine for it and then Taxes..... well congrats for US miners.
This has nothing to do with taxes. This is to determine whether FinCEN has any regulation. FinCen doesn't have anything to do with taxation.
Anyway, funny how they refer to their monopoly money as 'real' money
it is not only about taxes, a miner doesn't need a licence for a money transmitter in the US, but mining in Slovenia will be treated as undeclared work which is illegal and on top taxes you will pay a fine for it, so in order for a Slovenian miner to continue mining under legal conditions he has to open a business, which means there is no room for small miners.... Mining will be more centralized this way
it is funny though, the definition of undeclared work is "offering a service or doing a work for individuals or companies for a reward/payment" but in the mining case you are not doing it for anyone the Bitcoin protocol compensate you with bitcoins so there is no individuals or companies behind it which the Slovenian regulators doesn't get I guess...
395.
Post 4184545 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
What Loaded meant is that he has loads of customers who bought at $10-$100 and are eager to take part in Bitcoin's profits, but do not care about suffering its downtrends. He need to unload perhaps 10,000s of coins and is doing a good job manipulating the market to look like a good opportunity for the small traders to buy in. To sell the coins at this thin market a crash is required - there is just not enough volume in the updays.
In general, there is very little buying interest above $400. The smart money knows when there is more air in the bubble and has no problem waiting for not only realistic valuation but preferably despair.
if you want a crash make it happen, dump all your coins (the ones you "still" have), you know that you are embarrassing your self, everyone is laughing at your worthless "facts" oh I mean predictions..... want to see 400 again ? make it happen ...
only noobs fall for his "rich people like me" "market movers like me" "Pro traders like me" "my clients".....
396.
Post 4184556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
Instead of quoting and making insults, why don't you just count your BTC and learn from them who have more??
and here he goes again "learn from who have more"
397.
Post 4184574 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
OMFG!!! I LOVE BITSTAMP!!!
Just logged in on one of my accounts and found out that I had an order to buy at somewhere around $490.
It passed through and I got 10 BTC!!!
one of your accounts!!!??? how is that possible ? how could you verify "multiple accounts" ?
398.
Post 4184629 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
OMFG!!! I LOVE BITSTAMP!!!
Just logged in on one of my accounts and found out that I had an order to buy at somewhere around $490.
It passed through and I got 10 BTC!!!
one of your accounts!!!??? how is that possible ? how could you verify "multiple accounts" ?
I have two, it is possible.
And both are verified - I set up two ages ago, then when verification came along I did one at a time and have had no problems.
I didn't know that was possible, I had only one account that I did register right away even before they required registrations as they had the 10K USD restriction
399.
Post 4184714 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
Your hate-posts are noise. Wise up and quit posting them.
Quite many want to hear my predictions (or yours), but nobody wants to hear how much you hate me because I am richer for the reason that I have better track record than you in BTC.
I listen to Goat and Loaded because they have more BTC than me. Then some are smarter than me for example Zanglebert, wachtwoord and oakpacific. BitChick is just cute. But the others, no need to reply just to show hate; the time is better spent honing your own excels.
what makes you think you are richer ? do you know me ? or just because I don't brag about it and you have to tell that you are rich every second post of yours makes you think so ? GTFO
400.
Post 4184717 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
^
You really have problems if you think that anyone who addresses your predictions with a healthy dose of skepticism automatically "hates you for having more coins"
no, I now officially hate him
401.
Post 4185088 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
for some reason I have been so angry reading some posts from Mirsad and rpietila the past few days, the first for his racism and trashing a whole race (bosnians), BTW I am not even from balkan but I felt so angry when I saw his post I couldn't take it.
rpietila didn't piss me off until he started acting as a jerk you know what I mean " I am so rich" "rich people like me" "listen to who have more than you" " I am a pro trader" " my clients" and he doesn't even post a disclaimer where he states that his predictions shouldn't be taken for a trading plan... many noobs got owned by his "prediction".
forgive my tiny tolerance over such people, I do apologize to all members for crossing my lines and going off-topic....
402.
Post 4185562 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
This thread quite closely echo's many op-ed pieces in the press from market experts, its fairly obvious who knows the price of everything but the value of nothing. The "I've got more so therefore I know more" posts and articles are funny considering some of the biggest holders are early adopters who have no interest in the price and value their holdings purely on the systems potential and those people can move the markets as much as any whale. That's why TA is only useful as a way of seeing what the purely speculative interest sees and has little overall effect on a market that doesn't have a board, a business plan, profit and loss reports or any of the usual sources used as a base for predictions. Speculators and manipulators only move the price in a relatively narrow band, its the masses that make the big moves and a good part of that is based on the systems value. The price crashes only serve to reduce the speculative interest, they cant break the system so the value is unaffected.
+1
403.
Post 4185602 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
So much hatred, the last couple of pages.
Let's just try to agree on ignoring someone when you don't like what they're saying - it makes for a cleaner topic.
when someone being racist or when someone being a jerk we can not just let him continue, we have to tell him to stop doing that, I agree that an aggressive an insulting way is not the way, but it has to be done....
Edit: watching something wrong and being quiet about it is worst than the wrong thing itself
404.
Post 4185804 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
the market really have to move now up or down, or some many feelings will be hurt today hahahahahaha
405.
Post 4187121 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
Theymos broke me.
The End.
what ? how ?
406.
Post 4187405 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
;TLDR Not being in Bitcoin today is too risky.
This is what I also believed before jumping in to be a full time market analyst. But with decent excel skills it is possible to model many situations where it makes sense to have less than 100% in bitcoins, or trade.
I have so many lines of data and charts, for example I have analysed the bottoms of the recent crashes to 5 minute precision in all of the exchanges to find out where I get the coins cheapest and in largest quantity, and how quickly it falls, how quickly it bounces back, what volume is reasonable to expect, so what size of orders are best to use. From next week I have a new half-time assistant doing mainly the analysis of exchange behavior, so that the capturing of tops and bottoms should happen with even greater precision.
Why I mentioned limit orders is that unless you have 24/7 trading (which I don't know if anyone has), it is reasonable to have quite a lot of fiat parked in the range 20-50% below the current price. The crashes are so deep and in a sense so predictable (not possible to know when they will happen, but play out quite the same every time) that the exact placement of orders can net you
BTC10s easily. For example the Silk Road crash was an actual opportunity to buy at $90 in October. Yes, December-November-October. So many things happen in Bitcoin which cannot be predicted but can be captured with limit orders. Not being in Bitcoin is risky, but cutting your # of coins in half by insisting to buy now is not too smart either.
It is a shame that only stupid people tend to reply to my analysis, you know the ones who only want to know if the market will go up this afternoon (which in fact is the thing I
could influence the most, thus nullifying the actual predicting) and cannot comprehend an advanced prediction such as "with 70% certainty we visit $450 before hitting $1,100 which makes it a wildly profitable +32% EV play after fees".
I am sorry if any person in any standing whatsoever has been offended because of my hard speech towards the trolls who don't know how to behave respectfully.
Besides there are some strawmen arguments that I have been wrong with market calls. There is one that I remember (quitting yelling "crash" when we had climbed to the top) but every other call since the start of the October bull market has been correct afaik. If you want to say that I was wrong, please post the wrong call in context and explain why it was wrong. Or refrain from lying.
quite barging already and stop acting as you are the smartest trader here, I do remember at one point you saying that you could buy the whole existing bitcoins I mean WTF...
you are what we call new money, people who are "so rich" should help some charities instead of acting smart and trashing people with "I have more you should listen to me" because this is just sick .
in the other hand these are the people who I love watching around the Bitcoin economy
http://america.aljazeera.com/watch/shows/live-news/2013/12/bringing-homelessoffthestreetwithbitcoins.htmlin case he decide to delete his post like he always do When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.
Too bad, somebody else did. I suffer the consequences.
my main argument was that during the run up of apple and google there were people who said exactly this
im saying bitcoin is similar, you still wanna throw that bet down you never replied to that you nancy
No, I never had the money to buy the entire market cap of either Apple or Google. With Bitcoin, many of us did. Now THAT is a remorse.
407.
Post 4187593 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
you are what we call new money, people who are "so rich" should help some charities instead of acting smart and trashing people with "I have more you should listen to me" because this is just sick .
People "should" do, whatever the hell they please. No-one here needs classes in your morality.
freedom right ? although some people want to kill,rape,steal..... you know just saying.....
Ok now back to the topic, I apologize once again, I will stick to the topic and ignore posts that hurts my eyes.... everyone have the right to express their point of view, but I am going off-topic because of some of the "smart" posts... it wont happen again
408.
Post 4187905 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.47h):
(1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.
This one also drives me crazy.
The only possible explanation I could find is that Kapeles has special customers which are somehow kept happy.
compare order books on multiple exchanges and you will know why, big players will most likely trade at gox because of the huge buy/sell support...
409.
Post 4188816 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Wake up to find no movement and 3 pages of butthurt people bashing on rpietila yet again.
That was me two years ago. People who makes waves, right or wrong get that sort of reaction. I like reading rpietila's posts as they are well thought out and are logical, even if I do not agree with them 100% of the time.
Would be a crazy "free market" if we all thought the same thing all the time.
I think you did not understand my input and I see that many other members didn't as well, his "predictions" reflect his points of view, I have to respect it even if I do not agree, I think we all agree on that, but being the "smart" trader who tells people "they should listen because he has more" and" rich people lime me" " market movers like me" " pro traders like me" " I am richer than you so you should #$%" this is unacceptable for me.
a person have to learn how to listen to opinions the same way he express opinions, we all had right and wrong calls, but we are not jerks and we don't trash people because we are rich, I don't see you doing this! as far as I know you are way richer than him in both Bitcoin and Litecoin.... so why don't you trash members ?
I have a real good time reading posts here, and I've learned allot from members here, Bitcoin became a real important part of my life, but the last couple of days I have went down to a zero level because of few annoying posts, Mirsad being racist, and rpietila ...
again if I was disrespectful to anyone of you for no reason, I apologize, my personality has a really limited tolerance when it comes to such things.
and can we please forget about all the above and just move on....
410.
Post 4188821 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
wow I was typing a long reply to see a 3000 BTC dump
411.
Post 4188949 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Wake up to find no movement and 3 pages of butthurt people bashing on rpietila yet again.
That was me two years ago. People who makes waves, right or wrong get that sort of reaction. I like reading rpietila's posts as they are well thought out and are logical, even if I do not agree with them 100% of the time.
Would be a crazy "free market" if we all thought the same thing all the time.
but the last couple of days I have went down to a zero level because of few annoying posts, Mirsad being racist, and rpietila ...
Wow.. not putting mirsad on the ignore list, really?
yes I do not put people on ignore right away, they have to really piss me off...
412.
Post 4193000 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
well I will threw my thoughts here.
someone pulling data from the 2011 crash and April 2013 crash and the price movements in between and trying to compare that data to today's market is just insane, the situation is all different, and for the sake of the argument just look at the time it took for a recover in 2011 and the time to recover from April 2013. one conclusion : people got educated about these crashes, so many people waiting for the same thing.... unless there will so bad news or some big fish decide to cash out we are watching a slow growth with some corrections in between ... (not you rpietila, you are still a tiny fish for me a sardine as a single sardina in other word )
BTW a big fish will sell that amount of Bitcoin off the books
413.
Post 4199822 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
good morning, I was reading the last few pages, I've got the impression that something was happening last night, I went to check the price chart and cant see any major drop !!!
so are bears still talking about a dream or there is an actual fact will be leading the drop ? the price seems to me somehow stable....
for the long term holders, I honestly don't think that the price will go 100x like it went this year, but 2-5x seems reasonable and achievable to me...
414.
Post 4200181 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
all I see that bears talking about a drop/crash but no one states why, and please don't pull the "data from the last two crashes", because unless you compare the reasons of why they crashed the last two times with this time you are not going to convince me.
I can count dozen of good news that might drive the price up, but I would like to know why it would drop to $450-500 ?
415.
Post 4200380 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
all I see that bears talking about a drop/crash but no one states why, and please don't pull the "data from the last two crashes", because unless you compare the reasons of why they crashed the last two times with this time you are not going to convince me.
I can count dozen of reason of good news that might drive the price up, but I would like to know why it would drop to $450-500 ?
idk how low, but i have presented some numbers to back up further down move
- bid/ask ratio is down
- bid/ask ratio peaked at $764 stamp and trend is down
- a lot was sold yesterday, yet little was bought when we got back up
- important support ($700 stamp) was
sold through
- price trend is down, lower high was $725 stamp
- there's no volume
calm before storm?
- bid/ask ratio is down
true - bid/ask ratio peaked at $764 stamp and trend is down
IDK- a lot was sold yesterday, yet little was bought when we got back up ,
think about it, allot sold means allot bought.... - important support ($700 stamp) was
sold through ,
I think there is still a fair support, but mybe a flash drop that will recover right away is also possible - price trend is down, lower high was $725 stamp,
still doesn't justify a drop to 500! - there's no volume,
I agree, but we are at a part of the year when this is normal
416.
Post 4200453 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
ofc one big reason in background is that this is probably bounce from the last big down move 1163 - 382, it's not likely that we could recover this fast, despite we're talking about bitcoin
the last day of the weekend, lets see what will happen till tomorrow, although I wont sell a single Bitcoin, I am sending more cash to Bitstamp so if this really happen I will be more than happy
by posting things like this it doesn't mean that people will sell their coins, a bear market to me means "buy" a bull market to means "sell", and BTW most people have learned to hold especially after the events of this year, so I think you will see more new cash coming in instead of people freaking out and selling, the week hands already sold....
417.
Post 4200547 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
i think the (selling) volume will go up after 700 is down, 380 coins left
edit, okay now 429
you know that stamp doesn't move the market right ?
Edit: at least I cant remember when it did !!
418.
Post 4200650 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.
I am still waiting for that crash.... how do you define now by a time frame, my English dictionary show this result :
1.
at the present time or moment: You are now using a dictionary.
2.
without further delay; immediately; at once: Either do it now or not at all.
3.
at this time or juncture in some period under consideration or in some course of proceedings described: The case was now ready for the jury.
4.
at the time or moment immediately past: I saw him just now on the street.
5.
in these present times; nowadays: Now you rarely see horse-drawn carriages.
even though that in physics "now" doesn't exist, so I guess you were referring to future ? any time stamp ? I will make sure I will buy some of your coins....
419.
Post 4201500 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
420.
Post 4201664 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Nice work @mmitech! Did something similar but with trading around 40btc... and when the crash was over I traded btc for ltc at ratio 0.02689, now is 0.03148 but I'm waiting for around 0.04 so I will get some extra btc without going to fiat
Pozdrav s Celja
Lep Pozdrav iz Kranja
421.
Post 4201832 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Nice, congrats!
So what I say is a Screen shot or GTFO...
ok..
still don't see the trade history that reflects your post, having money sitting is something and showing that you are a "Pro trader" is another thing
, If you will convince me that you believe (and do) as you post, I will post an apology about the past few days (still doesnt mean I will agree with every post of yours)
and BTW, I dont daily trade because I am horrible trader, I managed to do few of good trades (being lucky) and so many bad trades....
422.
Post 4202462 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
I think you didn't understand what I asked for, I can post a made up data as well, I can tell from a screen shot whether you really do and believe what you post here (short term) around, or you are just a troll and try to move sentiment to your desired position.... because you act as a consultant and a trading adviser...
I will still ow you an apology if you prove me wrong, I have no problem admitting my weakness/mistakes if they are pointed out with a prove.
and BTW what is that proxy image thing !!?
Edit: my uploads has been deleted, I cant find them on imgur !!!
423.
Post 4202582 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Never seen it mentioned here, so just throwing this out, but what happens when the *kids* discover crypto? That's my take on doge - it might not be the one that does it, but if there aren't thousands of proto geeks mining doge at the moment I'd be amazed. All the things we love about bitcoin apply in the playground - it's going to be the next wave of adoption.
how much is the network hashrate of doge now anyways ?
424.
Post 4202767 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Never seen it mentioned here, so just throwing this out, but what happens when the *kids* discover crypto? That's my take on doge - it might not be the one that does it, but if there aren't thousands of proto geeks mining doge at the moment I'd be amazed. All the things we love about bitcoin apply in the playground - it's going to be the next wave of adoption.
how much is the network hashrate of doge now anyways ?
26.6 GH/s
https://vircurex.com/wow look at this
Litecoin : ~92 GH
Fathercoin ~ 6 GH
Dogecoin ~ 27 GH 
the world is going crazy over this...
425.
Post 4203098 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
I think you didn't understand what I asked for, I can post a made up data as well, I can tell from a screen shot whether you really do and believe what you post here (short term) around, or you are just a troll and try to move sentiment to your desired position.... because you act as a consultant and a trading adviser...
As you should understand by now, by checking how long it takes for me to enter and exit a trade (from the valuable info I posted which - properly analyzed - would greatly boost your skills also), I cannot offer such a service which wakes up all small traders at the instant I make a move
Besides I don't understand this consultant thing, I haven't sold such services for years really, nor intend to. All the contribution here is free and buyer beware, as with everybody else's. I honestly believe that people should pay more attention to the opinions of successful people, and have taken some provocations as opportunities to show proof of the success. This is a second time (only) that I have posted a complete record of trades in the ballpark of
BTC1k, and will remain so. Keep your apology if you want, and believe it will earn you better karma. I will not put you on ignore, because I like your posts, but I will kindly ask you to ignore me as you seemingly cannot take my facts as they are and develop a conversation based on them.
If anyone wonders why my post quality is so low in this thread, it is not because of my lack of willingness to contribute, it is because mainly the fools reply to my posts and the smart people do not pick the ball.
As much as it seems to you that I "trash" your posts, I am not putting you on ignore, in fact my ignore list is really small, if I didn't ignore Mirsad (being racist and an ass) why should I ignore you ?
I do not hate you, but I do not agree with some of your posts, I neither disrespect your point of views, but my character (ego) has a really small tolerance to some kind of behavior.
I apologize if you understood my posts the wrong way, but I would like to advise you to learn to respect other peoples inputs as much as you want yours to be respected, and leave the "how rich I am" and " I have more you should listen to me" and "market movers like me" and you know exactly what I mean here, because by that no matter how good your analyse or accurate they are, you are just giving members a bad picture about your self (such an ego, though I have a problem with my ego till I met you).
the moment you think that you know everything is the moment when you know nothing and you wont be able to learn anything, and BTW you own things so don't let it own you...
426.
Post 4203154 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
As if what Risto posted isn't equally credible as a screenshot. Both require a comparable amount of work to be faked properly.
Anyway, does it really matter? I'd prefer people listen to the argument rather than the arguer.
well does it ?!! I like to argue too, but we need to know how to argue... you cant break a wall with your bear hands you need tools, I don't know if you understand what I am trying to say, or you just act like you don't but I am sure rpietila did understand what I am trying to say... otherwise he wouldn't answer my posts.
it is solved anyway so lets us talk about the price and BTW doge is scaring the hell out of me....
427.
Post 4203441 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Never seen it mentioned here, so just throwing this out, but what happens when the *kids* discover crypto? That's my take on doge - it might not be the one that does it, but if there aren't thousands of proto geeks mining doge at the moment I'd be amazed. All the things we love about bitcoin apply in the playground - it's going to be the next wave of adoption.
+1, they'd be more in touch with social trends too, the next meme, vid, etc. could turn into the next hot altcoin overnight. Its worth spending a bit of time on MMO's etc just to see the trading too, there's plenty of 12 year olds out there that would put the most wizened used car dealers to shame
Totally - trading - establishing your own value systems that are not under authority control is everything when you're 12. Don't know/care if it will help bitcoin in the short term, but the kids will build a foundation under our dreams, because they're not stupid.
I'd guess Bitcoin will be the backing behind that for a while too but if it takes off and evolves fast then Bitcoin could get left behind. Dogecoin's hash rate is a little suspicious, I'll have to read up on the hashing method but I thought it was more or less the same as hardware as litecoin. If so it's either become an internet phenomenon with a hell of a lot of new adopters or there's some big iron behind it, there was a lot of money spent on GPU's for mining and a large part of that went into litecoin so dogecoin having a higher hashrate doesn't make a whole lot of sense. I'll take a look at that one now.
Does anyone know whether merged mining of Scrypt coins has been developed?
when Feathercoin was attacked many times Litecoin dev's suggested for Feathercoin "devs" (yes I just did it, you cant call them Devs read some history and you will know what I am talking about) that they can offer help for merge mining Feathercoin to Litecoin's network... but Feathercoin "devs" (yes I did it again) didnt want to because they believed that their Insta mined coins will be worth millions and merge mining will kill their coin (scam) ...
428.
Post 4203534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
why "devs"
someone who did copy an opensource project and changes some parameters (name and market cap), and yet not being able to update the client from 0.6 to 0.8 even with the source code being public is not a developer to me...
I wont comment whether Litecoin is a scam or not, but what I know is that Litecoin devs are helping Bitcoin devs implementing new fixes and even helping pay for some of the know bugs...
Edit: I will try to find the thread when the feathercoin "devs" were trashing Warren (the team leader dev), simply because he didnt want to help them update the client, and he even did mention if they are a real "devs" he did put some unique codes that will work only for litecoin and will kill other coins if they wont figure out what was it before implementation.... I do not know if they did figure it out I will check now
429.
Post 4203600 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
why "devs"
someone who did copy an opensource project and changes some parameters (name and market cap), and yet not being able to update the client from 0.6 to 0.8 even with the source code being public is not a developer to me...
I wont comment whether Litecoin is a scam or not, but what I know is that Litecoin devs are helping Bitcoin devs implementing new fixes and even helping pay for some of the know bugs...
they are at version "Feathercoin 0.8.5" last time i checked.
and i've heard they had problems with the minning dif. because everyone was minning and then suddely stopped, leaveing the dif really high and no one was able to solve a block. they solved that.
feathercoin.com is very well done.
the video is well done
this screams talent and hard work to me....
mmmm interesting, is the source code of 0.8.5 provided ? I want to compare it to litecoins 0.8.6.3
Edit: a web developer not necessarily is a core developer
430.
Post 4204618 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
well after finding this video with almost a million view
http://www.youtube.com/watch?v=Y7sLYNwevDQ&feature=youtu.be doge just make more sense, a million view makes 16K sub-reddit subscribers looks legit .... no seriously what is wrong with world !!!
Edit: ooh and the lyrics.... I cant undo what I've just seen and heard
431.
Post 4208281 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
are you sure one guy dump on all exchanges everywhere ?
It started at GOX, few seconds later, the other exchanges followed.
its not one guy, it's never one guy, stop thinking its one guy.
two guys ?
432.
Post 4208790 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to sell boys!
too much fiat ?
433.
Post 4208886 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.
are we still at now ? or were you just trying your luck ?
434.
Post 4208972 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.
are we still at now ? or were you just trying your luck ?
its about how you define "short-term"
"now" defines it
435.
Post 4209372 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.
Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.
My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate).
Everything that has happened since 2009 is captured by the trend and its variations, and will be.
There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how
good I am doing for the reason that I always have more bitcoins than fiat anyway
So, after smoking the
best the world has to offer, I again feel that taking a break from this thread is in order.
See you at $500. And don't fall in the bull trap
you have really to brag about your millions and what you are smoking hahahaahah, man what an ego, maybe you understand some market(silver market?) but you dont understand the network effect and the technology that bitcoin offers, most of your calls were wrong, the calls where were you right was just a lucky call, like most of traders here, you need more luck than anything else.
Bitcoin is the most unpredictable asset, there is no company that you can analyze, there is only early geek adopters and really early techno savy entrepreneurs that crash the market when they decide to cahs some profit, BTW your only advantage "for these many millions" is the time when you knew about Bitcoin. many of us here invested more Fiat than you maybe saw in your life so stop braging about your "millions".... new money this is what is it called
436.
Post 4209594 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
I've been reading here a bit and try to follow rpietila since I think he is one of few here that really has the experience and the balls to follow his knowledge. Fwiw I think he's putting to much weight in the logarithmic trend line. I'm not sure if he is basing his bear call on other technicals but if he isn't I think it's a mistake. As of right now I'd say technicals are looking much better then they were before the dip bellow $500. I don't know why I'm posting this. Guess I want to give rpietila some support for his skills but at the same time spank him a bit if he's making this bear call only on the basis of the log trend line.
Discuss.
when I see technical/mathematical/Professional the same words that he uses, I get so happy you make me laugh my ass off
, based on what you make a technical and mathematical calls when dealing with Bitcoin trading ? only noobs falls for his calls, the guy has a good amount of money sitting and waiting to buy back, why he shouldn't troll about a drop/crash ?
such an ego can make you lose all what you made, and god it is epic when he start talking about his "millions" it proves his weak personality, instead of addmiting he fucked up he has to mention how many he have ( when he is out of money he will brag about how big...) hahahahahaha
and noobs lick his balls, good job clap clap clap
437.
Post 4209866 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.
Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.
My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate).
Everything that has happened since 2009 is captured by the trend and its variations, and will be.
There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how
good I am doing for the reason that I always have more bitcoins than fiat anyway
So, after smoking the
best the world has to offer, I again feel that taking a break from this thread is in order.
See you at $500. And don't fall in the bull trap
RP what I don't get is if you truly truly believe your log charts of 12x growth every year then why even trade? You are risking tens of millions of dollars in order to make a few more tens of millions. Isn't there something more worthwhile of your time. Like maybe starting a foundation or something?
Because his ego needs feeding. A little humility would suit him.
I am not sure it is pride. He is indeed a multi millionaire. Most of us here, myself included are not. He is in a position to use his wealth and BTC holdings to make more profits. Is it prideful for him to make comments about what he is doing with his wealth and some of his strategies and what has worked for him? I think many here are just envious. I think the humble person will think that perhaps in a year or two, if BTC continues the growth that we are on, could be in a situation in which we have great wealth too. We could come on the boards and share what knowledge we have gained and the "cigars" we are enjoying and everyone will rise up against us too. Perhaps staying quiet and being more subtle, like Loaded or a few other big holders, is wise in that there is less angst against them, but Risto is just sharing his knowlege and experience and even his success with us and I personally really appreciate it.
OMG did you say sharing his knowledge ? you are kidding right ? the only knowledge he has regarding Bitcoin trading is how many Bitcoins he has.... all his calls were false the one he've got right were pure luck, it is like someone talking everyday for one month, what are the chances that he will be right? ah got it ? now don't tell me his long term calls were right! well wow guess what, no matter when you bought Bitcoin the last 5 years it turned out to be a hell of investment, you do not need any one to tell you that.
and yes I am so annoyed because each time he fuck up, he has to brag about his wealth instead of saying "oops I was wrong" this is ego not pride, and you know who does that people with weak personalities.
again, his only advantage is being an early adopter, and BTW when he knew about Bitcoin he might spent few thousands or ten of thousands USD, allot of people invested a kind of money that he never saw in his life before investing into Bitcoin and I am sure about it beacuse his kind is called "the new to money", he doesn't own money but money owns him
438.
Post 4209890 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
I've been reading here a bit and try to follow rpietila since I think he is one of few here that really has the experience and the balls to follow his knowledge. Fwiw I think he's putting to much weight in the logarithmic trend line. I'm not sure if he is basing his bear call on other technicals but if he isn't I think it's a mistake. As of right now I'd say technicals are looking much better then they were before the dip bellow $500. I don't know why I'm posting this. Guess I want to give rpietila some support for his skills but at the same time spank him a bit if he's making this bear call only on the basis of the log trend line.
Discuss.
I've said something very similar yesterday, and before that as well (okay, I said it with more snark, but that's because I prefer to act dickish myself when corresponding with people that act dickish).
A log trend line (more precisely: linear regression on log charted price history) is a nice little tool to get a feeling for where we are at any point in time compared to the historic trend, and where we're going to be, very very roughly, in a few months or a year from now.
It is very much not a method to conclude that, right now, we have to go down another 33% to match the trendline, or that price has to rise by 2.575% to fulfill our yearly growth quota.
Add to that the bragging and the unjustified arrogance, together with a big dollop of exaggeration ("several millions"), and I'm suddenly much less forgiving towards his TA failures than I am with anyone else's.
+1
439.
Post 4217430 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Good morning, so what did I miss ? Stamp seems really resistant, Price hardly catching up, and BTC-e price higher than Stamp ? speak about madness !!
440.
Post 4219084 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.48h):
Holy crap, we broke through the 20btc wall at 810.
even 20 BTC is a wall when the volume is so low...
441.
Post 4225780 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
[trolling]
Dear bears!
what Makes you sure that the price will drop ? don't give me the "comparing with the last few crashes" because it is different every time, and every crash lasted less than the one before it, so I am really curious did you dump your coins already ? maybe I am wrong, so this is why I have Fiat sitting in my stamp account now, please dump your coins and crash the price because this is the only way price will crash, and I will make sure to get a piece of them.
[/trolling]
No seriously, it is a real small volume to judge from....I think the price is not moving because whoever believes that the price is going to crash has sold and who ever think the price will go up has already bought add to all that is we are in a time of holidays..
to be honest I did add some cash to my account just in case, I don't want to invest more money in Bitcoin but I don't want to miss the chance if there will be a big drop ....
442.
Post 4227180 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
anyone trying to figure out what that tweet was about, and who is the player is going to be here is some clarification http://www.reddit.com/r/Bitcoin/comments/1sov9z/anyone_know_the_hedge_fund_entering_the_bitcoin/
I still do not understand the whole thing
Edit: WTF this is 18 day old news.... sorry guys I didnt see the date, I just copied it because I was redirected there, I thought it was something new
but the idiot who tweeted that is getting trashed on reddit
443.
Post 4228359 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
god damn, we need some volatility now, I need the price to go up to $10K USD than it can be stable for some time.... I am a bit bored watching these stable prices
444.
Post 4251800 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
Happy new year and good morning to everyone, if you think that 2013 was the year of Bitcoin wait to see what this year will bring.
445.
Post 4251969 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
and no fucks given by Stamp
446.
Post 4254459 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
Mark zuckerberg invested 50 Million in Bitcoin Mining !!!! is this real
this was posted on the Washington post so...
Edit: fake dont click and dont install the Java plug in
447.
Post 4260000 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
what does organofcoti say about this? i highly doubt its 100% true
Voodah, it's just "luck". They're legit and never cheated.
I sincerely hope both of you guys are right..!
I don't really enjoy this at all, and know, calling this out can generate a certain level of hatred by some.
Still, I think we need more transparency.
I'd recommend reading up on things before coming to conclusions and pointing fingers. What you posted is in no way unusual.
Additionally, selfish mining doesn't apply to BTC Guild. As posted above, Selfish Mining is GUARANTEED to noticeably increase the number or orphans on the network. This not only makes it obvious its being done, but BTC Guild *pays for orphans* when its blocks are orphaned. BTC Guild would actually become unprofitable if I ever attempted to do selfish mining because of that simple fact.
I know you are a trustworthy individual but no matter how honest you are and/or who is on charge of BTCguild or any other large pool (Ghash.IO) this is not how things meant to be, this is against the Bitcoin concept of decentralization and taking the trust from individuals and organizations and putting it on a distributed network....
if we will start feeling comfortable about BTCguild or any other pool getting bigger and bigger than we better cash the BTC and put the money in a Bank, at least if the bank get robbed the government will pay us back some of the loss....
448.
Post 4260909 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
I know you are a trustworthy individual but no matter how honest you are and/or who is on charge of BTCguild or any other large pool (Ghash.IO) this is not how things meant to be, this is against the Bitcoin concept of decentralization and taking the trust from individuals and organizations and putting it on a distributed network....
if we will start feeling comfortable about BTCguild or any other pool getting bigger and bigger than we better cash the BTC and put the money in a Bank, at least if the bank get robbed the government will pay us back some of the loss....
This argument would make sense if I was doing something to try to lure users in. Reduced fees (or 0%), promotional events, referrals, etc. BTC Guild's entire business is based on providing superior service, and in return it charges what I would consider a reasonable fee. BTC Guild has been shrinking, though that's mostly due to ghash.io's private farm which is roughly 10% of the network if not a little more. I'm not trying to claw it back in any way, and have made changes in the past to purposely push hashing power off of the pool when it was getting too large.
you can always close registration..... we have to stop finding excuses instead of solutions, although I am sure that Ghash.IO is the biggest threat to the network, but the concept of Bitcoin should be respected by everyone regardless how trustworthy they are..
449.
Post 4268926 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
good morning and happy new year, so what is up ? any news ?
450.
Post 4269124 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
good morning and happy new year, so what is up ? any news ?
CNBC demystifies bitcoin:
www.cnbc.com/id/101298888And a happy new year to everyone!
I saw that Video before, BTW I was on Reddit now and the Porn thing is all over the place.....
451.
Post 4269138 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
good morning and happy new year, so what is up ? any news ?
Lots of green shoots!
the volume is still very very low though, I am curious for how long this will continue...
452.
Post 4269691 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.49h):
Chinese are the best ping pong players.
my Ethernet card is the best ping pong player! got it ?
453.
Post 4276019 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.50h):
WOW look at that instant order
454.
Post 4293148 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.50h):
I would like if someone could explain this to me. How someone who is mining BTC can be a bull? I mean miners sell at some point for whatever reason don't they?
I'm a miner. I don't spent a single coin I mined last year, nor will I start it this year. I'm comfortable hodling.
I am a miner last three years. I had to sell at some point, had to sell at 10$ few times, sold more than 500 btc in these 3 years, bank loans, just life I have job my wife didn't we had to sell. So I feel bearish not bullish as a miner.
the same here, I didn't mine much (just a couple) but I also had to sell allot of bitcoins (the wife loosing her job and a new born son) if I had the chance to hold till today I would have made allot more...but this is life and BTW this is good for the adoption, many holding hands better than few holding hands, it assures some kind of stability....
455.
Post 4307873 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.50h):
and we just broke 900
456.
Post 4310258 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.50h):
How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?
How will 3 banks acquire 99% unless people are stupid enough to sell?
It's open source, remember?
can you explain how the open source nature of Bitcoin has to do with banks being able to own 99% ? do you even know how Bitcoin works ?
457.
Post 4310456 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.50h):
How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?
How will 3 banks acquire 99% unless people are stupid enough to sell?
It's open source, remember?
can you explain how the open source nature of Bitcoin has to do with banks being able to own 99% ? do you even know how Bitcoin works ?
No he can't.
It is open source though
let us get hold of thousadns of bitcoins... it is open source so...
458.
Post 4312254 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.50h):
updated 3 month snapshot:
good luck waiting for that 300, I just wish you wont regret it.... "oooh rien de rien Non je ne regrette rien"
459.
Post 4322984 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
good morning, so I go to sleep and you start a party without me ? how dare you, HOW DARE YOU? hahahahah, so even with that dump on gox the 900 is holding good and we didn't visit 400 oops I meant 800... bears got it ?
460.
Post 4324578 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I have a feeling that 2013 is repeating all over again, it seems that there will be a new race, but the only difference is that Bitcoin has gained so much popularity and got so much attention now and a hard crash as April's one will not most likely happen, or at least it wont go that deep.
461.
Post 4325921 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment.
It depends on the person. I have more money than I have ever had in my life invested in Bitcoin.
Had I earned that money through a regular job, there is no way I would consider putting it all into Bitcoin. But since it came so easy, it wouldn't hurt so much if I lost it all.Probably how I would feel too.
It's not rational however
It's not rational at all, but I feel the same way. I've been trying to ask myself if I had all my bitcoin-value in FIAT... would I buy as many bitcoins as I own now? Answer is usually: no, not even close, I wouldn't.
Then why am I not selling? Well, I actually am, but I can't bring myself to sell even close to the required amount. Why? Well, I guess I probably learned by pain through past experience that selling Bitcoin is not a good idea.
Selling precious coins when you're a bull is extremely hard. Harder than "not buying" even though you're bullish, I guess.
I feel the same, I bought my coins from 10-130 I sold most when the price went to $50 thinking "yea I made a huge profit" but when the price kept rising I was amazed, then when Bitcoin was around +100 I had a hard time convincing my self to buy back, I bought back and now I hold 5 times less what I suppose to have if I held and didn't sell, now that I have a clear view and a good understanding of how Bitcoin works and the its concept, there is no chance that I will sell all my stash even if the price will crash to 100, maybe I would sell to buy back at a lower price but not to go all fiat.
although when I decided to invest in Bitcoin I first decided to buy hardware for mining the difficulty was around 3-5 millions ? but I mined just a couple of coins because I was having stability issues and lack of time to get around mining, I lost so much of time not caring about my miners and the there was the block halving and everyone yelled mining is not profitable anymore.... I also didn't want to buy an ASIC because they seemed expensive and I didn't believe in the pre-order thing, so I just had to sell the hardware and buy bitcoins.
If I bought bitcoins at the first place I would be in a better position, but it was fun anyways, and I got the chance to read and understand most of the technical part of bitcoin when I was trying to mine...
462.
Post 4325977 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
BTW the order book on mtgox showing circa 18500 BTC on the ASK side... soon there will be no Bitcoins this cheap for bears
463.
Post 4326296 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
wtf is this? are we rabid dogs? i just made as much as i made in the previous 9-day period in the last hour
not efficient in the slightest, guys. prepare for some serious profit-taking at the end of this ride
sometimes i believe the whole bit about speculators enhancing liquidity and such but other times i think it's a load of shit and all of this volatility is greed and fear manifested. good job newbs
BTW Bitcoin have constant growth by design
, it is just about time that boost appeared, in a matter of a year or so we will look at todays price and we will say so cheap coins
464.
Post 4326700 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I can just bet that bears will panic when the 1000 is broken.... you will see the real panic buying then
465.
Post 4326770 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
1000 YAY
466.
Post 4326873 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
467.
Post 4327281 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
there will be some resistance around 950-1100, it will take some time but bids will catch up and the price will continue rising, I think we will go beyond 2000 in few weeks
468.
Post 4327810 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I recall rpietila prediction about going to 800 than crashing all the way down to 400 and staying there for some time, I really want to hear his input about the late events, because you all trashed me because of being a bit aggressive about of his prediction
he logs everyday and he doesn't post a single word, if you are reading this I am still interested on your fancy predictions and especially the way you drag the noobs by bragging about the expensive cigars and the money you have...
469.
Post 4328054 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I recall rpietila prediction about going to 800 than crashing all the way down to 400 and staying there for some time, I really want to hear his input about the late events, because you all trashed me because of being a bit aggressive about of his prediction
he logs everyday and he doesn't post a single word, if you are reading this I am still interested on your fancy predictions and especially the way you drag the noobs by bragging about the expensive cigars and the money you have...
Didn't he promise not to post before $350?
Well he's broken that promise if so. He accurately predicted the fall. So did walsoraj. He also invited us to "JOIN THE BEARS," the first time it hit 900. Of course anyone who did so would have missed the run up to 1200, though still could have bought back in and increased their position true if they were patient.
I don't blame Risto for his predictions. He was basing them on a log-linear line in the growth adoption curve. He may very well be readjusting that because it appears we are on a much faster growth curve as seen on these charts:
https://bitcointalk.org/index.php?topic=322058.msg4227521#msg4227521well, he has such an ego, people with that kind of ego make great things in life but cant hold to them, at the time when I proved him wrong he could just admit that he was wrong, but he kept bitching about his millions and he even said "you should listen to people who has much than you" and I like the club thing that he has to bring all the time, "a Pro trader like me" hahahaha and " my clients" and "my club" , I mean get the fuck out idiot...
470.
Post 4328202 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I recall rpietila prediction about going to 800 than crashing all the way down to 400 and staying there for some time, I really want to hear his input about the late events, because you all trashed me because of being a bit aggressive about of his prediction
he logs everyday and he doesn't post a single word, if you are reading this I am still interested on your fancy predictions and especially the way you drag the noobs by bragging about the expensive cigars and the money you have...
Didn't he promise not to post before $350?
Well he's broken that promise if so. He accurately predicted the fall. So did walsoraj. He also invited us to "JOIN THE BEARS," the first time it hit 900. Of course anyone who did so would have missed the run up to 1200, though still could have bought back in and increased their position true if they were patient.
I don't blame Risto for his predictions. He was basing them on a log-linear line in the growth adoption curve. He may very well be readjusting that because it appears we are on a much faster growth curve as seen on these charts:
https://bitcointalk.org/index.php?topic=322058.msg4227521#msg4227521well, he has such an ego, people with that kind of ego make great things in life but cant hold to them, at the time when I proved him wrong he could just admit that he was wrong, but he kept bitching about his millions and he even said "you should listen to people who has much than you" and I like the club thing that he has to bring all the time, "a Pro trader like me" hahahaha and " my clients" and "my club" , I mean get the fuck out idiot...
Is that your ego speaking?
no, I even told him that I will apologize publicly here if he will share a screen shot of his bids to make sure that they reflect the actual prediction, but did he ? yes he did show me a screen shot of 1.4 million dollar sitting there on stamp, so again he wanted to show me how rich he was....
471.
Post 4328787 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
bitcoins keep coming to the exchanges and Asks keep building, Bids are really slow and not catching up that fast
couple of hours ago the sum of total ASKs was around 15000 BTC
most interesting is the Bid sum seems to be the same, this means who ever sold before or had low bids didn't change that position yet.
472.
Post 4330539 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
rpietila just created a new self moderated thread: I will make it my duty to stop his fucking ego that harms the noobs.
Welcome to the new business lounge. Wine and cigars are on the house.
The intention of this thread is to post analysis on short to medium term fiat/BTC price developments, scenarios, portfolio allocation, etc. what fits the topic. No double bottoms, ad hominem, trolling or low level comments. As usual, your post will be deleted if not conforming to guidelines above.
Welcome to the new business lounge. Wine and cigars are on the house.
The intention of this thread is to post analysis on short to medium term fiat/BTC price developments, scenarios, portfolio allocation, etc. what fits the topic. No double bottoms, ad hominem, trolling or low level comments. As usual, your post will be deleted if not conforming to guidelines above.
instead of bragging about your cigars and millions and your worthless predictions you could just start helping the people in need and post about it to be a model for others....otherwise go shove your millions and cigars up your ass, I just gave you the first comment to delete start from here
he will delete and report me for sure, but totally worth it
473.
Post 4338867 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
good morning, so not much action was happening overnight (EU zone), now that the week started and everything has started working again what is our next jump ? a new ATH ?
474.
Post 4339889 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I don't know why people think that big holders will dump, the more price will rise the better it works for them, even if they need fiat, selling 1000 BTC at $500 is not like selling 1000 BTC at $2000.
it works better for them when the price go up, will they buy the same amount or even half of what they hold now if the price drop to $500? I don't think so... and BTW big holders look in investing in bitcoin startups instead of cashing to FIAT, by that they surpass regulation and the hassle of getting that cash on their accounts
475.
Post 4339959 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.
For about 40 million you could get a corner on bitcoin.
That's about 9 days of mining output.
If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.
Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.
People will probably flame me for saying this but whatever. I am contributing by buying and hodling.
really ? this is the same on every stock market, even the same with gold and silver, when we say a company is worth X billion this means it is based on the trading price of one stock, now someone dumping a large hold of stocks will bring the shares price down to ground, the same works for Gold and Silver, it is just more noticeable with BTC because there is no fast exchanging mechanism of going In/out but this will be gone soon when we hit wall street
476.
Post 4340128 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
can you do one for me as well ? a picture of IBM 300PL (
http://en.wikipedia.org/wiki/File:Ibm300pl.jpg) and under it "I mine Bitcoin so hard 1 kh/s"
477.
Post 4340835 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
Goxed?
I can't login. None of charts are updating. Hmmm...
go to some URL that requires login (like
https://www.mtgox.com/trade ) and use the login form in the middle of the page instead of the one on the top-right
everything looking cool from here, I don't know what kind of issues you are having !!1
478.
Post 4341701 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
that wall at 1000 at bitstamp will be eaten then the madness and panic buys will start
479.
Post 4344014 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I will make another call, whoever will sell now, will really get burned so hard, you will regret it.... never sell when the price is going down
480.
Post 4344416 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I know that this might draw a number of derisive replies, but has anyone considered that we might actually be in the final and most pronounced dead cat bounce?
in my opinion, what is happening now is not a try to trigger panic sell, because we are over this, people already learned how to smartly hold, what is happening now is a try to pull down the ASK book in a way that more orders will build up at lower prices so these buyers who drove the price up can still get cheap bitcoins...
just look at the ASK sum
15500 BTC on the whole sell book @ mtgox!!! out of the 12 million Bitcoin existing this is really really small amount, all exchanges put together doesn't sum up more than 300K bitcoins, people are holding and believe about the future of Bitcoin, I think $1000 and $2000 are still really cheap and optimistic entries for new comers, and I think allot share the same view with me .
looking again there is more than 1500 BTC back to $1095....
481.
Post 4344640 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.51h):
I know that this might draw a number of derisive replies, but has anyone considered that we might actually be in the final and most pronounced dead cat bounce?
in my opinion, what is happening now is not a try to trigger panic sell, because we are over this, people already learned how to smartly hold, what is happening now is a try to pull down the ASK book in a way that more orders will build up at lower prices so these buyers who drove the price up can still get cheap bitcoins...
just look at the ASK sum
15500 BTC on the whole sell book @ mtgox!!! out of the 12 million Bitcoin existing this is really really small amount, all exchanges put together doesn't sum up more than 300K bitcoins, people are holding and believe about the future of Bitcoin, I think $1000 and $2000 are still really cheap and optimistic entries for new comers, and I think allot share the same view with me .
looking again there is more than 1500 BTC back to $1095.... well just to cinfirm my prediction
look at
http://trading.i286.org/ to see the history of sells and buys, who ever is doing this is a real smart player he pull down the sell orders so he can buy cheap
482.
Post 4345731 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
how does one mortgage a family?
Loan Sharks. The love family members as collateral.
Awesome. I'm gonna go ahead and mortgage my father in law righ now!
maybe you mean your mother in law ? or maybe both of them hahahahahah
483.
Post 4349308 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
I think TA should be used with real caution now, since the fundamentals have improved and we have a lot of bigger players entering. Just some advice for the people who focus mainly on TA.
I don't know, really. What else do you have, other than TA?
I mean, fundamentals are subject to interpretation as well. There is no "objective" way to look at news/fundamentals... the market reaction to the Silk Road bust is a perfect example for that.
My point is, TA is just as useful or not useful as it always is.
Perhaps what you have in mind is better phrased as: "don't cling to *outdated* assumptions from TA".
I remember one of the mantras being repeated after the April peak/crash was that "price has to deflate back all the way" (which was either ~15 USD = price at beginning of the rally or ~30 USD = previous ATH). In reality, final capitulation was at ~60 USD, off by a factor of 2.
* * *
The current situation still fits into my own expectations... we went up pretty nicely over the last weeks, and with some extra force in the last few days, and I still consider it a real possibility that we're seeing an early end to the post-December peak bear market. On the other hand, we have what could be a (spread out) double top at 1070/1090, and there's also a real chance we're still going to go down much further.
I'm not tempted to re-adjust my position quite yet. If we go through 890-900 (mtgox) *with force*, and close below it, I'm starting to get worried. Well, not really, but I would consider the "continued bear market" scenario more likely again.
your inputs are one of a few valuable to me at this thread, you make them logical and based on many factors (TA, the sentiment of the market, and news) when all combined they make sense, even when sometimes I don't totally agree with you but I always consider and respect the approach.
484.
Post 4351484 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
3 times before did I buy into staring rallies, only for them to reverse and me panic-selling and losing some money. This time (Friday) I decided not to buy-in, and my collection of regrets acquired a new exhibit of almost $10000 not made, fiat which could have later been used to increase my BTC stash. I am still holding my position from 12 days ago, testing my steadfastness. I almost panic-bought at 950, but managed to reign in the emotions. Still curious as to where it will lead me... Will I eventually join the herd..?
bad strategy, a good strategy would be buying in batches when the price is dropping, simply never buy when the price is going up fast and never sell when the price is dropping fast, you will just get burned.... you wont catch a top neither a bottom, because seriously " who can predict a top or a bottom?"
the best strategy is just buy at any point and hold for the long term, I am sure who bought from 2009-2013 doesnt regret a thing today, so now that Bitcoin is really going mainstream and it is being exposed to millions of new comers what is holding you ?
485.
Post 4352974 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
Who's from Belgium here?
I'm trying to remember. It came up in a beer discussion a while back.
The Belgian was pimping his own country's brews and dissing everybody else's, especially Heineken.
I have to say that I think in this case the Belgian is correct!
A bit ironic for me though as I live in Belgium but don't drink.
They put a lot of effort into their beer here. I think that around the world there are only 7 genuine monastic beer distilleries - and 6 of them are in Belgium. It's part of a religion to them!
It was me! And actually I said there are plenty of good beers in other countries, but comon, there's no way you can defend Heineken :-D. Oh and I'm not a lover of Pils in the first place.
Oh, I remember that one...
I took the position that Belgian beer is akin to raw sewage (with more malty overtones, perhaps).
However, in the meantime I had to revise my position a bit... as part of an accident that I don't want to talk about, I recently ingested a moderately large amount of raw sewage.
That was the exact moment when I realized the grave injustice I did to raw sewage by comparing it to Belgian beer earlier.
OOOOOoooooohhhhhh!
or instead of drinking bear invest that money in bitcoin and I assure you that the crazy movement of price will get you as sick as when you get drunk
and no Beer in the world is comparable to it
disclaimer: I don't drink alcohol
486.
Post 4359892 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990
some men want to watch the world burn
it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again...
487.
Post 4359946 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
I think the massive dump triggered a shutoff switch....
Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.
BTW this is what wall street does
488.
Post 4360187 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
BTW I am really curious about Mtgox, I see allot of people selling there, and most of the time huge sells appears and I still wonder how do they get their money off the exchange? I mean why does anyone still sell there ? or maybe there is a premium club of members that still can get money in/out fast than others ?
gox has a lower volume than Stamp yet a deeper book order comparing to Bitstamp, in my experience Bitstamp is the only exchange where I can get money in/out in a matter of a couple of days, if I send early enough during the day and having a bit of luck my deposits/withdrawals were credited the same day sometimes...
489.
Post 4360407 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
BTW I am really curious about Mtgox, I see allot of people selling there, and most of the time huge sells appears and I still wonder how do they get their money off the exchange? I mean why does anyone still sell there ? or maybe there is a premium club of members that still can get money in/out fast than others ?
gox has a lower volume than Stamp yet a deeper book order comparing to Bitstamp, in my experience Bitstamp is the only exchange where I can get money in/out in a matter of a couple of days, if I send early enough during the day and having a bit of luck my deposits/withdrawals were credited the same day sometimes...
That's a damn good question. haha
There is a tier 3 of verification which allows a withdrawal up to $1 million Ithink. And since they're valuable customers I'm sure they have more priority then the $75 withdrawal.
I know about people who are stuck with $100K withdrawal for months now, so I doubt it, although the person I know was never a trader, so for sure he is not a member of any premium club, he was just a miner who mined early enough and held to the coins, I don't know waht others think, but the only case when I sold bitcoins was when I needed the cash for something and after march 2013 it was no option for me to sell at gox, even though I always used bitstamp because I live in Slovenia and things go faster... but just think about it, when you sell at today's price and than wait 4-5 months just to maybe and I insist on "maybe" get that money when Bitcoin will be worth allot more by then....I mean who does that really ? and why?
I am not jumping on accusations, But I want to ask people here if they still trade at gox? how many of you here really use gox ? and why ? mtgox data might be made up the same as huboi or okcoin... who knows... it doesn't make any sense...
490.
Post 4362819 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
I am about to buy 7 bitcoin. It just seems like a lull before another price hike. Is anyone else waiting for a price drop?
[trolling] join repietila investors club, I've heard that fancy wine and cigars are on the house, he promise you a price of $400/BTC, so you might be a winner and a millionaire the same as him....[/trolling]
no seriously, it all depends on your strategy, if you are a long term investor then it really doesn't matter at what price you will buy, Bitcoin has proven that constant growth over time, if you are a trader and want to catch a dip to make a stronger position then welcome to the gambling club
491.
Post 4365762 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
Anyone knows about that new china taobao crypto ban? Could it be the cause?
no.
guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.
i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.
yes speculators and daily traders may pay if this turns out to be true, but a long term holder wont be effected
492.
Post 4371751 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
well, here what will make you reconsider your position
http://www.cnbc.com/id/101316945#_guswhen major investor jumps in, make sure you wont miss it, in the other side note I am comfortable with my holdings now, I wont risk it on a low volume market and traps, I felt more confident trading when the volume was higher and now I don't want to lose all my profits.
493.
Post 4372131 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
yeah, the newbs need to stop going around finding news to justify price movements. market forces are generally much more powerful on the mid-term scale anyway. what we're seeing is a healthy mid-term correction to a very large bulltrap. this shouldn't be news to anyone, although i know many didn't believe it when it was mentioned on the way up.
whether news should impact the price or not doesn't matter when so many are watching out for it as a means to pick up more coin.
also to ignore the news means you have no doubt as to the long term prospects of btc, a lot of people don't share that sentiment yet so like to be prepared to bail.
But you can't use the media as your only means of justifying trade in any market and that seems to be what people are doing.
well let me break the oldest "trick" in trading history, buy on rumors sell on news, well it is risky but as well speculation is....
494.
Post 4372590 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
In order to use media to make trade decisions you would need to speak every world language fluently, subscribe to thousands of media formats and read them daily.
I do keep up with a part of the media that matters to me but I try to do some researches before making any decision, I also look at the development around Bitcoin and that matters the most to me, in fact it matters to me more than just speculating about the price to try to catch some small gains in short term, although I try sometimes to jump in here and there but just for the fun of it.
the price indicate a part of the successes...
495.
Post 4373003 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
In order to use media to make trade decisions you would need to speak every world language fluently, subscribe to thousands of media formats and read them daily.
I do keep up with a part of the media that matters to me but I try to do some researches before making any decision, I also look at the development around Bitcoin and that matters the most to me, in fact it matters to me more than just speculating about the price to try to catch some small gains in short term, although I try sometimes to jump in here and there but just for the fun of it.
the price indicate a part of the successes...
I believe you can blindly guess the price and trade on that as effectively as you can watch the media and attempt to forecast the interpretation of news events by the masses.
guess the price is a kind of troll
but guess the market sentiment and try to guess what direction is the market heading is what I will go for, and BTW whoever tells you that sentiment and news, adoption rate.. are not important in this market is really delusional! this is not wall street when you have professional brokers that can guess moves based on calculations, you have 80% regular people who never traded before playing around the unpredictable by nature bitcoin, you just fart and a panic sell starts, you post a peace of good news and price to da moon and this is exactly what some members are trying to trigger here...
also, there is really few people here who use a logic and common sense, others they go with what there desire points, if they are full in BTC you will hear "choo choo, buy buy, to da moon..." if they are part or all in FIAT you will hear " bitcoin will crash any moment, it is a dead cat bounce , double top, bubble.."
496.
Post 4374736 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.52h):
I can smell fear and I can also smell so many burned hands.... in a matter of weeks we will see a new ATH, even so hold or you cash out for good
497.
Post 4382073 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
good morning guys, I woke up before and while drinking my morning coffee I looked at bitcoinwisdom and I was really surprised, a low of 765 that recovered very fast !!!
and the volume at stamp doubled, it is the highest in a couple of weeks, so I think action will start from here but now I am not sure in which direction we will be heading, although I have a feeling that it wont go lower at least I hope my guts are right
498.
Post 4385811 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
Dirty secret 2: I am actually hoping for another moon. Bear markets are terrifying.
who doesn't hope for another moon? even bears are secretly looking for that, they just don't want to admit it
don't worry my guts are telling me that there will be a big moon till march, usually my guts are right
499.
Post 4386701 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
$140 between stamp and gox... this is getting just ridiculous
500.
Post 4390285 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
3 hours left for Gox to hit 750<. If some divine intervention will prevent it, i will be expecting my 1 btc from CoinBull.
Let's make a bet on whether or not CoinBull pays out.
I'm going with "no."
he is not gonna pay a single satoshi....
501.
Post 4403702 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
good morning guys, what is happening ? the trend broke all charts and expectations !! most of you say that news doesn't effect the trend but neither the charts seems to explain it, so what is going on ? ha ?
bitcoin growth by design....
502.
Post 4403803 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
good morning guys, what is happening ? the trend broke all charts and expectations !! most of you say that news doesn't effect the trend but neither the charts seems to explain it, so what is going on ? ha ?
bitcoin growth by design....
oh geez the hubris is back.. i guess that explains the buying pressure
Hubris: (/ˈhjuːbrɪs/, also hybris, from ancient Greek ὕβρις), means extreme pride or arrogance. Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments or capabilities, especially when the person exhibiting it is in a position of power. The adjectival form of the noun hubris is "hubristic".
well too much Fiat ? waiting the price to head the direction you desire ?
I guess hubris describe both of us, or maybe I can say most of bitcoiners as well
503.
Post 4403985 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
in other note, for a moment pause speculating about the price and think about the network security, we are reaching a critical risk where Ghash.IO controls 45% of the network hashrate, this pool did double spend before and they can do it again..
look to this thread
https://bitcointalk.org/index.php?topic=327767.0and this how the network hashrate distribution looks today
504.
Post 4404096 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?
both
505.
Post 4404220 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
Is GHash.IO primarily independent miners pointing their hashpower this way, or is mostly internal to GHash (e.g., hardware at cex.io, etc)?
both
Hmm, I understand GHash does merged mining with alt coins and is thus more appealing to some miners. But I wonder why more aren't moving to Elegius or another smaller pool giving the current situation and potential (temporary) loss of confidence should something "funny" happen. Is this a "tragedy of the commons" or is it a case of "meh, whatever"?
most new comers jumping into bitcoin first think about mining thinking of the "free money" they can get from mining, they doesn't fully understand how Bitcoins works so they doesn't care or/and doesn't spend much time understanding the protocol and this is the biggest problem...
506.
Post 4404382 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
well I dunno how badly many will want to commit a double spend as it may ruin the value of their stashes
I completely agree that if GHash.IO achieved >50% for a period of time that it would very likely be a non-issue. Like many people have pointed out, they are incentivized to follow the rules; if they double-spend and orphan a bunch of long chains, we'll all find out and it would hurt their BTC holdings and mining reputation.
But I must admit that I'd be happier if all pools had < 25%.
really! what makes you think so? if they did double spend when they had 25% they will most likely do it again, refer to this
https://bitcointalk.org/index.php?topic=327767.0they did double spend against Betcoin few months ago and we pointed that out, but no one cared, now it is time to give attention....
507.
Post 4406043 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
this is how it looks now, the community have to do something about it
508.
Post 4407021 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
I saw those post but come on we all know some thing else caused the drop , Huobi didn't even budge.
Just someone decided to sell those
BTC1200?
I don't know, but the volume on stamp was 737btc in one minute. The two minutes before is were 80 and 100btc. The minutes before it were 20btc, 4btc, <4btc. So I think somebody sold arount 750-900btc.
Why do people do that? Why at once?
because they can...
509.
Post 4407384 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
but now, who knows? right? GHASH COULD BE DOUBLE SPENDING AS WE SPEAK dun dun dunnn...
am i doing it right, guys? the whole panic thing?
--arepo
ah ! no, the panic thing is so overused, no one will fall for it again, people think smarter today
.... but seriously forget about speculation, how the F$#%& people keep buying into CEX.IO and others even join the pool ? does this new miners even spend time to get educated about the mechanism and concept of Bitcoin's protocol ?
510.
Post 4407557 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
but now, who knows? right? GHASH COULD BE DOUBLE SPENDING AS WE SPEAK dun dun dunnn...
am i doing it right, guys? the whole panic thing?
lol
in all seriousness, i do recognize that it's a major issue, but i'm confident in the bitcoin community as a whole and the incentives built into the protocol. there is far too much at stake for miners to really be that oblivious and shortsighted to simply not reorganize themselves in order to SAVE BITCOIN (!), and even if they don't, as many have pointed out, outside of some third-party conspiracy against the project, GHASH isn't going to sabotage their own reputation and profits -- the incentives just don't line up.
that being said, the alternating waves of panic and euphoria in this thread are almost frightening in their magnitude...
--arepo
I know, which makes me more confident about this community
, the sub Reddit looks like this now
511.
Post 4408249 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.53h):
even if the obliviousness of speculators involved in cex.io really does result in a tragedy of the commons scenario, the returns are self-limiting. if they threaten the integrity of the whole project, no one profits, and the scheme collapses. i doubt bitcoin will be utterly destroyed, or even close, at this point, and so the worst that could happen would be a short period of blockchain instability that will be resolved after the panic dissolves the mining majority.
Traders who have spent their whole careers speculating with other people's money don't care about the long term viability of anything.
All they care about is whether they can sell anything they just bought for more than they paid for it. That is literally the only question that exists in their world.
These people can cause a lot of damage. When they're given access to unlimited taxpayer money (overtly or covertly) they can destroy the world's financial system.
Eventually Bitcoin will siphon away their ability to do this, assuming it survives through the short term.
I just signed in to CEX.IO to tell people on chat about the threat, and no wonder that this is happening when people say "Ghash.IO have only 4 terahashs of Ghashs", and " you are spreading FUD to buy Ghs" holy fuck, they trashed me right away, these people have no Idea what they are doing, if they knew what they were doing they would simply buy a physical miner and mine at home and save half of what they are paying now!!! but as you said before they don't give a shit, they are just speculators, I can even bet that they even don't understand how the fuck Bitcoin Protocol works...
512.
Post 4424494 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
good morning guys, who see bitcoin hitting $1000+ this weekend ?
513.
Post 4424574 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
Heh. I should have qualified my statement. I don't trade on MtSux any more, so it's possible on that exchange, but not likely on BTC-e.
who still use mtgox anyway ? but it is still the market mover
514.
Post 4424654 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
who still use mtgox anyway ? but it is still the market mover
I would argue that Bitstamp has had more volume than gox lately.
sure, but a market mover usually leads the market, anyone can argue that Huobi have more volume than all exchanges combined but who cares about that exchange anyway
515.
Post 4425018 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
You could very well be right. However, if r/bitcoin jumps on another hot rumor it could just as easily, perhaps more easily, go down.
One thing I have noticed in the media storm is that there are agendas flying around everywhere.
Example: the pairing of bitcoin with Libertarianism. Infusing bitcoin with this external, incidental aspect can isolate (insulate) a lot of people from bitcoin.
Another agenda: defend the gold standard.
And another: defend the current monetary system and all those who stand to gain from a demise of bitcoin.
Basically bitcoin has pissed off a lot of people, let alone the Chinese Communist Party, political power in India, and elsewhere. Singapore is ok as long as they can tax it. Again, allegiance to fiat.
I wish people could simply see the benefits that bitcoin has to offer them and not react out of fear.
So, I take all the hating on bitcoin with a grain of salt.
it has been always like that, they laugh at you, then they start taking you seriously, then they fight you, then you win, and we are between the 2-3rd stage, now they take us seriously and they started fighting us but we will win this year
516.
Post 4425401 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
Based on my technical analysis that spans 5 days in length, we are CERTAIN to have a rally this weekend as per all previous weekend.
another internet engineer
517.
Post 4427008 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
Does anyone know why a dog licks his own dick?
Maybe for the same reason you "fuck for Bitcoins but nobodys buyin"!
It's because he can!
I put that line there after I came up with the idea of my selling sexual favors for Bitcoin. That concept came crashing down on me when I got out of the shower this morning and caught my reflection in the mirror.
so did you try licking your junk ? if this means anything is that you have so much time and you should try do something productive
518.
Post 4429409 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
519.
Post 4445727 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
good morning guys, I was reading posts from few pages back to this last page and people are talking about the low volume and how can it effect the price in a way that it will go down, I cant help my self but to notice that the support is growing both on mtgox and Bitstamp, there is a real huge support, people opening limit orders thinking that there will be a small drop that will fulfill their orders.
this last month was one of the most interesting ones, less people execute market orders and more people contribute to the book order with their bids, I think we did create some kind of behavior "the price is going down" so most people feel more comfortable with listing low bids than instantly buying.
520.
Post 4447007 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
the 1d chart seems healthy to me 
521.
Post 4452051 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
so do we hate $1000 that we cant hold just few days over it ?
522.
Post 4464448 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
what is happening ? the price every weekend rise a bit than drop back to where it was for 2 weeks now
523.
Post 4464577 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
how is this suppose to be bad news ? their business account is still open and receiving fund which is really good in a strange way !!
524.
Post 4467022 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.54h):
Look at BTC-e order book someone pushing the price up ? a wall of 1000 BTC @ $850
525.
Post 4480493 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction.....
526.
Post 4480646 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction.....
They're just, like, opinions, man.
opinions and wishes are not the same
I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week
527.
Post 4480729 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction.....
They're just, like, opinions, man.
opinions and wishes are not the same
I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week
They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being
under 10k in most of the exchanges. Right now most of the exchanges are above 10k and
it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so
butt hurt about it.
wrong, wrong, wrong.... it is already Monday here in EU and I am already at work, Bitstamp had +10K most of the time and the day when the price went up the volume was more than 40K
and why would I be butt hurt ? I would really love to see the price moving and I don't care which direction, both works for me up or down
528.
Post 4480814 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction.....
They're just, like, opinions, man.
opinions and wishes are not the same
I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week
They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being
under 10k in most of the exchanges. Right now most of the exchanges are above 10k and
it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so
butt hurt about it.
wrong, wrong, wrong.... it is already Monday here in EU and
I am already at work, Bitstamp had +10K most of the time and the day when the price went up the volume was more than 40K
and why would I be butt hurt ? I would really love to see the price moving and I don't care which direction, both works for me up or down
This was funny
.
You started the week
at work with bitcointalk open?
yes, Bitcoin addiction, and I am an IT engineer so I am on my computer most of the time, so why not check Bitcointalk while working
529.
Post 4482180 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
I am so fucking pissed at this bitch right now.
exactly, her son died from an overdose so lets blame BTC, but he got that BTC by buying it with USD so lets blame Obama administration... wait actualy we can
530.
Post 4482923 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Something's changed, this bearish trend makes no sense and the FUD machine's going in new directions. If its being manipulated we're due some panic-stimulating rolling dumps but this looks more like preparation for damage control, anything happening that could cause panic in the fiat world?
The price is still too high.
With huobi closing @ january 31 the price will drop.
550-650$ is the target, that's approx 50% of the ATH. It could even go as low before the chinese bubble, but that's highly unlikely.
huobi closing inn january 31? where did you pull that from? care to share a legit source...
531.
Post 4484340 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
this is something that you can speculate on
I've accepted an invitation to do a question and answer session at the
Council on Foreign Relations (CFR) in Washington, DC on Thursday, February 6, 2014.
I've been told anything related to the Council on Foreign Relations tickle's peoples Grand Conspiracy buttons, so I thought it would be best to be open about exactly what will happen. I hope it doesn't spark as long a thread as my visit to the CIA, but Bitcoin is a lot bigger than when I visited the CIA...
Anyway, here's the invitation I received:
On behalf of the
Council on Foreign Relations (CFR), I write to invite you to speak to our Washington-based members as part of our Voices of the Next Generation series. This program seeks to bring together our members with fresh, young voices in the nation’s foreign policy discourse. Given your work with BitCoin, you would be an important addition to the series. In the past, the Voices of the Next Generation series has featured Esther Duflo, Abdul Latif Jameel professor of poverty alleviation and development economics, Massachusetts Institute of Technology, Ayman Mohyeldin, Middle East correspondent, Al-Jazeera English, and Jennifer Pahlka, founder and executive director, Code for America.
CFR is a nonpartisan national membership organization and think tank, as well as the publisher of Foreign Affairs. Among our members are many past and present U.S. presidents, secretaries of state, defense, and treasury, as well as other senior U.S. government officials, renowned scholars, and major leaders of American business, media, and nongovernmental groups.
The format of the event will be a 90-minute question&answer session, moderated by somebody yet-to-be-determined. It will be "on the record," meaning press could be invited to attend and recordings and/or transcripts may be posted on CFR's website.
The audience will be CFR members and invited guests (and maybe press); it is not open to the public. I am not getting paid by the CFR.
532.
Post 4484708 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
and we've got some action ====> testing sub 800 then a new ATH ? we will see about it...
Edit: BTW I remember last year when I came back from a trip to Algeria same day as today, it was only few days then the race started, the price was $13 and it kept going up slowly and then in April it just explode so will history repeat it self ? lets see...
533.
Post 4484849 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
and we've got some action ====> testing sub 800 than a new ATH ?
Testing sub 700 @ huobi first before we go back up.
If you don't get on board now Branson this time no balloon ride!
?
I've probably 10-100x more bitcoin than you. But even more fiat
I'm not the all in speculator. Diversification is key.
so now you convinced your self that you are Richard Branson hahahahah what a delusion....
so all that Fiat and Bitcoins and still bother mining ...
and your English oooh, it is so convincing yes, I guess you are Richard Branson
225000 KH/s
Stored @ own datacenter - 99.95% uptime last year
534.
Post 4485105 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
I've never seen this amount of posts from new accounts, this is so convincing......
535.
Post 4485738 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Don't worry, it's highly unlikely people here would have nearly all of their wealth in Bitcoin at all times, so I'm sure most people can afford and do repurchase the Bitcoins they spend.
Right, guys?
this tells so much about you hahahahah
536.
Post 4489261 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
who still trade at Mtgox ? well this news is not really pleasant
http://thegenesisblock.com/mt-gox-seizures-linked-silk-road-fed-testimonies/Prevailing sentiment at the time leaned towards the notion that the government was actively cracking down on bitcoin companies, starting with the largest. Recent testimonies by federal agencies indicate that the account seizures were in fact related to the multi-year pursuit of Silk Road operators, rather than a crackdown on money transmission infractions for their own sake. In particular, the written statements not aired on television provide additional insight into the motives behind the seizures.
Notably, the statement by U.S. Immigration and Customs Enforcement (ICE) states,
“In May 2013, through an interagency taskforce led by ICE in Baltimore, Maryland, three U.S. bank accounts associated with what was then the world’s largest bitcoin exchanger, Japan-based Mt.Gox, which was moving approximately $60 million per month into a number of Internet-based hidden black markets operating on the Tor network, including Silk Road, were seized for violations of 18 U.S.C. § 1960, operating a money service business in the United States without a license. The bulk of the funds were associated with the illicit purchase of drugs, firearms, and child pornography.”
537.
Post 4489325 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Magic the Gathering Online Exchange, laundering our drug money since 2010.
and gox tell the customers we are working to make our daily withdrawing limit.... sorry what ? I don't care I want my money hahahahah
538.
Post 4489809 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Is Gox a safe place to trade if so, has anyone actually got their money from them when they withdrew?.
I am waiting for my verification to go through, its been about 2 weeks. Bastards will let you deposit coins, but wont let you take them out without verification. Is there anything i can do about this?
nope just wait, and keep away from mtgox at least till they fix their problems (if they will stay in business), but I really do not understand people still trading there... High fees, slow support, no withdrawals, slow deposits, higher price .... yet people still trade there.
539.
Post 4500524 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
good morning guys, so no new ATH and not even $500 ? so disappointing
540.
Post 4503015 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
ok who lit up a choochoo?
I sold a little. This always happens after.
never sodl!
Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).
(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)
That really depends on your definition of: "can afford to lose"
Sure. Isn't that how all financial decisions work though, based on your individual preferences?
For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.
I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that....
Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future
541.
Post 4503280 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
ok who lit up a choochoo?
I sold a little. This always happens after.
never sodl!
Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a).
(doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.)
That really depends on your definition of: "can afford to lose"
Sure. Isn't that how all financial decisions work though, based on your individual preferences?
For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much.
I don't have all my money invested in Bitcoin,
but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that.... Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future
So you went all USD at the (double) top, right?
I didn't sell/buy a single bitcoin since the recovery back from 500, I sold at 860 bought back all the way down at 700-600-550 and holding since then, what I meant is at this moment I do not feel comfortable wth investing more cash in Bitcoin, I am a hardcore believer in it but there is allot of stuff in my life that I have to consider before making such decision.
I feel that I am at a good position with my Bitcoin holdings, I would like to have more bitcoins but I wouldn't feel comfortable with investing even more money now, but I will reconsider this if the price will drop dramatically
542.
Post 4505985 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
this thread is too quiet.....
543.
Post 4507188 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
we might be at the start of something big
i see 3 resistance levels
850
900
1000
if the market is able to slowly climb over each one and have resistance become support each time, we can make a new all time high!
I would be surprised if we see 1300 before 600, but hey this is bitcoin!
Too much fiat adam ? hahhaha, well I am a bit strange, I wish the price to go to a new ATH but at the same time I would like to see $500 again
most likely we are not visiting that again, but as you said who knows.
544.
Post 4510244 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
the charts that you love and believe in
545.
Post 4512268 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
so the long term chart looks like this, mmm it gives me a fuzzzz
546.
Post 4522348 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
did your kid paint that ? it is beatiful, a talented kid you have there
547.
Post 4522801 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
I am watching it now, the guy is just explaining what is Bitcoin and how does it work, who is that guy anyway ?
548.
Post 4522936 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
so the senate is asking who owns the protocol, and "no one" as an answer seems not convincing enough for him hahahaha
549.
Post 4523027 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
so the senate is asking who owns the protocol, and "no one" as an answer seems not convincing enough for him hahahaha
He thinks the network belongs to "big companies"...
the Prof talking now makes really good points, more interesting he is objective
Edit: so speculation is good? I didn't know that hahahaha, listen from the professor and speculate guys, it is okay he said
550.
Post 4523355 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Bad guys use cash.
Bictoin is too volatile !
The young feller makes me nervous with his speedy talk.
But as far is i understood their view on Bitcoin is quite neutral. It's a tool among others (existent or yet to come) to do good and bad things, so it is better we try to understand and regulate it than ban/condemn it.
to be honest, I think they were objective, which is really positive and good for bitcoin... let the market decide otherwise
551.
Post 4523559 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Bad guys use cash.
Bictoin is too volatile !
The young feller makes me nervous with his speedy talk.
But as far is i understood their view on Bitcoin is quite neutral. It's a tool among others (existent or yet to come) to do good and bad things, so it is better we try to understand and regulate it than ban/condemn it.
to be honest, I think they were objective, which is really positive and good for bitcoin... let the market decide otherwise
It is pretty similar to the US senate hearings - mentioning Silk Road / contraband etc... but also the benefits. The guy talking about Bitcoin Central earlier said he didn't know about how many transactions were from France, but he didn't think very many, mostly 'Northern European' (Germany and UK, presumably) as France is a little behind in terms of Bitcoin. I think this point was telling, the French do feel a little behind the curve now that Germany has officially accepted / recognised BTC, while other countries have not (as one guy said).
The only problem is how to regulate for TVA (sales tax) and how to classify exchanges etc. This is a very French thing as they like to have regulation (even of their language) and they instinctively want a 'French position'.
But in reality they are not big players in the Bitcoin European landscape and in any case will not dare to differ from Germany very much....
The worst that will happen is that they drown BTC exchanges and transactions with a ton of French red tape.
France is falling behind as a power, and they know it, so my guess is that they will try to catch up (if they are smart), comparing to Slovenia a small country of 2 million citizen that play an important role it is a shame that a big country like France is this late to the game...
552.
Post 4523598 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
French Senate is asking really good questions. A very good discussion. Hope the Press doesn't only pick the "drugs and trafficking" parts
this is what press do but who cares really, I care what the senate and his government will decide, let the press cry about it, they and their believers will miss the train
553.
Post 4523636 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
the senate: " if I have allot of Bitcoins what can I do with them " hahahahah give them to me if you dont know what to do with them
554.
Post 4528016 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.55h):
Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.
I've confirmed this by sources. SHOTR if you've already SODL!!! This is scary!
sold all your coins ? hahahahahaha
I am sure that allot of people here doesn't understand your sarcasm....
555.
Post 4545293 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
Looks like there are some rumours abound in China atm, Huobi is acting really twitchy.
There are no Chinese rumors, only confirmed bad news facts from trusted sources. Sell now!
holy #$%& didn't you notice that most of posters now on this sub-forum are new members ? most of them doesn't really understand your way of communication and don't really get your sarcasm so you are the one spreading the FUD, calm down....
BTW do you want to take another bet on the price this year ?
556.
Post 4548684 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
cool, so now every show has to mention Bitcoin, it is the thing now hahahaha
557.
Post 4560950 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
It seems pretty obvious that someone is cashing out big time on Stamp. Over the last days , each time the bidside got filled someones dumpin between 100-300 coins, due to the help from the bots it´s pretty hidden. They keep fillin the book with tiny buy orders after each dump.Also someone bought 268,xx, coins on Gox and nearly the same amount gets dumped on Stamp within a range of 2 minutes.
Huobi and Gox as "market leaders" are used to keep the price high/steady. I don´t know if thats bullish or bearish :-D
do you think that someone is moving their cash from gox and cashing out on stamp, BTW when you pointed out that someone bought 268 coin and after
"2 minutes" the same amount was dumped on stamp, did you mean that he moved the coins to stamp to dump there ?
you clearly dont know how Bitcoin protocol works, let me explain why I said
"2 minutes", so gox have most of the coins on cold storage and when you request a withdrawal, they basicly put your request in queuethen take funds from their cold storage and send them at once to multiple clients (who previously requested withdrawals) so this takes time, usually every 10 minutes or so.
I am not done yet, so your transaction is put in queue before getting in Blockchain, your transaction has priority depending on the paid fee, it can be confirmed in the first block or it can take couple more blocks to get the first confirmation, here comes the bitstamp part, so bitstamp needs minimum 3 confirmations which is circa 30 minute if we take a 10 min average.
conclusion, your prediction is impossible. and seriously try to read more about Bitcoin as a technology, it is more important than checking the price... this is the problem with users today, we have more speculators than people interested in the technology...
558.
Post 4561744 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
Wow, fear is setting in. Watch out. Denial might come next.
Personally not selling. I'm just too scared it might fuck me sideways as it did in the past.
I also have a bad feeling about this, I want to sell some coins but the risk is really huge here, at least it was obvious when we crashed last to sub 500, but now I have so many questions and doubts, so I am better off this one...
559.
Post 4563373 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
conclusion, your prediction is impossible
Could it be be a client with special privileges? Like, someone inside MtGOX and/or Bitstamp?
Arbitrage trading requires the ability to transfer cash or coins quickly between markets. One way, as the poster suggested, is to have a pile of coins and a pile of cash in each exchange. Then one can do instantaneous "virtual transfers" if required by the chosen arbitrage strategy, and do real transfers later, once in a while, only to rebalance the piles. Does this make sense?
again there is no one special with more "privileges" over the bitcoin protocol, such thing doesn't exist, as simple as this. please read more about the technical aspect of Bitcoin because this is what makes Bitcoin special and the rocketing price that jumps from $13 to $1240 is because of people realizing the "technical phenomena" bitcoin is....
I think everyone should spend more time educating them selves about bitcoin before heavily investing, the last couple of months proved that people just jumped with their cash into bitcoin thinking of it as a quick get rich scheme, some people doesn't believe in bitcoin but in the potential income from it.. this is why we see people panicking....
I didn't invest a single dollar when I first knew about Bitcoin, I took all time I needed before deciding and asked all "stupid" question until I felt that I have a good understanding.
560.
Post 4563402 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
I'm following the japanese 2ch thread pretty regularly, and even though google translate creates pretty weird results from japanese, I feel this coin has a future now. Some positive points:
- Number of miners is increasing steadily, japanese adoption is speeding up. (Most use CPU, so net hash is still low. 2chpool has gone from around 100 to almost 300 miners in a few days)
- Android wallet has just been released
- They are working on online wallet solutions
- Trade is happening on the monatrade site, even though volume is still low
To sum up, I am happy to be holding a fair amount of MONA
get out, don't you have a cave called alternative cryptocurrency? (sub-forum)stay there unless you will talk about bitcoin
561.
Post 4563700 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
conclusion, your prediction is impossible
Could it be be a client with special privileges? Like, someone inside MtGOX and/or Bitstamp?
Arbitrage trading requires the ability to transfer cash or coins quickly between markets. One way, as the poster suggested, is to have a pile of coins and a pile of cash in each exchange. Then one can do instantaneous "virtual transfers" if required by the chosen arbitrage strategy, and do real transfers later, once in a while, only to rebalance the piles. Does this make sense?
again there is no one special with more "privileges" over the bitcoin protocol, such thing doesn't exist, as simple as this. please read more about the technical aspect of Bitcoin because this is what makes Bitcoin special and the rocketing price that jumps from $13 to $1240 is because of people realizing the "technical phenomena" bitcoin is....
I think everyone should spend more time educating them selves about bitcoin before heavily investing, the last couple of months proved that people just jumped with their cash into bitcoin thinking of it as a quick get rich scheme, some people doesn't believe in bitcoin but in the potential income from it.. this is why we see people panicking....
I didn't invest a single dollar when I first knew about Bitcoin, I took all time I needed before deciding and asked all "stupid" question until I felt that I have a good understanding.
you simply don´t get it? this isn´t about any technical feature of the bitcoin protocol. But keep preaching your bullshit about newbies that don´t understand the technique, lol. Did you lose money and try do blame it on "newbies" that don´t fully believe in the godgiven power of the protocol
OK maybe I am idiot, explain to me how your "fast" arbitrage between 2 different exchanges works, in terms of moving fiat and Bitcoins in 2 minutes, more importantly, please tell me how do you move cash between stamp and gox in matter of hours?
maybe there is a way that we are not aware of after all....
regardless, my statement about studying bitcoin as a technology is serious, anyone investing in something that has no clue about is either an idiot or a gambler.
562.
Post 4563721 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
the joke on you, let it go to $100 or less, I will make sure to buy more my stash were bought lower than you even think Edit: maybe I was harsh on you guys, I do apologyze for my fast reaction, but I still believe that more reading is for your own good
563.
Post 4564073 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
yes for sure, you will be more than welcome to my ignore list, you know that ignore button under your nick (although I don't have many people on ignore, pissing me off is not that easy)
564.
Post 4564115 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
the joke on you, let it go to $100 or less, I will make sure to buy more my stash were bought lower than you even think Edit: maybe I was harsh on you guys, I do apologyze for my fast reaction, but I still believe that more reading is for your own goodApology accepted
(That doesn´t mean i won´t troll you in the future.)
Edit: I bought my stash in 03/2013 cause i thought it would go up due to the SR 420 sale (kinda worked out)
SR 420 ? what is that, I don't recall something like that happening in March 2013 !!
565.
Post 4581792 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.56h):
So guys, what is with 0.01 bot at gox? it has been buying for hours now....
566.
Post 4599043 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
Guys the joke on us, I've been watching Mtgox and bitstamp and simply some smart people are slowly buying small batches of 20-50 BTC each hour and it has been happening for the last couple of day.
567.
Post 4603631 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
now, that the sunday rally is over
how low will the monday dump take us ?
Probably very low, as confirmed by bad news sources and the verified fact that the price didn't break old ATH today. This confirms additional bad news and new ATL.
what is the ATL ? 0 ? just make sure to send any bitcoins to the address in my signature, you do not need bitcoin as the sources confirmed zero dollars, that address is good for dumping your bitcoins, I will make sure that they will end up in a safe way that wont effect the environment and economics, this will be confirmed and verified from good sources as well
568.
Post 4613960 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
good morning guys, it seems like we finally will jump over that $1000 this week... (Gox)
569.
Post 4618172 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
Bloody shit, 9200 BTC and 18000 LTC Doge volume on Cryptsy.
I thought this stupid meme is finished
There's gonna be a whole lot of hurt butts by the time this is over.
I guess that some people have to learn the lesson the hard way, it just amaze me......
I think most noobs investing in these scams feel that they missed the bitcoin train, when they get that multiple thousands or hundreds of "put the name of the alt" in their wallets they get that warm fuzz thinking that they achieved something... they keep ignoring the fact that if they invest into bitcoin, even if it is just 0.01 BTC it will most likely turn out better in the long term.
when Bitcoin was around $10 I thought I missed the train , I didn't buy right away (worst decision ever) and who is starting today will think the same, and you will read more stories about regrets....
but who cares, let them burn...
570.
Post 4618668 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
Bloody shit, 9200 BTC and 18000 LTC Doge volume on Cryptsy.
I thought this stupid meme is finished
There's gonna be a whole lot of hurt butts by the time this is over.
I guess that some people have to learn the lesson the hard way, it just amaze me......
I think most noobs investing in these scams feel that they missed the bitcoin train, when they get that multiple thousands or hundreds of "put the name of the alt" in their wallets they get that warm fuzz thinking that they achieved something... they keep ignoring the fact that if they invest into bitcoin, even if it is just 0.01 BTC it will most likely turn out better in the long term.
when Bitcoin was around $10 I thought I missed the train , I didn't buy right away (worst decision ever) and who is starting today will think the same, and you will read more stories about regrets....
but who cares, let them burn...
Now, dont be butthurt.
Just cause a meme looking alt-coin gets up your asses and rocketeers in volume and price doesnt mean you need 2 hate.
Such sadness.
Such wow.
don't you have a sub-forum ? why did you get out of there? unless you are talking about Bitcoin move your ass back there right now...
571.
Post 4628224 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
An exponential log chart? is this the end of the world??
No, as the chart bases on MtGox, this "exponential correction" just accounts for fiat withdrawal troubles...
Has anyone managed to get fiat out of gox. I have about 2.5k in there
Yes, SEPA worked fine - took 4-6weeks though
Does SEPA work to a UK bank (some of them accept SEPA transfers from Europe).
Just curious, never tried getting proper money out of Gox, but I am sitting on some bux, a little more than previous questioner actually...
yes I think it does if you have the appropriate account with multiple currencies, you should ask your bank before withdrawing, anyway a SEPA from gox takes from 4-8 weeks, in my opinion the best thing to do is to buy BTC and hold for 8 weeks and sell, hopefully the price will rise till then, it is better than withdrawing now and waiting couple of months when you could just sell later for higher price...
572.
Post 4628554 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
ccmf
what does this stand for ?
Choo Choo Mother Fucker, why did you ask ? now I feel Bad telling you that
573.
Post 4628796 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
@mmitech We definitely need bitcoin.dz, enough with the funny money
interesting, the .dz part makes me wonder if you know me ? where are you from ?
574.
Post 4628982 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
@mmitech We definitely need bitcoin.dz, enough with the funny money
interesting, the .dz part makes me wonder if you know me ? where are you from ?
You mentioned in an early post that you were there recently... Me too
even more interesting, what were you doing there ? I am originally from Algeria
my parents lives there now.... in fact bitcoin.dz is not a bad idea, just imagine people with bags of money struggling with getting money out of the country when they get introduced to bitcoin.
last time I was there no one had an Idea about what Bitcoin was, although I did a research and it was mentioned a couple of times on Le Figaro and Le matin in 2011, to be honest I was thinking about this project for some time now I just dont know how to get around it... "like they say, Go big or go home"
575.
Post 4629181 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
@mmitech We definitely need bitcoin.dz, enough with the funny money
interesting, the .dz part makes me wonder if you know me ? where are you from ?
You mentioned in an early post that you were there recently... Me too
even more interesting, what were you doing there ? I am originally from Algeria
my parents lives there now.... in fact bitcoin.dz is not a bad idea, just imagine people with bags of money struggling with getting money out of the country when they get introduced to bitcoin.
last time I was there no one had an Idea about what Bitcoin was, although I did a research and it was mentioned a couple of times on Le Figaro and Le matin in 2011, to be honest I was thinking about this project for some time now I just dont know how to get around it... "like they say, Go big or go home"
Well, I grew up there. Let's take this discussion to another thread, or private ...
PM me with more info
576.
Post 4630240 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
Yup...I came to Bitcoin cos I want a long term investment with meaningful returns.
I am a potential investor (as opposed to trader which I am currently doing), but I simply cannot throw my hard earned fiat at Bitcoin at these prices, in these market conditions, and with these charts.
I shall avoid the temptation to post the classic bubble-new paradigm-final capitulation graphic, but it is so true and I have seen it in so many other asset price graphs, not least of all in precious metals in which I invested and made fantastic initial gains, but because I held and held and held, I am now underwater on across the bold.
People may argue 'but Bitcoin is different!'
Bullshit, it is just the exact same thing getting played in hyper fast forward mode and even looking to Bitcoin's own history, in the two previous crash scenarios , it took months for events to finally play out with considerably lower prices found after a period relatively stable downtrending.
Yet here we are, with prices basically 80% of the ATH, and everyone thinks everything is all done and dusted and it's all trending followed by inevitable upside from here?
If I could really bring myself to think that, then I would be going all in, long, right now, because that is my ultimate goal......but I aint paying three, or four, or five, or god knows how multiple times more for my Bitcoins than I have to.
good, stay out, and don't come to cry later "If" the price will start rising and you miss the train....
577.
Post 4630621 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
good, stay out, and don't come to cry later "If" the price will start rising and you miss the train....
Depending on how things turn out from here, your name might well get added to the illustrious list of idiots who told me I was making a bit mistake by selling $1100 coins at $1000 range.
...and lets face it, if was Dec 6th, and I was selling or going short or whatever, like a broken record player, you would be making the exact same noises wouldn't you (and therefore your not really worth listening to).
Dont deny it cos I can easily check your historical posts.
Ha, everyone wishes things to go on their desired directions, your mind fool you to the point that your desire become the only logic, this is only a fact, the difference between us is that I use common sense, and I am in position that I would profit either ways, Bitcoin goes down buy more, bitcoin goes up yay
I don't predict the future, and I am no TA expert, but I can check the adoption rate and the madness going around Bitcoin now, we never had this attention, we never had businesses racing to adopt Bitcoin we never had these amount of startups we never had all of the new kind of projects leading building around Bitcoin infrastructure and we certainly never had this amount of new users.
I do not think that the infrastructure reflect the price of Bitcoin yet, but as always this will follow and catch up faster than you think, I think a smart person in doubt of the current price could just buy in small batches to average up and make sure to not miss ......
I am the biggest Idiot that I try to explain obvious things to some people, you are welcome
578.
Post 4637147 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
so gox bux is becoming worthless, $150 between gox and all exchanges.... and most of the action is happening there...
579.
Post 4639903 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
you silly boy. not only do you gamble your money, now you gamble your ego.
read his previous post at me.....then u may understand where I am coming from...
....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong.
The Bitcoin nutter is a simple creature and not hard to outwit.
really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way.
margin calls pay my bills.
Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement.
this is what he didnt like when he said that Bitcoin is a bubble, and he would not pay 3 or 4 or 5 times more than the "real" price of a bitcoin, but then he didnt like my answer, from there on you are up to date
Ha, everyone wishes things to go on their desired directions, your mind fool you to the point that your desire become the only logic, this is only a fact, the difference between us is that I use common sense, and I am in position that I would profit either ways, Bitcoin goes down buy more, bitcoin goes up yay Wink
I don't predict the future, and I am no TA expert, but I can check the adoption rate and the madness going around Bitcoin now, we never had this attention, we never had businesses racing to adopt Bitcoin we never had these amount of startups we never had all of the new kind of projects leading building around Bitcoin infrastructure and we certainly never had this amount of new users.
I do not think that the infrastructure reflect the price of Bitcoin yet, but as always this will follow and catch up faster than you think, I think a smart person in doubt of the current price could just buy in small batches to average up and make sure to not miss ......
I am the biggest Idiot that I try to explain obvious things to some people, you are welcome Wink
580.
Post 4641231 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
I really cant buy that Huobi have such large volume, so beside the 0% fee how people do deposits and withdrawals ? I cant figure out why BTCChian went from the biggest exchange in the world to one with very low volume, because of the whole china situation Huobi became the biggest exchange, for what reason ?
any one of you here have any confirmed information about this ?
581.
Post 4644918 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.57h):
Ok, yes we don't have the thrill of $100,- increase in a day now. But this consolidation period is very very healthy for bitcoin, i'm happy with it. Just be patient the rally will resume one day. Quit your screen and do something productive for bitcoin.
+1
one of the things I like about this forum, ask not what bitcoin can do for you but what can you do for it
nailed it hahahahahah
sorry guys, at the moment I do not really have any idea about the directions, most of the time I feel so bullish, then I start digging and questioning whole situation, then I decide to just forget and do something productive instead and let the market do what ever, I am done daily trading anyway, I just like to read what people thinks and argue a bit with them
(certainly not a troll)
meanwhile, I have the urge to learn python, it is one of my goals, years of IT administration made me a really lazy ass, I don't even remember when was the last time I wrote a useful script, now it is time to start thinking about doing something like that beside my daily job. maybe write something that users can benefit all of ? just be productive as the post above suggest
582.
Post 4735978 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.59h):
The upward trending channel continues from yesterday, now almost 24 hours old.
This is certainly bearish news as it means that people haven't realized that bitcoin is going to go down, so they're mistakenly buying, which means they will run out of money and won't be able to buy anymore, and that means that it will go down soon as a result. I've checked a re-checked my analysis and waves and have confirmed that up means down.
Confirm with source, or GTFO.
Confirmed
here.
what has that to do with Bitcoin, and yes I do read Arabic
583.
Post 4736474 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.59h):
The upward trending channel continues from yesterday, now almost 24 hours old.
This is certainly bearish news as it means that people haven't realized that bitcoin is going to go down, so they're mistakenly buying, which means they will run out of money and won't be able to buy anymore, and that means that it will go down soon as a result. I've checked a re-checked my analysis and waves and have confirmed that up means down.
Confirm with source, or GTFO.
Confirmed
here.
what has that to do with Bitcoin, and yes I do read Arabic
Well, then you should have clearly seen the confirmed Arabic news that demonstrates why if the bitcoin price goes up, then it will crash, and if the bitcoin price doesn't go up, then it will also crash. This shows, via my source, that the only direction is down. This has also been confirmed by my custom regression analysis using 4th echelon wave theory backtested to 2003.
I see, you have strong sources
forgive my ignorance
Bitcoin is doomed and send all your coins the the address in my signature I will pay you $100/BTC, better than 0 you know
584.
Post 4750309 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_11.59h):
and 1800 BTC was bought in a market order, just wow, it was fun watching him eating all the walls
585.
Post 4792689 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
mmmmm...looks like we wont see the usual 150-250K/24 hours volume again, all the FUD going around triggered only 30K on bitstamp, this makes me so bullish about the medium-long term future of bitcoin
586.
Post 4795466 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
Here we go again another recovery to $820 BS and then all the trains and moons come out. Surely this one will be it.
too much Fiat ?
587.
Post 4795829 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
Bitcoin is a Bear Trap Killer.
There is much resilience fighting this bad news. Big drops are rarer now, the bear in me is near capitulation..
Too much money on the sidelines i predict over 900 on Bearstamp next week if nothing happens in china past 31st.
yes I totally forgot about that, hahahah so how many people still believe that the price is going down that day and are waiting aside for a drop.... it will be so much fun the next couple of days
588.
Post 4795902 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
better, but should be green.
TEH ART OF HODL:
ahh so that 1 at the end is intentionally, I thought you forgot hitting shift each time
589.
Post 4796313 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
and huobi is offline now for 15 minutes
Edit: back online
590.
Post 4802491 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
hey, am I late ? did the NY hearing start ? if not, when will it start? (time in GMT)..
591.
Post 4802535 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
thanks I will be waiting....
how did the first round go though? anyone can summarize it for a lazy ass like me ?
592.
Post 4804143 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
ok charlie lee is really going on retard mode "then the US government can join mining to protect the network" WTF!!!!
Edit: when I think about it for a moment, if really US tries to join mining they will give bitcoin more credibility, if they just wont approach 51%, then we all have to worry
593.
Post 4804210 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
ok charlie lee is really going on retard mode "then the US government can join mining to protect the network" WTF!!!!
I actually thought this was a hilarious point, they'll never do it, but it was awesome to hear him say it.
yes I edited my post:
Edit: when I think about it for a moment, if really US tries to join mining they will give bitcoin more credibility, if they just wont approach 51%, then we all have to worry
594.
Post 4805021 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
charlie lee is disappointing, I really expected him to do better, in fact all 3 of them suck hard, if I went there I would talk better then all the 3 put together
595.
Post 4805310 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
Funny... I bought a Lambo and I am doing my masters at that school in Cyprus, paid with BTC.
Adopt me
Ha, the Goat house is getting full. My second son was born yesterday about this time. Both baby and Mother are happy and healthy.
EDIT: WTF are you doing here anyway ?!!! Bitcoiners are really strange hahaha , Bitcoin adiction hahah 
596.
Post 4806201 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.00h):
Charlie Lee's house, this morning:
"Hey babe, wish me luck at the NY hearings - a whole panel and no-one from Bitcoin, just me - founder of Litecoin"
"OK honey - is that good?"
"Yep, I bet Litecoin will go to the moon.."*
*LTC down, he blew it.
As a large LTC holder I'm happy they saw that LTC is the silver to BTC's gold and wanted him there.
He is not a speaker and he does not have a foundation to back him up. (yet maybe)
aren't you one of the supposed foundation creators ? hahahah I remember something back in 2012 when you formed it and the community went crazy over that, I don't remember good the details but I always had in mind that you were a part of it, and last time I was checking they have the Litecoin association as well....
I was an LTC hardcore user, I started mining when difficulty was around 18 when the notroll.in still existed at the time, but I sold all my Litecoins, I don't know if I feel the regret about that, but one thing I am sure about, all the scam coins pooping up made me reconsider my point of view.
although I don't hate LTC but everything is attached to bitcoin success so this is why I don't hold any...
597.
Post 4823843 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
They will never take Rpitelia alive.....
Nice found there, now I feel stupid for my wasted time arguing with that guy, a picture say a 1000 word...
598.
Post 4824192 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
Please post pictures of yourselves. Thanks
Edit:
Also he's been admittedly diagnosed with a bipolar disorder.
Does that make you feel kinda strong if you post this???
you wont achieve anything by licking his balls, and for sure you are new here, I didn't make fun of his look neither I give a fuck, but readt his posts then look at that pictures go back and read the posts again then look back at that picture repeat few times then tell me if you understood what I meant
I regret each debate and each post trying to argue with him, a total waste of time, I would master Python if I spent much time trying to achieve a "quality debate" with him on learning, well he deleted most of my posts and I am banned, so he really saved me from my self, maybe this is the best thing he has done...
599.
Post 4824259 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
Please post pictures of yourselves. Thanks
Edit:
Also he's been admittedly diagnosed with a bipolar disorder.
Does that make you feel kinda strong if you post this???
you wont achieve anything by licking his balls, and for sure you are new here, I didn't make fun of his look neither I give a fuck, but readt his posts then look at that pictures go back and read the posts again then look back at that picture repeat few times then tell me if you understood what I meant
So do you dare to post a picture or not?
mmmm why do you need my Pic ?
600.
Post 4842158 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
the good news is the volume is slightly starting to go up on BTCChina, hopefuly that Huobi silly manipulation will die
601.
Post 4842614 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
602.
Post 4842963 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
BTCChina volume is 17800 now, are we looking at the next boom ? mmmm lets watch and see
EDIT: 18100 while typing hahaha
EDIT2: 18500 WTF
EDIT3: it is just going crazy, I wont keep with numbers...
603.
Post 4843158 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
BTCChina volume is 17800 now, are we looking at the next boom ? mmmm lets watch and see
EDIT: 18100 while typing hahaha
EDIT2: 18500 WTF
EDIT3: it is just going crazy, I wont keep with numbers...
It´s the same coins goin back and forth
95 buy
95 sell
96 buy
96 sell
76
77
...
I wonder if that volume might be fake..., they´re actin even worse than Huobi now, it´s so obvious, they don´t even try to hide it anymore.
mmmm there is something interesting there, I dont know what to think though, I dont want to jump to assumptions, lets watch closely for some time...
604.
Post 4843326 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
Whoever is doing that is loosing money, a buy then a sell and it keeps getting lower,I would guess someone is pointed his bot trying to hurt the exchange by showing " faking volume case" to kill it maybe ?
they would be so stupid if they want to fake their volume this way, this is not and insider job
605.
Post 4843549 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.01h):
the 1 minute chart is just hilarious 
606.
Post 4908408 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
Holy cow gox under 1000 volume.
Unfortunately Gox is dying slowly, First the drama in April with their trading engine lag, then the Fiat withdrawal problems and now the BTC withdrawal problems.
Gox has been the leader, a year and half ago they held more than 80% of the trading volume, now they lost more than 80% of their volume and I am afraid that they will have to fix all their problems ASAP or they will have 0 volume and then they will have just to shutdown.
but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today.
607.
Post 4908800 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today.
If there were no Gox, we would have Box, Cox, Fox, whatever to make bitcoin to be at what it is at today
But we didn't
and you could have Box, Cox or Fox even when Gox existed but you didn't and this is what I meant
608.
Post 4910066 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
Holy cow gox under 1000 volume.
Unfortunately Gox is dying slowly, First the drama in April with their trading engine lag, then the Fiat withdrawal problems and now the BTC withdrawal problems.
Gox has been the leader, a year and half ago they held more than 80% of the trading volume, now they lost more than 80% of their volume and I am afraid that they will have to fix all their problems ASAP or they will have 0 volume and then they will have just to shutdown.
but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today.
Yesterday's volume at Gox of 1458 btc was the lowest since they started in 2010 (except the week they were closed in 2011).
(1) gox has been declared dead before, and it always came back so far, like a fucking zombie, so with that in mind I'll express point (2) below with a caveat
(2) for the first time it looks to me like gox might *actually*, *really* go down in flames this time. not today, not tomorrow, but drastically lower volume plus mounting withdrawal problems mean that 2014 might (IMO) see gox go bust.
(3) which, despite what people like to tell themselves about "it already being priced in", would be ugly for price. Think "fbi silk road seizure" ugly, at least short term.
(4) But: It will be *so* worth it
did anybody say cheap coins???
I want to learn how to determine the Price of Bitcoin being cheap or expensive, it is confusing to me, I thought demand and supply and the order book depth and the gap between bids and asks determine it but I always learn new stuff, in other words $500 is cheap only when the price on exchanges is 800 and you get an offer for 500
609.
Post 4911188 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
looks like week end rallye is over... we going down down down now. the question is.. will we break last ATL at around 725 on stamp last week?? ^^
What rally?
the first member joined September the second joined November, so the price has to crash for them to feel good so they have the chance to buy in lower, the same when I knew about bitcoin when it was around 10 and I wished if the price crash to 1 so I can buy more.... when the price will be 10K the newer members will start wishing for 1000 and every drop will be a crash and every small rise will be a rally.... as simple as that
610.
Post 4912920 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
Ok let's speculate. How low could we go on a Gox collapse?
Referencing Oda's earlier point about the SR bust...let's remember that before it happened the sage PoV was that it would massively impact the market. The reality, after it happened, was the price was back on track in under a week.
The market(s) may actually respond positively to la vie sans Gox.
Complete agreement with your last line. Medium /long term it would likely be bullish, but it might throw us into a short period of selling frenzy, if it happens.
something something, racism, I am a pathetic person this is why I attack races and religions, something something, I just proved I am a total idiot...can you please stop with your racism ?
611.
Post 4912971 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
can you please stop with your racism ?
Can you please stop quoting him?
sorry, I realized the mistake that I did just later and I edited the quote
612.
Post 4930332 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
Suppose that the price of a BTC fell to 100 USD while its transaction volume kept increasing. Would mining still be profitable?
it depends how you look at this situation, basically if we look at the USD value and the cost of the hardware and energy, internet, cooling... small miners are barely making any profit at today's prices, now if you look to profit in terms of BTC then small miners are not making any profits at all and this is due to the fast difficulty rises since April...
So most of miners will have to hold their bitcoins and wait for a higher price to break even in USD, and most of miners that were aiming for BTC profits has realized that the BTC ROI is getting harder and harder to achieve but this will settle down when the ASIC era is over, it was the same case when mining switched from CPU to GPU...
613.
Post 4931079 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
Suppose that the price of a BTC fell to 100 USD while its transaction volume kept increasing. Would mining still be profitable?
it depends how you look at this situation, basically if we look at the USD value and the cost of the hardware and energy, internet, cooling... small miners are barely making any profit at today's prices, now if you look to profit in terms of BTC then small miners are not making any profits at all and this is due to the fast difficulty rises since April...
So most of miners will have to hold their bitcoins and wait for a higher price to break even in USD, and most of miners that were aiming for BTC profits has realized that the BTC ROI is getting harder and harder to achieve but this will settle down
when the ASIC era is over, it was the same case when mining switched from CPU to GPU...
tell me more...
what do you want to know ?
614.
Post 4931282 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.02h):
Suppose that the price of a BTC fell to 100 USD while its transaction volume kept increasing. Would mining still be profitable?
it depends how you look at this situation, basically if we look at the USD value and the cost of the hardware and energy, internet, cooling... small miners are barely making any profit at today's prices, now if you look to profit in terms of BTC then small miners are not making any profits at all and this is due to the fast difficulty rises since April...
So most of miners will have to hold their bitcoins and wait for a higher price to break even in USD, and most of miners that were aiming for BTC profits has realized that the BTC ROI is getting harder and harder to achieve but this will settle down
when the ASIC era is over, it was the same case when mining switched from CPU to GPU...
tell me more...
what do you want to know ?
about the end of the ASIC era
if you want me to tell you to not worry it will come to and end then no but I can tell you that once the ASIC prototypes are available in a large scale and once the network diff. growth will surpass the price growth which is happening now the ASIC era will slow down...
615.
Post 4993713 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.04h):
hello Guys, and hell I was wrong, I thought we will never test that 700 again, and I still don't understand why, I wasn't paying attention to the price lately so I have no idea what is going on but something caught my attention, Stamp and Gox have the same price now !!!! are withdrawals on gox working again ?
616.
Post 4993818 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.04h):
anyway, the biggest winners are exchange operators, they must love the high volume after the slow couple of months...
617.
Post 4995436 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.04h):
All the bulls are stupid. This is going BELOW 400$ ! Probably 200$ and below!
and maybe ripple to 1000 right ?
618.
Post 4995509 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.04h):
All the bulls are stupid. This is going BELOW 400$ ! Probably 200$ and below!
and maybe ripple to 1000 right ?
Well no we will have to wait they get out of beta first ^^ 0.5$ for ripple would be already a fucking bubble (it touched 0,1$ 2months ago)
welcome to my ignore list...
619.
Post 5005011 (copy this link) (by mmitech) (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...
620.
Post 5017232 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.04h):
well I guess I was wrong all the way, congrats for the bears that called it, I knew there will a correction but I've never thought that 700 wont resist, most of the support was laying down there. unfortunately I cant benefit from this drop, or should I say thankfully ? all my bitcoins are tied up in other investments (IPOs, Startups), so there is no way for me to trade as I don't hold any of my bitcoins, I was thinking about a mid-long term investment of 80% of my holdings and cashed out the other 20%.
now that I cant do anything with my bitcoins for at least 6 months, I feel released in some way
621.
Post 5063213 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.06h):
the irony when gox had a premium price of $150+ then other exchanges, today you cant get your bitcoins and you cant get your fiat but bitcoin price is $110 less than other exchanges, you know why ? because fuck you customers and it is bitcoin's falut not ours
622.
Post 5076764 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.06h):
anyone can log into bitstamp ? I am having troubles to log in, and I am reading that people cant withdraw BTC as well, is this true ? anyone having the same troubles ?
Edit: I just logged in, but I am still curious about BTC withdrawals.
623.
Post 5141060 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.09h):
Lol I don't know why everyone makes a big deal about the drink like it's the most important thing going on, it's just a regular drink from Starbucks as far as I can tell.
there is no backdoor/coding problem at mtgox, the problem is simple, Mark keeps eating your bitcoins, it is clearly what is happening you can check your self on that video hahahahahaha
624.
Post 5159489 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.10h):
Niiiiiiiice double-bottom forming on Gox!
Meaning? (new to this)
it means that the price will go up.... but gox is irrelevant at this point, that double bottom has to be on stamp IMHO so we can say that the price will go up, my suggestion is 450-480 will be visited then we will be going up from that point.
my best suggestion is to HODL...
625.
Post 5164199 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.10h):
when Gox activate BTC withdrawals, we will see a fast price denial, gox price will start recovering very fast, it is already happening, people are buying GOX BTC at a discount, then they will dump it all over other exchanges.
IMHO we could visit 400-500 range and stay there for a couple of days, then maybe recover back to 700-800 when all the action/FUD is gone...
626.
Post 5177180 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.10h):
Stop selling on Stamp you idiots! There is no reason to panic! You are only making it worse for yourself! You stupid sheep!
traders sell now hoping to buy lower, others panic thinking about the worse case scenario which I cant figure out yet, on Monday or in general next week there will be 2 scenarios:
1- Gox will not allow BTC withdrawals and declare its death, bad news people will panic and the price will crash on all other exchanges.
2- Gox will fix the BTC withdrawals and allow people to get out, Arbitrage will happen, all the coins at discount now will be sold on other exchanges which will bring the price down.
some people try to play these cards and this is what is happening now...
627.
Post 5177778 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.10h):
Windy is a millionaire...he's stated it here before.
I am Bill Gates.
Well, Bill...will you sort out your fucking OSes...I gave up after XP and my wife's version of Win8 is so frustrating, the updates take forever.
BTW love all your work for charidee
Windows 7 is pretty much perfect imo.
Window 8.1 is really great, performance kills Windows 7, the change in GUI sucks because most users are used to the GUI Microsoft had over decades, I got use to it and I like it, I cant switch back to Win7, it is either Win8 or Ubuntu for me now.
628.
Post 5177813 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.10h):
These prices are insane. If it enables withdrawles, than what?
Since you and several others continually butcher this, let's give this a shot...
withdraw: verb. Use: "I wish I could withdraw from Gox."
withdrawal: noun. Use: "I wish Gox would enable withdrawals."
Next week we'll work on "cow." The cow goes
mooooooo.
in which language the cow goes mooooo ? English ? hahahahaah
629.
Post 5183642 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.11h):
No point panicking. We have to re-test 560 soon at the very least.
We will be good if we only re-test 560, I have a feeling that we will go to 400, a flash crash to 350 is also possible, well Mark Karpeles (MagicalTux) is doing his magic of goxxing all of us, even if we do not use his exchange we will be effected...
630.
Post 5208482 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.12h):
I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin. It makes me worried about the future of human life.
Don't worry. They can only take from the unprepared. In the long run, they are doing everyone a favor.
the trolls dont achieve anything in life, this is why they start trolling at the first place....
631.
Post 5262050 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
Guys what is wrong with stamp ??
632.
Post 5262239 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
OK there is nothing wrong, I just contacted Bitstamp (I live near them) and they activated withdrawals for me right away, they told me it is a safety precaution, and they will make an annoucment and send e-mails with instructions to how withdraw..
so just be patient...
633.
Post 5262636 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
Dunno why people are insinuating that people are trying to spread FUD saying that they have been stopped their btc withdrawals from stamp.
How many people do you need to report the same thing before you beleive it.
Oh here's my proof (check the date and time)
About 50% of the last few minutes of messages explain to you that it is not a problem, and yet you still don't read them....
I think that we have to make a thread for people to understand, lately the amount of trolls and noobs and all the fud around is just insane
634.
Post 5262794 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
Okay thanks. Yeah, I think they spotted the fishing attempt and paused withdrawals on the affected accounts as a precaution.
where did you see the phishing attempts ? I was offline the whole day, did I miss anything ?
635.
Post 5262840 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
I am calling BS. My withdrawal (several thousands of dollars) has been pending since 16th february. All Bitstamp did was sending of KYC questions on 18th. Since then NOTHING. And no I can´t use the money for trades either, they are just floating in limbo right now.
The problem everyone is talking about is BTC not $
So it´s perfectly okay, that people can continue to play with virtual money, but their bank accounts will stay empty? Thanks for clearing that up.
I had the same KYC email when I requested a SEPA withdrawal, and I just answered the questions and provided a copy of my Passport and they proceeded my withdrawal, so I am not sure what are you waiting for...
636.
Post 5262930 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
Okay thanks. Yeah, I think they spotted the fishing attempt and paused withdrawals on the affected accounts as a precaution.
where did you see the phishing attempts ? I was offline the whole day, did I miss anything ?
I received emails from '
support@btcguild.com' yesterday and the day before for the first time which contained a link to download malware. A few other people got that email too, people that got that email get the error message when attempting to withdraw bitcoins from Stamp. I am not registered at BTC Guild, and it was sent to the email address I use for my Stamp account.
I did receive that E-mail as well, I just read the email and was like "yes nice try", so I guess that was it.
637.
Post 5263022 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
I did receive that E-mail as well, I just read the email and was like "yes nice try", so I guess that was it.
I wonder how stamp knows which accounts received that e-mail, assuming that is the withdraw suspension trigger.
maybe BTCguild provided them with the Addresses the e-mail was sent to ? if it was really BTCguild safety fuckup, I think their last move was to prevent anything from happening with contacting stamp ? I have no Idea I am just speculating ...
638.
Post 5263125 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
I did receive that E-mail as well, I just read the email and was like "yes nice try", so I guess that was it.
I wonder how stamp knows which accounts received that e-mail, assuming that is the withdraw suspension trigger.
maybe BTC guild provided them with the Addresses the e-mail was sent to ? if it was really BTCguild safety fuckup, I think their last move was to prevent anything from happening with contacting stamp ? I have no Idea I am just speculating ...
But I am not registered on BTC Guild, some other people that got the email are not registered either. I think they maybe got the emails from Bistamp directly or some other way and just send it from '
support@btcguild.com' to not arouse suspicion.
mmm yes this is really strange
639.
Post 5263162 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
I guess then that we had a leak at bitstamp side.
We need to hear from somebody who used an exclusive address for their bitstamp account (ie. one that they have not used on some other service), yet still received that spam, to know this for sure.
I use 2 exclusive IP addresses, and use 2FA and use all their security features, and I got my BTC withdrawals blocked, so I really do not know what happened exactly, I guess their announcement will answer everything
640.
Post 5263331 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
ok here is something to think about, who of you use and android ? and use the same email for google account with Bitstamp? it could be a Bitcoin related APP.... I need some co-operation here, we need to know from where they've got our emails...
641.
Post 5263364 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
Amazed by the amount of people saying they don't use 2FA.
Seriously guys, WTF? How difficult is to download Google Auth on your phone and to set up the 2FA on your exchange account?
Why do you try so hard to be the low-hanging fruit and thus to be hacked?
WHY???
I guess i'm not the only one who worries about losing the phone and doesn't really know how to keep backups of the 2FA stuff properly.
you just write the key down on a paper and save it, do you lose important documents as well ?
642.
Post 5263442 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
ok here is something to think about, who of you use and android ? and use the same email for google account with Bitstamp? it could be a Bitcoin related APP.... I need some co-operation here, we need to know from where they've got our emails...
You're a smart one.
My app/android email =/= my bitstamp email.
Others?
I also have the same configuration My app/android email =/= my bitstamp email
we need more people to confirm this , maybe there is an APP doing this, who knows !!!
643.
Post 5263632 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
ok here is something to think about, who of you use and android ? and use the same email for google account with Bitstamp? it could be a Bitcoin related APP.... I need some co-operation here, we need to know from where they've got our emails...
You're a smart one.
My app/android email =/= my bitstamp email.
Others?
I also have the same configuration My app/android email =/= my bitstamp email
we need more people to confirm this , maybe there is an APP doing this, who knows !!!
Wait, what? My email of Bitstamp is *not* the same as that on my phone, and I *can* withdraw.
I'm confused... you can't withdraw, right?
opss sorry didnt understand the / I got it and I use the same mail. so we need to get to the source
644.
Post 5264347 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
Ok I am analyzing my phone and I have only two Bitcoin related apps, the first is the bitcoin checker and the second is the Blockchain.info wallet, the other thing is that I am registered in havelockinvestment and few days ago someone reported a security breach where his account was totally emptied.
I also have a cointerra account, and we all know that they had their site hacked few weeks ago as well, I cant think of something else... anyone have the same experience ?
645.
Post 5266510 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.14h):
this image is so strong, this is how gox price is close to 0
646.
Post 5283605 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.15h):
I've got some FIAT on Bitstamp as well, I don't know where the price is heading but I wish if it go as low as 420 so my orders will fulfill, if not I will just cash out what I have in there
647.
Post 5284382 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.15h):
we're going below 500.
We're going below your mom.
Stay class Billyboy, stay classy...
In real world you would need to prove that point with your fists and strength of your teeth but this is Internet so staying classy is best way to not look like an idiot. I guess not looking like idiot is hard in your case but people have done bigger things while trying hard
You mom doesn't like it when I use fists and teeth. Four fingers at the most.
Seriously, what is wrong with someone saying "we're going below 500" ? I think we will go below 400 a flash crash maybe ? who knows, take your feelings out of this, I do hold allot of wealth in Bitcoin, but this cant stop Bitcoin from going down, also trashing other members wont stop it..... you will look silly if it happens.... I've been there
648.
Post 5284433 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.15h):
I also noticed another bitcointalk thing.
when we are in a downtrend, big hodlers like goat, rpietila, loaded, etc, are nowhere to be found in this thread. we have just a bunch of aggressive minions instaed.
Goat and Risto are long gone from this thread, Risto said that he will come back when we hit low 500 as he predicted, I dont know for Goat, maybe he is busy Mining ? Loaded was never a daily poster....
649.
Post 5285736 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.15h):
Bitstamp is offline for me..
650.
Post 5301947 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.15h):
I am still not convinced about the price going up, looks like a trap to me, well If it wont go down, I will cash out the money I have in Bitstamp....
651.
Post 5308237 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
what I really cant get out of my head is the Gox situation, when it is all over and supposedly they will really fix their problems we will see an interesting couple of weeks, the last 10 days have been crazy, hundred thousands of Coins were traded there, if we assume 60% of the coins will be held and only 40% will be sold on other exchanges, this will bring the price to the knees...
I am somehow still confident about the price will dropping but still cant figure out how low to put my orders, 350,400,450,480 ? how low the price will drop is the question now...
652.
Post 5316353 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this?
something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop.
only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit..
653.
Post 5317979 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example?
The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe....
654.
Post 5318421 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example?
The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe....
Of course it would be great to buy in at the best possible point in time from when you decide that hodling bitcoins makes sense.
However calling people who bought in at 1k bagholders depends on your personal prediction of what bitcoin may achieve and your personal goals.
If you are in it for the long term and don`t want to speculate and believe bitcoin can go beyond 10k then buying at 1k isn`t the end of the world. True, you could have gotten twice as many coins but then you are automatically moving towards the realm of speculation.
Thats why dollar cost averaging makes sense. You don't go all in right away.
I've also bought fractions of a BTC above 850USD and don't feel like a bag holder. I believe that it will eventually surpass that point once again.
Yeah, i could try to sell and buy lower but then I'm speculating and knowing my limitations in regards to predicting any movements at all I'll most likely lose even more through classical "buy high sell low" moves.
Sorry, I think there is a general misunderstanding, buying and holding Bitcoin was proved to be a great deal for investors since 2009, nevertheless coming to this thread and saying buying and holding is the best choice is nonsense, like we don't know that.
To remind some of you here, this is the Speculation Sub-forum, we come here to speculate about price movements, posting here makes you automatically a speculator and there is nothing wrong with that, I am a long term bull, but this doesn't mean I have to be bullish short term, I would like to increase my holdings and I am aware of the risks, I could miss the opportunity and this is why you never go 100% FIAT .
And to tell me that I have to be 100% Bullish/bearish everyday is just stupid, look at the chart... there is ups and downs, the market is in bullish move you sell, the market is in a bearish move you buy, how hard is this for you to understand ? now calling Tops and bottoms is hard and its an art which I try to understand.
One last thing, dont forget that some people do this for a living so stop telling us about how holding a $1000 coin will bring you $9000 profit when we hit $10K, until then some people need to put food on their tables.
655.
Post 5318532 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example?
The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe....
Prices plummeted to $3 in 2011 and those who held still are looking really good now. This is Bitcoin. Prices fluctuate and only those with the discipline to hold will keep their coins. If you can't just sit their while your portfolio loses value, then
BUY MOAR.
Thinking in terms of days is not a good idea. Nobody who has owned bitcoin less than a year has any business day trading. You don't know the market. I recommend two years. Until then, buy and hold.
where were you since 2011 ? and BTW I will add this: I do not only speculate about Bitcoin price but I also help push the infrastructure by doing helpful stuff that you may not know about me...so I will advise your smart ass to go do something helpful rather than bitching on this thread, now that we all know you are a Hodler stop spamming this thread with nonsense...
656.
Post 5318746 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
My dad bought at $31/BTC in 2011 and held. Was that a bad move and if not, Why is holding coins bought at $1000 a bad move?
The ONLY way you're gonna lose money is by selling below your buy price. The ONLY way you're gonna lose is by listening to assholes who are telling you to cut losses.
And what about the assholes telling everyone to hold at $1000 when we have seen prices half of that? Assholes like you, for example?
The next few days when the price will drop dramatically I will see what these people will say, just try to play it safe....
Prices plummeted to $3 in 2011 and those who held still are looking really good now. This is Bitcoin. Prices fluctuate and only those with the discipline to hold will keep their coins. If you can't just sit their while your portfolio loses value, then
BUY MOAR.
Thinking in terms of days is not a good idea. Nobody who has owned bitcoin less than a year has any business day trading. You don't know the market. I recommend two years. Until then, buy and hold.
where were you since 2011 ? and BTW I will add this: I do not only speculate about Bitcoin price but I also help push the infrastructure by doing helpful stuff that you may not know about me...so I will advise your smart ass to go do something helpful rather than bitching on this thread, now that we all know you are a Hodler stop spamming this thread with nonsense...
Who's bitching? Are you having a bad day? You seem kinda grumpy.
you spend most of your time on this sub-forum and most of your posts are in this thread, and most of things tha comes out your keyboard are only trashing people when they try to observe the price movements, it is cool when they say CCMF, but you trash them when they say they think there will be a drop !!!!
the title of this thread is
Wall Observer BTC/USD - Bitcoin price movement tracking & discussion so if you don't like both price arguments go spend your time on something that is really helpful for the eco-system.
657.
Post 5319143 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
you spend most of your time on this sub-forum and most of your posts are in this thread, and most of thing comes out your keyboard is only trashing people when they try to observe the price movements, it is cool when they say CCMF, but you trash them when they say they think there will be a drop !!!!
the title of this thread is Wall Observer BTC/USD - Bitcoin price movement tracking & discussion so if you don't like both price arguments go spend your time on something that is really helpful for the eco-system.
I think what really gets to you is that I'm almost always right. It must burn you that a permabull can eat your lunch even in a bear market. It's ok. I don't take it personally. Someone has to be on the losing end of the trade ;-)
now look to this chart, this will explain to you how traders change their postions from bearish to bullish and make some profit (1h chart BTW)
and look at this (3d chart BTW)
what is Hard to understand here ? there is nothing personal when tracking the price and try to make some profit of it, you are the only one taking things personally here.
658.
Post 5319673 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive...
and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here
659.
Post 5319725 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
These arrows aren't quite vertical. Makes it easier to predict the future in these conditions
also the buy bottoms and sell tops weren't accurate, just saying, I was explaining how trading works, nothing so technical there.
660.
Post 5319802 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
1day Moving Averages are crossing for a buy signal.
1hour Moving Averages are crossing for a sell signal.
We also crossed the 200Day EMA a couple of days back, which might be an indicator that the bear market is over.
to be honest, sometimes I think people doesn't even read previous posts, I am not implying that I know things but I am reminding you people this is the Speculation sub-forum dont be so offended with predictions...
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this?
something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop.
only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit..
661.
Post 5319875 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my posts was just a reminder that this is the speculation thread, no need to attack other people, I him attacking other members and calling his mom names (only teenagers does that)...... so you are missing my point here
The guy said we were going below 500 and we shot up like a rocket! If he wants to be a credit to his mother, he should have made the right call. You want etiquette or do you want accurate analysis? I know a shitload of poor people who are polite as hell. They have to be.
did he give you an ETA ? nope I don't think so..... even though, how old are you anyway ? trashing members is something acceptable ? do you raise your kids (if you have any) this way ?
662.
Post 5319902 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
1day Moving Averages are crossing for a buy signal.
1hour Moving Averages are crossing for a sell signal.
We also crossed the 200Day EMA a couple of days back, which might be an indicator that the bear market is over.
to be honest, sometimes I think people doesn't even read previous posts, I am not implying that I know things but I am reminding you people this is the Speculation sub-forum dont be so offended with predictions...
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this?
something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop.
only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit..
Lighten up, I saw your TA and thought I'd do a little of my own, I didn't even mention you.
sorry, I didn't mean any disrespect
663.
Post 5320271 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive...
and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here
Your average is positive in fiat or bitcoins?
Yeah, I didn't miss your point. I was more interested in the chart. I don't need a reminder that the internet is full of trolls!
Bitcoin
and I cashed some profits to be honest...
664.
Post 5320392 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
665.
Post 5320619 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
Some would call me a troll, but here you go
No coins at all. Fail.
you want me to sign my address for you ? and bet for 10 BTC do you have balls ?
Edit: some of us use something called Paper wallets for their long term investments, it proved to be more secure, you should try it, for 10 BTC I will take the hassle and go through the process of signing my address for you
666.
Post 5321321 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
I forgot to mention something before, basing trades only and purely on indicators and charts is plain ridicules, market sentiments, news and rumours, insider trading and some other things can ruin your plans (and there I fucked up many times), also the waves of adoption rate can make a difference.
I shared my TAs on this thread only few times, and I found it hard to understand people who base their predictions only on news or only on TAs, as you can recall my arguments with Risto, he based his calls on pure TA ( and the Ego involved wasn't acceptable for me, maybe his ego stepped on my ego which I totally admit).
but from this Gox mess, I feel more confident about not just bottoming yet, nevertheless the TA could show a bottom forming but Mtgox BS could effect that, we will see in which way.
this is only my opinion (no financial advise).
667.
Post 5321944 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
Like that comparison. Hadn't thought of that one.
The more I think about it, the more interesting it becomes (in my mind).
Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Every thing is open and available for the world to audit. The servers are decentralized.
Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)
WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes!
you brought a funny story to my memory, I have a friend who lived in France that was invited to work in Qatar, he earn a good salary there and have a paid flat and paid car and (paid expenses in general), the only thing he spends on is food and luxury, depends on what luxury means, usually our priorities are different, what is luxury for me could be obligation for you, but knowing my friend pretty good (my best friend) I know for sure that he is not the kind of person who spends but the kind of who like to save to do big things.
this bring us to the story, he has been in Qatar for several years now and last year he came to visit me here (summer time), and while discussing life matters with him he asked me about my opinion on investing some of the money he saved, he was thinking about investing €20K ( I didn't mention that he is a journalist and I am an IT engineers) so I responded right away buy some bitcoins, the price was around $70-90...
after explaining the whole thing to him with excitements, he said nah what ever... the funny thing is that he visited me back in December 2013 and asked me again the same question, and I told him if you invested into Bitcoin you would have 10 times more what you've invested, but he kept his opinion and told me nah now it is too late.
the moral of story, people usually doesn't see the bottom of things (that you see), no matter how you try with them, it doesn't interest them and that is it, for instance it took me a year and a half to convince my co-workers to try out Bitcoin and it took me 15 minutes to convince the computer hardware online store to add bitcoin as a payment method (
www.sestavi.si if you are interested)
668.
Post 5321985 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.16h):
I forgot to mention something before, basing trades only and purely on indicators and charts is plain ridicules, market sentiments, news and rumours, insider trading and some other things can ruin your plans (and there I fucked up many times), also the waves of adoption rate can make a difference.
I shared my TAs on this thread only few times, and I found it hard to understand people who base their predictions only on news or only on TAs, as you can recall my arguments with Risto, he based his calls on pure TA ( and the Ego involved wasn't acceptable for me, maybe his ego stepped on my ego which I totally admit).
but from this Gox mess, I feel more confident about not just bottoming yet, nevertheless the TA could show a bottom forming but Mtgox BS could effect that, we will see in which way.
this is only my opinion (no financial advise).
Sorry but you don't get indicators this clear every day
is that Gox ? get out of here
669.
Post 5330980 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
Good morning guys, what is up ? did I miss anything, I dont want to go through the last 20 pages so can anyone summarize what is happening ?
670.
Post 5331064 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
ok just to sum up with what I said yesterday but some members trashed me really hared :
Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this?
something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop.
only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit..
671.
Post 5331142 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
555 defended for now.
with 28 BTC yes.... lets see how these 28 bitcoins will hold when the whole europe finds out...
672.
Post 5335773 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved. I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.
That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.
NB Above theory could be total bollocks
or a smart trader who will sell now and buy much cheaper....
673.
Post 5336555 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved. I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.
That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.
NB Above theory could be total bollocks
or a smart trader who will sell now and buy much cheaper....
I appreciate the larger assumed strategy but I've been watching these wall games for about a year now and they are usually repositioned to maximise their effect and impact, indeed you usually begin to divine a purpose to the moves. But this gut looks like he parked an order and has gone off to do other things.
yes why not ? I would do the same... it takes patience to make profit, watching the 15 minute chart will never make you any profit, you will be just paying allot of fees and losing your nerves, I found a couple of trades a month to be the most profitable trades ever.
I can smell a crash to 400, you dont have to be bullish short term, you have to adjust your position with market moves, but to be honest I am so bullish long term...
674.
Post 5336649 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.
there was even harder times but Bitcoin survived, what is happening now is effecting the price, it may drop really low, some people will lose confidence and cash out and be done with bitcoin, these never believed in Bitcoin anyways, I saw people moving with their lives all the time, everyone has a price...
but what is happening now is just the last clearing before Bitcoin goes mainstream, some people have to be pushed out, it will negatively effect the economy for a short term period but we need this to happen for the long term health of Bitcoin.
so now you are testing your faith, even you stay or you go out, I can give you an advice, if you want to breath easily and if all of this is stressing you, try to sell some of your coins cash them out do something you wanted to do for so long, go to vacation.... and you will feel much better, I really found that helpful...
675.
Post 5338062 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
looking to the MACD (4h chart) for the 3rd time today, the dump that happened before just strengthen the down trend, a fast recovery or shoot up is almost far away (the chart is saying that and not me) add to that the gox BS happening, and every day this will continue the gap will get bigger and the price will go lower.
my speculation out of this is that we will see a new since the $1163 top, it wont be strange ( in fact it is really possible) if we see a flash crash till 300, we will fast recover to 400 and stay between 400-450 for weeks... the next MACD cross over signal will take few days, and that cross is the one that will bring us back to 400-450 ?!!
Bulls, no need to attack me here, this is just my prediction and it is not a trading advice.
676.
Post 5338340 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.17h):
looking to the MACD (4h chart) for the 3rd time today, the dump that happened before just strengthen the down trend, a fast recovery or shoot up is almost far away (the chart is saying that and not me) add to that the gox BS happening, and every day this will continue the gap will get bigger and the price will go lower.
my speculation out of this is that we will see a new since the $1163 top, it wont be strange ( in fact it is really possible) if we see a flash crash till 300, we will fast recover to 400 and stay between 400-450 for weeks... the next MACD cross over signal will take few days, and that cross is the one that will bring us back to 400-450 ?!!
Bulls, no need to attack me here, this is just my prediction and it is not a trading advice.
I really want to go back this thread and quote your multiples offenses to Rpietila because he was saying something very similar to this you are saying right now. Cheers Bro!!!
I will copy them for you if you want!!? I didn't trash his predictions but I trashed his ego and each time he said you should listen to me because "I am a market mover" and "I am richer" and I smoke fancy expensive cigars... this is what I hated most about him, he had some pretty good calls, also some bad calls but I am a guy with no tolerance to that kind of behavior, instead of bragging about your wealth go help some people in need....
it is also possible that his ego stepped on my ego, nothing to be ashamed of, I have a really strong ego and for a moment I am aggressive when people step on it but then I sit down and I realize and I know that I did wrong, and I always come back and apologize for my mistakes, I am not ashamed to apologize, although I am ashamed that I cant control my ego sometimes, and I am working on it...
I have no hard feelings for risto anymore, he is the kind that I don't understand but hey, I don't know him personally anyways, nevertheless his technical opinion is valuable to me.
677.
Post 5341463 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.18h):
another 457
BTC dump...
Edit: I like it how a 500 BTC got add right away
these traders will get burned so hard when they realize they could buy cheaper
678.
Post 5341793 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.18h):
Probably true. But I'd be careful making too much of that whale dump. Go back to July 10 (or so) in 2013. Marked the end of the post-April bear market. Buying pressure slowly, but clearly started building up after the bottom, 2h, then 6h BB started looking really nice, then: HUGE dump.
Took price development back for about a week, but didn't alter the general direction.
What I'm trying to say is: not sure yet if this is the reversal or not, but whales can occasionally be dumbfucks as well, and can lose money. Whoever dumped that huge load back in July 18 never got his coins back for the same price (unless he was on gox in the past days, but that doesn't quite cut it.)
Market was already correcting before whale turned up with his 10K of auctioned/stolen/Gox'd BTC.
I started shorting on Bitfinex again (being sure not to set any stop losses for the fkers to farm) as I seen that the charts were badly oversold and couldn't resist. This was at about $633 and I got in at about $623. 10K whale never turned up until $595.18.
So taking his market input out of the equation, charts were already well on their way to forming yet another bear wedge with support at $530, similar to the $765 bear support wedge through Jan 2014. With the whales sell off, this bearish wedge has broke to the downside, at least on Stamp. This alone wouldn't count for anything other than an anomaly, except like I said, the whale tricked bots into blowing $3 million USD at his $797 sell wall, in addition to soaking up the same again in market liquidity at lower prices.
I am always prepared to keep my mind open to possibilities that veer beyond my own take on the market, as this is real money that I am playing with here. However, for me, $530 was not a bottom. It was the support of a bear wedge and this whale dump has simply brought a jack-boot down upon the still bearish market.
Disagree with your assessment on yesterday. I'm keeping my eyes open for signs that the reversal happens, simply because my short term buys would become "real" holds again in that case.
Yesterday was such a day. Strong signals on 6h BB, CMF sharply up. Low on volume, because weekend, so no certainty yet, sure. Earlier today came the retracement. Of course we were short term overbought, that's what happens in either case, when a trend reverses, or when it's a false breakout. That "retracement" however was fucked up brutally by our friend, the whale.
So back to square one, imo. Looking bearish again, I agree with you, but to really count as a continuation of a bear market we would damn well need to see sub-500 coins at some point, I'm sure you agree. And getting there is sure taking some time.
The longer we bounce between 530 and 580, the less more I'll warm up to the idea that sub-500 coins won't happen anymore. Except maybe for a flash crash if gox outright declares that they're bankrupt and the the sheep hit the sell button without thinking twice.
I do base my trades on 4h chart short term and 3d for mid/long term calls, A reversal was about to form up at 620-640 but looking at the 4h chart it seemed like a bull trap, the price could start raising and we could be done with the down trend if everything went normal, but Gox complicated things here...
I was so sure about 600's resisting, but then gox fucked up and fucked all the charts, it was then when I sat down and reconsidered all my positions, to be honest even with holding bitcoin, I really wish that 350-450 to happen, because most of people are waiting for it, it is a psychical thing, if it happens once we can move on, until then the image is really blurry and the only thing I can think out of this, is downtrend...
679.
Post 5341966 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.18h):
700 BTC dump, I have a feeling that this will keep going....
the MACD 12 period AMA and 26 period AMA is really becoming huge, they are both negative now, so I really dont see any reversal here, anyone ?
680.
Post 5342368 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.18h):
Weird that stamp is behind btc-e
Wierd that people trade BTC/USD at btc-e!!! how easy you get your money in and out? and how do anyone trust them anyway ?
681.
Post 5345157 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.18h):
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :
nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....
682.
Post 5354312 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
I'm not sure we'll go much down from here.
+1, I'm not selling for 450, fuck this shit. Gox's dead was priced in good part anyway.
I just bought a bunch more at 450 that wasn't in my buy orders. it felt like a local bottom.
The question is to sell or not to sell if it rises to some 550-600 or so.
And then there's Europe waking up now..
My orders all fulfilled, I knew that I had to raise the price just bit or I would miss the buying, I did have an advanced order where it would sell at 550 automatically, but I woke up and cancel it right away, Mtgox halting trading is something I take as positive
Sorry, I forgot to say good morning Bitcointalk
683.
Post 5354584 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
I'm not sure we'll go much down from here.
+1, I'm not selling for 450, fuck this shit. Gox's dead was priced in good part anyway.
I just bought a bunch more at 450 that wasn't in my buy orders. it felt like a local bottom.
The question is to sell or not to sell if it rises to some 550-600 or so.
And then there's Europe waking up now..
My orders all fulfilled, I knew that I had to raise the price just bit or I would miss the buying, I did have an advanced order where it would sell at 550 automatically, but I woke up and cancel it right away, Mtgox halting trading is something I take as positive
Sorry, I forgot to say good morning Bitcointalk
Confirmed!
got out of bed to place more orders
I still have 55 BTC orders down to 420$. Bought lot today, some 65k$. Hopefully, it won't go below 400$, I'd be fine if that level is not breached, or at least not for long.
But it looks we're back to 450-460 on Stamp, mini rally didn't last long.
it will break the 400, but I am playing it safe here, I didnt want to try my luck...
684.
Post 5354591 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
In these times of struggle, I can only
Ooohh, upon waking up, it seems that I also gained the posting rights to this forum. Just in time to
celebrate my new castle.
Welcome back
685.
Post 5354629 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
I wish if I had more FIAT in stamp now.... I would be really happy, I waited for this day for 3 weeks now and I used all the $45K I had there
686.
Post 5354659 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
who ever have FIAT in Stamp, this day happens once or twice a year, make sure you smartly take advantage of this
687.
Post 5354763 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
20K BTC to 200, if the market order selling pressure continue this way it is going to get ugly...
688.
Post 5354835 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
BTW Mtgox website is down, nothing loads... only a blank page...
689.
Post 5354869 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
We are going to the 300s
dont count too much on that, it is possible but try to play safe otherwise you will be waiting alone there...
690.
Post 5354971 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
BTW Mtgox website is down, nothing loads... only a blank page...
You dont say.....
dude, he just woke up
And? It takes all of 10 seconds to skim a few titles in the speculation section.
And if he just woke up, is he dumb enough to think hes actually the first person to notice Gox is down? And that the panic on bitstamp is just a coincidence? No, hes not.
So its annoying that people post that crap. Think.
why is your butt hurting, I don't visit the junk threads on the speculation forum, this and Risto threads are the only threads I visit on this sub-forum since few months, and this is by clicking "show new replies to your posts".....
even if I am an ignorant asshole, isn't wise to help me out ? or you forgot that you were once a noob and we given you guidance by writing wikis and helping unswerving the dumb questions...
691.
Post 5355032 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
BTW Mtgox website is down, nothing loads... only a blank page...
You dont say.....
dude, he just woke up
And? It takes all of 10 seconds to skim a few titles in the speculation section.
And if he just woke up, is he dumb enough to think hes actually the first person to notice Gox is down? And that the panic on bitstamp is just a coincidence? No, hes not.
So its annoying that people post that crap. Think.
why is your butt hurting, I don't visit the junk threads on the speculation forum, this and Risto threads are the only threads I visit on this sub-forum since few months, and this is by clicking "show new replies to your posts".....
even if I am an ignorant asshole, isn't wise to help me out ? or you forgot that you were once a noob and we given you guidance by writing wikis and helping unswerving the dumb questions...
I dont mind answering questions when they arent because someone is so ridiculously lazy they cant even google search before asking a forum what happened.
I dont usually put people on ignore but when I do it I make sure they deserve to be ignored
692.
Post 5355461 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
ok ... that's it ... ccmf!
all in, enjoy
I still dont understand what will happen with all the goxing going around, but once that is clear the CCMF will start so hard.... for now the selling pressure is gone...
693.
Post 5356058 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
I wish if I had more FIAT in stamp now.... I would be really happy, I waited for this day for 3 weeks now and I used all the $45K I had there
Mine was invested during the last hours at midprice $448. So the 2-month long quest is over. Gained about
BTC400, though my loss of
BTC250 in Mt.Gox should be debited from this amount.
Bitcoin, you may now rise!
I will go to my castle and occasionally post if there is something important.
my total average is $455 now, I was thinking about investing more money, but I was having second thoughts as I sent yesterday a letter to quit my job and start working on various bitcoin projects professionally, so I had to make sure to keep some FIAT reserve in my Bank account for "you never know" case....
But I am pleased in general, I am sorry for the past misunderstanding and congrats for your castle, enjoy.... hope to be hearing from you more often...
694.
Post 5357287 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
OK end up the FUD about gox
https://twitter.com/jgarzik/status/438138218614390784Jeff Garzik
@jgarzik
OK, here is my zero-evidence speculation: @MtGox got bought by someone willing to clean up the mess.
I thought I should set some things straight. Please don't take this as official from Mt.Gox in anyway, but I have a duty to come clean and calm some of the rampant FUD and rumours.
That "Crisis Management" document did not come from Mt.Gox internally, and there are a lot of attempts to discredit Gox.
I don't want to irritate Mark or our benefactors, so I can't say much, but I can say that have a little faith. Mt.Gox is not "down". The landing page is blank, correct.
Also, Gox.com should be active, and I know Mark and the rest of the management is extremely grateful for many benefactors who are currently in the process of arranging to make Gox as robust and top-notch as it can possibly be.
Do not worry, and please keep the tin-foil hats away.. I know it's hard and I need to repeat this is my personal statement, not an official release, but I will say this - good news is coming. Have faith.
Hm..
https://twitter.com/jgarzik/status/438138218614390784 -ne0futur
(the inevitable - "This account is new!" will start, and that's fine. so what? I make it a habit of avoiding reddit, but in this situation I think an exception was due)
695.
Post 5357612 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
bitstamp :
https://www.bitstamp.net/article/Statement-by-Bitstamp-regarding-MtGox-insolv/STATEMENT BY BITSTAMP REGARDING MT GOX INSOLVENCY
BITCOIN IS STILL WORKING AND STILL HAS A BRIGHT FUTURE
The worldwide peer-to-peer payment system and crypto-currency known as Bitcoin is not dependant on any one actor. The Bitcoin protocol continues to work exactly as designed. Bitcoin remains strong despite the failure of any one exchange and will continue to grow and thrive as long people desire that it do so.
LOSSES LIMITED TO BALANCES AT MTGOX
It is important to underscore that the known losses of fiat currency and Bitcoin are limited to those balances that were in MtGox’s care. The MtGox exchange can best explain how this happened.
BITSTAMP CUSTOMERS ARE SAFE AND OUR BUSINESS IS SOLVENT
We at Bitstamp have conducted a thorough audit of our bitcoin accounts, as well as the fiat currency reserves we maintain in the bank. Bitstamp maintains all of its customers’ bitcoin and cash deposits and nothing is amiss.
BITSTAMP IS NOT SUBJECT TO THE TRANSACTION MALLEABILITY VULNERABILITY
Bitstamp uses a different protocol to handle problems in closing out its transactions and is not vulnerable to the “transactional malleability” issue that was apparently exploited at Mt. Gox. Additionally, we manually double-check every transactional problem encountered by our customers.
BITSTAMP’S FUTURE
We are taking steps to provide Bitstamp’s customers with the utmost confidence in our operations:
1. Bitstamp is financially stronger than ever. We have the most customers, and the most solid capital base, than we have ever had.
2. Bitstamp has retained the best available security and compliance advisors to assist us in protecting our clients.
3. Bitstamp prides itself on industry-leading compliance with its AML and KYC procedures.
4. Bitstamp is now performing quarterly financial audits and will post our financial reports on our web site.
Press inquiries please contact:
press@bitstamp.net
696.
Post 5358903 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
I think that 400 was your bottom, and in the next couple of days we will start a rally up
697.
Post 5358996 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
Why are we going up in the first place? Almost at the same level as before gox shutdown and that is without any good news. Should probably short this but I'm too pussy to sell in this sharp uptrend
the chart say we most go up, and gox shutting down is a good news to me
698.
Post 5359376 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.
The market is far from rational right now. I doubt this will be our last time going past $500 again. The fact that this recovery is occurring at super speed is shocking.
We'll be sub $400 within days. We'll be testing $300 before we start meaningful sustained upwards movement again.
I would spread the risk in your place, consider both case scenarios just to be safe.... but lets see how will that work out.
699.
Post 5360053 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
Guys
Take the opportunity to pull at least some of the BTC you bought today off the exchanges and into cold storage.
Now.
The exchanges can have my fiat but I'm taking my coins out.
Cold storage was originally my plan but the sale at $520 for a 30% profit at a sudden and obviously overbought level, assisted with some speculation about a comment line on a source code on mtgox, was too good to pass up. Once I rebuy on the next MACD cross THEN I will go cold storage.
the next MACD cross of 4h will bring the price up and not down, if you trade on the 15m or 1h chart then you have to be really crazy, although I am wondering if you are making any profit by trading on the 15m or 1h chart after paying all fees and if it is really worth it ?
700.
Post 5360289 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
Here's a bullish thought:
Total and sudden Gox insolvency (fraudulent or not, doesn't matter for now) is the best way this situation could have resolved.
740k coins, *extremely cheap* coins compared to the other exchanges, won't hit the market once Gox re-opens as traders arbitrage the shit out of 500+ prices on Bitstamp.
Sure, those coins will hit the market at some point, when Mark wants to buy that cozy Carribean private island, but they have to be laundered first of course.
For now, it's a big relief that the flood gates of cheap goxbux cannot be opened anymore.
My theory:
from working in IT field for many years now, I have a feeling that gox had only a Data Base with entries of existing coins and never had real coins, let me explain, they lost the coins/funds long time ago and they had only a data of who owns what and they kept the exchange running for the whole year thinking about a way to solve that.... we should know that when they stopped/limited their FIAT withdrawals.
I dont know what to believe anymore, but I don't think it was a bank issue even with the seizure of the 5 millions in their US account, they made 10 times number from trading fees only but they couldn't pay customers anyway, a real and easy solution would be to close their bank account an open with another bank, and they could discuss terms with the new bank companies do that all the time and I am sure many banks would like a peace of that pie...
Gox was the pure definition of a Ponzi scheme, they pay old customers with new customers fund and this is how they run this exchange for so long, this is my theory...
701.
Post 5360558 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
on theblock.info chain statement comment section (of course the comment it is fake)
http://blog.blockchain.info/2014/02/25/blockchains-reaction/
702.
Post 5361515 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
From a sane point of view, a million customer company just doesn't VANISH out of thin air and hopes it gets away with it. No speculative intentions here but I 'm willing to wait some more and won't panic at the moment.
Cheers.
you missed the opportunity part anyway, any kind of panic now is just plaint stupid...
703.
Post 5361577 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
Why would somebody actually buy Gox right now ? It is a bad investment. Their brand is worth $-1 right now.
I would buy it, and re-code most of the site, it is a free boost, gox is known and when people know that owners changes they will give you a chance, in other wise I wont be buying the site but I would be buying customers...
now if we only knew if they really lost the coins...
704.
Post 5361676 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
I saw that amount of days destroyed 2 weeks ago, and I didnt know what to think about !!! but this is huge, could it be the Gox lost fund ? of course if they really lost the funds...
705.
Post 5361711 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
<+ne0futur> seriously i fear the 750k could be true
says Mark's 10 yr old friend and Op on irc
I assume that will be MtGox defense in court..
that is a fake account of neofutur, note that user have 0 instead of O, and the account was created few hours ago only, this is the real account
http://www.reddit.com/user/neofutur
706.
Post 5361765 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
No thats off IRC no reddit
mmmm I would say it is fake but I dont know which account he owns as I never paid attention, but if it is the same guy from reddit then it is fake...
Edit: which IRC node BTW ? Gox node is not working for me... is it working for anyone? I tried to join few times but I couldn't.
707.
Post 5363268 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.19h):
so what's a bad news for Charlie Shrem ? WWIII ?
BTW I am still not buying the whole Gox situation, it is hard to lose 10K bitcoin and even harder to lose 50K Bitcoin without noticing but losing all the just cant be sold to the public, something really big is happening, and I would say for long time now, this didn't happen in just few weeks.
I am really waiting to see the real story behind all of this.
708.
Post 5367692 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
hahahahah ok they are the official page of gox hahahaha
anyone can check the dogecoin price ? lets see if there will be a pump hahahah
709.
Post 5379766 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
Good morning, As I said yesterday, from looking to the 4h chart there is now a crossover which indicate to a rally up in the next few days, the market will be bullish, I still cant figure out the top of this race but the good news is that the 2nd bottom is finally forming which means that we are leaving the bubble behind us and we will start a new cycle...
all we need is a positive MACD and few bullish days and we are over with the bubble thing....
710.
Post 5384593 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
It is going down - 500 to be tested soon.
Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.
what is currently the long term trend??
around $680 right?
I think it is
530 520...
711.
Post 5386684 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
in other Bitcoin related matter, Blockchain.info is being DDOS-ed and in there were 9 found blocks in only 20 minutes, how odd is that ?
712.
Post 5386903 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
in other Bitcoin related matter, Blockchain.info is being DDOS-ed and in there were 9 found blocks in only 20 minutes, how odd is that ?
9 found blocks in only 20 minutes from different pool: nothing to see here, it just means it will be more and more difficult to mine bitcoin
I didn't mean "hey there is a problem..." read my question: how odd is that ? possible answer : 1- huh, what a luck ! 2- wow that difficulty is going to sky rocket 3- well it happened many times...
713.
Post 5390056 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
714.
Post 5390243 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
in the german forum they say it is a scam, do not open attachment.
Habs gezogen. Der DL-Link liefert ein .rar-Archiv aus, entpackt man dies, ist dort (ein) Standard-Windows-
Malware(-Dropper) drin.
Die entpackte Malware-Datei ist im .scr-Format, also diesem binären Windows Bildschirmschonerformat zur Verschleierung ihrer Ausführbarkeit. Naja, auch schon 100 Jahre alt der Trick.
Die Malware ist nicht mal richtig gecrypted und wird sogar von Anti-Virus-Software erkannt. Siehe, folgende Analyse zum Download:
https://www.virustotal.com/de/file/da830f7ac2455295e0c8aa11f3a3092989c3e4b887f0fcffd510fc783771ab13/analysis/Standard, lamer Kram.
I knew it, am I the only one who got this ? how many of you out there who got the same e-mail ?
715.
Post 5391617 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
Gosh, like we need that now, after all this shit....
716.
Post 5392916 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
BTW side note: Bitstamp doesn't rely on 3 confirmations anymore, I tried 4 times and I never got credited on the 3rd confirmation, I always get credited at the 6th...
717.
Post 5393372 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
I am reviewing my thoughts, there are 2 voices in my head now, the first is telling me that there will be small drops but we will go up but the second and strongest one is telling me it is not over and that we will drop further and we will drop even less than 400.
I am trying to convince my self and gather my thoughts but the gox situation is not letting it go, I cant let it go and I am starting to think that we will sink even further... any thoughts ?
718.
Post 5394218 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
719.
Post 5394552 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
some of the best thinking yet
I can say 90% that this is what happened, he lost the private key, but he thinks that he can recover it, he reached for help, he told the Big guys about the problem, they were shocked and didn't want to help him and went out in 24 hour to tell us that Mtgox is insolvent instead of helping him recover customer funds, it was interesting how they just made a statement in 24 hours without any explanation to just tell everyone forgot your funds...
Edit: now if this is true, I really really hope that he will be able to recover the key and refund costumers, we really do not need that bad advertisement especially now...
720.
Post 5394719 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
some of the best thinking yet
I can say 90% that this is what happened...
Agree 100%...
You agree completely that someone else is highly confident in a 3rd person's speculation?
any other suggestion from you that make more sense than this, it is the speculation sub-forum so share your thoughts with us...
721.
Post 5395214 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.20h):
It's not hard to imagine the most likely scenario. At some point, Mark lost some coins. They were either stolen or lost through bad coding/accounting. He told nobody about it and thought he could either get them back or make up for the missing coins in some other way. Some attempts to recover or replace them we're partially successful and other attempts made the problem even worse. As the situation got more desperate, Mark resorted to greater and greater violations of ethical behavior until he could no longer even operate as a fractional reserve due to cash flow completely drying up.
It is very likely that the vast majority of depositors funds are gone forever, and not just the crypto. The willybot could have very plausibly been Mark buying goxBTC at ABOVE market rates just to keep the exchange operating and BTC withdrawals functioning until a miracle occurred and the lost coins were recovered, or until a new source of revenue could be found to sustain operations and keep the charade going. Mark's failure to own up to his mistakes turned a substantial but survivable problem into a colossal life-destroying disaster for him and many of his customers. Despite this, he is STILL not owning up even though nobody but the most deluded wishful thinkers believe their is any hope of recovery. At first he didn't ask for help out of pride or embarrassment, but now he must subconsciously know that there is no way out. Denial is all he has left. In this context, his behavior makes sense. It is the only context in which his behavior makes sense.
There is no coming back for Gox. The damage is catastrophic. The point of no return happened months ago if not years.
we don't wish for gox to come back, we wish for funds to be recovered, it is a really bad advertisement for Bitcoin at this point, all the progress will be crushed with this, regulators will want to hit hard anyways... and some people lost life changing amount of funds.
No, I didn't lose any funds in gox BS, but I feel for those who did and I wish for this to be fixed.
722.
Post 5404634 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.21h):
Here is why the gox situation is so fucked up and it has to be fixed and not forgotten, I really don't give a shit about gox and I don't want them to come back but users should be refunded.
source:
http://www.reddit.com/r/Bitcoin/comments/1z2wj5/mtgox_heres_what_i_lost_what_did_you_loose/[mtgox] Here's what I lost... What did you loose? (self.Bitcoin)
submitted 4 minutes ago by callmark81345501529
2009 Lost my wife, dog, business, and truck (no particular order). Yeah it's a sad country song too...
I worked my ass off and saved everything that I didn't eat, only made necessary purchases, and that was used cheap items when absolutely needed, cheap cheap cheap...
Saw bitcoins in 2010/11 followed and I didn't get in because WIRED magazine online had a bad article about it.
Then, in 2013 I put half of my money into Bitcoins, via Gox.
Mark Karpeles, you owe a LOT more than these nibbles of carrots of useless noise & remarks which you've put in front of us like a bowl of vomit for dinner.
Mark Karpeles, you are feeding us information the way the NAZIS fed the prisoners in camps. If you fed us information the way you feed yourself, perhaps we could have some kind of settled feeling of what the fuck has happened to our hard earned money.
Mark Karpeles, where is my money?
Mark Karpeles, where are my bitcoins?
Mark Karpeles, what the fuck?
Sincerely,
One of your 1 million customers.
and dont give me "you should invest only what you can afford to lose" and " he is stupid because he left money there" , if you want bitcoin to go mainstream and be a success and if you are a truly believer of Bitcoin and not only a speculator, you should never tell that to anyone, otherwise by accepting the Mtgox closure just like that we are telling the world that Bitcoin is a Ponzi...
723.
Post 5407135 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.21h):
if we break 610$ today i would say we have a new uptrend
dont look back at emptygox.
It almost seems as if someone at Bitstamp is attempting to FORCE that to happen so that people will think this.
I also think that is a dead cat bounce, I am still trying to convince my self that this is the bottom, but nope, I don't think so....
724.
Post 5423221 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Good morning guys, I didn't get to browse for the news yet, but I am watching a tweet from someone I am following on twitter about Mtgox announcement !!! I don't want to lose 1 hour searching for some information in which I know someone of you here did already mention 20 pages ago...
any take on this, anyone can tell me more or give me a link ?
725.
Post 5423337 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
No more dumping ?
But can you see price picking up on this.
It maybe be a slow grind down, especially with weekend coming..
Yes. This is bullish. less coins means more $/BTC. Less uncertainty. Good new means buy the rumor sell the news. Bad news means sell the rumor buy the news.
I can tell you that no matter how much this seems to be bullish the price is going to go down further, and I can speculate on going lower than 400.
The Mtgox situation is more complicated than we all think and this will impact the price negatively for weeks if not months, nevertheless this is bullish long term for 2 reasons, the first is the death of Mtgox and the second is the media exposure.
but the bullish move will take at least few months to start pop-up, only my opinion. lets see what will happen.
726.
Post 5423482 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Am i really the only one who is concerned that Bitcoin hasn't responded to ANY good news in MONTHS?
People dump every single time there is some bad news. Often it isn't even bad news but more like "i'm gonna panic sell in case it us bad news". We go lower and lower. Now we're at 570. There will be good news. Nobody will give a shit. They're all waiting for the next bad news so we can go lower again.
We would need to most amazing super positive news ever to stop this and i don't see this coming.
So give me one reason why we could go up again. I can't find any. I really can't.
Edit: how much longer will we be going down because of Gox. They are gone. Will it take us down for months to come? Can't people just get over it?
it is really simple, bitcoin went from 80 to 1240 in one month and a half, this also doesn't seem healthy, people seem to think about "take some profit while they can", the down trend will continue till we discover the next adoption wave and we will see what the market will decide a fair price is.
727.
Post 5423723 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Am i really the only one who is concerned that Bitcoin hasn't responded to ANY good news in MONTHS?
People dump every single time there is some bad news. Often it isn't even bad news but more like "i'm gonna panic sell in case it us bad news". We go lower and lower. Now we're at 570. There will be good news. Nobody will give a shit. They're all waiting for the next bad news so we can go lower again.
We would need to most amazing super positive news ever to stop this and i don't see this coming.
So give me one reason why we could go up again. I can't find any. I really can't.
Edit: how much longer will we be going down because of Gox. They are gone. Will it take us down for months to come? Can't people just get over it?
it is really simple, bitcoin went from 80 to 1240 in one month and a half, this also doesn't seem healthy, people seem to think about "take some profit while they can", the down trend will continue till we discover the next adoption wave and we will see what the market will decide a fair price is.
Dude, we went from $400 to ~$566 now %41 up. This is officially a bull market. I'm not saying we can't go down from here, but there is twice as much fiat defending the bottom now as there was when we hit it the first time. Check the order books.
there is a 50K BTC bids to 200 and there is a 12 million Bitcoin in existence, many people will think about taking some profits while they can and that 50K BTC order book wont handle the dumps, think about it, it is really simple.
I was collecting and cashing out some of my profits as well, and many others are doing the same
if you want me to prove it with TA I will do it without a problem, but most of you here hates the technical analyzes and base their calls on only hopes...
728.
Post 5423740 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Am i really the only one who is concerned that Bitcoin hasn't responded to ANY good news in MONTHS?
People dump every single time there is some bad news. Often it isn't even bad news but more like "i'm gonna panic sell in case it us bad news". We go lower and lower. Now we're at 570. There will be good news. Nobody will give a shit. They're all waiting for the next bad news so we can go lower again.
We would need to most amazing super positive news ever to stop this and i don't see this coming.
So give me one reason why we could go up again. I can't find any. I really can't.
Edit: how much longer will we be going down because of Gox. They are gone. Will it take us down for months to come? Can't people just get over it?
it is really simple, bitcoin went from 80 to 1240 in one month and a half, this also doesn't seem healthy, people seem to think about "take some profit while they can", the down trend will continue till we discover the next adoption wave and we will see what the market will decide a fair price is.
Dude, we went from $400 to ~$566 now %41 up. This is officially a bull market. I'm not saying we can't go down from here, but there is twice as much fiat defending the bottom now as there was when we hit it the first time. Check the order books.
Don't be angry; he wants CHEAP COINZ!!!!
and I will get them
729.
Post 5423900 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Reuters:
http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-bankruptcy-idUSBREA1R0FX20140228(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection on Friday, saying it may have lost all of its investors' virtual coins due to hacking into its faulty computer system.
Chief executive Mark Karpeles, bowing in contrition and wearing a suit instead of his customary T-shirt, apologized in Japanese at a news conference for the company's collapse, blaming "a weakness in our system."
Angry investors have been seeking answers for what happened to their holdings of cash and bitcoins, an unregulated crypto-currency, on the Tokyo-based exchange. The collapse of the company has shaken the virtual currency world.
Mt. Gox deleted its website on Tuesday after freezing withdrawals earlier this month in the wake of a series of technical difficulties.
The exchange had liquid liabilities of 6.5 billion yen ($63.67 million), dwarfing its total assets of 3.84 billion yen, the company said. It had 127,000 creditors in bankruptcy, just over 1,000 of whom are Japanese.
The company and Karpeles have said little in the days before the filing, which is similar to Chapter 11 bankruptcy in the United States, except that they were working with others to resolve their problems.
Karpeles told the news conference that Mt. Gox wanted to file a criminal complaint against what he said was a hacking attack, but had no specific means of doing so.
(Reporting by Yoshifumi Takemoto; Writing by William Mallard; Editing by Ian Geoghegan)
730.
Post 5423926 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I just woke up. What happened? Why are we at 560?
we are going to test the resistance at 550.
how about 350 or less? does this seems convenient to you ? my prediction is in the next few months the price will drop to as low as $300
731.
Post 5424070 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
OK the hate will always go toward people whom their prediction is Bitcoin's price dropping, but YAY if I say CCMF for no reason, I wont share my predictions about the price waves, I will keep them for my self, but you can quote me on the price going to 300... if not, I will be cashing my profits out and I will stick to my actual Bitcoin portfolio
732.
Post 5424146 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I'd say whoever wants to buy; do it now for there will be no other opportunity for you... and I'm very serious right now.
you and I were serious at 800, you and I were serious at 700 but I stopped there and started thinking more seriously, you kept being serious at 600,500,400, and you still didn't learn anything, but to be honest, best thing you can do if you are lost now is to Hold.
733.
Post 5424240 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I'd say whoever wants to buy; do it now for there will be no other opportunity for you... and I'm very serious right now.
you and I were serious at 800, you and I were serious at 700 but I stopped there and started thinking more seriously, you kept being serious at 600,500,400, and you still didn't learn anything, but to be honest, best thing you can do if you are lost now is to Hold.
I can interpret what he/she said! Its a good time to buy because we are going to da moon!!
send me pictures from there
734.
Post 5424284 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
"I'm sorry"
He even did the fucking Japanese "I'm so sorry, please accept my sincere offer of gutting myself with a rusty sword" bow o_O
Anyone found a video of the press conference? My search didn't turn up anything.
if you understand Japanese or if you would like to hear how they pronounce Bitcoin in Japaneses and laugh you ass here you go
http://headlines.yahoo.co.jp/videonews/fnn?a=20140228-00000938-fnn-bus_all
735.
Post 5424337 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I have constantly been talking about how cons I'm about trading btc. My opinion is simple:
YOU SHOULDN'T. I have also posted here my 5 rules of success for newbies:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.
Good Luck!I have also posted an article (
https://bitcointalk.org/index.php?topic=372346.0) about why you SHOULDN'T trade btcs and the most viable way to get out with more money/btc would be to hold.
Well; I bet you knew the risks.
please stop spamming the thread with stop trading and hold and stop trashing people trying to make a constructive debate here.
736.
Post 5424444 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
@mmitech
If I remember correctly, you were one of these guys who was saying "to da moon". What happened now that you turned? Missed the bottom? Sold @400?
I was shouting out to the moon till 700, all my calculations and predictions suggested that we wont drop below that but once we did, I sat down and went back read all what I wrote and what others did, look for few days to charts and other things... and I came to the conclusion that I was so wrong.
I told people here that we were going to test 400 in a couple of days and they trashed me so hard but we did and I made profits of that, and they are doing the same now, but never mind I will be doing just fine the next couple of months
737.
Post 5424455 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
yes then you are at the wrong thread, this is called "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion", we come here to study and speculate about the price movements and trading opportunities.
please stop spamming the thread with stop trading and hold and stop trashing people trying to make a constructive debate here. Wow, you almost make this forum sound like a place for serious discussion !
it was once...
738.
Post 5425083 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I'm afraid we have one more leg down, not mainly because of Gox bankruptcy news but overall, it didn't look last 2 days we're ready for new rally. Gox news could help a bit.
But since even I am finding myself thinking where it will stop than reversal probably isn't too far.
My thoughts as well. The "recovery" already seemed to get stuck yesterday night, and with further price development of today, it's starting to look like we're leaning towards downward breakout.
looking to 4h charts the bear market just started : there is a periods crossover
looking to 6h charts the bear market will be starting (continueing from the 4h chart cycle) : there periods will crossover
looking to 12h charts the bear market will be starting (continueing from the 6h chart cycle ) : there periods will crossover
looking to 3d charts the bear market didn't even end and the down trend continue, and after few days from that 400 crash the bottom didn't even form and the indicators didn't even get close to crossing (continueing from the 6h chart cycle ) : 
739.
Post 5425383 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I'm afraid we have one more leg down, not mainly because of Gox bankruptcy news but overall, it didn't look last 2 days we're ready for new rally. Gox news could help a bit.
But since even I am finding myself thinking where it will stop than reversal probably isn't too far.
My thoughts as well. The "recovery" already seemed to get stuck yesterday night, and with further price development of today, it's starting to look like we're leaning towards downward breakout.
[....]
Well, here's my comment on it: Your analysis makes sense, but except for the last one it's all based on momentum trading, which usually works, until it doesn't anymore... especially now that there is probably quite a few in here who think we're maybe still not rallying, but that the bottom is in... which can translate into "let's start buying in again, since we're near the bottom anyway" rather quickly. That said, I also see more evidence that we're going back into the lower half of the 500s again, since breaking 600 doesn't seem to be an option either right now, and the momentum is still downwards on any recent time scale bigger than 3 days.
I was in both past bubbles and I can confirm one thing, when the bubble ends the price wont shoot up in a couple of weeks, it will take a couple of months of some visual stability, then we can shoot up just because everyone is trying to discover the "real" price of a bitcoin.
I will make sure to wait and look for that sweet spot and buy back, if I am wrong and if anything happen in between and I get surprise (bitcoin is unpredictable) then I will just cash out my profits and hold to my current BTC portfolio.
740.
Post 5425432 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
your forgot the 1d MACD, which is turning green.
yes I didnt forget it, I ignored it because the 4h,6h,12h are all going/already crossed/crossing and turning red which means that the 1d will turn down right away... now they are just touching and they are not crossing...
741.
Post 5425510 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
your forgot the 1d MACD, which is turning green.
4 Hr MACD has just crossed.
The king of all trader Sell Signals.
This sucker is going down hard....whether it breaches $400, I seriously doubt it but with Bitcoin anything is possible.
I dont think it would, there is no panic in the air, no uncertainty. Just a casual dump because " we supposed to dump"
I don't expect panic at all, we will be going down slowly and in waves, so there is always a chance for making profit in between, but because I dont have nerves and balls to trade daily, I wait for good and clear opportunities and trade 2 or 3 times maximum a month, and believe me it is better than watching the 15 min chart and going crazy... and of course it is also safer.
742.
Post 5425802 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
IMHO the only panic that will happen, is that most of people who doesn't have coins at Bitstamp ( suggesting that they are like me I never keep BTC on exchanges) will start sending coins to exchanges, but Bitstamp require 6 confirmations now, so any drop wont occur instantly, it will take hours to happen. and days of waves till we break the last low.
743.
Post 5425862 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
I doubt that, all current exchanges ( maybe except BTC-e) use strict AML and KYC complience
744.
Post 5425999 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
I doubt that, all current exchanges ( maybe except BTC-e) use strict AML and KYC complience
Same for MtGox
Soo should be very easy to catch them...
Wait...
how much is a passport scan on TOR ? 0.01btc ?
If you can scam 850K i think it's not so difficult to forge a fake confirmed account
I am no legal expert to be honest, a massive dump could happen but cashing that money out wont be easy...
745.
Post 5427788 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
the chief editor of a major german economic newssite "Handelsblatt-online" said publicly that
-bitcoin was
hacked-
forged bitcoins are circulating
-the central bank of bitcoin (mtgox) went bankrupt
http://www.handelsblatt.com/9534814.html I hope that is a google translate fail.. If not wow on the fud factor.
in fact he said it in a video hahahahaha just watch it, you dont have to understand him, just watching him being "smart" is funny...
746.
Post 5427904 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
that was 3 days ago, the previous owner of satoshi-dice who hold a shit load of BTC telling us that he lost 550 BTC but he is moving on and we should do too, yes of course when you have 100K and you lose 550 you just move on, but when you have 10 and you lose them all you cant just move on.
I didn't lose anything but I cant explain how much I am angry and sad for those who did, I feel for them and I am not accepting the fact that this is going to be just forgotten and I don't want to move on till they fix everything up, people lost life changing amounts, I can only imagine how this will effect their lives and bitcoin in general.
By the way fuck him and fuck Roger Ver as well...
747.
Post 5428309 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I didn't lose anything but I cant explain how much I am angry and sad for those who did, I feel for them and I am not accepting the fact that this is going to be just forgotten and I don't want to move on till they fix everything up, people lost life changing amounts, I can only imagine how this will effect their lives and bitcoin in general.
+1
I cant imagine how can people put a price for such things, my freedom and my safety and my family safety has no price, not to mention that my morals doesnt let me do such a thing and only the fact that I wouldn't be able to go to sleep at night knowing that I effected someone's life so bad is more than huge.
I don't know if Mark is a bad person, in fact I dont think so, I think the fact that he covered this up and tried to solve it without telling anyone was brave, but sadly this was the worst decision, he should come clean right away and minimize the damage....
748.
Post 5428357 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
why is this the worst thing ever happend to bitcoin??
some fucking suit claims bitcoin is hacked, i thought we were through that shit
it is not, it is just a bad timing now that we are making progress and going mainstream, this will put us few steps back...
749.
Post 5428563 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I don't know if Mark is a bad person, in fact I dont think so, I think the fact that he covered this up and tried to solve it without telling anyone was brave, but sadly this was the worst decision, he should come clean right away and minimize the damage....
Its wasn't brave, it was an attempt at the easy way out.
a bankruptcy is the easiest way out, trying to pay people back because of your fuck up and cover it and live with that nightmare everyday is not that easy, you have to have some real balls, I for sure cant do it.
but the bottom line here, this is still not right, he made the worst decision ...
750.
Post 5428685 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
751.
Post 5428698 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Still complete denial and delusion......amazing
I don't get your point....
752.
Post 5429020 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
am I reading that right ? only $20K invested in Bitcoin, but it is the first step which is positive.... also I wonder what do they think about this investment today if they bought at an average of 900
753.
Post 5429054 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
am I reading that right ? only $20K invested in Bitcoin, but is the first step which is positive.... also I wonder what do they think about this investment today if they bought at an average of 900
Those figures are in millions...
fortress invested a total of 364 Billion ? ah what are you smoking
754.
Post 5429108 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
yes this is doallars in thousands
so 20 Million invested in Bitcoin, I feel bad for them now hahahaha
755.
Post 5429164 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
fortress invested a total of 364 Billion ? ah what are you smoking
1,000k does not make a billion. what are you smoking?
yes I was wrong, millions they corrected me before, but still 20 million invested in Bitcoin at an average of 900, come one the are total pigs, price is going up buy buy buy.... hahahaah
756.
Post 5429218 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
this will effect the price instantly if they would be buying from exchanges, but most likely they wont, and I still want to know how to purchase 10k bitcoins off exchanges and how they work out the price...
757.
Post 5429348 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
the chief editor of a major german economic newssite "Handelsblatt-online" said publicly that
-bitcoin was
hacked-
forged bitcoins are circulating
-the central bank of bitcoin (mtgox) went bankrupt
http://www.handelsblatt.com/9534814.html WOW, german speaker here, this video is unreal!
i have given up MSM for some time, but i would never expect the head of whichever regional paper to fabricate such an, almost satirical, factually wrong and uneducated statement with such a straight, 'convinced' look in his eyes. i am not trying to be abusive here, but i think this guy is mentally ill or retarded.
don't forget, bad advertisement is still advertisement, bad advertisement is an art, in fact I was talking to a friend who works in Media which told me that some bad advertisement are intended to suck so hard to leaves a huge impression, mostly new brands adopt this type.... because you are new and you need to be remembered and searched for, legit advertisement will take so long to bring results, horrible advertisement if done smartly will have instant effect.
758.
Post 5429428 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
beta is bitcoin-qt client wallet software
bitcoin as whole system is still an experiment and still Beta, and btw bitcoin-qt represents the wallet and the protocol at the same time...
759.
Post 5433453 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
constant dumping at stamp... more than 1k dumped the last 30 min
760.
Post 5433629 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
constant dumping at stamp... more than 1k dumped the last 30 min
Karpeles getting rid of his coins so soon?
well the roumers about stolen coins being dumped is just not legit, you cant dump stolen coins in stamp, maybe this could be possible on BTC-e but sure not Bitstamp, they have this AML strict policy... but anyway the 4h MACD just crossed as predicted, lets see how low will this take us.
761.
Post 5433645 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Can't believe that it takes bitstamp 30 seconds to put order out of queue to order book.
that happens on heavy traffic
762.
Post 5433812 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
BTW to whom think that stolen coins can be easily sold on exchanges, especially bitstamp, this is what I got from them when I requested a big withdrawal, I was flagged by their system right away and they asked me these questions and i had to prove my ownership of the funds:
We received your withdrawal request. As your withdrawal request met some of our volume and frequency thresholds, we will have to kindly ask you to help us better understand the nature of your relationship with Bitstamp. In order to do so, we require that an additional KYC (know your customer) procedure is completed before we can proceed with the processing of your transfer.
We kindly ask you to answer the following KYC questionnaire:
1. How did you learn about Bitcoin?
2. The purpose of trading on Bitstamp?
3. What is the origin of the deposited Bitcoins? If mining, please specify your hardware specifications and submit a receipt or an invoice for your mining equipment.
4. When and how did you obtain your Bitcoins?
5. What is the reason for your activity - depositing BTC, selling, withdrawing?
6. What are your future plans and activities planned on our exchange?
7. Do you plan more of such withdrawals in the future? If yes, how many and why?
8. Which bank are you using? Please provide the complete address and SWIFT code.
We kindly ask you to submit your answers and documents in a reply to this ticket.
763.
Post 5434122 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
and here goes the wall down and finished 2k coins at once, something really big is happening....
764.
Post 5434153 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I have a feeling that something Big is happening behind the scenes
765.
Post 5434193 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
BLinked and missed it...
552 wall: eaten or pulled?
eaten
766.
Post 5434248 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Hide your wife, hide your kids.
767.
Post 5434286 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
there was +28K bids to 400 and now there is only 20K mmmm
768.
Post 5434508 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Everybody wants to be in the brotherhood for the greater good of speculating fucktards??
why dont you move on, nothing to see here, we love to speculate as the title of this thread and the name of this sub-forum suggest, and thank you for calling us fucktards.... sir welcome to my ignore list
769.
Post 5443016 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Good morning guys, so the price yesterday went to 535 ? what happened ? can someone update me ? instant dump ? I didn't drink my morning coffee yet, so it will take me some time before I really wake up
770.
Post 5443469 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Looking at the 4 hour charts, it looks like we are entering a recovery phase. Then again, what do I know!
there is no recovering phase just yet, but it could happen if :
1- there will be a huge volume pushing the price up for a couple of days, for example if somehow buying starts and price gows up to 750 and stay there for a couple of days then this could change the trend.
2- the 550 resist with volume for a couple of weeks and stay somehow stable at this level, this could also mean a reversal and that we are past this bubble..
3- huge bids build up all around 500-550, in meaning that no matter what kind of dump the price will resist, this is similar to 2
otherwise, I still see price dropping 4h chart is still on the downtrend, 6h and 12H will cross soon, 1d is showing a shady bullish sign without any volume, 3d is showing a down trend for few months now and with huge gab between the 12 period and the 26 period.
Conclusion, our only saver now is a huge volume that can push the price up or keep it so long at this level for a couple of weeks..
771.
Post 5445416 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
what is happening around Bitcoin businesses ? Butterfly Labs website also mysteriously went down and left so many customers who pre-ordered millions of dollars into their new generation hardware empty hands...
http://dorktech.com/where-did-butterflylabs-go/Butterfly the 2nd version of MTgox, and empty website:
http://www.butterflylabs.com/3/1/14 – Popular Bitcoin ASIC hardware/software company ButterflyLabs has mysteriously disappeared Friday evening. The company was just getting ready to roll-out their 600/GH and 300/GH cards that many individuals and companies have pre-ordered as early as 8 months ago. Their website currently just shows an empty blank white page at the moment. Although upon deeper digging, some of their directories still exist on the server. Also, the ButterflyLabs Twitter page is also not showing any new signs of activity. Does this mean that ButterflyLabs is also going to leave us as well?
This comes just a few days after MtGox, a highly used Bitcoin/USD trading platform, went down due to mistakes made in the security of the platform.
What is next for Bitcoin? All I can say is that we are in for a bumpy ride – so strap on your seat-belts and hold on.
(I will be updating this page if any new information comes in. Feel free to comment if you know what is going on. Our official Reddit comment thread is located here)
© 2014, Payton Peterson. All rights reserved.
772.
Post 5445448 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I dont understand what is happening, this is not FUD anymore, we need answers...
773.
Post 5445790 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
what is happening around Bitcoin businesses ? Butterfly Labs website also mysteriously went down and left so many customers who pre-ordered millions of dollars into their new generation hardware empty hands...
Seems to have been just a temporary glitch of their webserver (and a bit of healthy paranoia).
it is still not working for me ....
774.
Post 5445861 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
what is happening around Bitcoin businesses ? Butterfly Labs website also mysteriously went down and left so many customers who pre-ordered millions of dollars into their new generation hardware empty hands...
Seems to have been just a temporary glitch of their webserver (and a bit of healthy paranoia).
it is still not working for me ....
BFL's website often goes offline, or is so slow that it barely works or is replaced by a Cloudflare page
the server is online the ping response is just impressive, there is no DDOS looking at that response time:
and the source page is totaly empty.....
775.
Post 5446738 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
try to purchase something, it doesnt work...
776.
Post 5449148 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
there could be a reversal if this trend continue, I would consider buying back if we hold the 570 and/or if we shoot up to 600 this weekend, it would be safer by then.
777.
Post 5449288 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
there could be a reversal if this trend continue, I would consider buying back if we hold the 570 and/or if we shoot up to 600 this weekend, it would be safer by then.
You are bipolar - changing your mind quite fast. Yesterday was doom and gloom, today is sunshine.
this is what traders do, they follow trends and make profits from the predicted moves, I have been doing ok from analyzing my charts lately.... I left the to "da moon" and "CCMF" and "show me the blood" a couple of months ago and I see it is working for me.
778.
Post 5450026 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
there could be a reversal if this trend continue, I would consider buying back if we hold the 570 and/or if we shoot up to 600 this weekend, it would be safer by then.
You are bipolar - changing your mind quite fast. Yesterday was doom and gloom, today is sunshine.
this is what traders do, they follow trends and make profits from the predicted moves, I have been doing ok from analyzing my charts lately.... I left the to "da moon" and "CCMF" and "show me the blood" a couple of months ago and I see it is working for me.
Not true. Most traders don't make profits.
I dont know about most, but I sure do
779.
Post 5451072 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
off-topic, about Gox and all the BS going around, I find it unbelievable when early adopters Like Roger and Erik and everyone else asking people to just forget their money and move on..... yea you can move on, you have millions already so what if you lost few thousands, try convince this guy who lost +4700
BTC
and I was also reading about someone who committed a suicide after losing 900BTC https://twitter.com/CharlieShrem/status/439832777887076352
780.
Post 5451169 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
off-topic, about Gox and all the BS going around, I find it unbelievable when early adopters Like Roger and Erik and everyone else asking people to just forget their money and move on..... yea you can move on, you have millions already so what if you lost few thousands, try convince this guy who lost +4700BTC
I feel for the people that had funds at MtGox, and I think it is important to be sympathetic to these victims.
But what is wrong with learning from the experience and moving on? Do you have a better option?
yes bring justice and tell us what really happened and prove it then try to resolve it with all what you can, when all this fail then people will try and only start trying to move on.
do you know what happened in gox ? I think no right ? then why to move on?
781.
Post 5452139 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
2014-02-28
[14:07] <prof7bit> Hi, can you now please explain in more detail what was/is going on?
[14:09] <MagicalTux> well, we filed for the japanese law equivalent of what you know in the US as chapter 11 bankruptcy
[14:11] <prof7bit> I would like to know what are the future plans. especially what is with the BTC balances, people are saying it is not included in the liabilities at all, is this true?
[14:12] <prof7bit> I had 100 BTC in my account
[14:13] <prof7bit> and almost no fiat
[14:15] <MagicalTux>
it's not included because we'll try to return btc as btc[14:15] <MagicalTux> so we delayed decision to include btc in liabilities
[14:18] <prof7bit> Is this even possible after a loss of such giant amount of BTC (are they really lost, what exactly does the "temporarily" and "not yet lost" mean? BTW I and many others would also accept their BTC balance converted into dividend paying shares of ownership of a newly opened exchange, did you consider this possibility as well? Or is there really a hope to recover the BTC completely?
[silence from here on]
782.
Post 5459895 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Go away with your emotional buy and hold propoganda. I've heard it a million times and I'm not interested in the buy and hold strategy. If all I ever did was buy and hold I'd have 2% of what I have now. I'd have NOTHING.
You've made 50X your original buy-in? So about the same as everyone who's been holding for a year, right? Is it worth all the stress to marginally outperform the market? I mean, you don't seem to be enjoying it, judging from your posts.
I'm not marginally outperforming the market. I'm outperforming it by 5,000%. You must have misinterpreted my post.
Let me get this straight. Bitcoin is up ~600% since you started trading, so you've made ~300X profit in fiat terms? Is that what you're claiming? That's difficult to believe considering some of the bad calls you've made.
Good morning, I told you that people trade and make profit and you didnt believe and I showed you screen shots of my trades and my profits but you still attack traders and shoot buy and hold buy and hold, you know if I did that my average BTC cost would be 55.7 or near that, but you know what is my BTC average now ? well it is not $10 and not 5 and not $1 and not even $0.1/BTC but it is $-700, yes negative, that means that each BTC has generated $700 for me already, and that means even if BTC goes to $0 I wouldnt be effected, because it is like I sold all my BTC at $700.
I never told you it is bad to buy and hold, in fact this is what I recommend all my friends to do, but we do trade and we are aware of the risks, for now if BTC price wont drop further and if we stay at this price or shoot up to 600-650 I will have to buy back with a 30-35 BTC loss and I am aware of this risk.
but we tend to challenge the market by predicting moves and we get rewarded with X% profit or get fucked up, this is why trading is not for everyone...
783.
Post 5460952 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Bitcoin you are boring me, please do something
784.
Post 5461140 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
785.
Post 5461218 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
BTW volume is horribly low, you would expect people fighting over these "cheap prices" and rallying to buy while it is still "cheap"...
type in bitcoin china in google search I guess they are buying in at this price there
(hey just what I saw on a google search)
go figure
my 2c worth
Searing
I don't see any buying on exchanges.... I am watching charts like zombie but nope... look at the pic down 5 trades in the last 7 minutes !!! and they bearly make 1 BTC all together
you would see crazy rally of people buying if the price was right....
786.
Post 5462097 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Dare to sell your signals? I would be interested to buy
buy my signals ? nope , not for sale, I share some of my signals for free here and most of the time i get trashed.
Disclaimer: this doesn't mean I get them 100% right and also this doesn't mean I am giving a financial advise or a trade advice, you should make then on your own.
787.
Post 5462753 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.
I would agree if we were on a week day, but its sunday, lets wait tomorrow shall we?
I wouldnt agree, in fact it is the contrary, we had quite busy weekends for some time now
Bitstamp
Edit: today's volume is just horrible, I am just not convinced, signs for an up trend showed for a brief moment yesterday, I started to re-think my position but then it was all killed...
788.
Post 5462887 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
"rallies" on low volumes during week end
"crash and burn" on high volumes during the rest of the week.
its even more concerning as we didnt saw that much of a rally this week end.
hence, hide your kids, hide your wives..
789.
Post 5463002 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
ok I will share a funny or rather interesting prediction from someone, I am not going to tell who is, I will tell you later about his identity if the prediction turns out to be accurate, if not I am just going to tell him he was wrong.
the not known person said:
Bitcoin price will fluctuate the whole week till Thursday(next week), it is only then when it will start gaining back its value and many standing legal issues will be clear, then the progress will continue.
the person based the prediction on various stuff that you may not understand, and I myself hardly understand, so lets see how bad ass he is, I will keep my promise and tell everyone who was it and how this was predicted.
Disclaimer: don't base any of your trades based on this, this is no financial advise.
790.
Post 5464206 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
How is the situation in Ukraine going to affect Bitcoin ? What if a new war in Europe starts ?
I'm tense...
Gosh, didn't Europe have already enough wars.... one of my biggest fears is the war, but how will bitcoin help you in that situation ? when the infrastructure is destroyed no fiat neither Bitcoin is going to help you, we will eat grass if that happens.
791.
Post 5464371 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Mark my words, a large whale buy is coming, this will spark a rally similar to the rally after the china crash. There's are many traders waiting to buy back in who are hoping this isn't the bottom yet but have their fingers on the trigger, look at the order book on Bitstamp, buyers far outweigh sellers. There are also many ex gox customers who need to buy back in. Don't get left behind, when it happens, it will happen quickly.
I expect 820 within 7 days, if not more.
less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e, dont forget that there is 12 million bitcoin on existence, that 50K against the 12M is nothing .
and also if bidders would think that the price at 560 or at 600 is reasonable they would place their orders there, but I see only 9K bitcoin to 500 and 20K to 400 and 35 to 300 and most down less than 200, people base their bids based on what they think bitcoin is worth, and the same works for sellers, they put sell orders on what they think their bitcoins are worth, but at the moment buyers are not voting for $560.
IMHO there is no whale that would pump the price just like that, if someone decided to buy 10K bitcoin at a market order, then there is only 3 scenarios: a) pump and dump b) insider trading c) someone who doesn't give a fuck about his money and don't care about buying at 100 or 1000 which means he is not a whale but rather an idiot.
792.
Post 5464600 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Mark my words, a large whale buy is coming, this will spark a rally similar to the rally after the china crash. There's are many traders waiting to buy back in who are hoping this isn't the bottom yet but have their fingers on the trigger, look at the order book on Bitstamp, buyers far outweigh sellers. There are also many ex gox customers who need to buy back in. Don't get left behind, when it happens, it will happen quickly.
I expect 820 within 7 days, if not more.
less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e, dont forget that there is 12 million bitcoin on existence, that 50K against the 12M is nothing .
and also if bidders would think that the price at 560 or at 600 is reasonable they would place their orders there, but I see only 9K bitcoin to 500 and 20K to 400 and 35 to 300 and most down less than 200, people base their bids based on what they think bitcoin is worth, and the same works for sellers, they put sell orders on what they think their bitcoins are worth, but at the moment buyers are not voting for $560.
IMHO there is no whale that would pump the price just like that, if someone decided to buy 10K bitcoin at a market order, then there is only 3 scenarios: a) pump and dump b) insider trading c) someone who doesn't give a fuck about his money and don't care about buying at 100 or 1000 which means he is not a whale but rather an idiot.
You are only talking about the buy end, there are only 18k for sale up to $1000 at Bitstamp, and only 21.28k to $5000.
yes, we are at the adoption fase of this technology, Bitcoin is not gold yet, also if you decide that your Bitcoin is worth $1000 and will not sell for less and if buyers think that $1000 is not the real value you will get stuck with that bitcoin and no matter how many you have there is it 1 or 50K bitcoin you wont be able to sell.
remember: "your item is worth only what the best bidder is willing to pay for and nothing more" commerce 101.I also would like to point out why you shouldn't care allot about the ask book, people will not leave their bitcoins on exchanges for long time, so for example if I have 10
BTC in which I want to sell at $1000/BTC, I wouldn't leave them on any exchange for months, I would wait to see demand increasing toward that point, and only then I would send the bitcoins and open an order and maybe wait a couple of days for it to fulfill.
but honestly I usually execute a market orders when selling, I very rarely open a selling order, I usually wait for support to build up at the price I wish to sell at then execute a market sell order
793.
Post 5464741 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
who wants to be seen hodling buttcoins if everbody and his mother knows now that its worked as an insider ripp off scheme where the ponzi heads even get to
file for creditors protection instead of being thrown in jail !
nice cover up for sucking in the last bagholders to offload ther bookentrys and run
I really never understood your posts....
794.
Post 5464841 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e,
This would be no real price anymore. How many people would by for 100$? Many people. But do you think all this people park their money on an exchange?
The same with the way up to 1000$. I would maybe sell a few for 1000$, but I have the coins for that now in cold storage, because I don't see it possible, that I wake up in the morning and then "Oh shit, yesterday night it jumped to 1000$ and now back to 600$."
This is economics 101, too!Yes I know, btc-e had a flash crash from 650 to 102 and back to 600 within 5min. Everything is possible, but I buy that with a threat, that the exchange gets robbed or bankrupt. So I rather stay in cold storage.
nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.
Why?
well you just confirmed my post BTW, and you just figured out how bitcoin volatility works
read your post again and come back at me....
795.
Post 5464934 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
I think you are manipulating (maybe unconsciously) the facts to fit what you would like to happen, all of your arguments could be applied to a bullish or bearish position. You can apply logic to how buys or sells work, create charts, but the facts are that strange things happen, people do execute large market orders, buy and sells, and it doesn't make much sense to day traders, but they happen all the time.
To leave this channel we need a buyer / seller with the muscle and inclination to move the market. The market is like a coiled spring at the moment, and I believe more need / want to buy in than want to sell (they have had the last 3 weeks to sell).
I'm calling a rally, you are calling a further drop, we'll come back to this in a week and see who is right, fair enough?
I am a so small player that I couldn't even manipulate anything if I wanted so, but be assured that I do hold more than the FIAT laying on exchanges if my predictions are wrong... and to point out "again" I am just speculating I am far from acting as I know things....
but I would really appreciate an input about how the price would go up now, at the end this is why we are here, to track the price movements
796.
Post 5465227 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
who wants to be seen hodling buttcoins if everbody and his mother knows now that its worked as an insider ripp off scheme where the ponzi heads even get to
file for creditors protection instead of being thrown in jail !
nice cover up for sucking in the last bagholders to offload ther bookentrys and run
I really never understood your posts....
the prices are made at the exchanges and Gox serves as the best example what happens when everybody wants to see the real money he can get when selling buttcoins
for his bookentrys he believed being bitcoins at an exchange......what will be the price then?
again I still don't understand your post.... but never mind you don't need to explain your self anymore...
797.
Post 5467032 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Bitcoin do it already, I don't have time and nerves to wait the whole day, do something already....
BTW watching bitstamp for some time now, bids are going lower, less than 4458 to bring us below $520
798.
Post 5467329 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Bitcoin do it already, I don't have time and nerves to wait the whole day, do something already....
BTW watching bitstamp for some time now, bids are going lower, less than 4458 to bring us below $520
Its been pretty stable to $400 & $500 for the last couple of days. I expect bids to increase tomorrow with a little more fiat from Goxed people coming in.
there will be something tonight, it is either price dropping/raising significantly, but if I am on the right track I see it crashing rather than raising, we will see anyways... I already open orders, so lets see what will happen I wake up tomorrow morning
799.
Post 5468625 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
mmmm, what makes everyone sure that we wont retest the 400, I have many orders near the 400
and also I have some orders a little above 350
lets see how that works out for me
Edit: and I am almost sure that we will visit that range again, well if the trend proves me wrong I will have some extra fiat
(didn't decide yet if I will cash that out but most likely will do)
800.
Post 5468754 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
also IMHO most the dumps will be the next 24 hours, look at charts no volume, nervous market, and we are at the top of this wave, so it will be a rally for big holders, who will dump first
801.
Post 5470555 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Ok boring, I am going to sleep, I have to wake up early for the job, Bitcoin do something while I am sleeping and let price alarms wake me up instead of job waking alarms
802.
Post 5470683 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.22h):
Ok boring, I am going to sleep, I have to wake up early for the job, Bitcoin do something while I am sleeping and let price alarms wake me up instead of job waking alarms
Ah, the face of my girlfriend when I tell her "hey, I'm sorry, tonight's one of *those* nights... I need to set an alarm". it's like her expression says: "I hate being woken in the middle of the night... but if it pays the future swimming pool... *shrug*"
my wife doesn't give a flying fuck, she believes in me and sometimes too much that i have to tell her to slow down
good night anyways
803.
Post 5478241 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
good morning, well this was unexpected !!! so what is going on ? and what am I reading about gox!!! how true is that ?
804.
Post 5478407 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Today I increased my position from 35% to 50%. I will increase it again when 666 breaks.
this time if I buy back I will take a break from trading for few months
I find it to be the best move when things doesn't work like you've planned, take a break and come back with new energy to not fuck up the profits you achieved
805.
Post 5478417 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.
My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.
I wonder where sturle is hiding his face now. I remember him incessantly defending Gox in the Service Discussion threads throughout 2013.
he is hiding behind shame...
806.
Post 5478826 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Haha moving his wall every time it goes up a dollar. Interesting to see which wall that falls first at 599
Yeah funny to see how people can "play" with almost 2M$, but i doubt he will push to 599.
Shady as hell.
Something's up.
I doubt the whale is just messing around for fun.. Oh well, maybe not.
I've seen this behavior happen many times in 2013. It doesn't seem shady to me - just a big player accumulating a position after all the speculators have finally stopped trading. He knows people will dump into his walls because the bear market is fresh on everyone's mind and they will think the wall is 'shady', or that there are dark-orders.
The question is does this one guy mean the entire market should move permanently.This is the main question, valid point.
the market wants to move anyway, we just didn't know in which direction, we were all watching for a first move, and this guy seems to risk and take that move and the market is following, in other words no one had balls to decide and this guy has balls and decided to not wait for the downtrend and buy now.
also this is not someone moving his wall from a lower price, this is new money or money that was waiting on standby, because I see bids increasing all the way down, there is 25K BTC down to 400, yesterday there was only 20K and today is the start of the week, so it may increase even more...
807.
Post 5478859 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
see I am watching the bids increasing where the fuck this money came from ??!!!! was it all waiting out of the order book ? is it money that came today to exchanges ? I am so confused...
808.
Post 5478883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
I am so confused...
Story of your life no ?
well confusion in my life comes only from bitcoin movements
809.
Post 5479086 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
he doesn't care about people selling into his wall, which bring many questions about manipulation....
810.
Post 5479195 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
ok uptrend confirmed, this guy doesnt give a fuck he is buying.... and I am buying back, I give up...
811.
Post 5479272 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
mmmm I am still skeptical, buy or not buy back !!!!
812.
Post 5479455 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
and the dumping starts hahahahha
813.
Post 5479820 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
to be honest, I bought back, I lost few % on fees and price difference from my selling point at $570, sent coins to my wallet and I will have a break from trading for few weeks
814.
Post 5480480 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Seriously guys, stop posting these images, I wont be able to open this thread at the office....
815.
Post 5480490 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
and others please don't quote him or you will get ignored as well
816.
Post 5480748 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Seriously guys, stop posting these images, I wont be able to open this thread at the office....
Aren't you supposed to be working?
I am an IT engineer, so you know how that stuff goes
if everything is working I sit back and drink coffee
well I do some stuff here and there but not that much of work if everything is working like it should ...
anyway I am quitting my job soon, I've already sent my letter and will be working here till 1st of May at maximum, maybe I will leave even before...
817.
Post 5480863 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
As this is the official off-topic thread I will take the occasion to say something I always wanted to: I'm really amazed by the NSFW thing US folks use when linking to sex related images.... is so ridiculous I cannot even understand it.
How does that work exactly? Naked ladies/porn is specifically considered "not suitable for work" but general news or other non-work related stuff is suitable? What about sports news? Bitcoin stuff? I mean, I'd say that everything non-work related might be considered "not suitable" in many circumstances (you are supposed to be working, not reading about sports or bitcoin, right?), but the fact of specifically labeling "naked ladies/sex" as "not suitable for work" seems to me the reflection of a ridiculously biggot society.
I will ignore the porn/and naked ladies part... but no it depends about the nature of your job, if you are a reporter or a journalist you can watch news and anything, if you are and IT guy you can watch support forums and or technology news threads because this is the only way you stay updated, if you are a teacher than yea you should be doing your job teaching instead of hanging around the internet..... I think you get my point here.
it depends on how your productivity is effected, in my case I am more productive and can deliver better results if before resolving an issue I look online or alternative and better ideas to do so... or simply by taking the chance to learn new stuff on the time when I have nothing to do...
818.
Post 5480954 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Seriously guys, stop posting these images, I wont be able to open this thread at the office....
Yeah, even people quoting those images get an ignore from me. Some people are not sat in their bedrooms.
WTF? So you can spend your work-time on non-work related forums but looking at a couple of tits is some sort of NO-NO that will get you automatically fired as soon as those tits are displayed on your screen?
You are really saying that the fact that a tits picture is displayed is such a deal?
Really guys, what's wrong with you in the US? In all offices I've been working everybody had a little time to a) read some news, b) watch some tits. It's a stress killer
depending on your work environment, I don't know why is it hard for you to understand that... do you have any women working with you ?
819.
Post 5481332 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Is it time for cheap coins yet??
you went off-topic, the topic now is TITS and if it is ok to look at them at work, otherwise at the moment Tits seems to be more important than the price, people are taking a break, which I think is ok
820.
Post 5485944 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
holy.... what is happening ? who didnt buy back yet ?
821.
Post 5486411 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
Bitstamp is so fucking slow
I guess it is under heavy load....
822.
Post 5486576 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
bitstamp is offline for me
823.
Post 5486901 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
who thinks that we can hit 800 today ? look at stamps order book only 4300 to 800 and 9000 BTC till $1000
but i would be so surprised if hit 1000 in 24 hours
824.
Post 5486991 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
if the whale is reading this, you have a shit load of money, why don't you buy more till we reach 1000 ? what is that for you anyway... only 9K BTC, you have bought at least 10K already, make it 20K hahahahaha
825.
Post 5489223 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
what if the guy who dumped the 10K BTC was buying back and that was that whale ?
and 1 hour since last block
826.
Post 5503538 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
I am so fucking angry, I decided to buy around 1500 LTC today when I saw it was around 0.022, I sent my BTC to BTC-e and I was waiting for confirmations, I had 3 confirmations already but they didn't credit my account, went to smoke a cigarette and drink my coffee came back to see LTC at 0.025 !!!! WTF !!! I was so fucking angry, I didn't know what was happening looked at news and just to see BTCchina adding it... ok I had 7 confirmations and still didn't get my account credited, I went to smoke another cigarette came back the price was at 0.0265 then I got credit and bought at 0.026
I was thinking about buying yesterday, but I didn't do it.... now I am going to hold for that 0.05
827.
Post 5504538 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
I am still wishing for a day where I can buy my BTC and LTC at one professional exchange like Bitstamp...
828.
Post 5504926 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
I am still wishing for a day where I can buy my BTC and LTC at one professional exchange like Bitstamp...
Kraken has both BTC and LTC.
and a monthly limit of 100K, I would do that if a week...
829.
Post 5504960 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.23h):
I am still wishing for a day where I can buy my BTC and LTC at one professional exchange like Bitstamp...
You could use bitfinex?
I had account there a long ago, I just visited the site again and I am totally lost, where do I see the trading volume ? what about AML KYC, are they compliant?
EDIT: Ok found it...
830.
Post 5511714 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.24h):
maybe off-topic, to people who think that they do take security seriously, please it is time to do some revision, I am reading around and I see a shocking amount of hacks and fraud going on for the last couple of days.
so you may consider:
1- check if you have all security features that your exchange offers already activated.
2- make sure that you use one of the best antivirus programs on the computer you use to browse around and make sure it is up to date.
3- don't leave funds on exchanges, if you daily trade and you have leave any funds there, then make sure to use e-mail confirmations and that your e-mail also has 2FA.
4- make sure that you use only one phone/device which is not rooted, and do not install garbage bitcoin apps or any other app games/garbage.
5- use paper wallets for your long term investment and save them in a safe place.
6- keep the for-daily use coins on an offline computer, use Armory, sign offline transaction and broadcast them on an online pc.
7- use different passwords on all sites, make them complicated and long (capital letters small letters, numbers and special characters)
8- don't keep any track of your passwords, keys or anything else on your computer, do it the old fashion way, write on a paper and save it somewhere safe.
9- encrypt about anything, I would recommend you to encrypt your entire dist as well, if you use linux this option is offered when installing the system, if you use windows then try PGP whole disk encryption, I use it and I recommend it.
10- use avg anti virus on your phone/device, activate the relocation option, there is also an option to wipe-out the device by sending a SMS to your phone if lost or stolen.
11- never trust anyone with your BTC, if you cant control the address then you don't own the BTC, any non reputable, non regulated online service can go offline, and you will lose all your funds (the new term is Goxed)
12- dont click on links without being sure where they direct, you can simply put the mouse cursor on it without clicking and check the address bar if it is a legit link, deactivate automatic redirection in your browser so you cant be tricked.
13- don't open e-mails from unknown sources, especially don't open spam e-mail, if you have to do so, then make sure to not open any executable attachment or any .pif extension, judge any site asking you to install "java plugin" or a "flash player" if YouTube works for you than you don't need any flash player or additional extensions, you are being a victim of a phishing attempt.
14- don't install any opensource software if you don't know what the code does, if can review the code your self then don't install without verifying the signature, especially don't install wallets of the daily created scam coins, some might be created just to steal your coins.
these are just some of the safety practices I can think about now, any user is welcome to add anything I might have forgotten to this list.
831.
Post 5527255 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.24h):
Perhaps I am being a little harsh with the exchanges; clearly they are the first attempts by hobbyists and we needed them in the very beginning. But now, we have moved on to a stage where we cannot afford to have experimental exchanges – perhaps even having such exchanges out there with the highest volume is detrimental nowadays. What is sorely needed is professionals who already have experience building financial infrastructure. Wall Street, not basement geek.
Bitstamp leaked their customer email addresses by the way, that's why all the new phishing attempts. Reminiscent of Emptygox 2011. Fuck all the operating major Bitcoin exchanges.
This is just getting stupid. After Im confident of the reversal and fairly sure its choo choo time Im getting all of my funds off exchanges and not trading until im confident in a competent exchange.
I have Bitstamp verified account and I never received the gox scam mail neither the btcguild scam mail or any other bitcoin related scam or spam. I don't think those are connected.
Same here regarding the Bitstamp account, plus my email was not leaked before all this and I only got those mails fairly recently, so I am near certain of eleuthria's conclusion. Have you checked your spam folder? Gmail for example has excellent spam filtering.
I checked the spam folder just before writing the message. There are no such emails from mtgox or btcguild in any of my email folders including the spam folder.
Same here. Doesn't rule out email leak, but I'm not convinced.
"In another email they admitted to it"... My ass
ok I will share this with you, I do trust the guys who run Bitstamp, I can vouch for their trustworthy, I met some of them, but some of you may remember when I was investigating the issue, I was getting tons of phishing attempts and I am still getting them almost everyday, first I thought it was my fault maybe installing some infected android app, but then I asked effected users who got the same emails and they confirmed they do not use the same e-mail address for their android devices for bitstamp, then I thought maybe it was the mtgox security breach, and other users confirmed that they didn't use the same address as well, so this eliminated gox as well.
the other note is that bitstamp blocked BTC withdrawal from only effected accounts, how they knew about who was effected ? this raised my concerns, I didn't want to talk about this for 3 reasons, the first one is people would shoot about me trying to spread FUD, the second is I have no evidence while everything point out to this scenario I didn't have any prove to talk about it, the third is that I know the CEO personally, he is from my town, I know his mother she works with me, and know what kind of people they are, and I also know some of bitstamp's employees, they are all reputable and I have no second thoughts about that.
Disclaimer, I even have a job application sent to work at bitstamp, nevertheless being in IT administration and architecture for so long I can tell about some of the bad practices Bitstamp is using, well at least what I can think it is and concerns me, their design for the help desk system (support) is not the best secure practice, you can submit support tickets with attachments on the same platform (server) where you have your trading engine database and also the bitcoin daemon.
I am not worried about the phishing attempts but what worries me is the core site, big companies of this size use a different domain and/or different servers for help desk, where users can submit their tickets with attachments to a whole different server, so even if that server is compromised with an injection/upload or simply being infected by viruses it wont effect the customers funds and the database also it wont effect the trading.
and I really hope that I am being wrong...
832.
Post 5528596 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.24h):
while some of you think that Bitstamp employees are not "qualified" I can add this, Nejc Kodric the CEO and founder is not an IT guy, he has Economics Management college degree, while the Top IT programmers behind the system are leaded by Damian Merlak also a qualified person.
I can also share few information you may not know allot about Bitstamp, last year (mid year) when I visited their offices they had around 7 employees (or so), not long ago when I talked with Nejc he told me they had more than 15 and quickly expanding, and now I know that they are recruiting even more and I also know that they are looking only for high potential and talented employees.
there is also Hazek the moderator on this forum for economics and general discussion, he is the leader of the support team.
Bitcoin did raise so fast, in fact explode is the right word, big companies like Bitstamp are in a race with this growth, if you think that banks or economical companies can do better than most businesses around, I can tell you that you are wrong, this guys that run bitstamp have many developers that were around Bitcoin since 2010, so if you think that a monkey who works at a bank would understand better than someone writing code around bitcoin since 2010 you are so wrong.
I like that Nejc is not an IT guy and he is involved in management and Economics, I also like his approaching, by hiring professionals the second his exchange started taking off.
this wont be easy time for bitstamp, now they have a huge growth opportunity after gox death, and they have to explode at the same rate Bitcoin is doing, this is why I was applying for job, and BTW this is why I sent my resignation letter even if they didnt have a meeting with me or accept my application, and even if they dont, I am sure that I can add something to this community.
833.
Post 5549082 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.24h):
Real respect to that man, I have more faith in Bitcoin than I had ever knowing that the man you see on that picture is Satoshi and reading about his life..... I am so amazed, I just hope that people will respect his privacy and leave him alone...
834.
Post 5549982 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.24h):
how do you know that was Satoshi who wrote that, I can make a better picture than the one above and sign it with his name, also everything on that story fits perfectly to that man, I am almost convinced that is him...
and by the way, he used his real name, nice move last thing expected....
835.
Post 5551054 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.24h):
He's the honey badger of humans...?
it is called wisdom...
836.
Post 5565359 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.25h):
I can hardly follow events the last couple of days, I am not sure anymore about what to read, hundreds of threads and allot of speculation, but I have to admit that my curiosity is at its maximum since I learned about Bitcoin, I cant move on now that they brought Satoshi nakomoto identity subject.... I feel the need to know who he is, even if doesnt change anything.... I cant let it go
837.
Post 5570860 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.25h):
I do not think it is him at all. The journalist "work" is extremely bad and based on pure speculation, it really looks like this is a prank pulled on her by Dorian's brother.
The internet is full of posts by Dorian (Amazon; guns forums; train models forums; Toyota forum; etc.) and his writing style is EXTREMELY different (and bad) compared to SN's. The journalist was SO BAD and so eager to publish this story that she didn't even take the time to make a real comparison between the writing of both characters - she just wrote on his piece that Dorian's wife said that her husband mixes both American and UK english,
which is beyond ridiculous as a "proof", especially if there is SO much material on the internet to make a REAL comparison. It's obvious that Dorian writes a very bad english, and this is very easily verifiable: his posts all over the internet.
All in all there's some circumstancial evidence, but not a single hint of firm evidence. In fact, the strongest evidence is that the guy's birth name is Satoshi Nakamoto - but Dorian is a physicist and an engineer, not a cryptographer; add to that his bad english (which, again, is easily proved by using a little google-skills) and the unbelievable characteristics of this story (a guy who never spoke to his family about his project and went to greath lengths to be anonymous "tacitly admits" his involvment to a journalist and uses his real name to publish the foundational paper).
I bet Dorian is not SN. It just doesn't add up.
If his birth name was not "Satoshi Nakamoto", everybody would have been laughing at this whole story. It's much more likely SN is Nick Szabo - the evidence is still circumstancial but orders of magnitude stronger in his case. For Christ sake, Nick Szabo was the "inventor" of the "smart contract" concept, his work revolves around the concept of eliminating trust on third parties using decentralized ledgers and he created "bit gold" (which is pure and simply the precursor of Bitcoin), working on it for decades until he stopped publishing papers on electronic cash around 2005 (his last post on bit gold was written on his blog on 2008, just little before the Bitcoin paper was published - what a coincidence). Plus, Szabo's and Satoshi's writing styles are very similar, they use the very same terms and concepts and their work revolves around the very same point. It really looks like Szabo found the "solution to the problem" and created bitcoin, and that's why he never published again about electronic cash/trustless sytems - which were the center of his work for more than a decade. He never wrote about bitcoin and ignores all the comments about bitcoin on his blog, which seems incredibly shady given the fact that he is clearly the inspirator of such a system… All that might be circumstancial, but the links (in form of PAPERS and WORKS, not speculation by family members and retarded journalists) are SO strong they cannot be ignored.
IMO all this Dorian story is a ludicrous joke that leverages on just three things: A) Dorian's name; B) the fact Dorian worked on classified projects; C) the fact Dorian is a libertarian and quite "paranoid" when it comes to Government - which is simply what you would expect from anyone who has worked for the Government - he just knows first hand that Govs spy and apply violence on people.
The Newsweek journalists should be ashamed.
this really make sense, also I really was curious about the identity of Satoshi, but I didn't pay this mystery allot of attention until now, I believed 90% of that article, after 24 hours and all the evidence it dropped to 40% but your post really putted me off Dorian.
but again, it is the first time when I really badly want to know about the identity of Satoshi, I know I wont achieve anything with that, but I will have peace with my mind, it wouldn't be strange if the whole article thing is set up or just an attempt to make the real Satoshi reveal him self in a try to save Dorian's life...
838.
Post 5586658 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.25h):
in other notes, I am watching the Litecoin volume over the last few months, and I am amazed how Litecoin is developing
http://www.cryptocoincharts.info/v2/coins/graphicalComparisonthey count the volume of LTC/USD and LTC/BTC and they convert everything back to BTC and compare it to the BTC volume, so it is not 1 LTC compared to 1 BTC but it is 1BTC invested in litecoin instead.
839.
Post 5592987 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.25h):
It's not a mixing process - it's in line with the leaked code supposed to be from Gox: dust sweeping.
dust sweeping ? what does that even mean ?
840.
Post 5641460 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.25h):
Dogecoin will survive.
On another note. I am starting to get sick of these price ranges of BTC.
Lets get some action.
once that meme popularity is over the dogecoin will die hard, kids jumped on only because of the meme is familiar to them, the price went up then other people saw an opportunity to make some some profit, everyone will get sick of that meme, there is no technical improvement or a new feature or anything that can keep that coin going. no development whatsoever.
marketing with that meme thing was a great idea but we all know that wont last so long
841.
Post 5656042 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.26h):
litecoin is off charts, I will speculate about us passing the 0.05 LTC/BTC pair in a couple of weeks
842.
Post 5743490 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
any thief who try to sell his stolen bitcoins on Bitstamp would be a really dumb ass, the moment he deposit them they will block the funds and ask the strange questions then good luck for him to prove the source.
even if he would deposit small amounts, there is a point when he will trigger that AML alarm and he will be in trouble, but I don't know how is with BTC-e !!!
843.
Post 5763239 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
Ok for the noobs here, Litecoin is the original alt, it is going to succeed and BTW I've made huge profits from Litecoin, I did beat my Bitcoin profits many time, otherwise I wrote an article about why I think litecoin has a bright future
http://www.mmitech.info/?p=63
844.
Post 5763317 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
Ok for the noobs here, Litecoin is the original alt,
LOL @ lying to the nubs to pump litecoin...
you can quote me on that
Edit: take the time and read why I think that, you don't have to agree but I think my concerns are legitimate
http://www.mmitech.info/?p=63
845.
Post 5763345 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
Anyone able to load Bitfinex.com ?
Works for me.
Its loading now, but during the dumps it went kaput.
On another note, LTC is holding like a man!
ltc always holds, the dump always comes later.
usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare
It's becuase the LTC rally is event-based (btcchina, huobi)
oh, I can assure you that it is more than that, I bought my first Litecoins at $0.17 look how much they made me today
and I am not selling yet, $100 till the end of this year seems very possible
http://www.mmitech.info/?p=63
846.
Post 5767464 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
What will happen to btc once ltc explodes?
Define explodes. LTC at $25? $40? $100? $1000? and when? day, week, month, 6 months, 6 years?
Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...
I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months
847.
Post 5767589 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
What will happen to btc once ltc explodes?
Define explodes. LTC at $25? $40? $100? $1000? and when? day, week, month, 6 months, 6 years?
Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...
I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months
No chance.
I would take a bet on it, but I dont gamble
848.
Post 5767766 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
There will be alot of asking about ltc, when huobi fully starts with it...
any idea of when would that be?
about the same time mtgox implements midis.
wait a min....
Midas to correct you, such fast engine, less lag much fast...
849.
Post 5767811 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
What will happen to btc once ltc explodes?
Define explodes. LTC at $25? $40? $100? $1000? and when? day, week, month, 6 months, 6 years?
Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...
I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months
No chance.
More like 0.05-0.06... My sell target is 0.05
There will be alot of asking about ltc, when huobi fully starts with it...
Don't think so, 0.035-0.04 max. Huobi adding it doesn't really mean a lot, BTC-e had huge volume on last big LTC pump, Huobi was/is not needed there when there is enough money around. And there is enough money around only when Bitcoin is bubbling and new players are entering the crypto world.
It's just another news driven pump we've seen zillion times in bitcoin, litecoin and many other altcoins.
what you seem to be ignoring is the ASIC effect
ASICs has been hitting the network for a couple of weeks now, the diff.factor is going insane, it is going up 5-10% every 3 days, quote me on that
oh and did you hear about Gocoin.com ? really exciting, oh the Devs are working so hard on other projects as well
and least and not last, I am working on a project for Litecoin as well, much fun such wow very money hahahah
850.
Post 5768816 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
What will happen to btc once ltc explodes?
Define explodes. LTC at $25? $40? $100? $1000? and when? day, week, month, 6 months, 6 years?
Personally, I doubt LTC will grow much beyond BTC... maybe we will get to .1BTC... but otherwise somewhat parallel to BTC... and probably losing value over time to other alts...
I will speculate about LTC hitting an ATH of 0.07-0.09 BTC in 2-3 months
I appreciate when people (or bots - NOT that you are a bot) are fairly specific and committal about their predictions... That is definitely a step in the right direction. The next step is to explain how they arrive at that prediction... what are the various factors that cause you to predict... and how did you arrive at such specificity... Surely, no matter what the prediction (especially about the future... hehehe) there is going to be a certain margin of error that would be anticipated for it to be reasonably relied upon.
I have been following Both BTC and LTC for over a year and a half and I can say this :
1- LTC network is in a transition from GPU to ASIC the dif.factor is going insane (5-10 % each 3 days)
2- LTC is the first an only original alternative currency with a real and legitimate development happening around it.
3- LTC is being add elusively to all big exchanges as one and only Alternative to Bitcoin, bigger audience if you like so...
4- I spotted 10-15 days ago before even huobi announced adding LTC that the 3d MACD is going to cross and the market was going bullish and now it started
5- also LTC will really go mainstream for other reasons, I posted an article about few days ago and the fanatics here trashed me if you want to read here you go
http://www.mmitech.info/?p=63 and compare it with this
https://bitcointalk.org/index.php?topic=514616.msg5763878#msg57638786- there is few other things I believe will push LTC forward but I am not going to share them, at least not yet
851.
Post 5770332 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
wow, dat wall... much profit
852.
Post 5770452 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
also this
853.
Post 5770610 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
Just hit $20 and the $850,000 wall has moved up to match.... wow
It was textbook...and now it's gone.
it is still at 19.-- somewhere, he kept lifting it up and it seems now he is waiting for someone to dump into his wall
Edit: he removed it now, what is he thinking about ?
854.
Post 5770816 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
december/january: "to prevent manipulation and to help foster a stable btc ecnomy, we are adding a trading commission"
march: "to be consistent with our ltc pairings, we are removing the trading commission"
btcchina is whack. Sounds like they have their priorities wrong, or everything the ceo does is some type of manipulation.
Sure, bring some volume with 0 fee and when you gain customers you add the fee, not so hard to understand, they did the same with BTC, you are just being fanatic over Bitcoin, I am a trader and LTC seems an opportunity with lower risk comparing to other scamcoins, I would consider trading only BTC or LTC at this point....
Also I love the fast confirmations
855.
Post 5770875 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
ok, could we re-name the thread into
"i´m exited about LTC and give a fuck about BTC since there may be more gains in LTC"
please ?
disclaimer: i missed the ltc train completly. now i know how those btc critics must feel when month after month they came to the conclusion btc is just a fad, but it actually wasn´t.
the first time i could have bought ltc was when price was just a few cents. but i didn´t, because i didn´t think ltc made much sense. i kept thinking that all the way up...
looks like there are 2 options now: jump on the ltc train now or get
fkn angry about this ltc sheit and troll around in the ltc forums.. you shouldn't get emotionally attached to anything even Bitcoin, when ever you see a chance you jump in, this is why you jumped into bitcoin the first place, fanatics are the worst type....
856.
Post 5770953 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
Also, now that all Big exchanges add LTC exclusively, maybe Bitstamp is the next one to add it, they are missing a big peace of the pie...wink wink...
857.
Post 5771116 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
ok, could we re-name the thread into
"i´m exited about LTC and give a fuck about BTC since there may be more gains in LTC"
please ?
disclaimer: i missed the ltc train completly. now i know how those btc critics must feel when month after month they came to the conclusion btc is just a fad, but it actually wasn´t.
the first time i could have bought ltc was when price was just a few cents. but i didn´t, because i didn´t think ltc made much sense. i kept thinking that all the way up...
looks like there are 2 options now: jump on the ltc train now or get
fkn angry about this ltc sheit and troll around in the ltc forums.. you s
houldn't get emotionally attached to anything even Bitcoin, when ever you see a chance you jump in, this is why you jumped into bitcoin the first place, fanatics are the worst type....
fuck that
I ♥ BTCinvest into what you are passionate about, not what you think can make you a quick buck.
I will correct that for you, because it seems like you are doing it wrong.
work with what you are passionate about and invest where it seems possible making few bucks this I shared with you from my personnal experience, and BTW did I mention that I resigned my daily IT job in Goodyear just to work with Bitcoin/Litecoin, now you know
, I love working with Bitcoin, but I am not so emotionally attached to it, I always leave some room for improvements
858.
Post 5779509 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?
wasn't this expected ? this is only the short term reaction, lets see what will happen the next couple of months
I didn't sell a single LTC, I saw this coming but I am playing the longer term
859.
Post 5779836 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?
wasn't this expected ? this is only the short term reaction, lets see what will happen the next couple of months
I didn't sell a single LTC,
I saw this coming but I am playing the longer term If you expected a pump and dump, then why didn't you sell near the top and re-buy to increase your holdings?
I did answer this question, I am not taking short term profits on this, I am playing the mid-term, in other words see what will happen after a couple of months.
I would say it is a buy signal for the next fewcouple of days, pigs will always lose, they are the one panicking now
860.
Post 5779917 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
i have a macd/ema strategy with ltc daytrading where i buy on a certain ema on downspikes which should be safe as a support until the corresponding macd goes down. once that macd goes down then the support is no longer valid and i move to the next longer chart to use its ema as support. this works most of the time. however today it just kept going down, and down, and down, without the corresponding macds going down first.
well if you missed selling, look at the 3d,1d MACD and you will feel better, many other chances are coming, and don't worry so much about pigs dumping because this wont last forever (they bought because of huobi event anyways) add the fact of mining cost, it is going crazy, this is good for both LTC and BTC, this will slow down miners who convert LTC to BTC and dumps BTC on other exchange for USD. this also means that the ratio LTC/BTC will go up.
there is other few reasons for LTC to go up but I will not share them to not ruin my trading position
861.
Post 5786389 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
its worth noting, that the sample size is extremely limited and very biased, since the sample pool consists of bitcoiner traders which rhymes with traitor therefor its safe to assume that >98% of bitcoiners will "go down with the ship"
Adam, I have high expectations, I don't wish to "go down" and there is always a way to fix the ship, if you cant, then make sure you jump before the ship goes down
, otherwise make sure you go down alone.
862.
Post 5791944 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
for a moment I was so happy to see some activity on this thread, first I had to look at the price thinking there is some action, then I found out that it is only mah87 the troll talking about his Ripple, kind of a disappointment...
although, I would guess that Mah87 is a woman, I've noticed that he/she come in periods of a month, kind of the schedule of a Girl that has her PMS... just saying
863.
Post 5792123 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
for a moment I was so happy to see some activity on this thread, first I had to look at the price thinking there is some action, then I found out that it is only mah87 the troll talking about his Ripple, kind of a disappointment...
although, I would guess that Mah87 is a woman, I've noticed that he/she come in periods of a month, kind of the schedule of a Girl that has her PMS... just saying
lol what kind of dummy use "woman" as an insult ... you freak
since when a woman is an insult? never... but a woman yelling all over the place for no reason when she has her time of the month is something that we can notice... you would be better putting a tampon to fix the leakage and go eat some chocolate and watch a Hollywood Romance movie.... return in a week or so then we can discuss your scam, ops sorry I meant Ripple...
864.
Post 5792826 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.27h):
Mah87 doesn't have any bitcoins left, he sold cheap this is why he is but hurt, people threw some satoshis at him so he can leave us alone...
865.
Post 5808743 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
So there is a new slang going around for unconfirmed transactions...it is Dorians
Examples: he sent me a Satoshi but it is Dorian
or I see the incoming transaction but it is still Dorian
also a slang for fake reports, my Co-worker newsweeked me
866.
Post 5809389 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
So there is a new slang going around for unconfirmed transactions...it is Dorians
Examples: he sent me a Satoshi but it is
or I see the incoming transaction but it is still Dorian
also a slang for fake reports, my Co-worker newsweeked me
huh?Dorian??
What is the origin of that idiom?
Dorian Satoshi nakomoto, the Newsweek report about the man who supposed to be the real Satoshi
867.
Post 5819645 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
What the "F" is happening? I go for 3 hours and a shitload hits the fan !!!
868.
Post 5820384 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
I am curious about what will happen when the whole USA wakes up and see the price, will they drink coffee and open their eyes first or will they start panicking ?
From now till tomorrow will be really interesting, another flash crash is really possible but I dont believe that we will stay there for long...
869.
Post 5838273 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
Any longtimer here who wants to escrow a bet?
What is the bet?
This adjusted to $530
I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell. Really don't think we'll break 540 anytime soon
I might be up for a bet :-) (I am fairly drunk at the moment, but still think I am capable of decent decisions
)
How does 0.5
BTC sound that we"ll break $540 on Bitstamp within the week.
I would do it depending on how long is the bet, otherwise you can always use bitbet
870.
Post 5847011 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
Might this be driving the market atm?:
*Redemption of shares will be allowed on a limited basis as of April 2014 with expectation of qualifying for public trading of the shares via the OTCQX® under the Alternative Reporting Standards.
http://www.bitcointrust.co/Are the potential sellers who will want to lock in their 300% profit getting priced in?
who are the owners ? is this the Winklevoss twins Trust ?
871.
Post 5847123 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
Might this be driving the market atm?:
*Redemption of shares will be allowed on a limited basis as of April 2014 with expectation of qualifying for public trading of the shares via the OTCQX® under the Alternative Reporting Standards.
http://www.bitcointrust.co/Are the potential sellers who will want to lock in their 300% profit getting priced in?
who are the owners ? is this the Winklevoss twins Trust ?
No, this is the Secondmarket fund.
mmmm, their web page looks different from the last time I visited, and it seems that they lowered the minimum investment to $25K... I am really curious how will this work out for them and how will it effect the Eco-system, will be watching...
872.
Post 5854777 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.28h):
I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:
What the f+ck does HODL mean?
HODL means HOLD it was an honest mistake from an English teacher who created a Thread "I AM HODLING" he was angry about his girlfriend going to a lesbian bar and Bitcoin price crashing and the fact that he is a bad trader all happening in one day.... so he gave us a good laugh and since then we use HODL, SODL, SHOTR as a slang
this is the original thread if you want to check it
https://bitcointalk.org/index.php?topic=375643.0;topicseen
873.
Post 5898626 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.29h):
Rumor talking about an insider who confirms that Mtgox found a total of 670K BTC that was supposedly lost, I wonder how this will effect the price if it turns out to be true...
http://theblogchain.com/news/mtgox-found-bitcoin/
874.
Post 5931024 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.29h):
What is happening ? I wasn't following for a couple of days, can anyone summarize please ?
875.
Post 5948631 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.30h):
I really do not understand what is happening, it seems that every fart cause a crash while all the huge good news around doesn't seem to effect the price, I sense a downtrend till mid-end April...
876.
Post 5957247 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.30h):
Surprisingly, after resigning my Job and these late events...I am not worried neither nervous about this crash at all, I am also psychically prepared for lowers lows, the only thing that bothers me is that I have no more FIAT to spend on buying more coins. I really cant remember when I didn't care that much about the price.
Meanwhile I am playing around my server and trying to use my time productively, also am trying to work on my skills and maybe get to programming (I hate the fact that I was offline for so long), this is the first time in 6 years that I am totally free and I am eager to work on a Bitcoin related project or do anything helpful to the eco-system, well I still do check the price daily, but I don't care that much...
877.
Post 5982351 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.30h):
2011 repeating ? will 2014 be the year of the depression ? I don't get what is happening but even if you try to explain it to me it just wont make sense...
878.
Post 5982860 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.30h):
2011 repeating ? will 2014 be the year of the depression ? I don't get what is happening but even if you try to explain it to me it just wont make sense...
If 2014 is a year of depression, it will be similar to 2012: Only 200% gain per year, ending the year at $2,000-$3,000 and bitcoin is dead as always.
I am almost sure (lets say 60%) that we will trade side ways with a feeling of a bear market to mid-end of April, I cant even imagine what the bottom will be, but if I would guess from looking in to the charts and how ast we came from a high of $710 to $466, I would say somewhere in the 300's but for some reason my guts tell me to not trade this...
I don know why but I am good with holding, I cant trade when there is fear...
879.
Post 5985937 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.30h):
I am all in LTC
in a month or so it will payout so big
880.
Post 5998518 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
881.
Post 5999493 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
For the lazy ones :
Hi all,
Once again, thank you for all your contributions and support for Litecoin Core Dev. We understand that everyone is concerned about the April 15th news, however we have not received such Notice and we are operating as usual. So rest assured, users can still trade, deposit and withdraw as usual. And we would like to reaffirm that this will not affect our 1000LTC Matching Challenge, and will still be donating the 1000LTC as promised.
We have also added the International BTCC Voucher option for our international users. BTCC Voucher is BTC China’s new CNY deposit/withdraw method, and it can be instantly credited into your BTC China account. With this new addition, international users won’t need to have a bank account opened in Mainland China to purchase BTCC Vouchers. Please follow the link for more information:
https://vip.btcchina.com/page/notice20140328If you have further enquiries about International BTCC Voucher, please email
voucher@btcchina.com Thank you
BTC China Team
882.
Post 6017932 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
883.
Post 6018050 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
Australia is in the future.
what a thoughtful journalist, he posted an article in the middle of night, so I guess Breaking News " china bans Bitcoin".... really original...
yet Chinese government didn't post a single thing about that, in fact they banned any 1st April financial related jokes.
884.
Post 6023108 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
Max kieser gone crazy hahahahaha
http://www.youtube.com/watch?feature=player_embedded&v=Zm7gQvTl2dA#t=11041st April joke ? hahahahhaah this is amazing
885.
Post 6023571 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
hahahahah guys even more hilarious, google is hiring
https://www.google.com/about/careers/search/#!t=jo&jid=32155002 google made the best joke of the day
886.
Post 6024795 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
Guys did you read what Pieter Wuille Bitcoin dev wrote ? I have no intention to make any fud but Bitcoin generation maybe not limited to 21 million as sopposed to be, they still dont know how the client will behave when they reach the last Block reward, and they think it will start over from 50 BTC....
https://github.com/bitcoin/bips/blob/master/bip-0042.mediawikiAlthough it is widely believed that Satoshi was an inflation-hating goldbug he never said this, and in fact programmed Bitcoin's money supply to grow indefinitely, forever. He modeled the monetary supply as 4 gold mines being discovered per mibillenium (1024 years), with equal intervals between them, each one being depleted over the course of 140 years.
This poses obvious problems, however. Prominent among them is the discussion on what to call 1 billion Bitcoin, which symbol color to use for it, and when wallet clients should switch to it by default.
To combat this, this document proposes a controversial change: making Bitcoin's monetary supply finite.
Details
As is well known, Satoshi was a master programmer whose knowledge of C++ was surpassed only by his knowledge of Japanese culture. The code below:
int64_t nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks
// which will occur approximately every 4 years.
nSubsidy >>= (nHeight / 210000);
is carefully written to rely on undefined behaviour in the C++ specification - perhaps so it can be hardware accelerated in future.
The block number is divided by 210000 (the "apparent" subsidy halving interval in blocks), and the result is used as input for a binary shift, applied to the original payout (50 BTC), expressed in base units. Thanks to the new-goldmine interval being exactly 64 times the halving interval, and 64 being the size in bits of the currency datatype, the cycle repeats itself every 64 halvings on all currently supported platforms.
Despite the nice showoff of underhanded programming skills - we want Bitcoin to be well-specified. Otherwise, we're clearly in for a bumpy ride
887.
Post 6024995 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
Guys did you read what Pieter Wuille Bitcoin dev wrote ? I have no intention to make any fud but Bitcoin generation maybe not limited to 21 million as sopposed to be, they still dont know how the client will behave when they reach the last Block reward, and they think it will start over from 50 BTC....
https://github.com/bitcoin/bips/blob/master/bip-0042.mediawikiAlthough it is widely believed that Satoshi was an inflation-hating goldbug he never said this, and in fact programmed Bitcoin's money supply to grow indefinitely, forever. He modeled the monetary supply as 4 gold mines being discovered per mibillenium (1024 years), with equal intervals between them, each one being depleted over the course of 140 years.
This poses obvious problems, however. Prominent among them is the discussion on what to call 1 billion Bitcoin, which symbol color to use for it, and when wallet clients should switch to it by default.
To combat this, this document proposes a controversial change: making Bitcoin's monetary supply finite.
Details
As is well known, Satoshi was a master programmer whose knowledge of C++ was surpassed only by his knowledge of Japanese culture. The code below:
int64_t nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks
// which will occur approximately every 4 years.
nSubsidy >>= (nHeight / 210000);
is carefully written to rely on undefined behaviour in the C++ specification - perhaps so it can be hardware accelerated in future.
The block number is divided by 210000 (the "apparent" subsidy halving interval in blocks), and the result is used as input for a binary shift, applied to the original payout (50 BTC), expressed in base units. Thanks to the new-goldmine interval being exactly 64 times the halving interval, and 64 being the size in bits of the currency datatype, the cycle repeats itself every 64 halvings on all currently supported platforms.
Despite the nice showoff of underhanded programming skills - we want Bitcoin to be well-specified. Otherwise, we're clearly in for a bumpy ride
MOTHER OF ALL FUD! HOLY SHIT! WE MIGHT SEE 0.0001$
shame on you mmitech for spreading fud
if this isn't completely made up FUD, at most this is a bug, one the dev caught 32 years b4 it would become a problem, devs will fix it and you will upgrade
fonzie go take a chill pill.
come on for god sake, it is screaming Aprils fool, so all of you can fool around and I cant ?
888.
Post 6025205 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
for the people who didnt get the Devs Joke, I didnt copy that because I thought some will read the Github post, but I think most of people here spend full time only on speculation so here :
CompatibilityGiven the moderate time frame over which this change is to be implemented,
we expect all miners to choose to screw themselves and deploy this change before 2214.
If they don't, and a minority remains on the old code base, a fork may occur. Essentially, they'll be mining fool's gold after that time. also
Hi all,
I understand this is a controversial proposal, but bear with me please.
I believe we cannot accept the current subsidy schedule anymore, so I
wrote a small draft BIP with a proposal to turn Bitcoin into a
limited-supply currency.
Dogecoin has already shown how easy such
changes are, so I consider this a worthwhile idea to be explored.The text can be found here:
https://gist.github.com/sipa/9920696Please comment!
Thanks,
--
Pieter
889.
Post 6034888 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.31h):
I think people are trading/selling because of fear, only a small fart from China is needed to bring the price down, I am getting sick of watching the price, I think people will still panic because of the uncertainty, no matter what others will tell them....
it is just humans being humans, I will guess that we will trade in a down trend waves through mid-end of April, just then people get confidence back, unless some official statement from the central bank from china will be released.... what will be the low? I have no idea!!! looking at market sentiment I would say we will go lower than 400....
890.
Post 6037413 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
looking at Bitstamp's volume, around 27K.... still not impressive, I am afraid that we are going even lower, lower than $380....
891.
Post 6037542 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
This day would have been perfect if I just woke up to have a piss like I usually do each morning
use a Bitcoin price alarm, it is annoying but I find it useful
892.
Post 6037744 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
I've just mistakenly put an order at 6.15$ on btc-e, is that a sign?
LTC ? well $8 seems really possible, $6.5 seems like a real long shot, but you never know, LTC go extremely both ways up/down.
893.
Post 6038134 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
Volume is still really low, 30K on stamp is nothing, add to this the small number of instant buy orders VS the huge amount of instant sell orders, this is all yelling for a just starting crash, if I have to guess I would say $300-350 is the new bottom...
894.
Post 6038659 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
A piece of advice for all you newbies out there. Whether you possess BTC0.001 or BTC1,000; there's only ONE perfect moment which you should sell your BTCs:
NEVER.
Cheers.
Except that you have been shouting about the same thing at 1100,1000,900,800,700,600,500, and now, and allways call the moon, you should change your address to "to da moon"
why would any newbie listen to you ?
895.
Post 6042752 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
a post few pages back reminded me of a question, so what are some of the wrong reasons to get into Bitcoin ?
because I saw many people trashing members who want to make profit, I am not here to see my investment going to 0 and I am 90% (10% experimenting) into Bitcoin to see my investment go up.... the difference is as a speculator, I additionally do work around Bitcoin and search ways to improve it, I even quit my job to find out what best I can do to help the infrastructure and by that, I Indirectly give a bump to my investment (and yours).
Profiting is the Biggest factor that will help boost adoption, now greed is something to worry about, some members has to stop being fanatics, use common sense and work smart (not hard but smart) and you will succeed in everything you do.
another reminder, think about this, for Bitcoin to succeed, the Price has to go really high, think of a 1 million dollars, otherwise, simply the payment network wouldn't work when it is widely used, let me explain:
imagine that Bitcoin went mainstream, and lets imagine that there is only 20 user around the world who wants to make a transaction of an average of $100K (ignore all other transactions and hoarded coins), now if Bitcoin is worth $10 how hard the transaction of $2M will it be ? let me tell you, really hard...they would need 200K
BTC and we are talking about only 20 users, now if we compare that to VISA or Master card networks that make thousands of transactions a second, Bitcoin would fail as a payment network and wouldn't be able to compete with them.
dont worry, Visa and Master card are purely payment processors, and Bitcoin is more than that, "currency" (not yet legally defined yet) is only one application of the network, so a Bitcoin holder have more options than VISA card holder (yay like no one knew), what does that mean? so more users means Bitcoin's price have to go up (more profit), and this is by design. unlike VISA when more users means more money for the Company and less for the users...
it sounded like a ponzi scheme ? or a pyramid ? well nope, because no one is promising anyone anything, and because anyone comes in today will profit and all comers will profit, it just have to keep going to the point where is no last one ( you know what that means)...
I know this is off-topic, but just something worth mentioning, when the price is going down and you fell weak think about what I wrote.....I think I will write a longer detailed post in my blog about this
896.
Post 6043540 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
Confirmed!
Will the price get lower the higher i get?
try it out and let us know about the results
897.
Post 6044199 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
no bulltrap? Huobi slippin
yet there's a lot less ask's then there are bids, but they keep dumping. strange.
chinese exchanges might dip pretty low, for a moment, but stamps
will not follow, then all chinese exchanges should start to see demarictly less volume, and have price stabilize near stamps price.
thats my best guess
I don't agree with you, the price will crash and I am afraid to confess that I wish if it does ASAP, the soonest it does the soonest we can clear things out and go forward, until then we are just playing a painful game.
898.
Post 6044292 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
WOW huobi just broke 400.....
899.
Post 6044340 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
if 400 breaks on Stamp than 300 is more than possible because all the support is down to 400, otherwise 300 looks so weak...
900.
Post 6044363 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
if 420 holds on stamp I remain fearless of the bears.. I think they should be trying harder to break that number.
amen! try harder bears!
if you get it down to 300, i might get scared and dump at market.
Bears? I am one of the hardcore bulls, but if you don't see it you need a doctor.
901.
Post 6044378 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
i see a green candle on the 15min chart. i'm new to this but that means trend reversal right lads?
yes on we get 50 reversal a day on the 15 min chart
902.
Post 6050365 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...
903.
Post 6050753 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...
You think or you hope?
I think and I hope
who am I kidding? you will be crying later anyways, and I will be making money....
904.
Post 6051156 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
and it was only about time that huobi said something
http://www.huobi.com/news/index.php?a=show_notice&id=286Red candles incoming...
translation that makes sense. ("Fire Coin" refers to Huobi)
Distinguished fire coin network users:
About online rumors "4.15" incident, fire-coin network has been active in efforts to communicate with relevant departments, it is regrettable that so far, we have no specific information, nor will give investors an accurate answer, apologize.
Yesterday, several coins trading platforms have issued a short notice that there would be no point recharge card or bank transfer. We also saw in the Twitter and other sources, a lot of coin investors and our friends in the media are very concerned about the fire side of network news, first of all, we would like to thank all our friends to fire attention and support of the network of currency, then we fire-coin network business and the finance sector in funding channel access to the latest information (as 2014.4.3 16:00) made a detailed report on:
Fire-coin network colleagues in the business and Finance Department today and point card distributors and cooperation conducted phone banks, related as follows:
A, point card distributors: 1) four third party payment companies to cooperate, there's a phone tip risk, the other three for the time being there is no feedback issues; 2) prompted the risk of third party payment companies, has not received a new notification, made to the point card distributors risk because of being reported, led calls for strict execution on December 5 last year, five ministries and commissions release the notice of the risk on the prevention of the bitcoin.
Second, the Bank: 1) industry, agriculture, construction, four lines of fire money net branch to open an account in the last 3 months are not receiving notifications; 2) for April 15, saying they were obtained from the media; 3) they were unable to determine the authenticity of the message.
Coin above the fire gathered by the network of current information, this information is first-hand, and is an objective description, does not make any inference and speculation. Fire CAD information network platform information and other announcements are not exactly the same, may be caused by differences in geographical as well as service providers, as to why different regions with different service providers may have different policies, is not known.
Based on the above information, taking into account the uncertainty of current industry policies, after consultation with the point card distributors, fire-coin network will be officially closed on April 5, 2014, at 0 o'clock card. At the same time, currency net bank transfer charge of fire service is 7*24 hours manual processing, make sure that the user fast recharge. In addition, the coin of fire net withdrawal of RMB business is not affected, bitcoin recharge, Leyte currency are not affected.
Finally, the coin of fire NET declares:
Because the domestic industry policy uncertainty, bitcoin trading volatile, users are desperately hoping to get their desired information. Users want platform for short message is bad, once good will usher in scolding the sound or vice versa. In this regard, the coin of fire NET Disclaimer: coin of fire NET, air never represented more than the interests of any party, announcement or information are ahead, open, objective and stand the test of time, the majority of users monitoring.
905.
Post 6051230 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
Where can I trade Fire Coin / BTC?
fire coin is the name of the company that operates Huobi...
906.
Post 6051325 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
ops, sorry I didn't see the news before, I woke up a couple of hours ago anyway.....
907.
Post 6051385 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
I don't understand that google translate of huobi news. It surely doesn't mean they're closing the doors?
it was Bing translate, I tried Google and it is worse than this one
I don't understand either, well I guess we will see on the 5th of April what will happen.
908.
Post 6052523 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
it is going to be a real painful month, I still insist the sooner this thing get sorted the better it is, most of people try to deny the fact that we were going down since the ATH in November and they call every small uptrend a reversal, well it is not, we are going down to a new low after the ATH and we were going down since November in waves, once we reach a bottom we will stay there for a couple of weeks, so I am sure no one will miss buying.
only then we can say OK it is a time for a reversal reversal.
909.
Post 6054138 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
so who didn't know that there will be a short upside? (bull trap) we trade on waves, pigs will be losing money now by jumping in and out and in and out and all over again, till they are all out of money then they will claim that Bitcoin is a scam hahahaha
910.
Post 6055447 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
So... are we still in a bull trap or will this go to the moon already?
Next 8h~ will tell, wonder how 4h macD will form
Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!
Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.
Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)
MACD is a lagging indicator, it helps understanding the market direction, it works but not all of the time...
911.
Post 6055558 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.32h):
So... are we still in a bull trap or will this go to the moon already?
Next 8h~ will tell, wonder how 4h macD will form
Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!
Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.
Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)
MACD is a lagging indicator, it helps understanding the market direction, it works but not all of the time...
Not all of the time. Right. It's about as reliable as throwing a dice.
well, I can prove that I made good profits out of that MACD so it is certainly incomparable to gambling...
Edit: BTW, are you holding since April last year? that must hurt right ?
912.
Post 6069167 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
hhaha watching bitstamp's engine is really amazing, when a guy buy 400+
BTC instantly and the other do sell the same instantly..... 2 guys are fighting there
913.
Post 6071559 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Fundamental indicators? number of transactions has turned south for the first time since December.
That happened in June-July 2013 too. Not sure if still dropping or not though
Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:
But the worst of all is the estimated USD transaction volume:
yes, I think Litecoin is taking some of the lost Bitcoin transactions, I am watching over the last few months and it has been growing every day, even the trading volume beats Bitcoin's one
914.
Post 6071661 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Fundamental indicators? number of transactions has turned south for the first time since December.
That happened in June-July 2013 too. Not sure if still dropping or not though
Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:
But the worst of all is the estimated USD transaction volume:
yes, I think Litecoin is taking some of the lost Bitcoin transactions, I am watching over the last few months and it has been growing every day, even the trading volume beats Bitcoin's one
True, but I've also noticed that Litecoin is getting worth less compared to Bitcoin. It used to be around 0.027 all the time, now it's more like 0.025 (barely). As a holder of Litecoins, this does worry me to some extent. I feel tempted to just take my losses (I'm down about 20%), but at the same time I have a very 'fuck it' attitude and therefore I'm gonna wait until after the 15th of April. Let's see what the future brings. If it starts rising significantly again, or even better, if the much cheaper Litecoin decouples from the chains of Bitcoin, then I might hold on to my Litecoins. If that change isn't coming, then I'll try to cash out at the best moment possible.
Litecoin price always lags against Bitcoin's price (when going up), I also hold more value in Litecoin than in Bitcoin, but I am not going to cash out anything now, especially that ASICs are hitting the network and the adoption rate is accelerating in unbelievable way.
if I am going to cash any Litecoin it will be around mid-end year ...
915.
Post 6072930 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
see why I am starting to hate the whole scene, please Bitcoin do it already.... drop or rise so we can have some peace...
916.
Post 6072983 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Adam you have a power that you are not using wisely, the poll over there if used correctly with some good questions could be really helpful with understanding many things about Bitcoin speculators, people pay real money to use that data, but there you go posting hodl and buy buy buy and sell sell.....
try to use it wisely, if not for your self than for others...
917.
Post 6075994 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
to be honest, I am at a point where I am not sure anymore if to be a bull or a bear.... the market is just confusing me, the thin order book and the tiny actions going on makes the possibility of going up or going down almost the same... so if you know more beat me to it.
918.
Post 6076340 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
I think Bitcoin spoiled most of us, you all want Bitcoin to go to $5000 in a couple of days and you want it to keep going up all the time non stop without correcting. some of you are familiar with stock markets and investment schemes in general, can you point an investment that paid off the same way Bitcoin did the last 5 years ? at least point me to any stock out there that is that volatile which allow traders to make huge profits the same way we do with Bitcoin?
well, I dont think so, and wait when wall street joins, we will see about this volatility and the trading opportunities, complaining much about market manipulation and insider trading ? wallstreet will show you waht is the real of that, they will fuck us all the way up and down, we will all learn just to hold if we are lucky
919.
Post 6082974 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
where are the weekend dumps?
920.
Post 6083849 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
I love how this thread go quiet on weekends but the soon there is a price action all users jump in and start writing pages of new posts in a matter of few minutes... "CCMF" or "I see blood on streets" pictures of asses and trains and moons; to the point that you cant keep up with posts.
now back to topic, the market is very calm, Bitstamp is showing 6KBTC volume, hardly any trade is happening, it feels like the calm before the storm, what direction will it be ? although Adam's poll show about 38.8% of speculators that think the price will be around $450, what this means to me (if I can change this numbers to words) is most of voters didn't yet sell or buy and the majority is holding...
Nice, if I have to predict anything ( prediction pulled out of my ass), not that I have any knowledge especially when the market is this calm, and just by looking to the Bid sum, any smart "whale" wouldn't buy of this thin ASK book order ... I mean 20K to $1000 !!! I know that most people doesn't keep coins on exchanges and the soon there will be an action many traders will be sending the coins there and dumping. but I have a theory, if I was a big whale and thought about buying a large sums of BTC, one way I would take is to dump and trigger panic so people would 1) either dump in to my walls 2) start building the sell orders so I can later buy into them.
So my theory is, in order that Bitcoin rise it has to go down first, and we've seen that happen all the time, so based on all the above, I say the price will drop before we go up.
921.
Post 6084122 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
pathetic volume is what i want to see right now....
bitcoin market is 24/7 its nice to have some periods with less action... theres nothing wrong with not dumping a shit ton of fiat or btc right now.
nothing is gonna happen in 2 hours, because of some imagine triangle.
go have a life poeple, nothing to see here.
Adam, ok lets start with you first
922.
Post 6084137 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
I love how this thread go quiet on weekends but the soon there is a price action all users jump in and start writing pages of new posts in a matter of few minutes... "CCMF" or "I see blood on streets" pictures of asses and trains and moons; to the point that you cant keep up with posts.
now back to topic, the market is very calm, Bitstamp is showing 6KBTC volume, hardly any trade is happening, it feels like the calm before the storm, what direction will it be ? although Adam's poll show about 38.8% of speculators that think the price will be around $450, what this means to me (if I can change this numbers to words) is most of voters didn't yet sell or buy and the majority is holding...
Nice, if I have to predict anything ( prediction pulled out of my ass), not that I have any knowledge especially when the market is this calm, and just by looking to the Bid sum, any smart "whale" wouldn't buy of this thin ASK book order ... I mean 20K to $1000 !!! I know that most people doesn't keep coins on exchanges and the soon there will be an action many traders will be sending the coins there and dumping. but I have a theory, if I was a big whale and thought about buying a large sums of BTC, one way I would take is to dump and trigger panic so people would 1) either dump in to my walls 2) start building the sell orders so I can later buy into them.
So my theory is, in order that Bitcoin rise it has to go down first, and we've seen that happen all the time, so based on all the above, I say the price will drop before we go up.
The price has already dropped from 1200 to 400... What do you expect? A drop to the 200? 100? 10? Do you know how many Bitcoins where for sale only on Gox the las april buble? I can tell you... Almost 300000... How many are now for sale at stamp? 40000? This only data is enought to see that the next bubble whould be of epic proportions, there's just not enought btc for all.
Now when you see that ultrabulls are turning bears you know its time to buy back.
when did you buy your first Bitcoin, I mean at what price ?
923.
Post 6084159 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Also, some of you think that I have open orders to buy in, well I have no orders and I am not buying neither am selling, at the moment I am playing around with some LTC... so here you have it.
924.
Post 6084227 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Also, some of you think that I have open orders to buy in, well I have no orders and I am not buying neither am selling, at the moment I am playing around with some LTC... so here you have it.
So are u holding dollas or coins?
both
except FIAT (not dollars Euros) are in my bank account, and I have some FIAT on BTC-e to buy some LTC but I still don't think that is the right time
925.
Post 6085206 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Also, some of you think that I have open orders to buy in, well I have no orders and I am not buying neither am selling, at the moment I am playing around with some LTC... so here you have it.
LTC/BTC looks attractive at the moment on BTCe?
Is this a question for a financial opinion ? well, if you think it is good buy but if my opinion matters to you, then I can tell you that if LTC will behave to BTC moves then if the price goes up, you will have the same LTC, if the price goes down and you will still have the same LTC, LTC/BTC is not a so good trading option, it is only good if you think that LTC will outcome BTC trend and behave differently at a time when Bitcoin is going up/down... it does happen but not very often.
926.
Post 6086369 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Walls on Huobi getting pulled...
phantom walls, it was proven that they are faking volume, there is no walls there just BS
927.
Post 6086831 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Bitstamp volume: 5100BTC I wont even mention other exchanges because they have even shameful volumes...
928.
Post 6087077 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
No, i am 27, why?
Because you probably didn't see the big picture of bitcoin and the financial world. You were probably just in it for a quick buck and bought into the hype. Too bad you did get burnt, but i tell you this is a time to buy not to sell.
I am here for the buck as well
well 80% for the buck 10% for experimenting and 10% for the sake of this innovation.... you would be delusional if you would think that I would invest my money knowing that I will lose it.
some of you needs to stop being fanatics and grow up.
Edit: and don't fucking tell me "you are greedy, you don't believe in bitcoin you....." because I resigned my fucking job for this sake...
929.
Post 6094889 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Gentlemen, let me spell it out for you: If you market buy into this fool's rally, I will take your money. I didn't put my life savings into the riskiest investment in the world three years ago to have a bunch of johnny-come-latelys hop on the gravy train at the last minute and ride for free. Put in lower bids, help me defend the $400 wall and earn the right to be bitcoiners. You'll save money, and I won't have to dump the coins I bought for $10 on your heads.
my eyes hearts because of reading your posts lately....
930.
Post 6096897 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
anyone here trades on bitfinex? what is the overall experience there ? are they trustworthy ?
they say that they are in Beta, so where are they located and do we know the owners....to be honest, I was trading Litecoin exclusively on BTC-e, but I don't feel comfortable with leaving my funds there for more than a couple of hours, I get really nervous, I missed many opportunities because of that... now I am considering to move to Bitfinex for the time being until bitstamp adds Litecoin.
I only need to trade LTC/USD and vice-versa without the need to withdraw Fiat, so do I need to be verified ?
931.
Post 6101392 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
people, it is about time to stop trusting huobi moves and book order, remember last time when someone dumped Litecoin all the way to 1 RMB ? this is what is called phantom orders; you can see them on the book order but once you initiate a market sell order you get fucked, it is just then when you find out that you were selling to a very thin bookoreder.
also note that all trades are exaggerated, many trades happen at once, I've never seen only one trade getting executed, it has to always few trades at once, even at the slowest days when there is no volume in other exchanges at all, Huobi somehow have the biggest volume.
and BTW, the 0% fee trick is just a cover, and it is not just Huobi, also OKcoin, FXBTC, the only Chinese exchange that I would trust is BTCChina, their volume seems realistic,
932.
Post 6101437 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.33h):
Bobby Lee, BTC-China CEO, says that most of the Chinese volume is faked.
In November/December, before the PBoC decrees, he had 50-100 kBTC/day, almost the same daily volume in BTC that Huobi has now (and maybe more, if counted in USD or CNY). Was he faking it then?
Bitstamp had about the same volume, forget about December/November.... because at that rally all exchanges had huge volume even the new small ones.
933.
Post 6108947 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.34h):
one thing is certain, people are not selling in big quantities and the ASK bookorder looks really thin.
934.
Post 6156352 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
I think I am getting greedy, I just sent some of my savings to Bitstamp, if the price will drop more I will risk and add some more coins to my stash, I have mixed feelings about this as I don't know what is the point of growing my stash at this point.
935.
Post 6157768 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
and it is gone....
936.
Post 6162132 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
Who still remembers 2010?
..Bitcoin price crashed intraday from $0.444 to as low as $0.383 before recovering to $0.40.
6 months later:
Price rose from $7 to $32 in a week.
Just add 3 zeros and relax.
your first prediction of flash crash to 400 was right but your second prediction on the reversal was and is wrong, you have been calling a reversal from 550 all the way down to $400, sadly we broke that 400.
now there is 2 scary facts, China is really closing accounts on the 15th of April and this is confirmed, now Australia will be closing all Bitcoin business related accounts on the 2nd of may; now it is unclear for me how there is a chance of a reversal !! till then, I don't know if we reached the bottom yet...
937.
Post 6164375 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
Whole Bitstamp's Bid order book is around 7 Million or cirka 31K
BTC deep....well that is just worrying
938.
Post 6164536 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
Miners are screwed, it is like 450 wasnt enough unprofitable, now they have to deal with 350
939.
Post 6164640 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
where is the physic teacher, the one from Greece who always shout and yell and write with big red font to "hodl", he has been doing it from $1000 all the way down, and he has been trashing all traders....
940.
Post 6164920 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl...
941.
Post 6164957 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
long time lurker.
first post here ever.
starting to enjoy the panic :-)
nice choice of the first post on this sub-forum and exactly this thread!! where are the naked ladies and double and triple bottoms ? you are doing it wrong
942.
Post 6164974 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl...
It's falling more slowly than btc in last hour or two.
I had open orders at 7.5 and 7, but I couldn't resist the madness and bought at 8.2, fuck that $0.5, I am holding all the way up to $100
943.
Post 6164982 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl...
Sidechains don't worry you at all?
call me when it is all over. I know what I am doing... give the advice to some other noob.
944.
Post 6164996 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl...
why would you hedge in to an altcoin with sidechain discussion mounting during a crash?
Ok, quote me on this
you will find out later how good this decision was
945.
Post 6165465 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
if we go below 300, I declare that we are breaking the previous ATH...
946.
Post 6165502 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.35h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
947.
Post 6165615 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
you're still referencing gox eh?... and no I didn't mistunderstand anything, I think you misunderstand bitcoin markets.
either way enjoy all those LTC you think are going to 100.
no problem, I will make sure to do so
948.
Post 6165728 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
you're still referencing gox eh?... and no I didn't mistunderstand anything, I think you misunderstand bitcoin markets.
either way enjoy all those LTC you think are going to 100.
no problem, I will make sure to do so
Eh Slovenac, nemoj me zajebavat
5k Bitcoin is gamble but 100$ LTC is not?
eh bosanac, znaš kolk je sat? a ništa ne spavaš ?
BTW alžirac sem ja
vidi sliko, dže si vidu slovenca na kamel ?
and I do believe that it will surpass 5K, I just don't do bets, it is a principal that I try to respect and it has nothing to do with me not believing the price wouldn't go that high
949.
Post 6165757 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
you're still referencing gox eh?... and no I didn't mistunderstand anything, I think you misunderstand bitcoin markets.
either way enjoy all those LTC you think are going to 100.
no problem, I will make sure to do so
Eh Slovenac, nemoj me zajebavat
5k Bitcoin is gamble but 100$ LTC is not?
eh bosanac, znaš kolk je sat? a ništa ne spavaš ?
BTW alžirac sem ja
and I do believe that it will surpass 5K, I just don't do bets, it is a principal that I try to respect and it has nothing with me not believing the price wouldn't go that high
buying the ltc.. and saying its going to 100.. is making a bet of sorts.. did you guys discuss a side bet in your native tongue or did I miss something...I do admit to being pretty slow.
so me predicting that LTC will rach 100 is a bet but if I say BTC will reach 5k is not a bet... get out of here ...
950.
Post 6165779 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
you're still referencing gox eh?... and no I didn't mistunderstand anything, I think you misunderstand bitcoin markets.
either way enjoy all those LTC you think are going to 100.
no problem, I will make sure to do so
Eh Slovenac, nemoj me zajebavat
5k Bitcoin is gamble but 100$ LTC is not?
eh bosanac, znaš kolk je sat? a ništa ne spavaš ?
BTW alžirac sem ja
vidi sliko, dže si vidu slovenca na kamel ?
and I do believe that it will surpass 5K, I just don't do bets, it is a principal that I try to respect and it has nothing with me not believing the price wouldn't go that high
Alžirac? ما شاء الله
الآن سنبدأ الكتابة العربية، لا توجد مشكلة، اهلا وسهلا بكم
951.
Post 6165793 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
you're still referencing gox eh?... and no I didn't mistunderstand anything, I think you misunderstand bitcoin markets.
either way enjoy all those LTC you think are going to 100.
no problem, I will make sure to do so
Eh Slovenac, nemoj me zajebavat
5k Bitcoin is gamble but 100$ LTC is not?
eh bosanac, znaš kolk je sat? a ništa ne spavaš ?
BTW alžirac sem ja
vidi sliko, dže si vidu slovenca na kamel ?
and I do believe that it will surpass 5K, I just don't do bets, it is a principal that I try to respect and it has nothing with me not believing the price wouldn't go that high
Alžirac? ما شاء الله
الآن سنبدأ الكتابة العربية، لا توجد مشكلة، اهلا وسهلا بكم
Not that good in Arabic though
threw some BTC at me and I can teach you
952.
Post 6165873 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
if we go below 300, I declare that we are breaking the previous ATH...
5k next dec cool with you?
maybe you misunderstood, the previous ATH was $266
and I don't gamble
you're still referencing gox eh?... and no I didn't mistunderstand anything, I think you misunderstand bitcoin markets.
either way enjoy all those LTC you think are going to 100.
no problem, I will make sure to do so
Eh Slovenac, nemoj me zajebavat
5k Bitcoin is gamble but 100$ LTC is not?
eh bosanac, znaš kolk je sat? a ništa ne spavaš ?
BTW alžirac sem ja
vidi sliko, dže si vidu slovenca na kamel ?
and I do believe that it will surpass 5K, I just don't do bets, it is a principal that I try to respect and it has nothing with me not believing the price wouldn't go that high
Alžirac? ما شاء الله
الآن سنبدأ الكتابة العربية، لا توجد مشكلة، اهلا وسهلا بكم
Not that good in Arabic though
threw some BTC at me and I can teach you
Wouldn't hesitate a single bit if my mind would be able to learn such a task these days, I'd love to be able to speak Arabic. I can read it well (with punctuation though, not without it) but to understand, not really, beside few dozens main words from Qur'an and so..
yes most Bosnian I met here in Slovenia know a bit of Arabic by just reading Quran, but they don't understand much when you start talking.... not a Problem, I do speak 4 languages actively and I also understand some Serbo-Croatian but I don't know how to speak it or write it yet.
953.
Post 6165990 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
Im telling this now , bitcoin price in a few month 2-8 will be enourmous , everyone must understand , bitcoin is new . About the 2% of the world population knows that it exists , and from that 2% the 10% knows how it works. You must give time to the people to understand that it is best for us all.
oh, we didn't know that, it just happens that we are traders and we like the volatility, that's all, otherwise we love Bitcoin
954.
Post 6166091 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
Im telling this now , bitcoin price in a few month 2-8 will be enourmous , everyone must understand , bitcoin is new . About the 2% of the world population knows that it exists , and from that 2% the 10% knows how it works. You must give time to the people to understand that it is best for us all.
oh, we didn't know that, it just happens that we are traders and we like the volatility, that's all, otherwise we love Bitcoin
ill give you the LTC is strong on it pump right now lol
I can give you more than that, but I don't bet..... later you will look at that price and say cheap fucking Litecoin.
955.
Post 6171736 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
Good morning guys, yesterday (today) I was up till 5:00 Europe time (GMT+2), didnt sleep the whole night, I couldnt resist watching what was happening, I had price alarms going off, they kept waking me up and I had to turn my phone off but when I woke I was a bit surprised.
I still dont know how the hell we bounced back this fast, I need to finish my cofee and smoke a couple of cigarets first. then I can read up forward
956.
Post 6171953 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
Bitstamp stuff are behaving a little bit strange :
https://twitter.com/Bitstamp/status/454601576007864320
mmmm so Why ? they never did that before !!!
957.
Post 6172142 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong.
At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp.
also all your statements are anti-Bitstamp... so I wouldn't take this statement seriously
no harsh feelings
958.
Post 6172182 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
Sorry, forgot where I was posting. Yes, there is absolutely no problem with this; it's not at all indicative of possible disintegrity on behalf of your broker. Never mind.
there you go
now I like you
959.
Post 6172274 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong.
At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp.
I agree. This is unprofessional.
what is unprofessional.. the fact that China's news was used by manipulators to spread fear mongering and failed miserably?
This has nothing to do with China news. It has to do with Bitstamp implying investment advice, and how that is unprofessional. In the real world, it would even be illegal. Imagine what would happen if a stock exchange started telling its customers to buy a stock.
HOWS is THIS INVESTMENT ADVICE? I've heard to the moon more often as joke from bears to kid at us now .. man you guys and girls take some shit so serious while just avoiding everything else of a similar nature which is actual fraud and manipulation LOOOOL enjoy being thumb suckers.
these are the people who didn't buy back and still wish to see 100$ Bitcoin again.... I wouldn't waste my time and argue too much with them
960.
Post 6174367 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
on the shadow of the latest PBOC released statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
961.
Post 6174394 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
Who is this someone ?
a person ?
962.
Post 6174408 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
What do you mean by loading up?
buying
963.
Post 6174416 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
964.
Post 6196739 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.36h):
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong.
At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp.
You can bet your hat there was a huge amount of "insider trading" on Gox, and that currently that's happening on Bitstamp too.
Do not forget people running those service are a bunch of amateurs (at best), which are not compliant with current financial regulations - to operate as an exchange in the EU you need to have a banking license, in most of the US states you need to be registered as a MSB, etc. - Bitstamp is operating with a SINGLE corporate account where they mix all customers funds, and probably their own too. Taking deposits without a banking license is illegal in the EU, and it is also very dangerous for the customers: if ONE Bitstamp customer is investigated the relevant authority will have no other option that to freeze the ONLY bank account Bitstamp has, de facto screwing up all their customers. That wouldn't happen if they were compliant and thus acting as a bank, setting up a separate fiat account for each one of their customers.
From a legal point of view, currently Bitstamp is the sole owner of the corporate account in which customers are depositing their trading funds, which is very bad for their customers and totally non-compliant, as customers are not exchanging their money for a service but DEPOSITING it in order to trade with each other.
You can bet Bitstamp knows this very well, and yet they continue to operate because the risk is worth it - you can bet they are ready to take other kinds of risks too as per "insider trading".
That said, while operating an exchange without a banking license (or a banking partner providing that license as Fidor Bank does for bitcoin.de, which from a legal POV is just a tied agent of Fidor) is illegal/non-compliant in the EU, Bitstamp is not giving a shit about that fact risking all their customer funds to LE or regulators, I bet the apply the same standard for other dangerous practices.
We are still in the wild west, folks... But probably not for too long.
how does Forex and stock exchanges works ?
965.
Post 6197723 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
who ever is dumping is really funny, assuming that they are a couple of guys, why dump 100BTC at a time repeatedly when you can dump them all at once... maybe testing the reaction of people ? trying to set off panic mode ?
I don't usually give advice, but at this point it is really risky to be selling to try to catch a bottom.
966.
Post 6215262 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
How can you say there is 0% chance of below 200? That is ridiculous. There is no such thing as 0% chance. What if tomorrow,
1. U.S. bans bitcoin
2. A flaw is found in the code
3. EC or SHA256 is broken
4. The existing exchanges shut down due to fraud or seizure.
5. Someone randomly decides to dump 30KBTC at market on bitstamp.
6. The economy melts down
sub 1% total. 6 is not a case. in a meltdown btc will only correlate weakly.
"sub 1%" chance for Bitstamp going belly up because Unicredit suddenly pulls the plug, and prices plunging as a result (even if just for a flash crash from which we immediately recover)?
That's an awfully optimistic stance (and I say that as an active trader on stamp).
EDIT: in case this isn't clear from the above, and lest I be accused of "bear FUD"... there's nothing wrong with Unicredit and Bitstamp right now, to my knowledge. Don't panic. I just consider the entire banking/exchange situation to be somewhat fragile, so in my mind, there's a > 1% chance that things can go sour without much warning.
The local unicredit Branch employees are Bitcoin bulls, I know few of them personally, but this doesn't represent the big picture of what Unicredit Bank as a corporate thinks about Bitcoin which is unknown for me...
967.
Post 6215525 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
How can you say there is 0% chance of below 200? That is ridiculous. There is no such thing as 0% chance. What if tomorrow,
1. U.S. bans bitcoin
2. A flaw is found in the code
3. EC or SHA256 is broken
4. The existing exchanges shut down due to fraud or seizure.
5. Someone randomly decides to dump 30KBTC at market on bitstamp.
6. The economy melts down
sub 1% total. 6 is not a case. in a meltdown btc will only correlate weakly.
"sub 1%" chance for Bitstamp going belly up because Unicredit suddenly pulls the plug, and prices plunging as a result (even if just for a flash crash from which we immediately recover)?
That's an awfully optimistic stance (and I say that as an active trader on stamp).
EDIT: in case this isn't clear from the above, and lest I be accused of "bear FUD"... there's nothing wrong with Unicredit and Bitstamp right now, to my knowledge. Don't panic. I just consider the entire banking/exchange situation to be somewhat fragile, so in my mind, there's a > 1% chance that things can go sour without much warning.
The local unicredit Branch employees are Bitcoin bulls, I know few of them personally, but this doesn't represent the big picture of what Unicredit Bank as a corporate thinks about Bitcoin which is unknown for me...
I'm sure they are, I suspect the Bitstamp account brings in quite a nice bit of revenue and fees.
But that's not the point, right? We were assigning probabilities to events, pulled out of our asses, but motivated by our experience and expectations. And my experience and expectation is that the banking interface is a fragile one, that could break. Not likely, so I personally don't see more than a, say, 5% chance that it happens, but "sub 1%" is another way of saying it's nigh impossible, and that I disagree with.
I agree, I was just pointing out that Banks are aware of Bitcoin, and when we say Banks we are not talking about computers and buildings but about people and employees running/working in these banks.
yet, I share the fear with many of you, if something somehow happen to an exchange's Banking account, basically only people who have funds there are fucked, but if anything happens to the bank (just look to the new EU Bank bailing road-map) than not only Exchanges are fucked but pretty much everyone living in EU and the ones who didn't even hear about Bitcoin will be the most effected.
if I summarize the situation, what is happening in the world right now doesn't look so promising, and having fiat sitting in your bank account is not safer than having Bitcoin sitting in your wallet, even when considering a scenario when an exchange like Bitstamp gets fucked up by its bank, the consequences will be temporary comparing with what could go wrong if something similar happens with the EU banking system.
968.
Post 6215890 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
How can you say there is 0% chance of below 200? That is ridiculous. There is no such thing as 0% chance. What if tomorrow,
1. U.S. bans bitcoin
2. A flaw is found in the code
3. EC or SHA256 is broken
4. The existing exchanges shut down due to fraud or seizure.
5. Someone randomly decides to dump 30KBTC at market on bitstamp.
6. The economy melts down
sub 1% total. 6 is not a case. in a meltdown btc will only correlate weakly.
"sub 1%" chance for Bitstamp going belly up because Unicredit suddenly pulls the plug, and prices plunging as a result (even if just for a flash crash from which we immediately recover)?
That's an awfully optimistic stance (and I say that as an active trader on stamp).
EDIT: in case this isn't clear from the above, and lest I be accused of "bear FUD"... there's nothing wrong with Unicredit and Bitstamp right now, to my knowledge. Don't panic. I just consider the entire banking/exchange situation to be somewhat fragile, so in my mind, there's a > 1% chance that things can go sour without much warning.
The local unicredit Branch employees are Bitcoin bulls, I know few of them personally, but this doesn't represent the big picture of what Unicredit Bank as a corporate thinks about Bitcoin which is unknown for me...
I'm sure they are, I suspect the Bitstamp account brings in quite a nice bit of revenue and fees.
But that's not the point, right? We were assigning probabilities to events, pulled out of our asses, but motivated by our experience and expectations. And my experience and expectation is that the banking interface is a fragile one, that could break. Not likely, so I personally don't see more than a, say, 5% chance that it happens, but "sub 1%" is another way of saying it's nigh impossible, and that I disagree with.
I agree, I was just pointing out that Banks are aware of Bitcoin, and when we say Banks we are not talking about computers and buildings but about people and employees running/working in these banks.
yet, I share the fear with many of you, if something somehow happen to an exchange's Banking account, basically only people who have funds there are fucked, but if anything happens to the bank (just look to the new EU Bank bailing road-map) than not only Exchanges are fucked but pretty much everyone living in EU and the ones who didn't even hear about Bitcoin will be the most effected.
if I summarize the situation, what is happening in the world right now doesn't look so promising, and having fiat sitting in your bank account is not safer than having Bitcoin sitting in your wallet, even when considering a scenario when an exchange like Bitstamp gets fucked up by its bank, the consequences will be temporary comparing with what could go wrong if something similar happens with the EU banking system.
The fact is that an exchange commingling all their customers funds in one single bank account is simply non-compliant, and even illegal in most of the EU.
Just check how brokers work: you need to open a bank account UNDER YOUR NAME on a certain bank, and give the broker an authorization to operate with your account for this or that purpose - but customers funds are never commingled, each customer has his own separate bank account.
Bitcoin exchanges (apart from B-C afaik) do not operate that way (not even Kraken), exposing customers to a huge risk. It just takes one rotten seed (eg, a drug dealer) operating in exchange X and the only option LE has is to freeze the full account - that's why you cannot take customers deposits* in the EU if you are not a bank.
*deposit = holding funds
on behalf of a third party - those funds are NOT legally yours, you are just holding them on behalf of your customer - that's what banks and only banks do.
I get the Idea of how brokers work, but an Exchange dealing with Bitcoin is simply acting an Escrow while brokers have a different business model than a Bitcoin exchange.
Stock exchanges are not designed for everyone, but Bitcoin is designed to be widely used for normal users who wont go through the hassle of opening an account and linking it to an exchange just to buy a bitcoin.
coinbase operates the same way as you described above, but coinbase without an exchanges like Bitstamp wont be possible, unless the adoption of Bitcoin by merchants and their daily transaction volume becomes equal to the need of users to buy/sell.
969.
Post 6228516 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
if we get to 600 in 48-72 hours then you will see the real panic buying
970.
Post 6229556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
LTC/BTC can't seem to keep up with this rally anymore.
Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?
The real differentiator for LTC was always scrypt ASIC resistance. Now that is utterly gone.
Possibly the proliferation of scrypt ASICs is damaging LTC.
Possibly the blackcoin pool is damaging LTC. After all, BC is catching a lot of GPU miners, and the goal and purpose of the pool is to destroy competitor's value.
investors doesn't give a shit about the mining algorithm or about block re-target and BTW ASICs are only good for the network security, Litecoin is the most successful and original alt and IMO investors are looking at it as an alternative market that can take off soon.
971.
Post 6229609 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.37h):
LTC/BTC can't seem to keep up with this rally anymore.
Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?
The real differentiator for LTC was always scrypt ASIC resistance. Now that is utterly gone.
Possibly the proliferation of scrypt ASICs is damaging LTC.
Possibly the blackcoin pool is damaging LTC. After all, BC is catching a lot of GPU miners, and the goal and purpose of the pool is to destroy competitor's value.
The true reason imho..
Scrypt coins are as good as dead. Their only reasons of existence was that they were asic resistance. Not true anymore. And there will be more and more multipools like BC to cash out value from scrypt coins.
the only reason they were ASIC resistant because it wasn't profitable to develop and tape-out an ASIC for them, today thanks to Litecoin this is possible, and IMO small Scrypt coins will die soon and Litecoin will get all the hashing power. an average mining farm could kill 90% of all existing scam coins.
972.
Post 6243447 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
I made so many bad decisions today it's not even funny. I can't fucking believe that I managed to lose some money on this drop to 340 and rise up instead of making a killing.
I'm in the same club. I took my principal away long time ago, but still! Almost half of my gains in coins since December have been wiped.
told you guys this is not safe to trade, we will be going up on waves till the end of this month then the price will be somehow stable for some time (couple of weeks).
and good morning
973.
Post 6244768 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Litecoin went from 14.17 to 13.1 in 5 minutes then back to 13.95.... talk about volatility and making profits....
my plan is to hold and not trade till the end of May
974.
Post 6245043 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
where is Adam BTW ? I didn't seem him around for days now.
975.
Post 6245121 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
don't you get tired of this shit ?
based on what I read on the media, China has been banning Bitcoin for 4 months now, yet no official statement from PBOC came out since December, and the last statement was few days ago which once again has confirmed that china wont ban Bitcoin......
976.
Post 6245363 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
each time Bitcoin price starts going up an article like that one popup, I find it really fishy, and fuck this shit, I am not trading this and I will be holding to my coins.....
good luck and see you in a couple of months.
977.
Post 6245936 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Mtgox fucked up, after the bankruptcy protection they are filling for liquidation, so I guess they couldnt get the lost 650K
BTC that they've thought it was recoverable....
http://www.reuters.com/article/2014/04/16/us-bitcoin-mtgox-idUSBREA3F09U20140416I guess this makes your Bitcoin more valuable....
978.
Post 6246187 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Ive never really sat and watched Huobis trades going through. My god that place is insane.
that place is fake...
979.
Post 6247635 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
I think you will be left behind over this one
980.
Post 6247807 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?
That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.
It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything.
If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.
Isnt that exactly the reason people get into crypto, because they have somthing to hide?
firstly, talk about your self, secondly, what are you hiding exactly or should I rephrase what do you think you are hiding ?
981.
Post 6247862 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
I've thought over my trading history and realize 80%-90% if my profits are all made during new-ATH rallies and the huge crashes afterwards. I perform very poorly during bear markets and consolidations, and make bank during the rally/crash conditions, doubling my coins exponentially every week. So I should probably just make a resolution to only trade during those short 2-3 month time periods and then leave whenever there is a bear market. Maybe I use the 1W MACD to determine this.
Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014.
Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom.
Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?
Bitstamp is not the police, they don't have the right to block or freeze your funds, they are protecting their asses and not yours, they are doing the casual checks when you reach a certain limit so when they ask you, just answer the question...because lets be honest, if they see something suspicious about your account activity they would report you right away..
982.
Post 6247892 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Yes, there is no upside to using bitcoins for whatever, besides tax evasion.
Hilarious, Im sure your trolling and if your not then you are beyond hope.
I think we can agree to disagree.
No we can't.
What planet are you living on.
they will bust his ass, and he will be sorry for even trying...
983.
Post 6248118 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.
It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.
In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???
By real I mean the article isn't a complete fabrication by a trader.
Seriously, just few days ago PBOC had a public conference and journalists asked about Bitcoin, and the governor said : "PBOC Won’t Ban Bitcoin " ..... I did notice that each time the price goes up an article popup about china banning Bitcoin, the one from today said that they will do it after one week, in December they said they will do it on new years then February, then in March they said the 15th April... come on people.... played me once, shame on you, played me twice shame on me...
http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/
984.
Post 6248268 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.38h):
Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.
It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.
In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???
By real I mean the article isn't a complete fabrication by a trader.
Seriously, just few days ago PBOC had a public conference and journalists asked about Bitcoin, and the governor said : "PBOC Won’t Ban Bitcoin " ..... I did notice that each time the price goes up an article popup about china banning Bitcoin, the one from today said that they will do it after one week, in December they said they will do it on new years then February, then in March they said the 15th April... come on people.... played me once, shame on you, played me twice shame on me...
http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/ This isn't about banning bitcoin. It's about segregating it from the fiat banking system. People are free to use the bitcoin technology but not pay an exchange with their bank account.
this refer to them being idiots, how people are going to use bitcoin if they are not able to buy and sell ? they said it is not considered a currency but a commodity and people are free to use it, and as any other stock exchange, people are going to use banks to make transactions...
it is clear IMO, banks are not allowed to offer Bitcoin services and also third payment processors, I thought this was clear and I really don't understand how can these people manipulate the market.... in the other hand I really want to know who is behind all of these articles...
someone on the litecoin forum wrote this :
....And we are almost back to where we started on the day before yesterday. It appears that the price spike is due to more news out of China. The PBOC released a statement that said that they didn't have any intention of banning BTC. I have some friends who are in the industry and work with a couple major Chinese Conglomerates. They have all said that the Chinese Government is loading up on BTC behind the scenes, while putting out more and more regulations for the masses. They will most likely back off on their regulations once they feel they have a large enough holding, and feel that they can control the market.
It is still the wild west out there, and market manipulation is running rampant.
985.
Post 6270864 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.39h):
that's funny, Chinese love manipulation..... it is about time that PBOC release a new statement to clear all the FUD and explain once again and clearly their position about Bitcoin and give a strict guidance to prevent manipulation...
986.
Post 6279971 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.39h):
I don't know if we will go lower than 450 (if we go lower at all), instead I think there might be a rally soon ...
987.
Post 6280583 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.39h):
Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly
Day traders are dedicated, I give them that much. I track major bubble movements and overall sentiments, but some stuff I read on here is from 24 hour chart watchers who seem to make decisions and start drawing lines with every $5 fluctuation in price. I could never do that. I just hope they are successful enough to make it worth their while, let alone not lose their shirt. Seems like a sad way to spend a majority of one's time, especially with nice weather on the horizon (here in Canada anyways, I am hoping).
Successful day traders provide a vital function. They are the liquidity providers, the decentral bankers of Bitcoin. They reduce volatility by profiting from it. They accomplish this without even intending to, by looking after their own interest.
I don't agree with your statement, inexperienced daily traders are causing the volatility, or should I call them "pigs" that jumps in and out without knowing what they are doing, a small price drop (5$) makes them sell and bring the price down and shout "Bitcoin IS DONE, IT IS THE END", then a small rise of 5$ makes them all buy back and yell "TO DA MOON".....
Why should Bitcoin go to wallstreet if wallstreet traders can make tons of money from such unregulated market with all these noobs around ? the moment Bitcoin hit Wall street they will lose this kind of game....take china as an example, anyone farts there the price crash, no new news, they use the same old thing to trigger panic and make tons of money.... I find it really hard to make money the last few months, I used to take a spot and stick to it when we didn't have these Chinese shit around, now it is impossible to predict a direction... because you know "you never know when the Chinese fart".
988.
Post 6336789 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.39h):
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.
Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
I think your 1 million
people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.
Litecoin is your answer
989.
Post 6420054 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.40h):
subject does NOT necessarily need to be complicated with odds and a whole lot of various ambiguous terms.
Now you are childish.
Poker players raise if they have 52/48 but not if it is 48/52.
I am calculating 90% odds for the certain outcome. If you think the odds are 95%, you should bet with me for +EV.
50% is obviously not same as 90%.
I am tired of writing to people who don't know about betting enough to justify opening their mouth but nevertheless do it.
So no bets here. The other thread will perhaps develop into a probability machine where you will always be able to check if your feeling corresponds with the majority, and bet with the ones who think the opposite.
I agree with you, the price is not going to "crash" to 400's level, however I can sense fear in your posts, I remember once you telling us that you don't do bets because it is illegal in your country and a past experience you had when someone reported you to authorities. but here you are now betting "again" I find it hard to believe or trust you anymore.
I can sense fear on this thread.....this will be my last post in this thread, I will still post in this forum occasionally if there is a need, but most likely not on the speculation forum....
good luck to all of you.
990.
Post 6434417 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.41h):
Without any prior introduction, I posted the following. Because no prior info was given, this must be treated as the sole expression of my wish:
Based on my research, I don't believe we will see 435 ever again (Bitstamp). If someone is willing to bet (I naturally expect much better than 1:1 for me), PM please.
Chart1 &
Chart2.
This is just the 2013-7-18 again. No looking back (when you least expect it).
Keywords:
- (implicit) in BTC
- (implicit) long duration at least 3 months (to adequately model "ever")
- trigger condition
breaching 435 - someone (anyone can take it!)
- send me
PM-
much better than 1:1 odds for meWindjc's proposal:
In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.
In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.
What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.
I think you will offer an
unreasonable bet so that you don't have to make one at all.
But let me know.
Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are
you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.
Lol. You didn't even make an offer. Why am I not surprised?
Since you are too chicken s***
to make a bet, here's one for you.
Bet $50k with of btc
Duration 30 days
If we hit 435 on Stamp and don't hit 500 I win.
If we hit 500 and not 435 you win
If we hit both or neither its a draw. And we both donate $1000 worth of btc each to charity.
Keywords:
- in USD
- short duration 30 days
- trigger condition
breaching 435 and
breaching 500, with both/neither considered a tie (windjc's estimation 90% this will end in a tie)
- aimed
for me only, with insult
-
public-
1:1 odds, with charity clause* *
EPILOGUE
It is difficult to read the thread because of so many posts, especially if you are of the type that never checks the sources and relies on people. But then you will also get the objectively wrong idea of what is happening. Here I wanted to have a nice private bet with anyone who thinks that breaking 435 is imminent and is willing to give me great odds for defending it. This windjc turned into a public challenge directed against me, with different terms in every 6 parameters that are important in a bet.
The bet itself seemed +EV for me so I decided to go on with it, but in the end there was not enough mutual agreement. As was perhaps the intention, windjc collected "fame" because I did not took his bet (why? do I also get points every time I propose things to people when it is not in their interest to comply?
).
In the meanwhile
nobody took my bet (the one which i would have unequivocally lost last night). Nobody was even interested. I had estimated that probability for 435 holding should be 10% in general public's eyes, but I thought it was 20%. So I would have taken 7:1 odds for me, and lost almost straight away.
you are full of shit, your mask just fell off, get the fuck out of here back to your thread.... I said I wont post here anymore but I cant resist your BS...
991.
Post 6434551 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.41h):
Rpietila
Grow some balls man. You've lost your bet. Otherwise you're just a pussy trying to find some lame excuse. Anyway, don't try too hard, who cares about internet reputation, right? I certainly don't
he is a bag full of shit, I thought I was wrong, but I was right all the time about him, he is what we call new to money, with an huge ego.... there is 4 kinds of a men:
-a smart who knows that he is smart, that's to follow
-an idiot who thinks he is smart, that's Risto
- a smart who doesn't know that he is smart, that's to wake up
- and idiot who knows that he is an idiot, that's to teach
I have enough of his ego and BS, he always say based on my calculations but he never shared his "calculations", you know that some of us are good at math, we could easily analyze his calculations, but because he pull his words out of his ass, and he gets sometimes lucky, the noobs worship him..... retards.
992.
Post 6434659 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.41h):
I really hope @mmitech won't have to apologize for the second time with @rpietila, that will be just hilarious.
hell no, fuck him...
993.
Post 6438351 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.41h):
blah blah blah so bored of personal attacks on others from people behind a psuedo nickname. Hardly anyone else is a known figure like Risto and although I dont agree with him all the time the attacks from anon people are stupid. Sit there and call him dumb and a bad businessman etc etc but until you put some credentials to your own name its just hot air.
this is me if you want to say anything....
https://twitter.com/mmitechEdit: BTW my nick comes from the first letters of my name
Mlik
Mourad
Ilyes
tech as for technology (being an IT engineer)....
994.
Post 6471825 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.41h):
Litecoin is going off charts... also the diff. factor is at ATH...
995.
Post 6490888 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.42h):
Antonoplis is great, but he overlooked a few issues on why deflation would not be a problem, namely that Bitcoin is not and likely never will be legal tender. The supply of bitcoin is finite but the supply of cryptocurrency is not. If there is not enough liquid BTC, then BTC derivatives or something like litecoin can fill the gap.
Maybe I am missing something, but why would there be 'not enough liquid BTC'? If there is too little value available, BTC prices will rise and compensate for the lack in liquidity, no? Why would anyone buy other stuff than the thing that keeps rising in value?
because they can.... human nature.
996.
Post 6493729 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.42h):
Antonoplis is great, but he overlooked a few issues on why deflation would not be a problem, namely that Bitcoin is not and likely never will be legal tender. The supply of bitcoin is finite but the supply of cryptocurrency is not. If there is not enough liquid BTC, then BTC derivatives or something like litecoin can fill the gap.
Maybe I am missing something, but why would there be 'not enough liquid BTC'? If there is too little value available, BTC prices will rise and compensate for the lack in liquidity, no? Why would anyone buy other stuff than the thing that keeps rising in value?
because they can.... human nature.
My question is : why would they? You buy litecoin as a speculative play now. In my mind, people want a "cheap" alternative, so there is a demand for it. The harder bitcoin rises, the more it is perceived as "expensive" and people look for alternatives. But what about in a more end-game environment, where bitcoin is more stable, and rises lets say 5% a year (pulling this number out of my ass), based on population growth and productivity gains. I don't think people would perceive it as 'too expensive', because the appreciation isn't as sudden. Where is the incentive for an alternative (genuine question)?
PS: of course you could say that litecoin or whatever altcoin have merits of their own which make them better than bitcoin, but then I would expect one of them to take over the field. I am talking about buying alternatives to the dominant crypto because it is too deflationary.
when I said because they can, I meant people like having choices, although what you wrote is really accurate, I am responding to this comment now because just few hours after your wrote this I met an old friend, he've heard of Bitcoin so he asked me what is it about, I was explaining the whole thing to him... after he asked me how can he invest and while I was explaining exchanges and market cap and volumes he decided to invest in Litecoin because "it is cheaper" and has a bigger chance to take off....
997.
Post 6523031 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.42h):
I see current market very VERY bearish....
I can see
BTC going down up to about 350 USD/
BTC by the end of this month
Proof:http://i.imgur.com/EV492CP.png
Is this correct? I do not know to make predictions, but this one seems to be right
What do you think?
Seriously, I think we are pretty much at the bottom, the next few weeks the price will start recovering again.
998.
Post 6554419 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.42h):
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
Hm, isn't that copy-paste from a post of mine?
copyrights ? does it matter ?
999.
Post 6572029 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
It is weird that nobody had heard of or encountered this situation before or that nobody was double checking their transactions.
If it's something new in the trading script that came with an update it may be a bug but I give only 1% possibility that bitstamp is actually trying to rip off its customers.
my bet is on shitty algorithm that doesn't make any dif unless you run into a wall of small bids.
it is nothing new, I knew about this ages ago, they basically do it because $0.001 doesn't exist so they round it up to $0.01... this will effect you if you have a bot buying $1 at a time (or selling a the effected user), and this is why you don't see many bots at stamp
1000.
Post 6573564 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
I can see how you think this is a matter of principle, but your solution is raising the minimum trade amount to 5 USD? I can see bot traders complaining about that...
Who matters more to Stamp, some bot traders who should know that they are likely to lose money using bots on Stamp due to this issue (it was also brought up that this is a reason people dont use bots on Stamp) and are also only making trades worth $1 or a customer moving on who reguarly trades amounts in the 20BTC area?
Look, from what I wrote it should be clear I really don't mind if they define some min. order size.
But my point was whether this is "fee fraud". And whether I'd consider Bitstamp fraudulent, and not a place where I'd want to keep my money if they continue as they do now. And the answer to that is: I just don't care that much.
If you want to know what I /really/ consider problematic, take a look at the Bitstamp service thread and the discussion about what they accept (or not) as a response to their KYC questionnaire.
Linkyou must learn that you cant satisfy all customers, no matter what you will do, there will be always someone shouting and yelling about his dissatisfaction and call you all names, scammer or a fraud or....
why do I advocate Bitstamp ? because they simply work for me, I get my deposits and withdrawals the same or next day and they answer all my tickets, beside, knowing the CEO and some of the employees I think they are far from the "fee fraud" description, in fact I want all businesses around Bitcoin to be as efficient as Bitstamp...
1001.
Post 6589697 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
great things are coming with ripple, why you guys are still in denial ?
Ripple is completely irrelevant to this community. It is a centralized system - nothing to do with cryptocurrencies. It is like saying "great things are coming with Google" - so what?
Ripple is not centralized like many others you still fail to get what it is.
This is totally relevant to this community since it will leverage lower transaction fees, instant money trade ...etc
Ripple is far more powerful than bitcoin whatever you say, A first bank, Fidor, has adopted ripple and it's just the beginning...
I will adopt dogecoin before ripple... and BTW of course you say it is cool, you are invested in, so why shouldn't be better than Bitcoin... got it ? delusion...
1002.
Post 6589862 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
I think the Chinese exchanges should also make a resolution to show the entire order book.
why not real volume ? At least on ripple you can monitor everything. Bitstamp is already in.
Bitstamp is in for reasons....
1003.
Post 6592783 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
not according to any TA, but according to the universe signs that I don't master but some other experts do, maybe it is the last time we will see sub 400's.
we still have a couple of weeks or so, then we will take off.
1004.
Post 6596337 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
Its only for pump intention, its was moving up without being eaten, But it got nabbed for 200k USD and suddenly vanished..
think again, I know few things that you dont
1005.
Post 6596668 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
Last chance to buy EVER.
I second that
1006.
Post 6612224 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people
1007.
Post 6612287 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people
Too much coffee, huh?
By my count, 3 out of 4 posts here welcome the decision.
then my bad, I did read only a couple that got me pissed off.... but what I wrote is true, human nature
1008.
Post 6612355 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people
Too much coffee, huh?
By my count, 3 out of 4 posts here welcome the decision.
Maybe he got his numbers from another thread? I think I saw a thread related to this bitstamp move earlier
davout is pissing me off on the other thread, but we all know why
1009.
Post 6615339 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people
Too much coffee, huh?
By my count, 3 out of 4 posts here welcome the decision.
Maybe he got his numbers from another thread? I think I saw a thread related to this bitstamp move earlier
davout is pissing me off on the other thread, but we all know why
What other thread?
1010.
Post 6619660 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
becuae I banned my self from that joke's thread, I am going to post this here just for the laughs and giggles
The thread shows a poster example how one system would have performed during the downtrend of the past few months. The "track record" is impressive but we have to remember that I started from the data and honed the parameters with trial and error method to give the best results. In real world, spotting the downtrend correctly, guessing the parameters upfront, and executing without slippage would have diminished returns greatly.
I cannot sell my own signals because Bitstamp's average volume is
BTC764 per hour. The system gives signals based on the last 2 hours market data and assumes that you can execute at the closing price. The signals are always in direction of the trend, so you will have to buy/sell quickly to avoid slippage, and your own actions cause more slippage. If I would use this, I want to allocate as many coins to it as possible, and that is less than I wanted.
The configurable excelsheet is for sale for BTC5, including tutorial in skype chat.
1011.
Post 6620469 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
Once I sold an excelsheet for EUR 6,000... no, actually it was my friend, but he taught me how to do it. It had cost 500 to make it however. So we sold it to some other guys as well to cover the costs.
ADD: The graph was included in the price.
I like the fact that it is an
excelsheet not a bot or an algorithm...... you remind me of
Rafik el khalifa who managed to fuck a billion dollar company that was built from ground because of his greed.
continue like this and you will end up at the known scammer list of Bitcoin land, except people know your identity, so they might come after you
1012.
Post 6620722 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
I can convert your spreadsheet to a code and implement it (python, C++...) for 0.06
BTC (max 10 lines)
I can also implement a small company network with all needed windows server (2012 optional) AD, DHCP, DNS all included for 6
BTCI can set up your blog/site based on woomerce/wordpress/joomla or basically from scratch (if it is a static site) and admin it for one month for 6
BTCI can..... do real fucking job for 6
BTC that can change the way you do things
1013.
Post 6620831 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
I can convert your spreadsheet to a code and implement it (python, C++...) for 0.06
BTC (max 10 lines)
I can also implement a small company network with all needed windows server (2012 optional) AD, DHCP, DNS all included for 6
BTCI can set up your blog/site based on woomerce/wordpress from scratch and admin it for one month for 6
BTCI can..... do real fucking job for 6
BTC that can change the way you do things
Just today I have ordered web hosting for 0.3
BTC/yr, hotel reservation system for 10
BTC+10
BTC/yr, webpages for 10
BTC, but some of the above services I still need - what a shame that you are such a difficult person
you think of me as difficult I think of my self as a correct person, you think I do this for fun but I think I do it to spread awareness....
1014.
Post 6630051 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
the top should be satoshi...
1015.
Post 6639582 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
Quoting somebody from a year ago at a panic moment when they thought somebody could have stolen their coins?
When they paid a hotel extra for no staff to be present during a certain time, only to have staff wandering through unannounced?
Wow, dude. I don't even know what to say. If you have to go back a year to barely find dirt on somebody, I think you have probably accomplished the opposite of what you were trying to do.
I've never found Risto to be anything but honest and concerned about everyone's well-being to the best of his ability. That's a rare commodity around here.
interesting. would you like some ketchup or mayonnaise with that ?
1016.
Post 6639654 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.43h):
Quoting somebody from a year ago at a panic moment when they thought somebody could have stolen their coins?
When they paid a hotel extra for no staff to be present during a certain time, only to have staff wandering through unannounced?
Wow, dude. I don't even know what to say. If you have to go back a year to barely find dirt on somebody, I think you have probably accomplished the opposite of what you were trying to do.
I've never found Risto to be anything but honest and concerned about everyone's well-being to the best of his ability. That's a rare commodity around here.
interesting. would you like some ketchup or mayonnaise with that ?
hunny?
caramel maybe ?
1017.
Post 6659561 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
They followed up with this video, but I don't know if this is it.
Purse IO
https://www.youtube.com/watch?v=6B5bM8X-sLMBasically, Purse.IO has you add items to your Amazon wishlist and offer to pay for them in Bitcoin at a 10%-15% discount. Then, people in countries where bitcoins are not readily available like China and India sign in and buy the items for you and have them shipped to you.
When you get the items, your bitcoins are sent to the foreign buyer. You get cheaper items. They get an easy way to buy bitcoins in a country where it's not easy.
I don't think this has anything to do with the big thing Bitpay twitted about before, I also don't see how this system is going to work anyway, especially for 3rd world and developing countries where Paypal and most credit cards doesn't work....
1018.
Post 6667441 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
lol at the people who were posting their game-plans of how we were breaking out to $600 and then 2 weeks later we'd be at $800 and then 2 weeks later we'd be at $1,000
it will still happen regardless what is happening in china, this was counted in many times...
1019.
Post 6669789 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
When I take my 3 month break from bitcoin trading and come back, I bet it'll be exactly $445
oh this is what I was waiting for, what is the bet here ?
1020.
Post 6669941 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
10000 dogecoin ? 
1021.
Post 6703658 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
HODL!!!
Look, we've had our arguments, and Rpetilia doesn't like me much because I call him out on his ego and challenge him, but I don't think we need to post pictures of him covered in silver kitchenware or make fun of his "castle" because its in disrepair.
Challenge him his ideas, theories, charts, lack of ability to admit mistakes, etc. But I think his mental health, real estate and photo ops are off limits, unless its in good nature.
+1
There's calling someone out on his bullshit, and then there are cheap shots at someone.
Most in here know by now that the property he bought is in need of renovation, but that's hardly a reason to imply it's a failed investment.
The moment to post the "ruin" picture above is if (and only if) he posts the photoshopped picture again, without mentioning that it is a shop. That'd qualify as 'bullshit', and it makes sense to counter it with a dose of reality.
my friends and family always tells me that I have such an ego, I know that I cross lines sometimes, but I've never seen a man full of shit as much as Risto, and I've never seen a man who try every possible way to try to escape his mistakes instead of admitting to them, I don't want to comment his shit anymore because I am sure that everyone on this board knows that he is just a clown full of shit.
1022.
Post 6712480 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
and you always tend to lick his balls, dont you have a husband for that ?
So classy. Internet...you never disappoint.
I express my opinion the way I like, yes I just said the way I like, if that Austrian creature which didn't decide to be a woman or a man won EuroVision then hell I will express my fucking opinion loud and if you don't like my opinion it is ok, but if you don't like the way how I express my opinion then you go fuck your self, it is as simple as that.
1023.
Post 6712693 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
and you always tend to lick his balls, dont you have a husband for that ?
So classy. Internet...you never disappoint.
I express my opinion the way I like, yes I just said the way I like, if that Austrian creature which didn't decide to be a woman or a man won EuroVision then hell I will express my fucking opinion loud and if you don't like my opinion it is ok, but if you don't like the way how I express my opinion then you go fuck your self, it is as simple as that.
You mean, it is only OK with you if we disagree with your opinion above by taking it literally?
he said "so classy..." I dont give a fuck, this is the way how I express my opinion, got it ?
see, when the price is so stable.... we need some action or it will get worst
1024.
Post 6742652 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
it is pumping time, till the end of the month there will be some epic pumps, and yes quote me on this
1025.
Post 6745534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
CCMF!
where were you all this time ? you know it is CCMF when goat is back
1026.
Post 6761562 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.44h):
3600
BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.
1027.
Post 6780502 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.45h):
to me the market seems really exhausted, buyers waiting for another crash or maybe doesn't have anymore money to dump into the market, or no buyers at all... but most sellers seems to be done dumping. now it is the patience game, the next wave of adoption has to start buying in soon or the previous adopters (not to mention earlier adopters) will start loosing faith and get sick and start cashing out some of their early investments.
1028.
Post 6784545 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.45h):
this is the lowest volume I've seen since I joined the Bitcoin community....
1029.
Post 6799661 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.45h):
I will wait a couple of days if the price and volume will be as dead as today I will really start considering the chance of dumping half of my coins.
1030.
Post 6801909 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.45h):
In the past, price has always went UP after any stable period.
I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.
If the price drops from here and doesn't come back up, it would be a first in bitcoin history.
In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.
then don't waste your time here, go do something with your life instead of wasting it on a dead horse...
1031.
Post 6814293 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.45h):
Adoption is speeding up, volume just reached its new ATH, another Bitcoin exchange went down.....probably server issues, definitely not a security breach or stealing customers coins on purpose.
TO DA MOON!
don't you have anything better to do with your life ? I can't even imagine what an empty life you have, being able to come here and waste your time and energy and nerves on a something is "doomed" is really pathetic, don't forget every minutes of your life counts, use your time wisely.... but if you want me to translate that to your understanding level, then it translates to:
"get a fucking life"
1032.
Post 6852524 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.45h):
this pump is really interesting, now it has to keep going up at least 5% a day to think about a forming bubble...
1033.
Post 6903266 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
I have been watching this forum long enough but in the last few days I've come to understand why many people decided to leave this forum.... I think I might do soon as well...
1034.
Post 6930116 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
talk about volatility and profit making
1035.
Post 6930227 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
talk about volatility and profit making
that was kinda weird, fat finger trading@btc-e? Huobi/okcoin were not involved.
someone is trying to spread fud... the troll box is all over about LTC death yet I cant understand what the news is about (if there is any news).... I dont understand why an exchange need a troll box... I just wished if I had some money there
1036.
Post 6930379 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
LTC: Is that an insider dump? Like the pre-gox closure dump.
what do you mean insider dump ? what news we are talking about here ?
1037.
Post 6930618 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed so I really don't really care so much about other alts, this and also most of them are scam coins... maybe go to riptelia thread and tell him about this coin, I've heard he is finally interested about pump and dump coins which doesn't really surprise me
1038.
Post 6930815 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
So the X Window System made a coin? No? ... What a fucking shitty name for a coin.
400% profit = care factor 0%
look at the picture below, 59900% in 12 hours but look at the volume... I cant trade coins that doesn't have at least 10K BTC daily volume and at least 1 year old just to be at the safe side, I dont want to be a part of a pump and dump scheme even if the returns are 1000000% a day... I have manners and values.
1039.
Post 6930856 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?
1040.
Post 6930883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?
Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?
yes, remind me about it in few weeks ok ?
1041.
Post 6930972 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?
Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?
yes, remind me about it in few weeks ok ?
I am holding my 1k ripples just in case mah 87 is a prophet.
of course he is a prophet
(he holds a shit load of Ripple)
and I am sure this guy believe that Litecoin is the one and only coin
http://ltc.blockr.io/address/info/LQRTVEVoyixmXqgQaS5n6tvVwCms246bad so he is also a prophet.
1042.
Post 6931058 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
I have manners and values.
Hey, you were the one who brought up the subject of volatility and making profits...comparing a new coin with CanineCoin proves nothing really.
I'm not spruiking any alt coin simply making the point there's more volatility and bigger profits elsewhere.
there is no need to get offended, I just meant that I am aware of what is happening with alts and I explained why I don't trade neither hold other alts.
1043.
Post 6931232 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.46h):
I have manners and values.
Hey, you were the one who brought up the subject of volatility and making profits...comparing a new coin with CanineCoin proves nothing really.
I'm not spruiking any alt coin simply making the point there's more volatility and bigger profits elsewhere.
there is no need to get offended, I just meant that I am aware of what is happening with alts and I explained why I don't trade neither hold other alts.
I think you were the one getting offended.
I'm fully aware of LTC and bought in March 13 but times change; I was trying to share info about goings on on another exchange. You could have said, 'thanks' and left it at that rather than giving me a lecture on why your opinion is superior, no?
.... no comment, thank you.
1044.
Post 6936732 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed
18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.
+1
I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked.
I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile.
So many coins, yes - but not watching alts for developments is extremely short-sighted.
The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.
It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.
Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).
IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.
well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?
the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fair start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.
1045.
Post 6937343 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed
18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.
+1
I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked.
I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile.
So many coins, yes - but not watching alts for developments is extremely short-sighted.
The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.
It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.
Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).
IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.
well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?
the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.
People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.
NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.
So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.
DRK is going to crash soon.
Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.
I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.
I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.
I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?
1046.
Post 6937458 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed
18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.
+1
I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked.
I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile.
So many coins, yes - but not watching alts for developments is extremely short-sighted.
The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.
It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.
Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).
IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.
well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?
the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.
People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.
NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.
So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.
DRK is going to crash soon.
Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.
I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.
I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.
I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?
Hold on. Are you saying that you will take a 1000 LTC equivalent bet that LTC will reach $100 in 2014? Are you serious. If so, I will most likely take this bet.
yes this is what I am saying, 1000 LTC from your part (or the equivalent BTC) and 1000 LTC from my part, the escrow should be released at the end of the year if failed or when the price is reached.
1047.
Post 6937556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed
18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.
+1
I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked.
I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile.
So many coins, yes - but not watching alts for developments is extremely short-sighted.
The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.
It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.
Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).
IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.
well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?
the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.
People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.
NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.
So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.
DRK is going to crash soon.
Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.
I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.
I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.
I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?
Hold on. Are you saying that you will take a 1000 LTC equivalent bet that LTC will reach $100 in 2014? Are you serious. If so, I will most likely take this bet.
yes this is what I am saying, 1000 LTC from your part (or the equivalent BTC) and 1000 LTC from my part, the escrow should be released at the end of the year if failed or when if the price is reached.
Wow. I hate betting against myself as I have a nice stash of LTC. But I just don't think LTC will be $100 this year. But if it is, I will have made so much money from the next bubble that I can afford to lose this bet.
So, I accept this bet. To be fair, lets do the bet in BTC. So that would be about 20 btc?
20 BTC it is, how can we arrange this ?
1048.
Post 6937629 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed
18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.
+1
I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked.
I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile.
So many coins, yes - but not watching alts for developments is extremely short-sighted.
The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.
It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.
Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).
IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.
well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?
the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.
People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.
NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.
So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.
DRK is going to crash soon.
Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.
I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.
I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.
I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?
If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might. All I can say is that I would strongly advise you not to bet against him.
I though he is honest and trustworthy... anyway I am trying to think how could we make this work without putting too much trust, I cant leave this much of money by a member !!
1049.
Post 6937671 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.
lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum
1050.
Post 6937758 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.
lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum
You wanna do the bet with a "e-handshake?" If so, I will gladly say YES.
Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.
And I can just hope you are as true to your word.
OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.
1051.
Post 6937788 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
I wont forget, it is in my signature
I just hope you will also honor your word
1052.
Post 6938851 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.
lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum
You wanna do the bet with a "e-handshake?" If so, I will gladly say YES.
Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.
And I can just hope you are as true to your word.
OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.
BTW windjc a thought came into my mind, do you have the 20 BTC ? I would like you to put 20 BTC in one of your addresses that I can check and not spend it, so in case you would have to honor our bet I know that you have them, and I would do the same (it is just in eliminating escrow in this case)... it came to my mind that you might get lucky without taking any risks.
1053.
Post 6939133 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.
lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum
You wanna do the bet with a "e-handshake?" If so, I will gladly say YES.
Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.
And I can just hope you are as true to your word.
OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.
BTW windjc a thought came into my mind, do you have the 20 BTC ? I would like you to put 20 BTC in one of your addresses that I can check and not spend it, so in case you would have to honor our bet I know that you have them, and I would do the same (it is just in eliminating escrow in this case)... it came to my mind that you might get lucky without taking any risks.
PM sent.
received and replied.
1054.
Post 6947072 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
windjc didn't respect the terms of our bet, we made a deal that each one has to keep 20 BTC in a separate address that he controls so we can check all the time, but soon after he used the
20 BTC again, I think he thought I would just check once instead I had the address on my watching list.
be a man or stop pretending to be one. I withdraw my bet.
1055.
Post 6989574 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.47h):
I just bought my first bitcoin. Exciting. Could someone please share the actual S.R. 2.0 link. Thanks.
share your postal address, we will send you everything for free.
Jorge Stofli - Cerulean Tower 15F 261 Sakuragaokacho 1508512 Shibuya Tokyo
I don't know if serious or just dumb !!!!
1056.
Post 7025630 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.48h):
bag holders!
gather around fellow bag holders;
no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!
a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!
you make sure to hold to your bag forever, I am selling at some point (soon-ish)
1057.
Post 7035101 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.48h):
show me the trains please
1058.
Post 7073342 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
Just buy BTC. To me, all altcoins are a scam
LTC is a scam ?
1059.
Post 7073589 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
Just buy BTC. To me, all altcoins are a scam
Diversification's not a bad idea though, except its impossible to keep track of the damn things. Had to block the altcoin subforum because there where more threads spaming new breeds of crapcoin than on all the other subjects combined. Have a few namecoin 'cos it could be a good system and would get a few LTC just because its script instead of sha and been around for a while but too damn lazy to install a wallet. Probably quite a few others worth checking out but omg, that crapcoin spam.
don't complicate things, use
litecoin electrum a fast and safe and light client.
1060.
Post 7073621 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
Just buy BTC. To me, all altcoins are a scam
LTC is a scam ?
LTC is for people riding old Bicycles. Dont.
BTC is for people riding nice cars. Do.
I made a shit load of money investing in Litecoin, I bought at $0.17 last year, sold at $38 and bought back at $20.... and I invested the last Bitcoins I had into Litecoin this week. so how about that
so tell the car and the Bicycles thing to someone else...because this year we will be talking yachts with Litecoin.
1061.
Post 7073683 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
if you dont like it GTFO... as simple as that.... it is not Risto thread to censor posts... it is Adam's thread and we speak our minds here ( as long as it is about trading)
1062.
Post 7077916 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
Just buy BTC. To me, all altcoins are a scam
LTC is a scam ?
LTC is for people riding old Bicycles. Dont.
BTC is for people riding nice cars. Do.
I made a shit load of money investing in Litecoin, I bought at $0.17 last year, sold at $38 and bought back at $20.... and I invested the last Bitcoins I had into Litecoin this week. so how about that
so tell the car and the Bicycles thing to someone else...because this year we will be talking yachts with Litecoin.
Yeah you enjoyed the LTC bubble, got crazy about it and now you will enjoy the fall of the LTC/BTC rate. At least you are honest to say you bought back at 20$, you don't fool us saying you bought at 9$ or whatever. I did read your analysis about litecoin being better distributed etc. That is all bullshit, Bitcoin is where things happens, it is Bitcoin you hear about on TV, and it is extremely foolish to go full LTC. You understand nothing about the network effect of money, you know nothing about the thinking process of Wall Street guys, you are just a tech who arrived early in Bitcoin, made a shitload of money and now are fooling yourself about your understanding of finance, economy and money. I can tell you why Wall Street guys will never invest in LTC but may in Nxt and 95%+ sure will in Bitcoin. But i prefer enjoy reading your posts pumping LTC.
He bought at 9$, I can confirm him saying it at the time it was at that level, and he said he won't sell until the next bubble.
LTC is guaranteed profit right now though it might go even lower for even better trade.
and to correct you, Ibought at $8.2 LTC last time and not $9 
and I sold in batches at the top of the last bubble:
so show me you smart ass your trades....BTW I can almost smell the next Litecoin bubble
1063.
Post 7086515 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
Would you buy a used car from this man?
Aside from the part that EVERYONE here loves to hate rpietila, we ought to give the man some credit. He's the one that believes in bitcoin more than any of us trolls in here and has had the gut (and money) to support it. Chances are that he'll be around after the next 2-3 bubbles of bitcoin and he's gonna probably make it to the news several times in the future regarding virtual currencies.
Question is: who of us is willing to be here after $5000 mark? think before you spit. Kthnxbye.
dont talk on behalf of us all, only talk about your self
1064.
Post 7093051 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.49h):
from reddit:
http://www.reddit.com/r/Bitcoin/comments/273vi2/if_you_just_received_800_bitcoin_out_of_the_blue/another lost 800 bitcoins lost beside the 850K that we thought mtgox had.... well I don't know why BTC shouldn't be worth $5K already.
1065.
Post 7097645 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.50h):
Litecoin on the other hand might just bottomed (if not fake walls)
1066.
Post 7097668 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.50h):
and it is gone...
Edit: back up again, just lowered a bit... this is getting interesting...
1067.
Post 7097819 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.50h):
Litecoin on the other hand might just bottomed (if not fake walls)
I changed my mind about this. Short term LTC/BTC might go slightly up because traders like you will induce a bulltrap. But imo we will go south of 0.01 before the end of this year. Mark my words and enjoy being full LTC.
no worries, I will like I always do
1068.
Post 7110180 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.50h):
As you guys and girls may have noticed my bot is fixed and my orders are getting through. Sorry for the delay.
Yes, it was an API issue with 2 exchanges that wouldn't work together.
and I am mmitech ... wait I am
1069.
Post 7118114 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.50h):
From that link:
This loan is made in good faith, is not guaranteed and is provided on a best effort basis.
First time that I see a contract where one party is only required to do a "best effort" to comply.
On the other hand, I had never heard of "2-year profit-only shares" before the Neo & Bee operetta, either.
he can buy a Ferrari and come to show it off and talk about his millions but can't honor his debts, this is just disgusting.
1070.
Post 7125128 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.50h):
580 is the new 150$ , Upcoming China Ban is the new Silkroad Flash Crash which will bring us down to 280$. Recovery won´t happen this time as Willy no longer works for the Bitcoin community.
I really feel sorry for guys like you, wasting your life on forums talking about a "dead horse".... don't you have anything better to do? maybe a wife to talk with or kids to play with? or simply a friend ? your life must sucks... I cant even imagine.
1071.
Post 7249373 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
looks like a risk off day today in the u.s.
monkey strongly thinks s&p is likely to turn down starting today on the daily, but still thinks there is a chance of another up week - an inconsistency which is very unusual, for the monkey.
monkey wants me to fade the bearish sentiment on u.s. long bonds real soon, but not today. (monkey says buying the june TLT 114 calls is a steal at 0.07/shr, if you like lottery tickets.)
monkey shorts bitcoin for 5 days
monkey remains short usdjpy, which has made me personally happy lately
monkey adores silver
monkey plans to close his coffee shorts on friday
monkey thinks friday is also likely to be a good day to sell netflix
you and your monkey....
1072.
Post 7254617 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
1073.
Post 7257484 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
The one thing I hate about Bitcoin rising is fonzie inevitable come to post his shit each 2 minutes. Was so good without him while we were at bottom. What a sad fuck.
Don´t you worry my darling, the times of a rising Bitcoin is over!Resumed and prolonged bear market has just started! MIght take 2-3 weeks until we hit the new bottom.
I really don't understand what you are doing here !!! why would anyone waste their time on something they hate or think is doomed? what is the point? I don't get it .... what the fuck are you ding here ? don't you have anything better to do with your life ? you are so desperate.....
1074.
Post 7259408 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
dumpitty dump
1075.
Post 7260324 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
why such stamp FUD?
Really, I don't see signs why there are problems at that exchange...
Then you need to open your eyes. Please try to make sense of how this is actually just normal. Remember how gox had the most irrational trading going on the last month before it closed? Well, it might not be the case, but do you want to keep your coins there?
And I seem to remember Gox being the exchange that was priced higher than all the rest and we now know the reason for that.
People seem to siding with 'nice' Bitfinex because they aren't dumping and they have been trying to break out, and their price is $20 higher than on Stamp. But of all the exchanges, Stamp is the least likely to Gox is customers. On Stamp there is no leverage, no complex trading options, and thus far less opportunity for profit to be made from insider trading, painting the tape, etc. Bitfinex on the otherhand......oo-er!
A problem with Stamp in recent times has been actually getting money onto the exchange due to their anal-probesque KYC procedures.....Never had problems getting money off the exchange, even when I told them to ram their KYC. But sorry, out of all the exchanges out there, Stamp is the most stable and reliable one.
What I find so peculiar, is why aren't there traders out there who are pouncing on the glut of 'cheap' coins on Stamp and arb-ing them on Bitfinex. These BTC for sale some $20 cheaper on Stamp are real BTC, that can be bought with real money, which can be sent over to Bitfinex and can be sold for an instant $20 easy profit. I aint doing it cos I only got few grand in Bitcoin and I would rather not do my trading on Bitfinex as I don't trust and like the place.
Also, isn't it funny that Stamp has been the most expensive exchange for weeks and weeks, until we get right to the end of a no doubt highly leveraged ramp up? Isn't it funny how Huobi and Bitfinex have both made break out attempts but stopped when they seen that Stamp wasn't budging? If these whales on Bitfinex and Huobi think that $15-$20 more expensive BTC than on Stamp is worth ramping, then why aren't they buying the cheaper BTC on Stamp (whales have accounts on all exchanges)?
I agree, I find this strange as well.
1076.
Post 7279313 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
insider trading, some people knew about the auction so they dumped few thousands of BTC to bring the price a bit down and now the auction is announced people will panic and dump even more... the winner of the auction will be really happy...
1077.
Post 7279361 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
2014 will be a brutal year for the price.
When these coins get sold, many of the people who buy them will sell as many as they need to get their initial $USD investment back.
During the next rally probably..
There will be a surplus supply and shortage in demand.
we are talking about less than 30K BTC....what kind of a bubble you are waiting for that cant have a volume of at least 3 million BTC a month ?
1078.
Post 7298428 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.52h):
bearstamp has the lowest price...
1079.
Post 7309114 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
dumpitty dump
1080.
Post 7309527 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
2985 Bitcoin to be sold and almost 8.000 to be buyed (order book on bitstamp)....
Really can't understand how can some be so idiots to sell at this price... everybody who has at least a little of brain would remove all the sell orders below 650-700. Otherwise will feel like a real idiot (which he is), for selling at this price.
you don't understand because you didn't buy between $5-100, if you bought at that range then selling now will make you a killing profit... many didn't sell at $1000 and waited thinking we will hit $3K-5K but it is not happening, so why not take some profits now ?
1081.
Post 7310591 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
1082.
Post 7310890 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Good luck with that (seems a bit short sighted to plan a 2 year vacation when BTC is going to go up a lot in the next few months), and let us know, in a couple of years (or even in six months) how you then feel about deciding to take that vacation with your BTC revenues.
1083.
Post 7311249 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Good luck with that (seems a bit short sighted to plan a 2 year vacation when BTC is going to go up a lot in the next few months), and let us know, in a couple of years (or even in six months) how you then feel about deciding to take that vacation with your BTC revenues.
A guy does NOT need to be overly optimistic to believe that your selling below $600 now for a two year plan to spend it seems pretty short sighted... NOW on the other hand, if the price does NOT go above $600 in the coming 6 months, then I will applaud your foresight and/or luck.
Until then, I believe that the odds are greatly against what you did. The odds seem much better to cash out smaller amounts slowly, rather than cashing out 2 years worth at this point with a market that will soon be going up (in less than 6 months). In other words, if is very likely that we will be seeing $800 within the next 6 months... but my investment does NOT count on it.. b/c I am likely to be in for a couple more years b/c I sense that BTC is amongst one of the better places to put your money, at the moment.
Where are you going to put your cashed out funds in the coming two years to preserve its value? IN the stock market? IN gold? In silver? in a bank account? under your mattress? Do you even have a plan? I hope so.
you should think and talk only about your investment, each Bitcoin I own is worth $-400 , yes -400 this means that each Bitcoin has already paid $400 from trading... I bought most of my coins between 10-100 so I already made 60 times what I invested (worst case scenario)when I sold, in fact with the trading profits I paid all my mortgages and debts, I resigned my daily job and now I will enjoy my 2 years of vacations.... I will make sure to not be worried and only enjoy with my small family, otherwise I still hold many coins, so if the next bubble will hit I will be a happy man.... in other words I am trying to not be a greedy bastard.
meanwhile, this is what I am up to:
1084.
Post 7311321 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Good luck with that (seems a bit short sighted to plan a 2 year vacation when BTC is going to go up a lot in the next few months), and let us know, in a couple of years (or even in six months) how you then feel about deciding to take that vacation with your BTC revenues.
A guy does NOT need to be overly optimistic to believe that your selling below $600 now for a two year plan to spend it seems pretty short sighted... NOW on the other hand, if the price does NOT go above $600 in the coming 6 months, then I will applaud your foresight and/or luck.
Until then, I believe that the odds are greatly against what you did. The odds seem much better to cash out smaller amounts slowly, rather than cashing out 2 years worth at this point with a market that will soon be going up (in less than 6 months). In other words, if is very likely that we will be seeing $800 within the next 6 months... but my investment does NOT count on it.. b/c I am likely to be in for a couple more years b/c I sense that BTC is amongst one of the better places to put your money, at the moment.
Where are you going to put your cashed out funds in the coming two years to preserve its value? IN the stock market? IN gold? In silver? in a bank account? under your mattress? Do you even have a plan? I hope so.
you should think and talk only about your investment, each Bitcoin I own is worth $-400 , yes -400 this means that each Bitcoin has already paid $400 from trading... I bought most of my coins between 10-100 so I already made 60 times what I invested (worst case scenario)when I sold, in fact with the trading profits I paid all my mortgages and debts, I resigned my daily job and now I will enjoy my 2 years of vacations.... I will make sure to not be worried and only enjoy with my small family, otherwise I still hold many coins, so if the next bubble will hit I will be a happy man.... in other words I am trying to not be a greedy bastard.
meanwhile, this is what I am up to:http://i.imgur.com/uRFIaL3.jpghttp://i.imgur.com/oZJKdZ7.jpghttp://i.imgur.com/mIGSV2o.jpgYou're playing Elder Scrolls?
no, I mean I don't understand your question... first time I hear of this game !!
1085.
Post 7311773 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Are you keeping your vacation stash in a euro area bank and if so are you worried about the EU wide stress tests coming up this year.
only if you have more than €100K in one bank account.
1086.
Post 7311817 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
.................
. but you do NOT really have much of a plan for where you are going
wtf? he is running to the hills, why so annoying?
morrowind, elder scrolls?
get a life.
He said that he cashed out half of his BTC yesterday b/c he has a plan to play with the proceeds for two years. I said that his plan seems to be very short sighted, especially given the likely direction of BTC in the next six months. Therefore I asked him where he planned to put his investments, and he failed/refused to answer, and instead stuck to his original framing about how wonderful he is., etc etc etc.. for making so much money, while he left quite a bit on the table through neglect and/or lack of foresight, so it seems.
other posters mentioned morrowind and elder scrolls.... b/c I do NOT know WTF are morrowind and elder scrolls... even though those topics may be relevant.
Regarding, "get a life" Yes, we each have lives and we choose how to spend our lives, and part of my life, at the moment includes posting on this forum and responding to relevant issues... and attempting to contribute to the forum (thread) in a productive direction.
I have it in my bank account where I pay my bills and pay for goods with €....
1087.
Post 7312058 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
.................
. but you do NOT really have much of a plan for where you are going
wtf? he is running to the hills, why so annoying?
morrowind, elder scrolls?
get a life.
He said that he cashed out half of his BTC yesterday b/c he has a plan to play with the proceeds for two years. I said that his plan seems to be very short sighted, especially given the likely direction of BTC in the next six months. Therefore I asked him where he planned to put his investments, and he failed/refused to answer, and instead stuck to his original framing about how wonderful he is., etc etc etc.. for making so much money, while he left quite a bit on the table through neglect and/or lack of foresight, so it seems.
other posters mentioned morrowind and elder scrolls.... b/c I do NOT know WTF are morrowind and elder scrolls... even though those topics may be relevant.
There is always a trade-off between current enjoyment and future enjoyment. Different people have different discount rates.
Actually I have NO problems with people making choices for themselves about when to pull out or what is their risk/diversification tolerance(s).
MMItech's plan, on the other hand, seems to assume that his risks would be better diversified with half of his BTC stash in some NON-BTC investment (and spending it), but he never really stated what that was. He merely stated that he was going to spend his money for two years, which does seem like a form of blind bragging.
And I was merely attempting to question what was his plan, and maybe I could have asked my question(s) more clearly or more politely (but seemingly bragging responses do kind of irk me a bit)?
Anyhow, if one assumes that BTC is going to be stagnant for two years, then it would be prudent to pull out two years worth of spending, but a prognosis of flat or down turned BTC prices seems a pretty improbably direction of BTC prices, and just an excited utterance to do something based on emotions of the moment rather than really having a decent plan (or at least sharing aspects of the plan wiht us).... ...
I follow a risk management where bitcoin failing and going to zero is a possibility. and again I did answer your question but you seem to be ignoring it....
1088.
Post 7312090 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
.................
. but you do NOT really have much of a plan for where you are going
wtf? he is running to the hills, why so annoying?
morrowind, elder scrolls?
get a life.
He said that he cashed out half of his BTC yesterday b/c he has a plan to play with the proceeds for two years. I said that his plan seems to be very short sighted, especially given the likely direction of BTC in the next six months. Therefore I asked him where he planned to put his investments, and he failed/refused to answer, and instead stuck to his original framing about how wonderful he is., etc etc etc.. for making so much money, while he left quite a bit on the table through neglect and/or lack of foresight, so it seems.
other posters mentioned morrowind and elder scrolls.... b/c I do NOT know WTF are morrowind and elder scrolls... even though those topics may be relevant.
Regarding, "get a life" Yes, we each have lives and we choose how to spend our lives, and part of my life, at the moment includes posting on this forum and responding to relevant issues... and attempting to contribute to the forum (thread) in a productive direction.
I have it in my bank account where I pay my bills and pay for goods with €....
The best of my current bank accounts only pays about 1% interest, and possibly you could get 3 or 4% if you have some kind of premium bank account and if that is what floats your boat, then who am I to say?
BTW, I dont take the interest that the bank gives me, this is against my believes and it is called
riba
1089.
Post 7312139 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
.................
. but you do NOT really have much of a plan for where you are going
wtf? he is running to the hills, why so annoying?
morrowind, elder scrolls?
get a life.
He said that he cashed out half of his BTC yesterday b/c he has a plan to play with the proceeds for two years. I said that his plan seems to be very short sighted, especially given the likely direction of BTC in the next six months. Therefore I asked him where he planned to put his investments, and he failed/refused to answer, and instead stuck to his original framing about how wonderful he is., etc etc etc.. for making so much money, while he left quite a bit on the table through neglect and/or lack of foresight, so it seems.
other posters mentioned morrowind and elder scrolls.... b/c I do NOT know WTF are morrowind and elder scrolls... even though those topics may be relevant.
Regarding, "get a life" Yes, we each have lives and we choose how to spend our lives, and part of my life, at the moment includes posting on this forum and responding to relevant issues... and attempting to contribute to the forum (thread) in a productive direction.
I have it in my bank account where I pay my bills and pay for goods with €....
The best of my current bank accounts only pays about 1% interest, and possibly you could get 3 or 4% if you have some kind of premium bank account and if that is what floats your boat, then who am I to say?
BTW, I dont take the interest that the bank gives me, this is against my believes and it is called
ribaPretty stupid of you.
yea sure, being Muslim is stupid
1090.
Post 7312691 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
.................
. but you do NOT really have much of a plan for where you are going
wtf? he is running to the hills, why so annoying?
morrowind, elder scrolls?
get a life.
He said that he cashed out half of his BTC yesterday b/c he has a plan to play with the proceeds for two years. I said that his plan seems to be very short sighted, especially given the likely direction of BTC in the next six months. Therefore I asked him where he planned to put his investments, and he failed/refused to answer, and instead stuck to his original framing about how wonderful he is., etc etc etc.. for making so much money, while he left quite a bit on the table through neglect and/or lack of foresight, so it seems.
other posters mentioned morrowind and elder scrolls.... b/c I do NOT know WTF are morrowind and elder scrolls... even though those topics may be relevant.
Regarding, "get a life" Yes, we each have lives and we choose how to spend our lives, and part of my life, at the moment includes posting on this forum and responding to relevant issues... and attempting to contribute to the forum (thread) in a productive direction.
I have it in my bank account where I pay my bills and pay for goods with €....
The best of my current bank accounts only pays about 1% interest, and possibly you could get 3 or 4% if you have some kind of premium bank account and if that is what floats your boat, then who am I to say?
BTW, I dont take the interest that the bank gives me, this is against my believes and it is called
ribaPretty stupid of you.
yea sure, being Muslim is stupid
I would NOT call any body stupid or their actions stupid b/c of religion, yet Gingermod seems to make a point (whether sufficiently sensitive or NOT).
I suppose that distinctions can be made - however, investing into bitcoin involves many similar financial principles as loaning money, especially given its limited supply. You buy 100 BTC in 2012 for $10, and then you sell them in 2014 for $600.
The value of BTC has appreciated.. and can be considered a form of interest-1 that is shared by the whole BTC community.
Anyhow, it does seem like your religion may be affecting your considerations (in possibly internally contradicting ways), and maybe also that is part of the reason that you are reluctant to get into specifics concerning your having had cashed out half of your stash to cover a two year period of time, when likely more financially prudent approaches could have been made and or considered.
Also, I am speculating somewhat that your religion may be causing you to fail and/or refuse to make some detailed and potentially internally contradictory analysis regarding your financial planning concerning bitcoin. -2
Again, that is for you to decide those boundaries; however, when you are posting on a board like this, hopefully you realize that many of us are considering these matters without RIBA type influences in our analyses (and investment considerations).
1- nope, you are wrong that is called supply and demand and not interest.
interest is when you need $100K to buy a house and I agree on giving you a loan with a condition to give me back $120K... the 20K is interest and I don't believe in it, what I could do is to buy the house and give it in a lease way, so you live in it while I am the owner for the next 20-25 years until you pay your debts and become the owner. and this is where leasing come from BTW.
2-I firstly use my logic and then the values that I took from my religion ( I am not a Muslim fanatic BTW, I am far from being a Muslim when it comes to
sharia but I still have many values from being an Arab Muslim )
1091.
Post 7313038 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
Bitcoin cultists accusing religious people of being cultists? At least when it comes to religion, people are usually indoctrinated from birth and have massive social pressures (there are hardly people who convert). Now becoming a cultist of your own free will, that's something else.
Also, I don't think there is any disadvantage in investment being Muslim, what does it matter if he gets 0% instead of 1% interest? Nothing.
Free will is an illusion bro
You're an idiot
calling everyone an idiot doesn't imply to you being smart, neither will make you smart.
1092.
Post 7314259 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
Bitcoin cultists accusing religious people of being cultists? At least when it comes to religion, people are usually indoctrinated from birth and have massive social pressures (there are hardly people who convert). Now becoming a cultist of your own free will, that's something else.
Here we go again with these bullshit assertions that bitcoin believers or enthusiasts are some how engaging in religious and/or cultish behaviors....
You are ridiculous Blitz.. to be coming up with and spreading this baloney.. and you are supposed to be a moderator, no? That's what it says next to your name... and avatar...
By the way Blitz... since you are a moderator and in the "know," can you make it so that I can have an avatar too? (after I just insulted you... he he hehe?
)
Also, I don't think there is any disadvantage in investment being Muslim, what does it matter if he gets 0% instead of 1% interest? Nothing.
HELLO!!!!!Even though 0% and 1% were presented as current potential bank interest rate options, NO one, with any kind of financial astuteness above the level of a drunken teenager, should reasonably be considering keeping large sums of moneys in any bank account(s) for two years.. that seems to be very financially irresponsible, unless there is some kind of explanation concerning why that seems to be a necessary or prudent course of action.
Ok, you think you got it all figured out but you have no fucking idea of what you are talking about ( at least in my case)..... I don't know how old you are or what kind of a life you have but when you have a family and kids you tempt to chose the safest way to make sure they will have a roof and food and a good education for as long as you can... now if you think leaving potential profits in a high risk investment like Bitcoin without making any risk management is the way to go then you do it, I believe otherwise.
I didn't invest the first time I knew about Bitcoin it took me a while to understand what the hell it is and to be honest I didn't invest because of the technology, I didn't give a fuck about it, I invested (risked my initial investment) because of the fair potential of making huge profits out of it, it seemed like free money for me.
now in case Bitcoin will fail which is possible I will have some time to figure out things before it is all fucked up, if you have all your funds in Bitcoin and no liquid cash in the bank then good luck if anything wrong happens, in fact I always keep enough cash in my bank account just in case, but IMHO investing all your funds in stocks and metals... and being over optimistic about it is just stupid.
beside, invest only what you can afford to lose, at this point I would hate my self if I lost 100% instead of 50%
got it now ? risk management...
1093.
Post 7314310 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
Even here we are talking about religion. FML.
Religion=hate spreading
Religion=war
religion=racism.
Making choices based on religion on a stock/crypto market, that is a whole New level of stupidity.
Goodluck going bankrupt.
Small hint: religion has brought shit for hundreds of years, that wont change a bit
Small hint: today's religion is the idolatry of money. Printing money may have caused more death than any religion. During the 20th century, if we wouldnt have been off the gold standard, we would have had way shorter wars, way less debt and way less environmental problem.
People have been bashing religion since the 19th century. It's old news. Its not a rebel act anymore. Everyone is doing it.
You are engaging in very fuzzy logic if you are attempting to equate the pursuit of money as if it were a religion - even though both may share some components... You are simply over-simplifying the matter.
see, what he said is right, now religion was and still is the biggest reasons for wars and issues, I agree on that but if a war is financed based on what you own and not a on debt philosophy ( printing money from thin air) the world would look better today and many lives wouldn't be wasted on stupid religious issues.
1094.
Post 7314456 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
2-I firstly use my logic and then the values that I took from my religion ( I am not a Muslim fanatic BTW, I am far from being a Muslim when it comes to
sharia but I still have many values from being an Arab Muslim )
Surely, each of us have various religious and/or ethical and/or perceived legal boundaries that will cause us to place limits on how far we will go to personally profit.. or whether we attempt to manipulate or influence the behavior of others or to merely make ourself (ves) as a role model for others to emulate. To the extent that you are allowing various kinds of beliefs about the impropriety of earning interest or participating in forms of usury, these kinds of concepts and limitations seem to be much beyond the considerations of a lot of others participating in this thread and forum. Surely, you can apply these kinds of concepts to yourself and proclaim to your self that you are a moderate all that you want; however, if you are incorporating these ideas into your approach(es) about bitcoin and/or your future planning concerning your bitcoin proceedings, it seems likely that most people here are going to be merely distracted by these kinds religious limitations concerning interest and whether one kind of investment is ok .and another kind of investment is NOT., based on religious beliefs... In my humble bumble opinion, that just seems too personal to be muddying up the thread with those kinds of personal considerations.
I didn't give any advice or any guidance about any investment, I decided upon my personal beliefs, but only when you insisted about knowing I told you, as far as I am concerned it is still a personal choice that somehow you don't like !!!! so next time you start writing about how my believes and my values and my personal choices doesn't fit your logic or the thread logic you must remember that they involves me and only me and they don't effect your life or the life of anyone except me.... got it ? this is where our freedom of choice comes from and no one should cross the lines.
your freedom stops when others freedom starts.
1095.
Post 7342661 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....
1096.
Post 7353207 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....
I attacked you because you said you went full LTC which is foolish, LTC is tanking and doomed to fail. If you are considering so, you'd better go full fiat. I have no problem with people who don't see the big picture selling their stash of bitcoins. Enjoy your life.
I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period.
1097.
Post 7359023 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....
I attacked you because you said you went full LTC which is foolish, LTC is tanking and doomed to fail. If you are considering so, you'd better go full fiat. I have no problem with people who don't see the big picture selling their stash of bitcoins. Enjoy your life.
I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period.
Don't advise people to sell their bitcoins to litecoins and i will stop saying it is foolish. Meanwhile BTC recovered and LTC is approaching 0.016. Remember what i told you : south 0.01 by the end of the year. Fiat will tank even more than LTC against BTC, but at least it makes sense to go full fiat for a risk adverse person. Don't advise here if you don't want comments on your advices.
I didn't advice anyone about anything and I don't even advice my best friends about any investment, you are just being buthurt because I am trading against your wish .... idiotic.
1098.
Post 7362405 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
Lol @ mmitech who insulted me after every bearish of mine and asked me what the fuck i am doing here if i don´t believe in bitcoin. Now he says he doesn´t give a fuck about the technology and that he has sold most of his stuff because he thinks that it probably goes down. Talking bout hypocrisy
MMITECH IS DEFINITELY THE BIGGEST TROLL
He might have turned into a bear due to the full moon last week? Bulls be careful, it could also happen to you!
you are the biggest troll, I Still believe in my investment, and I didn't sell most of my coins but half of them, also this is called risk management (not that most of bitcoiners here agree but whatever) no matter how sure sometimes you think you are, things can still go wrong... we all want the price to go up and I will be so happy when it does but if it goes down I will say "shit that was close and good I had a plan B".
but some blind fools here refuse to understand a really simple logic I am following, it doesn't matter if you don't agree, we all have the right to have our own opinions... but there are some lines we tend to not cross.
1099.
Post 7362429 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period.
I hear ya. It's one thing to disagree with someone's position but another to try and convince them they're "wrong". I hope you have a great two years off if that's your plan.
If you are posting your position, thoughts, etc on a public forum then you should expect people to disagree, convince you that you're wrong and tell you what an idiot you are. Hi I'm Nightowlace allow me to be the first to welcome you to the internet. It's tough out here kid, you're gonna need to man up and get yourself a thick skin.
nice one "Kid", I have 2 other kids of my own so I don't need a third one to tell me how internet works
1100.
Post 7362795 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
Ain't nobody getting any style points for the whinging.
You may not want to hear it, but a substantial LTC position at this point is kinda self-destructive, and anybody who yanks your chain on the topic is doing you a favor.
Feel free to aspire to a brilliant contrarian move, hey. But if you are a contrarian you have to be prepared to suck up some ridicule, and much argument, often well-meaning.
I've been called worse than foolish. Sometimes I was right, sometimes I was wrong. What matters is not what names you are called, but why you are called those names.
you know, most Bitcoiners start crying when money is not going toward their investment (well into Bitcoin), Litecoin investors are doing the same with Darkcoin and many other coins.... and as I recall Bitcoin is crashing for more than 6 months and only about now it rebounced, now each one of you is yelling CCMF, I say when Litecoin is going to the floor it is time to buy and remain silent for a couple of months.
we don't know if Bitcoin will go up (neither Litecoin), we just tend to compare present trend to the historical bubble chart and we say "yes the price will be Y and Z", and the argument is "it worked before so it has to work now" well I am doing the same with Litecoin. not that I know this is right or if it will even work, the same with Bitcoin, we dont know we just hope.
remember, there are more than 12 Million Bitcoin out there, a 60K dump on all exchanges combined will bring the price to 0,
the user adoption has slowed down, well almost stopped. so I feel a precaution is needed.
otherwise if you own 100 Bitcoins which will make you rich in 6 months then 50 will make you the same in 1 year "following the continuously Bitcoin growth myth" the other 50 BTC worth in fiat in your account gives you some kind of assurance
1101.
Post 7377566 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....
That is NOT why you were attacked. You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.
1102.
Post 7395824 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....
That is NOT why you were attacked. You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.
I've attempted to make a quick response within that thread, and to also respond to the poll to the extent any of the answers come close to what is really happening here.
In essence, the mere fact that you spending a lot of time publicly discussing this matter in various threads seems to demonstrate that you do NOT really know the fuck what you are talking about or even that you have adequately analyzed or understood your own position nor your plan.
I am NOT sure whether you have bad intents, so in that regard, I feel sorry for some of your ignorance... and lack of recognition of your own inabilities to know when to stop and when you likely need to spend some private time figuring out what you are doing and why you are doing it in order that you can explain.. to the extent that you end up continuing to post these kinds of matters in public threads....
Otherwise, you decisions regarding your investments or lack thereof in BTC or in other crypto-currencies are your own private concerns, and probably it would be better for everyone, including yourself, for you to keep your seemingly stupid-ass ill conceived and inadequately contemplated ideas to yourself... until they are better formulated. That's just my sense of the situation, at the moment, so take it for what it is worth.. and if you are NOT ready, willing or able to understand or to accept my thoughts, then NO problem to just let my comments pass.
you didn't answer to a single argument... you just choose a personal attack path.. you are a joke.
1103.
Post 7412661 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
I think $500 wont hold long term, this is a legit analyze
1104.
Post 7418282 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.
Point is, so many times it's not a crap filter, it's an opinion filter. You blend out what you dislike until all that remains is an echo chamber, a perverse distortion of an already biased place.
People are free to do so, but they should realize that in the long run, they will only hurt themselves because exposure to contrary positions are important for one's emotional, intellectual and financial health.
true, each time I yelled CCMF or Bitcoin to the moon (even when it was clearly going down) no one seemed to be annoyed, and when I trashed Bears users seemed to agree, in fact, they even helped me, but when I started questioning the whole going up thing they turned against me and started trashing me.... in one hand I sy Karma but the in the other hand I say really few members have a voice of reason.
we are dealing with Bitcoin jihadist here, they see only one path and who ever disagree with them becomes a troll and idiot dumb, so from now and on let every post shout "
Bitcoin is a miracle and the price will be $100K very soon"
1105.
Post 7464565 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/
I agree, some known Bitcoiners are investing in other projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.
1106.
Post 7464657 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
1107.
Post 7464856 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/
I agree, some known Bitcoiners are investing in other projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.
We see the same thing, but draw very different conclusions then.
This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.
I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends thinking how disappointing this investment was because of me.
1108.
Post 7464898 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/
I agree, some known Bitcoiners are investing in other projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.
We see the same thing, but draw very different conclusions then.
This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.
I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends being thinking how disappointing this investment was because of me.
If you are talking about BTC, then i'm sorry for your friends. If you are talking about LTC then i agree with you.
hah, you are funny, becaus today I see Bitcoin at $3K....
1109.
Post 7465341 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
Surprising to see that nobody here is bothered by the fact that without explanation China suddenly started dumping like crazy. I'm still very curious what caused this.
It's taken us down 20 dollars now.
it is not china... if you didn't notice, there is someone who has been dumping for days, he dumps in ~ 500
BTC batches , then he waits for support to build up around $590-600 and then repeat... it has been going for a couple of weeks now, just watch when the soonest we come close to $600 it happens again, I think someone is cashing few thousands of BTC and doesn't want to trigger a panic selling and/or doesn't want to effect the price that much.
1110.
Post 7465490 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
Surprising to see that nobody here is bothered by the fact that without explanation China suddenly started dumping like crazy. I'm still very curious what caused this.
It's taken us down 20 dollars now.
it is not china... if you didn't notice, there is someone who has been dumping for days, he dumps in ~ 500
BTC batches , then he waits for support to build up around $590-600 and then repeat... it has been going for a couple of weeks now, just watch when the soonest we come close to $600 it happens again, I think someone is cashing few thousands of BTC and doesn't want to trigger a panic selling and/or doesn't want to effect the price that much.
How was that not China?? I was watching it in real time how hours ago China started dumping 1000's of coins which obviously resulted in Stamp following.
Don't you see the charts and the activity on the Chinese exchanges.
I stopped watching china long ago, I still believe that (some Chinese) beside faking their products they do fake their trading volume as well... I believe they can fake anything for some dollars.
1111.
Post 7497418 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.54h):
Batches of 500BTC as I said before...
1112.
Post 7503242 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
Beartrap and manipulation of prices for the auction... just as spected before the rally
Bulltrap(600) in an extended bulltrap(680) has been closed, nobody cares about the auction, decline to 250$ is in progress. Nothing to see here.
$250
Good one. I don't usually find you funny, at all. Maybe I'm high on coffee.
$250 lets see if that holds as well.
1113.
Post 7503334 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
Beartrap and manipulation of prices for the auction... just as spected before the rally
Bulltrap(600) in an extended bulltrap(680) has been closed, nobody cares about the auction, decline to 250$ is in progress. Nothing to see here.
$250
Good one. I don't usually find you funny, at all. Maybe I'm high on coffee.
$250 lets see if that holds as well.
Says the guy who is 100% invested in Litecoin. Lol
you know nothing about me or about what I am invested into
1114.
Post 7504042 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.
I don't think silkroad coins has much to do wit this and big companies adding Bitcoin as a payment method at this point is really bad for price stability, regardless of Bitcoin being on news more than ever, the user adoption is dropping really fast, if only these companies held the coins it would be as if we got new users with every purchase.
what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands
BTC at the Bid side while there is more than 12 million coins out there, do the math.
1115.
Post 7504572 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.
Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.
this would be a stupid move, you dump coins to bring the price down because of the possibility of wining the auction and buying low !!!! remember it is an auction, and you are not the only one bidding so wining is a only a possibility...well I sure wouldn't do that.
1116.
Post 7504682 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
If someone would market buy 30k btc now, how much would it pump the price?
no one buys 30K
BTC from public exchanges, in fact you can (if you want to) buy sums of more than 1000
BTC off exchanges like from miners, bag holders, payment processors, or big merchants holding BTC like Bitmaintech.
1117.
Post 7505699 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
here you go 1100 cheap BTC @ $570 why don't you buy ? what are you wiating for ? get the cheap coins now....
1118.
Post 7517063 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
some known early adopters are dumping, and many other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.
1119.
Post 7517471 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
some known early adopters are dumping, and many other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.
Bitcoin days destroyed says differently.
So please shut up.
Hows litecoin doing, btw?
I am doing Great on my Litecoin investment, I bought at $0.17 (0.0036
BTC ) and I add some more at the last drop @ $8.2
don't worry about my investments, you worry only about your ass
1120.
Post 7517483 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
You betcha. Peter Todd dumped at LEAST five figures. Dollars, that is.
On a side I wonder how much the core devs are invested personally, out of pure curiosity.
Jeff Garzik publically stated he "only" has 348 BTC which is far less than some speculators here.
I have met another vip core dev in person and I understood he is in the thousands BTC but below 10k.
Gavin has (had last year) more than 20K
BTC
1121.
Post 7517668 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
some known early adopters are dumping, and many other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.
Bitcoin days destroyed says differently.
So please shut up.
Hows litecoin doing, btw?
I am doing Great on my Litecoin investment, I bought at $0.17 (0.0036
BTC ) and I add some more at the last drop @ $8.2
http://i.imgur.com/XJiBIif.pnghhttp://i.imgur.com/h36ccgO.png
don't worry about my investments, you worry only about your ass
Man, when are you going on that vacation? Don't take this the wrong way, but, stfu and gtfo already...
this is my vacation
1122.
Post 7523316 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
I learned something while reading here.
And that is that nobody and i really mean nobody has a fucking clue what they are talking about.
Anybody who uses this thread to know when to buy and sell might as well throw some dice or darts. The results will probably better.
All these "facts" and charts and lines and people acting like they know it all.
It really isn't much better than the Btce troll box here. A bit more civilized maybe but in the end it's nothing but idiots screaming BUY BUY BUY SELL SELL SELL! We all do it in one way or the other.
Also hilarious how everyone is an auction expert suddenly. And a China expert and an expert in anything really.
except that you love the idiots that yell BUY BUY BUY because you are the same type of idiot bull-tard as they are, and you hate traders and non hodlers and who ever question anything, you are like a religious-tard who never question things because it is a sin and god forbid.
1123.
Post 7523654 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
I learned something while reading here.
And that is that nobody and i really mean nobody has a fucking clue what they are talking about.
Anybody who uses this thread to know when to buy and sell might as well throw some dice or darts. The results will probably better.
All these "facts" and charts and lines and people acting like they know it all.
It really isn't much better than the Btce troll box here. A bit more civilized maybe but in the end it's nothing but idiots screaming BUY BUY BUY SELL SELL SELL! We all do it in one way or the other.
Also hilarious how everyone is an auction expert suddenly. And a China expert and an expert in anything really.
except that you love the idiots that yell BUY BUY BUY because you are the same type of idiot bull-tard as they are, and you hate traders and non hodlers and who ever question anything, you are like a religious-tard who never question things because it is a sin and god forbid.
Actually no, i think they are annoying as hell.
Welcome to my ignore list by the way.
you ignore everyone on this thread and everyone annoys you, I don't know why you bother to come here... oh yea, you come to tell us what kind of fuck-tards we are then you put us in ignore, this is your job in the forum.
1124.
Post 7523770 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
This thread is becoming unbearable
if people like shroomskit stopped bashing on every analyze or a prediction or a question and simply not take everything personally this thread would be cleaner, but well this is what happens when the price is not moving.
as I said before, Bitcoin needs bubbles for its survival, if that doesn't happen soon, the community will simply kill it.
1125.
Post 7529568 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
Reading about mmitech issue makes me wonder...
How do the Muslims deal with banks? Interest = 0%??
serious question.
If I understand it correctly , Muslims are not permitted to earn interest on money, this is "Riba" and is forbidden.
What they can do is receive rent for an asset they own - so a Muslim may buy an apartment, a physical good, and receive rent for allowing someone else to use it.
Given that bitcoin is not a physical thing on which one can earn a return I would have thought it was a bit of a grey area for Islamic finance anyway. Equities are ok as are securitizations as in those you buy the right to a series of cashflows that derive from a real asset, bitcoin hmm, tricky.
on a side note, I am not a Muslim fanatic, I question things very often and I don't care about what any book says, I have to be convinced to believe in things.
the 0% interest is a great thing to be honest, it simply doesn't allow a loaning economy to exist (free money) yet give the chance for businesses and individuals to achieve goals without using them, some could argue that the interest is the benefit that you get for risking your money, yes true to some point but in all economies it turns out to be the free money from the bank and back to the bank, the huge interest is generated from thin air and add nothing to the community, in fact it just encourage greed and laziness and gives a fake pump to the economy.
But how can a bank get income and pay for salaries and and all other costs ? well it is simple an Islamic bank isn't by the western definition a bank, it is a commercial institution, it is not a bank per se, you never get cash as a loan... you need a car? they buy you the car and rent it to you for a tiny profit until you become the owner, you need to buy a house ? they negotiate to buy it for you with the owner and you can live in it and pay "rent" for a time you agreed upon until you pay the whole price and you become the owner, you cant sell it untill you pay, simply you are not the owner of anything until you pay it off.
think of leasing as the closer to an Islamic loan but with way less fees.
Bitcoin is like commerce, you buy it for $10 and you sell it for the best bidder, it could be $5 or $500, so it is not a gray area, it as clear as it can get, this is what most Arabs did for a living for centuries.
1126.
Post 7529723 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
1127.
Post 7553816 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.55h):
dont forget the world now is busy with other things, like the world cup and all related events like this one
:
1128.
Post 7615452 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.56h):
WOW, great news to wake up to, what about that auction, do we know how much the wining bids were ? (I wasn't paying attention the last couple of days)
1129.
Post 7699408 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.57h):
now that everyone is waiting for a bubble and yelling that this is going to be soon or maybe it will start now....it is the perfect reason for a bubble to not start for a long long time, hell maybe Bitcoin is still overvalued from the last bubble and this is why we see selling pressure each time the price go up for $10.
1130.
Post 7733774 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
Look i understand we're on a speculation forum and predict things based on lines and what not but presenting detailed predictions for the next 6 months as facts is just stupid and a complete waste of time. It is 100% impossible to know what will happen the next 6 months.
83.719% of your posts are in the speculation forum, and most of them are in this thread, yet I still can't understand your attitude upon trading or any prediction/speculation about the price going down, a month ago I sold at this price and I said that I don't think the price will be going any where for some time and I didn't change my mind yet, there is also a possibility of us going down ($400-500).... only then I would buy back.
BTW, don't you sleep at all or what ?
1131.
Post 7737563 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
Anyway, gotta say I'm still just waiting for blastoff. Maybe the whole ISIS thing is the catalyst where terrorist organizations across the world start to BUY BUY BUY as to not be left behind by the other terrorist organizations. I'm curious whether the terrorist organizations NSA, CIA and MI5 will buy along with the rest of them
buy from who ? on exchanges ? how do you think they will achieve that ? oh or maybe Satoshi will sell them some....
1132.
Post 7737986 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
Anyway, gotta say I'm still just waiting for blastoff. Maybe the whole ISIS thing is the catalyst where terrorist organizations across the world start to BUY BUY BUY as to not be left behind by the other terrorist organizations. I'm curious whether the terrorist organizations NSA, CIA and MI5 will buy along with the rest of them
buy from who ? on exchanges ? how do you think they will achieve that ? oh or maybe Satoshi will sell them some....
The same way they acquire gold.
they acquire gold/money from killing people and trading weapons, beside they are probably supported/trained by the US, same was with Al-Qaeda...the easiest way to get Bitcoin without going through Radar is if investing in hardware and start mining
1133.
Post 7767250 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...)
This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up.
It's starting to look silly.
I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day.
I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble.
i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD.
But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!)
Why the hell would you sell if we get below 534 USD considering all the good things you quote?
it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less.
I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves...
1134.
Post 7767349 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...)
This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up.
It's starting to look silly.
I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day.
I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble.
i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD.
But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!)
Why the hell would you sell if we get below 534 USD considering all the good things you quote?
it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less.
I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves...
Source?
these are the public ones that everyone knows....
1135.
Post 7767466 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
Er, what? He bought some tickets to a classical concert.
hahah he bought Gold...
1136.
Post 7767527 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
Ha.
I guess the VC's are wrong and we won't be seeing you round here anymore?
the VC's are wrong 80% of the time, remember that more than 80% of startups fails, and VC is just a strategic gambling game in which greed is the biggest factor.
edit: and VC's didn't buy Bitcoin but invested in companies that deals with Bitcoin, so they are putting their votes on the idiots who will be buying and using these services.
1137.
Post 7809480 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
LTC was a waste of BTC
Lol, but it is almost true, LTC was 2nd crypto currency who got popular after BTC.
was ? it is still the 2nd crypto.
1138.
Post 7818416 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
in the other hand, a Litecoin pump has just started... is this a reversal ? we will see about it.
24H volume converted to BTC and compared to all coins:
1139.
Post 7835241 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
But I still advice ppl to use buy and cut because you never know if we end up heading down to 0 for some reason.
Bitcoin is special, because every day that it is
not immediately and permanently reset to 0, has historically meant a 0.7% price appreciation trend (resulting from increase in adoption).
So you are essentially betting that the probability that Bitcoin fails
today is less than 0.7%, and you are able to withstand some volatility.
What a logic... A classic pumper and dumper.... Basically you don't give a shit if people lose everything so you are able to get everything.
I say don't be all invested in anything, always manage the risks and invest only what you can afford to lose, ignore the permabulls and the permabears, but especially permabulls.
1140.
Post 7835421 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
"show"ing that guys message quickly reminded me why it needed to be "shown" before it's visible.
Get a life.
My comments are inspirational, meant to penetrate your fixated thinking to be able to use your mind in actually understanding matters, old and new. Reacting to them in such a low level manner leads me to think whether you'd be better off investing in bonds. At least you know what you get.
Delusional... If you really believe in what you write then you need a doctor, Otherwise this is just sick and fucked up.
1141.
Post 7840463 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.58h):
1142.
Post 7854883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
we're NOT hitting $1 Million this year.
Holders will be too horny not to Profit take and make a lot of money before the price is anywhere near $1,000,000
Only about 1.5 million bitcoins in speculative (fiat-denominated) hands now. All the rest are owned by the likes of me, I am not selling any bitcoins below the long term realistic value of $300k/
BTC (except in anticipation of a correction and purchase of
more bitcoins).
When I finish my current spree of public talking and start making money full-time, I think I can generate at least
BTC100 every day just as profits. The other supernodes will do the same, and:
- first we will be able to absorb the new supply of
BTC3600 per day, and
- then start to eat up the remaining 1.5M coins that is currently in the exchanges.
- Also I will be able to sell a minimum of
BTC1000 per day to my strong hand clients every day starting about 2 weeks from now.
The endgame will be rather quick. Everybody who buys even 1,000mBTC now, will be a millionaire before Christmas. I will post more proof in the following weeks. Now I go to plan the conference, that will be the place to decide the practical matters how this will be accomplished.
this was in 2013... why I am not a millionaire yet ? so much inspiration....inspiration my ass, you delusional psycho.
And I don't see Michael or the others folks with dozens of thousands babbling about their "influence" in the BTC world like you do.
What exactly is wrong with you?? I never said I am something great.
I am a messenger. That I said in the beginning and it still holds.
I am one supernode, likely
among the 400 bitcoin richest people in the world. I know personally several people who are above me. Some of them fellowship with me, give me guidance, then I spend my time writing about these things.
You probably don't even have as much as I do, so you should listen to me. I have nothing to learn from you (at least what you have written, either you are mistaken, or I already know it - try harder).
This Michael I don't know, but probably he is chatting with the people who control me. Or maybe not. People are not that important, the technology is important, and the concepts are important. Read my diary, it is the best explanation of what is happening in the Bitcoin universe right now. If you don't believe, you just point me to the springs of knowledge. Otherwise, please stop. Others want to learn. Thank you.
wow, what an ass****.
1143.
Post 7855016 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
now that there is no price movement and everyone is bored, I will refresh this thread with some fun by reminding you of Risto famous delusions and by showing the sickest ego I've ever encounter in my life.
1144.
Post 7855203 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
3.0th class supernode = BTC100
Woohoo I am a supernode! (means nothing)
well it is sure taking longer than you thought.
1145.
Post 7855367 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
but I know that $300k per 1 BTC is delusional
How many people you know, who bought a mobile phone, but went back to fixed line?
How many tried Internet but decided it's not for them?
If something happens in the world, would the news not reach the uttermost ends of the earth in latest 48 hours (if not instantly for most places)?
What keeps 1 billion people from adopting bitcoin? (How can you keep them from
not adopting it?)
How many bitcoins are for sale?
To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC
from exploding this year. Already everyone who has any position in this world knows about Bitcoin.
Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.
,
300K in 2013 what a pumper, but he refuses to bet on his prediction fact:Risto: man up. You are either spreading BS you don't believe in a ridiculous attempt to talk the price up (you know that's not happening, right?) or you really believe that 1BTC will be above $300k by the end of the year.
If its the latter, I make you an offer you cannot refuse: 2:1 odds at your favor that we won't reach $300k per 1 BTC in this year, and we publish this bet so other members can join up to a maximum total amount you choose. Minimum bet 100BTC
I only bet so that I win regardless. If you offer such bad odds, I better just buy bitcoins. Besides betting without actual transfer of bitcoins to me, is pointless hot air, therefore I either buy calls or write puts. I thought you would be happy by either getting 1 bitcoin or 10 million USD... no lose huh
What price range do
you believe then??
1146.
Post 7855410 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
I think your problem is that you realize 100 million new facebook users in 3 months is quick adoption, but refuse to do the math concerning what the same number of users of Bitcoin in the same timeframe irrefutably means to USD/BTC rate.
Facebook users found utility, new BTC adopters aren't adopting for practical utility (because they're is essentially none relative to reality), they're adopting for the gamble of making more in a quick flip.
It is almost as if the becoming rich part was detrimental to bitcoin adoption...
Good that the mobile phone did not make early adopters rich, we would still have fixed lines even today...
1000 -> 1 million users => 2000x price appreciation
1 million -> 1 billion users => 2000x price appreciation
he will make you rich, I bet the people who listened to him last year are filthy rich.
This is definitely the last one today, if you don't believe NOR know math you can go home If you do either, and buy bitcoins, you will be very rich
I used a cocktail party example today, regarding bitcoin's utility and adoption:
some bullshit...
so next time these perma-bulls talk what we tell them ? not today, not today perma-bull
1147.
Post 7855500 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
I wonder if we are we headed for a retest of the descending wedge? It is going to take a lot more than a 400 BTC dump to get to $605... The breakout we had from the wedge is not exactly looking strong either.
Hence the stability.
wachtwoord, it must be so boring in the
pumpers elite forum ?
1148.
Post 7855531 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Looks like time for $122
I guess 118/19 - 111 - 124.
I propose the 2nd retracement to 106 (instead of 111), otherwise I hardly make any money.
I think I nailed this one
Will be interesting to see if we do go over 120 here or back down under 100. Long weekend after all.
I am all in today because this is insanely great buy. There is also quite much support in $105 (not that it means anything but buys are real, sells are fake).
we went to high 60s right ?
ok enough for today, I saved and took many screenshots of his nonsense just in case he will delete his posts.
1149.
Post 7857698 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Bitstamp is not working for me.... anyone else having the same problem ?
1150.
Post 7877608 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
Maybe check that phases of a bubble chart again, everyone got all despondent a week or so ago and it started going up
This looks uncomfortably like manipulation but it could simply be the market maturing. Whatever it is commerce will love it and the "its to unstable to be money" crowd will finally stfu. Pump and dumpers are getting burned and day traders cant be too happy but overall this stability is good for bitcoin.
so after a week you say? I still have a bunch of coins, I would love to see them worth 10x more
1151.
Post 7877632 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
Price went down, value goes up. It's only a matter of time before price catches up with value.
what is the value ? isn't the value of a bitcoin exactly the price of a bitcoin ?
1152.
Post 7890089 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
... or the participants lied (like I did for the Lulz)
so you are one of the under 18
1153.
Post 7890391 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Set your dates. Go swimming if you get bored in the meanwhile.
your lines and most of the lines people draw here doesnt mean anything
1154.
Post 7895976 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
you want to know how they will regulate Bitcoin in NY state ?
http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyzEntities are considered dealing in virtual currencies if:They transfer Bitcoins on behalf of one person. This includes Bitcoin tipping (/u/changetip), mixers, Blockchain.info Send Shared, CoinJoin, Dark Wallet (200.2n1)
They hold or have control over Bitcoins for their users. This includes Mining pools, Coinbase, Circle, Greenaddress.it, all exchanges. (200.2n2)
They buy or sell Bitcoins as a business activity. This includes Local Bitcoins sellers, #bitcoin-otc. FinCEN statements includes selling physical coinage (including casascius coins) also regulated. (200.2n3)
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)They trade any virtual currency, even for another virtual currency. This includes alt coin exchanges. Mintpal, Cryptsy, BTER, etc (200.2n4)
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:Perform AML and collect identities, including verification of government issued Photo ID and proof of address, and retain these information for 10 years. (200.15a)
Retain all transaction logs for 10 years, including real name & physical addresses of ALL parties of a transaction - yes, including whoever you are sending to. (200.12a1)
Report all transactions over the USD value of $3000, and file Suspicious Activity Reports. (200.15g4)
Maintain collateral in the form of USD, including collateral for Bitcoin balances. The % as collateral is unspecified.
Retained earnings and profits of in invested in US dollars. They may not keep any profit in Bitcoin. (200.8b)
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)Not obfuscate any transactions - Bitcoin mixing would be illegal. (200.15f)
Interesting: now these people who creates altcoin would be committing a crime, even satoshi committed a crime following this logic. and NY wants to take your coins, so you wont be able to use your coins as a saving method ? yea so bad news for hodlers.
this is the whole document if you want to read it
http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdf
1155.
Post 7897646 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
you want to know how they will regulate Bitcoin in NY state ?
http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyzEntities are considered dealing in virtual currencies if:They transfer Bitcoins on behalf of one person. This includes Bitcoin tipping (/u/changetip), mixers, Blockchain.info Send Shared, CoinJoin, Dark Wallet (200.2n1)
They hold or have control over Bitcoins for their users. This includes Mining pools, Coinbase, Circle, Greenaddress.it, all exchanges. (200.2n2)
They buy or sell Bitcoins as a business activity. This includes Local Bitcoins sellers, #bitcoin-otc. FinCEN statements includes selling physical coinage (including casascius coins) also regulated. (200.2n3)
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)They trade any virtual currency, even for another virtual currency. This includes alt coin exchanges. Mintpal, Cryptsy, BTER, etc (200.2n4)
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:Perform AML and collect identities, including verification of government issued Photo ID and proof of address, and retain these information for 10 years. (200.15a)
Retain all transaction logs for 10 years, including real name & physical addresses of ALL parties of a transaction - yes, including whoever you are sending to. (200.12a1)
Report all transactions over the USD value of $3000, and file Suspicious Activity Reports. (200.15g4)
Maintain collateral in the form of USD, including collateral for Bitcoin balances. The % as collateral is unspecified.
Retained earnings and profits of in invested in US dollars. They may not keep any profit in Bitcoin. (200.8b)
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)Not obfuscate any transactions - Bitcoin mixing would be illegal. (200.15f)
Interesting: now these people who creates altcoin would be
committing a crime, even satoshi committed a crime following this logic. and NY wants to take your coins, so you wont be able to use your coins as a saving method ? yea so bad news for hodlers.
this is the whole document if you want to read it
http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdfEasy solution? Incorporate outside of the US and give them the middle finger. Americans always think their laws apply outside of the US.
the problem is that most likely the other states will follow the same path, Businesses in EU will have a big problem serving US customers, at the end they will have to ban US customers if the hassle is too much for them.
1156.
Post 7897767 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
you want to know how they will regulate Bitcoin in NY state ?
http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyzEntities are considered dealing in virtual currencies if:They transfer Bitcoins on behalf of one person. This includes Bitcoin tipping (/u/changetip), mixers, Blockchain.info Send Shared, CoinJoin, Dark Wallet (200.2n1)
They hold or have control over Bitcoins for their users. This includes Mining pools, Coinbase, Circle, Greenaddress.it, all exchanges. (200.2n2)
They buy or sell Bitcoins as a business activity. This includes Local Bitcoins sellers, #bitcoin-otc. FinCEN statements includes selling physical coinage (including casascius coins) also regulated. (200.2n3)
They create a virtual currency, even if it is decentralized. This includes creating altcoins. In fact, Satoshi would have commited a crime creating Bitcoin without registration. (200.2n5)They trade any virtual currency, even for another virtual currency. This includes alt coin exchanges. Mintpal, Cryptsy, BTER, etc (200.2n4)
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:Perform AML and collect identities, including verification of government issued Photo ID and proof of address, and retain these information for 10 years. (200.15a)
Retain all transaction logs for 10 years, including real name & physical addresses of ALL parties of a transaction - yes, including whoever you are sending to. (200.12a1)
Report all transactions over the USD value of $3000, and file Suspicious Activity Reports. (200.15g4)
Maintain collateral in the form of USD, including collateral for Bitcoin balances. The % as collateral is unspecified.
Retained earnings and profits of in invested in US dollars. They may not keep any profit in Bitcoin. (200.8b)
Forfeit Bitcoins that are inactive for over 5 years to the State of New York - (200.12c)Not obfuscate any transactions - Bitcoin mixing would be illegal. (200.15f)
Interesting: now these people who creates altcoin would be
committing a crime, even satoshi committed a crime following this logic. and NY wants to take your coins, so you wont be able to use your coins as a saving method ? yea so bad news for hodlers.
this is the whole document if you want to read it
http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdfEasy solution? Incorporate outside of the US and give them the middle finger. Americans always think their laws apply outside of the US.
the problem is that most likely the other states will follow the same path, Businesses in EU will have a big problem serving US customers, at the end they will have to ban US customers if the hassle is too much for them.
Why do they have to ban them? because the US says so ... bitch please. Non American who are not in America do not have to follow US laws. You can make laws to attack the US customers of these businesses though. Good luck
you have no clue about how the US government operate outside their borders, a sad fact but if US had a different tolerant policy toward others the world would be a better place and not as we see today.
1157.
Post 7913327 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Dell accepting Bitcoin is bad sign for the short term price, simply with the adoption rate slowing down big purchases will exhaust and stress up the price, although if adoption will catch up then it is a good sign for the long term.
1158.
Post 7913787 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
Dell accepting Bitcoin is bad sign for the short term price
Biggest bullshit I've read in weeks. Think about it again and apologize for being an idiot.
1159.
Post 7924693 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
buying at this time (or the last 6-7 weeks) seems to be the best time for any doubtful investor or a new adopter, although I don't see or believe any bubble will be forming soon. I see enough stability and support to trade in the 600s for some time (couple of months maybe).
some would ask why the price is stable with all these good news ? well I think Bitcoin was overpriced for a long time and the infrastructure is just catching up, once the infrastructure will have much more to offer the price will follow and the same thing will repeat, I am just thankful that with all the bad PR (Mtgox, malleability, hacks, china....) we had this year, Bitcoin is still doing well.
the biggest scenario that everyone seems to ignore is that Bitcoin is going mainstream, this could mean simply no more bubbles but a strait and slow growth over the years, today the audience is bigger and financially mature, so I don't believe neither expect a 10x price jump in a couple of month. (these were the old days).
1160.
Post 7960295 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_12.59h):
while Bitcoin is not moving anywhere, the best way to make profits is to start looking at alts, and I dont mean the pumps and dumps coins.... I started doing this the last couple of days...
1161.
Post 7966883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
this is Bitstamp desperately trying to increase the low volume.... they have around 20 employee they have to pay at the end of month, so it is not strange to me.
BTW I don't know if I ever paid fee for depositing (except if it is a hidden one), I only remember paying around 0.9€ fee for withdrawals
1162.
Post 7976246 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
I just came to the Speculation forum and found a thread where fonzie supposedly stated something bullish!!! What happened? Did hell freeze over?
link or it didn't happen
here you go:
Bids on Stamp look healthy. 1000 BTC to 620$ ; 3000 BTC to 610$. Ready to lift off. We also have a very similar fractal compared with the 430$ breakout.
TO THE MOON
is this a Fonzie I see before me?
It´s even worse. I used snakesoil sale tactics to lure in 3 friends of mine to invest altogether 45k$ into the BTC scheme in the the last 2 weeks.
I´m bullish as fuck( and of course ALL IN)!!!
1163.
Post 7976883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
capitalism is as evil or worst than socialism, it is the pure slavery it is the real pyramid... stop being delusional.
1164.
Post 7977159 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
capitalism is as evil or worst than socialism, it is the pure slavery it is the real pyramid... stop being delusional.
Smith, Proudhon and Marx understood something about how property inevitably leads to the slave pyramid, no need to move backwards, we tested everything and its failed, the next step is forwards.
neither capitalism or socialism will work in our modern society, very system was made to fix problem in short sight, we need something that fits not only our needs but the needs of the generations to come.
1165.
Post 7987339 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
The hell is wrong with these people with their graphs and lines that don't predict a damn thing. It is like those guys that predict the end of the world every year... when the world doesn't end instead of just saying they don't know what the hell they're talking about, they just beat the drum a little louder and suggest it will be the next year.
Listen, if you keep posting graphs that say there is going to be a breakout and there is no breakout or every time that you draw one you say the price will go up and it goes down (or vice versa) and you tend to be right only about 50% of the time... you prediction model ain't too good there slick. Maybe, just maybe, it's all bull---- akin to Tarot cards or them dot pictures that the psychiatrist asks you to interpret into a picture (Google appears to be telling me it is called a Roscharch test... I can neither confirm nor deny independently this fact, though, at this time).
Paul Giamatti as Joe Gould in Cinderella Man (2005) -- "Unbelievable bulls---!!"
Just because you can't use these tools or you never took the time to understand what they represent doesn't mean they don't work.
They don't work. As the last 6 weeks clearly showed. They only "work" when you look back and look for a pattern that confirms what you're looking for in the first place.
they work just fine if you know how and what to use, beside, I was talking for the last couple of months about how the price is going to be somehow stable and not move that much ... I really don't get your frustration.
1166.
Post 8001857 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
So what is happening ?
1167.
Post 8002150 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
how easy it became to bring the price to its knees, a 1000 BTC dump cause so much attention, there is no more interest in buying Bitcoin .... I have a feeling that the adoption rate is decreasing instead of slowing down or stopping, many people are getting out.
if things keeps this way, I will have to cash out everything in a month or so, better take my profits while I can.
1168.
Post 8002366 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
how easy it became to bring the price to its knees, a 1000 BTC dump cause so much attention, there is no more interest in buying Bitcoin .... I have a feeling that the adoption rate is decreasing instead of slowing down or stopping, many people are getting out.
if things keeps this way, I will have to cash out everything in a month or so, better take my profits while I can.
agree about adoption rate is decreasing instead of slowing down or stopping, many people are getting out.
Yes you 2 are getting out I guess. Don't let the door hit you on the way out.
dont worry about that, I will have made enough to not look back
1169.
Post 8003516 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.
1170.
Post 8003605 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.
With making money I always think about BTC.
For everything else there is something called FIAT.
not everyone think like you, I think how much Bitcoin could make me in fiat in which I would invest somewhere else...
1171.
Post 8003727 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.
With making money I always think about BTC.
For everything else there is something called FIAT.
not everyone think like you, I think how much Bitcoin could make me in fiat in which I would
invest somewhere else...
why hhwy why would you do this?
what is wrong with that ?
1172.
Post 8003858 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.
With making money I always think about BTC.
For everything else there is something called FIAT.
not everyone think like you, I think how much Bitcoin could make me in fiat in which I would
invest somewhere else...
why hhwy why would you do this?
what is wrong with that ?
i remember i cashed out of bitcoin once
looked around for other investments... thought about buying silver, but that shit gata get shipped, i have to ship it back to sell it.... stock market,altho going up ATM, seems DANGEROUS ( maybe more so then BTC! )
then i realized.
i made a mistake.
I just hope that you wont make a mistake again holding too long to Bitcoin, stop the wishful thinking and manage the risks of you investments, anyway, if I ever cash 100% then for sure it is only because I am going to invest in a real-estate.
1173.
Post 8003922 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
Am I having even worse problems with my depth graph now or are there only about 30 BTC to be bought until we rebound to 620? This is crazy... and not in the positive way. Why is no one buying?
655 to be bought to $620
1174.
Post 8004081 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
then for sure it is only because I am going to invest in a real-estate.
What could possibly go wrong?
many things could go wrong if you invest the american way, I do it the Arab way
1175.
Post 8004184 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
then for sure it is only because I am going to invest in a real-estate.
What could possibly go wrong?
many things could go wrong if you invest the american way, I do it the Arab way
Investing in camel trains loaded with shisha tobacco and figs?
you nailed it
1176.
Post 8004954 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
BitchicksHusband might even chime in but he is speaking at a Christian youth camp this week.
We live in a world where people can openly brag about child abuse with no expectation of being called out on it.
I see what you did there
, religion was made to govern people, there is few philosophical aspects in every religion that amaze me but the whole idea of being a blind fanatic is just....
1177.
Post 8004979 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
BitchicksHusband might even chime in but he is speaking at a Christian youth camp this week.
We live in a world where people can openly brag about child abuse with no expectation of being called out on it.
Is it abuse to tell kids that they have great value regardless of what others say? The main message of the camp was how to love yourself, love others and love God. That is abuse somehow? But you would probably be totally fine with a bunch of kids smoking something.
so Christians doesn't smoke things ?
1178.
Post 8005002 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
This is trouble. Imma take a break from this shit and see where we are in a few days.
lol, this thread become entertainment thread for some people , they just come here to enjoy and take some humorous advice.
I dont even visit the other sub-forums that much, this is my main thread for months now
1179.
Post 8005059 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
BitchicksHusband might even chime in but he is speaking at a Christian youth camp this week.
We live in a world where people can openly brag about child abuse with no expectation of being called out on it.
Is it abuse to tell kids that they have great value regardless of what others say? The main message of the camp was how to love yourself, love others and love God. That is abuse somehow? But you would probably be totally fine with a bunch of kids smoking something.
so Christians doesn't smoke things ?
yes, actually they got it wrong
it wasn't the apple adam wasn't supposed to eat
it was the tree he shouldn't have smoked
the tree of knowledge.
yes thats right,
adam and eve got high
and everything turned to shit!
AND GOD WAS ANGRY!
no wonder humans are fucked up.
1180.
Post 8005561 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
BitchicksHusband might even chime in but he is speaking at a Christian youth camp this week.
We live in a world where people can openly brag about child abuse with no expectation of being called out on it.
Nice to see her bat shit crazy husband is poisoning the mind of children so they can become bat shit crazy like him.
Religion and children. Such a good combination.
OK. So what have you done lately to encourage the younger generation to love themselves and love others and to make a positive difference in the world?
showing them this
http://i.imgur.com/fAgiHbn.pngAnd what makes you think that God is even slightly OK with all of that!? Of course He isn't but I know someone who totally is: the same "father of lies" that tries to steal, kill and destroy us all. We all have choices to make each day. It doesn't matter if you are high up "priest" or "religious" leader. We choose to love others or not too. The only real religion God cares about is the one that loves others and does what is right. All of the abusers, that don't repent, will suffer the most!
the difference between you and most of us here is that we also have morals and values, but you give the credit to your religion and we give credit to humanity, you use what a book says and we use logic and common sense.....
Edit: beside, more people died and suffered because of religion than anything else in the history of human combined.
1181.
Post 8005835 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
I do think it's kind of abusive to teach children they or their familiy/friends/acquaintances will suffer an eternity in hellfire unless they follow the one true religion in the one true sect. It's also kind of abusive to teach them that Satan is on this world and responsible for all evil. This will make them more prone to superstition and manipulation and less conducive to reason.
Btw, I won't moderate this thread since it's the "quarantine" section of this forum, plus, adam has the authority to delete anything since it is self-moderated. Just in case anyone is unaware.
I think all religions can take things to the extreme. I have seen manipulation and guilt used so I agree in that. But I do think that our society is "starving" our people by now avoiding teaching religion/Christianity at all. Most people are Biblical illiterate. They think they know what is in there but they never read it for themselves. I think we should all study all religions. We need to be knowledgeable about this instead of blindly just following whatever feels good to us for the moment.
so you are telling me that you studied all religions and your search ended with the conclusion of Christianity being the answer to all mysteries of the universe ? well you know, I was born a Muslim so I didn't have a choice, but I live my life in the way the common sense and logic guides me, although there is some interesting aspects of life in all religions that we can learn, the whole point of a religion was to govern people when it was hard to maintain borders and when it was hard to keep things settled and organized....
1182.
Post 8006038 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
bitcoiners should start a religion, moonisum!
buy Bitcoins or you will burn in hell ? selling is a sin that you fix only by buying
1183.
Post 8006315 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
oh Satoshi, our lord and saviour, deliver us to freedom.
if he gives me a chunk of that million coins he hold I will make sure to love him as much as you do
1184.
Post 8006432 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
I would love to answer but it will have to be a PM at this point because everyone seems to be getting a bit annoyed. Wow. Who would have thought that religion was more annoying than all the trolls combined!? Interesting.
Bravo! You trolled the trolls. I'm not one to agree with your religious views, but at least you were civil. Can't say the same for the "humanity inspired moral loving" people who attacked you.
Bye Bye sub $600 coins, it was nice knowing you.
Stupidity and ignorance should be attacked, otherwise you're enabling them.
True. But this was more like someone saying "bless you" after you sneeze, and instead of just saying thank you, and going on with your day; you instead start berating them and showing them cartoons of child porn on your phone.
Let's buy some BITCOIN!
you have such an imagination
1185.
Post 8017289 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
What if it breaks?
What are the
generally accepted long term channels at the moment?
It is generally accepted that you should
never sell your bitcoins for anything less than a price, which is
multiple times of the ATH of the prior boom.
- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)
- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.
this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.
1186.
Post 8017560 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
What if it breaks?
What are the
generally accepted long term channels at the moment?
It is generally accepted that you should
never sell your bitcoins for anything less than a price, which is
multiple times of the ATH of the prior boom.
- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)
- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.
this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.
How time is changing. A couple of months ago you was the roaring uber-bull and fonzietila the bear.
I never cheered for people to hold Bitcoins forever, I am here for profit, I stated this many times, I give zero fucks if Bitcoin or another coin will succeed as long as I have a peace of it.
1187.
Post 8017658 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
What if it breaks?
What are the
generally accepted long term channels at the moment?
It is generally accepted that you should
never sell your bitcoins for anything less than a price, which is
multiple times of the ATH of the prior boom.
- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)
- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.
this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.
How time is changing. A couple of months ago you was the roaring uber-bull and fonzietila the bear.
It's nothing surprising, people change bullish to bearish and vice versa.
But Market is not going anywhere atleast for 1-2 weeks too.
That people change bullish to bearish and vice versa is not surprising, yes. But that they change the side with same Emotionality. I mean, investing overloaded with emotions....
...better doing something creative with your emotions like singing, dancing, or running nude on the street but evaluating an investment...
...no!
I see that I stepped on your dreams....
1188.
Post 8017816 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.
so you are the one who read my articels
1189.
Post 8019920 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.
Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.
My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate).
Everything that has happened since 2009 is captured by the trend and its variations, and will be.
There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how
good I am doing for the reason that I always have more bitcoins than fiat anyway
So, after smoking the
best the world has to offer, I again feel that taking a break from this thread is in order.
See you at $500. And don't fall in the bull trap
you have really to brag about your millions and what you are smoking hahahaahah, man what an ego, maybe you understand some market(silver market?) but you dont understand the network effect and the technology that bitcoin offers, most of your calls were wrong, the calls where were you right was just a lucky call, like most of traders here, you need more luck than anything else.
Bitcoin is the most unpredictable asset, there is no company that you can analyze, there is only early geek adopters and really early techno savy entrepreneurs that crash the market when they decide to cahs some profit, BTW your only advantage "for these many millions" is the time when you knew about Bitcoin. many of us here invested more Fiat than you maybe saw in your life so stop braging about your "millions".... new money this is what is it called
Looks really like switching between extreme mania to deep depression. Maybe you should not allege other people to dream and deal more with own illusional dreams and illusional nightmares. This would be more healthy.
Regarding you're doing your business (now) in the Arab way, you should thinking of doing it better the Asian-Zen way with more mental balance ;-)
that statement above is still valid, and I still think the same didn't even change my mind
BTW, middle east arab countries are in ASIA, so go figure that out...
1190.
Post 8019991 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.
No, now he's going on Litecointalk and posting doom about LTC, all the while promoting DRK. Jesus dude, switch horses much? This is how you kill personal credibility on forums.
post a link where I doomed LTC... be a man and do it.
Edit: in fact, post a link where I doomed any coin except Dogecoin.
1191.
Post 8020197 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.
No, now he's going on Litecointalk and posting doom about LTC, all the while promoting DRK. Jesus dude, switch horses much? This is how you kill personal credibility on forums.
post a link where I doomed LTC... be a man and do it.
Edit: in fact, post a link where I doomed any coin except Dogecoin.
That is how I interpreted your comments on Litecointalk, that you don't care about BTC or LTC anymore, that you'll just jump on the next altcoin/shitcoin bandwagon to try and make money on pump and dumps. Here's EXACTLY what you said:
to be honest, I don't really give a shit about what coin will succeed as long as I have a piece of it, most will tell you that this is changing the world and this is changing the money as we know it but I tell you I am here to take profits and nothing more, should it be Bitcoin or Litecoin or Drkcoin that will suceed, hell it could be shitcoin... it doesnt matter as long as I am making profits
an honest statement there, and most of you here invested for the same fucking reason, if you didn't think that Bitcoin would skyrocket you wouldn't fucking invest, in fact if you knew now that the price will crash to $10 wouldn't you sell? better keep holding, because bitcoin came to save you from your selves.
there is many delusional dick-heads here, stop pretending....when the most of the day you cry about the price not going anywhere and most of the time show your frustration about the expected bubble not happening, in the real world economics bubbles are bad, but only in Bitcoin bubbles seems to be the best things can happen, because most of the people here became greedy fucking bastards that refuse to admit their wish to profit.
I admit investing just to make profit, and I literary don't give a single fuck about which coin will succeed as long as I have a piece of it.
1192.
Post 8023377 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.00h):
What if it breaks?
What are the
generally accepted long term channels at the moment?
It is generally accepted that you should
never sell your bitcoins for anything less than a price, which is
multiple times of the ATH of the prior boom.
- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)
- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.
this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.
What the hell happened to you too? You used to have spot on predictions and gut feelings and I enjoyed reading most of your comments. Now you're just following risto to discredit him any occasion you get. I get it, you strongly dislike the man, and I'm not fond of him either but now you sound like the dark crypto offspring of Bitchick and Stolfi. One wants to save me from my sins, the other wants to save the world from itself. You wanna save people from... idiots with bitcoin bought castles?
I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,
so this will be my last comment in this forum, enjoy all of you
1193.
Post 8054907 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
some guys will be pissed off when looking at this posts, especially the ones that would love me to stop posting and thought I would really stop posting here.
1194.
Post 8054957 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Yes we did it, there you go 7777, so what is suppose to happen now ? a new bubble
1195.
Post 8055276 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
some guys will be pissed off when looking at this posts, especially the ones that would love me to stop posting and thought I would really stop posting here.
You are a fucking child. You are NOT good for your word b/c yesterday, you stormed off in some huffy puffy, and you said that you were done with posting in this thread.
Surely, it would be nice if you would follow through with that one promise... but you cannot resist and you will not just get the fuck out of here, even though you certainly do NOT contribute. You can take yourself and even take your 2000+ worthless posts. This thread can get back to 7777 without your baloney..... Go invest in litecoin or some other alt coin or real estate or whatever you supposedly are planning to do with what remains of your purported BTC holdings.
I am here to troll idiots like you...and it seems that you really listen to what I say, look you remembered all my investment and I still cant spell your name or remember why you are on my ignore.
Edit: beside I have allot of time, the weather is bad these days I cant do much outside and I have no job to attend and kids and my wife get tired of me after few hours... so what to do, troll some idiots on Bitcointalk
Edit2: even trading is boring, I miss the 20% +/- days, I made a killing at the time, now every trade is risky, don't make me mention the fees.
1196.
Post 8055865 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Really not such a great idea of mmitech to sell his account to a spammer slash imbecile :/
why would you think I sold my account? a spammer is ok but... imbecile... mmm let me guess, it seems that most bitcoiners are having some kind of depression lately (including me)
1197.
Post 8055950 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Really not such a great idea of mmitech to sell his account to a spammer slash imbecile :/
why would you think I sold my account? a spammer is ok but... imbecile... mmm let me guess, it seems that most bitcoiners are having some kind of depression lately (including me)
Didn't you dump your daily job to focus on bitcoin?
this is what I thought I was doing... I am still figuring out what can I do, but spamming trolling and being imbecile seems the best thing I can do ( according to people here)
1198.
Post 8056226 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Really not such a great idea of mmitech to sell his account to a spammer slash imbecile :/
Oh is that what happened? Mmitech was probably desperate for money, since he had sold his bitcoin and invested in stupid shit. And, mmitech was a bit of an imbecile himself (presale, that is)
this is hilarious, I must really got into you...... an imbecile that takes alot of your time and energy and nerves.... must be a good one
BTW I could use a couple hundred thousands more yep
1199.
Post 8056432 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Really not such a great idea of mmitech to sell his account to a spammer slash imbecile :/
Oh is that what happened? Mmitech was probably desperate for money, since he had sold his bitcoin and invested in stupid shit. And, mmitech was a bit of an imbecile himself (presale, that is)
this is hilarious, I must really got into you...... an imbecile that takes alot of your time and energy and nerves.... must be a good one
BTW I could use a couple hundred thousands more yep
That's fine... go ahead and attempt to tell your story once again. You want a couple hundred thousand more? What's your plan? Do you have a plan? Is your plan to troll your way to obtaining more? Or do you have some more meaningful plan?
I find you irritating, but such irritation does NOT have any real or meaningful impact on my emotional well being. I am NOT feeling in any kind of desperation, as you seem to maybe need treatment. I would suggest that you use some of your dough to seek psychological treatment.
go ahead, so do you think I am mentally retarded ? this makes you more than an idiot, I have never seen anyone being frustrated over a mentally retarded person... usually most people don't get offended or frustrated with mentally retarded people..... but I must be more than that for you, so what is it ? jealousy? because I bought my coins @ $10 and sold half @ $600... I must be really stupid for doing that.
but as long as I remember my prediction is still accurate... so before the price goes above $1200 I would be quiet in your place.
1200.
Post 8056850 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Really not such a great idea of mmitech to sell his account to a spammer slash imbecile :/
Oh is that what happened? Mmitech was probably desperate for money, since he had sold his bitcoin and invested in stupid shit. And, mmitech was a bit of an imbecile himself (presale, that is)
this is hilarious, I must really got into you...... an imbecile that takes alot of your time and energy and nerves.... must be a good one
BTW I could use a couple hundred thousands more yep
That's fine... go ahead and attempt to tell your story once again. You want a couple hundred thousand more? What's your plan? Do you have a plan? Is your plan to troll your way to obtaining more? Or do you have some more meaningful plan?
I find you irritating, but such irritation does NOT have any real or meaningful impact on my emotional well being. I am NOT feeling in any kind of desperation, as you seem to maybe need treatment. I would suggest that you use some of your dough to seek psychological treatment.
go ahead, so do you think I am mentally retarded ? this makes you more than an idiot, I have never seen anyone being frustrated over a mentally retarded person... usually most people don't get offended or frustrated with mentally retarded people..... but I must be more than that for you, so what is it ? jealousy? because I bought my coins @ $10 and sold half @ $600... I must be really stupid for doing that.
but as long as I remember my prediction is still accurate... so before the price goes above $1200 I would be quiet in your place.
Yes. I have used that term, "mentally retarded" several times to refer to you and to your posts and your ongoing refusal to appreciate your lack of insight into the world. I actually explained that I have a lot of sympathy for the intellectually challenged, and by the way I do NOT claim to be a genius. I also stated that I consider a problem with you is that you go on and on and on about supposedly knowing something of importance and materiality and getting caught on tangents in order to justify your position.
There may be ways that you could correct such impressions, if you were to try to draft more meaningful and substantive posts... or maybe just read and think a little more before posting.
In any event, you are probably correct that I should be more forgiving of what seems to be such short-comings.
IT would be nice if you just went away as you had asserted that you were going to do, yesterday, but certainly, if you do NOT go away, then I can attempt to deal with your posts in my own way(s).
wow...the emotions are strong here, I would like to meet you and make you tell me that directly in person....
I would love to look into your eyes and try to understand this hate.... BTW, this is why I wont leave this forum, not because you hate me, but because at one point in the past I was the same like you, I've just knew about Bitcoin, I was passionate, ready for a revolution, and perma-bull but education( knowing more about Bitcoin) changed that side of me.
I will give you some time, if you are a technical guy and if the core Bitcoin protocol is comprehensive to you and philosophy this protocol is built on means anything to you, you will get there one day, Bitcoin (and almost all cryptos today) has so many broken things that may prevent it from going mainstream, many things need to be addressed and I am not going to tell you what, I will let you figure it out your self then remember this conversation and feel shame when you start learning more about Bitcoin.
1201.
Post 8057181 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Really not such a great idea of mmitech to sell his account to a spammer slash imbecile :/
Oh is that what happened? Mmitech was probably desperate for money, since he had sold his bitcoin and invested in stupid shit. And, mmitech was a bit of an imbecile himself (presale, that is)
this is hilarious, I must really got into you...... an imbecile that takes alot of your time and energy and nerves.... must be a good one
BTW I could use a couple hundred thousands more yep
That's fine... go ahead and attempt to tell your story once again. You want a couple hundred thousand more? What's your plan? Do you have a plan? Is your plan to troll your way to obtaining more? Or do you have some more meaningful plan?
I find you irritating, but such irritation does NOT have any real or meaningful impact on my emotional well being. I am NOT feeling in any kind of desperation, as you seem to maybe need treatment. I would suggest that you use some of your dough to seek psychological treatment.
go ahead, so do you think I am mentally retarded ? this makes you more than an idiot, I have never seen anyone being frustrated over a mentally retarded person... usually most people don't get offended or frustrated with mentally retarded people..... but I must be more than that for you, so what is it ? jealousy? because I bought my coins @ $10 and sold half @ $600... I must be really stupid for doing that.
but as long as I remember my prediction is still accurate... so before the price goes above $1200 I would be quiet in your place.
Yes. I have used that term, "mentally retarded" several times to refer to you and to your posts and your ongoing refusal to appreciate your lack of insight into the world. I actually explained that I have a lot of sympathy for the intellectually challenged, and by the way I do NOT claim to be a genius. I also stated that I consider a problem with you is that you go on and on and on about supposedly knowing something of importance and materiality and getting caught on tangents in order to justify your position.
There may be ways that you could correct such impressions, if you were to try to draft more meaningful and substantive posts... or maybe just read and think a little more before posting.
In any event, you are probably correct that I should be more forgiving of what seems to be such short-comings.
IT would be nice if you just went away as you had asserted that you were going to do, yesterday, but certainly, if you do NOT go away, then I can attempt to deal with your posts in my own way(s).
wow...the emotions are strong here, I would like to meet you and make you tell me that directly in person....
I would love to look into your eyes and try to understand this hate.... BTW, this is why I wont leave this forum, not because you hate me, but because at one point in the past I was the same like you, I've just knew about Bitcoin, I was passionate, ready for a revolution, and perma-bull but education( knowing more about Bitcoin) changed that side of me.
I will give you some time, if you are a technical guy and if the core Bitcoin protocol is comprehensive to you and philosophy this protocol is built on means anything to you, you will get there one day, Bitcoin (and almost all cryptos today) has so many broken things that may prevent it from going mainstream, many things need to be addressed and I am not going to tell you what, I will let you figure it out your self then remember this conversation and feel shame when you start learning more about Bitcoin.
bitcoin works just fine
want talk about a system with holes? talk about fiat!
sure there some technical challenges to overcome, but these are trivial compared to the main problem bitcoin solves. nearly all "problems" or "limitation" bitcoin has today, already have many solutions, actively being discussed, the only reason they have not been implemented is because bitcoin works just fine, and its not necessary at this point to "fix it", it is important poeple think about and investigate possible solutions, because the day will come when it will be necessary.
if you think USD has a fighting chance at surviving BTC, then why the hell did you buy into ALTCOINS!
USD will fail in the next 10-20 years if US policy makers doesn't do something about the current situation, alts are a higher risk higher reward investment.... but about the technical problems Bitcoin have many challenges like: Block size, blockchine size, mining centralization, Proof of work, fees, better and secure wallets..... well the challenges in the protocol needs to be addressed before Bitcoin gets bigger because each time it is getting harder and harder to make changes, if you remember what Gavin said last year around the April bubble, he said that it is not a good time for a price bubble and he wished it never happened, it simply makes the Devs job harder and riskier..... but look, most of us here wish $10K to happen ASAP while there is so many things to fix first.
To be honest I am a profit taker, I mean I would love for the price to go up and I am counting on that, but at the same time I am not a scumbag that I would wish for Bitcoin to disappear tomorrow after I take some profits, I want things to be done right.
1202.
Post 8057460 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
You prove my point, to some extent, by going on talking as if you know more than others about various subjects based on some potentially unique experiences that you have had and that others were NOT present during that experience to imply that you are more experienced than others.
It is possible that you may be deluding others, besides yourself.
You were NOT once like me, b/c we each come from different perspectives.
Regarding meeting each other, I would NOT want to meet you b/c you appear to be unstable. Generally, I talk with people the same in person as I do over the internet. A major difference is that in person, I would NOT have tolerated such stupidity for so long b/c I would have left the conversation or caused you to exit the conversation - one or the other.
Anyhow, good luck with your supposed secret knowledge about bitcoin that allegedly you are NOT sharing.
you know what, whatever, it is a waste of time...back to my ignore.
1203.
Post 8065214 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Holy shit, so can I say I was right
1204.
Post 8065445 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
what a joke, a drop on a really low volume !!! only 5000 BTC @ stamp.... this is not a good sing, in a normal day of a healthy market I would expect at least 20000BTC when there is drops or ups but this just looks really bad.
1205.
Post 8066038 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
A dump like this with no news is just cheap coins for the whales
I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.
1206.
Post 8066103 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
A dump like this with no news is just cheap coins for the whales
I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.
Sick of waiting? good then they deserve to get burned! If they have no patience, in one of the fastest moving markets in the world, then they do not deserve to make profits from it. Jesus I have owned gold for 10 years....
actually define "deserve to get burned", if someone who bought coins from $0.10-10 is selling now and making at least 6000% (6000-600000%) profits is getting burned then yea let them get "burned"..... many of us bought double digit coins and so many bought single digit coins. so $500-1200 seems great if you ask me, beside this way coins change hands so it is a good thing... you know if you knew about wealth distribution you wouldn't mind what is happening now.
1207.
Post 8066278 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
A dump like this with no news is just cheap coins for the whales
I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.
Sick of waiting? good then they deserve to get burned! If they have no patience, in one of the fastest moving markets in the world, then they do not deserve to make profits from it. Jesus I have owned gold for 10 years....
actually define "deserve to get burned", if someone who bought coins from $0.10-10 is selling now and making at least 6000% (6000-600000%) profits is getting burned then yea let them get "burned"..... many of use bout double digit coins and so many bout single digit coins. so 500-1200 seems great if you ask me, beside this way coins change hands so it is a good thing... you know if you knew about wealth distribution you wouldn't mind what is happening now.
thats weird I already edited that out seconds after I wrote it... they deserve not to earn money, if they are so impatient... I do not wish anyone gets burned- not my style, but if people cannot invest and wait for it to do its thing then yes they do not deserve to make profit. Simple.
again, people have different goals, so imagine if you bought between $1 - $10 and you bought a couple thousands of coins, there is a huge chance that you didn't even expect the price going to $1000 that fast, therefore when it happens you feel the urge and the need to sell some of your coins to enjoy the
huge profits. (well except if you are a greedy bastard)
only few old members hang around here, not everyone bought at $1000.... I know personally many Bitcoiners who became millionaires after the last bubble.... did they keep all their Bitcoins ? of course not, they still keep some but they cashed some of their huge profits and made so much that they can put "Risto castle" to shame ... how do you think Risto bought his "castle" with hope, dreams and promises ?
1208.
Post 8067168 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
what a good feeling when being right
told you so
but you called me a troll and spammer and some even called me imbecile, what a shame...
1209.
Post 8067634 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Watch 'em scatter for the hills
Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.
The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it
where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?
1210.
Post 8067656 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Those people who dumped 100's of coins in that 575 wall must be shitting their pants now. Would be hilarious if we go back up.
would be really hilarious if you for once stop being butt-hurt about people making decisions that works for them.
1211.
Post 8067847 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Watch 'em scatter for the hills
Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.
The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it
where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?
Nah, been traveling and taking care of something called life...wife, kid, dog, in-laws you know, all that good shit. I didn't mean to come off as pissed or afraid (would have been better if said face to face).
I'm just really amused by the same song and dance performed every time the same music starts. I'm not relying on bitcoins for living as I'm financially well off. I guess I came off harsh...not intended really.
I'm just gruff in my ways I guess
interesting, most of us here do have a wife, kids I personally don't have a dog, didnt ask you about that really, you know just saying...but this makes me think about the timing of your post! not only I have seen many members like you the last couple of weeks pop up of no where to tell people "it is ok" and "let the sheep burn".... but it is amazing how you do it
1212.
Post 8068548 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
Goddamnit! I'm panic buying back my 2 coins!
I spent more than 2 coins on vet bills last month.
2 coins is a lot to me.
well that explains allot, next time try to calm down and maybe read/learn more, there is no reason to be frustrated, 2 coins are something for your age. (more than some will ever earn) I know many people with more less than that.
BTW,stop calling people idiots and show some respect to people older than you.
1213.
Post 8068737 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
holy shit, what happened your dog ?
1214.
Post 8072117 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.01h):
@pigeon/doggy called shroomskit
How many bitcoins have you got now? Still 2 or 1.95?
isn't shroomskit somewhat of a whale?
his bot buying at 680 was impressive
With 2 BTC, I would'nt call him Moby Dick.
he used a bot to pump the price by buying 0.001
BTC/minute, it was a epic for a day or so...
1215.
Post 8151749 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.02h):
Stop dumping you twats! We've had enough of that for the last 7 months.
I would like to dump 2000 BTC than watch you in person cry (if I only had 2000 BTC and knew you in person)
1216.
Post 8152359 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.02h):
Stop dumping you twats! We've had enough of that for the last 7 months.
I would like to dump 2000 BTC than watch you in person cry (if I only had 2000 BTC and knew you in person)
So. You are a sadistic-masochistic psychopath.
you never know, I could be, or maybe not ?
..... simply, you are an idiot for suggesting that, if you knew what was the deep meaning of what I wrote about shroomskit you wouldn't suggest the above, but this makes me think that you are one of the butt hurt people who hangs around here.
I used to like your posts, but because my tolerance is going lower each day (especially when the price is going low) you've earned a quick ignore.
1217.
Post 8171912 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.02h):
there doesn't exist a good financial system yet, whether in the USA or EU or Asian countries or even Arabic countries.... the real system that could serve all parties fairly is yet to exist, and I believe that we are not far away from it, however, it is funny because choosing between capitalism or socialism is like choosing between slavery or constant rape.... there is no reason to defend the actual systems but finding a way for a better system is what everyone should be seeking.
To be honest, IMHO I feel that we are at a very critical point that will change the picture of the world in the next 10 -20 years, it will be so different from today and I don't mean technologically, but the world leadership, policy making, map borders, region influence....
1218.
Post 8181466 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.02h):
my sentiments have changed, it is time to buy, you will have around one month to do that.
1219.
Post 8181558 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.02h):
my sentiments have changed, it is time to buy, you will have around one month to do that.
Why 1 month?
IMHO we will be going up from the half of September and on....
1220.
Post 8194676 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.02h):
1221.
Post 8199021 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
when looking at the alt market: 2nd generation coins (ETH, NXT) and the privacy enhanced coins (darkcoin, cloak..) and the copycats and the shitcoins, I get really scared.... I think if it wasn't to these coins the price of Bitcoin would be really lower than we even think, an example of how people invest in alts is by firstly buying bitcoin and converting it to the alt, the alt owners (miners, pumpers, developers...) usually hold most of the profits in which are usually huge.
a look at ethereum: they already sold more than 31 million this makes for more than
15000BTC
1222.
Post 8220992 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
1223.
Post 8238573 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
https://bitcointalk.org/index.php?topic=723392.0Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.
Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria
To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia.
On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.
they changed it for me as well, what a disappointment, I use Unicredit bank as my personal bank and all transactions to/from bitstamp are proceeded the same day at max the next day, even Nejc doesn't seem to answer to my messages anymore, I've heard that he is no longer living in Slovenia, someone told me he lives in the Netherlands (I cant confirm I didnt talk to him for months). although the offices of bitstamp seems to be still here in Slovenia...
1224.
Post 8238830 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
https://bitcointalk.org/index.php?topic=723392.0Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.
Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria
To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia.
On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.
they changed it for me as well, what a disappointment, I use Unicredit bank as my personal bank and all transactions to/from bitstamp are proceeded the same day at max the next day, even Nejc doesn't seem to answer to my messages anymore, I've heard that he is no longer living in Slovenia, someone told me he lives in the Netherlands (I cant confirm I didnt talk to him for months). although the offices of bitstamp seems to be still here in Slovenia...
http://i.imgur.com/go7ZrmX.pngI'm really glad they changed the bank! Unicredit is a shity bank who is afraid of crypto. Exemple: my company had business account at unicredit for 3 months and then i got a call that i need to close it down because my company has a crypto related business...
+ Raiffeisen is way more stable bank as Unicredit Slovenia.
it works for me and it worked for them perfectly for 3 years, so I am really curious what is behind this change....
1225.
Post 8247250 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.
supposedly it is not doing its "thing" now.
1226.
Post 8249274 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.
supposedly it is not doing its "thing" now.
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
1227.
Post 8249321 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that
(your) definition, so is the stock market. And the PM market.
it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.
1228.
Post 8249429 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that
(your) definition, so is the stock market. And the PM market.
it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.
Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all.
http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above
1229.
Post 8249453 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that
(your) definition, so is the stock market. And the PM market.
it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.
Anything related to money is a pyramid (by your definition atleast). I don't see how bitcoin would be any different
It's not always neccessarily a bad thing though.
I said it means exactly what it means, a pyramid, nothing more and nothing less, so please don't put words on my mouth.
1230.
Post 8249513 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that
(your) definition, so is the stock market. And the PM market.
it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.
Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all.
http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above
It's not the word "Pyramid" it's the word "Scheme" that gives me pause. Just who exactly is doing the scheming?
all of us, the Bitcoin community, you are higher in the scheme if you bought before me (or cheaper to be accurate).
1231.
Post 8249791 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Please don't insult my intelligence. I could debate this with you all day long, but I'm not going to because I don't want to junk up this thread with such nonsense. If stock markets or PM markets or bitcoin markets were considered pyramid schemes, they would be listed as examples on that wiki definition page. And they are not.
I see that you are intelligent yes....this is why you felt insulted.
Baseball cards, paintings, and antique cars fit that description.
maybe you meant Bitcoin it is not a ponzi ?
1232.
Post 8254600 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
In other words, MMITECH does NOT know what the fuck he is talking about.... He just wants to chime in with some supposed words of wisdom.. and then he will get all emotional when people do NOT seem to agree with him or want him to explain further.
It is like he is saying "is" means "is" "and don't get me splain it more."
and you are butthurt about it
wisdom talk from mmitech at Adam's wallobserver, this would make a good web series, but I am sure you would be the only reader.
Edit: you wont be on my ignore list anymore, the price is kind of boring and wall observing is also getting boring, and I know you are a butthurt aggressive bastard, so I think we need your explosive attitude and wisdom toward me..... you know it is kind of fun.
1233.
Post 8254686 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).
and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.
well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
1234.
Post 8254890 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).
and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.
well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
Why have you become such a fucking asshole? Huh? You used to be a nice guy. Now you are just an asshole.
I was you that made the decision to sell your BTC and go all in on LTC. Thats on you. Not anyone else. So, if you're going to be angry, be angry at yourself.
Why are you even on here at all? Just to make others miserable?
where did you get that from? I am not being an ass whole even to those who deserve it, and I've never blamed anyone for any decision I've made even when it turned out to the worst case scenario....
the other thing is what I wrote above is all true, people hate the truth, I wont be a pumper for any investment anymore, I will point out the truth (at least what I think is the truth) even if most people wont like it, I will be honest with my self and with others even if it hurts.
1235.
Post 8254938 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
In other words, MMITECH does NOT know what the fuck he is talking about.... He just wants to chime in with some supposed words of wisdom.. and then he will get all emotional when people do NOT seem to agree with him or want him to explain further.
It is like he is saying "is" means "is" "and don't get me splain it more."
and you are butthurt about it
wisdom talk from mmitech at Adam's wallobserver, this would make a good web series, but I am sure you would be the only reader.
Edit: you wont be on my ignore list anymore, the price is kind of boring and wall observing is also getting boring, and I know you are a butthurt aggressive bastard, so I think we need your explosive attitude and wisdom toward me..... you know it is kind of fun.
You will NOT last too long b/c you seem to be kind of an emotionally charged fellow... who runs off from time to time in drama. Well, there are a few drama queens in this thread, so you are NOT alone.
Further, it seems that you cannot resist name-calling when you are at a loss for constructive commentary, but I wish you luck in working on these skills.
I did expect you to do better than this, but it is ok for a start, keep'em coming
1236.
Post 8254983 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
where did you get that from? I am not being an ass whole even to those who deserve it
this made me luled.
Round 10 is it?!
I didnt see that
nice catch
1237.
Post 8255015 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).
and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.
well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
Why have you become such a fucking asshole? Huh? You used to be a nice guy. Now you are just an asshole.
I was you that made the decision to sell your BTC and go all in on LTC. Thats on you. Not anyone else. So, if you're going to be angry, be angry at yourself.
Why are you even on here at all? Just to make others miserable?
where did you get that from? I am not being an ass whole even to those who deserve it, and I've never blamed anyone for any decision I've made even when it turned out to the worst case scenario....
the other thing is what I wrote above is all true, people hate the truth, I wont be a pumper for any investment anymore, I will point out the truth (at least what I think is the truth) even if most people wont like it, I will be honest with my self and with others even if it hurts.
Bullshit. You sold btc and bought ltc because you thought it would make you ALOT of money. Not because LTC is superior or isnt "pumped" or whatever. There was no moral or social reason you did that. You did it for profit.
So stop criticizing people for cheerleading btc for profit. You are in a trading and speculation thread for Christ sakes.
of course I did it for profit, why the fuck would I trade ? to lose money ? I am all about profit, I always say I trade only for profit and literately don't give a fuck which coin is.... so you must be getting it all wrong
1238.
Post 8255109 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).
and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.
well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
Just because there is a decent potential that Bitcoin could collapse at one day in the future does NOT cause bitcoin to be a pyramid scheme or early adopters to be suckers.
There are a lot of potential scenarios for a bitcoin collapse and some of those scenarios involve a near immediate collapse, other scenarios involve a long and drawn out collapse and other scenarios involve a collapse that is hundreds of years in the future.
In other words, your giving great weight to a potential and in your implied "inevitable collapse" of bitcoin does NOT provide sufficient specifics in order to denigrate it's current status to some sort of "scheme."
I will argue that it wont be hundred of years, I dont know even if it will last 20 years before it collapses, there is many theories why it would happen, we've talked about it many times, the thing is I think the world in 10-20 years is not going to be the same as we see it today, I dont think the fiat systems will hold for long as well, but I am trying to figure out what the outcome will be...
the wars that are happening now will have a huge impact on the picture of our lives in the next 20 years (if we will be safe to live that long), and I just dont see Bitcoin in the picture.
1239.
Post 8255162 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).
and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.
well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
Hey, Mmitech Jr: Get off your dad's account or you'll get in trouble.
I will make sure he wont find about it
no seriously, I might be a little harsh lately, but I wont take all the credits, people are getting more nervous and intolerant, the only time people are cheering here (bulls and bears) is when a bubble happens. so we need one ASAP.
they like it when you say what they want to hear, even if you draw some nonsense lines on a chart ( as I was watching lately), but the moment you say anything they don't like ( and most of the time it is true) you become the asshole imbecile and the low life that no one want to hear.
1240.
Post 8255442 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
I will make sure he wont find about it
no seriously, I might be a little harsh lately, but I wont take all the credits, people are getting more nervous and intolerant, the only time people are cheering here (bulls and bears) is when a bubble happens. so we need one ASAP.
they like it when you say what they want to hear, even if you draw some nonsense lines on a chart ( as I was watching lately), but the moment you say anything they don't like ( and most of the time it is true) you become the asshole imbecile and the low life that no one want to hear.
To be fair, the main issue I have is with your pyramid comment. The defining aspect of a pyramid scheme is that to continue to succeed, it must continue to grow indefinitely. Once growth stops, the whole thing implodes. Bitcoin has growth, as do many things in their early stages but the test is whether it can continue to be successful once adoption tails off. It's my belief that there is no reason this should not be the case for Bitcoin. So not a pyramid, more like a house.
Pyramid:
http://www.k6-geometric-shapes.com/image-files/pyramid-base-triangle.jpgHouse:
http://www-01.ibm.com/support/knowledgecenter/api/content/ssw_aix_53/com.ibm.aix.graPHIGS/doc/phigsund/figures/AFM24r02.jpgI assumed you would know this stuff. Hence the Jr comment.
assuming that most of us didn't join the community ( join as invested in), do you think that Bitcoin would be successful and would get all the hype in the media ? for Bitcoin to succeed as a value transfer mechanism or a currency it has to do allot of things. for example:
there is a theory about competing and efficiency, while I know and you know that Bitcoin can do somethings better than the old fashion banking system and the Fiat principals there is also a part of convincing people to adopt this technology, if you you wont make the difference so huge so people are convinced to jump in, then Bitcoin is simply in trouble, because the adoption rate will start descending and the usability of Bitcoin will also follow.
1241.
Post 8255534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical
fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin.
this is exactly what I was trying to say, you just did it better, thanks.
1242.
Post 8255538 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below. The only way that value gets transferred lower down the pyramid is to find more suckers below. None of these listed items are pyramid schemes, unless they are designed as such. Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
What you are writing is correct but you are arguing in a sophistry manner, bitcoin is no pyramid scheme, regarding the typical
fraudulent definitions. It's a semantic shift by mmitech, talking of pyramid scheme but meaning a pyramidical wealth distribution. Reading you, I get the impression that you are not silly (even as I would not agree with a lot of your quoted text) and you understood the regarding context. That the wealth of bitcoin is distributed as a pyramid - I think this is undoubtably. But as I said earlier, that is capitalism - not only bitcoin.
this is exactly what I was trying to say, you just did it better, thanks.
looks like you quoted yourself.
fixed, thanks
1243.
Post 8255725 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
O.K..... So fucking what?
If BTC does NOT last 20 years, then who gives a flying fuck. There is a lot of time between NOW and 20 years to adjust our investment portfolio.
We are investing today, and we can cross that next investment decision bridge when we get there or if we get there. For NOW, BTC is one of the best investment vehicles in town.... so why NOT invest into it, and see where it goes? If in 1 year or 2 years or 5 years, we need to reassess the situation and reassess our investment portfolio, then we will reassess the situation at that time.
I don't know why you are frustrated ? did I say it is not ? because now you are putting words on my mouth, the thing is like we say here: you are jerking off the air, I don't understand about what you are getting pissed off?
1244.
Post 8276990 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
interesting buys are happening, and bids are following to support the price.
1245.
Post 8298185 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
to be honest , I am not sure what to think, the price still doesn't seem right to me and the trend is just broken, I haven't been confused like this in a long time, I remember about this time a year ago I went all in and I can still remember the confidence I had about my decision... I just don't know why I don't have that anymore !!!
1246.
Post 8303066 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
monkey will buy it.
at the end, monkey is..... a monkey, they are usually easy entertained.
1247.
Post 8303093 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Bids filled. Waited for that since Sunday
Also thinking about moving funds on finex and opening some longs.
I see many here are buying back!
not buying back, just not yet.... the whole scene is just not convincing (yet)... feels good to be right when others calls you a troll for using your brain.
1248.
Post 8303636 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
Bids filled. Waited for that since Sunday
Also thinking about moving funds on finex and opening some longs.
I see many here are buying back!
not buying back, just not yet.... the whole scene is just not convincing (yet)... feels good to be right when others calls you a troll for using your brain.
Yes.. I know you tend to be selectively memory correct... How's your litecoin advocacy campaign going?
I made a shit load of money out of Litecoin (still hold a couple of coins), I thought I showed you screenshots ? you butthurt you cant handle me, to be honest I really don't give a shit about what you think anymore.
1249.
Post 8303904 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
In the past, if there was some sort of insider information, would the price drop unexpectedly because "manipulators" that knew this information was trying one last time to get cheap coins before this information was released?
Maybe I am dreaming here, but it could just be an attempt to "steal" a few more coins for a good price.
Maybe later this week there will be news such as "Winklevoss ETF approved" or something exciting like that.
I can dream can't I???
how that ETF will have any impact on price ? the contrary, investors that would go and buy on exchanges would use that ETF, the twin brothers need to liquidate their 100K+ coin somehow.
1250.
Post 8303996 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.03h):
In the past, if there was some sort of insider information, would the price drop unexpectedly because "manipulators" that knew this information was trying one last time to get cheap coins before this information was released?
Maybe I am dreaming here, but it could just be an attempt to "steal" a few more coins for a good price.
Maybe later this week there will be news such as "Winklevoss ETF approved" or something exciting like that.
I can dream can't I???
how that ETF will have any impact on price ? the contrary, investors that would go and buy on exchanges would use that ETF, the twin brothers need to liquidate their 100K+ coin somehow.
I think news of an Bitcoin ETF, even if it is the twins coins funding it at first, will spur major interest. But it doesn't have to be that. It could be something else entirely. Although news doesn't seem to move the price like it used to, unfortunately.
Like I said, just dreaming here.
I think all the news we see/read around is the reason why we are still at this level, the November bubble came really unexpected and we were overbought in all ways, the infrastructure is just catching up to this price level, but hey I could be totally wrong, supply and demand have a strange way of working.
1251.
Post 8304444 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Back to 3500 on OKCoin... dun dun dun!!! Below... panic. panic sell!!!
I really doubt the volume and activity on Chinese exchanges...
1252.
Post 8310314 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.
1253.
Post 8311952 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man
The utility of bitcoin is the sum of the benefits derived from its applications by its users.
The value of bitcoin is the size of its transactional economy over a given period.
The price of bitcoin is wherever the market happens to clear.
Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.
I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.
Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.
1254.
Post 8312009 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.
Did you not sell? What are you still doing here? It's a Bitcoin Forum....
so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side note, what I am doing is not your fucking business.
1255.
Post 8312313 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man
The utility of bitcoin is the sum of the benefits derived from its applications by its users.
The value of bitcoin is the size of its transactional economy over a given period.
The price of bitcoin is wherever the market happens to clear.
Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.
I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.
Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.
No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again)
PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not.
SUPPLY - DEMAND
VALUE - PRICE
PRICE is what you pay and VALUE is what you get.
This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh
I don't care what they taught you in school but a value of a thing is what it can be exchanged for (
which in our age is compared to the currency we use)...the price is defined by supply and demand.
your logic is the following: a horse shit value is very high because it can be used for agricultural needs, but because there is no demand and the supply is high the value didn't meet the price, is that what you want to teach me ?
1256.
Post 8312720 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
that chart doesn't seem to be working since the 4th of august.
from another site:
1257.
Post 8312965 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Nothing to do with school, I am just surprised we are back here again.
ok ... so do you have a wife or children? I usually do this with hand drawn pictures as the example but today I think fingers suit better...
So say you have a wife and children ? How valuable to you (and them) are their fingers? to me they are WORTH nothing... and the PRICE I give you for them
on the open market is $0
Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more
something something <snip>
look above, I did read to the end of that line and there you lost me.... a value of thing is not determined by my self only, it is determined by a whole community, if we think that the value (call it price if you want) of 1 Liter of milk is worth 1$ but then one farmer based on the miracle of grass and water going into the cow and turning out as milk (and shit and pee) think that that liter of milk is worth at least $1000, that farmer is going to have some bad time selling his shit. but if 20% of farmers think so then there is 20% of greedy motherfuckers, because 80% disagree.
we can go on and on trying to define this (I am wrong with the possibility of being right), but I personally am not buying that theory, wherever I go I pay €€ as a value of a thing. the value translate to that €€ and I didn't see yet in my life a community agrees on something having more value but lower price!!! in fact that just doesn't make any sense to me.
Edit: did read to the end and I just realized where your confusion is, you are defining the
filthy capitalism.
1258.
Post 8314813 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Nothing to do with school, I am just surprised we are back here again.
ok ... so do you have a wife or children? I usually do this with hand drawn pictures as the example but today I think fingers suit better...
So say you have a wife and children ? How valuable to you (and them) are their fingers? to me they are WORTH nothing... and the PRICE I give you for them
on the open market is $0
Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more
something something <snip>
look above, I did read to the end of that line and there you lost me.... a value of thing is not determined by my self only, it is determined by a whole community, if we think that the value (call it price if you want) of 1 Liter of milk is worth 1$ but then one farmer based on the miracle of grass and water going into the cow and turning out as milk and shit and pee think that that liter of milk is worth at least $1000, that farmer is going to have some bad time selling his shit. but if 40% of farmers think so then there is 40% of greedy motherfuckers.
we can go on and on trying to define this (I am wrong with the possibility of being right), but I personally am not buying that theory, wherever I go I pay €€ as a value of a thing. the value translate to that €€ and I didn't see yet in my life a community agrees on something having more value but lower price!!! in fact that just doesn't make any sense to me.
I agree to an extent-
and I was reducing to the absurd to make a point... Also I should have said your loved ones fingers were WORTH nothing to me not the PRICE was nothing to me... price is price and value is subjective. PRICE and VALUE
do have a linkage - not saying they do not, but they ARE DIFFERENT.
....and yes when you broaden it out of course the community plays a part - but as I said I reduced to the absurd, so in the fingers example you did represent the entire community....... but my point remains... PRICE and VALUE and WORTH are different things no matter how you dice it up BUT they are all interlinked and interlinked with SUPPLY AND DEMAND... but interlinked as they may be they are still
different things....
Price and value affect each other however price and value are not the same thing.. there is also supply relationship and demand relationship and market equilibrium (competition) to take into account fair enough...
And yes sometimes society does place a lower agreed price on something with a higher value to society- for example society as a whole places more VALUE on water than they do on mobile phones, but water is cheaper than mobile phones...even cheap crappy ones (and no it makes no difference that your mobile phone company gave you your phone for free) Water is more valuable than mobile phones to society an everyone knows this (indeed we need water to make mobile phones) and at the moment mobile phones have a higher price than water...but if at anypoint water became scarce (i.e supply
dries up) then water will be in higher demand, with less supply, and somewhere where equilibrium is reached the market will agree upon PRICE. Same with phones- less supply, higher demand, and the price will increase... but water still has more VALUE to the collective than mobile phones.
Even though subjective and collective VALUE of water is agreed by all to be very high (regardless of supply and demand) however its PRICE will be lower or higher depending on the supply and demand.
Also if I want to dig a hole, to dig for water say... to survive, then I may pay the price of $15 to one manufacturer of shovels, or I may get a better deal and pay $10
from a different supplier... however the reason I place any VALUE on the shovel, is because I need the HOLE... the VALUE is not in the shovel itself, but it is in the HOLE it can dig... of course I will buy the same shovel from the person selling it for the cheapest price...
.....but say there was a shovel shortage, and shovel prices went up... all of a sudden the PRICE of a shovel is $200 or $250 from their competitor... the quesiton now is... how much is the HOLE worth to me? is it worth the $200 PRICE of the SHOVEL? if the answer is no, then I am NOT paying that PRICE for that shovel because the HOLE is not worth $200, the shovel simply does not jusify the PRICE because the VALUE of the shovel is in the HOLE and as I can for example pay my neighour $50 to take water from his stream for the year... therefore I am not going to pay the price of $200-250 for a shovel, because the PRICE of the shovel really did not matter... what mattered was the value I placed in theshovel, because I needed to dig a HOLE with it, that is the only reason the shovel had any VALUE to me... in this case if the PRICE exceeded the VALUE I get for the shovel, then I would not pay that PRICE...because the PRICE was higher than the VALUE to me.
However if my neighour placed a price on using his stream at $500 for the year, then all of a sudden maybe I would have placed a higher VALUE on the shovel beause the value of the shovel is really the value of the
the HOLE I NEED TO DIG in that case I would pay the shovel salesman his $200 , and dug my hole ,
in this case the VALUE exceeds the PRICE and the shovel salesman gets his $200-$250. However the PRICE of the shovel only comes into play if it exceeds the VALUE that the shovel represents.. it could be $10, $50 or $500 - it all depends on the utility of the shovel to me.
So if VALUE and PRICE can swap places like this... does it not stand to reason that they are NOT the same thing?Maybe Aminorex is right however in that we may be arguing semantics here...
Talking of digging holes...
now I get what you are trying to address, but I don't know how is Bitcoin more valuable than the price it translates to today.... and I don't know how all the millions pushed from VCs into Bitcoin and the ETFs and regulation and....made it more valuable, I didn't see any additional use from these companies that got that shitload of money, in fact Coinbase and Bitpay and Bitstamp and... all existed and were doing what they are doing today, and ETFs are somehow a way to unload the hundred thousands of coins bought from $0.10-100, just look at this thin order book and everything will be crystal clear.
all I see around, is early adopters who had thousands of coins who became rich overnight and become a greedy bastards that have no idea about investing and are wasting money all around silly projects and products thinking they've got it all figured out, these project aren't adding any real value, and 70% of these businesses created because of bitcoin, doesn't make any sense and I cant see any real use of them (speaking as a bitcoin user), in fact I see more gambling sites, mixing services and fraud schemes and scams than I saw first time I knew about Bitcoin 2 years ago, where do you see the value here ?
as a technology Bitcoin was meant(or supposed to be) for the poor, the unbanked, and the over banked, but the biggest use of bitcoin today is speculation (more than ever) and becoming rich, everyone tells you how will you become a millionaire if you hold, no one tells you how can we make it simple to help people in Africa. (I am one of them to be honest)
how much value is in that ?
1259.
Post 8318799 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
I'm a bull and just sent 5k to the exchange. I'm buying while
all you dipshits sell.tells allot about you.
1260.
Post 8319213 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.
sold some at $1060, $980 and $630 and the rest yesterday at $585 and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.
I do not know what emotions are
http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gifthat guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman and not gay if you are a guy) so stop trying
1261.
Post 8319376 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.
sold some at $1060, $980 and $630 and the rest yesterday at $585 and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.
I do not know what emotions are
http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gifthat guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman, and I am not gay if you are a guy) so stop trying
what ?
by that guy I meant JayJuanGee, and I quoted you by mistake, otherwise I didn't understand the meaning of that gif.
1262.
Post 8319411 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?
I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time.
1263.
Post 8319694 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?
I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time.
When you say you have lost $5K how exactly did you lose it?
for not taking action at the right moment when my sentiment changed, in other words lost the chance to make a $5K more...
1264.
Post 8319887 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?
I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time.
When you say you have lost $5K how exactly did you lose it?
for not taking action at the right moment when my sentiment changed, in other words lost the chance to make a $5K more...
Ohhh I see so you lost out on making $5K not lost $5k - there is a difference... you cannot lose something you never had... you missed an opportunity..
the old 20/20 hindsight psychology... that my friend is a bad road to go down.... you have got to admit... losing a hypothetical $5k is not much to cry about and also far far far better imo than having sold and have the market jump against you upwards by $200 then you really
would have actually made a loss.. and the market will do it to you ake no doubts about that, if you play that game long enough....it will bite you... far better to cry over the hyptohetical loss of gains you could have had than to take the hit imo... far better..
never cried about it, if I would start crying, I would cry about not going all out at $1060 instead of selling only 10-15%, BTW I didn't have that much of BTC , I had less than 100 BTC, and I've never used leverage, I tried trading on Finex only once and it was fraustrating so I stopped using it.
1265.
Post 8328546 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
oops....where are we at now ?
1266.
Post 8328864 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
...
this graph could also be applied to the quality of your posts
So you think the quality of my post is crashing because I am bearish? because I don't post picture of trains and rockets ? yet I have been telling you this for almost 3 months and everyone started to hate me for this
the quality of thinking in this community is following that chart.
1267.
Post 8328961 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
...
this graph could also be applied to the quality of your posts
So you think the quality of my post is crashing because I am bearish? because I don't post picture of trains and rockets ? yet I have been telling you this for almost 3 months and everyone started to hate me for this
the quality of thinking in this community is following that chart.
I don't know... I kind of liked your posts better before you started very obviously talking book in more than half of them. Which seemed to coincide with you turning mostly negative on market outlook.
don't you think that I was turning negative for a reason? don't you see what kind of a joke this community is turning to ? no voice of reason, no common sense whatsoever... and BTW I've never insulted you in any way but you did call me and imbecile just for fun...
1268.
Post 8329118 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
That bubble pop chart again.. whenever it gets spammed around you know we are close to a bottom.
they usually spam the 6h or 12h charts this is the 1w chart, this means that the whole Bitcoin thing is looking like a bubble, there is a big chance that price will fall down and than a normal growth will start. translation: no more bubbles. but stable and constant growth.... and I wish that will happen, so most of the greedy bastards here will learn a lesson.
1269.
Post 8329178 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
don't you think that I was turning negative for a reason? don't you see what kind of a joke this community is turning to ? no voice of reason, no common sense whatsoever... and BTW I've never insulted you in any way but you did call me and imbecile just for fun...
The community has been that way for years though. It's just the echo chamber effect, although it's not nearly as bad here as on Reddit due to the format.
Thing is, even on this Speculation forum I'm guessing the vast majority just have the intention to buy and hold while cheerleading the price and badmouthing "the bears". So understandably, as a non-trader, a Bitcoin cultist is naturally inclined towards ignoring pieces of negative evidence since that could lead him to make bad decisions in his framework of Buy and Hold (and maybe average down) in which you shouldn't be influenced by emotions. Thus, the best thing to do for your emotional make-up is maintain a positive attitude at all times.
I have to say though
you grew pretty bad yourself mmitech, it's just embarassing when you feel the need to brag. Not saying you are worse than most others, but not much of a role model yourself.
you know when they say pour oil on fire... this is exactly what I was doing, I hate it and I hate my self for doing it, but I found that it is a cure for many idiots here.
1270.
Post 8329364 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
look at that thin order book.... 20K BTC in bids against 13 million BTC in circulation, all exchanges combined doesn't make for 100K BTC in bid side.
1271.
Post 8329712 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Let´s see if 500$ holds for the rest of the week.
$300 in a couple of months
1272.
Post 8329786 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Let´s see if 500$ holds for the rest of the week.
$300 in a couple of months
Why not make it $200? Or $100? Hell, just say $50, you need to troll correctly!
$100 is possible considering a panic flashcrash event.
1273.
Post 8330186 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
someone made me smile yesterday when he said "if you turn your screen upside down everything will look great"... exactly as planned, a bubble in the wrong direction.
1274.
Post 8330393 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
the most fucked up at the moment are miners, an investor or a trader can close his position to cut his loses anytime, but miner will be stuck with a non profitable hardware that cant sell, above all of that he has to pay for mining costs (power, internet, maintenance, rent....)
1275.
Post 8331127 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
the most fucked up at the moment are miners, an investor or a trader can close his position to cut his loses anytime, but miner will be stuck with a non profitable hardware that cant sell, above all of that he has to pay for mining costs (power, internet, maintenance, rent....)
Not true, depends where you are in the cycle. My miners have paid themselves off and continue mining at a cost of $190/BTC. So how am I "most fucked"?
Sometimes it helps if you know what you're talking about. You obviously don't!
what miners do you have ? and how did they pay off ( in term of BTC or $) ?
1276.
Post 8334742 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
the most fucked up at the moment are miners, an investor or a trader can close his position to cut his loses anytime, but miner will be stuck with a non profitable hardware that cant sell, above all of that he has to pay for mining costs (power, internet, maintenance, rent....)
Not true, depends where you are in the cycle. My miners have paid themselves off and continue mining at a cost of $190/BTC. So how am I "most fucked"?
Sometimes it helps if you know what you're talking about. You obviously don't!
what miners do you have ? and how did they pay off ( in term of BTC or $) ?
They are BitMain S1 miners, which I purchased with bitcoins directly from China. They're no longer made but still pumping. They are paid off both in terms of $ and BTC. I did have to buy some BTC to purchase the early ones, but when I look at the average cost of the BTC I used to purchase (around $375) and subtract their $ cost, plus electricity, power supplies, extra fans, etc. from the current value of the BTC they've mined so far I'm up about $1100 and they're still mining at $190/BTC. I'll keep mining them as long as they stay profitable.
Of course, if I was to count my time spent setting up and maintaining I'd be in the hole, but like most it's also a hobby. I was also lucky to buy the initial BTC I used for the initial purchases at a lower price and to use the earlier more profitable mined coins (when difficulty was lower) to purchase the follow on miners.
really happy to hear that mining started to be profitable again, I mined on GPUs when diff was around 6 millions, price was around $13, but not for so long, few months after Avalon started shipping, price started skyrocketing, it was still profitable because the diff. didn't catch up to the price, I tried to get an Avalon but pre-orders were going for around 400-500 BTC which didn't seem worth it, and I couldn't pre-order because I missed the 1st and 2nd batch but the third batch the site was so slow because of traffic, everyone was waiting for the opening, I was hitting refresh button desperately but everything was sold (and I was lucky I didn't buy, it turned to be a disaster), so I slowly sold my GPUs and each time I sold some I sent money to stamp and bought the equivalent of BTC.
I checked the mining scene later (tried to get back to mining), every deal I calculated wasn't going to ROI and I literally mean every deal(in both terms $$ and
BTC) it would only fill the pockets of the manufacturers, I think except Avalon batch 1 all other mining equipment was a shit deal, mining blades of 10GH/s were selling for 40-55 BTC. BFL singles were selling for 250-300 BTC... I paid 15 BTC for 3 jalapenos late August 2013 (for fun) I didn't even mine one week on them to realize what that fun had cost me.
1277.
Post 8334956 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
we don't know for how much the coins went...
1278.
Post 8335516 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
YOU must be losing lots of money in recent times, the way you are trading...?
I opened shorts@ 555$ closed them @ around 525-535$. Made up for my loss for not selling @ 580$. I´m okay with that for now. Bought back my Bitcoin @535, but have not went leveraged long. I´m going to sell and probably short(dependent to the circumstances if we should go up there) around 560-580$ again. That´s my plan for the next days. And you?
he Hodl, I don't know why hodlers bother reading this subforum when it is mostly for traders, they get pissed and they start crying and attacking others and make a whole scene of drama, I change my sentiment about my trades many times a week, hell sometimes I change them even few times a day, therefore, I would suggest hodlers to go to reddit.com/r/bitcoin it is a better place for their mental health.
1279.
Post 8336608 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
we don't know for how much the coins went...
True, but is was widely speculated that they went for approximate market price or slightly over.
I think ~600,00$ was a pretty reasonable guess.
Well, it has been widely speculated that the Earth was flat and the Sun traveled around it.
It seems
likely that the price Draper paid was somewhat below market (574--590$ on Bitstamp, Jun/27, 06:00--18:00), partly because it would be a rational bid, but mostly because if he had paid at or above market he would probably have said so, to support the price. Said another way, one possible explanation for why he and Siebert refused to reveal their bids is that the price they offered would have been "bad news" for the market.
As for the other end of the range, we have only one bid that was revealed, in the low 400s.
So, it could be anything between those two numbers. My guess is that it was between 500$ and 550$. It would have given him a 10--20% profit, if he sold at market in the following weeks.
even $500-550 seems too expensive if you ask me, selling 30K
BTC in this weak market would bring as back to $300 right away, but even buying that much would take us beyond $700, and we both know that big trades happens off exchanges which make your explanation logical and closer to what have happened.
1280.
Post 8336842 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
it really all depend on how Bitpay process these transaction and on how you set your Bitpay account, usually most merchants needs cash in order to operate normally so they converts 100% of the transaction to fiat, but there is who set their accounts to keep a percentage of any transaction in Bitcoin, so the owner of this estate could cash a small percent and held the rest in Bitcoin ?
I really don't know how Bitpay/coinbase process their transactions, it would be interesting to know about that.
1281.
Post 8337496 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
the next video is a gift for perma-bulls (I found it in the dark thread), being a bear doesn't mean I hate Bitcoin, I love making profit therefore I love Bitcoin
Click the picture to watch the video
while I hate Max keiser and Roger ver the rest seems to be ok, on a side note shrem gained some weight
1282.
Post 8345175 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
400 incoming
1283.
Post 8345210 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
the long term chart ( 1w) is looking so familiar to a hated chart that everyone gets pissed about and start crying when posted here.
1284.
Post 8345434 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Whoever is leverage trading without a stop loss is fucked big time, just yesterday I was reading on reddit about a guy who lost more than $150K worth of Litecoins because of that.
We will see many stories like that around in the next couple of months.
1285.
Post 8349656 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.
The more ppl speak like you (and the less they speak like me
) the better, because that much closer to the bottom we are.
But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.
It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.
Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a
real backup, vainly sought after for 2-3 years.
The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.
I like what you did there, pouring oil on fire
1286.
Post 8349805 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.04h):
Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.
The more ppl speak like you (and the less they speak like me
) the better, because that much closer to the bottom we are.
But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.
It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.
Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a
real backup, vainly sought after for 2-3 years.
The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.
I like what you did there, pouring oil on fire
I beg to disagree
Casually dropping some info about your at-noon breakfast of roasted liver with wine, in the middle of a capitulation that'll cost quite a few investors dearly, is the real oil-on-fire. Which is why I got the Marie Antoinette association.
which fits my theory better...
1287.
Post 8352041 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
IMO we are a couple of months away from the bottom, we will still trade side ways but the big picture (1w MACD confirms that) is telling me that we are just not there and it will take some time.
I hope I am right, because I took the aggressive way of trading by going all out... and I have no open bids yet, I have no idea where I will put my bids but I will decide later when the picture is clearer.
1288.
Post 8352653 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.
Oh please. Do you know how many people he's hurt with his "decent data and/or historical perspective?" You do know he thought BTC would be at $10k back in late 2011/early 2012 right? And was actively promoting such stupidity?
nope he said that BTC would be at $100K in 2013 I remember that crystal clear, and only delusional noobs that couldn't reach anything in life believe's him and become totally blind because of that. I didn't see a single technical analyze that he claim to be good at... even the number of users/holders and adoption rate that he claim that he can calculate is pulled out of his ass, I would love to see him explaining where he gets the numbers from, I did math for a good part of my life so I am sure I would understand or at least try to
1289.
Post 8353339 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
enough of Risto cheering, he have a thread for people to lick his ass, please move there and pray to his mighty if you want.
1290.
Post 8353408 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
enough of Risto cheering, he have a thread for people to lick his ass, please move there and pray to his mighty if you want.
You really ought to STFU, you are the worst flip-flopper there is. Everybody knows it. So we should follow your divine predictions instead?
back to the ass licking thread, here we do real analyze with some casual trolling for fun and freedom of speech is our religion
1291.
Post 8353458 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
...
Risto may be a little looney and crazy from time to time, but you are NOT even in the same league...
No one who hasn't been committed to a mental hospital is "in the same league."
these guys are hilarious....they are the Bitcoin pionners, and we are the low lives....man it is so fun to be here
1292.
Post 8353491 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
...
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time...
Nah!
That wasn't my quote, BTW. But your picture did make me laugh.
(I think even Risto knows this is "over the top" and is having fun himself though.
)
brace yourself Risto the prophet of Satoshi will make you rich.... wet dreams and delusions.
1293.
Post 8354846 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.
Oh please. Do you know how many people he's hurt with his "decent data and/or historical perspective?" You do know he thought BTC would be at $10k back in late 2011/early 2012 right? And was actively promoting such stupidity?
nope he said that BTC would be at $100K in 2013 I remember that crystal clear, and only delusional noobs that couldn't reach anything in life believe's him and become totally blind because of that. I didn't see a single technical analyze that he claim to be good at... even the number of users/holders and adoption rate that he claim that he can calculate is pulled out of his ass, I would love to see him explaining where he gets the numbers from, I did math for a good part of my life so I am sure I would understand or at least try to
Risto may be a little looney and crazy from time to time, but you are NOT even in the same league. You are like in pee wee T-ball league, and he is in the professional league (or close to it).. much differences between the analysis that two of you tend to provide, at least from what I have read. And, part of the problem is that you are too blinded to see your own various blatant deficiencies.. including your frequently occurring lack of decent communication skills.. and inability to control your emotions and frequently getting both defensive and offensive.
By the way, I am NOT conceding that I agree with the various TAs that Risto posts or his conclusions or what I perceive to be his over reliance on math.. but he tends to do a fairly decent job of justifying and defending his TAs based on math. Actually, as I am writing through this, I have a problem with so much reliance on math to cause rosey pictures, but that is another issue that is beyond the point that I am wanting to make here about you, mmitech and risto being in different categories of Bitcoin communication skills.
this is just for you
1294.
Post 8354983 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.
Oh please. Do you know how many people he's hurt with his "decent data and/or historical perspective?" You do know he thought BTC would be at $10k back in late 2011/early 2012 right? And was actively promoting such stupidity?
nope he said that BTC would be at $100K in 2013 I remember that crystal clear, and only delusional noobs that couldn't reach anything in life believe's him and become totally blind because of that. I didn't see a single technical analyze that he claim to be good at... even the number of users/holders and adoption rate that he claim that he can calculate is pulled out of his ass, I would love to see him explaining where he gets the numbers from, I did math for a good part of my life so I am sure I would understand or at least try to
Risto may be a little looney and crazy from time to time, but you are NOT even in the same league. You are like in pee wee T-ball league, and he is in the professional league (or close to it).. much differences between the analysis that two of you tend to provide, at least from what I have read. And, part of the problem is that you are too blinded to see your own various blatant deficiencies.. including your frequently occurring lack of decent communication skills.. and inability to control your emotions and frequently getting both defensive and offensive.
By the way, I am NOT conceding that I agree with the various TAs that Risto posts or his conclusions or what I perceive to be his over reliance on math.. but he tends to do a fairly decent job of justifying and defending his TAs based on math. Actually, as I am writing through this, I have a problem with so much reliance on math to cause rosey pictures, but that is another issue that is beyond the point that I am wanting to make here about you, mmitech and risto being in different categories of Bitcoin communication skills.
this is just for youYou are so, communicative, creative and verbally expressive,
Well, maybe this is better communication than your usual posts...
NOT.
this means I cant waste my time typing words and figuring a way so a retard like you would understand, this picture does it...but who am I kidding, I know that you still don't get it.
1295.
Post 8356599 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Been an interesting day. Would like to say we're done with the move, but I can't honestly claim I see that. Maybe if we draw a line at 511/2 and stay above. More likely, imo, that over the next few days we enter the 400s and stay there for a while. Wouldn't be the end of the world either if that happens.
my selfish hopes are for $200-300 coins, no problem, I can wait few months for that.
1296.
Post 8364785 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
This guy have such a talent that reminds me of the economists on this board.
Click on the image to watch
1297.
Post 8368296 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
2-Or will it follow the technicals and go even lower but recover in a long and slow period ?
I will not rule out your very bearish chart, but it does not look very technical. There are very strong support levels/trendlines to break, even a lot more stronger than the 440,00 support, so this is very a premature scenario. It's the contrarian extreme to delusional bull scenarios
add your vote here
https://bitcointalk.org/index.php?topic=740618.0
1298.
Post 8368580 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
I think that this will be the last chance to get coins at < $500!
but you always think that is the last chance, nothing new. let me guess this time you really feel it ?
1299.
Post 8368617 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
I think that this will be the last chance to get coins at < $500!
but you always think that is the last chance, nothing new. let me guess this time you really feel it ?
One of these days I will be right. Then I can say "I told you so." Women love doing that.
I love doing that as well, in fact soon I will tell you that
1300.
Post 8368665 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
I think that this will be the last chance to get coins at < $500!
but you always think that is the last chance, nothing new. let me guess this time you really feel it ?
One of these days I will be right. Then I can say "I told you so." Women love doing that.
I love doing that as well, in fact soon I will tell you that
Alrighty then. We will see who has bragging rights.
I know it is not your opinion, it is what Risto filled in your mind, you don't have an opinion of your own like many here.... you will now tell me that you really do, but if we isolate you from the forum for a month and ask you the same question you will have no idea...
1301.
Post 8368745 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
rpietila's latest gem:
The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.
you know, many people pointed to me that I hate him because he is Rich and successful, the thing is I don't give a single fuck, I hate him because of the delusion he is planting on these users, he is really dangers, same as any other scammer.
as for his talent and success, he is as talented and rich as this person:
Click on the image to watch
1302.
Post 8369088 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
rpietila's latest gem:
The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.
you know, many people pointed to me that I hate him because he is Rich and successful, the thing is I don't give a single fuck, I hate him because of the delusion he is planting on these users, he is really dangers, same as any other scammer.
as for his talent and success, he is as talented and rich as this person:
Click on the image to watchThe sad part is that guy is making serious money off of being horrible. Those youtube adds pay between $.03, and all the way up to $8 per play. He has 50,000,000 views on his channel. Even at .03 each add that's $1,500,000. He knows what he is doing. I guarantee he has no delusions as to how awful he is.
and this was exactly my point, these noobs after Risto are just fucked, he sold a shit load of his coins to buy a "castle" and he tells them to hodl and not even sell... what a **** head. then they tell you he is adding something to Bitcoin economy
how these Devs feel when they see such things , how does people who put real time and money toward building the infrastructure feel when they see that **** head and people following him, how can real economists feel when they see someone promising people to be rich and have castles and fancy cars and cigars ? isn't the only thing that separate Bitcoin from being a ponzi is that no one promise anyone anything ?
1303.
Post 8369125 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"
you guys really really suck at this.
no one said sell, we are not giving anyone any financial advice, just find one post where I told anyone to do anything ? we are discussing walls and life matters like we always do
1304.
Post 8369169 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Can you guys learn to prune quote trains? Just sayin
But what if a person knows that they are not wise when it comes to investments? Shouldn't they get advice from someone who is successful?
Do you really consider all early adopters "successful" investors? And if so, does being a successful investor necessarily mean an investor's success is from wisdom and not some other circumstance?
Many early adopters are no longer involved with Bitcoin, so I would say if they were able to survive the storms to get this point then they are successful.
Sure, it could be a little luck thrown in too, but if you haven't read some of Risto's threads (such as his Sane and Simple Savings plan for one example) then you don't really get that he has excellent advice for making wise decisions when it comes to investing in BTC with very little risk to those of us that are somewhat risk averse.
Granted, many on here love the thrill of the "gamble" and do very well day trading. I learned early on that I was not good at it. I am too emotional and it is really hard to time the trades well. So I buy and hold and so far it has been a great strategy.
so 1
BTC really bought you? next time you should pray to him instead of your god, because your logic says that your god doesn't get any credit to anything but risto does...
1305.
Post 8369183 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Occasionally he is right about small, short term movements
As far as I can tell, he gets the big ones right in the ways that count, and sizes appropriately to optimize the expectation. The small short-term ones, not so much. I think my monkey does better in fact. To be fair I don't think he generally cares about the small short-term ones.
Perhaps someone with more time than I have can go through kireinaha's posts and back-test them?
you are a paid shill by him as well. and it is public.
1306.
Post 8371920 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
2-Or will it follow the technicals and go even lower but recover in a long and slow period ?
I will not rule out your very bearish chart, but it does not look very technical. There are very strong support levels/trendlines to break, even a lot more stronger than the 440,00 support, so this is very a premature scenario. It's the contrarian extreme to delusional bull scenarios
Edit: Post deleted.
Mmitech deletes a lot of his posts b/c he does NOT want to lock into any of his all over the place and ever changing theories
I never delete my posts for that reason, here you go you retard, it was moved to a new thread...
1307.
Post 8371947 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Farewell 400's. May we never see you again.
ops we just did again... Risto ?
1308.
Post 8372955 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
the chart above is bearish more than bullish, only $25M on Bids? and not everyone leaves their BTC sitting on exchanges for long time, especially after the Gox Fiasco... usually when the price goes up a bit orders start building.
1309.
Post 8374046 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Can this market be even more pathetic?? It follows fake chinies exchanges like sheep
I found out it is much better to trade alts (in my case xmr) which aren't so manipulated by fake chinies exchanges!!
did you just say xmr is not manipulated
are you in the pumpers group or Risto ? and BTW clearly the Chinese exchanges are following the western ones...
1310.
Post 8378080 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
good morning, a shameless $5 million on the bid side....
1311.
Post 8378710 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
are the banks getting scared? last night my account got frozen when I tried to buy a bitcoin, just like they don't with every other transaction I make online.
Their excuses were very wish wash today and seemed to change during the conversation. Ending with "it would be good not to make another transaction for 24 hours" wtf is that
try to change your bank ? or open a new bank account only for bitcoin ? Unicredit Slovenia was/is a great bank in make case, never had a problem with them, but now that Bitstamp for some reason changed their bank and closed the old account at unicredit bank, I am really curious what will happen next time I make any bitcoin related transaction.
1312.
Post 8379796 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Maybe we have a reversal. Let's hope the volume supports this for a proper CCMF.
Hodl !!!!!1 ?
1313.
Post 8381207 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
Did I mention, I think now is really a good time to BUY BUY BUY BUY BUY BUY BUY!!!! We've struck the Ocean floor... time to swim!!!
nah, I think we are still far away from the bottom, not going to buy....just not yet.
1314.
Post 8383631 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
I´m almost 100% sure that all of those smallish investors that sold their Bitcoins on Stamp or China in the last weeks will withdraw their money and invest it in e.g. U.S. bonds. Therefore the value of BTC will probably go near 0-1$
anything marked as US will fail in the next few years... I have some money in the bank that I am not comfortable about leaving there, but liquidity is important for small/medium needs...so I am thinking about 2 possible scenarios, 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...).
1315.
Post 8383744 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
I´m almost 100% sure that all of those smallish investors that sold their Bitcoins on Stamp or China in the last weeks will withdraw their money and invest it in e.g. U.S. bonds. Therefore the value of BTC will probably go near 0-1$
anything marked as US will fail in the next few years... I have some money in the bank that I am not comfortable about leaving there, but liquidity is important for small/medium needs...so I am thinking about 2 possible scenarios, 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...).
US bonds? You might as well burn it immediately. At least that will provide some light and warmth.
exactly what I was saying, you may have to pay more attention to what you are reading...
1316.
Post 8384328 (copy this link) (by mmitech) (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.
1317.
Post 8384761 (copy this link) (by mmitech) (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?
we don't know yet, this is why we have to be prepared
shit maybe investing in some company that make weapons would be also wise...a really dark world we are living at, but it is about to get darker
1318.
Post 8384779 (copy this link) (by mmitech) (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.
ok then buy a shit load of guns to sell later
1319.
Post 8387812 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
I think it wont go more than 550...the bid side will build up and another dump will follow.
1320.
Post 8389086 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.05h):
We will never see <500 USD again
I've heard this so many times...
1321.
Post 8396500 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
to the " we will never see sub 500 again"... told you
1322.
Post 8396573 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
These dumps make me so tired...
you better go rest now, because we will have allot of these.
1323.
Post 8396924 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
mmmm, I think that the real bottom (that I am waiting for) is far away from today or this week, maybe not even this month, yes this means that we just entered a long bear market, unless some magic and huge buys comes in to fix what I am watching in the 1w MACD.
I've decided to invest only $20K back, because according to perma-bulls 1
BTC will make me a millionaire regardless, so why be greedy ? we have to leave some coins so others can be millionaires too
1324.
Post 8397029 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
@ChartBuddy, can you please explain to us how you generate that graphics or one website to found it? It doesn't appear on the "Explanation" section
chartbuddy is a bot
, you have to ask Ricky about that.
1325.
Post 8397050 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I love how people cancel their bids when the price is going down, it is like no one is really sure about what they want, this just confirm the "they buy high and sell low" theory
1326.
Post 8397250 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I've decided to invest only $20K back, because according to perma-bulls 1
BTC will make me a millionaire regardless, so why be greedy ? we have to leave some coins so others can be millionaires too
You will miss your entry point and buy back at a loss.
what entry point you are talking about ? I don't understand your post !!!
1327.
Post 8397805 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.
1328.
Post 8397936 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.
The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.
well, we don't drink from the same bottle do we ? I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.
1329.
Post 8398171 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
but at least he (Fonzie) claims to be making various investments in BTC.... and you?
You mean, help pay for Winklevum and Winklevee's new Ferrari? Sorry, I am not smart enough for that.
Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.
The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.
well, we don't drink from the same bottle do we ? I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.
It's not that he doesn't agree with me. It's that he doesn't seem to understand and respond to counter arguments and merely repeats his statements in different wording. It seems he's unable to participate in any intelligent argument.
well, I don't know, I really didn't come across this, I will pay more attention... but I still think he has some real good inputs... maybe I am more compatible with him than you with him ? I did notice that how people personally engage into a matter is really important in terms of how the audience usually receive it, for example, I cant stand Risto, and this is mostly because of the way he engages his audience, see this doesn't mean that everyone hates him, I did notice that he has some audience that goes all the way to defend him which is strange for me but understandable for them... maybe this is the problem with Jorge and many others here ?
also, maybe because we don't engage in person (face to face)there is many hidden expressions that could change the way a statement is received... for example: me telling you "oh screw you..." in person how you receive it would depend on the way I said it, if I say it with an angry face and hand waving you may get insulted and offensive but if I said it with a big smile/laugh you would receive it as a joke or a meaningless act.... but in the forums it is all different, I am sure that people don't understand each-other because of this problem add to that we are not all native English speakers.
1330.
Post 8400044 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post.
The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
1331.
Post 8400288 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post.
The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
pretty sure he means price will rise more then use, which is true, it will probably go twice as high as it should.
being a perma-bull made you blind, what he is saying is crystal clear let me repeat it:
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
1332.
Post 8400350 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post.
The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
Not a completely bad point, but in order to compensate for growing adoption, V would need to keep on rising. Exponentially, to compensate for exponentially rising adoption/usage. Not likely. Probably impossible in fact, considering the technical limitations and tradeoffs of the network.
In a thread a while ago, I made a (relatively simplistic) argument that, if Bitcoin is used as a method for Internet payments (and only for that) on the order of yearly Paypal volume today - a comparably modest goal, I'm sure you'll agree - and making a few extremely conservative estimates for the necessary parameters involved (including V), we arrive at a valuation of around $2000 per unit. The single biggest not-so-conservative assumption I am making is that those transactions are actually taking place
on chain, not
off chain, which could be an (unfortunate, because trust requiring) development.
(
Link to my post, the calculation is under Addendum #2)
Back to the topic: I set V_year = 10, which is a conservative value considering that actual velocity of Bitcoin is probably a lot lower currently. M1's V_year seems to be able to reach into the range of 10 (
WP link), but usually is lower, so if the Bitcoin network would be stable anywhere 10 it'd be a) pretty efficient, and b) the argument you mention, that increased adoption and usage doesn't lead to proportionally higher valuation, doesn't hold.
the only way to know how this theory will work in reality is to sit-back and watch how things will develop, although it would be really hard to get "real" numbers, but estimates could do as well.
1333.
Post 8400600 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post.
The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
V will be lower in a Bitcoin world than in a fiat world.
Right now inflation artificially increases V by encouraging currency holders to spend today rather than lose purchasing power tomorrow.
what does that mean
P= (M * V)/T assuming that the velocity will be much lower and transactions much higher then the price will:
a) stay somehow stable if transactions and adoption are almost equal.
b) rise slowly, with no bubbles whatsoever if the adoption is slightly more than the transactions.
c) can even drop a bit if adoption slow down and current holders start using it as a currency
which confirm the theory above "the use of bitcoin will increase 1000x, therefore the price will rise 1000x, I believe the first part, but I don't think the second part follows necessarily", dont you think ?
1334.
Post 8400660 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post.
The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
Not a completely bad point, but in order to compensate for growing adoption, V would need to keep on rising. Exponentially, to compensate for exponentially rising adoption/usage. Not likely. Probably impossible in fact, considering the technical limitations and tradeoffs of the network.
In a thread a while ago, I made a (relatively simplistic) argument that, if Bitcoin is used as a method for Internet payments (and only for that) on the order of yearly Paypal volume today - a comparably modest goal, I'm sure you'll agree - and making a few extremely conservative estimates for the necessary parameters involved (including V), we arrive at a valuation of around $2000 per unit. The single biggest not-so-conservative assumption I am making is that those transactions are actually taking place
on chain, not
off chain, which could be an (unfortunate, because trust requiring) development.
(
Link to my post, the calculation is under Addendum #2)
Back to the topic: I set V_year = 10, which is a conservative value considering that actual velocity of Bitcoin is probably a lot lower currently. M1's V_year seems to be able to reach into the range of 10 (
WP link), but usually is lower, so if the Bitcoin network would be stable anywhere 10 it'd be a) pretty efficient, and b) the argument you mention, that increased adoption and usage doesn't lead to proportionally higher valuation, doesn't hold.
the only way to know how this theory will work in reality is to sit-back and watch how things will develop, although it would be really hard to get "real" numbers, but estimates could do as well.
Agreed. But to highlight the main point of my argument (like you did in yours
) - we don't know yet exactly what V_year for the network will be, in the long run. If it's very low, theoretically per unit price would go up - only, it wouldn't because it would mean the network is too inefficient (at least a payment method). If it's very high, that'd depress unit price, but it'd be an incentive to use, because it would be efficient.
The only thing that is unlikely enough to call it impossible is that V could somehow "outgrow" even moderate adoption - considering that right now, we are actually seeing the opposite problem, that is: the unsolved question how to make Bitcoin scale to size as a global transaction network (block size limit being the main point here, to my knowledge).
I still dont get how the price will rise if V is low,
P= (M * V)/T means the greater V is the greater the price is, isn't it ? the case when the price will be high: if Transactions are low and both or one M or V rise greater than T.
1335.
Post 8401014 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I still dont get how the price will rise if V is low, P= (M * V)/T means the greater V is the greater the price is, isn't it ? the case when the price will be high: if Transactions are low and both or one M or V rise greater than T.
Velocity of money is defined as: V = T / M
(see:
http://en.wikipedia.org/wiki/Velocity_of_money)
For simplicity, we assume no. of coins in circulation to be constant, so we equate price with M. We can rewrite the above as: M = T / V, so it becomes clear that M ("price") decreases as V increases.
Or maybe I misunderstood the question?
the OP said
M * V= T * PM is the money supply which is 13 million and right now inflating with the rate of 10%.
V is the velocity or the frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period
T represent the number of transaction in the network.
P represent the price of a Bitcoin.
everything else just Math: P= (M * V)/T so in order that Price raise the Velocity has to grow faster than the number of transactions, this means adoption has to grow really fast and number of transactions must stay lower than the rate of velocity in order for the price to raise.... this is what I thought ?
1336.
Post 8401032 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
what does that mean P= (M * V)/T assuming that the velocity will be much lower and transactions much higher then the price will:
a) stay somehow stable if transactions and adoption are almost equal.
b) rise slowly, with no bubbles whatsoever if the adoption is slightly more than the transactions.
c) can even drop a bit if adoption slow down and current holders start using it as a currency
which confirm the theory above "the use of bitcoin will increase 1000x, therefore the price will rise 1000x, I believe the first part, but I don't think the second part follows necessarily", dont you think ?
First of all, you're doing it wrong.
P is not the exchange rate of the currency - it's the price of
good and services.
With M approximately constant, and with V approximately constant, increasing T means that the cost of good and services priced in Bitcoin will fall, a.k.a the purchasing power of a bitcoin has increased.
ah so with P he meant a price of a good... mmmmm let me try to read in wikipedia the whole definition.
1337.
Post 8401966 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?
If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.
Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.
He is trying to tell you that you didnt understand what he said, look "Bitcoin either expands until it becomes the money, or else it goes to zero(1)."
read the above twice or even 3 times, and comeback to laugh at your self, you did the same thing with me before
1338.
Post 8402323 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Fixed the link so that even the lazy people can click on it.
maybe you are right considering the long term scenario, but Alts make a kick ass trades if used properly....
1339.
Post 8403880 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
ltc bottoming out as we speak
not yet if you ask me.... just not yet.
1340.
Post 8412604 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I would threw a couple of BTC at DRK @ 0.001 and few thousands dollars at LTC @ $1-3, BTC buy back @ $200-300
1341.
Post 8413947 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I wonder if my prediction of 460-450$ will hold
$450 is massive support. It has to have a major bounce there, even if it trends lower after that.
I think that 450 is not going to hold for a long time, hell I think even 400 is not going to hold if we continue this way, I am full fiat and waiting by the side for 2 weeks now, I think we are still far away from the bottom, I am not going to buy in the 400s range for sure.
1342.
Post 8414994 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
holy shit, I was going to take a nap then I saw this, I am not tired anymore...
1343.
Post 8415517 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
you know bulls are still insisting since $630, I think they will start selling at 200 and dont fucking tell me it is not possible because we just saw 309... we will be there soon enough dont worry
1344.
Post 8415545 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
And thats the point of manipulation. The data of leverage is leaked and whales are making money off it.
For a MOD, you're a dumb fck to post like a little kid.
you know that it is not his fault that you are losing money here...
1345.
Post 8415572 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
you know bulls are still insisting since $630, I think they will start selling at 200 and dont fucking tell me it is not possible because we just saw 309... we will be there soon enough dont worry
On BTC-E, yes. Did you watch Bitstamp? It didnt give an actual fuck. We are talking about BTC-E here.
don't worry, I think we will be there soon, just about time... people who caught that price on Btc-e are already sending the BTC to stamp, it is called arbitrage
1346.
Post 8415581 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Are there any news that wasn't released to public and only those whales with insiders know everything?
yes, the bubble is bursting.
1347.
Post 8415644 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
you know bulls are still insisting since $630, I think they will start selling at 200 and dont fucking tell me it is not possible because we just saw 309... we will be there soon enough dont worry
On BTC-E, yes. Did you watch Bitstamp? It didnt give an actual fuck. We are talking about BTC-E here.
ofcourse he can only trade on BTC-E.... he talked like hes been trading tons of bitcoin while the fact is hes just a poor Slovakian. I recall this fcker started from altcoins trading while bitcoin price soared.
He even posted dumbest shit about "predicting" bitcoin price. Altcoins plan didnt go well, so did the bitcoin plan... wooohoo all for a couple of bitcoins.
Slovenian entrepreneur
you know that Slovakia and Slovenia are not the same right? ah who am I kidding you are too retarded to know that shit even if it is written on my profile...
1348.
Post 8415660 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
you know bulls are still insisting since $630, I think they will start selling at 200 and dont fucking tell me it is not possible because we just saw 309... we will be there soon enough dont worry
On BTC-E, yes. Did you watch Bitstamp? It didnt give an actual fuck. We are talking about BTC-E here.
ofcourse he can only trade on BTC-E.... he talked like hes been trading tons of bitcoin while the fact is hes just a poor Slovakian. I recall this fcker started from altcoins trading while bitcoin price soared.
He even posted dumbest shit about "predicting" bitcoin price. Altcoins plan didnt go well, so did the bitcoin plan... wooohoo all for a couple of bitcoins.
I know. He is probably still full retard into LTC. Must suck.
I am full green bills
you sink alone my friend.... so much butthurts, I am Loving it
1349.
Post 8415724 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I love it when you call yourself entrepreneur..... lol thats a new tittle for a failed engineer.
Do you really think i care if you're a dog or a rat?
your comments show that you care so much....
1350.
Post 8415750 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
1351.
Post 8415871 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Some quality of your post. Its easy to recognize you because the same fcking avatar you have
if you are a holder trying to sell now for this shitty price than let me tell you that you will regret it so much that you are gonna cry later just like the people before you who sold at 0.5 $ cried when LTC hitted 6$, i give you my word that it gonna hit 10 $ in few weeks.
than if you are a buyer trying to buy LTC and can't decide is it the right time or not or maybe trying to wait untill it gets less than 2$ you will gonna have so much time to regret and cry about it later.
I just wish i had some more money or BTC to threw it into LTC , i am so sad this moment, I've been looking to this price the hole morning and it just make me sad and angry that i can't take advantage of it .
I bet when you said you made "shit tons of money", you mean couple hundred dollars to feed your family some shitty meals.
can you post a link to that post ? I am sure it made sense at the time...
1352.
Post 8415920 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
now the coins from BTC-e will be flying into stamp, I will give it round 24 hours and we will be under 400.
1353.
Post 8416236 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Little makes sense out of the keyboard of mmitech..... but if you give him the link, then he can go delete it or "fix" it, maybe...
remember that Litecoin went to $50.... and again, I never edit my old posts, never.... find one of my old posts that was edited recently to change context and I will give you 1
BTC
1354.
Post 8416395 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Little makes sense out of the keyboard of mmitech..... but if you give him the link, then he can go delete it or "fix" it, maybe...
remember that Litecoin went to $50.... and again, I never edit my old posts, never.... find one of my old posts that was edited recently to change context and I will give you 1
BTCLOL... do you give us your "word" just like you said in that quote?
What a joke you are. Alright you made enough for a couple meals, now you can go away with your sorrow life.
I've been here long enough to recall all the retards like you come and go.
The only thing that bothers me about my post then is" I give you my word" I shouldn't be using that at all, and you still didn't post a link.
I am looking at my old posts, if you have listened to me then and bought at $3 you would made 1600% profits, but you know who gives a fuck I did make a killing profit my self so why would care about you missing a chance and crying about it, for anyone who bought and profited " you are welcome".
1355.
Post 8416431 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Little makes sense out of the keyboard of mmitech..... but if you give him the link, then he can go delete it or "fix" it, maybe...
remember that Litecoin went to $50.... and again, I never edit my old posts, never.... find one of my old posts that was edited recently to change context and I will give you 1
BTCThe one that you deleted just last week, and admitted by yourself at that too... think you said you were buying... then you deleted... deleting is editing... you editited it out of the forum all together..
shall I pm you my btc address?
I can go and fish it from the mirror site ? if I actually need to "find it"
Will you be good to your word? 1BTC
you mean the one that I opened a seperate thread for ? no, print your BTC address and shove it somewhere..
I can go and fish it from the mirror site ? if I actually need to "find it"
yes do that.
1356.
Post 8416485 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Little makes sense out of the keyboard of mmitech..... but if you give him the link, then he can go delete it or "fix" it, maybe...
remember that Litecoin went to $50.... and again, I never edit my old posts, never.... find one of my old posts that was edited recently to change context and I will give you 1
BTCThe one that you deleted just last week, and admitted by yourself at that too... think you said you were buying... then you deleted... deleting is editing... you editited it out of the forum all together..
shall I pm you my btc address?
I can go and fish it from the mirror site ? if I actually need to "find it"
Will you be good to your word? 1BTC
you fucking liar, I didn't delete any comment, go find it or show me where I admitted deleting anything, I first thought you meant
this thread
1357.
Post 8416525 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Its a he, a failed engineer claim to be "entrepreneur".... i guess start LTC mining when BTC price soared is "entrepreneur"
an entrepreneur who changed lives and innovated as an engineer in his 6 years career in a world wide company, and retired in his 30s
how that sounds to you ?
1358.
Post 8416685 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Ppl call unemployment..... retired nowaday.
Its so amusing , entrepreneur = day traders = trollers on forums = shit tons of money.....
I don't have a shit ton of money, my skills makes me an entrepreneur, see I can make things and run systems that people use, what do you do beside trashing people like me on forums ?
and yes, I am unemployed who doesn't need money to survive daily, does it sound better for you ?
1359.
Post 8416753 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Ppl call unemployment..... retired nowaday.
Its so amusing , entrepreneur = day traders = trollers on forums = shit tons of money.....
I don't have a shit ton of money, my skills makes me an entrepreneur, see I can make things and run systems that people use, what do you do beside trashing people like me on forums ?
Lol, calling BS is trashing now?
Its very easy to see your lame agenda. Sorry
explain my agenda to me and others... tell us more, we have time for that, well at least I do, it is boring since I quit my job, even the mexican series of drama doesnt entertain me anymore, so some hardcore drama like yours is needed
1360.
Post 8416953 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
FYI, being laid off =! quitting.
IT engineer lol, is that how they call an IT diploma in your country?
who am I kidding, you are an ignorant idiot, you have no clue about what you are talking about, what do you even know about IT? nothing, zip it, and don't reply to this, because now you are going to the great wall of ignore.
1361.
Post 8417706 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Update on r/Bitcoin sentiment. 4/7 of the highest upvoted posts are about the price crash. People are scared. You know what time it is.
look at the first post "BTC-E Flash Crash to $327", the guy did use the 1m chart at Bitcoin wisdom.... I didn't know there are people who actually use the 1m chart...
1362.
Post 8418152 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.
ah don't worry, I think they will be filled and you will be sorry for not putting them lower.
1363.
Post 8418225 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
wow... you have spent too much time on this thread Jorge... you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.
The language may be a failed attempt to be funny but the opinion is quite serious. What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either. Why is it absurd to consider all that as a single event?
I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could. Now those people changed their minds, and dumped everything back. So the price got back to where it was. Is this so much sillier than the narwhals(*) that people have been discussing here?
(*) a large sea mammal reputed to be a cross between a whale and a unicorn.
here is a good explanation for that one: "Dell adding Bitcoin" buy the rumors and sell the news, some insiders already knew this was happening so they bought thinking the price will skyrocket when the news is out and they got caught with disappointment when this didn't happen.... what follow next is the market doing its thing.
1364.
Post 8418702 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?
don't you think it is too early for celebration ?
1365.
Post 8418991 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Question is, how will you feel if the price rebounds to 500 soon? Or even 550.
Sentiment is in the shitter, r/bitcoin is proof of that. Take advantage now or complain later.
I wouldn't feel a shit, in fact I would feel sorry for the "buy high and sell low" folks, because I think this train is not stopping here yet, I think it is still going south. r/Bitcoin is a catastrophic sub, I wonder how old the guys who hang there...
1366.
Post 8422637 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
Just
posted the following on reddit in response to "wtf is causing price to fall?", thought I'd share it here, too:
-----------------
Market dynamics:
Negative feedbackUsually there is a dampening effect prevalent in the market
- when price rises, demand decreases and supply increases
- when price falls, demand increases and supply decreases
It's pretty easy to see: at lower prices there's more people willing to buy, at higher prices there's more people willing to sell.
This has dampening effect on price movement: each time the price wants to take a hike in any direction, it's slowed down by this.
This is called **negative feedback**, because a result of the process influences the process itself in such a way that **it reduces changes**.
However in some situations like now there are stronger effects that resemble **positive feedback**. With positive feedback, the results of the process influence the process itself in such a way that the **magnitude of the change increases**.
I can think of a couple of things that might currently be in effect and have a positive feedback on falling price:
- Miners: miners are forced to sell part of the mined coins to cover fiat expenses. A falling price causes them to increase the percentage of coins they have to sell => positive feedback
- Margin calls, forced liquidation: falling price can trigger leveraged longs on exchange to be automatically liquidated, which results in more selling => positive feedback
- Market participant psychology: falling price causes frustration, anger, and fear in at least some market participants, which in turn causes them to sell => positive feedback.
So: the system is out of balance.
Fortunately, all of the above positive feedback effects are dependant on some resource that is reduced and ultimately depleted in the process:
- miners: they cannot sell more than 100%
- liquidations: there's only so many longs
- psychology: the panic-sellers have only a limited amount of coins
So don't worry: the imbalance to the downside is only temporary ;-)
----------------
not sure how naive or accurate, but these are my thoughts on the reasons of the price fall.
PS: just kidding, don't take it too personal.
1367.
Post 8423952 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
this really sucks man
wtf is this BS...
Manipulation
Sheep
Idiot sellers
China
you forgot weak hands.
1368.
Post 8423970 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
this catastrophic price movement (i am losing a fortune)
The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago.
What are you doing so wrong that you're losing a fortune under these circumstances?
he is losing an opportunity to make a fortune, I think that is what he meant.
1369.
Post 8423985 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
at least you didnt register this account today.
1370.
Post 8424281 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
china on the rebound
i move to top bid.
i need more fiat this is ridiculous... fucking around with last remain 150$
1371.
Post 8431790 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
I think this bounce wont go over $500, we will hit a new low in a couple of days.... so who think that we've already bottomed ?
1372.
Post 8432110 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."
"new Low is good for the health of the market
give me some $100 coins, the best thing that can happen for Bitcoin is a new low
"
fonzie, is that what you want me to say ?
1373.
Post 8432321 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.06h):
People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."
"new Low is good for the health of the market
give me some $100 coins, the best thing that can happen for Bitcoin is a new low
"
fonzie, is that what you want me to say ?
I´m saying that an awesome amount of new traders(~10 only in the last 2 days) appeared here who are 100% sure that the bottom in the 2xx or 3xx range, probably a lot of them have sold during the downturn, when they realize that it (probably) ain´t gonna happen they will be forced to buy back @ higher prices. Ask side is totally empty which could deliver us a few nice upward spikes and enleash more bullish sentiment. I´m all in since 450$ btw. If you sold above 550$ you´re probably not in a hurry to buy back now, as a trend reversal is far from beeing confirmed, anyone that sold below 460-470$ should probably reconsider a part of his strategy if he is in full FIAT.
In my eyes the demand around or below 400$ is way too high to get there.
I am playing this in a long period trade, I sold my first half of coins 2 months ago @ $630 and the second half 2 weeks ago @ $585 , I am in no hurry, I will wait for that 3xx, even if it takes weeks, if the chart shows any signs of reversal I will reconsider my position.
because right now, the chart is more bearish then bullish, both the 1w and 3d charts are showing a long slow bear market, and for that to change we need a huge pump with big volume that must bring us above $650...
3d
1w
1374.
Post 8433104 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
in talks with who exactly ?
1375.
Post 8439106 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
Litecoin was a very good trade for those who bought at $3.xx, they could make an easy 30%, but I don't think it is going over $5 (lets hope not
)... and I don't think Bitcoin will go over $500 either.
1376.
Post 8440888 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
So, will it be 440 or 420?
I think it will be even less so dont get excited
1377.
Post 8453592 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
1378.
Post 8453854 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Oh it is definitely going to trick you one way or the other, no way around it. For example right now the market may have tricked you into thinking this is a bull trap.
I wont change my mind this time, every time people like you fuck my decision, this time I am confident but if I miss it then just fuck it, I wont buy back.
1379.
Post 8453889 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Thats right, it didnt went to 0, bulltrap confirmed
if you want me to confirm what your sarcasm, then yes it will go to 0, every technology have a life span, we will find out how long is it with Bitcoin.
1380.
Post 8454960 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Oh it is definitely going to trick you one way or the other, no way around it. For example right now the market may have tricked you into thinking this is a bull trap.
I wont change my mind this time, every time people like you fuck my decision, this time I am confident but if I miss it then just fuck it, I wont buy back.
OK... good bye!!!
Lol he made a post saying how he had changed his mind, was no longer bearish and was buying back in... just before the drop from 590 to 440. I think he later deleted that post.
He has absolutely no idea what he's talking about.
link or didn't happen, you retard permabulls.
1381.
Post 8455899 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Oh it is definitely going to trick you one way or the other, no way around it. For example right now the market may have tricked you into thinking this is a bull trap.
I wont change my mind this time, every time people like you fuck my decision, this time I am confident but if I miss it then just fuck it, I wont buy back.
OK... good bye!!!
Lol he made a post saying how he had changed his mind, was no longer bearish and was buying back in... just before the drop from 590 to 440. I think
he later deleted that post.
He has absolutely no idea what he's talking about.
link or didn't happen, you retard permabulls.
Can you not read?... Tell me "IT entrepreneur", how can I link to a deleted post?
again, I've never deleted a fucking post where I stated my position...this thread is full with hateful butthurt retards.
1382.
Post 8456791 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.
He's not the only one here confusing a dead cat bounce with a bull trap ;-)
Looks like a common mistake.
All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong
).
12 months, wow...that is really short term, could your prediction even get shorter ?
1383.
Post 8456878 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.
He's not the only one here confusing a dead cat bounce with a bull trap ;-)
Looks like a common mistake.
All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong
).
12 months, wow...that is really short term, could your prediction even get shorter ?
No, 12 months is already really short but that's because it's Bitcoin. For anything else my usual prediction period is 3-5 years out. (Yes I know you're sarcastic).
in 12 months I am almost sure that we will hit a new ATH, but most of traders want to know what will happen in the next couple of months.
1384.
Post 8457604 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either.
Anyway...
Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you. Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank. Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.
Pay attention to the moving averages. until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.
Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining.
the lowest we've touched since the last ATH was $339.79 (stamp), if you zoom out the 3d/1w chart and take a close look, you will notice how ugly that MACD is looking like, considering the fact that MACD is a lagging indicator and cant be considered a 100% signal for trades, but with momentum it is still a good indicator for possible directions.
We went up from $480 to $510 on low volume and the chart is still looking ugly, the thing about the 1w/3d charts is that you have to be sure and confident when others are jumping around and yelling reversal and ATH, and by looking at Bitstamp's book order I can tell that this push wasn't mostly from new fresh money coming to the exchange, so my suggestion is that the group of " sell low and buy high" that is cheering and getting over excited are on action again.
billyjoeallen, see you leave for 3 months and you come back to a lower price, people should learn something from you.
1385.
Post 8460336 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
how come every time I hear Hodlers here yelling " I am buying", it means even you have an infinite supply of cash to buy all the time, or you are selling and getting fucked up all the time, in other words you are a member of buy high and sell low.
1386.
Post 8469404 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
Delusional bears still waiting for that 400$ bottom, awesome
I will make sure to laugh my ass at you later.
1387.
Post 8481927 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.07h):
Possible inverse head and shoulders pattern. Watch for a breakout out if it crosses the $520 neckline. I won't be too happy about it, as I'm still mostly sitting in fiat. It's better to sit in a lambo than a Fiat.
It's better to sit in a Fiat than to have to walk, too. Especially, if you are carrying any luggage with you.
sitting in dirty fiat....?
maybe this Fiat:
1388.
Post 8501108 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
Hodlers, you are fucked up and you just don't know it... not yet, not spreading any FUD only facts.
1389.
Post 8504301 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
kiss that $500 for now, I think that you wont see it for a long time.
1390.
Post 8522838 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
GTFO you clown, you keep saying the same from $680, and you call a bottom each time....
1391.
Post 8522859 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
If volume is lower and lower in a capitulation, it is a sign of a lack of sellers.
(Buyers are patently lacking, otherwise we were not in a downtrend at all..)
I can hear you crying, your dreams going away ?
1392.
Post 8522874 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
I don't think we'll go lower than $450 again, but I definitely don't think we will be at a much higher price in a few week/months either.
The Bitlicense is a very problematic business, until that is not resolved we can't go anywhere (as somebody said, "it could crush the business"). Also, the Winklevoss ETF must be approved first too I'm afraid.
Oh please - the Winklevoss etf is 18 months old news, and during this time BTC is up an order of magnitude.
Bitlicence tells that regulators' pants are wet when facing an innovation that could put them out of business. If you care, set your business up somewhere else except NY (the place has 0.3% of world population after all). If you don't care,
switch to Monero.so you want to say that if Bitcoin crash Monero will still have a chance ? what a pumper, why don't you go back to your "quality" thread ? you are the biggest pupmer and dupmer I saw here, you have no values or morals. clown.
1393.
Post 8523012 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
Very little point in arguing with a person who overrides my facts with his own, and when I make them a basis of my further argument, he accuses
me of being wrong based on that his own "facts" were wrong. LOL
I hope such people do not buy Monero. At least not for cheap.
pathetic, period.
1394.
Post 8537869 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
Here in the US, it works almost the same way, except that professors and Universities are paid indirectly through the Federal Student Loan program. So the government straps 18 year-olds with no job and no income with tens of thousands of dollars in debt, Universities raise tuition and expand at ridiculous rates thanks to this free money, and graduates get to compete in an absolutely shitty job market while making loan payments for 30 years.
Academia must be nice.
https://www.youtube.com/watch?v=Ww4m8GUK69Eyes, the irony, the US government pays billions of dollars to export "freedom" to other countries with their war machine, their citizen are blindly patriotic to the point where they believe killing a child is OK to prevent a future "terrorist", a "terrorist" that I would call a freedom fighter.... they called Nelson Mandela a terrorist for decades, they've called the Algerian revolution in 1954 an act of terrorism.....
it is sad how most Americans have no clue about what is really going around the world, and still think that USA is the greatest country in the world and the land of "freedom", when most of their follow citizen still struggles and cant get the basics of a free education and health care.
1395.
Post 8537901 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
I hope it is truly not the dirty fiat dollars that lead him to share his opinion in the way that he does.
I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.
Says the one without education.... a professor has a noble job, it helps in building a healthy,productive and open community, who am I kidding, a guy like you wouldn't understand what I am talking about.
I am thankful for all my teachers and professors for all their effort and time they've spent on educating us and giving us the tools to search and find our ways, you could say they are paid for it, but it takes balls, not everyone is born to teach.
Edit: isn't about time you go to your "quality" thread ? isn't meant for your nonsense and pumping schemes ? or you have to spam your shit everywhere ?
1396.
Post 8539683 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
Twitch is a live video streaming website, it is mostly used by gamers to stream their game plays...
1397.
Post 8540748 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
... and then you discover that your bitcoins did not go to the car dealer's address, but to some other address that no one knows who it belongs to, and there is no way to get them back...
Interesting point. Perhaps addresses could be signed in some way similar to SSL certs for websites.
1398.
Post 8541490 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
it is sad how most Americans have no clue about what is really going around the world, and still think that USA is the greatest country in the world and the land of "freedom", when most of their follow citizen still struggles and cant get the basics of a free education and health care.
Free education? How do the teachers feed and house themselves?
The students don't have to pay all their lives for loans, their education comes from already paid taxes which goes to pay teachers and expenses of college... I for once paid annually 20€ for registration fee in college and another 40€ for my dorm room, then there is the student coupons (supported price from the government ) to use in restaurants.
If I pay my tax they better use it to make my life and the life of my children better, most EU and north African countries have this system, but in the US they instead spend tax money exporting "democracy" and "freedom" around the world, billions of dollars spent on war while millions of Americans struggle in poverty and losing the basic human rights, things that even central Africans are improving at.
1399.
Post 8542103 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
it is sad how most Americans have no clue about what is really going around the world, and still think that USA is the greatest country in the world and the land of "freedom", when most of their follow citizen still struggles and cant get the basics of a free education and health care.
Free education? How do the teachers feed and house themselves?
The students don't have to pay all their lives for loans, their education comes from already paid taxes which goes to pay teachers and expenses of college... I for once paid annually 20€ for registration fee in college and another 40€ for my dorm room, then there is the student coupons (supported price from the government ) to use in restaurants.
If I pay my tax they better use it to make my life and the life of my children better, most EU and north African countries have this system, but in the US they instead spend tax money exporting "democracy" and "freedom" around the world, billions of dollars spent on war while millions of Americans struggle in poverty and losing the basic human rights, things that even central Africans are improving at.
People that without free education could not study, get better jobs and they pay more taxes. So in the end, they pay more from difference in taxes, than their education did cost. Besides taxes, they also don't get subsidised bills for kindergarten, they don't get social money from government,.. so at the end they save even more government money. They also don't need to beg, they do less illegal business,..
This is why I am wondering, why there is so much pressure to abolish free education around.
education is the most important quality when building a community, it start at home with the parents and continue to school and college, having the right to a decent education is a human right, everyone should have an equal right to receive it, but in the US they teach them about hating the word socialism, so anything sounds or start with "social" is hated, even if most of the time they don't understand a shit about it.
In Europe I like the French and German experience of building a strong social system for people.
1400.
Post 8542162 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
it is sad how most Americans have no clue about what is really going around the world, and still think that USA is the greatest country in the world and the land of "freedom", when most of their follow citizen still struggles and cant get the basics of a free education and health care.
Free education? How do the teachers feed and house themselves?
The students don't have to pay all their lives for loans, their education comes from already paid taxes which goes to pay teachers and expenses of college... I for once paid annually 20€ for registration fee in college and another 40€ for my dorm room, then there is the student coupons (supported price from the government ) to use in restaurants.
If I pay my tax they better use it to make my life and the life of my children better, most EU and north African countries have this system, but in the US they instead spend tax money exporting "democracy" and "freedom" around the world, billions of dollars spent on war while millions of Americans struggle in poverty and losing the basic human rights, things that even central Africans are improving at.
So not free. Good. Let's actually acknowledge those people who are going out there and working day after day to pay for this stuff and realize that this stuff doesn't just fall from the sky.
well, we all pay taxes, same like you do in the US but we don't have to additionally take loans and be in debt all our lives to pay back what we should be entitled to in the first place, we all have the same equal chance for education here... it is just sad to see talented people in the US having to escape college because they cant afford it, this is all what I am saying.
1401.
Post 8542484 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
it is sad how most Americans have no clue about what is really going around the world, and still think that USA is the greatest country in the world and the land of "freedom", when most of their follow citizen still struggles and cant get the basics of a free education and health care.
Free education? How do the teachers feed and house themselves?
The students don't have to pay all their lives for loans, their education comes from already paid taxes which goes to pay teachers and expenses of college... I for once paid annually 20€ for registration fee in college and another 40€ for my dorm room, then there is the student coupons (supported price from the government ) to use in restaurants.
If I pay my tax they better use it to make my life and the life of my children better, most EU and north African countries have this system, but in the US they instead spend tax money exporting "democracy" and "freedom" around the world, billions of dollars spent on war while millions of Americans struggle in poverty and losing the basic human rights, things that even central Africans are improving at.
You don't know squat about the 'poor' in America.
I grew up dirt-poor, as we say on the south. My father was an uneducated, unskilled worker in a cotton mill, and my mother was a full-time mother to 7 kids. We never went hungry or without clothes because my father was both frugal enough and industrious enough to make sure we always had what we needed - without ANY government assistance - even though plenty of that was available to those who would take it.
In America, there is always someone who will pay you to do useful work, and my father took advantage of that fact to supplement his income. On the weekends, he would grab me and/or one of my brothers and we would go do house painting or general handyman work, yard work, or whatever we could to make a little money. We also did plenty of hunting and fishing to supplement the food budget.
When I left high school, my family didn't have the money to send me to college. I went to work in the same cotton mill where my father (and his father) had worked and EARNED the money to send myself to college. My siblings did exactly the same. One sister is a veterinarian, one is a nurse, I'm an engineer, one brother owns a construction company now, another is a CS geek - well you get the picture... All of us achieved what we have without the handouts you seem to believe are REQUIRED to escape 'poverty', and I never owed ANYBODY any student loans - because I went to college BEFORE government interference in the education market drove the prices through the roof.
The only people in America I have ever seen "struggling in poverty" were doing so
because they chose to depend on the government to support them.
People like you would voluntarily make yourselves into livestock owned by your 'government'. Well, have fun with that.
I agree that the US government spends what to much money on imperialistic endeavors, but that is another argument for another time...
see....that is exactly what we call struggling, your father paid tax on hard earned money just to see you later working your ass to earn that education you deserved!! to whom he paid the tax, you don't even have a decent health care system!!! Citizens in almost every country in EU and north Africa (I don't know about Asia) don't have to worry too much about working their ass to pay what should be entitled to them.
And when you say that the only people struggling are the one who have "chosen to be so", this is exactly the filthy idea that they inject in your culture, I am sure that not everyone choose to live the shitty poverty life, and people who point to them with "Fuck you, not my problem, get your ass up and do something" add to their problems and take their dignity and all hopes of humanity.
the American dream IMO is to suck the living hell of people to make shit loads of money... in other words it is taking advantage of people, but the difference is that it is written in the constitution.
1402.
Post 8542657 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
My wife grew up dirt poor. She was the first in her family to go to college. She was very smart and not lazy in the least. However the only way she could afford to go to college was to take out student loans. She had to take out loans to get her first year of college paid for. But because of her grades she applied for scholarships and managed to have most of her remaining years of college paid for.
I met my wife while we were in college and we got married after we graduated and of course thats when her student loans come due. But because we went to college we managed to get pretty decent paying jobs and managed to pay off her student loan within a few years.
So it goes to show you that just because some Americans go into debt to get things they need such as an education or whatever that we are not all lazy asses that have the debt hanging over our heads the rest of our lives.
I grew up poor as well, I had only my father working and my mother was a full time mother and always sick, but when I finished high school we didn't have to struggle, my father helped me the first year, and at one point I was with my 2 sisters in college all at once, later I started working the weekends to have my own money and to gain experience and everything worked fine for me....
I admire people like this, but not all of them have the chance to makes things right...and I don't think that people have to suffer to appreciate what they have, yes, some low lives do, but thins doesn't mean all people doesn't appreciate such things... this is what I am trying to express here.
1403.
Post 8543368 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
When I was a kid, my mother could call the local doctor and he would COME TO OUR HOUSE and treat us (an unbelievable concept in America now), and he would charge us $10 for that service. Everyone I knew was about as poor as we were, but I cannot once remember hearing someone say "Oh my God, what will we do about the medical bills?". The mess that the American health care system is in now is another creation of our government - but again, that is a long argument that exceeds greatly the bounds of this thread.
The mess that is the American education system that mmitech is decrying is also the fault of the government.
This is worth a read
http://mises.org/daily/1425interesting reading, I don't think our schools are bad to be honest, I agree that private schools can "offer" more than what public schools offer, but this doesn't mean that public schools have to be shitty...
1404.
Post 8558116 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What is wrong with his post ? why do you think he is trolling ?
Yes the block chain is more than 5 years old, and this mean that you missed the point of his post, any attempt to change/add anything to the Bitcoin protocol at this point or in the future will be hard and will get harder when the adoption rate continue to increase, even a simple task to fix a bug or to release a newer version will get harder, but there are working alternatives (chains) that attempts to solve and add new features that we think will be crucial in the future... so the question is: is it worth it ?
1405.
Post 8558725 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What is wrong with his post ? why do you think he is trolling ?
Yes the block chain is more than 5 years old, and this mean that you missed the point of his post, any attempt to change/add anything to the Bitcoin protocol at this point or in the future will be hard and will get harder when the adoption rate continue to increase, even a simple task to fix a bug or to release a newer version will get harder, but there are working alternatives (chains) that attempts to solve and add new features that we think will be crucial in the future... so the question is: is it worth it ?
Sure you're right, the older the blockchain the harder to enanche the bitcoin protocol. In that regard there are a few projects aimed at "fixing" this problem. One that I'm aware of is Back's and Hill's side chains, still vapoware at the moment but I'm quite confident due to Back 's involvement (he invented hashcash PoW system). Another interesting project is Todd's tree chains, even if it is more focused to fix scalability issue.
I am aware of most of the researches going around to solve this challenge, but at this point it is like some would call it " an ink on a paper"... so people usually are skeptic until proven otherwise.
1406.
Post 8559137 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,
so this will be my last comment in this forum, enjoy all of you
Hey I googled mmitech like you mentioned, guess he is a liar.
Congrats, you won the....wait, what did you achieve here ?
1407.
Post 8561165 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
LTC has no developer. How can you buy a coin with zero developers?
really ? where did you get that from ? there are at least 5 active developers who works both on Bitcoin and Litecoin.
I am a greedy bastard, I should buy some at $3.xx I was under the impression that it would go even lower, I keep falling into this mistake, instead of buying in batches I try to catch the bottom or somehow a bit above the bottom, but for now I don't think that we will see a major drop, whoever bought between $3-5 did really good, I think dropping below that (not in a flash crash event) give the impression of LTC going down and never recovering.
1408.
Post 8561242 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
LTC has very strong fundamentals. I don't know what you mean -- it has an extremely dedicated development team. They just don't have much to do much because LTC is already the perfect coin. Oh yeah, and intrinsic value. LTC has intrinsic value, dude.
You are wrong. LTC once had two developers, but Charles and Warren quit development.
They lost intrest and do other work now.
See:
https://github.com/litecoin-project/litecoin/graphs/commit-activityFirstly, you have to understand what a commit is, secondly, most of Litecoin devs help on Bitcoin as well, so what goes into Bitcoin follows into Litecoin code base, sometimes it goes into Litecoin first then into Bitcoin,
and even Bitcoin dont have commits everyday.
1409.
Post 8561435 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
LTC has very strong fundamentals. I don't know what you mean -- it has an extremely dedicated development team. They just don't have much to do much because LTC is already the perfect coin. Oh yeah, and intrinsic value. LTC has intrinsic value, dude.
You are wrong. LTC once had two developers, but Charles and Warren quit development.
They lost intrest and do other work now.
See:
https://github.com/litecoin-project/litecoin/graphs/commit-activityYou are talking crap they just releast the electrum wallet
http://electrum-ltc.org/and I am running an Electrum server for Electrum-LTC wallet users
I can tell you electrum rocks.
1410.
Post 8561553 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
"LTC has very strong fundamentals"..
yeah, it was born as an ASIC resistant coin...
good point...
hmm.... nevermind.
it did resist for its survival, and it did exactly what it was designed for, now it has a damn strong network, thanks to ASICs
1411.
Post 8561679 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.08h):
"LTC has very strong fundamentals"..
yeah, it was born as an ASIC resistant coin...
good point...
hmm.... nevermind.
it did resist for its survival, and it did exactly what it was designed for, now it has a damn strong network, thanks to ASICs
Ether actually offers more then a lame copy of bitcoin tho.
LTC holds value because it was the second shit coin, and goat pumped the shit out of it.
Ether will hold value because it will back future decentralized applications
LTC is a copy of Bitcoin, nothing to argue about here, it is about choice, I see people accepting it and massively trading it, therefore people value it.
1412.
Post 8567538 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
the price is not looking good, I don't think it will hold for a long time.
1413.
Post 8567751 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Whats the point of these fukkin walls? Like ok bitcoin you can't go over 515 it's forbidden or it's just building pressure for the rocket?
Pushing the price lower into their own bids.
It is also risking losing 2000
BTC if market goes against you, but in this case, there is no buyers, so it could be some traders with balls....we will see how patient they are.
1414.
Post 8567766 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
That's not what your wife told me last night.
I can feel the desperation, answering the troll this way tells allot about your emotional state at this point
1415.
Post 8568273 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said.
he is the prophet of desperate people who cant decide for them selves, most of what he say doesn't make any sense to sane people, but desperate delusional people always tend to believe him and defend his nonsense.
1416.
Post 8568447 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said.
he is the prophet of desperate people who cant decide for them selves, most of what he say doesn't make any sense to sane people, but desperate delusional people always tend to believe him and defend his nonsense.
YES.... Mmitech has been wanting the price to go down to the $300s - at least that is what he has been asserting when he sold in the mid $600s and in the mid $500s. So yes mmitech talk your book, and maybe you will get lucky (I have my doubts, but it is possible as a long shot that you will get lucky and then be able to double your stash of 50 BTC or whatever lifelong stash you happen to have left from all your LTC losses).
I am investing back only €10K, I see perma-bulls telling people how 1
BTC will make them millionaires so I decided to stop being a greedy bastard and have few millions instead of fighting for all the bitcoins, we have to give the chance for others to have coins as well, right ?
I really wont invest more than €10K, my first investment was around € 3-4K and it played really good, so investing the triple of my first investment and cashing all the profits out makes more sense to me
1417.
Post 8568660 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said.
he is the prophet of desperate people who cant decide for them selves, most of what he say doesn't make any sense to sane people, but desperate delusional people always tend to believe him and defend his nonsense.
YES.... Mmitech has been wanting the price to go down to the $300s - at least that is what he has been asserting when he sold in the mid $600s and in the mid $500s. So yes mmitech talk your book, and maybe you will get lucky (I have my doubts, but it is possible as a long shot that you will get lucky and then be able to double your stash of 50 BTC or whatever lifelong stash you happen to have left from all your LTC losses).
I am investing back only €10K, I see perma-bulls telling people how 1
BTC will make them millionaires so I decided to stop being a greedy bastard and have few millions instead of fighting for all the bitcoins, we have to give the chance for others to have coins as well, right ?
I really wont invest more than €10K, my first investment was around € 3-4K and it played really good, so investing the triple of my first investment and cashing all the profits out makes more sense to me
Well, maybe you will begin to become more reasonable if you are NOT attempting extremes, even though you are still tending to throw out denigrating language. Yes, there are some bulls who retain what seems to be unrealistic expectations of instantly becoming rich.. but you should know as well as anyone that that kind of talk is fairly harmless and even should be taken with a grain of salt.
Also, there is NO need to talk about this as a competitive endeavor, and if we invest in reasonable ways, then a lot of us likely will be able to improve our lots in life by acquiring more wealth through the appreciation on the value of bitcoins. Surely, it may NOT go exactly how planned, but there can be some shared prosperity. Also, attempts to hoard too much would NOT do to much good, b/c to some extent the success of bitcoin is dependent upon greater and greater adoption and through that adoption, some of the people are going to get rich and maybe even some already rich are going to get richer than early adopters my manipulation and other means.. even luck. But my point is that it is more mentally healthy to consider how to best invest our own lot rather
than being worried about the lots of others, whether they are doing well or NOT as compared with us.I see you doing the opposite of that, I don't know why you care so much about my trading moves.... I could simply stop talking about trading, but we both know that we are in the wall observer thread, we come here to talk about trading and sometimes about anything.
1418.
Post 8568880 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
I care about your trading to the extent that it may become an issue of discussion. My discussion of your trading or your assets is NOT done out of envy, but sometimes to bring in check some of your outrageous statements. If you do NOT make outrageous statements, then it will be easier for me (or anyone else for that matter) to refrain from responding to them or inquiring about them.
Yes, we talk about quite a few things here in this thread, but largely those topics seem to be related to bitcoin, even though sometimes tangentially related to bitcoin...
I would like you to point one of my outrageous statements, I want to know what you think is outrageous.
1419.
Post 8569068 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
I care about your trading to the extent that it may become an issue of discussion. My discussion of your trading or your assets is NOT done out of envy, but sometimes to bring in check some of your outrageous statements. If you do NOT make outrageous statements, then it will be easier for me (or anyone else for that matter) to refrain from responding to them or inquiring about them.
Yes, we talk about quite a few things here in this thread, but largely those topics seem to be related to bitcoin, even though sometimes tangentially related to bitcoin...
I would like you to point one of my outrageous statements, I want to know what you think is outrageous.
We do NOT need to revisit all of our posts b/c I am sure that I have already pointed out several outrageous statements to you over the last couple of months. I may have NOT called them outrageous statements at the time, but taken together they likely add up to OUTRAGE.
Additionally, I am sure sooner or later, you will make another "outrageous statement," so we can cross that bridge when, or if, we get there. If we do NOT get there, then that is fine, too.
in fact, I do remember, the only outrageous thing I recall is you getting pissed off when I said I sold half of my stash to take 2 years off, and when I pointed out that I like the concept of forbidden interest on loans Islam applies in economics... you took my statement poorly and outrageously, the first statement is a personal choice, so I don't know why you care, the second statement is about me being open about religions and ideas, I studied many religions and I found the general concept to be a horse shit and delusion and just a way to govern people in the past, but this doesn't mean there is nothing to learn from them, I did learn so many amazing and smart concepts from different religions.
since these 2 statements, you tend to attack me like an enemy, the thing is that hiding behind a screen gives you the courage to write such ignorant and hurtful things, I would like to meet you in person and have you tell me these things to my face.
1420.
Post 8569459 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
We've talked about this before, too. I already told you that I would say the same things to your face as I do behind a keyboard; however, it is likely that I would NOT tolerate being around somebody like you for very long. Additionally, I would probably NOT want to meet somebody like you face to face, at this point, b/c it sounds as if you have violent tendencies, so why would I want to put myself in a violent situation with someone who is supposed to be a grown man, but has difficulties articulating himself, so he wants to resort to physical confrontation. I would NOT want to do that b/c I consider myself to be able to resolve matters without physical violence.. yet I am prepared to throw down on the street if I have to with some stranger; however, i am NOT going to purposefully put myself into some physical altercation situation with someone who is already engaging in implied threats.
The only time having any physical fight is defending my 3 years old daughter at the time from an alcoholic crack head, otherwise I have never in my life had any physical attack from or to anyone, if you are so annoyed by my post, an easy way for your misery would be hitting that ignore and have peace with yourself.
1421.
Post 8569586 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
We've talked about this before, too. I already told you that I would say the same things to your face as I do behind a keyboard; however, it is likely that I would NOT tolerate being around somebody like you for very long. Additionally, I would probably NOT want to meet somebody like you face to face, at this point, b/c it sounds as if you have violent tendencies, so why would I want to put myself in a violent situation with someone who is supposed to be a grown man, but has difficulties articulating himself, so he wants to resort to physical confrontation. I would NOT want to do that b/c I consider myself to be able to resolve matters without physical violence.. yet I am prepared to throw down on the street if I have to with some stranger; however, i am NOT going to purposefully put myself into some physical altercation situation with someone who is already engaging in implied threats.
The only time having any physical fight is defending my 3 years old daughter at the time from an alcoholic crack head, otherwise I have never in my life had any physical attack from or to anyone, if you are so annoyed by my post, an easy way for your misery would be hitting that ignore and have peace with yourself.
my irritation with you has NOT reached that level, yet, even though you can be quite provocative and even repetitive...
well, anyhow, I am glad to be corrected and to hear from you that you are NOT the violent type.
well, you maybe didn't yet, but I already had it with your nonsense, I don't know why I even putted you out of my ignore, you are going back there anyway.
1422.
Post 8575776 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
the fail of Gox makes me wonder if the last 3 bubbles were all driven by Gox, now that Gox has failed we didn't see any bubble, isn't possible that Mark artificially pumped the price ?
Edit: this means that he was out of money for a long time, so he decided to add Litecoin as a new source of money... everything is possible
1423.
Post 8582032 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Guys, I don't know if you already heard about this but
Hal Finney died Thursday morning.... Hal was the first adopter, he was the first one to run the bitcoin software after Satoshi and he was the first developer and cryptographer after Satoshi.
we've lost a great man, rest in peace Hal Finney.
1424.
Post 8582893 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Guys, I don't know if you already heard about this but
Hal Finney died Thursday morning.... Hal was the first adopter, he was the first one to run the bitcoin software after Satoshi and he was the first developer and cryptographer after Satoshi.
we've lost a great man, rest in peace Hal Finney.
He is not dead...
?
they did freeze his body in liquid nitrogen after puling out his blood and injecting him with M-2, in hopes that some time in the future they could "revive" him, read the whole article to understand.
1425.
Post 8588957 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
So anyone lately received a fiat withdrawal from Gox ? I've heard they have a long backlog...
1426.
Post 8601738 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
Just a reminder this is wall observer not war observer ok.
Everything has an impact on the price movement, not only Bitcoin but of everything, beside the thing they are talking about is really serious, what is happening now will define how the world will look in the next decade, so it is really important and dangerous at the same time.
To be honest, I survived the
Algerian civil war , I came to live in Slovenia and did sense the tension of left overs of the Balkan war, but I have been never afraid and confused as I am now, I have a feeling that we are going into a 3rd world war, and the fact that I have children to worry about makes it even scarier.
1427.
Post 8608626 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
this Video teach us a simple yet important thing:
First Follower: Leadership Lessons from Dancing GuyClick the image to watch the video
in Bitcoin's case, Hal finney was that brave first follower
1428.
Post 8612398 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
So let's call out everyone that said they were buying if we dipped to $480.
Why buy now, according to fallling we can have free coins sooner rather than later.
You do realize that falling has been the one voice of reason among a bunch of permabulls here who in concert scream "buy more and hold because loosing money is great and the price will surely go back up"?
Perhaps with the right major crisis the nations will accept the GNU World Order but I don't see that as likely.
Now consider this:
* LTC is traded at $4.855
* The total supply of LTC will be 4 times that of BTC. Thus, the price LTC should be 1/4th of the fair price of a BTC
* 4.855*4 =
$19.42 your logic is flawed, your logic is flawed even if Litecoin should be valued like Bitcoin.
1429.
Post 8612587 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.
1430.
Post 8612786 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.
if someone failed with his own trading bot why should the exchange bother to bail him out?
bailing out a customer and preventing a customers from losing due unexpected/malicious activity on his account is not the same, now everything else depends on your morals.
1431.
Post 8612870 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.
Are there such "lifeguards" in the common stock exchanges? I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them. If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").
they do halt account trading for many failed login attempts, they do ban accounts for above frequent API calls, they do ban IPs sometimes for stupid reasons, so why wouldn't they ban an API key for unusual activity ?
1432.
Post 8621671 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.09h):
I like Mike Hearn, he is a talented Developer and most importantly an objective one.
1433.
Post 8624942 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.10h):
conclusion: this year Tesla motors stock so far did better than Bitcoin ... 2 innovations, one is being more embraced than the other, which is really interesting due to the fact that not everyone can afford a Tesla car.
1434.
Post 8630723 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.10h):
2014! Year of bitcoin!
So who's first to admit that they were completely, utterly wrong? Risto, any of the bulltards... waiting...
I was wrong as well
1435.
Post 8668030 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.10h):
yes, I was just testing it to buy a ticket and it works like a charm, today there is plenty of places where to spend Litecoin, more than what Bitcoin had last year, beside I think that Litecoin's price will grow bigger and faster than Bitcoin's price, it is more likely that we see LTC @ $50 than BTC at $5000
1436.
Post 8678050 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.10h):
guys, I am curious about something, I've noticed a huge amount of gambling games (dice games and wheel spining games) the huge amount of these sites suggest that Bitcoiners loves gambling !!?? any of you gamble here ?
1437.
Post 8685603 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.10h):
if you have some Litecoins to play with go here:
www.liteluck.com
1438.
Post 8727451 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.11h):
well, it is not looking good, as expected....
1439.
Post 8727766 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.11h):
Best buy opportunity we will ever see in our lives.
best buying opportunity was when you joined this community, since November it was a good selling opportunity...
1440.
Post 8732202 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.11h):
Relax guys, I am not here to tell you what will happen, but I am here to tell you that whatever will happen it wont be that surprising, you know what they say "it hurts when least expected" but this was expected for months now...
stop worrying and come drop some Litecoins
on Liteluck try throwing the dice of your luck
1441.
Post 8743006 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.11h):
someone would expect the price to go up after the Paypal news, or was it priced in already ?
1442.
Post 8744609 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.11h):
someone would expect the price to go up after the Paypal news, or was it priced in already ?
I think paypal is already priced in, but not the way people would expect: smart money already shorted in anticipation of this news.
What I understand, when big merchants add Bitcoin as payment, it's not good news for short term.
Because Merchants just take payment in Bitcoin and convert into fiat on same time by using coinbase.
That is why price dropping even people think these news are very big for Bitcoin community.
although, now that Paypal will be implementing Bitcoin , the story could change, because the biggest excuses for merchant are:
a) volatility b) usability, as they cant pay forward with Bitcoin, now the usability problem could be fixed with Paypal, the only remaining issue is the volatility. and that will be fixed with mass adoption.
1443.
Post 8759134 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.11h):
I could believe that this is the bottom if we just get more momentum and even if just a small uptrend.
1444.
Post 8797888 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.12h):
the whole scene is depressing... the order book looks really scary... and regardless of the good news and developments people are not showing any real interests which really amazes me.
1445.
Post 8805601 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.12h):
anyone got their circle invite ? I've registered at the early opening but they still didn't send me any invite !
1446.
Post 8850051 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
stop with "manipulators" conspiracy, not every single trade that effect the price is manipulation, we are 200$ (from 650) in 2 months and you are still talking about bubbles and manipulators!!! the truth is that the price might fall down further, I am surprised it held this long.
1447.
Post 8856956 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!! Darkcoin also seem to be doing very well 20% in 24 hours...
1448.
Post 8857248 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
Sorry Blitz, but I can never forget your legendary, "Nobody buys the triple digit lie any more." Your pessimism is so over the top.
Bitcoin is FINE everyone. It's still the most robust medium of exchange ever invented.
I wonder what would the price of a Bitcoin be if Alts didn't exist ?? we all know that to buy an Alt you need to buy bitcoins first to convert them to alts later which add additional demand/support to the price.... now imagine that for a moment.
1449.
Post 8857267 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!! Darkcoin also seem to be doing very well 20% in 24 hours...
This are poor pump and dumps actually, Peercoin was up 40% yesterday and something similar with Blackcoin a few days ago. 3/4 of ripples volume is in cny
BTW GameLeagueCoin is up 54% and Bitmark 40%
I do look only at the top 10 coins by 24 hours Volume and market cap.
1450.
Post 8858394 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
1451.
Post 8858634 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
Crazy stuff. This doesn't exactly seems like a healthy market. Where are all the sells coming from?
At any rate, these phases are necessary to further distribute the Bitcoins over the world (cause that is what this is).
24K
BTC to $100 and 9K
BTC to $600 @ Bitfinex.... I am ignoring the fact that usually when the price move a bit up, more Asks build near the target price.....
conclusion: the tension in the crypto market is not healthy at all, it gives me the impression of a coming/near collapse !!
1452.
Post 8858680 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
Crazy stuff. This doesn't exactly seems like a healthy market. Where are all the sells coming from?
At any rate, these phases are necessary to further distribute the Bitcoins over the world (cause that is what this is).
24K
BTC to $100 and 9K
BTC to $600 @ Bitfinex.... I am ignoring the fact that usually when the price move a bit up, more Asks build near the target price.....
conclusion: the tension in the crypto market is not healthy at all, it gives me the impression of a coming/near collapse !!
Collapse? You must be joking lol. It will not significantly (not that word!) collapse.
a "crash" from $460 to $150 is considered a collapse IMO, which is very possible looking to this thin book order.
1453.
Post 8859059 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
Crazy stuff. This doesn't exactly seems like a healthy market. Where are all the sells coming from?
At any rate, these phases are necessary to further distribute the Bitcoins over the world (cause that is what this is).
24K
BTC to $100 and 9K
BTC to $600 @ Bitfinex.... I am ignoring the fact that usually when the price move a bit up, more Asks build near the target price.....
conclusion: the tension in the crypto market is not healthy at all, it gives me the impression of a coming/near collapse !!
Collapse? You must be joking lol. It will not significantly (not that word!) collapse.
a "crash" from $460 to $150 is considered a collapse IMO, which is very possible looking to this thin book order.
I would sell my house, my car, and all my toys and buy the shit out of bitcoin if we go below 200.
when the price was around $800-950 at the beginning of this year, people said the same about $4xx... people said that 2014 is the year of Bitcoin (which wasnt wrong in terms of development) and they said the price will jump to $10K before May... and they said... they said many things, I wonder if these people are still around ?
I remember talking to someone after the gox failure, he told me that Gox killed every chance for Bitcoin's price growth this year, I told him that this doesn't matter and I was up for a bet, he wouldn't take that bet because he thought it wouldn't be "fair" as he was damn sure about what he was talking about, the guy shorted the shit out of Bitcoin just a little below $1000... he was a hard core Bitcoiner...in fact he is still around but I don't think he still holds that large sum of coins he held last year.
1454.
Post 8859614 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
3xx before the end of the week ?
1455.
Post 8859664 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
It's going to be fun to watch then support at 440$ will be broken.
I don't think this will happen yet. Looks like a small bounce is incoming.
you call 1400 BTC support ? what happened to the 10K and 20K
BTC walls that we've seen at the beginning of this year ?
1456.
Post 8859808 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
Maybe i'm obsessed with ddos, but it seems like stamp trading slowed a lot
Bitstamp is drying up... they didn't innovate at all, Bitstamp today is like Bitstamp the end of 2012, all they did is add 2FA (very late last year) and add stop loss this month, they are so slow regarding innovation.... and their insane know your customer practice is not the best way to bring more customers (if not the reason to lose more customers).
1457.
Post 8859871 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
I've not seen such a wide spread across the exchanges since I got into BTC early year. It's quite clearly a manipulated flush on key exchanges. BTC china has been dragged by the feet but its obvious there is too much hurt because te exchange is +$15 and doesn't want to follow off the cliff.
We can only wait until this entity / group is done with their mission. The shorters will have to pull out of their positions soon as well, they are all going to get cluster-fucked if the trend reverses sharply - and it will when the dump is over.
what ?!!! Gox and stamp had $200 at one point (but Gox BTC and Gox dollar doesnt count) and BTC-e had at least -$50 gap from Bitstamp.
1458.
Post 8859881 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
Maybe i'm obsessed with ddos, but it seems like stamp trading slowed a lot
Bitstamp is drying up... they didn't innovate at all, Bitstamp today is like Bitstamp the end of 2012, all they did is add 2FA (very late last year)
and add stop loss this month, they are so slow regarding innovation.... and their insane know your customer practice is not the best way to bring more customers (if not the reason to lose more customers).
Wait, they added stop loss at Stamp ?
That could be entertaining ...
1459.
Post 8862118 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
Dipped again, bought again. Cheap coins for everyone who wants them!
Obviously no one
The fact that the price has been sustained at, or above $450 for a while, with more BTC being created daily, shows plenty of people want them.
Really ? I cant remember since when the price was/is sustained @ $450, wait... is it since the time it was $550 and you said we will never see $500 again, or is it since the time the price was $650 and you said you feel a bubble forming ?
cant really blame you, people are just desperate..... meanwhile lets do something fun, you ask your inspiration (risto, for readers who doesn't know) about how many coins he still hold and he have to sign a message were coins are contained ( lets see if he still hold the
6000+ BTC that he forgot to count once), and come back to me with the answer and I will make it more fun and interesting with few other facts.
1460.
Post 8862186 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
Dipped again, bought again. Cheap coins for everyone who wants them!
Obviously no one
The fact that the price has been sustained at, or above $450 for a while, with more BTC being created daily, shows plenty of people want them.
Really ? I cant remember since when the price was/is sustained @ $450, wait... is it since the time it was $550 and you said we will never see $500 again, or is it since the time the price was $650 and you said you feel a bubble forming ?
cant really blame you, people are just desperate..... meanwhile lets do something fun, you ask your inspiration (risto, for readers who doesn't know) about how many coins he still hold and he have to sign a message were coins are contained, and come back to me with the answer and I will make it more fun and interesting with few other facts.
So what a fair price would be for you?
it is not about me, look at the book order and try to ask your question again.... but if you insist, if it would be about me, the price would be at the moon or zero at this point
1461.
Post 8862236 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
Dipped again, bought again. Cheap coins for everyone who wants them!
Obviously no one
The fact that the price has been sustained at, or above $450 for a while, with more BTC being created daily, shows plenty of people want them.
Really ? I cant remember since when the price was/is sustained @ $450, wait... is it since the time it was $550 and you said we will never see $500 again, or is it since the time the price was $650 and you said you feel a bubble forming ?
cant really blame you, people are just desperate..... meanwhile lets do something fun, you ask your inspiration (risto, for readers who doesn't know) about how many coins he still hold and he have to sign a message were coins are contained, and come back to me with the answer and I will make it more fun and interesting with few other facts.
So what a fair price would be for you?
Please don't quote it!
Dont quote it !!? maybe you meant him, or you really think I am an object?? and BTW this is the answer to your dilemma:
1462.
Post 8862263 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
My take is as Phoenix's - mmitech your answer proves that you are just trolling...
So bad cause you seem really smart guy and could be very useful with your feedback.
I've been trolling since May remember ? when I was telling you that the price is not going anywhere... was I wrong? am I trolling? let me guess... a hard question, I am going to pass it.
1463.
Post 8862513 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
...you ask your inspiration (risto, for readers who doesn't know)...
His followers think the world of him...
[img]shameless FUD[img]
Risto's trend line is at ~$2,500 now. There has never been a better time to buy bitcoin! This happens every cycle: everyone becomes convinced that bitcoin is finished, and then it rises again!
if anyone said the above, he wouldnt be considered as a troll, but because I speak common sense and use my brain cells I am a troll. well a troll is a common adjective in this sub forum, so be it
I am a troll
1464.
Post 8863217 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
...you ask your inspiration (risto, for readers who doesn't know)...
His followers think the world of him...
[img]shameless FUD[img]
Risto's trend line is at ~$2,500 now. There has never been a better time to buy bitcoin! This happens every cycle: everyone becomes convinced that bitcoin is finished, and then it rises again!
if anyone said the above, he wouldnt be considered as a troll, but because I speak common sense and use my brain cells I am a troll. well a troll is a common adjective in this sub forum, so be it
I am a troll If you don't like bitcoin, then why don't you just leave? This place is for bitcoin believers... those who can hold and not worry about the price 24 hours a day. If you think bitcoin is going down, then maybe bitcoin isn't for you. We really need the mods to start weeding these trolls out, so much FUD around here.
nope you are wrong, this is the speculation sub-forum, bitcoin believers have no place here, you have the whole forum for you and we Bitcoin speculators have this sub-forum. and BTW who said that I don't like Bitcoin? see your confusion is that you mix things up.
1465.
Post 8863327 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
monkey says buy now. i buy.
give your monkey a banana, he seems to be missing some glucose.
1466.
Post 8863371 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
I remember him, he slaughtered US soldiers and throw them off Baghdad walls, US soldiers cried and run away... of course according to al sahhaf
, joke aside, he is what you call the best minister of communication, and what he did is called a media and psychical war it almost worked on me, I believed him at the time
.
1467.
Post 8863777 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
If someone could DDOS Bitstamp for a week we could regulate ourselves back to 800$
Better idea: We ALL could unionize and agree not to undersell each other like The Man wants us to!
...
Miners, unite!
You have nothing to lose but your chains!
You are the Bitcoin proletariat, your struggle is the class struggle!
If more than 51% of you unionize, you won't have to plead, you could DEMAND more $ per BTC, or else fork the fat, greedy oppressor!
The so-called "early adopters" will HAVE TO mortgage their fancy wives and houses to to protect their ill-gotten Bitcoin spoils.
The price will skyrocket, everyone will eat peaches and cream!
Fight the power!
UNION POOL NOW!
well, that would be achievable when mining was all about the small guys, now mining is incorporated business...
1468.
Post 8863974 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
My take is as Phoenix's - mmitech your answer proves that you are just trolling...
So bad cause you seem really smart guy and could be very useful with your feedback.
I've been trolling since May remember ? when I was telling you that the price is not going anywhere... was I wrong? am I trolling? let me guess... a hard question, I am going to pass it.
You are a fucking idiot, and the more you write, the more of an idiot you appear to be.
there is no value in your post, just butthurt...
1469.
Post 8867283 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
I've hear a rumor about Gox adding PPC and NMC beside LTC.... maybe this is why the price went up
1470.
Post 8874376 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
3xx before the end of the weekend
1471.
Post 8874573 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
1472.
Post 8874656 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
As low as 100$? I'd love that, but I seriously doubt it's possible. This is not 2011, seller pressure is much lower.
every bubble burst, even Bitcoin's one, no exceptions....
1473.
Post 8875437 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
i'll be back.
"I am just going outside and may be some time."
Oooh, good one.
Annecdote time: I told my gf about that quote and its context a while ago, and she got really sad about it.
Now, I sometimes just casually drop the line "I'm quickly going to do some groceries, it may be some time", and her eyes almost water up when I say that
(yes, I'm a psycho)
:
In 1911-1912 a British team led by Robert Falcon Scott attempted to be the first humans to reach the South Pole, the most southerly point on Earth situated on the Antarctic continent. They did in fact reach the Pole (on 17 January 1912), but discovered that the Norwegian explorer Amundsen had beaten them to it. The demoralized five-man British team then began the 895-mile (1,440 km) trek back to their base.
They never made it.
Hampered by worsening weather, poor provisioning, injury and frostbite, the team were destined to die en route. Edgar Evans was the first to die (17 February 1912), apparently as the result of a blow to his head when falling into a crevasse. The four remaining men struggled on, slowed by fierce blizzard conditions. And Oates' severely frostbitten and gangrenous feet and general weakness (possibly aggravated by an old war wound) began to hold them back further, so that they could not keep up the daily distances needed to reach provisions before their rations were exhausted. On 15 March Oates told the others that he could not continue, suggesting that they leave him in his sleeping-bag and go on without him. They refused. The following night, according to Scott's diary entry, in the early morning of 16 March 1912, Oates said to his colleagues: "I am just going outside and may be some time." Then, without going through the painful exertion of putting on his boots, he stepped outside into a raging blizzard and temperatures of -40.0 °C (-40 °F) to face certain death.
Oates' self-sacrifice did not save his colleagues from a similar fate. Scott, Wilson and Bowers died nine days later, eleven miles short of their next pre-laid food depot that could have saved their lives.
Oates died a bachelor the day before his 32nd birthday, probably still unaware that he had fathered a child with an 11-year-old Scottish girl when he was about 20, a fact that emerged many years later.
His memorable phrase lives on in the English-speaking world both as among the most famous of last words and as the epitome of heroic understatement and allusion.
1474.
Post 8875556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
1475.
Post 8875720 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen...
yes, I feel sorry for selling at $6xx
, I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma-
trollsbulls that hang around here.
[/sarcasm]
1476.
Post 8876319 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
when will this shit stop???
you are asking the wrong questions.
1477.
Post 8876763 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
How long until the VC's get pissed off and wire tens of millions to exchanges?
VC's are not invested into Bitcoin but into companies that deals with Bitcoin, coinbase/bitstamp will function regardless the price is $1000 or $100 same goes for bitpay and all other companies.... most of you here don't spend any time studying all technical and ideological aspects of Bitcoin and think that Bitcoin survival is related to its price only, which is very wrong...
there is more to Bitcoin than its price.
1478.
Post 8877758 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.13h):
I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)
I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $100.
Private !!?? wasn't it Pirate who promised the exchange that offers leverage and asked people to lend him money for 6% weekly interest and a possibility of 120% payout later ? now anyone believed that is a fool, and the same goes for these noobs who joined at the end of 2013 and this year thinking they will multiply their investment by 100x .
To be honest, I invested my money expecting to make some money, but I never ever thought or imagined I would make 100 or even 10 times what I invested, these noobs invested thinking or expecting that they will make that much of money (100x), but worst other members seem to promise them that payout if they hold... which is everything wrong with this community....
Greed.
1479.
Post 8878559 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen...
yes, I feel sorry for selling at $6xx
, I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma-
trollsbulls that hang around here.
[/sarcasm]Where are JJG and Trolfi? I haven't dropped by here for a while, and it seems so much more peaceful without them. I almost feel like staying.
Oh YES!!!! you should stay, and that way mmitech has someone who is ready, willing and able to kiss his butt. That would surely be helpful to our analyses and speculations regarding BTC prices.
your analyses ? BTW where I can read your analyses ? I didn't come across any analyse or sane post of your yet, all I see is butt-hurt posts and attacking most posters when you disagree, and it just struck me that the guy who cant solve a simple mathematical issues knows how to analyse things !!!
1480.
Post 8878628 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Okay thanks for the information my friends.
Is there any altcoin succeeding wich I should invest?
I registered on this forum to get professional advice from real economists.
hahahhaha this is so entertaining, I love this forum.
1481.
Post 8878697 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Okay thanks for the information my friends.
Is there any altcoin succeeding wich I should invest?
I registered on this forum to get professional advice from real economists.
hahahhaha this is so entertaining, I love this forum.You know that guy's a troll, right?
oh, you ruined my fun
1482.
Post 8879157 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Next stop $100
1483.
Post 8879270 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Ripple has the 2nd market cap now, Litecoin lost that place
1484.
Post 8879817 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further).
at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.
Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen...
yes, I feel sorry for selling at $6xx
, I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma-
trollsbulls that hang around here.
[/sarcasm]Where are JJG and Trolfi? I haven't dropped by here for a while, and it seems so much more peaceful without them. I almost feel like staying.
Oh YES!!!! you should stay, and that way mmitech has someone who is ready, willing and able to kiss his butt. That would surely be helpful to our analyses and speculations regarding BTC prices.
your analyses ? BTW where I can read your analyses ? I didn't come across any analyse or sane post of your yet, all I see is butt-hurt posts and attacking most posters when you disagree, and it just struck me that the guy who cant solve a simple mathematical issues knows how to analyse things !!!
YES... It looks like you want to give me an assignment to attempt to prove to you that I have contributed to the forum with my analysis.
Why would I spend time in such silly endeavors? I have a lot of posts that provide a considerable amount of information, surely NOT all of my posts are serious, but I have provided quite a few substantive and materially contributory posts.
There is probably little to NO basis for you to arrive at any conclusion regarding my allegedly being "butt hurt." I have NO real reason to be "butt hurt," whatever the fuck that means. Maybe you could describe, a little better, what you mean by that accusation?
Regarding my supposedly attacking posters, I am NOT sure how you come to that conclusion, either? I have spent quite a few posts responding to your various silliness - and if you call that attacking, then so be it, but it is NOT so common for me to supposedly "attack" other posters, besides you, because a large majority of the posters, even trolls, seem to make more sense than you, and they do NOT tend to have a pattern of behavior, like you, of such extensive self-aggrandizing.
I will admit that I have seen a few decent posts from you, but those tend to be pretty rare.. maybe a little more common than a snowball in hell, but NOT much.
your obsession with me is becoming strange and unhealthy, your pathetic way of engaging me is providing a strange and unusual kind of entertainment, yet I cant ignore the pity feeling you give me about your mental health, more concerning is that you seem to see everything I write/do/say offensive and stupid and retarded, while I try to speculate like all of users here most of the time you engage me in a pathetic and retarded yet interesting way that gives the impression of someone butt hurt about something... I ant explain that for you because I was expecting you to explain what does hurt your butt ?
BTW, me selling that stash at 630 and the other half at 580 was the best decision ever, I will wait to invest back at sub $100-200, and I will be investing only $10K and nothing more, enjoy your $600-1200 coins
1485.
Post 8879964 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
are you in the mood of watching a scary movie ? I will spare you some money by showing the Bitstamp bookorder depth:
1486.
Post 8885458 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Good morning, it feels good sleeping without owning any Bitcoin these days.... regarding the price, I think we will see the real panic when we hit 3xx, people still wish/think this is the bottom but when we hit that 3xx, I think it is where people's dreams start crashing.
1487.
Post 8885549 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Good morning, it feels good sleeping without owning any Bitcoin these days.... regarding the price, I think we will see the real panic when we hit 3xx, people still wish/think this is the bottom but when we hit that 3xx, I think it is where people's dreams start crashing.
You are sleeping on a bomb, man.
then I have been sleeping on a bomb the last 2 months
1488.
Post 8885605 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Good morning, it feels good sleeping without owning any Bitcoin these days.... regarding the price, I think we will see the real panic when we hit 3xx, people still wish/think this is the bottom but when we hit that 3xx, I think it is where people's dreams start crashing.
Right now hodlers are buying altcoins to speculate and continue maknng money. If BTC get pushed down the next phase will be liquidity drying out of altcoins. If it gets to that point... We'll look above cos there could be people jumping out of buildings
I think many people who invested between $600-1200 are in despair already, not yet the faze of jumping from windows (that would be $100).
1489.
Post 8885800 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Irrational dumps... check.
More than 50% "This user is currently ignored." posts... check.
New threads with "bagholder" in title... check.
Bankers buttboys detected.
Probable result, replacement of SDR with bitcoin delayed by approximately 2 months.
Suggested action, eat popcorn.
despair.... check
delusion... check
denial....check
conclusion: no conclusion, just humans being humans.
1490.
Post 8885883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.
1491.
Post 8886117 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.
Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.
it is the speculation sub-forum we speculate about trading moves, your jumbo mumbo hardcore Bitcoin is the best and die banks is nonsense here, we all want Bitcoin to succeed, and to be honest Bitcoin's success is not tied only to its price, so I would appreciate it if you would cool off and speculate or GTFO.
1492.
Post 8886966 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Finally we got some cheap coins!
you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250
1493.
Post 8887071 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Finally we got some cheap coins!
you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250
Bottom is today. Once alibaba's ipo is done and quick profit is made, big money is going to come back into bitcoin.
This is absurd. I expect max. 0,0001% from all Bitcoin holders are shuffling their money between BTC and Alibaba stocks. There is no correlation at all.
Ethereum/ppc/ripple is more likely. But i think Bitcoin is mainly going down because people are selling. But that´s just a theory.
yes, Alibaba explanation is utter shit... a took a look at the Bitcoin magazine article and this is what I saw in the comment section:
1494.
Post 8887109 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Finally we got some cheap coins!
you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250
250 is possible as a bottom in a fast-crash. 100 is way below most technical and fundamental supports therefore extremely unlikely, but anything can happen in BTC-land.
I will take my chances
1495.
Post 8887627 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
Feels so obvious that this is a buying point that probably the opposite will happen
you are too invested to decide whether is it a buying point or not, I see that you are emotionally attached to your investment, a best move would be to lower your risk if you are not at a loss yet, but if you are then accept the consequences and hope for a fast recovery.
1496.
Post 8887772 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
People complain about bulls/hodlers as being greedy and delusional. Well now its the bears turn to be greedy and short-sighted.
Instead of FOMO fueling a bull market, we have here ROMO (regret of missing out) cheering this bear market. We have all the people who were mad they missed out on the price rises the past years.
The early adopter Hero Members, Legendaries, and even some Moderators who sold way too early and are butthurt that these newbies could come in and make all this money, when the newbs haven't even been here as long as them. Then the other group of late arrivers who never had the chance to purchase sub $300 coins. They complain about distribution of coins and how unfair that is to them, and love the trolls who are just here to bash Bitcoin.
The bears are banking on it reaching "their" price, the price they feel they deserve to buy at, and then, only then will the price rebound and the moon is allowed to happen. They cling to the TA that tells them the price "must" go down because CAPITALIZATION and COILED SPRING, just as much as the bulls cling to their exponential price curves.
The bears think the price will rebound because it has too, that is what is supposed to happen. Never once contemplating maybe if the price actually reaches their perfect bid, Bitcoin would be irrevocably harmed, to the point that no one gives a damn, and no one wins.
This too shall pass. Maybe Bitcoin is stronger than all this and the bears will get their prices and then everyone will be a bull and $100000 coins are here by December.
Yep that's whats going to happen, right bears?
1497.
Post 8887824 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
I bought $10K worth of another coin (not really an alt) that I am not going to reveal so no one will call me a pumper or have some agendas for "fulfilling my books"... when time comes I will talk about it
1498.
Post 8887911 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
... anybody really want to know who satoshi is today then?
are you satoshi ?
1499.
Post 8887915 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
I call it now. I can bet on it. This is the lowest you can ever buy for the next 100 years. Take it or leave it.
how much do you want to bet on it ?
1500.
Post 8888896 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
FUUUU almost a hour and a half and no confirmation.
Why the price crashed just when I needed to transfer some coins
are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks
1501.
Post 8890607 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.14h):
$98 already, isn't suppose to start at $62 ? or did I miss that ?
1502.
Post 8915165 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more
This. The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now. It's entirely possible we're still far, far above any price supportable by non-speculative use. In that case the fundamentals are catching up to investor expectations, but may be lagging significantly behind.
TL;DR: Bitcoin appears to be doing fine. That doesn't tell us much about what the expected price of BTC should be.
Exactly what I was thinking about, but it really takes time to come to that conclusion...
1503.
Post 8915334 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
I think we may have hit the bottom.
I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :
1504.
Post 8922467 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
good morning Europe, and can we please stop posting the NSFW pictures, it makes this thread unreadable in public places...
1505.
Post 8922551 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
good morning Europe, and can we please stop posting the NSFW pictures, it makes this thread unreadable in public places...
Yeah, like you are not sitting in a lonely cellar somewhere
I wish...
Edit: do you live like that ? it is a good thing to be alone from time to time but living that way must be depressing...
1506.
Post 8922736 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.
1507.
Post 8924915 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Now that bitcoin is dead what the fuck am I going to do all day?
Sadly, go back to what you did before Bitcoin.... in my case it would be really hard now that I've learned many things about this shitty economy, it will be so hard for me dealing with the fact that I will not be paid what I deserve when making a shitload of money for someone else.... it is hard these days to get paid a salary you deserve, except if you run a business your self.
Edit: and Bitcoin is not dead and I don't think it will be dead anytime soon, it is just about to start doing what is suppose to do.
1508.
Post 8931317 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Let me guess: They invested in crypto and now they are trying to pump it
I have read somewhere in this forum that the Bitstamp owners are the richest people in Slovenia. Is that true (or somewhat close to the truth)?
the richest people in their twenties (Nejc the CEO and founder is barley 26 years old)but certainly not the richest people in Slovenia...
1509.
Post 8935859 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Address: 1Nz24Uvi7CVxKauY8tH95csES1QitEezDU
Message: *bling bling*
Signature: HO5RBo93lSzVBiiFC/OAxB0odA6a4ojCSlrJpKKcihXqfZPW8Clj59Sw7+LIeFHfInouNzXrM2bExVjqOweJinM=
just figured out how to do this...
if i write my will and sign it with a bitcoin is it legal?
LMAO
a legendary member just found about how to sign a message !!!? well you are doing too much speculation... no wonder the price went to $1200, just too many guys like you.
1510.
Post 8942179 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
this is bullish short term but so bearish mid term, but again bullish long term...
1511.
Post 8942289 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
this is bullish short term but so bearish mid term, but again bullish long term...
What?? 600$ in few hours!
THERE IS 11 000 SHORTS ON FINEX!!
nah... you would be great if you break $470 and that is a big if.
1512.
Post 8942616 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
LOL WAT THE FUCK JUST HAPPEND??
I just heard my phone ringing
What a nice fucking surprise though!
ALL IN
you are a sheep, later I will hear you cry about how you fucked up, a good trader doesn't buy on the way up but on the way down, this is what I call a great opportunity to sell especially if you bought on the way down.
1513.
Post 8942919 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
at this point I see people cancelling bids and instant buying... I wonder if the bid side will be even weaker now that people bought, and I also wonder if there will be more dumps when bids build up.
1514.
Post 8943017 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Lol, whale bears still trying to put up walls, save your coins for later suckers, you're going to need 'em
Think paypal execs would have let news out without getting a good position... and being ready to defend it?
lets see about that....
1515.
Post 8950575 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
and the downtrend continues, but whoever bought below 400 and sold around 440-450 made a good trade...but lets wait for the real bottom that could take a couple of months to happen.
1516.
Post 8950664 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
and the downtrend continues, but whoever bought below 400 and sold around 440-450 made a good trade...but lets wait for the real bottom that could take a couple of months to happen.
One thing is certain, ALL your posts are negatif in some way.
I know everybody want cheap coin like old time but cmon, FUD is soo 2013
We take $57 yesterday, a small correction today was probable
negative, and FUD ? are you kidding... you know what, Bitcoin will be at a new ATH next week, BUY YOU FOOLS BUY NOW IDIOTS.... and I wont comment about this trend anymore, but I will remind you later you bull-tards.
1517.
Post 8954547 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
interesting, but Ripple doesn't seem to be doing very well this year.
1518.
Post 8954613 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Any plan to use the coin too?
Otherwise I can't see how it might affect the coin price too
you can use the coin as well, what is interesting about Ripple is that you can send ripple to a Bitcoin address (it get converted automaticly) and you can send it to Litecoin or USD or EUR (address/account)... but I still dont get how their blockchain works...
1519.
Post 8963610 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Good morning, I wont remind you about what I said a couple of days ago but I will leave this here...
less than 13K
BTC to under $40 and more than 15K
BTC to $600... how much scary is that ?
1520.
Post 8963869 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.15h):
Good morning, I wont remind you about what I said a couple of days ago but I will leave this here...
Corrected.
I tried to be civil about it, but heck this is what I wanted to say
1521.
Post 8970720 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Anyone else in here use Circle?
I've never experienced a better way to buy bitcoins. So easy my grandma can do it.
yes I got my invite few days ago, it is amazing, I really like the simplicity.
1522.
Post 8977601 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
and we are back to pre-Paypal news (as expected), I was thinking these past few days and I think that I will start buying back between $100-200.
1523.
Post 8977768 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
and we are back to pre-Paypal news (as expected), I was thinking these past few days and I think that I will start buying back between $100-200.
lol!
At least, he has been thinking... which should help him to formulate more realistic views, unless he's on some kind of fantasy loop in which the thinking does NOT cause him to escape from his fantasy?
1524.
Post 8977883 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
That Paypal bull-trap was one of the most gruesome ones this year. All optimism that was left got smashed with a hammer in no time.
Only the bull-tards who believed it was the start of next bubble got smashed, I knew it all along.... but hey who would listen to an "idiot" bear like me right ?
1525.
Post 8978732 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Last days hours of humanity BTC>400$
The next 12 hours are critical and crucial to the next 20 years of bitcoin...
Brace yourselves!!!!!!!!!!!
if the technical part of Bitcoin stay as it is today, then simply Bitcoin wont survive for 20 years... and this is for sure.
1526.
Post 8978825 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
this guy just posted something in his Elliot Waves Analysis thread, worth seeing
https://bitcointalk.org/index.php?topic=555289.msg8976473#msg8976473unfortunately he did not provide much commentary, but in the past he has been very good
"An update to the Elliot Wave count I have posted previously. As long as the previous low for wave ii-(1)-3 at around 390 holds then this count looks good. "
I did look at it, and I dont think this will be happening.
1527.
Post 8978875 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
yes, I am positively sure that the price wont be holding for so long, it is a matter of couple of days before the red candles show up everywhere.
Edit: really disturbing image.
1528.
Post 8979655 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
...
if the technical part of Bitcoin stay as it is today, then simply Bitcoin wont survive for 20 years... and this is for sure.
You are bullish, in this case I'll only give it 4 - 5 years.
apart from the obvious answer to extend functionality would any of you care to elaborate why.
And please give concrete technical reasons
Even if you cant figure for your self half of the challenges Bitcoin is facing, there is a wiki for that... take some time and read
about it here Edit: for some reason they didn't include the Block size limit and blockchain size problem (could be in the future)
1529.
Post 8979903 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
...
if the technical part of Bitcoin stay as it is today, then simply Bitcoin wont survive for 20 years... and this is for sure.
You are bullish, in this case I'll only give it 4 - 5 years.
apart from the obvious answer to extend functionality would any of you care to elaborate why.
And please give concrete technical reasons
Even if you cant figure for your self half of the challenges Bitcoin is facing, there is a wiki for that... take some time and read
about it here This is exactly what annoys me about your attitude. You pretend to know it all yet when someone posts an embedded image in a quote you have no idea what is going on.
A lot of the presented attacks in that wiki are known weaknesses or potential attack vectors, yet many require focussed effort and a lot of financial power to be executed properly.
While your statement is totally true (any code that survives 20 years without any modification is either very basic and hence easy to prove fully correct or its effects are so neglectible that there is no real point in focussing attention on it) it was made to throw a bad light on the current status quo of the core protocol code.
Show me any complex software or service that will work for 20 years if external factors change.
"if the technical part of
Google search stay as it is today, then simply
Google search wont survive for
20 years... and this is for sure.
Statements like your original one just make you look like a fool
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
1530.
Post 8980035 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
But this is where you are mistaken. Bitcoin is a protocol, that is true. Yet you fail to understand what it does.
Bitcoin forms probabilistic consensus on a ledger of units where ownership is proven through digital signatures.
The value lies in the ledger and that consensus is formed on it. Not on the concrete protocol specification
See, I know exactly what is Bitcoin, and everything I wrote above has a simple yet a deep meaning to it, now if you fail to see that, this simply means that you are way too much invested (blindly invested) into Bitcoin, and I honestly have no energy to argue or explain that to you.
It is my opinion on this matter, consider me wrong with the possibility of being right, also all you said above doesn't argue or solve the real known issues, so I don't see any value with arguing further with you.
1531.
Post 8980059 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
how can it be larger than it if it is dependent on it, where you came up with this logic ? listen to your self really.
1532.
Post 8980620 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
This is you just backing out of the argument. I would love to get into specifics. Btw I am not heavily invested in bitcoin. I have a few but even if the bullish prediction of the vinklevii comes true it won't really change my life.
I am however massively excited about the possibilities provided by cryptocurrencies.
You know I don't have to subscribe to bitcoin as the winning ledger (yes, ledger not protocol) to believe in cryptos.
ok you've got my intention there, this suggest that you have most of the issues figured out, how do you think we will solve:
1-The Block size limit when the number of transaction/minute is 100 times higher than today.
2-The block chain size when it exceeds 200GB or 1TB ? most users or services will have to use clusters of storage, if the adoption rate picks up this has to be fixed really fast.
running a bitcoin node consume so much resources (bandwidth consumption and memory, mempool containing unspent Txid) how do you think a normal user will have to deal with these issues, he will have to use centralized wallets and services which against the fundamentals that Bitcoin was created for in the first place.
3-The energy waste, it has been known that when the price goes up mining becomes more profitable and more resources are brought online...resources that most of us consider wasted, as of today the hashrate is more that 250 Petahash/s, assuming that the worst chip on the network consume 0.5w/ghs (which is way too optimistic) this means that at this point miners consume way more than 125 hourly Megawatts... just FYI a typical nuclear plant produce from 500-2000 hourly Megawatts.
4-DDOS attacks: when Bitcoin become bigger, there will be Big services that run the Bitcoind in order to offer their services, organized groups can run denial of service attacks against these services, you can read more about how they can do it in that wiki I provided before.
5-Malleability issue, and don't tell me it is not an issue, because it really is, and it is not fixed yet, they just found some work around it.
6-Double Spending, even if you don't have 51% of the network you can perform double spending with as little as 25% of the network,
and this did happen before7- The 51% attack, we all know what it is, it is achievable, any government can achieve it if they want to kill Bitcoin, even at this point.
8-man in the middle or packet sniffing, also described in that wiki.
There many more issues, but these are the one that concerns me for now. now I would like to hear your solutions.
1533.
Post 8982269 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
--snip--
Amusing that you say bitcoin will fail yet assume the transaction volume goes up 100 times
Don't be ignorant, when did I say Bitcoin will fail ? I said
IF these issues wont be fixed
then Bitcoin wont survive 20 years, and I added that TCP/IP didn't have much changes in the protocol over a decade, all you wrote above is still theoretically right, but when you get a practical solution that can be implemented we can discuss things further.
and no, I don't think Bitcoin is the greatest thing after internet... this is an insult for all the huge innovators and innovations that took place the last 20 years.
1534.
Post 8983144 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
--snip--
Amusing that you say bitcoin will fail yet assume the transaction volume goes up 100 times
Don't be ignorant, when did I say Bitcoin will fail ? I said
IF these issues wont be fixed
then Bitcoin wont survive 20 years, and I added that TCP/IP didn't have much changes in the protocol over a decade, all you wrote above is still theoretically right, but when you get a practical solution that can be implemented we can discuss things further.
and no, I don't think Bitcoin is the greatest thing after internet... this is an insult for all the huge innovators and innovations that took place the last 20 years.
well done snipping my reply out of context as I immediately followed with a statement of you using the "if it doesn't change in 20 years" excuse.
So your argument boils down to "There are potential scalability and security issues if bitcoin is not maintained for 20 years"
IPv4 will/is running out of address space. So should I say it is a failed protocol? Should I call it useless? That issue was known for a long time.
Or even more to the point. Do the address space limitations of IPv4 directly prevent you from writing witty comments in this forum? (assuming you or your provider still run on it)
The same goes for the bitcoin protocol. Absolutely essential changes will come when needed, more is bonus.
I asked you why you believe that technically bitcoin is so flawed that it simply can't last 20 years.
The issues you posted are
possible problems that may or may not be relevant.
To make such a definitive claim I would have liked to hear something along the lines of "at difficulty x the nonce is too small to guarantee that a solution can be found" (btw this is a real possibility)
That would be a real issue.
[edit] just to clarify : the nonce is 4 bytes, the block hash 32. You can vary other things like the timestamp but unless you can ensure that you have at least 32 bytes to modify you may not find a solution
Btw I agree with you that bitcoin is not the greatest thing after the internet but I think it is quite significant. Some people get carried away with their enthusiasm.
I think we are arguing about the same thing here, I agree with what you said, and yes it is still all theoretically possible, again I will repeat it or rephrase it for you: "I didn't say Bitcoin will fail today or tomorrow but in order for it to be a success and be around for the next 20 years, so many things needs to be changed"
BTW: about the IPv4 argument, this is why IPv6 was found
1535.
Post 8983244 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
These sort of people would never dare post in such an area, because the opposition to their tired unsophisticated "critiques" would get completely decimated and ignored by people with any kind of subject matter expertise.
don't worry about the other sub-forum, because unlike this sub-forum, people there are aware of these challenges and acknowledge them, and most of them are fairly objective and not a cultist blind speculator like you, I would like to add that most of people there come from IT careers, people that can drive their own dreams, not like some of the speculators here who trash everyone just because they didn't achieve anything in their lives so they count on Bitcoin as their only and last hope.
1536.
Post 8983313 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
These sort of people would never dare post in such an area, because the opposition to their tired unsophisticated "critiques" would get completely decimated and ignored by people with any kind of subject matter expertise.
And it is exactly this sort of reply by "bitcoin experts" (the kind who claim that paying with BitPay or Coinbase is "paying with bitcoin") that keeps most people away from bitcoin.
Don't be silly professor. Most people have never heard of bitcoin except superficially, nor do they understand it's properties or obvious advantages over fiat currency. I bought a takeaway last night from my blockchain.info wallet using my smartphone via bitpay. It was seamless, instantaneous and flawless. That is typical of the average bitcoin transaction in the future.
this is not an argument for "Bitcoin is better than Fiat", last time I used my paypal it was as fast or faster than you described, in fact today I paid for my groceries with my bank issued debit card and it was as simple and fast transaction as it would get.
when Bitcoin becomes that simple and easy and safe and secure and less volatile, then and only then it can get mass adopted and be praised by the average Joe.... and yes I am aware of all what Bitcoins offer, but we are still in Beta and it is still not worth risking too much of money.
1537.
Post 8983558 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
This place would be so much better if everyone would just stop quoting idiot stolfi.
It's amazing you guys still don't get it. This isn't about Bitcoin. This is about him getting attention. All you are doing is feeding his need for attention. He will keep saying the opposite of what you say just to get attention.
Why don't you people realize this?
If this thread would be closed he would find another high traffic thread about a much talked about subject. He will read it and then start posting in a way that will make a lot of people reply to him. This can be a forum about candy, seals or trees. He doesn't care. He is obsessed with getting attention and you are giving it to him.
Actually he's a paid troll. He's paid to be here. As I'm sure there are others here as well... starting to think mmitech is a paid troll too, the way he blathers on and on ad nauseum...
Well unlike most of idiots who talk about me being a troll, I actually owned Bitcoin and I actually made good profits and that was achieved by using so commonsense and objectivity.
I am not a Bitcoin die hard cultist and if Bitcoin would crash down and burn that wouldn't change my life style allot... I have a profession that I can start using again anytime, I was(am) a successful engineer even before I learned about Bitcoin.
1538.
Post 8983628 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Two more:
9- The average wait time for 1 confirmation is about 10 minutes; and, in a significant fraction of cases, can be 30 minutes or more. That is too much even for internet payments, and is unacceptable for shopping at brick-and-mortar stores. (In contrast, verification and payment with a chip-enabled credit card, which is the standard here in Brazil, takes less than 1 minute.)
10- There is no way to correct mistakes (like sending bitcoins to the wrong address) or to recover stolen coins.
There is also the question of security against theft, but I am tired of arguing the obvious there...
As to 9:
Why do you spew this garbage? You know damn well that the first confirmation is instant.
The average wait time for the first confirmation is less then 1 second. This instant confirmation is checked by 1000's of computers verifying that the transaction is valid. An invalid transaction will not be propagated by the nodes. This instant confirmation is much better then the chip card because the chip card transaction can be reversed for 30 days. Even bank transfers can be reversed within 14 days with no hassles and up to 30 days.
There is a reason that large sales in the real world use 30 day escrows, ie buying a house. With bitcoin you would get the same 30 day escrow safety within an hour.
Holy fuck....are you kidding ? a first confirmation is when your Transaction is included into a block, a block needs to be solved first, and incoming unconfirmed transaction is one thing and a confirmed transaction is another thing. I cant believe you just said that.
1539.
Post 8983672 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
This place would be so much better if everyone would just stop quoting idiot stolfi.
It's amazing you guys still don't get it. This isn't about Bitcoin. This is about him getting attention. All you are doing is feeding his need for attention. He will keep saying the opposite of what you say just to get attention.
Why don't you people realize this?
If this thread would be closed he would find another high traffic thread about a much talked about subject. He will read it and then start posting in a way that will make a lot of people reply to him. This can be a forum about candy, seals or trees. He doesn't care. He is obsessed with getting attention and you are giving it to him.
Actually he's a paid troll. He's paid to be here. As I'm sure there are others here as well... starting to think mmitech is a paid troll too, the way he blathers on and on ad nauseum...
Well unlike most of idiots who talk about me being a troll, I actually owned Bitcoin and I actually made good profits and that was achieved by using so commonsense and objectivity.
I am not a Bitcoin die hard cultist and if Bitcoin would crash down and burn that wouldn't change my life style allot... I have a profession that I can start using again anytime, I was(am) a successful engineer even before I know about Bitcoin.
You're really going to come on a pro-bitcoin forum, drag out 4 years old, tired counter-arguments about how Bitcoin is doomed to fail and here are the valid reasons, pat yourself on the back and tell everyone else they lack the objective thinking of your brilliant mind??
That sir, is the purest definition of TROLL that I can think of.
ALL HAIL THE BRILLIANCE OF MMITECH!
you are now just being a fucking moron, if those issues wont be fixed Bitcoin is not going to survive 20 years and neither will self distract in case of mass adoption..... these were my exact words, so please stop twisting them, period.
1540.
Post 8983699 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Unemployed too it seems.
in fact yes, I am Unemployed , if you were here long enough you would know why... or let me tell you: I cashed out a shit load of money and did quit my job. thanks to Bitcoin ( and all the bull-tards that made investment worthwhile )
1541.
Post 8983821 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
....
you are now just being a fucking moron, if those issues wont be fixed Bitcoin is not going to survive 20 years and neither will self distract in case of mass adoption..... these were my exact words, so please stop twisting them, period.
You and your camel
What area of engineering btw, IT related?
Shows how bad this place has got when a troll is indistinguishable from a realist, by 20 years there will be so many potential improvements to crypto's that Bitcoin would likely need a complete rewrite at some stage (then the BS artists can do the whole "Bitcoin 2.0" thing again). Another crypto could take over at that stage unless it gets like email and too many people depending on it but more likely the trustless transfer of ownership thing will matter more than exchange rates before then.
yep, IT...I always forget that I am just posting wrong things in the wrong section of the forum... I shouldn't bother so much...
1542.
Post 8989524 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Good morning, will this be the weekend that we kiss $400 goodbye ? lets see what will happen.
1543.
Post 8992343 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
shit, once these sites started to appear you know what will happen to adoption, imagine your self as a person who've heard something about Bitcoin, your are curious, you want to learn more about it, you go to your search engine and type in Bitcoin, the result will be sites like this...
1544.
Post 8995457 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
What if those 2.8k at 420 were a real bid from a millionaire who chose that number because he is happy and stoned tonight?
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
Since when we give a fuck about loaded ? I wouldn't be posting smiley faces when holding that amount of coins, his investment is losing value while he is watching, even if he bought @ less than $10...
Edit: I just realized that I accidentally answered an old post.
1545.
Post 8995498 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
What if those 2.8k at 420 were a real bid from a millionaire who chose that number because he is happy and stoned tonight?
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
Since when we give a fuck about loaded ? I wouldn't be posting smiley faces when holding that amount of coins, his investment is losing value while he is watching, even if he bought @ less than $10...
How did yesterday's Doge pump n' dump go? you were heading over there yesterday with much wow
are you kidding me ? I have nothing to do with doge, and I never had.
1546.
Post 9001262 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Forget the last bubble. If you knew a year ago that the price today would be around $400, would you be predicting the end of Bitcoin? Everything is going well. I don't know how much lower it will go, but I feel more comfortable holding now than if I had no position in BTC. I'll buy more if it goes lower and I really hope it does, but it feels cheap to me now.
from reading your posts that talk about your position, you seem to be a horrible trader, you bought and held when you supposed to be selling and you sold when you supposed to be buying... everything point to you losing so many Bitcoins/fiat to these moves.
1547.
Post 9003226 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
All these n00bs that don't remember 2011...
You remember what happened 2011 ? good because whoever were present should know better than anyone else what a long bear market means.
1548.
Post 9003365 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly.
I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.
There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.
No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not.
you are wrong about this, not every BTC was mined today or yesterday, and mining is not that important when it comes to price discovery, you have to remember that there is more than 13 million Bitcoin in circulation, most of these coins are still profitable at today's price, in fact most of them are still profitable even if the price drop to $50, and this is one of the most logical explanations to "why are people not selling?" simply most of these holders are still way far from losing any money.
1549.
Post 9003633 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
you have to remember that there is more than 13 million Bitcoin in circulation
Well, most of those 13 million coins are locked up in cold storage.
Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands?
Even with such a small supply, the demand still can't keep up. That gives us a valuable lesson about Bitcoin. We better start learning from that lesson.
I don't know where did you get that from, but we have always assumed that the 1 million coin of Satoshi are unavailable and we assumed that around another million is lost ( I will explain further), and these coins being in cold storage doesn't mean anything... it took me 2 mins to spend my cold storage coins.
- explaining why (I think) not half Bitcoins are lost: we all know that 68% of the coins in existence are held in addresses that contains between 1,000- 1,000,000
BTC 
to make the job easier, you can check
this site, first thing you will notice is that most of the richest 1000 addresses were created between 2013-2014 which simply imply to the owners still having control.
1550.
Post 9004563 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
I do expect prices lower than $200 before any new ATH. (in that matter the ATH will take a long time)
1551.
Post 9004898 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
Unfortunately, I think the mining business has moved from Bitcoin accumulators to Bitcoin sellers. People saw the $$$ signs and jumped in, pushing the believers aside. This is not necessarily a bad thing but I do believe it has had some effect in dampening the price rise we were seeing.
if few thousands coins mined everyday (~3600
BTC) could constantly bring the price down, then maybe the price is not where it suppose to be, the price should be where demand and supply meets but consedering huge volumes because 3600
BTC is nothing...
1552.
Post 9007558 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Honestly, I really still blame Karples for everything since $1200.
some people still think that MTgox is the reason of $1200, until we know what really happened with Mtgox we will never know what really happened with the price.
1553.
Post 9007581 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
in other words, I agree, gox fucked Bitcoin big time, when all the world was starting to get curious about Bitcoin and started watching, Gox had to go bankrupt, eventually this would happen sooner or later, but the timing was terrible.
1554.
Post 9007671 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Well it's important to keep in mind that long term Bitcoin really is not only revolutionary, but also extremely useful. It's infrastructure is also becoming more and more robust on a daily basis. It's easy to panic while the price is dropping (which could be from the Alibaba IPO or huge mining operations dumping to pay their bills) but in reality Bitcoin itself has never been healthier.
The level of investment that has gone into bitcoin isn't going to disappear as these VC firms do multi year planning and know to expect a long struggle: especially in something as new as bitcoin. It took the internet awhile before it really kicked off as well- anyone remember the big tech bust of web 1.0?
Anyway, really we need to get people buying bitcoin as more than just an investment, although as an investment it's still probably fantastic in the long run. Our $10,000 coin dreams are based largely (I think) on bitcoin being adopted for remittances.
what fear got into you ?
just don't tell me you didn't sell anything when the price got to $1000 ?
1555.
Post 9007699 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.16h):
Right know even ripple seems to be doing better than Bitcoin, which BTW reminds me about the ripple troll, where is he ? usually he shows up when the price is dropping...
1556.
Post 9012792 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:
1557.
Post 9012840 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:
Will this be the bottom? Or you expect less?
you mean $370 ? nah, I think we are still far away from a bottom I expect coins between $150-200 this is why I sold all my stash between $580-630, but this is only my opinion and it is not a trading advice.
1558.
Post 9012852 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
If this chart is an accurate description of the situation, we are now between fear and capitulation and we should go lower than 200 during the despair phase.
and this is what I was saying for 4 months now...
1559.
Post 9012933 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:
You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.
you do that instead of me.
1560.
Post 9012946 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.
Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.
Bubble? or a broken global financial system?
your post is called despair.
1561.
Post 9013048 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.
Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.
Bubble? or a broken global financial system?
your post is called despair.
Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.htmllets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the inflation argument is old and fake, and I consider it an insult to m intelligence.
1562.
Post 9013085 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
good morning, 200 in couple of weeks or so... just to remind the perma-bulls that trashed me before, this is the 3 years chart of Bitcoin's price (1W candles) tell me if it doesn't look like a bubble... and don't tell me this time is different:
You should investigate periodic functions. Maybe also check what a spring does when you expand it and let it go.
you do that instead of me.
My opinion is the opposite of yours so I obviously don't have to.
I don't think you understand the analysis good, because you were yelling for a reversal and a bubble since I remember, it didn't happen, and even if it happens now it doesn't make your analyzes right but it would be a lucky guess, because imagine me repeating "the price will go up" the whole year everyday, once it does it will look just silly.
1563.
Post 9013095 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
lets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the inflation argument is old and fake, and I consider it an insult to m intelligence.
Inflation rate is currently about 10%
https://en.bitcoin.it/wiki/Controlled_supply[/quote]
no it is not, the network hashrate is around a constant 25% in average more than it suppose to be.
1564.
Post 9013112 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.
Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.
Bubble? or a broken global financial system?
your post is called despair.
Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.htmllets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the inflation argument is old and fake, and I consider it an insult to m intelligence.
Bitcoin
technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.
see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.
1565.
Post 9013120 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I think you are mistaken as I never call for a bubble, there are no bubbles in Bitcoin because a bubble implies overvaluation (and that has never happened yet). There will be a next growth spurt however.
Still have fun ruining your financial future
don't you worry about my financial future, because I am sure that it will be just fine, worry about your self because you are stuck in the danger kind of delusion...
1566.
Post 9013125 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Perhaps it is changing.
a smart guy would understand what an average mean, in that sense showing me a 2 months long chart doesn't imply to you understanding the word average.
1567.
Post 9013402 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.
see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.
No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.
do you mind if I ask you this: how old are you and what kind of education do you have ?
1568.
Post 9013407 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
mmitech, have you sold all of your bitcoins yet? Before the upcoming crash that is?
I sold everything between $580-630
1569.
Post 9013425 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
mmitech, have you sold all of your bitcoins yet? Before the upcoming crash that is?
... he sold them all at the exact top on Mt. Gox and got all his funny money out the day before it closed down ... amazing really
well, dont be butt hurt, but yes I sold some at 1000 then the rest 3 months ago between 580-630, if you look into my post history I have screen shots of my Bitstamp account as well
Edit: BTW I never used Gox again after the April 2013 bubble, I didn't lose a cent in Gox.
1570.
Post 9013435 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.
see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.
No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.
do you mind if I ask you this: how old are you and what kind of education do you have ?
Late 20s and PhD.
interesting, Phd in what ?
1571.
Post 9013481 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.
see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.
No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.
do you mind if I ask you this: how old are you and what kind of education do you have ?
Late 20s and PhD.
interesting, Phd in what ?
Software Engineering.
I cant believe that you are a bitcoin cultist with this kind of education... it is beyond my understanding.
1572.
Post 9013534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
And classical education makes someone understand markets better? I better ask my uni for my money back.
no, it doesn't, but also being a software engineer prevent you from being a cultist to any technology, if you don't have a healthy skepticism about the software you wont be able to innovate nor maintain it.... my understanding is that this guy invested with all he can and even with his emotions...
1573.
Post 9013599 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
No wonder they banned you from litecointalk. You should probably take it easy for awhile.
of course, let me help the scammer take more money instead of calling him out, Jasinlee scammed users of millions of dollars, I called his scam at the beginning (early 2013) but they kept warning me and banning me until he succeed, now that thread lays in the failed projects section.....this leaves me with one conclusion: Sy the mod that kept banning me was involved.
1574.
Post 9013609 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
... and you are want to sit here in judgement, preaching to all us "heathens" to save us from our wicked ways because ... ?
... or most likely, you went short with leverage and are totally invested on this crashing so you're going to desperately shill it as low as it will go right?
I think the queue over at the Fed lining up to lick Paul Krugman's balls still has places open ...
I never leverage traded, but you are right, therefore: burn down why do I even care.
1575.
Post 9013653 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?
It's not a rhetorical question, I would honestly like to know.
nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.
don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.
1576.
Post 9013903 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.
mmitech, is this bet still valid?
why didnt you take it when you should ? now coming back sounding as a smart ass.... I offered 20 BTC and no one had balls to take it.
1577.
Post 9020318 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
BTW, I just bought $100 worth of bitcoin from circle, and processed a withdrawal which went instantly... which means that they possibly have their own Bitcoin Stock, and this makes me think that they rushed with going live when they saw the price declining, maybe as a move to lower their "loses"?
1578.
Post 9022986 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I think we will see 320-350 before the weekend...circle came in rescue for today, otherwise we would've seen $350 easily.
1579.
Post 9026848 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Thats quite a price drop in 2 months time from 600 to 379..:-(
OMG!
Cut your LOOSE!!!
if you had a voice of reason in your brain you could be almost doubling your BTC holdings....
1580.
Post 9026867 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Thats quite a price drop in 2 months time from 600 to 379..:-(
OMG!
Cut your LOOSE!!!
if you had a voice of reason in your brain you could be almost doubling your BTC holdings....
Who is the "You" to whom you refer?
your ghost.
1581.
Post 9026946 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Thats quite a price drop in 2 months time from 600 to 379..:-(
OMG!
Cut your LOOSE!!!
if you had a voice of reason in your brain you could be almost doubling your BTC holdings....
Who is the "You" to whom you refer?
your ghost.
Oh? For a while I was suspecting that you may have been either attempting to provide financial advice or possibly suggesting that someone should have come to some other conclusion based on some higher vision, in an "I told you so" manner.
Instead, I gather, from your response, that you were merely attempting a light-hearted joke. Ok... NO problem with that... since it is a little bit slow in the BTC price movement arena, presently.
me me smart you you dumb.
1582.
Post 9027031 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Maybe you do NOT understand what it is like to be a socialized adult?
Your first joke(s) in this thread of the thread were sufficiently ambiguous to be socially acceptable; however, this second joke is a bit much...
You may NOT understand because you are so emotionally focused on "me, me" that you fail to realize the inappropriate tone that you frequently strike in your posts.
me me better than you, me me dont care, me me samrt
1583.
Post 9027061 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Maybe you do NOT understand what it is like to be a socialized adult?
Your first joke(s) in this thread of the thread were sufficiently ambiguous to be socially acceptable; however, this second joke is a bit much...
You may NOT understand because you are so emotionally focused on "me, me" that you fail to realize the inappropriate tone that you frequently strike in your posts.
me me better than you, me me dont care, me me samrt
*don't
*smart
no way, me dont make mistakes. you must be wrong, me must be right.
1584.
Post 9027367 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Mmitech: Some of your responses here should just serve as a reminder to many of us that we must have some patience with you and your posts, to the extent that any of us remain wiling to endure the reading of such posts.
Even though a very large majority of adults transition through and beyond their childhood maturity levels, a few of us do NOT... and YOU surely seem to exemplify the DO NOT side of things. Several of your post should serve to remind us of such social maturity that you have yet to attain. Cute as it may be in a kid, such communications remain less cute in a purportedly late 20s / early 30s adult.
it all depend on the definition of "Adult", I play with my kids like I am a 5 years old, I run, jump and scream with them, and I sit with my 90 years old grandma to chart over a coffee or tea like I survived both my time and hers, I think I am good at giving everyone a conversation of their level of understanding, this is what I was doing with you.
me me dont care JJG, me me piss you off today ? or everyday ?
1585.
Post 9027389 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
it is still +4%, but maybe this is the end of the ASIC era, well it was longer than the GPU era for sure....
1586.
Post 9027409 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Can someone explain to me what negative difficulty means, is it good or bad?(total noob here)
it only means it is decreasing instead of increasing, this means that older mining machines are going offline for not being profitable anymore, this is not bad, this is the end of the ASIC era.
1587.
Post 9027502 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Can someone explain to me what negative difficulty means, is it good or bad?(total noob here)
it only means it is decreasing instead of increasing, this means that older mining machines are going offline for not being profitable anymore, this is not bad, this is the end of the ASIC era.
There is nothing to replace ASIC. Old asic are replaced by new ones, but asic is still in the game.
the end of the ASIC era means that the race of buying the new ASICs in order to be the first to profit has came to an end...we always discussed that there will be an end to this race when Moree's law is actual, the first ASIC was an avalon 90nm and AM 120nm the second was a BFL 65nm at the time the 28nm technology was available in market but not as a Bitcoin ASIC, so naturally people raced to build an ASIC as efficient as possible, but Moree's law suggest that when we hit the 22nm (the available technology today) the network will stabilize because there will be no technology improvement for some time (2 years) unless the price sky rocket so people bring more hashing power but the same technology online.
1588.
Post 9027519 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
Can someone explain to me what negative difficulty means, is it good or bad?(total noob here)
it only means it is decreasing instead of increasing, this means that older mining machines are going offline for not being profitable anymore, this is not bad, this is the end of the ASIC era.
It could also be related by the feds disconnecting the Butterfly labs mining rigs.
yes, I forgot about that possibility.
1589.
Post 9027669 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I don't get why you keep posting the same pictures ?
1590.
Post 9027860 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I don't get why you keep posting the same pictures ?
well just read the 2nd line under the pic
supposedly I really know how to read it.
1591.
Post 9027992 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I don't get why you keep posting the same pictures ?
well just read the 2nd line under the pic
supposedly I really know how to read it.
+1
A ni hecno, ko folk misli, da ga boš kar razumel, če v svojem jeziku pišeš...
What's that supposed to mean? We don't talk our native languages here.
To je točno kar je želel povedati.
1592.
Post 9028136 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
This thread has become a junkpile of trollbox-style walls of text.
did you say become ? good joke.
1593.
Post 9028320 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
01001001 00100000 01110100 01101000 01101001 01101110 01101011 00100000 01101001 01110100 00100000 01101001 01110011 00100000 01110100 01101001 01101101 01100101 00100000 01110100 01101111 00100000 01100010 01110101 01111001 00100000 01100010 01110101 01111001 00100000 01100010 01110101 01111001 00100001 00100000 01001011 01001000 01001101 00100000 01110100 01101111 00100000 01110100 01101000 01100101 00100000 01110010 01100101 01110011 01100011 01110101 01100101 00101110 00100000 01010100 01101000 01100101 00100000 01100101 01101110 01100100 00100000 01101001 01110011 00100000 01101110 01101001 01100111 01101000 00101110 00100000 01010100 01101000 01100101 00100000 00100000 01101000 01101111 01100100 01101100 01100101 01110010 01110011 00100000 01110111 01101001 01101100 01101100 00100000 01110000 01110010 01100101 01110110 01100001 01101001 01101100 00101110 00100000 01001111 01110100 01101000 01100101 01110010 00100000 01110011 01110100 01110101 01100110 01100110 00101110 00100000 01000100 01101001 01100100 00100000 01111001 01101111 01110101 00100000 01110010 01100101 01100001 01101100 01101100 01111001 00100000 01100010 01101111 01110100 01101000 01100101 01110010 00100000 01110100 01110010 01100001 01101110 01110011 01101100 01100001 01110100 01101001 01101110 01100111 00100000 01110100 01101000 01101001 01110011 00111111 00100000 01101000 01100001 00100000 01101000 01100001 00100000 01000010 01010101 01011001 00100000 01000010 01010101 01011001 00100000 01000010 01010101 01011001 00100000
01111001 01100101 01110011 00100000 01001001 00100000 01100100 01101001 01100100 00100000 01100001 01101110 01100100 00100000 01001001 00100000 01100100 01101111 01101110 00100111 01110100 00100000 01110100 01101000 01101001 01101110 01101011 00100000 01101001 01110100 00100000 01101001 01110011 00100000 01110100 01101001 01101101 01100101 00100000 01110100 01101111 00100000 01100010 01110101 01111001 00100000 01111001 01100101 01110100
1594.
Post 9028351 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
0100001101101111011011010110010100100000011011110110111000100000011100000110010 1011011110111000001101100011001010010110000100000011011000110010101110011011100 1100100000011101000110000101101100011010110010000001100001011011100110010000100 0000110110101101111011100100110010100100000011000100111010101111001001011100010 0000010000100101010001000011001000000110100101110100011100110010000001100001011 1010001101101001000000111011001100101011100100111100100100000011000110110100001 100101011000010111000000101110
01110100 01110010 01111001 00100000 01110101 01110011 01101001 01101110 01100111 00100000 01110011 01110000 01100001 01100011 01100101 00100000 01100010 01100101 01110100 01110111 01100101 01100101 01101110 00100000 01111001 01101111 01110101 01110010 00100000 01110111 01101111 01110010 01100100 01110011 00100000 01101101 01100001 01111001 01100010 01100101 00100000 00111111
1595.
Post 9030782 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
this is a natural and expected bounce, I still don't think the bottom is reached ( at least hope so
)
1596.
Post 9030914 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
this is a natural and expected bounce, I still don't think the bottom is reached ( at least hope so
)
Want cheap coins? According to Shroomskit there are always cheaper coins (and he is right).
Where are your bids?
not going to spoil that for you, but I have to say that I have really low bids, in fact only one bid at a really low price, and if the price continue going down (as I am expecting) I might wire more money to Bitstamp.
1597.
Post 9031851 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
WHat's the price point where buying coins is better than mining? We must be into that area for most miners now, the industrial sized crews still running a profit? The hashrate is in a BUBBLE, and so much of the mining environment reeks of endless scams.
yes it is, I stopped mining when my GPUs were no longer profitable early 2013, the only ASIC that I've owned were 3 BFL Jalapenos that I sold after a week of mining..... mining is becoming a centralized corporate business, and for these big companies mining is still way profitable because of the real low production chip cost and low electricity cost, for instance I did read somewhere that Bitfury chips costed them around $1 each, but they sold for $100+.
1598.
Post 9031999 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I think we can get back to $400 within a 7 day window. I really don't understand the reasoning behind the downward pressure we have been seeing lately. Who has run the numbers on the cost to produce 1BTC (through mining lately)? It has to be close to a loss right now, correct?
maybe people realizing that Bitcoin price was really a bubble ? beside, the cost of mining a bitcoin is not that important for price discovery, price is mostly based on supply and demand, if miners don't like the current price they have two option: 1) hold and wait for the price to go up again 2)or simply shut down their mining operation (which will be painful in most cases).
1599.
Post 9032903 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
What is really depressing is that if we are 1M BTC users it should be in theory easy to add another 100K new users that each one would invest 1000$.
That is 100M fucking USD - bye bye market makers!
But...
EDIT: Where the fuck is the expo growth in users?
EDIT2: Walls will be eaten soon
when Bitcoin reached $1100 and was all over the news many people around me was really curious about it so I naturally explained everything to them, many asked me when to invest, and I always replied that it doesnt really matter long term, I told almost everyone buy and hold and after a year or so rethink your position.
guess what, my best friend bought almost at the top of the bubble (~$1120) my ex-boss bought this year (I think march or February) around $650.... all of people that I introduced to bitcoin are so much in the red, these people for sure wont recommend Bitcoin to anyone they know... I even regret answering their questions, I feel some kind of guilt because of their loss... now if anyone asks me I respond with I don't know and do your research on your own.
1600.
Post 9033030 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
I bought in the first bubble at 28 but I dont bitch around like a girlie man.
MAN THE FUCK UP
oh, you've got it all wrong, I didn't lose a penny, in fact I was a lucky bastard, but most of the people I know that came around the end of 2013 and start of this year don't appreciate your retard attitude ... you need fresh blood to make your investment worthwhile, and you don't give a fuck about what will happen to these people, of course you wouldn't care if Bitcoin continues to slide to $100 your average cost is way bellow this, but others do.
the difference between the stock market and Bitcoin is that you want to sell this technology to everyone in the world: "everyone must know what Bitcoin is", "Bitcoin is freedom", "people just don't know it", "you have to buy bitcoin"... let me tell you something: "bull shit"
1601.
Post 9033487 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.17h):
What is really depressing is that if we are 1M BTC users it should be in theory easy to add another 100K new users that each one would invest 1000$.
That is 100M fucking USD - bye bye market makers!
But...
EDIT: Where the fuck is the expo growth in users?
EDIT2: Walls will be eaten soon
when Bitcoin reached $1100 and was all over the news many people around me was really curious about it so I naturally explained everything to them, many asked me when to invest, and I always replied that it doesnt really matter long term, I told almost everyone buy and hold and after a year or so rethink your position.
guess what, my best friend bought almost at the top of the bubble (~$1120) my ex-boss bought this year (I think march or February) around $650.... all of people that I introduced to bitcoin are so much in the red, these people for sure wont recommend Bitcoin to anyone they know... I even regret answering their questions, I feel some kind of guilt because of their loss... now if anyone asks me I respond with I don't know and do your research on your own.
Yeah, you probably gave advice in the same way that you give it in this thread, and you found people who were gullible enough to follow your self-proclamation of wisdom.... stupid fucks did NOT know you well enough in order to know that you do NOT know what the fuck you are talking about half the time, and my only hope for you, which is somewhat slim, is that some day you will learn to be a little bit less arrogant and a little bit less cock-sure when you communicate with other people. If I were religious, I would pray for you... Fuck, but I am NOT.
WTF is wrong with you, seriously? Did he touch you or your girl inappropriate?
he has a crush on me, I told him that I am not gay and I am a happy married man with kids, but he keep harassing me.... he must be so desperate and lonely, but hey me me dont give a fuck, me me better than him
1602.
Post 9056468 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Good lord, are we ever going to find the fkn bottom of this market? Or just continue to slide $10/week ad infinum?
Unbelievable this crap.
Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.
It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.
I love bitcoin , too. But I have 0 bitcoins right now.I totally agree with your statement, BTW I am curious about something... why most of your posts are written in blue color ?
1603.
Post 9056724 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Good lord, are we ever going to find the fkn bottom of this market? Or just continue to slide $10/week ad infinum?
Unbelievable this crap.
Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.
It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.
I love bitcoin , too. But I have 0 bitcoins right now.I totally agree with your statement, BTW I am curious about something... why most of your posts are written in blue color ?
well one thing for sure, my eyes always catch your posts
1604.
Post 9057049 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Good lord, are we ever going to find the fkn bottom of this market? Or just continue to slide $10/week ad infinum?
Unbelievable this crap.
Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.
It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.
I love bitcoin , too. But I have 0 bitcoins right now.I have to call you out on this. You have zero bitcoins? Yet you love Bitcoin? Sorry I don't buy it. Anyone who actually loves bitcoin understands bitcoin. Anyone who understands bitcoin knows that you can't always trust technical analysis due to unforeseen events. Even if you were a perfect chart analyst I don't buy it.
If there is an unforeseen event he'll have time to buy back in. Risk/reward.
"Time to buy back in" is highly subjective. With bitcoin's moves, you could lose 20% in only an hour's time.
those days are long gone, where people could make/lose 10-50% in a matter of hours, I think Bitcoin will be a stable and boring investment in the future, we are not there yet, but we will get there without doubts.
1605.
Post 9057102 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
I am facing a problem here, well it is more of dilemma than a problem, to consider Ripple a disruptive technology or not.... with Bitcoin being special because of the decentralized Blockchain technology, ripple doesn't seem disruptive at anything but rather a "corporate" or "IPO" investment kind of.... so the big questions is: "
is it worst investing at all ?"
Edit:one thing I know for sure is that Bitstamp owners made a shitload of money out of it, maybe they made more on Ripple than they made of Bitcoin.
1606.
Post 9063881 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
you have to watch this video (click on the image)
despite his tone, it seems that he really done his researches and he really make some good points.
1607.
Post 9064125 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
you have to watch this video (click on the image)despite his tone, it seems that he really done his researches and he really make some good points. This guy is NOT really making any great points about bitcoin.
He seems to concede that bitcoin the technology (the blockchain) is a great innovation, yet he is merely asserting in an oversimplified and conclusory manner that bitcoin the currency is a sham and/or a pump and dump scheme. He does NOT really provide any evidence for his conclusions besides his assertion that he has been studying bitcoin for two years -ish.
The main good point about the clip seems to be that it is short, so it ONLY wasted about 10 minutes of my life to watch it.
It seems that your whole fucking life is a waste, so what 10 minutes are compared to that ? nothing.... each time I try to catch up with this thread I just keep seeing your idiotic posts where you attack most of the posters and pretend to be a smart ass... Oh I wont even mention the meaningless great walls of text you write, aren't those a pure waste of your life as well ?
1608.
Post 9064135 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
How the fuck does this guy expect to separate the blockchain from the currency? Where's the incentive?
I guess he will integrate the dollar instead of BTC, because how would that be stupid
1609.
Post 9064652 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
from $40million to $140million market cap in less then 15 hours
they "released" new stash...
1610.
Post 9064688 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Ripple reminds me of microsoft windows. Shit, but probably something that people will buy as a result of buying something else.
(i.e all computers being automatically shipped with windows whether end user requires or not).
I have always HATED that stamp does ripple.
Stamp owners got more profits from ripple than Bitcoin, I had a little less than a million xrp that I sold and I am thinking about buying back but I am not sure if it is even worth it.
1611.
Post 9065358 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
not to worry... bullish trend is coming. because new bitcoin feature will be implementend.
"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."
https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/did you say good news ? let the dumps start again
.... otherwise this is really huge (especialy escrow and refunds) if they can make it happen.
Edit: after thinking more about it, it seems that they are trying to edit and change the core protocol... at the end Bitcoin wont be any different from Paypal or any other existing electronic payment system, because later they will try to alter the blockchain when it gets really big that the end user cant maintain.
1612.
Post 9065653 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
... because you have any clue about the "core protocol"?
yes in fact I do...
1613.
Post 9068306 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Google trends looks interesting.
looks like a stage of a bubble... that chart is stuck in my head, every chart related to Bitcoin looks like it.
1614.
Post 9068831 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Dear idiots,
Please keep panic selling! HAHAHAHAHAHAHAHAHA!
dear asshole,
this is the speculation sub-forum, go back to your hole at the mining sub-forum.
1615.
Post 9069459 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.18h):
Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.
I think you silenced the bears, their cries of "bitcoin hurts baby Jesus" seem to have died out.
bears unlike bulls don't talk too much, but dump very much.
1616.
Post 9076005 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
good morning, so when FIAT money lose its value and the buying power becomes weaker every year, we usually call that inflation (and we think that solely inflation is the cause), but when Bitcoin lose its value faster than the Argentinian peso , what do we call that ?
Anyway, clearly the adoption is slowing down or the new comers think Bitcoin is overvalued and this is why there is almost no support for the price, my biggest fear is that only we (bears) early adopters who sold before are providing the existing weak support for the current price with our open orders... which is really scary.
It is the weekend, will we touch 330 this weekend ? I think we will find about that soon...
1617.
Post 9076221 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Anyway, clearly the adoption is slowing down or the new comers think Bitcoin is overvalued and this is why there is almost no support for the price, my biggest fear is that only we (bears) early adopters who sold before are providing the existing weak support for the current price with our open orders... which is really scary.
Could you define 'early adopter'?
people that bought between $0-100
1618.
Post 9076265 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Yesterday we had 247 new members of bitcointalk forum. This is the lowest number since the last bubble started almost a year ago.
and many accounts from that above number are fake, in other words not really new adopters but rather from scammers (because Bitcoin is the heaven of scammers) and for advertisement and to sell later and...
1619.
Post 9079510 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
cause your sky is full of bears...
1620.
Post 9079991 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
The thing is it's NOT old coins. None of the old chaps is selling right now.
Just because the coins moved recently, it does not mean that they were bought recently.
Some owners of old cheap coins must have moved them to an exchange at some point, but withdrew them when MtGOX started failing, and people realized that exchanges were not safe places to keep your one's hoard.
Other old owners may have moved their coins to new addresses for safety or other reasons.
If someone pays a small amount out of a large input, and sends the change-back to a different address, the age of those the change-back coins will be reset for the purposes of the change-back formula, correct? What if the change-back is sent to the same address?
Finally, it seems that there is a lot of "fake" volume on the blockchain (coins moving between addresses belonging to the same person), perhaps from tumbling or hotwallet/coldwallet flow. For that reason, if someone sells a thousand 2011 coins, thus destroying a million bitcoin-days, he will barely make a blip on the chart (which oscillates between 2 million and 15 million BTC-days destroyed per day). If old owners have been selling a couple thousand old coins every day, we would not see it there.
+1
Bitstamp
has around 150000BTC in their cold wallet, now all these coins have to have some owners... so technically a seller wouldn't have to move anything to sell, he has an entry in the database that says Account X has Y coins.
And BTW, the days destroyed is a bit complicated to explain, but to prove that that argument is invalid I just took a look at the
500 richest address and I can see that most of these addresses had the first input late 2013 and in 2014, so most likely many of these adopters did something with their Bitcoins in other word they have been moving funds
1621.
Post 9080239 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
And BTW, the days destroyed is a bit complicated to explain, but to prove that that argument is invalid I just took a look at the
500 richest address and I can see that most of these addresses had the first input late 2013 and in 2014, so most likely many of these adopters did something with their Bitcoins in other word they have been moving funds
Bitcoin days destroyed is a bit complicated. Instead I will post a picture of just a few addresses and say I have seen something meaningful in 500.
If you are going to post analysis, try and put some actual analysis in there please.
copy paste from the Bitcoin wiki ( the one wiki that no one bother to visit/read):
Bitcoin days destroyed for any given transaction is calculated by taking the number of Bitcoins in a transaction and multiplying it by the number of days it has been since those coins were last spent.
so if I had 50000
BTC siting in my address for 1 year, and I decided to move/spend 1000
BTC, the days destroyed for that transaction would be 1000*365, which is not that big really when looking to the daily sum:
Usually people notice the days destroyed spike when there is a huge transaction, for example the Bitstamp audit that too place in November last year...it is very rare that people spend/move such an amount at once, so there is a scenario where big holders moved the coins in small transactions. and left them on the exchange to sell at the proper time (whenever they want to do so).
this is the average days destroyed for one transaction:
it is not that complicated, but the fact that people keep bringing this up makes me think about how complicated it must be for them to simply read the wiki.
1622.
Post 9080604 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
It is the weekend, will we touch 330 this weekend ? I think we will find about that soon...
I didn't expect it to happen this soon, next target we will break 300 and visit the 2xx for the first time in a year...
my thoughts are once we break that $300 mark, then you will see how panic selling looks like ?
1623.
Post 9080631 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Fucking sick
so are you still thinking about borrowing money ?
1624.
Post 9080692 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Xiaomi CEO said that he will buy 100000 coins if the price hit 1000 CNY.
a last desperate attempt for pumping the price, who the fuck cares what he will/wish/want to do ?
1625.
Post 9080831 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
It seems like the bear (hidden bull) whale target has been reached. I gues we will have a few days/weeks/forever without a new low.
I don't think we are near a low, not yet my friend.. not yet
1626.
Post 9080873 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
what is happening now is confusion and fear, price jump in both directions, give it a few hours when acceptance hit the price will continue its path... down we still go.
The biggest enemy of bulls are not bears but blind optimism
1627.
Post 9081195 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Anybody in US, or any other country where it's easy to get weapons, is willing to sell me a powerful gun??
I will pay good, probably won't be needing it for a couple of months but I just want to make sure
be careful...this forum is full with NSA and CIA agents...
1628.
Post 9081281 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Anybody in US, or any other country where it's easy to get weapons, is willing to sell me a powerful gun??
I will pay good, probably won't be needing it for a couple of months but I just want to make sure
Check any darknet market. They accept btc.
You might want to consider shorting or selling instead of killing, however.
How does it work with shipping? I live in sweden so
And any suggestion for a site?
if you are serious then you are too invested, I suggest you sell everything because you clearly don't understand what "invest only what you can afford to lose" means.... it is time that you sell withdraw and shut off your PC and go do something better with your life.
when you start thinking about hurting someone or yourself, it is the point when you maybe need to talk with someone, maybe you need professional help.
1629.
Post 9082197 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
I smell despair in the air, I think allot of people should be thankful to hodlers (hodlers appreciating hodlers), otherwise the price would be at $50 already.... with these thin bookorders, shit is about to get real.
1630.
Post 9087798 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Good morning, a lazy Sunday morning... but most importantly $250 till the next weekend ?
1631.
Post 9087858 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
1949 @ Okcoin
1632.
Post 9087910 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
Good morning, a lazy Sunday morning... but most importantly $250 till the next weekend ?
I realize I am probably getting myself into trouble by attempting to engage on this topic or any other BTC related topic with you; however, can you be more specific?
Are you saying BTC prices will reach below $250 by next weekend?
What are the odds that you give for such downward price movements?
You just believe that the BTC dumps will continue until all of the resistance is eaten away.. etc etc? It does seem that more and more sellers are jumping on board and selling.. but I remain puzzled about how long this can go on...
Personally, I am NOT taking any chances to sell at these low prices, and I just continue to buy and to accumulate.. and I have noticed that there has been a lot of volume in the last three weeks, and this week is going to surpass the volume of each of the past two weeks.. Lots of action and surprises in the last couple of days, that's for sure.
I think we will be heading for less than $250, but I am not going to tell you where I have open orders and spoil this out, but about the volume, I really don't care about BTC volume because the USD volume is almost the same....
and just for your information, I am not giving you or anyone a trading advice.
1633.
Post 9088332 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
The denial in the air is just pathetic, from
Coindesk posting this kind of articles every week to the reddit conspiracy theories to hero and legend members crying about holding.
1634.
Post 9088520 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
SHIT JUST HIT THE FAN
CHECK SATOSHIS WALLETS
FUCK
Confirmed. Holy shit... RIP bitcoin. Even I didn't expect this!
Link or it didn't happen
Check block chain. Huge volume of coins being moved.
Maybe, but what is this 'satoshi wallets' bullshit? Pathetic FUD?
All of Satoshi's coins are in the early blocks... just checked and haven't seen any coins moved from those, definitely FUD.
Also there has been no real spike in the number of older coins moved.. NOT since March 2014.
See the blockchain charts:
https://blockchain.info/charts/bitcoin-days-destroyedthis argument is not that valid, see my posts from yesterday :
post 1 ,
and post 2
1635.
Post 9088664 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
so if I had 50000BTC siting in my address for 1 year, and I decided to move/spend 1000BTC, the days destroyed for that transaction would be 1000*365, which is not that big really when looking to the daily sum:
Thanks for the exmaple, but: If the 50'000 BTC were sitting in one address (and one utxo), wouldn't there be a 49'000 BTC change-back output too on that transaction? Would that output be excluded from the BDD? What if the change-back went to a different address?
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
I was trying to understand that as well, but I often see small transaction from large holding addresses (for example BTC-e's cold cold storage or Bitsamp's cold storage) where they send only a couple thousands of coins to a new address, after checking the days destroyed chart I don't see any spike !!!
For example watch
this transaction it took place 28-08-2014 and it is Bitstamp sending 3000
BTC to an address and the change to another address, now this is how the days destroyed looks like that day:
1636.
Post 9088782 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
So if i understand your claims correctly, you are suggesting that either older users are engaging in ongoing coin movement to disguise the bitcoin days destroyed quantity that is generated by their coin movements (to make the bitcoin days destroyed number smaller) or they are transferring access to their accounts/wallets without moving coins?
Correct me if I have misstated your claims, but if the above are your claims: 1) it seems to be a bit cumbersome to engage in such conduct to camouflage coin movements and therefore does NOT seem to be very plausible explanations and 2) if the conduct is happening, would there be any solution(s) to make such movement of coins more transparent?
you assume that my post points to manipulation or something of that kind, but you missed my point which is: simply denying the claim of "there is no spike on the days destroyed chart, therefore early adopters are not selling"
1637.
Post 9088820 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
the US will be waking up in few hours...
1638.
Post 9089597 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
this fucking pumper didn't learn anything, last time he spoke to calm people about MTgox and assure them nothing is wrong with their funds... we all know how that did end up, today he is twitting this:
these kind of early adopters are the problem of this community.
1639.
Post 9091564 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
anyone said wall @ bitstamp...here you go, gone.
1640.
Post 9091588 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
and you are fucked 29K sell wall
1641.
Post 9091609 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
1642.
Post 9091634 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
brace your self to welcome the old ATH...
1643.
Post 9091674 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
It feels so good being 100% FIAT
1644.
Post 9091704 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
he could bring the price to 0 any time he wants
yes, technically he could kill Bitcoin@ Bitstamp
Edit: 15K to less than $30
1645.
Post 9091715 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
you will see what panic is now
1646.
Post 9091737 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.19h):
It feels so good being 100% FIAT
Ye-ye we get it, bitcoin-free diet is amazing.
But seriously, stfu already
1647.
Post 9091969 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Nice find.. I think that is loaded.. not sure.
Someone quickly analysis that address
I will confirm if that belongs to stamp, they will be sending it to cold storage soon if it belongs to them.
1648.
Post 9092022 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
I didn't think about loaded, but I am thinking about the possibility of the owner of that wall at stamp being the owner of this address as well.
1649.
Post 9092279 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
I have to admit I am kind of worried...there is something happening behind the scenes.
1650.
Post 9092536 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.
1651.
Post 9092671 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.
Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000
BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.
There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5K
BTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.
1652.
Post 9092707 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.
Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000
BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.
There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5K
BTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.
There is also the possibility that the 5k wall was his, and that he sold into it.
also possible, lets see how things develop, maybe this will turn to be something bullish after all.
1653.
Post 9093029 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
His investment just went down by $20,000,000 and he says this?
he is still way up, way than you can even imagine.
1654.
Post 9093065 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Have the Winklis ever published their wallet adress?
(Bullish tinfoil hat on)
They might want to buy more "cheap" before the ETF starts, to add it to the ETF before the starting amount is exhausted(which would probably happen after a few weeks/months of trading). So they could probably be secretly building up a reserve.
How many coins have they officially bought last year? 100-200k?
Don't forget, at this point holders of big amounts of Bitcoins are shitting their pants, I wouldn't be surprised if they perform a last time try to pump their investment in order to save it before going into longer bearish market.... take anything anyone says at this point with a grain of salt.
1655.
Post 9093344 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.
Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.
Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.
When you think about it, Bitcoin is a real threat to economy in a given society, when the value goes up that fast ( as you claim it will) many people will be leaving their daily productive jobs.... and when thinking about mass adoption I start thinking about a bunch of greedy lazy bastards.... this surely will result to the collapse of that society.
Thankfully, after being home for 7 months now, I started looking for a job.
1656.
Post 9093717 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
cheap coins
For a brief moment I started thinking " ok maybe this is the bottom" but then I went to twitter and saw the fucking cultist shitting their pants, I visit the main sub and I see early adopters crying on this forum, and for this exact reason I am not buying yet.
1657.
Post 9095745 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
So do you still belive it is manipulation ? that 28K BTC order there doesn't confirm the validity of this theory, beside where are the buying walls that this manipulator is setting if he is really buying instead of selling ?
I think we will be visiting 100-150 in the next few weeks... it stinks so much, and it stinks more when you see the large holders and early adopters crying and reminding everyone how great Bitcoin is, it only help their desperation...
1658.
Post 9095935 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
highest price in sept of 2012 was 125
nope that was September 2013, September 2012 price was less than $10
1659.
Post 9096316 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
this exact mining operation is from ASICMINER, it is no more profitable for sure (they used 120nm chips, each board does max 13GHs) and I also believe it is already offline.... but there is for sure other old yet profitable mining operations out there.... the key to that is making your own chips to bring the production cost to as low as possible.
hint: bitfury average cost for their 55nm chips is around 1$ but they sold them for $120 each at one point. how cool is that ?
1660.
Post 9100496 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Good morning this looks bullish.
1661.
Post 9100759 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
the easiest $400 I ever made.... now watching if price will continue the downtrend.
BTW: seems that people cancelled their bids and bought into that wall, because look how thin the bid side looks like now @ Bitstamp.
1662.
Post 9100885 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
There's less than 30k bitcoins to $3000 on stamp.
Are you serious ?
we never look at the ask side because always, and I mean always when the price go a bit up new asks shows up, simply because people are not comfortable leaving their coins on an exchange, they send them when they see a good opportunity to sell.
in the other side we look at bids because sending money to an exchange is not that fast.
1663.
Post 9101108 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Bitstamp is totally exhausted, I think there will be still some downtrend.
1664.
Post 9101370 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Bitstamp is totally exhausted, I think there will be still some downtrend.
Perhaps.
From the tearing down of the 30,000
BTC wall, it is clear that there is a huge demand from multiple buyers. From the pattern of buying, some of them buy little, others buy a lot.
But we need to bear in mind that we had gone down from $1,200 to $300. I am inclined to believe that this is the work of the minority, who might be manipulators.
Whether or not we continue the downtrend will depend on the plan of these manipulators.
The sale of that 35K
BTC wasn't any kind of manipulation, a manipulator would put a wall and make others sell into his bids, but it was clear that this guy had no intention to buy, but he wanted to get the hell out....now, enough money has to be wired to build up the broken support otherwise the weekly and daily dumpers have a very thin bid book all over other exchanges, but the thinnest is at Bitstamp, this was clearly resulted by people cancelling their bids and buying into the wall.
At the moment it is not yet clear what will exactly happen, it is the start of the week, we will see how much money will be wired and if people will want to instantly buy or put their bids into the book.
1665.
Post 9101422 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Bitstamp is totally exhausted, I think there will be still some downtrend.
Everyone please ignore this idiot, I just did...
1666.
Post 9101470 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
this is Bitstamp's cold storage address, they sent 5000 BTC to their hot wallet, seems someone want to withdraw that kind of BTC.
1667.
Post 9101744 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.20h):
Just to remind you perma-bulls, this picture doesn't look good.
There is a chance that the new fiat will start panic buying, but I don't think we will be going over $380
1668.
Post 9101817 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Just to remind you perma-bulls, this picture doesn't look good.
There is a chance that the new fiat will start panic buying, but I don't think we will be going over $380
750000 Bitcoins have been bought and sold during the last 24 hours on exchanges alone and you are telling us that the market depth is only 15 K to near zero?
I am not telling you that, Bitstamp orderbook is telling you that...
1669.
Post 9101844 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Just to remind you perma-bulls, this picture doesn't look good.
There is a chance that the new fiat will start panic buying, but I don't think we will be going over $380
That 10Mio. that have been used yesterday to buy the wall never appeared in the orderbook yesterday, did they?
We don´t know shit how much there really is.
yes some of them did, people pulled their bids and bought right away into the wall, there is at least 8K
BTC less in the Bid side.
1670.
Post 9102955 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I think (not sure yet) that there is a good chance that we will see double digits before we go up again (reversal).
1671.
Post 9102981 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I think (not sure yet) that there is a good chance that we will see double digits before we go up again (reversal).
Just let us know when double digits will be confirmed
you will know for your self
1672.
Post 9113063 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Good morning, So Bitcoin price is 4 times less than the ATH and people are cheering up for $20 and calling the next bubble and reversal !!!!? what a delusion, you have been doing this since $800
And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.
1673.
Post 9113593 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.
Do you have links? I have not noticed this fear.
Bitcoin store owner and Blochain.info founding member and board advisor
Barry Silbert Founder of SecondMarket, Founder and CEO of BitcoinTrust
Tylor Winklevoss 
My twitter feed is full of this kind of tweets 
and just a brief look into this forum will tell you how much fear and denial is in the air because of the hero and legend members still holding shit loads of Bitcoin.
1674.
Post 9113659 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.
Do you have links? I have not noticed this fear.
snip
just remember the bull market runs on your tears, you're just fueling engines.
I will cry even more if this will save your asses.... and I will do it for free.
1675.
Post 9113804 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
just remember the bull market runs on your tears, you're just fueling engines.
I will cry even more if this will save your asses.... and I will do it for free.
For your future reference, mmitech, those are called Crocadile tears.
you still didn't learn anything my friend, most of you consider me as a bear troll who's filling his book while I consider my self a person who speaks truth when he see it ( or think that he see it).... it is not only me, there is so many objective and smarter people than me out there that would say the same thing about Bitcoin,
for instance read this.But the real chart that should spell worry for bitcoin investors is this one, which shows that, despite the hurly burly—and more than $100 million poured into bitcoin start-ups by venture capitalists—actual use of the currency hasn’t really increased. Recent gains in transaction volumes have coincided with a falling price; that is to say, people are selling.
1676.
Post 9113952 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
mmitech brings good bearish points to the table I just wish he wasn't so smug about it.
If he means well and wants to tell truth as he sees it (as he asserts) he's hurting his cause by presenting it in an often offensive manner which makes people overlook his points and focus on the delivery. Self-image won't let us agree with somebody who we perceive to be disagreeable and if he turns out to be right, we will hate him for that. Some people find joy in that though, are you one of those people, mmitech?
I was bullish when I thought it was appropriate and right, and I turned bearish when I thought it is appropriate and right, I wasn't hated but I was considered as a "bitcoin advocate" but when I turned bearish they consider me as a troll and a fudster....it is easy to explain, I said it and I will repeat it, Bitcoin community is full of cultist hopeless people who depend on Bitcoin success to make anything in life.
No, I wont change my tone....I am also not an arrogant greedy bastard, because I did notice people here like to lick ass that kind of people.... truth hurts, destroying hopes and dreams also hurts, but most importantly being emotionally invested in anything will eventually hurt as well.
1677.
Post 9114008 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
and BTW I have nothing to lose and I have no books to fill, I am investing back only a small amount of $4200 and nothing more, everything I made from Bitcoin last year was spent in a good way.... most importantly I am not delusional as most of people are, I don't expect anymore from this investment to change my life....
1678.
Post 9114024 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
mmitech brings good bearish points to the table I just wish he wasn't so smug about it.
If he means well and wants to tell truth as he sees it (as he asserts) he's hurting his cause by presenting it in an often offensive manner which makes people overlook his points and focus on the delivery. Self-image won't let us agree with somebody who we perceive to be disagreeable and if he turns out to be right, we will hate him for that. Some people find joy in that though, are you one of those people, mmitech?
+1
It's one thing to be bearish and present your arguments. It's a whole other thing to be quite frankly abusive to anyone who is bullish.
@mmitech: All those bans don't come because the admins are trying to 'silence the truth' as you always say. You get them for being smug and offensive.
There's no need to insult everyone who does not agree with you...
I have been never banned anywhere in the web in my 15 years internet browsing, except Litecointalk and only by Sy and Cranth... makes you wonder why, doesn't ?
1679.
Post 9114587 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I must admit that your style of writing comes over as "I am smart for recognizing the truth and you are stupid for deluding yourself" but then again you have turned out to be right, so far
Don't forget he was also a big proponent of LTC and look how this turned out
indeed, and I made a good money out of that as well... do you see me mentioning Litecoin anymore ? I dont think so.
1680.
Post 9114590 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Quite possible. Name-calling just furthers division by oversimplifying. I imagine being called a deluded bulltard cultist all day long AND having the price go against you must hurt as well
By the way while I am generally bullish on BTC but I don't want to be labelled a bulltard, it would hurt my feelings. In fact, I am a
permabeer troll I'd say it's more herd mentality than anything. It's easier to agree with the majority, because there are more people to back you up, and less people to insult you. That's why people tend to migrate to forums where their opinion is in the majority: it takes a lot of balls to buck trend.
Add in the fact that for this forum in particular, you've got a lot of people with a lot of money invested, and it's easy to see why it's so polarizing.
Find an anti-bitcoin forum and post bull arguments. You'll get the worst proverbial beating, and no matter how many rational arguments are presented, they'll all fall on deaf ears and be flooded by a deluge of shouts of "idiot, loser, sucker, enjoy spending your money on internet monopoly money."
I don't understand people who dislike something but visit forums dedicated to it, they are trolls plain and simple. Boring, sad, dull people who have nothing better to do with their life.
You know what I can't stand or understand? Formula 1. It's boring as fuck, watching cars go round and round, but I don't join formula 1 forums just to call them all boring losers who are wasting their life. It's really quite bizarre behaviour for someone to do that,
I don't hate Bitcoin
1681.
Post 9114808 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Told you so!
you are just wasting your fiat ammo.
just play his game and profit!
people who bought yesterday will be selling again in few days and this will create even bigger pressure.
1682.
Post 9114937 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Told you so!
you are just wasting your fiat ammo.
just play his game and profit!
people who bought yesterday will be selling again in few days and this will create even bigger pressure.
not really everyone, however what I think you mean to say you believe the majority of people buying coins weren't cultists catching knives, and are going to succumb to selling and buying back when the dumps re-occur? I bought at 450 and 420 cad, avg in was 540 cad before hand, and I really think I'll buy again before it can get above 400 cad, I don't sell cause I feel I'd fuck up the timings and it may be a poor reason but its the truth. I don't mind giving my money as support to the bitcoin price discovery phase, ultimately I believe it will help us reform financial systems if I have to lose some value so be it. I just don't see that being true in the long run.
What I meant is that people who were buying thought that yesterday was a clear sign of reversal, others thought that the 30K wall was a clear attempt of manipulation to buy "cheap" so they bought back fast, others thought it was the last sign before the Cho Cho...
What people seem to ignore or don't understand is that once we reach the bottom, no one will miss buying "cheap", because we will be trading at that level for several weeks before going up.
1683.
Post 9116460 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I laughed more than I should have. LOL
Yea i'm not bein racist but those two countries are known for havin shitty economies. I don't take financial advice from homeless people and i don't care what their central banks think.
Well i am from Serbia, but i share your sentiment.
Could be worse. You could be from Detroit.
does that make the whole US a shit failure land ? just saying...
1684.
Post 9116495 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I laughed more than I should have. LOL
Yea i'm not bein racist but those two countries are known for havin shitty economies. I don't take financial advice from homeless people and i don't care what their central banks think.
Well i am from Serbia, but i share your sentiment.
Could be worse. You could be from Detroit.
does that make the whole US a shit failure land ? just saying...
No, but it tells you something about the people running it.
you mean the ones that got voted by a free and democratic process ?
1685.
Post 9116785 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
What I meant is that people who were buying thought that yesterday was a clear sign of reversal, others thought that the 30K wall was a clear attempt of manipulation to buy "cheap" so they bought back fast, others thought it was the last sign before the Cho Cho...
What people seem to ignore or don't understand is that once we reach the bottom, no one will miss buying "cheap", because we will be trading at that level for several weeks before going up.
And you reach that conclusion based on what exactly?
We don't have much precedents to work with, as Bitcoin trading history is only ~4 years old. During that time, 3 major rally/capitulation cycles took place, and we're still in the capitulation part of the of the 3rd one. (There are other ways to parse the trading history, but this one's fairly well accepted.)
I'm mentioning this because any extrapolation from so little data points is of course dubious. Then again, it's the best we have.
So, what do the two completed capitulations look like that we've seen so far:
2013:
bottom 1 = ~$50, the initial post-ATH crash.
bottom 2 = ~$65, about 3 months later.
In between: extreme volatility. Nothing like a flat bottom that allowed you scoop up "cheap coins" at will. Also, 2nd bottom already 30% higher than the first.
2011:
bottom 1 = ~$2, at the end of the almost straight down, multi month correction
bottom 2 = ~$2, about 1 month after the first.
Maybe that's where you get the idea from that you could scoop up cheap coins for weeks before it goes up again. The only problem - even in the 2011 double bottom, there was extreme volatility in between. Price went from $2 to almost $4 (i.e. +100%), before coming down again.
tl;dr There's not much data to work with, given the short trading history of Bitcoin, but from what we have seen so far, a flat capitulation bottom, stretched out over weeks, doesn't seem likely.
last year we had a 2-3 months of trading between $90-120, it was then when I decided to invest more, it was clear (or felt) to me that something was developing, I didn't expect 1000 but I was thinking about 400.
We could go from 330 to 430 but then we could fall back to 280 and so on... the average price of that week and the weeks ahead are not that far, by looking at the 1w chart(long term) even when the price is volatile a normal sane investor could catch that bottom average price, but an investor that panic each time could lose everything.
look at the 1w chart, regardless of the pumps and dumps and guys yelling about reversal and whatnot... it is still damn accurate and clear about the last bubble not totally bursting, I sold between 580-630 and I kept holding my fiat (till yesterday I bought at 300 and sold at 318) just by looking to that chart every week, even when there is an action I wait till that week candle close and wait for the next one to see how it will perform, and till now it still showing a bearish market.
1w chart ( from septemebr 2011- October 2014)
I might be wrong, and this market could react totally the contrary of my understanding, but I am willing to give it a try
1686.
Post 9116830 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
That's debatable.
sarcasm is usually not debatable
1687.
Post 9116881 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I wish I had an example like this about Bitcoin:
1688.
Post 9116905 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
There will be no bubble until venture capitalists stop funding unnecessary startups and instead send their fiat directly to exchanges.
you might be the first person i ignore just because you're so desperately trying to scam people into buying ripple
someone that doesn't like Bitcoin could say the same: "you might be the first person i ignore just because you're so desperately trying to scam people into buying Bitcoin"
1689.
Post 9117083 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
There will be no bubble until venture capitalists stop funding unnecessary startups and instead send their fiat directly to exchanges.
you might be the first person i ignore just because you're so desperately trying to scam people into buying ripple
someone that doesn't like Bitcoin could say the same: "you might be the first person i ignore just because you're so desperately trying to scam people into buying Bitcoin"
I don't visit ripple forums, nor do i post about it on fb, or tell anyone they should invest only my mother and girlfriend know i even own a lot of bitcoins. I talked my sister out of investing @ $600 because i wouldn't be held responsible if she lost anything.
so tell me, who do i try to convince to invest?
he only ever comes here to post stupid shit about ripple
I would like to remind you that we talk about everything in this thread
this is why most of us visit it... sure it becomes unreadable sometimes and other times it get out of subject for pages but it keep us all informed about what is going on around....
and just to clarify, I am not invested into ripple.
1690.
Post 9117199 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
last year we had a 2-3 months of trading between $90-120, it was then when I decided to invest more, it was clear (or felt) to me that something was developing, I didn't expect 1000 but I was thinking about 400.
We could go from 330 to 430 but then we could fall back to 280 and so on... the average price of that week and the weeks ahead are not that far, by looking at the 1w chart(long term) even when the price is volatile a normal sane investor could catch that bottom average price, but an investor that panic each time could lose everything.
look at the 1w chart, regardless of the pumps and dumps and guys yelling about reversal and whatnot... it is still damn accurate and clear about the last bubble not totally bursting, I sold between 580-630 and I kept holding my fiat (till yesterday I bought at 300 and sold at 318) just by looking to that chart every week, even when there is an action I wait till that week candle close and wait for the next one to see how it will perform, and till now it still showing a bearish market.
1w chart ( from septemebr 2011- October 2014)
I might be wrong, and this market could react totally the contrary of my understanding, but I am willing to give it a try
Alright, I see your point now. What you mean is, there was plenty of time to get in "relatively cheap" before the next bubble started.
I agree with that.
But I hope you understand my point as well: From the perspective of the absolute bottom, that 90-120 USD range was already 2 to 2.5 times higher than the bottom. In that sense, not really the cheapest coins anymore. But, "cheap enough", if you want to get in before the next rally, which is what you mean I suppose.
EDIT: to make it more "graphic", let's assume $280 was in fact the bottom this time (I'm not saying it necessarily is, but that's not the point in this argument). Then we could hover in the $400, $500, $600 range for a while before the next rally, applying the same factor as in 2013.
I don't know about you, but buying in at $500, when I could have bought in at $300, seems okay to me, but not really ideal either.
I understood your point, and BTW only a lucky bastard can catch that "real" bottom, because usually it doesn't hold for long....
I think we are still far from bottom... it wouldn't matter that much for me if I am wrong anyway, because I am not going to invest more than $4200... I will invest it only when there is a real clear reversal and I dont mind missing a 10-30% just to be sure, because waiting for that real bottom and figuring out how many more Bitcoins you could buy for the same money is priceless.
1691.
Post 9118697 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.
Anyone have some nice lines on a chart that might show when a breakout is due?
Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.
If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!
For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.
Bitcoin is doing very well. The price will swing the other way fairly soon here I believe.
I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.
If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."
The thing about Bitcoin is that banning it really cannot stop it. Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
1692.
Post 9118831 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
1693.
Post 9118876 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
It won't be that easy. Bitcoin works fine on other ports. All that is needed is one node that has a connection to both a node on port 8332 and another port for the forks to merge.
really!! and what do you think will happen if one node is connected to two forks ? let me break that down for you (Bitcoin 101) the client will always pickup the longer chain (this is how you 51% attack the network anyway)
1694.
Post 9118894 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
You can buy a static IP and have the port open on your host.
Edit: where will you buy it from? what part of force ISP don't you understand ?
1695.
Post 9119055 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
You can buy a static IP and have the port open on your host.
Edit: where will you buy it from? what part of force ISP don't you understand ?
1. Nodes using tor that wouldn't be affected.
2. Easy to change ports in the conf file.
1- nodes that use tor are connected to the internet through ISP that eventually block the port.
2- changing the port (I have to check if this is possible though) in your config and everyone's config will result to a dead network, got it ? think about it
1696.
Post 9119062 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
You can buy a static IP and have the port open on your host.
Edit: where will you buy it from? what part of force ISP don't you understand ?
I think you don't understand what this would require either.
if killing Bitcoin is required ( if Bitcoin becomes a threat) it will be achieved, everything is possible when there is a will.
1697.
Post 9119120 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Well if Bitcoin anytime would become a real threat (e.g. to the USA) , we would possibly have seen 5-6 digits USD/BTC before.
yes, I just don't like the argument of "you cant kill Bitcoin without killing the internet"... usually its the voice of cultists, someone told them that, so they tell everyone that without verifying the information.
1698.
Post 9119319 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
No, I just couldn't be arsed typing 'Satoshi client'. As you say, not a full node with 8332 blocked so no benefit to the network but 8 connections and no issues whatsoever. Blocked at ISP level for about a year before I got around to asking them to unblock it.
you know what blocked means right ? when I say blocked, it means like when the 8332 is blocked by your computer's firewall and you need to add it to the trusted list in order to allow bitcoin daemon to connect.
1699.
Post 9119556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
No, I just couldn't be arsed typing 'Satoshi client'. As you say, not a full node with 8332 blocked so no benefit to the network but 8 connections and no issues whatsoever. Blocked at ISP level for about a year before I got around to asking them to unblock it.
you know what blocked means right ? when I say blocked, it means like when the 8332 is blocked by your computer's firewall and you need to add it to the trusted list in order to allow bitcoin daemon to connect.
Maybe try reading, my ISP blocks all unusual ports to protect users from their own stupidity, it was allowed on my firewall. Iirc
the Satoshi client switches to port 80 when that happens and there are plenty of nodes available on 80 (and any other common port for that matter).
EDIT:
...
Isn't this just a fud discussion? Why is it being discussed on the price tracking thread?
More a fud control discussion, its the main reason I watch this thread (and if I see "Satoshis coins are moving!" one more fscking time I'll scream).
I didn't know that Satoshi client could do that, I thought the only time Satoshi client used port 80 is for the external IP discovery (
91.198.22.70 which is checkip.dyndns.org), can you please point where I cant find this information it in the wiki ?
in fact I will try blocking the port my self and see how things will work!
1700.
Post 9119955 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
....
I didn't know that Satoshi client could do that, I thought the only time Satoshi client used port 80 is for the external IP discovery (
91.198.22.70 which is checkip.dyndns.org), can you please point where I cant find this information it in the wiki ?
in fact I will try blocking the port my self and see how things will work!
I'll see if I can find something, not sure how I even found it was a problem as I just installed and it seemed to work fine, I think I tried to find my IP in a list of full nodes but it could have been debugging output either.
EDIT: Fsck that, searches flooded with mining and config data, some vague stuff from changes made in 2011, couldn't find any clear info.
things has changed since version 7.0 even IPv6 is supported now, therefore my argument is invalid
1701.
Post 9127238 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
1702.
Post 9127483 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
No more panic dump ?
Where are the whales ??
Dead ?
Don't get over excited.
1703.
Post 9128132 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
International as in sending from the US to Slovenia? I send in the morning from the US, money is in my Bitstamp account and verified when I wake up the next day.
really ? Interesting, I thought only SEPA is that fast, beside they say 5 days in their website... I am really impressed.
1704.
Post 9128293 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
International as in sending from the US to Slovenia? I send in the morning from the US, money is in my Bitstamp account and verified when I wake up the next day.
really ? Interesting, I thought only SEPA is that fast, beside they say 5 days in their website... I am really impressed.
Been with them over a year, they have a copy of my passport main page for the KYC rules, and wires average between $5-10k each time. Not sure any of that makes a difference for clearing quicker or not.
yes y mistake, I did check again, and it is not an average of 5 days but it could take from 2-5 days.
1705.
Post 9128344 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
International as in sending from the US to Slovenia? I send in the morning from the US, money is in my Bitstamp account and verified when I wake up the next day.
really ? Interesting, I thought only SEPA is that fast, beside they say 5 days in their website... I am really impressed.
I sent a few thousand Euro from the UK to someone in Belgium and it arrived pretty much instantly. I believe it took minutes, not even hours to complete.
it is not about the performance when sending money through SEPA between people but it is about the performance when sending it to the exchange, Bitstamp have a banking software that need to be checked for deposits... I don't know how they do it but it usually take few hours.
1706.
Post 9128971 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
...
Nonsense. Long before Bitcoin was a thing, I dreamed of money with wildly fluctuating buying power.
I imagined a world where it took an hour to buy a cup of coffee, an hour to gas up your car, an hour to buy a bag of groceries... Because math.
Zero confirmations duh.
...
Err. I'm solow, explain to me how that works.
Can you imagine
1. There will be bitcoin bank.
2. I'll fund my account with bitcoins in this bank.
3. This bank will pay to merchant 1 per day for all his customers.
you mean centralization, the only thing that makes Bitcoin different from banks....
1707.
Post 9129843 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
Is mmitech still waiting to buy in double digits??
Shroomie??
SHROOMIEEEEEE
Where are you pussycat??
yes, I am still waiting
still didn't change my mind.
1708.
Post 9130029 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
I admit I would love to see it tank a little harder, high 100s or low 200s...for about a week or two.
This could cause to much psychological damage!
I agree. Even the dip to $275 scared some investors away. It makes people nervous.
It doesn't make sane investor nervous, and you said same thing about 3xx... (never going to happen remember ? because I still do)... in fact I wish that it will fall to that level, because some cultists are just a bunch of greedy get rich bastards that needs to be shaken off, a healthy mental and objective community is what Bitcoins needs most right now.
1709.
Post 9134215 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
this is Bitstamp cold storage address, which now reveal something interesting, these last transactions were made to refill the hot wallet so people who bought that 30K wall can withdraw their coins, but this is not the interesting thing, however there were only 148K
BTC in that wallet a couple of weeks back, so this means the owner of the wall already had his coins at stamp all the time and he didn't send them there like some guys suggested here.
what is interesting, or rather annoying is that even after Gox people still leave their coins at exchanges...
1710.
Post 9134258 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.21h):
You are missing a few points.
How are you sure that they got only 1 cold wallet? The 30k might have been sent from the deposit address to another one or to multiple or even at multiple transactions going to multiple cold wallets etc.
Even after gox people have to trade. If you want to trade big, you need lots of coins and fiat IN the exchange to do that.
this is Bitstamp cold storage address, which now reveal something interesting, these last transactions were made to refill the hot wallet so people who bought that 30K wall can withdraw their coins, but this is not the interesting thing, however there were only 148K
BTC in that wallet a couple of weeks back, so this means the owner of the wall already had his coins at stamp all the time and he didn't send them there like some guys suggested here.
what is interesting, or rather annoying is that even after Gox people still leave their coins at exchanges...
because I waited for hours and that transaction didn't move to any other address.
Edit: I do trade as well, and the only thing I keep on the exchange for open orders is Fiat, but I move coins in and out right away.
1711.
Post 9139076 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
BTC breakout short term atm... Time to share...
MY ULTIMATE BEARISH CASE:
MY ULTIMATE BULLISH CASE:
currently, the bears are winning, but it is still possible to return to the bullish case and stay between those 2 trendlines
edit:
I call that we will never touch 275 USD again and probably will never dip below 300 USDYou have the right to ridicule me if this doesn't happen
Here we go again, another never post, I love these posts
Edit: and yes, I still didn't buy and wont buy, my chart is not showing any kind of reversal, it could be just a dead cat bounce.... if we go to $500 and maintain it for days or continue going up, I will buy back, but for for now it is business as usual, waiting for more downtrend.
1712.
Post 9139371 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
BTC breakout short term atm... Time to share...
MY ULTIMATE BEARISH CASE:
MY ULTIMATE BULLISH CASE:
currently, the bears are winning, but it is still possible to return to the bullish case and stay between those 2 trendlines
edit:
I call that we will never touch 275 USD again and probably will never dip below 300 USDYou have the right to ridicule me if this doesn't happen
Here we go again, another never post, I love these posts
Edit: and yes, I still didn't buy and wont buy, my chart is not showing any kind of reversal, it could be just a dead cat bounce.... if we go to $500 and maintain it for days or continue going up, I will buy back, but for for now it is business as usual, waiting for more downtrend.
Again the usual sell low, buy high tictacs...
except that I've sold @600
1713.
Post 9142198 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
This is a nice zone for shorting for the people who went long around $280-320, it might still go up a bit but I don't think it will hold for a long time.
1714.
Post 9142960 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
more shorts on finex pilling in?
If we go sideways (340-370$ range) for the next 1-2 weeks they will probably increase to around 15-20k. After that we would see a real massacre.
On the other hand, a bull whale might try to use the current momentum to squeeze em and shoot us up to 450-480$ by tomorrow.
The future looks bright!
My guess (with nothing to back it up of course) is that we hit $400 in the next day or so, climb to $600 in the next two weeks with one more week in the $600-$700 range and then it is "bubble time" after we break $700 with three weeks of crazy increases up to $5000 to $6000.
Let me summarize this post: price will go to $400 then $500 because 500 is after $400 then it goes to $600 because 600 is after 500 then $5000 or $6000...I had to say it like this for people who didn't go to school... oh and I cant back this up with logic but if this will anyhow help bringing any legitimacy to this post: our lord and savor Jesus visited me in my sleep (or prayer) and told me that.
1715.
Post 9144855 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.
I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.
Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.
Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.
You sure are so wise for being a newbie... Probably guys here are sending you PMs and asking you what to do, too?
Banned again by bitcoin high priests for being a heretic. You do realize they don't ban people on the gold forums or any other investment for being bearish, no? Like I said, this place is faith based, and that is why it will fail... no fundamentals to back it up.
Did you know the user base of bitcoin is smaller than the frequent flyer club of Kuwaiti airlines? Bitcoin has been around for almost 6 years and nobody out there is interested. It's all faith based and controlled primarily by whales. The whales are your God (OK, so it's polytheistic.)
Market moves however they decide. Eventually they will pull the plug on the believers, and we're going back to single digit dollars.
I agree with most of your post, but you are really wasting your time here, I have been warning these hopeless cultists for months and they've always trashed me, a better thing to do would be trading against them and rip the shit out of them while they are still enthusiastic. maybe they will learn a lesson (short the shit out of Bitcoin).
When the bubble burst most of them will disappear, but this doesn't mean Bitcoin will die because only then the real growth will start happening (without 90% of this cultists that you see today)
1716.
Post 9154643 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
we are "on a break" until i "get my act together"
fucking fuck fuck!
i'm gonna go be pissed off now.
Your personal life not being any of my business of course, but, that said: any chance the "getting your act together" involves Le Coin, and the time/emotional investment into it?
If so, I admit that I know the problem (not with wife, but gf), and that it can make sense to draw some line somewhere, like declare one or the other day crypto free, for example.
You are right, i have the same experience...still balancing on the line
I know how is it to be too involved in something, especially when it comes to technology, I had similar issues but thankfully my wife have no problem with me spending time reading and discussing cryptos, and I have to mention that since I quit my job I started spending more time with my kids and wife, time that I "couldn't" spend with them before, even with being on my PC for hours I still spend hours with my kids...
anyone reading this, there is nothing more important than your family, try balancing your life, because looking at that screen or discussing Bitcoin all day long is simply not going to change the output of things, at the end if the price will go up, it will, and if it will go down, it will... and you have nothing to do about that (except if you hold 100K BTC or 100 million dollars).
1717.
Post 9155777 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
I wasn't always what you call a "jackass". A long string of women turned me into one. Blame your sisters.
This sounds like a "fool me once, shame on you. fool me twice, shame on me" situation.
You only get to blame the first one. After that, it's your own fault for not learning from past mistakes and continuing to choose poorly.
Note this applies equally to women who blame the entire male gender for their repeated poor choices of partners.
or maybe these "insane" girls are sane and he is the insane one..
1718.
Post 9155896 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
I wasn't always what you call a "jackass". A long string of women turned me into one. Blame your sisters.
This sounds like a "fool me once, shame on you. fool me twice, shame on me" situation.
You only get to blame the first one. After that, it's your own fault for not learning from past mistakes and continuing to choose poorly.
Note this applies equally to women who blame the entire male gender for their repeated poor choices of partners.
or maybe these "insane" girls are sane and he is the insane one..
You know the cardinal rule about women, right? Hot, single, sane. Pick two.
well, where I come from you can get the whole pack
1719.
Post 9156022 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
I wasn't always what you call a "jackass". A long string of women turned me into one. Blame your sisters.
This sounds like a "fool me once, shame on you. fool me twice, shame on me" situation.
You only get to blame the first one. After that, it's your own fault for not learning from past mistakes and continuing to choose poorly.
Note this applies equally to women who blame the entire male gender for their repeated poor choices of partners.
or maybe these "insane" girls are sane and he is the insane one..
You know the cardinal rule about women, right? Hot, single, sane. Pick two.
well, where I come from you can the whole pack
Unfortunately planet mmitech isn't accessible to the rest of us
your world usually looks the way you make it...
1720.
Post 9157375 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
So,I'll go to sleep in my short, what could go wrong?
Shorters be like
I was thinking about how sorry I would feel for you if Bitcoin continued going down to a point where you would lose your shit, but then each time I read your posts I think that you might deserve it, everything happens for a reason.
1721.
Post 9161908 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
i've made $30 in 1 hour without even risking any of my own money on pokerstars
pretty nice
Poker is so 2010, too much brain work to end up in bad beat. Buy some bitcoins and just wait. Profit
Guaranteed
1722.
Post 9165694 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...
So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.
1723.
Post 9165807 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...
So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.
You are aware it is Saturday right?
yes, which means ?
1724.
Post 9165913 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...
So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.
I have seen bigger and more market buys this last week than the previous 5 months combined.
Such a big increase in volume is a pretty good trend reversal indicator.
The FIAT volume is almost the same, maybe slightly higher but in general it is not huge, for example when we traded at 6xx and we had 5K-15K BTC volume, it is the same like having 10K-30K BTC volume at this range, simply $1000 buys more today than it did 3 months back.
You need to inject more money, and I am not impressed because we went to a half of what we were at 3 months ago and almost 4 times less than ATH, yet people are not buying crazy like I would expect...these are additional signs beside this chart:
1725.
Post 9165936 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.22h):
One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...
So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.
You are aware it is Saturday right?
yes, which means ?
Shroomie's going to get laid
Heading out on the town tonight, putting on his best flares, waxing his balls and everything.
shroomie is so fake I don't know why anyone bother with him, he said once that he is a teenager who still go to school then now he says that he is in his 40's, he is the purest troll in this forum...
1726.
Post 9177484 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.23h):
I really don't understand why you start cheering and posting train pictures and CCMF when the price goes $5-15 up, are you that desperate ?
1727.
Post 9177528 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.23h):
I really don't understand why you start cheering and posting train pictures and CCMF when the price goes $5-15 up, are you that desperate ?
yes indeed I am........if it falls down fast....btc price it would be nice if it went up for no particular reason just as fast..that way I'd know it was just
silly hairless primate human monkey silliniess and not manipulation
just saying it should rebound in dumb group panic situations in both directions....not just good news stays the same bad news drops
(then again i am a unicorn and rainbows kinda guy...so wtf do i know)
Bitcoin price is a bubble which is bursting, when you understand that, everything else will make sense.
1728.
Post 9182570 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.23h):
short term looks bullish...
1729.
Post 9199429 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
I saw this correction coming, but I don't know why I cant see it as a reversal, I have a bad feeling about all of this, I keep trying to convince my self to buy back but everything I think of tells me nope it is still going to go down.... what is more interesting, is usually I get scared about missing the train, but not this time, I just don't care anymore.
Although, I have to admit, I missed a real solid trade here, selling at $400 rather $318 would be way profitable.
1730.
Post 9199470 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
I saw this correction coming, but I don't know why I cant see it as a reversal, I have a bad feeling about all of this, I keep trying to convince my self to buy back but everything I think of tells me nope it is still going to go down.... what is more interesting, is usually I get scared about missing the train, but not this time, I just don't care anymore.
Although, I have to admit, I missed a real solid trade here, selling at $400 rather $318 would is way profitable.
hmmmm.... soooo basically you want cheap coin because you were selling at 318 instead of 400 ? teheheheheheheheheeheheheheheeee
and I bought at 300, didn't want to risk holding Bitcoin for more than a couple of days.
1731.
Post 9221750 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
Someone knows something
1732.
Post 9232722 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
BTW Bitstamp doesn't allow unverified accounts to trade at all, simply you cant trade you cant deposit and you cant withdraw before verifying, and if you had an account before the verification was required it just get blocked until you do so.
1733.
Post 9237678 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
the price will have to go down soon.
1734.
Post 9238543 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
the price will have to go down soon.
no way 400 b4 350
IF 400 cannot be held, or reached
can we please not have high volume days sat and sun, FFS stop trading bitcoin, go out and get laid.
k thanks.
no no, the price has to go down, trust me on this one
1735.
Post 9238950 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
the price will have to go down soon.
Why??
if its going to reach his 120$ target it will have to go down...
I dont know where did you come with the $120... I didnt ever mention that it will go to $120.....
I said it will go to double digits
1736.
Post 9238967 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
If my time reading here tells me anything, do the opposite of what Mmmitech says.
you must be really late to the party, but no worries stick around and you wont regret it
1737.
Post 9239025 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
If my time reading here tells me anything, do the opposite of what Mmmitech says.
you must be really late to the party, but no worries stick around and you wont regret it
LiteCoin to the moon, loser. Get a life.
BTW, how does it feel holding those expensive Bitcoins? with this rate of losing its value it must really hurt....
1738.
Post 9239090 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
If my time reading here tells me anything, do the opposite of what Mmmitech says.
you must be really late to the party, but no worries stick around and you wont regret it
LiteCoin to the moon, loser. Get a life.
BTW, how does it feel holding those expensive Bitcoins? with this rate of losing its value it must really hurt....
You have reject written over every post you make. I actually feel sorry for you. Don't feel too down about being a worthless piece of shit in life.
Usually I would argue with idiots like you just for fun, but I don't feel like it today...so you've earned a free pass.
1739.
Post 9243468 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.24h):
why a huge bid wall is never manipulation while a similar wall in the ask side is Always manipulation and conspiracy.... this forum is full of delusional idiots.
1740.
Post 9245517 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
How do to both:
0. Get a job / start a business
1. Convert all your savings to btc
2. Arrange to have your income paid entirely in btc
3. Every time you receive a salary payment, buy enough fiat to cover your expenses until the next payment. Hold the rest of the bitcoins as savings.
Exchange rate falls from $600 to $400? Congratulations - you just got a 33% pay raise.
Exchange rate rises $400 to $600? Congratulations - your savings are worth 50% more.
4. Laugh at all the daytarders
Yea, what a great idea...for the easiest way to lose money, when we advise people about investing only what they can afford to lose because of the risky nature of Bitcoin, you come here to advise them to put all they've got into it.... the best pump and dump pyramid scheme.
1741.
Post 9245722 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Yea, what a great idea...for the easiest way to lose money, when we advise people about investing only what they can afford to lose because of the risky nature of Bitcoin, you come here to advise them to put all they've got into it.... the best pump and dump pyramid scheme.
I'm glad people like you are around to make sure the wrong type of people don't become large bitcoin holders.
I don't want the future to belong to you or people who listen to you - keep up the good work.
don't worry, the future belongs to me and not because Bitcoin will be in it....
1742.
Post 9245864 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
don't worry, the future belongs to me and not because Bitcoin will be in it....
If that is indeed the case, why exactly are you spending your time here, on a Bitcoin forum?
Surely, if Bitcoin is destined to end up in the dustbin of history you could find more productive things to do with your time?
I wonder what mechanism could make it profitable for you to spend your (presumably) valuable time on the enthusiast forum of a doomed technology?
to rip cultist delusional tards like you before the whole things goes to 0, sure it will have a rise or two before we get to the real thing, which I doubt that will be Bitcoin..... the only difference between me and some pumpers here is I am honest about it, and I warn people and most of the time you keep insisting which makes the whole thing feels better, and I simply am not letting this chance of my hand... I will ride Bitcoin till the last profit chance before going down to 0.
1743.
Post 9245877 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Keep making fun of me, Karma will pay back good... and I wont lie I will love to watch you when it happen.
1744.
Post 9267776 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
The wall guy on Huobi seems to be having a good time.
It seems. Pulled his wall seconds before dump started. What a coincidence
Or it is Huobi again with their "phantom book order" manipulation, do you remember what happened with LTC when the price went all the way down to 1 CNY ? I wouldn't trust Huobi and OKcoin even if they were the last exchanges on existence.... fishy business.
1745.
Post 9270530 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
I used apple pay today, if only bitcoin were so simple.
We are getting there slowly though
yes, I took a look at it (didn't try it) and it is really amazing.
1746.
Post 9275230 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
The MACD is a lagging indicator, without momentum it doesn't mean anything... with this slow market, MACD turning green is not a strong indicator of a reversal.
1747.
Post 9275685 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
The MACD is a lagging indicator, without momentum it doesn't mean anything... with this slow market, MACD turning green is not a strong indicator of a reversal.
... and the worm turns.
Don't know exactly what you are trying to say, but I bet it is not important and it is just a buthurt expression. I am getting use to your kind... but hey don't worry, only time will tell.
1748.
Post 9289247 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Bid support on Stamp looks solid.
2000
BTC to 380$
5000
BTC to 370$
Huobi
14000
BTC to 2300CNY
lol
Conclusion:
Breakout imminent!
Fonzie, you went long ? you will be fucked
1749.
Post 9289400 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Bid support on Stamp looks solid.
2000
BTC to 380$
5000
BTC to 370$
Huobi
14000
BTC to 2300CNY
lol
Conclusion:
Breakout imminent!
Fonzie, you went long ? you will be fucked
mmitech you didn´t buy@ 300$. You missed much profit
I´m not long btw, but holding and waiting for the end of the consolidation phase to make a decision.
in fact I did buy @ $300 and sold for profit, I could hold longer and sell @ $400 but I felt it was too risky, I already lost so many opportunities to make money, this time is not going to happen again, I will stick to my game till the end.
1750.
Post 9289568 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Bid support on Stamp looks solid.
2000
BTC to 380$
5000
BTC to 370$
Huobi
14000
BTC to 2300CNY
lol
Conclusion:
Breakout imminent!
Fonzie, you went long ? you will be fucked
mmitech you didn´t buy@ 300$. You missed much profit
I´m not long btw, but holding and waiting for the end of the consolidation phase to make a decision.
in fact I did buy @ $300 and sold for profit, I could hold longer and sell @ $400 but I felt it was too risky, I already lost so many opportunities to make money, this time is not going to happen again,
I will stick to my game till the end. Still waiting for double digits?
laugh your ass at me now, but I am not buying Bitcoin anymore if not @ double digits, the price is a bubble that needs to burst first, I am not going to touch it before it does
1751.
Post 9290732 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
July 2013 and today
Looks like a big fat inverse correlation to me!
FTFY:
meaning ?
1752.
Post 9290864 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Impossible, my prediction says
we should go moon.
1753.
Post 9290880 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Comparing past price performance with the present one is just convincing really.
1754.
Post 9290977 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
some think that 11 is an optimistic number :
They didn't post a list of the banks that could fail, but they did mention 3 banks from Italy, which worry me a bit because I have an account with unicredit bank which is an Italian bank.
1755.
Post 9291347 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
some think that 11 is an optimistic number :
They didn't post a list of the banks that could fail, but they did mention 3 banks from Italy, which worry me a bit because I have an account with unicredit bank which is an Italian bank.
but this is just the test, you probably have a few months to get you funds safely into bitcoin.
maybe this explain why Stamp changed their Bank after all, I would have to start thinking about changing my bank, and I wont buy back yet, and I will buy only $4K-5K, so I am not the guy who you wish to save the scene
1756.
Post 9291380 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
although might see some of these on the list.......
(it)
Monte de Paschi
banco Popolare
banca Popolare di milano
(gr)
eurobank
piraeus bank
alpha bank
(pt)
millennium bank
(be)
dexia
(at)
erste (?)
I guess I am safe then.
1757.
Post 9293869 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
price seems very stable. in the next month there will be an opening of an etf and we will see a new bubble
. however, don't sell now.
How the ETF is going to push the price up ? Winklevoss already owns a shitload of coins that will be liquidating at that ETF, with this kind of really slow demand and with the amount of coins they own it will be a long time before anything could happen, them holding that shit load of coins is one of the reasons the price is still holding.
Beside, don't even mention wall street and this ETF until we see how the Bitlicence is going to look like, if it will be remotely close to what the regulators of NY state are aiming for, then you just kiss wall street and that ETF goodbye.
1758.
Post 9293982 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
what? did you change your mind ?
1759.
Post 9294572 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
price seems very stable. in the next month there will be an opening of an etf and we will see a new bubble
. however, don't sell now.
How the ETF is going to push the price up ? Winklevoss already owns a shitload of coins that will be liquidating at that ETF, with this kind of really slow demand and with the amount of coins they own it will be a long time before anything could happen, them holding that shit load of coins is one of the reasons the price is still holding.
Beside, don't even mention wall street and this ETF until we see how the Bitlicence is going to look like, if it will be remotely close to what the regulators of NY state are aiming for, then you just kiss wall street and that ETF goodbye.
Exchange demand != actual demand
ETF also create gateway for unseen amount of investors liquidity the type of which has never had access to bitcoin before.
Also, the ETF does not depend on the BitLicenses to operate.
See, I think some of you don't even really read the whole post, demand is not going to effect the market for long time, because Winklevoss got a shitload of coins that needs to be liquidated.... and yes, the Bitlicense is going to effect this ETF if it is going to operate in New York... I wont even start with wall street.
1760.
Post 9294945 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.
nah, these guys loses millions in order to make millions, they don't profit in every single investment they make, they allow a really good amount of failure chance before investing, even Marc Andreessen admitted it last time when he was asked " do you allow for the fact that you could be wrong about Bitcoin?"
you can watch his answer here
1761.
Post 9300588 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
What if large players who don't want bitcoin to succeed are buying OTC bitcoin and dumping on exchanges to suppress the price? They have the budget to keep the dumps happening and it shakes the faith many people have in the technology.
What if the price of Bitcoin was simply a bubble which is bursting right now ?
1762.
Post 9300615 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Bitcoin is over. Time to face the truth.
I will agree as soon as price hits 275$ again.
Even if Bitcoin prices hit $275 again, it is NOT over... but it may cause a lot of loss of confidence... especially if it were to go into the $100s or even double digits....
Those kinds of numbers would really cause me to be suspicious about if there is some fractional reserve banking going on.
I assume a lot of people thought it can't fall below 300$.
When it did, some players stormed in to save the day. They even gave us a the false hope of a trend reversal to keep it from repeating too soon.
But I guess they keep limited amount of fiat on the exchanges and have their threshold what they are ready to absorb.
And I guess many people are keeping a much closer eye on the charts and they are still significantly more nervous about the downward price movements after that manbearwall incident.
So, practically everything is set up for an exponentially accelerating freefall.
Meanwhile, the long term trend is still negative (just take a look at the daily chart).
To sum it up, it's practically just a matter of time to reach 0.01$ unless something dramatically changes. And it can happen much faster than we would assume it's possible.
Of course, anything can happy anytime, the trend can revers and we can see a new ATH by the end of this month. But it's not granted. Nothing is.
Yeah you're right , at the end is only a manipulation from some early adopters/miners . Don't worry ....
Yea, fractional reserve, manipulation, agendas, conspiracy from banks...... keep dreaming and losing your shit when the bubble is bursting, I really wonder what will be your response at the bottom.
1763.
Post 9301054 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
well this whole slip sliding away till the next panic dump every couple weeks is getting quite old imho
just saying
but things will be better when KNC attains its long term goal of 20% of the mining network with their data hall projects
right? (ducks hey don't throw stuff in shout box)
you keep talking about KNC, the funny thing is that no one really cares about them here, some of us here don't even know what is KNC or what are their products.
1764.
Post 9301285 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
well this whole slip sliding away till the next panic dump every couple weeks is getting quite old imho
just saying
but things will be better when KNC attains its long term goal of 20% of the mining network with their data hall projects
right? (ducks hey don't throw stuff in shout box)
you keep talking about KNC, the funny thing is that no one really cares about them here, some of us here don't even know what is KNC or what are their products.
Searing is worried that if they are mining 20% of the network, they are dumping around 700
BTC a day at whatever price they can get, constantly driving the price down.
Worried about that 700
BTC a day ? how about the other 13 million
BTC waiting aside, the owners could change their minds and panic any day.
1765.
Post 9301881 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
...bought at 300, sold out original stake at 399...
Every bull here bought @300 & sold at 400. ...while always being "all in."
Your expertly timed paycheck cleared just as that 300 sell wall popped up.
gg
It is documented on this very thread that I bought in at 301 or thereabouts with a big tranche of cash. It is well documented on this forum I am a bull and long term holder.
Your motivations are more shadowy
Screen shot of the history of your account or
GTFO it didn't happen.
1766.
Post 9301901 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.25h):
Bfx, u crazy?
Price on Bitfinex is lower than BTC-e
BTC-e is losing volume and dying slowly, not that much going on there anyway.
1767.
Post 9308190 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
You call this a drop ? nah.... I think what is coming is more fun, just wait for it.
1768.
Post 9308232 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
You call this a drop ? nah.... I think what is coming is more fun, just wait for it.
- 6-8% in a day?
i call it a crash, not a drop.
Really ? you call this a crash ? man you are going to have a really bad time.
1769.
Post 9308935 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.
the one with 20 mil in USD swaps?
14,000 more bitcoin were market sold than market bought so far today on Bitfinex
alone. Where do all this coins come from?
more than 13 fucking million
BTC in existence ? didn't you think about this ? if you don't know how to use your Bitcoin daemon, Bitstamp makes it easy for you
1000 or 5000 or even 30000 are not huge compared to 13 million
BTC
1770.
Post 9313666 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..
Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.
1771.
Post 9313733 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..
Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.
... mmmbitdoom for breakfast with your coffee
four "phases of a bubble". While the "smart money" has purchased during the earlier "stealth phase", institutional investors begin to buy during "take off". Following media coverage, the general public begins to invest leading to steep rise in prices as "enthusiasm" and then "greed" kick in.
"Delusion" precedes the peak.
1772.
Post 9313757 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Care to explain because those lines
means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..
Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.
mmm, I wasn't aware of that one, thanks for sharing.... beside, it seems that we are talking about the same point, I do apologize for my ignorance.
1773.
Post 9314946 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Laws, regulations, and a mechanism to enforce both are "the fruits of civilized society."
Voluntary free association creates civilization and all it's benefits.
Those benefits are so great that civilization can survive (for a short time) even under the predation of institutionalized violence.
In the end, however, the parasite always grows until it destroys the host civilization.
Yea, except this will take us back to the wild west ages where everyone fucks everyone and where most of the opportunities are for the elites while the majority slave or barely survive in an unfair community, which leads people to rise against the CHAOS and enforce governments and laws and constitutions... you know the same circle all over again.
Libertarians usually talk about their ideas of a communities without considering history of failed experiences.... you cant give too much freedom when most of the opinions varies, you have to enforce some boundaries, how would a libertarian free of government community even agree on priorities and necessities when the human nature is to fight and differ on stupid matters.... we see that kind conflicts all around the world.
1774.
Post 9315188 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Laws, regulations, and a mechanism to enforce both are "the fruits of civilized society."
Voluntary free association creates civilization and all it's benefits.
Those benefits are so great that civilization can survive (for a short time) even under the predation of institutionalized violence.
In the end, however, the parasite always grows until it destroys the host civilization.
Yea, except this will take us back to the wild west ages where everyone fucks everyone and where most of the opportunities are for the elites while the majority slave or barely survive in an unfair community, which leads people to rise against the CHAOS and enforce governments and laws and constitutions... you know the same circle all over again.
Libertarians usually talk about their ideas of a communities without considering history of failed experiences.... you cant give too much freedom when most of the opinions varies, you have to enforce some boundaries, how would a libertarian free of government community even agree on priorities and necessities when the human nature is to fight and differ on stupid matters.... we see that kind conflicts all around the world.
I used to think like you when I believed in crystal balls. Then I grew a pair. Brave New Worlds have been emerging from fiction into reality. There's no reason why a more libertarian world cannot emerge through complex systems. The reason they have never existed is because society wasn't ready for it. It still won't be exactly how Ayn Rand pictured it or even motivated the same way. There is a seed of merit in her claims, but it will take enormous resource management efficiency technology to make it work.
OK, the difference of empires through history is related to the culture and demographic of that population, try the same model of an empire with the same philosophy but on different demographic and you will simply fail... the problem of libertarians is that you compare the whole population/humanity to one ideal, that if pushed certain ideas upon in a certain way it will work, but at the end of the day you ignore the fact that people differ, from the way they think, to their traditions, to their culture, to their color, to their.... this is why states and borders exist, and some kind of enforced regulation has to exist so people can live with each other.
1775.
Post 9315228 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Order is an illusion.
If you believe that banking system backed by centralized-obese-governments bring stability to the world you're a clown.
The clown is the one who mixes two different issues, an obese governments is not the same as a missing one.... I am not endorsing these kinds of governments, but I believe in other ways of change.
1776.
Post 9315873 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
this is why states and borders exist, and some kind of enforced regulation has to exist so people can live with each other.
Here's the problem - you're confusing yourself for humanity. That's called projection.
Maybe
you need enforced regulations in order to get along with other people. If so, that's a personal problem you should discuss with a competent psychotherapist.
Yea, I have/had major issues getting along with people who have different visions and different life style that I didn't/don't agree with. thanks to the regulations that exists in my home country (Algeria) and here in EU I could still live with them,
in other words I lived the CHAOS first hand between 1991-2000, so try to live in a system where having an Islamic orthodox fucking you up and slaughtering everyone against his vision then tell me how to get people to agree on something in a free of regulations state/world where you have many demographics, because you don't know shit about that, I lived it first hand.
Some of you have no fucking idea what freedom means, freedom is necessary but total freedom is CHAOS, regulations are meant for a reason... take Syria for example, watch how a lack of a government is working out for these people.... take Iraq for another example, a total CHAOS, they are losing territory to a terrorist organization that calls it self a state... because of the almost lack of government.
I would love to watch how your technological distributed libertarian state will work...
1777.
Post 9316016 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
this is why states and borders exist, and some kind of enforced regulation has to exist so people can live with each other.
Here's the problem - you're confusing yourself for humanity. That's called projection.
Maybe
you need enforced regulations in order to get along with other people. If so, that's a personal problem you should discuss with a competent psychotherapist.
Yea, I have/had major issues getting along with people who have different visions and different life style that I didn't/don't agree with. thanks to the regulations that exists in my home country (Algeria) and here in EU I could still live with them,
in other words I lived the CHAOS first hand between 1991-2000, so try to live in a system where having an Islamic orthodox fucking you up and slaughtering everyone against his vision then tell me how to get people to agree on something in a free of regulations state/world where you have many demographics, because you don't know shit about that, I lived it first hand.
Some of you have no fucking idea what freedom means, freedom is necessary but total freedom is CHAOS, regulations are meant for a reason... take Syria for example, watch how a lack of a government worked for these people.... take Iraq for another example, a total CHAOS, a government that cant do shit about losing territory to a terrorist organization that calls it self a state...
I would love to watch how your technological distributed libertarian state will work...
Minimal state would do for example.
http://en.wikipedia.org/wiki/Minarchismtheir only legitimate function is the protection of individuals from aggression, theft, breach of contract, and fraud, and that the only legitimate governmental institutions are the military, police, and courts. In the broadest sense, it also includes fire departments, prisons, the executive, and legislatures as legitimate government functions. Such states are generally called night-watchman states.USA used to be a minimal state.
you start with that and you end up with what we have today, because then you keep adding, for example education, health care.... the systems that we have today didnt just appear in one night, they are the outcome of development of centuries.
Yes, I also agree about changing some corrupt governments and improving things, but I don't think a free libertarian state is any kind of a help, in fact I think it will just make things worst.
1778.
Post 9316036 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
]
No mate. They don't have to convince consumers. That's the point. They'll never know their money is being sent using the bitcoin network just like people don't know anything about http works when they're surfing the web now. To the consumer, the infrastructure and methodology they use will be the same as it is now. There's no leap of faith they have to make.
https://stripe.com/blog/bitcoin-the-stripe-perspectivemmm, that sounds like ripple more or less.
1779.
Post 9316071 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Anarchism has never existed in Western Culture because Christianity.
Because religion in it self was the only way to govern people, sadly the old ages and nowadays are not that different, people still rely so much on religion and this is one of the biggest problems we face today.
1780.
Post 9316171 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
This has happened before - slavery was a near-universal human institution right up until it was rejected for moral reasons. Then we learned how to live without it.
Arguably, conventional slavery was on its way out anyway, morality or no. Though it still does exist in some places.
Well it still exist everywhere, when most have less chances for educations than the elites which result them to work for the rich 1% elites at a minimum wage job to barely survive. what do you call that ? I call it modern slavery.
and don't tell me it is not possible to have a better system, yes someone has to do that Job, I agree on that, but that one has to be fairly paid, take Switzerland as an example, I love their payment scheme.
1781.
Post 9324760 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Well, to the delusional bulls out there, the price is decreasing slowly (which is good for you), it gives you a wide window of time to rethink your positions, I think if you bought at less than $100 and you didnt cash out a bit of your holdings yet, then it is really time to think about taking some profits while you still can, because once we go down, it will take a long time to recover...
1782.
Post 9325457 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
...
Bitcoin did not fail even if its worth 1$ . Price doesn't matter.
...
Good point. The idiots who bought @ $1k just don't get it.
Well i never bought any coins , i listen to Andreas advice, i earn them
.
Got like 13btc so far in last couple of months.
But again price doesn't matter, bitcoin is protocol not only a currency and it didn't fail and it probably can't ever fail as a protocol .
What gear are you using?
Blue collars or white collars, either one can earn bitcoins.
13 BTC in two month is a decent-sized farm, would like to know what gear/pool he's using.
He said he earned them and not mined them... as for changes goods or services for Bitcoin.
1783.
Post 9325467 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
in 32 Hours the price according to my sources will be $377 (+/- 5) yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.
1784.
Post 9325594 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
in 32 Hours the price according to my sources will be $377 (+/- 5) yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.
Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.
Promise, Ha ? I don't forget things really easy and I have allot of " I told you so" ammo, I am preparing it for many bull-tards here, so don't worry.
1785.
Post 9329209 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
QFT because you seem to think $200 and $100 BTC is coming.
I am telling you sub $330 BTC will never happen again. If it does I will never post in this thread again. Huge pumps are incoming in the next few mins / hours.
By Monday, you'll agree with me.
Oh, the "will never" posts again, how sweet, I love these kind of posts.
1786.
Post 9333316 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
"We're in a downwards trend. It doesn't matter that buying pressure exceeded 30k BTC of selling pressure at 300 and the price is going up. The market and the price are just too stupid to realize that we're not in a trend reversal!"
It really is funny. I've been insulted/made fun of for my bearishness since the bubble popped at the end of 2013. Being bearish used to be the contrarian position. Nowadays, being bullish is the contrarian play, just look how people will continuously attack you for stating relatively reasonable positions (that the conditions under which 275 has happened may not repeat again).
Blitz, charts don't tend to agree with you... so I think we are still going down, we go up $10 and you all get excited and start posting train pictures, then we go $20 down and you start trashing bears....same is happening since $417 (the top since the $275).
1787.
Post 9333496 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
mmitech, I'm pretty sure you were one of the bulls who ridiculed me when I was bearish this year before you switched gears at 600, and now I think you're risking (well, it's not really a risk if you don't engage in shorting) getting stuck in the polar opposite.
we go up $10 and you all get excited and start posting train pictures, then we go $20 down and you start trashing bears....same is happening since $417 (the top since the $275).
Yeah right,
I am the one trashing people. It's actually you who has been doing that for a long while, and it's pathetic. "Da beaaaars", "da buuuuuuulls", what's up, are you lacking some sense of identification/belonging?
And I've never posted any stupid trains either, but apparently you know all about me.
Now you are getting sensitive for no reason, I said "you get excited" and was referring to bulls and not you exactly.... but hey, doesn't matter,lets sit back and watch what will happen....
1788.
Post 9334684 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
in 32 Hours the price according to my sources will be $377 (+/- 5) yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.
Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.
Promise, Ha ? I don't forget things really easy and I have allot of " I told you so" ammo, I am preparing it for many bull-tards here, so don't worry.
Cup and handle forming on many exchanges.
Nicely on target for 1am UK time (clocks go back tonight in the UK) for the 377 target.
There will be some swings after we hit it. but they will be relatively small from here. We are going up from now on. After we hit the peak, we will trend sideways with slow but fairly steady growth. Some swings to keep the traders happy.
Yesterday I said we will never hit 330 ever again. Today I will say that when we hit approx 377. then I doubt we will ever see sub $350 again.
If you are shorting, consider closing and taking the hit.
$275 was the bottom 23.6% of peak ($1163).
same as $62 (23.8%) was the bottom of the April 2013 peak ($260).
You don't have to have trust in what I predict. But don't discount it.
EDIT: Cup and handle complete on some exchanges... Still not buying it, when the 1W chart show a clear sign of reversal, only then I will buy back, and I don't care if the price will be $500 by then, because I will be sure that it is a clear sign of a reversal.
you can throw your mambo-jambo reversal shit on me now, but I don't give a shit until I see it.
1789.
Post 9334749 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
The shorts turned themselves into a target. It isn't pure TA. It's... the shorts got carried away and are going to get burnt now. The question is whether the burn is slow or fast.
you know how many times I've heard this here ? lets see if it is different this time....
1790.
Post 9335049 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
A shit lot of banks failed the stress test, so let's put our money in a currency that lost 70% of it's value in less that a year!
Yay
The same currency gain
33 000 % over 5 years
Maybe I have a hole in my maths.
It came from nothing, so how can a percentage gain be worked out?
it didn't come from nothing, when you mined Bitcoin you did basically have a cost of production which was pretty much the cost of electricity when leaving your computer ruining all the time, which at the time wasn't that big cost (CPU mining)
$1= 1,309.03
BTC and Theymos thought it was overpriced
which really was at the time, considering that anyone could mine more for the same cost.
1791.
Post 9335144 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
BTW I don't know where he got the math from, but at the time with the real rare liquidity (only a couple of millions Bitcoin in existence with satoshi holding a million himself) you could really pump the shit of Bitcoin with only $10K and I mean really pump the shit of it.
it didn't require much to pump the price till 2013 really because huge holders from mining hoarding the coins and causing and really low liquidity, any amount more than $1000 could pump the market few %...
TBH, while more than 60% of all Bitcoins are still held by just few people, and the volatility and the bursting bubble (the lost of value against $) and the lack of protections for consumers...Bitcoin is way worse than FIAT at this stage, I believe and I am very bullish about the long term success of Bitcoin, but short Term, I don't see what perma-bulls are seeing...
1792.
Post 9337213 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
in 32 Hours the price according to my sources will be $377 (+/- 5) How is this working out for ya?
Pretty well...
so like i said 1am UK time we will hit 377 +/-5
2 more spikes, and by the time China is eating corn flakes, we'll be close to 377.
but don't hold me to exactly 1am. might be a few hours late.
you keep saying the same thing over and all over again, suppose you hit $377, then what ? why is $377 important to you ? what would this change?
it is $377, it is not like we are going to hit $600 or $800, I am pretty sure that even if you hit that (377) mark (which I really still doubt) this wouldn't change shit, because you always go $10 north and $20-30 south, and trade side ways till the next crash....
I still think that Bictoin Price is a bubble that will burst to pre-bubble price ($100-150), after that we will have a slow and boring growth.
1793.
Post 9337322 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
in 32 Hours the price according to my sources will be $377 (+/- 5) How is this working out for ya?
Pretty well...
so like i said 1am UK time we will hit 377 +/-5
2 more spikes, and by the time China is eating corn flakes, we'll be close to 377.
but don't hold me to exactly 1am. might be a few hours late.
you keep saying the same thing over and all over again, suppose you hit $377, then what ? why is $377 important to you ? what would this change?
it is $377, it is not like we are going to hit $600 or $800, I am pretty sure that even if you hit that (377) mark (which I really still doubt) this wouldn't change shit, because you always go $10 north and $20-30 south, and trade side ways till the next crash....
I still think that Bictoin Price is a bubble that will burst to pre-bubble price ($100-150), after that we will have a slow and boring growth.
I don't know if 377 is exactly right
I don't know if my timing is right.
But I am sure of the direction. And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.
You don't have to believe me.
What makes you sure ? enlighten me, maybe all bears are wrong....
1794.
Post 9337468 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
So many bitcoin articles on the forex news sites its almost spam and all of them spouting doom and gloom speculoligy. The pro-bitcoin sites are nearly as bad, they'll be predicting bitcoin curing cancer next but at least they're wont be spamming it, the forex sites are putting out at least 5x the usual number of articles. Maybe someone on the internet wrote an unbiased article on bitcoin and they want to push it down the searches before it lays eggs :/ Maybe it was that titcoin article in Playboy
Not that, allot of people jumped on after the $1160 bubble, they are the one who kept the price this high for long time, so this is the last hope of saving their investment before the real crash, I saw that happens to many investments before...
They made fun of us and they've called us the nerds that prepared Bitcoin for its for institutional investors and legit firms, thing is the nerds has made a killing, but the get rich quick will get burned really hard, because this time is different.
1795.
Post 9337556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
"Telephones are a pain in the ass to use so why buy one?
If someone has a telephone then fine...its easy as hell to use...But the majority of people on the planet don't have telephones. "
Seriously...your using a telephone as an ease of utilization example?
Really bad example, phones started as a giant peace with no real need for technical understanding, you had to pick up and press a button and ask the operator to connect you with the person who you want to call which happened to be a person's name instead of a number... then technology evolved while we were using phones, they add something each time... and now we end up with the smart mobiles that operates as computers....it surely didn't happen over night but it took many decades to get here.
1796.
Post 9337684 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.26h):
Ah, I am tired of trying to save everyone, I wont share my opinion with you I don't give a shit anymore, some of you will really burn hard and learn the lesson first hand, same way I did with many things in life.
I am moving on from speculation....
1797.
Post 9345089 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
in 32 Hours the price according to my sources will be $377 (+/- 5) yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.
Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.
Promise, Ha ? I don't forget things really easy and I have allot of " I told you so" ammo, I am preparing it for many bull-tards here, so don't worry.
now keep calling a reversal while we are going down, one day it will happen and it will make you feel better about your self.
1798.
Post 9347389 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
I dont understand, I can see longs with the buys appearing but I don't see any huge sells with the kind of these shorts (+20K BTC), I just don't get it.
1799.
Post 9347431 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
20k BTC in Swaps at Bitfinex.
What. The. Fuck.
Not sure if whale shorting, whale taking all the swaps to fool bulls expecting a short squeeze or simply everybody and their granma shorting ...
it seems that someone is prepared to pay some interest to hold the Bitcoins offered for shorts in order to prevent the price from going down... but for how long he could do it.
1800.
Post 9347549 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
Well, rather have a ton of 'selfish' people helping out the needy, than having more people lke you, doing nothing and posting about how stupid those helping people actually are.
Don't give me a fish but teach me how to fish, you know the pathetic religion ideology of helping which is to give a drop of what you really need (food, shelter, clothing...) and tell you how would your life get easier if you joined the religion(Christian, Islamic, Jewish....), a desperate person in need would do anything, heck people usually sell their daughters and wives and do what you cant even imagine just to be able to eat, so when this kind of people show up there they seem like savors... they offer them the perfect delusion.
in developed countries, where this kind of people are losing their authenticity and people usually call their shit off, they teach the people in need skills that could change their lives, they give them a start with a plan to change their lives so with the education and the new skills you wont be surprised when the same people they were in need come to help others people in need in short matter of time.
if you help someone, try to help in a way that he would be able to help others in the future, it doesn't have to be only money or food or clothing, but knowledge is priceless.
1801.
Post 9348208 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
Don't give me a fish but teach me how to fish
The saying was "give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime". Note the subtle diference -- no "don't" there...
True, I said it my way...but we both agree about the essence.
1802.
Post 9358369 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
On a more serious note,
<==click
Discuss.
Non-economic actors are buying/borrowing bitcoins OTC, then using them to sell down the market at a loss.
It will work until all
the weak and gullible hands have no more bitcoins, then it won't.
... I didn't imagine the delusion phase will be this long.
1803.
Post 9363177 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
I am really surprised that some of you still give a shit about what shroomskit posts here, I thought it was obvious that the guy is the biggest troll around.
1804.
Post 9367643 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
I just don't get it, it went $7 and you are complaining, what will you do when we hit sub $1xx ?
1805.
Post 9369447 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
so when do we hit the bottom people?
When people stop lending their coins out for shorting.
how old are you ? and what kind of education do you have ?
1806.
Post 9370439 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
A ponzi scheme means it can only work if new people keep investing fresh money to sustain the pyramid. Bitcoin will be useful even at $1, so it is not a ponzi or a pyramid.
Also a ponzi scheme usually guarantees profit (like for example 5% monthly), bitcoin doesn't guarantee any profit.
Bitcoin needs new investors in order to sustain the price, otherwise it will go to 0 easily... just remember that there is 13 million Bitcoin in existence against a really thin order book, a 100K market order across all exchanges could easily bring the price to zero....but thankfully more than 90% of holders thinking about getting rich and hoarding their coins causing a balance between the liquidity and the lack of demand, which bring some kind of stability (or rather a slow price decline).
I still think that the price was a huge bubble that will burst, but I just wish it will continue doing this calmly without any sort of panic and massive flash crashes that could lead to even more panic and shake the confidence ... well talking about confidence, the get rich quick and pigs/perma-bulls/perma-bears are going to be burned and will lose allot eventually, but the objective investors/watchers/entrepreneurs who really understand the technology and what it really offers and what need to be improved will benefit the most.
1807.
Post 9379298 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
Good Morning, my daily check of the 1W chart:
- Price still declining => check
- People still delusional => check
- Bag holders losing their shit and posting why Bitcoin will go to moon => check
- The hate and denial is at ATH => check
- Trolls at ATH => check
- Shorts going up => check
- Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check
- Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :
1808.
Post 9379377 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market.
1809.
Post 9379417 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.27h):
The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market.
Do bears not bleed? Now who is delusional?
Well, we will see who will bleed the most. maybe I am delusional, maybe you are, but soon we will know for sure.
1810.
Post 9385176 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
someone just bought 3000 BTC at Bitfinex
Edit1: market order
Edit2: 4500BTC
Edit3: seems like someone want to punish shorters.
Edit4: 6000BTC but the price barely moved $7
1811.
Post 9388134 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
We went from $365 to $335 and bulls were totally quiet, then the price go $10 up and retards are calling a bubble and reversal... just amazing.
1812.
Post 9403278 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
I think we are still going down.
1813.
Post 9403612 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
Please remember, a lot of selling in the hopes of buying more at a cheaper price, I think not a single bitcoin involved person has completely turned his back on BTC.
Heck, even ShroomsKit is still crying on this forum... consider it a bullish sign.
In the meanwhile al the coins being dumped now are also being bought.
Even the chinese are getting back in...
The only one who's going to be really crying are those buying back in last, among ShroomsKit will be one of them.
You must be new here, I saw allot of people leaving the board after being skeptic about Bitcoin or because of getting burnt or frustrated or simply losing interest... I saw few turning millionaires and many others losing all their investments due to volatility, heist, scams, theft, or closing services... and let me tell you something, Bitcoin ecosystem is full of this shit.
1814.
Post 9403743 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
You must be new here, I saw allot of people leaving the board after being skeptic about Bitcoin or because of getting burnt or frustrated or simply losing interest... I saw few turning millionaires and many others losing all their investments due to volatility, heist, scams, theft, or closing services... and let me tell you something, Bitcoin ecosystem is full of this shit.
You mentioned only a few posts back you were leaving, yet here you remain..what happened?
you mean this post ?
Ah, I am tired of trying to save everyone, I wont share my opinion with you I don't give a shit anymore, some of you will really burn hard and learn the lesson first hand, same way I did with many things in life.
I am moving on from speculation....
I remembered that I still have a shitload of not used ammo, so I will be here till I use all the " in your face" and " I told you so" ammo... then I will see if it is worth it to not debunk the theories of the delusional perma troll bulls.
1815.
Post 9408492 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.
I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.
It's impossible to lose money if you don't sell.
watching your posts lately really hurt my eyes, the level of writing doesn't really reflect posts from a PHD holder (as you claim).... especially a computer science one, when the most thing that profession relay on is the things that you seem to be missing (math+logic).
1816.
Post 9411712 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.28h):
Just a 'back in time' break here to the beginning of this thread when bitcoin was a whopping $67.43 according to the chart on the first post
april 16th 2013
https://bitcointalk.org/index.php?topic=178336.0man would that be a bummer if that turns out to be the 'mean' on the bitcoin bubble this last year!
heh puckered a few people up with that comment
anyway a lot of zooming about up down etc since then
Sometimes when it is really late and I am way too tired I open this thread and don't realize for a second that I am on the first page and I freak out at the $69 price for a second.
I guess the $350 price doesn't look too bad in comparison.
one day soon this will happen and you will lose your shit by sitting and watching it crash to double digits.
1817.
Post 9427837 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
It seems that most of the money on the bid side was moved up to support the $300 mark, 10KBTC at stamp and 13K BTC at finex down to $300...it is not necessarily bullish because in fiat terms we are still so low $5.6 million to $30 @ stamp and $6.35 million to $40.
I still think that we didn't hit the fear faze yet, and I still think that huge dumps will follow soon, in fact I think this is the best time to dump while the bid side looks ok to $300.
1818.
Post 9428290 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
I think that Wednesday things will start changing VERY fast. Gold will get bumped up, and like usual, Bitcoin will follow. Also, the lovely lower gas prices will inch back up. The DOW? I would be concerned that we will see that as well as the USD value go down in the next few weeks too.
And you know all this how? Did reptilia say so?
Probably, but it could be Jesus as well.
1819.
Post 9428315 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
where's adam?
these trollbearwhales are rampant, someone needs to do some culling before they start eating themselves.
it is good to be a bear from time to time, I just don't get the delusional cultist bulls like you, it really seems unhealthy and unbalanced.
1820.
Post 9428639 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
where's adam?
these trollbearwhales are rampant, someone needs to do some culling before they start eating themselves.
it is good to be a bear from time to time, I just don't get the delusional
cultist bulls like you, it really seems unhealthy and unbalanced.
cultist is a clever word for a dull mind, careful you point the gun in the right direction ... or the camel moves away from under you
it just happens that the camel is smarter than some of the
cultists.
1821.
Post 9429011 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
A sane person following money is what I see, I would follow who pays more as well. Beside, Bitstamp are backed with VC money and they are set for at least the next 5 years to come, in fact the founders are doing a local meetings here in Kranj to help/invest in start-ups, Bitstamp founders are invested in 4 other start-ups beside Bitstamp and they are expanding in many other ways, young but wise guys.
1822.
Post 9434582 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
That awkward moment when 323 to 330 feels like a rally...
::FACEPALM::
Wait when they hit $350 bulls will lose their shit, they will start talking about $10K/
BTC and moons.. you know delusion will hit the spot until traders decide it is a good time to take some profits and maybe short on top of that, but I think that we will soon meet our bottom, because the tension in this market is at ATH.
1823.
Post 9434624 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
That awkward moment when 323 to 330 feels like a rally...
::FACEPALM::
Wait when they hit $350 bulls will lose their shit, they will start talking about $10K/
BTC and moons.. you know delusion will hit the spot until traders decide it is a good time to take some profits and maybe short on top of that, but I think that we will soon meet our bottom, because the tension in this market is at ATH.
Will it ever even hit $350, again?
yes it will
I don't believe it is the end of Bitcoin, I just believe that we will be down down down, and it will take some time to recover (when Bitcoin becomes more useful).
1824.
Post 9435642 (copy this link) (by mmitech) (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
They're still fake orders.
and this is why I don't trust Chinese exchanges (except btcchina maybe) and I wouldn't use them even if they were the last exchanges on earth.
1825.
Post 9435708 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
For those of you calling fake on the chinese exchanges, do you think the volume was fake when China was driving us up?
At the time there were no Huobi, and OKcoin was barely even known, Btcchina was the Chinese leader exchange... and I dont believe the volume was made up at the time.
1826.
Post 9436044 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
Most of the comments here imply that many of you are full BTC...really bearish
1827.
Post 9436127 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
Most of the comments here imply that many of you are full BTC...really bearish
Comments do not count for anything. Every technical indicator one can apply to Bitcoin indicates the price is heading down.
yes beside that, anyways nothing new, I was saying this since June, but the general sentiment in the Bitcoin community is also important.
1828.
Post 9447581 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists.
Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill.
What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay.
Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners...
back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical.
1829.
Post 9448913 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists.
Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill.
What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay.
Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners...
back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical.
How are the shorts going?
Never shorted a thing in my life, keep trying....troll
1830.
Post 9455880 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
The way Winklevoss failed (hilariously BTW) at Money 2020 represents the way the average Bitcoiner act when trying to solve "problems", how fucking stupid is explaining what is money to thousands of payments experts at such an event ?!!! some Bitcoiners think that they are experts about a subject they have no fucking Idea about or minimum knowledge, they go from ignorance to a minimum knowledge about something then they just go full retard and act like experts on the subject...which is really annoying.
1831.
Post 9456100 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.29h):
Now can everyone stop feeding this cunt please?
No. He's stubbornly wrong, but polite and intelligent (though misguided) in his arguments. If this community cannot tolerate that much dissent, it'd be too pathetic to be true.
I happen to pay attention to that guy and many of his post make sense, we people usually hate truth and like to contradict it to make it fit our hopes, wishes and delusions...but when did you became one of the delusional bull-tards? I used to enjoy most of your posts, sad that you started to act like an imbecile lately.
1832.
Post 10048096 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.44h):
which (programming) language or technologie is Bitstamp based on?
Python, once the CEO told me...
and yes I am back, but I don't care about your trading strategies nor your life drama.... I moved on to other things.
1833.
Post 10105524 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.46h):
I still think that Bitcoin will hit double digits, it will be just slow and painful path for many of you here, I will ride the ship only when most of you delusional cultists and get rich kids abandon it....
1834.
Post 10105809 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.46h):
The scenario of mmtech is not unlikely. Frankly, I don't care what the price does as long as I see a long term chance of success. And boy, do I still see chance of success.
We need more desperation.
Read, I didn't mention the possibility of Fail, it will fail at one point (when something better takes it) but for now, I think that double digits are becoming a clearer target each day.
1835.
Post 10106676 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.46h):
Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money.
Except that the first 200'000 BTC or so will be purchased from the Winkles' personal holdings.
Source?
They are rumored to have 200'000 BTC. The SEC filing says that the initial offer will be 1 million shares each representing 0.2 BTC.
Why do you think they (or anyone) would want to create a bitcoin ETF?
They are just trying so desperately to sell their bitcoins, and the ETF will make it easier for them (although unfair) , you know the saying: "a fool looking for a greater fool". I don't like their approach and second market's approach either... these companies are turning Bitcoin to everything it was created against.
But Monkeys don't give a shit as long as you promise them bananas.
1836.
Post 10106741 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.46h):
...
But Monkeys don't give a shit as long as you promise them bananas.
After over a year of not getting any bananas, the monkeys would realize they're getting gypped. Not Bitcoiners tho.
don't forget that a monkey is still a monkey
1837.
Post 10108960 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.46h):
Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?
Even bitchick has a sock puppet account... hahahahahahaha
despair
Maybe?
There are a lot of us who continue to hodl and buy, yet there are a lot of us who are beginning to take desperate measures, too because we did NOT expect the downtrend to last so long or to continue so deeply.
Surprise!
http://static.viralands.com/posts/f221/image-fRRF8lcQ.gif
1838.
Post 10138446 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.47h):
I am curious how longer we have to wait to hit lower double digits.
1839.
Post 10148688 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
You've all seen the bottom, but who managed to buy large quantities below $200?
My friend, we didn't hit the bottom yet, it is still far away (lower double digits, maybe even single digits) you wont miss buying at the bottom when we hit it, because we will be there for weeks.
1840.
Post 10148751 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
You've all seen the bottom, but who managed to buy large quantities below $200?
My friend, we didn't hit the bottom yet, it is still far away (lower double digits, maybe even single digits) you wont miss buying at the bottom when we hit because we will be there for weeks.
Based on what? This is the bottom because we saw biggest volume in >6 months. There's a slim chance of another bottom in a few months, but if it happens - it will also last for a very short time.
Hold on to that while I grab my popcorn and watch you, most of you didn't learn a single thing yet.... well I guess it is about time.
1841.
Post 10148805 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
You've all seen the bottom, but who managed to buy large quantities below $200?
My friend, we didn't hit the bottom yet, it is still far away (lower double digits, maybe even single digits) you wont miss buying at the bottom when we hit it, because we will be there for weeks.
Where can i buy some crystall balls? I mean what the fuck, seems like everyone here has it but me.
It is called
"experience", a thing that most of you should already have by now... but you don't because you are just a cultists idiots who think Bitcoin will save the world (like this is the answer to everything), Bitcoin represent the last hope for many of you here and this is why you refuse to look at facts.
1842.
Post 10148813 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
So the 30k BTC @ $300 guy from not long a go looks as one lucky guy right now
a smart guy if you ask me.
1843.
Post 10148914 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
Finally, a bottom we can all agree on.
Wishful thinking ? you had more than a year to take profits, now it is not time to be fearful.
1844.
Post 10149032 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
You've all seen the bottom, but who managed to buy large quantities below $200?
My friend, we didn't hit the bottom yet, it is still far away (lower double digits, maybe even single digits) you wont miss buying at the bottom when we hit it, because we will be there for weeks.
Where can i buy some crystall balls? I mean what the fuck, seems like everyone here has it but me.
It is called
"experience", a thing that most of you should already have by now... but you don't because you are just a cultists idiots who think Bitcoin will save the world (like this is the answer to everything), Bitcoin represent the last hope for many of you here and this is why you refuse to look at facts.
it might not save the world but it is better than the shit sandwich your facist masters at the federal reserve are serving you bitches up
You are eating the same fucking sandwich, and no, Bitcoin is not going to solve this , it might make it even worst than before.... it takes the power from small people (consumers) and give it to the richer who already have way too much power... Bitcoin offers 0 protection to guys like me... so why don't you go sell your shit somewhere else ?
1845.
Post 10149046 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
Finally, a bottom we can all agree on.
Wishful thinking ? you had more than a year to take profits, now it is not time to be fearful.
greedy.
Damned greedy people on the Speculation forum.
You should all be ashamed of yourselves. Give some money to poor people and cut off your balls to feed starving puppies.
Greedy, there is no greed about following the simple rule of trading, especially when you spot a bubble
1846.
Post 10149060 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
up 33% in under 3 hrs ... find me another investment that good.
only if you just bought at a$150, otherwise you've been losing your shit continuously for more than a year.
1847.
Post 10149074 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
I think that if the bitcoin cultists would have better careers, then they wouldn't be so desperate in wishing bitcoin to succeed. This desperation comes from thinking that bitcoin is their only hope to succeed in life.
yea a bunch of losers who couldn't achieve anything in life so they rely on the hope that Bitcoin will do it for them, instead of working on their skills and making their way to new milestones.... their fuel is the idiots who buy into their fantasy.
1848.
Post 10149213 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
up 33% in under 3 hrs ... find me another investment that good.
only if you just bought at a$150, otherwise you've been losing your shit continuously for more than a year.
1 year is a totally arbitrary timeframe for an asset that has been increasing exponentially for 5 of the last 6 years, curious unit you choose?
You know what.... I give you this, but I will remind you about this talk when we hit the real bottom, only then when we shake speculators and cultists idiots, then Bitcoin can improve and prepare for mass adoption, right now Bitcoin is dangerous and highly speculative and hoarded, it is not prepared for what it was designed for by all means.... don't forget this conversation.
1849.
Post 10149285 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
up 33% in under 3 hrs ... find me another investment that good.
only if you just bought at a$150, otherwise you've been losing your shit continuously for more than a year.
1 year is a totally arbitrary timeframe for an asset that has been increasing exponentially for 5 of the last 6 years, curious unit you choose?
You know what.... I give you this, but I will remind you about this talk when we hit the real bottom, only then when we shake speculators and cultists idiots, then Bitcoin can improve and prepare for mass adoption, right now Bitcoin is dangerous and highly speculative and hoarded, it is not prepared for what it was designed for by all means.... don't forget this conversation.
ooooh, am i meant to be awed by your omnipotence?!
latecomers always full of crap inevitably.
Late comers ?!!! so it is really a cult... my gosh you cultists idiots.
Edit: I am curious, what do you do in life ? like what is your profession ?
1850.
Post 10149341 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
What is this theory of shaking out speculators by price crash everyone keeps talking about?
"Sharply falling prices will ris us of all the idiots that are poisoning the btc ecosystem and then we can start healthy growth again, only when we cool pple are left"
Am I the only one to find this argument utterly s.. silly?
nope, I agree with it 100%, most of Bitcoiners jumped in because of the price going up... you know the get rich kids, when the price crash (like there will be no tomorrow) these kids will dump the whole scene, which is perfect for Bitcoin to develop and prepare for the real mass adoption, the real thing that it was meant and designed for, and without these kids we can fix so many Broken things Bitcoin have.
1851.
Post 10150065 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
fun fact : i got my credit card hacked two times on the net last year and each time my bank refund me within 10 days to protect me.
More than bitcoin can ever do
only an idiot lets their credit card get hacked ... and your credit card fees include costs for all the other idiots who let their cards get hacked and the idiot companies that 'secure' all the massive credit card databases ... basically its a bog hack system that costs a lot of of money to keep patching up
secure bitcoin properly and it never gets hacked and you never pay more than you have to, or paying for others incompetence.
PS: you're credit card was basically worthless last time i looked anyway
Don't be an ignorant, this could happen to anyone, even if you take all security measures, all it takes is the hack of a merchant you once used... Bitcoin isn't better, because at the time it is harder to secure, in fact the only way to be so secure is by using paper wallets which is not suitable for the masses when we consider their daily needs.
Edit: take Bitstamp as an example when it comes to security, if they cant secure their exchange how do you expect a normal user to do so ?
Bitcoin is redefining the security measures in IT, when a single file is so important and critical, it is really dangerous for the masses at this point, we need to put more effort to make it secure, user friendly, tweaked for larger adoption and especially regulated so the scums and crooks don't find a heaven in it.
1852.
Post 10150389 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
fun fact : i got my credit card hacked two times on the net last year and each time my bank refund me within 10 days to protect me.
More than bitcoin can ever do
only an idiot lets their credit card get hacked ... and your credit card fees include costs for all the other idiots who let their cards get hacked and the idiot companies that 'secure' all the massive credit card databases ... basically its a bog hack system that costs a lot of of money to keep patching up
secure bitcoin properly and it never gets hacked and you never pay more than you have to, or paying for others incompetence.
PS: you're credit card was basically worthless last time i looked anyway
take Bitstamp as an example when it comes to security, if they cant secure their exchange how do you expect a normal user to do so ?
Bitcoin is redefining the security measures in IT, when a single file is so important and critical, it is really dangerous for the masses at this point,
we need to put more effort to make it secure, user friendly, tweaked for larger adoption and especially
regulated so the scums and crooks don't find a heaven in it.
ok thanks for that, before i had just wondered, now i definitely know that you are a simple lightweight roll.
not worth bothering with, have fun in your safe little pond camel rider
The more I talk to people like you the more I love my camel.
BTW: that picture in my profile is a piece of historical art...
not that you really know what art or who Etienne dinet is 
1853.
Post 10151041 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
fun fact : i got my credit card hacked two times on the net last year and each time my bank refund me within 10 days to protect me.
More than bitcoin can ever do
only an idiot lets their credit card get hacked ... and your credit card fees include costs for all the other idiots who let their cards get hacked and the idiot companies that 'secure' all the massive credit card databases ... basically its a bog hack system that costs a lot of of money to keep patching up
secure bitcoin properly and it never gets hacked and you never pay more than you have to, or paying for others incompetence.
PS: you're credit card was basically worthless last time i looked anyway
take Bitstamp as an example when it comes to security, if they cant secure their exchange how do you expect a normal user to do so ?
Bitcoin is redefining the security measures in IT, when a single file is so important and critical, it is really dangerous for the masses at this point,
we need to put more effort to make it secure, user friendly, tweaked for larger adoption and especially
regulated so the scums and crooks don't find a heaven in it.
ok thanks for that, before i had just wondered, now i definitely know that you are a simple lightweight roll.
not worth bothering with, have fun in your safe little pond camel rider
The more I talk to people like you the more I love my camel.
BTW: that picture in my profile is a piece of historical art...
not that you really know what art or who Etienne dinet is Art, Beanie Babies, Bitcoins, it's all the same, just a bunch of stuff that cultists like to collect, except art and beanie babies have no use case. Collecting art is even more stupid than collecting bitcoins.
Collecting art...you think I own one of these pieces ? LOL, only in my dreams, these pictures has a historical and emotional effect on me, I would be really lucky to hang one of these in my living room.
1854.
Post 10151888 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
Well, he was a tit man that's for sure.
Phwoooooaaaarrr!
yes, so many tits, tits everywhere... also nature and architecture.
1855.
Post 10152957 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
Bitstamp must be kicking themselves for not charging fees right now.
I was thinking about the same thing, they disabled fees at the wrong time, but it wasn't really on their hand.
1856.
Post 10154948 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
So now after this we will have a bubble right ? I was promised $10K, are we still on track ?
1857.
Post 10155851 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
still with the beartrolls spewing their vitriol and wallowing in the effluent of their toxic hatefest ...
nice place you got here adam ... time to lock it up maybe? this thread is stinking up the joint.
"Je suis Charlie"
Look at this goofy fuck that has a problem with using the ignore button when someone isn't acting according to his dogma. Who's stopping you, huh ? Shut your ass up and do what you do best and that is... losing money.
Leave me and my intelligent bear buddies alone.
wallow, wallow you hateful little pigs ... bulls make money, bears make money, pigs get slaughtered.
and you are just a pig, an amateur pig, a pig that has been so long around and should know better but instead he joined the Bitcoin cult, I am sure you will have problems integrating to society if Bitcoin fails.
1858.
Post 10156602 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.48h):
I know a couple of large miners that are having a real hard time now, unfortunately not only them but many miners are having the "talk" about if they continue mining and cover the lost from their own pockets, or simply shutdown their operations and sell the BTC they are hoarding in case of the price falls further.
I am also curious if Chinese manufacturers will continue inflating the market with their hardware, and at what point it will become unprofitable for them to continue the production.
1859.
Post 10158556 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
I feel like the last 13 months were a dream and I just woke up to great news!
you are desperate, you really need help...
1860.
Post 10158604 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Price just went from $280 to $165 the last 48 hours, bulls tells you everything is OK... price bounced back to $185 (+20) and bulls start posting CCMF ... are you really this desperate ? you should be selling when you were profitable....
BTW, just please don't think about harming your self when we hit single digits, OK ?
1861.
Post 10158640 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC
The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again.
one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon.
1862.
Post 10158735 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 2966347 USD. Total asks: 11304 BTC. Ratio: 262.39544 USD/BTC
The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again.
one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon.
[Rationalizing]
The picture is the same on Bitfinex which didn't have its orders cleared out: Bitfinex | Total bids: 4695435 USD. Total asks: 16226 BTC. Ratio: 289.36067 USD/BTC.
I've been posting the same snapshots when it was on the bearish tilt a couple days ago. Funnily, you weren't hear to tell me about how it's all just nonsense.
Face it man, you used to be a bitcoin cultist who insulted me because I was bearish, and now you became a bear cultist who insults me when I sometimes turn bullish.
If you didn't notice, I were off for a couple of months, I visited only to quickly check my PMs and some other topics (Slovenian Sub forum), but it doesn't matter, one thing I am not going to argue about, yes I was one of the biggest bulls over here for sure, but I was never a cultist.... but I don't remember insulting you when you turn bullish !! did I ? doesn't matter, I am sorry If I did, because I know that you are one of the few objective people here.
1863.
Post 10162876 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
This doesn't mean anything, you are overlooking it... a correction to $250 is possible maybe followed with some stability for few days then the downtrend will continue till we hit the bottom (double digits, lower double digits)
1864.
Post 10163263 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
This doesn't mean anything, you are overlooking it... a correction to $250 is possible maybe followed with some stability for few days then the downtrend will continue till we hit the bottom (double digits, lower double digits)
Sure, I smell another drop coming, but I'm not sure if lower double digits is where it will end. There would be major capitulation at sub $150. Not sure if there would be enough people willing to sell at sub $100 to drive it that far.
I love bears. We just had a massive calamitous decline with a huge volume reversal, after a never ending 13 month bear market. When the market finally turns up they predict doom. As i said yesterday we will see who are just trolls/useful idiots to the whales controlling the market and who actually follow the trend.
Those aren't bears, they are either bear cultists (permabears) or pigs.
I'm not a permabear, I'm just not convinced we have reached the bottom. Maybe it was yesterday. We'll see... No way to be sure until it's tested and retested.
As for mmitech. He's just permanegative. He loves to see things burn...
you must be new here, I am not negative... I am optimistic and bullish when the market is bullish, and pessimistic and bearish when the market is bearish, as simple as that.
BTW 1w chart is still showing a huge chance for a continuing downtrend (unless we recover to $450 in the next couple weeks)
This graph didn't fail yet:
Most "bulls" in this forum: I don't see despair yet, when it hit most of you will abandon the ship, only then I will buy back, at this point my money is safe and stable in my bank account
1865.
Post 10168365 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
[conspiracy] maybe when the feds seized the SR Bitcoins they actually seized MTgox coins, because it doesn't make sense that the SR had that much of coins...[/conspiracy]
1866.
Post 10168534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Since i've been here...
Not a single bull has ever told me why Bitcoin is worth $210 -$1000, $100k and not $30-70$ like it should, yet i'm the one who's considered a troll LMFAO. The stupid fucks watched so many graphs that they forgot that the price is driven by people and their reaction to the technology and not by the lines presented on a chart and some fancy trends posted by delusional amateur traders that were born post "The Wolf of Wall Street". We are not in the past where the MtGox bots were pumping out Bitcoin like lunatics.
Go outside of your pussified geeky world and ask people if they give a shit about bitcoin. Ask them and then you will see the real truth. What you got here is a technology that's failing to take advantage of the power that the internet has to offer, in case you want to talk about a mass adoption situation. That alone should tell you a more realistic price.
Now please, go back to your 9 to 5 jobs and stop dreaming like idiots that one day you will all own Bentleys and big opulent houses. Keep bitcoin on the side and work harder on other goals.
now the reak question is about the inflated demand, and the complicated answer is the greedy people who were so blind to not see or ignore the huge bubble, they were also promised $10K coins, so as naive as they were they kept buying bitcoins... in fact they were buying hope and held and wishes and dreams, but now they are realizing how ignorant they were... this is why the bubble is taking so long to burst, it was delayed with hope and dreams and wishful thinking.
Edit: BTW, technical analyzes work most of the time...the fact that you don't understand charts or don't know how to use them doesn't mean they are worthless.
1867.
Post 10168969 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Ulbricht’s lead attorney, Joshua Dratel, said that Karpeles was the man pulling the strings behind Silk Road from 2011 until 2013, and that his associate Ashley Barr, a Canadian computer scientist, became the famously libertarian voice of Dread Pirate Roberts.
“Lots of little things added up to [Karpeles],” Der-Yeghiayan testified.
In a meeting with other Homeland Security agents, Der-Yeghiayan recalled saying that “we have built up quite a large amount of information that leads to this.”
Der-Yeghiayan, however, was convinced that the investigation still had further to go before making an arrest and taking Karpeles to court. He advised other law enforcement agents against speaking to Karpeles about Silk Road, so as to not tip him off.
At the time, there were investigations into several potential crimes that Karpeles had committed.
Instead, other Homeland Security investigations into Karpeles, for separate and related crimes, led investigators to seize $2 million from Karpeles in May 2013, thus tipping Karpeles off that he was on the radar of the United States government.
Although he was “upset” about the premature law enforcement contact, Der-Yeghiayan said he continued his investigation into Karpeles.
“You believed him to be the mastermind behind Silk Road, keeping it secure and operating?” Ulbricht defense attorney Dratel asked Der-Yeghiayan.
“I did,” Der-Yeghiayan testified.
As the argument was unveiled, Ulbricht let out a rare beaming smile and turned to his parents. They nodded at one another, marking the most electric moment in the trial so far.
Der-Yeghiayan testified that his own investigation had found that Mutum Sigilum, a Karpeles holding company, had registered silkroadmarket.org as a means to publicize the site further.
The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
In the summer of 2013, a separate Baltimore-based Homeland Security investigation into Karpeles went to meet with the Karpeles's lawyers, explicitly against Der-Yeghiayan’s wishes. At this meeting, Karpeles’s lawyers brought up Silk Road and said that Karpeles was willing to give up the person he thought to be running Silk Road in order to gain immunity from other charges pending against him.
Der-Yeghiayan said he was “upset” about the contact and says he wrote a lengthy memo about the problems in the investigation.
Dratel says that it was only after this happened that Ulbricht was lured back into Silk Road, an entity he allegedly left behind two years prior, in order to be the “fall guy” who would ultimately take the charges that could leave him in prison for life.
source ?
1868.
Post 10168985 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Supply and demand...as simple as that.
now the reak question is about the inflated demand, and the complicated answer is the greedy people who were so blind to not see or ignore the huge bubble, they were also promised $10K coins, so as naive as they were they kept buying bitcoins... in fact they were buying hope and held and wishes and dreams, but now they are realizing how ignorant they were... this is why the bubble is taking so long to burst, it was delayed with hope and dreams and wishful thinking.
Edit: BTW, technical analyzes work most of the time...the fact that you don't understand charts or don't know how to use them doesn't mean they are worthless.
If technical analysis worked out most of the time then we all should've been rich by now. I'm pretty fucking sure that you or any other else never predicted $150 bitcoin followed by $200, dip to $170 and back to $220 in a ridiculous 2-3 days timeframe. What you can do with T.A is to paint a history and then place a "bet" based on it. Saying that T.A works most of the time is an overstatement.
well, you are wrong sir, just read my posting history.
1869.
Post 10169050 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
This could be true, and the coins that Mtgox "lost" could be really the SR seized coins or the lost at least connected to this event.
1870.
Post 10169067 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
Then I can confirm that Bitcoin will die as soon as this info become true.
1871.
Post 10169153 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
do you remember when Mark refused to go to the US hearing when he was invited by the court regarding their closed account? you know, refusing may also add some confirmation to this theory... so many dots got connected, but again it could be just a coincidence.
1872.
Post 10169201 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.49h):
The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"?
Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price?
The forum term, pump it, do you know the willy Bot ?
1873.
Post 10177855 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.50h):
I am very bullshit on bitcoin at the moment.
That feeling is a sign it is a VERY good time to buy IMHO.
When we all feel euphoric it is time to sell.
Look at yourself, you've been swimming in this delusion for almost a year now, telling everyone it is a good time to buy and how you feel this is maybe the launch and about how your guts feel it...BTW, did you pray today so your lord can save you from your ignorance ?
1874.
Post 10178128 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.50h):
Look at yourself, you've been swimming in this delusion for almost a year now, telling everyone it is a good time to buy and how you feel this is maybe the launch and about how your guts feel it...BTW, did you pray today so your lord can save you from your ignorance ?
Oh sod off you miserable twit.
You add literally nothing but a negative attitude to this forum.
Most of you here need some negativity, it saves you from your selves long term, you are welcome .
1875.
Post 10186424 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.50h):
They are mad they didn't get rich and now want it to get reset so they can get in early. Little do they realize that if crypto were to die, they won't have a chance to get rich anyway...
In case this is not a troll account of yours, you only lost money since entering bitcoin (or you shorted).
This is not the end, but 2014 was a great year to SHORT the shit out of bitcoin and some bullnutters. I took my profits above 800$ and thankfully waited more than 1 year to rebuy below 175$, only to sell again part of it above 210$.
I have more fiat and more bitcoins, but I still like to see bitcoin go down another 50$, just to see some tards lose their money and jump off a bridge.
And the "Swiss" Bosnian is back....
1876.
Post 10220529 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Can anyone tell me where and how can I buy Ethereum ?
1877.
Post 10220635 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
The market is not liquid at all, and the price is just crazy, maybe because of the lack of liquidity !!!!
anyways, thank you.
1878.
Post 10220669 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Good Guy NYSE, amirite?
You know what, it will be really hilarious watching the NYSE loosing their shit to the "Bitcoin nerds" I know that 75 million to them is nothing, but just the fun of it man.
1879.
Post 10220679 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
@mmitech please read the latest quotes form this comment
As well, let's continue with the real topic of this thread Shit, see why we call them scam coins... what a clever bastards.
1880.
Post 10220811 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Can anyone tell me where and how can I buy Ethereum ?
Ask in altcoin section or in Ethereum forum....it is so funny that you bears are talking here about better coins etc...BULL..SHIT...bitcoin has value in community...it is backed by community and even you, the Troll with the huge fuc*inkg T, you are also part of the community
i don't want you are part of the community, because i don't like your attitude, but you are..it is your free will to try to become a part of some community...i am not sure if that is you, but i think yes..i think you are the one who was banned from litecoin forum and reddit for insulting mods, right? Who let you be part of the community even when you don't like it and not many people like you...BIT....FUCKING....COIN man...think about it
Butthurt so much ? and yes, I am the one who was banned from r/Litecoin and from the Litecointalk forum(thankfully we have the freedom of speech in Bitcointalk), but do you know why? you obviously don't, well let me enlighten you sir... because I fucking "insulted" mods after them deleting my posts and temporarily banning me over and over and all over again, each time I pointed the obvious scam or when I questioned Jasinlee project (because everything said redflag) and warned everyone about the obvious scam, the mods were paid, he sponsored everything they did, they even were involved with the CACHE coin, something you wouldn't expect from a Litecoin forum Mod...but hey I was wrong right...
nope, I was right all the time, Jasinlee did scam people and got millions of dollars from his victims thanks to the Litecoin community mods, this could be prevented if they didn't censorship my speech... BTW, you are just a fucking idiot sheep like them.
1881.
Post 10221069 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Can anyone tell me where and how can I buy Ethereum ?
Ask in altcoin section or in Ethereum forum....it is so funny that you bears are talking here about better coins etc...BULL..SHIT...bitcoin has value in community...it is backed by community and even you, the Troll with the huge fuc*inkg T, you are also part of the community
i don't want you are part of the community, because i don't like your attitude, but you are..it is your free will to try to become a part of some community...i am not sure if that is you, but i think yes..i think you are the one who was banned from litecoin forum and reddit for insulting mods, right? Who let you be part of the community even when you don't like it and not many people like you...BIT....FUCKING....COIN man...think about it
Butthurt so much ? and yes, I am the one who was banned from r/Litecoin and from the Litecointalk forum(thankfully we have the freedom of speech in Bitcointalk), but do you know why? you obviously don't, well let me enlighten you sir... because I fucking "insulted" mods after them deleting my posts and temporarily banning me over and over and all over again, each time I pointed the obvious scam or when I questioned Jasinlee project (because everything said redflag) and warned everyone about the obvious scam, the mods were paid, he sponsored everything they did, they even were involved with the CACHE coin, something you wouldn't expect from a Litecoin forum Mod...but hey I was wrong right...
nope, I was right all the time, Jasinlee did scam people and got millions of dollars from his victims thanks to the Litecoin community mods, this could be prevented if they didn't censorship my speech... BTW, you are just a fucking idiot sheep like them.
Butthurt? Why? I made lot of money in cryptocurrency already and if something i am really curious about how it all work out...but i think you are butthurt as hell.....No, i am talkimg about the thread in Litecoin where you were asking about why to choose litecoin or something like that and they warned you that they know you were banned almost everywhere and after they banned you anyway too
And it is hilarious you write "WE HERE"...and yet you smash bitcoin or the people who like bitcoin all the time...Without Bitcoin, there would be no Bitcointalk.org...and without Bitcointalk.org your life would be even more empty
BTW you are just an idiot
OK... whatever makes you feel better.
1882.
Post 10222358 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
yea, those fuckers know where the money is: exchange and trading fees.
bitcoin price? who cares? we can charge fees for every transaction even if bitcoin is trading at 10 $.
Bravo... is this so hard to understand? Bitcoin will do the same job regardless the price, so why not eliminate the risk of the crazy volatility by investing in a company that makes money from these hopeless delusional libertarians.
Edit: Beside, even if Bitcoin fails and if we get a Bitcoin 2.0, these companies will still operate, while Bitcoin bag holders will lose it all.
1883.
Post 10227403 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
The evolution of the cryptocritic slowpoke:
"Bitcoin will never be worth more than a few cent".
=> 2011: $32
==> "Ha! Price dropped from $32 to $2. Bitcoin is dead!"
===> 2013: $260, $1100
====> "Ha! Price dropped from $1100 to $200. Surely now Bitcoin must be dead."
"Nobody has any interest in using Bitcoin"
=> Network grows exponentially, 5 years in a row
==> "Okay, nobody other than a few nerds and libertards is ever going to use or accept Bitcoin"
===> Microsoft online, Overstock, Dell, Newegg
====> "They don't really accept Bitcoin, they convert most of it to USD immediately. Big money despises Bitcoin."
======> $75 million investment in Coinbase, by New York Stock exchange, among others
=======> "They don't actually think Bitcoin is useful or is going to stick around. Didn't you know the only guys who made money during the gold rush where the sellers of shovels?! That's exactly how they see Bitcoin."
And so on, and so forth.
There's a big premium to be had in this market, and you guys are the reason. Never change, please. ^_^
"Bitcoin from $2 to $1100" - Brought to you by Mark Karpeles in collaboration with Ross Ulbricht.
Microsoft, Overstock, Dell and Newegg accepted bitcoin because they knew that they were reaching its unique user-base. DUH! More customers, especially considering that bitcoin's userbase is most made out of techies, meant more potential for selling their products. DUUUUH!! If there was a currency with a pretty decent user-base named BangYourDeadGrandmaCoin, i'm pretty sure they would have accepted that too.
Regarding Coinbase, it could easily dump this World of Warcraft: Wrath of the Lich King unusable virtualtulip currency and replace it with more potent ones that i'm pretty sure they are being developed as we speak. Currencies that will bury this one like what Facebook did to Hi5 and Myspace.
Also, "The $75 million funding round is believed to value the company at $400 million, though this couldn't be confirmed." These fucks can't wait to transform companies into bubbles like Instagram, Oculus Rift and Whatsapp so they can EXIT and make a shit ton of money.
Stop with this fake confidence, goofy boy. Bitcoin's name will be milked till it will enter its Sterling Deluxe Stainless Steel Coffin (maximum 2 years) and then a new shiny improved coin will replace it as easy as saying "BAGHOLDER"
+1 wisdom words.
1884.
Post 10227417 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.
I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.
1885.
Post 10227437 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
...
I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore
you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.
1886.
Post 10227673 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
...
I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore
you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.
Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.
But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.
This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK, the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.
1887.
Post 10229348 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.
But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.
This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK, the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.
Guess we're in agreement then mostly. There are some signs that the (2013) 2014 (2015) bear market is, if not ending, getting closer to an end, but your guess is as good as mine if we already reached bottom or not.
Here's what I think:
I don't buy the
bullshit of extending a line running through historic price on a log chart arriving at ONE MILLION DOLLAR per bitcoin by the end of next Thursday, but I also don't buy the
bearshit of declaring Bitcoin dead and failed when VC money pours in like it did this year.
The latter doesn't mean we're going to rally now, not even this year or the next necessarily, but I
do take it as another milestone for crypto becoming entrenched as a part of human society.
Which sounds good enough for me. The rest is a matter of your investment time horizon, your risk profile, and your ability to control risk.
Yes, venture capitalists look at things mid-long term, beside they are leveraging their risk by investing in companies that will build the Bitcoin ecosystem and push growth, this is what Bitcoin really need and I am happy that money is going to the right place, these companies will eventually exist even if Bitcoin fails...some think that VC money should be spent on buying bitcoins which is just outrageous, because it will just enrich the "get rich kids" instead of doing any good to the ecosystem and the real community around it.
Most of us here Acknowledge the potential of cryptocurrencies, I choose the objective way to look at things which somehow offend most of people here...I understand, these guys have hopeless lives, they didn't achieve or accomplish anything so they hope and wish and rely on the success of Bitcoin, and by success I mean the price skyrocketing, but the truth is that Bitcoin is already going mainstream and succeeding... guess what, even if Bitcoin fails it wont effect my life a single bit, now try ask your self the same question, if you will be effected a single bit then maybe it is time for your to rethink your position.
1888.
Post 10236677 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Looks like $150 was a short term bottom after all, as I suggested it might be. Personally I stayed out because I'm not trading this anymore, but congratz to Blitz and the others who bought and made a very nice percentage, gotta acknowledge a good trade when traders make one
I'm still pretty convinced it's just a short term bottom though. As always, there is all the time in the world to break below that.
You bulls will have to pump it a lot more to break that or to break the previous bubble high at $260.
Good luck with all that, definitely not an easy task
Was thinking the same, whoever bought @<$200 just made a good trade, just don't be greedy and sell before the next crash (which I think is not going to take long before happening ), I think the price will race a bit because of the panics buys thinking it is a reversal (but I don't think we can go over 300) then it will settle for a couple of days before the next crash and the next new lower bottom.
Edit: I stopped trading at $580 and got all my funds out of stamp, I have mixed feelings about not trading and missing these opportunities but I also can't take any risks at this critical time.
1889.
Post 10236865 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.51h):
Looks like $150 was a short term bottom after all, as I suggested it might be. Personally I stayed out because I'm not trading this anymore, but congratz to Blitz and the others who bought and made a very nice percentage, gotta acknowledge a good trade when traders make one
I'm still pretty convinced it's just a short term bottom though. As always, there is all the time in the world to break below that.
You bulls will have to pump it a lot more to break that or to break the previous bubble high at $260.
Good luck with all that, definitely not an easy task
Was thinking the same, whoever bought @<$200 just made a good trade, just don't be greedy and sell before the next crash (which I think is not going to take long before happening ), I think the price will race a bit because of the panics buys thinking it is a reversal (but I don't think we can go over 300) then it will settle for a couple of days before the next crash and the next new lower bottom.
Edit: I stopped trading at $580 and got all my funds out of stamp, I have mixed feelings about not trading and missing these opportunities but I also can't take any risks at this critical time.
What convinced you stamp was unreliable enough for you to pull everything out when the price was $580?
nothing, I just saw the price going nowhere and I knew it would take a really long time before hitting the bottom, so I didn't feel comfortable leaving my funds that long on an exchange... I never leave BTC on exchanges and I leave fiat a couple of days maximum, since it take only a day to wire money on and off Bitstamp (most o the time I get money on and off stamp the same day).
Edit1: I started selling off my stash February last year and in august I gradually sold off all my stash and it was the last time I used Bitstamp.
Edit2: my mistake, I bought some coins to invest in a stratup which turned to be a very bad idea (lost €7.5K) and sold what have been left in October.
1890.
Post 10255605 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.52h):
Battlefield on Stamp
Probably big sell from bitpay or any other payment processor... and then quick market buys from those who forgot to buy sub 250$
Or probably stamp buying their lost coins in batches, as long as we didn't get an Audit and they didn't say where the fuck they got the coins from or if they even have these coins, everything is possible.
1891.
Post 10255947 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.52h):
Battlefield on Stamp
Probably big sell from bitpay or any other payment processor... and then quick market buys from those who forgot to buy sub 250$
Or probably stamp buying their lost coins in batches, as long as we didn't get an Audit and they didn't say where the fuck they got the coins from or they even have these coins, everything is possible.
or maybe people cashing out from stamp after the no fee days ended, so orderbook is low and mad stuff like what we see can happens?
possible
BTW, do you see this ? this means no sane person would leave his Bitcoin on exchanges anymore, even if it is for the sake of open limited sell orders.... I am sure that once the price goes up to peoples expectation they will start sending coins to exchanges and executing market sell orders.
the chart is from Bitstamp.
and this is from Bitfinex.
Conclusion: people are starting to learn how to take care of their coins, and the Ask side doesn't mean that much to me, but the Bid side is important because it represents the Fiat sitting waiting to be filled... so the Bid ask ratio that people usually show here is useless IMO.
1892.
Post 10264650 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
BUY people fucking BUY.
Don't end up being a bitter beartard / troll that gets left behind.
I would like to be left behind... so I am not buying a single satoshi
enjoy your ride to the "moonz"
1893.
Post 10264712 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
BUY people fucking BUY.
Don't end up being a bitter beartard / troll that gets left behind.
I would like to be left behind... so I am not buying a single satoshi
enjoy your ride to the "moonz"
That is pretty bad taste, even for you.
Bad taste? grow up bitch, these things happened so you even acknowledge them or go fucking hide somewhere to not hear or see the truth.
1894.
Post 10264766 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
BUY people fucking BUY.
Don't end up being a bitter beartard / troll that gets left behind.
I would like to stay left behind... so I am not buying a single satoshi
enjoy your ride to the "moonz"
That is pretty bad taste, even for you.
i didn't want to comment but making light of those thousands of poor bastards on the train to the death camps is about as low as it gets ...
Amazing, I see my point well received...there are bulls and bears, but you are just a bunch of pigs going to be slaughtered by market makers...well in fact the truth is that you will be slaughtered by your delusion.
1895.
Post 10264830 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
BUY people fucking BUY.
Don't end up being a bitter beartard / troll that gets left behind.
I would like to stay left behind... so I am not buying a single satoshi
enjoy your ride to the "moonz"
That is pretty bad taste, even for you.
i didn't want to comment but making light of those thousands of poor bastards on the train to the death camps is about as low as it gets ...
Amazing, I see my point well received...there are bulls and bears, but you are just a bunch of pigs
and you sir, are one sick fuck!
shut up, you are one of the biggest bigs here around.
in 32 Hours the price according to my sources will be $377 (+/- 5) How is this working out for ya?
Pretty well...
so like i said 1am UK time we will hit 377 +/-5
2 more spikes, and by the time China is eating corn flakes, we'll be close to 377.
but don't hold me to exactly 1am. might be a few hours late.
you keep saying the same thing over and all over again, suppose you hit $377, then what ? why is $377 important to you ? what would this change?
it is $377, it is not like we are going to hit $600 or $800, I am pretty sure that even if you hit that (377) mark (which I really still doubt) this wouldn't change shit, because you always go $10 north and $20-30 south, and trade side ways till the next crash....
I still think that Bictoin Price is a bubble that will burst to pre-bubble price ($100-150), after that we will have a slow and boring growth.
I don't know if 377 is exactly right
I don't know if my timing is right.
But I am sure of the direction. And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.
You
have to believe me.
Confirmed!
1896.
Post 10264901 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
keep posting mmitech, you make yourself look worse with every post lol. I'm glad you show everyone that you're just a fucked up weirdo.
the difference between you and this poor souls is that they didn't have a choice, that train driven them to death in a really tragic way, but you pigs choose to be slaughtered by the market because of your delusion, I guess that many of you here are just a hopeless idiots that have no way to achieve anything in life if Bitcoin were to fail.
Edit: all my posts do respect forum rules, so if you don't like my opinion put me on ignore (it would prove your hopeless)
1897.
Post 10265422 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
Late comers ?!!! so it is really a cult... my gosh you cultists idiots.
the difference between you and this poor souls is that they didn't have a choice, that train driven them to death in a really tragic way, but you pigs choose to be slaughtered by the market because of your delusion, I guess that many of you here are just a hopeless idiots that have no way to achieve anything in life if Bitcoin were to fail.
Edit: all my posts do respect forum rules
Blitz, you should really change the rules
BTW, if you want to point to these posts as insult... then you are wrong, the truth shouldn't insult you....you know, the "Je suis charlie" style.
1898.
Post 10266433 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
So that is it ? WTF !!! hahahahaha
1899.
Post 10266540 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
Not even available for customers outside the US, and not even in all US states. hahahahahahah this is so hilarious.
Bulls you are really pathetic, I don't know how a new "regulated" exchange is bullish (like Bitstamp isn't) and the news turns to be even shittier
1900.
Post 10266721 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
1901.
Post 10266764 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
Well there are already quite a number of exchanges for customers outside the US for now, so the only country that desperately still needs a solid exchange is the good ol' US of A.
What is wrong with all other exchanges? and wasn't Kraken an US exchange ? come one just admit it, you are so desperate for a pump and it doesn't matter what the reason is...
1902.
Post 10267437 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
why so negative?
we should thank coinbase for this pump.
because mmitech is very smart and everyone else is retarded
yes I am smart (or at least not an idiot) and there are so many retarded people here for sure, so your statement is somehow valid and accurate.
1903.
Post 10268003 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
+1
Exactly my thoughts
1904.
Post 10268265 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
+1
Exactly my thoughts
mmitech, I know we've butted heads before but seriously. What price do you consider to be where
BTC should be or where would you buy back all in?
When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
1905.
Post 10268290 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?
What makes you think he has any money to buy back at all?
Yes, who knows, maybe if I held to my coins I would be broke today.
1906.
Post 10268335 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?
What makes you think he has any money to buy back at all?
You must be new here, he cleaned up with litecoin last November...
You mean 2013 I hope...
Indeed, damn these years are going fast now days
I have to admit that Litecoin was the best performing investment in my portfolio, but sadly I don't see any purpose in it anymore, Bitcoin v 2.0 coins like Ethereum could be a big news though.
1907.
Post 10268391 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits
nope, it started from lower double digits, so nope the bubble didn't burst.
1908.
Post 10268434 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
If I wanted more BTC, I'd simply have put away a fraction of the money I made selling at the 2013/2014 juncture. I spent it all (or have it earmarked) for property development projects. Don't worry...I've got a decent amount of powder of the BTC variety dry.
I more or less got the posting bug out of my system over the last few weeks. The only interesting thing going on recently is the sidechains possibility which is probably the last hope to save Bitcoin as something worth saving. Also, gearing up for the 'gavincoin' fork war is something I should be focusing my efforts on, but it's such a hassle and a lot of work that I've been remiss...easier to post babble on trolltalk.
I tend not to be 'bullish' or 'bearish'. Price spikes and drops are just things that happen. Obviously they are emotionally exciting, but I expect both of them to continue so none of them are big surprises. I just call things as I see them and tell people what I am doing. Told people I was buying in the single digits. Told people I was selling in the four digits. Told people a few days ago that I'd probably be buying right now if I had no BTC and some money to gamble with. Maybe that's what turned the market around. Who knows? I mean anyone who is watching will probably listen to my thoughts more than the perma-bull bozos who look indistinguishable from pump-n-dump scammers.
My words exactly.
LOL, are you this desperate to cross-post ? the post you replied to is not even in this thread, get your shit together or go back to your "self moderated" mental hospital.
1909.
Post 10268559 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits
nope, it started from lower double digits, so nope the bubble didn't burst.
Thats crazy though, we're two years down the line in terms of new users, media attention, big investors and infrastructure. If thats the line your going with then surely we should be back to 0 as thats where it started.
The meaning of a bubble is that bitcoin was way overpriced compared to its real value and the infrastructure and ecosystem is just catching up, although the value of Bitcoin is way better than it was 2 years ago, I think the price still doesn't reflect that value, in other words I think it is waaaaaaaaay over price against its value, lets not forget that Bitcoin is still Beta.
Bitcoin was driven by speculators and it was pumped so hard by Gox which was easy because the lack of regulation was the heaven for manipulators....if this will turn to be a reversal, I wouldn't buy Bitcoin nor use it, because it would be a clear ponzi, pump and dump scheme.
1910.
Post 10269218 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
His firm depends on Bitcoin success, and Bitcoin success for them is mostly based on the price going up which eqauls to more spending when the price going down means more hoarding, so take everything these companies and their investors says with a grain of salt.
Edit: and when he admits that there are a lot going behind the scenes it is even scarier, now we know that these wall street traders/investors were buying behind the scenes and they are now trying to "pump" their investment, in fact they don't really give a shit about the technology neither do so many here...
1911.
Post 10269508 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
Do we have to wait another year for those 10$ coins?
Personally i have a lot of patience. I will buy those $10 coins from you when you will finally capitulate from all the fear and from the realization that Bitcoin was nothing but a pump and dump overpriced trash. Don't worry, though. I will sell them again at $15 on what will be the last trade with this ridiculous ponzi scheme. I can definitely see a better currency replacing Bitcoin in the future.
I highly doubt you are able to afford all of my coins, even at 10$.
Then I will do, if I will be still interested in Bitcoin...
1912.
Post 10269925 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
This forum needs a button called "Mark as Troll", if enough people mark somebody as a Troll, all their messages can go straight to the "moon" folder where nobody has to read them.
The ignore button (a couple of years ago) used to glow from light yellow to darker orange depending on the amount of ignores, so if you saw someone with a glowing Ignore button you knew he was ignored by so many users(doesnt mean he is a troll though), you know someone like you would have a red glowing button.... but thanks to Theymos and his free speech hardcore support (which I do support as well) this doesn't work anymore.
1913.
Post 10277316 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
Tulips or
BTCeanie
BTCabies
One of the two will be worth millions one day!!!!!
Right guys? Right?
I cringe whenever i see these 2 goofy fucks trying to sell me snake oil
Bitcoin Marketcap will be worth a trillion, So please buy our bitcoins now while they are cheap... we are telling you buy from us or else you will regret it.
1914.
Post 10280328 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.53h):
I cringe whenever i see these 2 goofy fucks trying to sell me snake oil
Me too. And I believe in the snake oil.
I know that Bitcoin will be used by all kind of people, but these two fucks holding a big piece of the pie doesn't really make me comfortable at all... I don't like their approach to business in any way.
1915.
Post 10289184 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
Its cut your losses
you must be new in this thread.
Even mmitech who was one of the biggest Bitstamp shills
Really? I don't remember shilling for them, can you please point me to the post that made you think that I was shilling?
1916.
Post 10289276 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
Its cut your losses
you must be new in this thread.
Even mmitech who was one of the biggest Bitstamp shills
Really? I don't remember shilling for them, can you please point me to the post that made you think that I was shilling?
Will do later, I have to go out. You were constantly going on about how you met they guys they were to be trusted etc etc.
So living 5 min away from their offices and meeting the guys that I trusted with my money is now shilling ? the answer is no, I used them the same like many of you did, it just felt more comforting for me knowing the exchange that I use is in my town and the people that run it are known to me, I might talked about using the same local bank they use and how quick my deposits came in because of that.
BTW, I am sure I wont use them again until I see a solvency report...
1917.
Post 10289470 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
Short Squeeze incoming!
Did you mean a long squeeze ? I cant see a short squeeze happening when the price is going down.
1918.
Post 10289532 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
a Long squeeze is more likely to happen than a short squeeze.
almost
$17M $16.8M in longs
almost 13K BTC in shorts
Edit: I just realized that the USD swaps may include LTC longs as well.
1919.
Post 10291528 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
Look at pathetic BTCChina, supposedly the volume leader.. cant even break down a BTC1,400 wall. They're falling behind because the wall is too large to break.
Pathetic. That exchanges real volume is probably <20K a day, not >200k
I remember Bobby Lee the CEO of BTCChina talking about how phantom orders and how Chinese exchanges such as OKcoin and Huobi have no shame fake their order book(phantom orders) and volume... now it seems that they started doing the same in order to not fall behind.
1920.
Post 10291560 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
Amazing, Price going down, less shorts and same amount of longs...Explain that to me
Shorts
Longs
Compare it to my post before.
1921.
Post 10291635 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
I wish price would of moved to $312 instead of $310 so I could have my sell order filled...
You repeated the same post how many times already ? why didn't you sell at $300 or at $280 or $260 or $250 or now ? stop wishing and have a strategy.
BTW, how old are you ?
1922.
Post 10291646 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
OMG, the longs will get squeezed soon, this will be epic.
1923.
Post 10291723 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
explanation: these graphs make sense if you remember what adam guerbuez said: "the roller coaster that makes the current roller coaster nothing" . if you can understand these great words of wisdom then these graphs are suddenly made clear. with just one tweet adam guerbuez gave me the new skill of the ability to read bitcoin graphs in much clear defined vision .
Care to explain more, I don't really get what you are trying to say... are you trying to say that it doesn't mater, you will still have an open long position even if the price is crashing because the future growth is going to be so amazing that there is nothing to see here and now ?
1924.
Post 10291759 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
I wish price would of moved to $312 instead of $310 so I could have my sell order filled...
You repeated the same post how many times already ? why didn't you sell at $300 or at $280 or $260 or $250 or now ? stop wishing and have a strategy.
BTW, how old are you ?
I woke up at $270 after the $310 spike so I figured I would sell at ~$285 but it never came.
I think we'll see a short term bottom soon though
I'm 20
20, you should be enjoying the 20s instead of watching charts 24/7 and going crazy about it, the 20s goes by so quick, a blink of an eye and you are in your 30s... no seriously, make a strategy and stick to it.
1925.
Post 10291784 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
OMG, the longs will get squeezed soon, this will be epic.
Very likely now sub 200
Bears in full control now
Why? This is merely a consolidation
of the speculative pump to $300... It's a micro-bubble popping right now... The resemblance is remarkable! I don't know what would warrant going down now after the sustainable growth to $240/$250 - the pump to
$300 wasn't sustainable, I give you that.
Let me tell you something, the whole price ATM is way too speculative.... do you think the growth from $13 to $1200 in one year sustainable ? if you think the bubble have already popped then you are wrong my friend, the bubble is still bursting (I think).
1926.
Post 10294938 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
cornering the market is a real danger for something so small as Bitcoin is right now, these 'dumps' are just theatre to shake coins into fewer and fewer hands ... because generally people are basically stupid and influenced emotionally by price expectations (FUD).
That's why the 'satoshi' stash is needed to thwart any future market cornering attempts, before the next wave gets too big and potentially destructive.
So you think that the growth from $13 to $1200 was completely organic, and today's price really reflect the value of Bitcoin or maybe it is even undervalued ? and you also think that people managing their risk by adjusting their position by selling are just stupid morons, and the people buying/holding are just the smart elites or at least the next to be elites ?
If the above holds as yes, then why don't you sell your house, sell your wife, sell your soul and invest every last penny you have in Bitcoin, because from your posts I understand that either:
1) you are so damn sure about your position this is why your posts sounds so confident and aggressive toward the "week hands" or
2) you are shitting your pants in fear and every post is a cry about your dreams being destroyed... and to be honest I think it is the latter one.
1927.
Post 10294975 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.54h):
Guys I got an E-mail update from Linkedin, I checked out and it seems like some Bitstamp employees were changing their work to a new company called
GateHub Limited., So I then Googled it to try understand the reasons behind it and
came to find this This is what was interesting to me:
For me it all started with Bitcoin. While studying architecture and working as a freelance web designer and developer, Nejc Kodrič contacted me one day and asked me to design him a website. He explained what Bitcoin is and how he believes it will change the world. I thought he was nuts. But after a while it became clear that we could make the world a better place. Bitcoin is amazing but it has limitations when it comes to everyday use. That’s where Ripple steps in.
Working for Bitstamp from the very beginning made me very fortunate to be one of the first people to get to know Ripple.
It was hard to grasp on everything it can do. But after using it for a while I realized that the founders of this protocol are up to something. Money right now is boring. There is no Twitter, Instagram or Facebook for money. You can’t have cool apps to visualize your income or spending. The reason for that is simply because we don’t have a protocol through which these apps could communicate with each other. We don’t have an API for money.
Ripple is that protocol, it is that API which we can use right now.
Knowing all that I decided that the only way to make everybody see the future is to bring the future to them. That’s how the idea of a new gateway was born. Me and my colleagues worked very hard for the last year to create something truly useful.
We hope you’ll love it as much as we do!
Enej Pungerčar, CEO and founder of GateHub Ltd.
Investors:
Investors & Advisors
Greg Kidd, CRO Ripple Labs
Chris Larsen, CEO Ripple Labs
Nejc Kodrič, CEO Bitstamp
George Frost, Lawyer
They just shitted all over Bitcoin.
1928.
Post 10309839 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Good luck with your gamble to bully Coinbase into settling with you to avoid bad press Bay. I hope your lawyers are typical lawyers that do not worry about the law getting in the way of a good steamrolling, and you better hope they don't take it to court. Or worse, counter sue and steamroll you in the battle of "which lawyer is better".
I can see Coinbase's rep on the stand:
"it says in this article 'Bitcoin prices spike after news of first regulated U.S. bitcoin exchange'."
"Are you a bitcoin exchange?"
Coinbase Rep: "yes"
"Do you follow any regulations?"
Coinbase Rep: "yes, as a US business we face many regulations"
"So...what the fuck does this BayArea guy think he is doing?"
Coinbase Rep: "I have no fucking clue, we are counter suing him for being a dumbass"
Judge: "Case dismissed, counter suit awarded in the amount of one billion dollars (to be paid in bitcoins...Bitcoin to da moon!)"
hahahaha, bull's wet dreams...
1929.
Post 10309933 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Weekend dump, or weekend pump? That's the question now.
I think (80%) it is going to be a dump...
1930.
Post 10309955 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Weekend dump, or weekend pump? That's the question now.
Oay attention to the sell volume LTC/BTC. Its higher than the buy expect to see BTC//USD go up.
your theory don't make any sense, I saw your previous posts and I still don't really get it, I think it is just a conspiracy theory you have there....
1931.
Post 10310292 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Weekend dump, or weekend pump? That's the question now.
Oay attention to the sell volume LTC/BTC. Its higher than the buy expect to see BTC//USD go up.
your theory don't make any sense, I saw your previous posts and I still don't really get it, I think it is just a conspiracy theory you have there....
I think it makes sense. So take a look at what's been going on @ BTC-E for the last section of time.
Right now:
1) they are Dumping bitcoin for litecoin. This is decreasing the cost of bitcoin and raising the cost of litecoin.
2) they are then selling litecoin for usd.
3) then they can buy bitcoin w/ usd, cheaper than what it was previously being sold at.
The inverse also happens when pumping bitcoin to increase litecoin holdings. It's a nice little triangluar pattern that they've been doing since the last bubble.
That combined with the massive amount of shorts has allowed market makers to increase holdings/profits while keeping others suppressed. IMHO
What's even sicker is the trades seem to happen near instantaneously between ltc/btc and ltc/usd, which as Sitarow suggests, keeps value at equilibrium.
I just wish I could understand it a little bit better to try and play the swings.
1) So they are swapping BTC for LTC, OK this doesn't decreases BTC but increase LTC price
2) Then they sell the bought LTC for USD which decreases the price of LTC to the previous price, now LTC price is decreased.
3) Then they buy Bitcoin cheaper, and somehow pump the price a bit, and then they repeat the same thing....
If all this hold for truth, all they are doing is pumping BTC and creating volume and volatility, so they are forcing traders to trade which grant them more fees.... it just happened to be LTC and BTC because they are the only coins they have any volume on their site.
Besides, if only BTC-e was a market leader, I mean who even still trade at BTC-e ?
1932.
Post 10310358 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
It makes sense, but I also like your theory about more trading = more fees.
I edited my post, the logic in the previous one didn't make sense, the edited one make more sense.
1933.
Post 10310399 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
mmitech is just butthurt he didn't get back into LTC ~$1.20 and missed the pump.
didn't buy it and not thinking about buying it, I have to admit LTC was the best performing coin in my portfolio, made good money with it but I don't see any reason for its existence... the pump and dump is over, and now it is just a bad copy of Bitcoin that doesn't want to change nor get special....
if I am going to ever invest in alts I would invest only in the promising v2.0 coins such as Ethereum, I would invest even in ripple and not LTC.
1934.
Post 10323490 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Look at the bears go
1-2% decline in price and they start gigglin like a schoolgirl
It's cute
True.
Haha.
-28.78% in last 30 days , still funny?
+10000% in 4 years. Yep, hilarious
yes, but did you buy 4 years ago @ $2 ?
1935.
Post 10323534 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
This is just ignorant statement, price is defined by demand and supply and not by the cost of production, even when assuming that the cost of mining a bitcoin today is $300, what about the bitcoins that were mined last year and the year before that and so on ? the cost would be so small that today's price seems crazy profitble....
even if we consider this to hold, cost is defined by difficulty factor and mining expenses (mainly electricity) and hardware cost, assuming that the expenses and hardware cost are fixed the difficulty will drop down until the mining operations are profitable, therefore the cost is acceptable.
for someone who have been a long time around some of your statements are so ignorant, maybe it is only the fear talking....maybe you will be of those stuck holding the bag.
1936.
Post 10323592 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
I' curious how finex will stand up against the other exchanges now...~3500k BTC @ 220 on Finex while the other don't really have any resistance....
Shorts are going up slightly, but longs are barely moving down, if the prcie continue this way, longs may get squeezed and a flash crash to sub $150 is very possible.
Longs
Shorts
1937.
Post 10327075 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
And Longs are also dangers, in this case the longs are more dangerous than shorts, by looking at the charts bellow you can see that there are almost $15 M in longs, assuming these longs would be closed at today's price, this would create a selling pressure of 69000 BTC, this would bring the price to......zero, I don't know what bulls are thinking about when going long.
in the other hand shorts are around 20.5K BTC which seems 3 times less than the longs but still dangerous.... with the price still going down there is a big possibility of longs squeezing then the other possibility .
Longs
Shorts
1938.
Post 10327137 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Otoh is pumping his shitty investment, he bought almost 200K DRK (or even more) at the bubble last year, and now he cant sell on this thin market without crashing the price to 0, so the only thing left to do to save his investment from vanishing is to pump it and sell in batches.... and he don't seem ashamed about it.
here your go:
YVW! As promised, I've topped the Crsptsy wall back up to > 100 BTC now
So if anyone feels like unloading a few, please to feel free
Yes, the BTC there were temporarily tied up with day trading the > $300 jump, will edit to provide screen shot.
:p
1939.
Post 10327385 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Otoh is pumping his shitty investment, he bought almost 200K DRK (or even more) at the bubble last year, and now he cant sell on this thin market without crashing the price to 0, so the only thing left to do to save his investment from vanishing is to pump it and sell in batches.... and he don't seem ashamed about it.
What's the logic to pump thin market without real demand ?
I guess he will learn about that the hard way, wont he ?
1940.
Post 10327591 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Otoh is pumping his shitty investment, he bought almost 200K DRK (or even more) at the bubble last year, and now he cant sell on this thin market without crashing the price to 0, so the only thing left to do to save his investment from vanishing is to pump it and sell in batches.... and he don't seem ashamed about it.
What's the logic to pump thin market without real demand ?
I guess he will learn about that the hard way, wont he ?
Why do you think he's doing this in the hard way ?
There are particular signs that DRK is preparing for the next surge after months of equilibrium.
We'll see soon for sure.
Really?!! what daily volume we are talking about ? ....I had around 5K DRK last year and it took me a whole week to sell it without moving the market, it is just pathetic, beside the whole anonymity things is just over sold, Bitcoin dark wallet will offer better anonymity without relying on centralized master nodes... so I will pass on DRK.
1941.
Post 10329869 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
the price going up a bit is a good sign, I think it can go up to $260 then the next big dump will follow.
1942.
Post 10331048 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
WTF is wrong with this forum
1943.
Post 10340409 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
I love bulls, this will end so bad for most of them... and to be honest, I kind of like it
BTW, I don't think it is going over 300
1944.
Post 10340487 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.55h):
Someone is trying to squeeze shorts really hard... lets see how things develop if this really happens.
1945.
Post 10345798 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.56h):
Seems that Bitstamp is dying slowly.
1946.
Post 10367335 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.56h):
Everything on the chart is telling me that we are heading to double digits, the walls popping up and down are just a desperate attempt to hold the sinking ship, or a delusion of missing the opportunity of buying the bottom... the only healthy way for Bitcoin to survive is for this bubble to finally burst which can allow for a new path... and leave all the limitations (of course they have to be fixed first ) and the dark history behind.
1947.
Post 10367340 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.56h):
Laughing at bears - check
Cheap coins - check
Short squeeze incoming - check
I
I
I
I
V
Sub 200 incoming
I HOPE you're right. 5 BTC for a grand, can you believe it? I can't wait. Gives me a boner just thinking about it.
still overprice IMO.
1948.
Post 10367696 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_13.56h):
Everything on the chart is telling me that we are heading to double digits, the walls popping up and down are just a desperate attempt to hold the sinking ship, or a delusion of missing the opportunity of buying the bottom... the only healthy way for Bitcoin to survive is for this bubble to finally burst which can allow for a new path... and leave all the limitations (of course they have to be fixed first ) and the dark history behind.
And you think that with Bitcoin at double digits there will be no more trolls here yelling Bitcoin is doomed and we'll be seeing single digits soon? There will be even more of them then and they will be louder. Also what dark history are you talking about and how does Bitcoin trading at double digits leave that behind exactly?
There will always be trolls trolling at any price or any moment...besides, in most cases, what you consider a trolling I consider a different opinion....you really didn't see what trolling looks like.
It seems that we live in different worlds, the history I was talking about is the history of heists and crimes, drugs and paid murders, failed and amateur businesses, shitty scams and ponzi schemes, shitty wallets and lost funds, extreme volatility...... and the list goes on, when Bitcoin hits new lows many people will lose confidence (of getting quickly rich) and abandon the ship and forget about the whole scene, the media wont mention it very often, which can allow developers and serious people (like me) to work on the obvious limitations (that most get rich kids wont admit to) and prepare it for the real mass adoption... the current user base will be almost gone in a short time, and it will be gone disappointed and burned.
1949.
Post 12182899 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.23h):
1BTC = 2BTC soon
After this crash XT fork is basically dead. I doubt Core devs will even discuss whatever block size increase now.
I've been following in the shadows for months now, the block size debate is not going to stop just like that, it is a real issue that needs a permanent solution, in fact I think the heat of this debate will increase in the next following weeks. For now XT seems to be the only real solution available, all the sidechains and lightening talk is not so "productive", these can't be solutions while they are just theoretical...
many don't understand that the new code in XT will be active only if 75% of the network actually runs it (beside the planned fork time)... but anyhow, how the fork will effect the price? of course there will be some panic like always, and the price might go down, but I don't think Bitcoin will be dead, in my opinion a fork means that we still can do things to improve Bitcoin and make adaptable for mass adoption,
a planned fork is not that bad in my opinion.... just to remind people here, this is not the first Bitcoin fork, in 2013 we had an accidental fork, trading and all transaction were halted for 48 hours... and before that there was a bug in the code that allowed for massive Bitcoin generation that was also fixed by a fork, so I don't see why a planned fork is more dangerous than an accidental one?!
BTW, Today I saw a block that was found by an XT client( Slush's pool using v3 already), this means miners are switching slowly and many nodes did switch as well, and Chinese miners said that they support the new block size so there you got a massive user base switching, it is only about time...
1950.
Post 12183131 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.23h):
many don't understand that the new code in XT will be active only if 75% of the network actually runs it
And many don't understand that the 75% is not of the network but of the mining pools. And this can be easily manipulated!
Anyway, XT altcoin fork is dead now. Block size debate was just a cover up now revealing hidden agenda to introduce among bitcoin users the XT client that is simply an IP logger and blacklist aggregator!
Well, I said this few years ago, Bitcoin is not BitTorrent, bitcoin is a financial instrument and will be heavily regulated, you can try to fight it now, but whether you like it or not, these things will eventually happen... or Bitcoin transactions will be deemed illegal and businesses will be forbidden from using it, and there the mass adoption dream vanishes in front of your eyes.
1951.
Post 12183139 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.23h):
In the end the client will be decided by the exchanges not the miners.
What miner is going to mine a coin that then can't be sold on an exchange?
you got that wrong my friend, if the miners switch to the new client, exchanges wont have any other choice but to follow, because the old chain will be dead... don't forget, miners are the sole of the network, Bitcoin rely on POW, so having X% of the mining power means controlling X% of the voting power in Bitcoin's network
1952.
Post 12183309 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.23h):
Well, I said this few years ago, Bitcoin is not BitTorrent, bitcoin is a financial instrument and will be heavily regulated, you can try to fight it now, but you like or not, these things will eventually happen...
Bitcoin is not a financial instrument. Bitcoin is money. Gold is money too, not a financial instrument. Good luck regulating gold... and bitcoin.
Some people tend to forget:
"Bitcoin: A Peer-to-Peer Electronic
Cash System" Satoshi Nakamoto
Cash is NOT a financial instrument! And never will be... hopefully!
Well, to be honest, like you, I have dreams of privacy, but I also have dreams of security and peace, and if I have to compromise, I will gladly compromise some of my privacy rights for the sake of a secure and peaceful world (maybe the fact of having kids changed the way I think), and we both know what Bitcoin can be, don't just think about what you see in Bitcoin, think also about what others sees in Bitcoin, many people will find it an excellent way to launder money, finance terrorism and criminal activities, and the best way to pay for illegal products such as child porn and weapons... I guess you see the big picture here.
I know that many people here are libertarians, and I know that they will really hate me for saying this, but I don't wish to live in a world where crime is considered the price or the cost of financial freedom, why not have both security and financial freedom at once?
1953.
Post 12183364 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.23h):
many don't understand that the new code in XT will be active only if 75% of the network actually runs it
And many don't understand that the 75% is not of the network but of the mining pools. And this can be easily manipulated!
Anyway, XT altcoin fork is dead now. Block size debate was just a cover up now revealing hidden agenda to introduce among bitcoin users the XT client that is simply an IP logger and blacklist aggregator!
Well, I said this few years ago, Bitcoin is not BitTorrent, bitcoin is a financial instrument and will be heavily regulated, you can try to fight it now, but whether you like it or not, these things will eventually happen... or Bitcoin transactions will be deemed illegal and businesses will be forbidden from using it, and there the mass adoption dream vanishes in front of your eyes.
just another clueless shill for tyranny.
There is a state where there is no real government but people forcing their ideologies upon each other, it is called Islamic State in Iraq and Syria... I would like to see you moving there, and don't forget to send us some feedback about life without a civil government and constitution.
Edit: It is the pure wild-west you wish for there, I don't like to see innocent's people heads chopped off on Liveleak in Syria, but I don't mind watching a head of a terrorist going off... and terrorism really vary, the hipster rebels that want to shutdown order and government for their own financial benefits on the cost of masses are considered just as bad as terrorists IMO.
1954.
Post 13627488 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.41h):
It's the
FULLBLOCALYPSETMI think I'm done arguing. It just has to play out now.
(I was actually going to use that word but couldn't remember it exactly.)
... they have no logical ground to stand on and the whole edifice is crumbling, Crassic was just the Hearn echo swansong
52% to 72% of hashpower*, two of the most respected developers**, plus what looks like a majority of community sentiment in favor*** are saying otherwise. Oh, right, and I forgot to mention loaded posted he's in favor of 2MB****
* Depending on whether you believe rumors of "false pledges of 2MB allegiance" by some pools.
** Yes, yes, we know... "Gavin is a government shill!", "paid for by the banks", etc.
*** In here, across all forums of btctalk, perhaps doubtful -- but much less so on r/bitcoin and r/btc.
**** On reddit. Caveat: not via signed message, so could be fake.
I said that I will never speculate about price again since I started developing, even though I am in the speculation sub-forum I am going to hold to my word and not speculate about the price...
I am not against raising the block size, I am strongly in favor because Bitcoin is at the edge of technical death, most blocks are full and there is a ton of unconfirmed transactions waiting (with valid fees paid) to be included in the next blocks and the number is going up exponentially. One of the fundamental points of Bitcoin is failing, Bitcoin is no longer cheap/free especially for small transactions and this will be even worse if the price goes up.
Raising the Block size to 2 MB will not solve the problem, it will just buy us some more time, a month, two or maybe even 6 months but we will hit the cap again and when we hit that cap we better have a better solution prepared because we can't fork Bitcoin every 6 months or so to raise the block size cap.
Bitcoin is already failing as a payment system, even if we raise the block size today to 32MB, technically we wont be able to make more than 100 transaction a second, and at this rate of adoption this means certain death.
1955.
Post 13662705 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
Wouldn't touch this dead horse for now, even if they raise the block size to 32 MB, this would give us less than 100 transaction/sec, with this growth pace we will have the same problem after a couple of years, Bitcoin is already failing as a payment system.
We had twice more blocks the last hour than we suppose to have (6 blocks/hour), but blocks are full and couldn't clear the backlog of unconfirmed transactions waiting to be included, the amount of backlog went as high as 13 MB at once the last couple of days. and kept a consistent 10 MB for more than 24 hours.
Why buy Bitcoin when Ethereum can do everything Bitcoin does way better, efficient and even more....
Ethereum is the next big thing.
1956.
Post 13663011 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
Bitcoin is already failing as a payment system.
Big blocktards don't understand that Bitcoin was never ment to be payment system. it was created as electronic cash system!
Bitcoin: A Peer-to-Peer Electronic Cash SystemEvery payment system is created on top of a cash system. You can have many payment systems on top of a single cash system! If we constantly increase block size we shall never create environment where creating competitive payment system is economically feasible AND more importantly in the end we shall ruin bitcoin as cash!
Right now it is not the block size that needs to be increased. It is the tx fees that need to be increased!
What ever gives you self comfort and illusion while Bitcoin crawl to its death... instead of fixing the real issue.
We wont give our costumers what they need but lets keep increasing the fee instead, until no one wants to use our overpriced old service especially with other better and efficient services raising... this really seems like a smart move.
1957.
Post 13663056 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
It is the [use cost] that need to be increased!
Said no successful business in a competitive market anywhere.
Longterm Bitcoin has to gather enough fees to survive, without fees no miners.
Or in your business language: We can give away our product for free, said no successful business ever.
by long term you mean a couple of years from now ? or when the block reward is almost zero ? we have to define what is long term first then we can discuss what is right.
1958.
Post 13663169 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
It is the [use cost] that need to be increased!
Said no successful business in a competitive market anywhere.
Longterm Bitcoin has to gather enough fees to survive, without fees no miners.
Or in your business language: We can give away our product for free, said no successful business ever.
by long term you mean a couple of years from now ? or when the block reward is almost zero ? we have to define what is long term first then we can discuss what is right.
longterm i mean when blockreward is zero, yes. nevertheless we should already be aware of that fees are not something "evil" but overall necessary. its a balance between allowing 0-fee transactions to process, while still having enough pressure to have some fees paid.
When the block reward is zero the Bitcoin network must be so huge in term of processing transactions which means the price must be high enough to make it always profitable for miners to secure the network, but if we start excluding people now with high fees then Bitcoin already failed.
Not to mention how we always advertised Bitcoin as the cheap and fast and best solution and savor and what not.. but the main problem is not about fees or free transactions, it all goes down to block size, most of you fail to understand that
90 % of transactions in the queue waiting to be included has valid fees, so ...
1959.
Post 13663230 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
We wont give our costumers what they need
Your customers need free money. No doubt about that.
...especially with other better and efficient services raising... this really seems like a smart move.
Yes, it is a smart move. Get rid of such customers! Let them go to and ruin the other 'efficient services'.
If it is the only type of customers you have then you don't offer value in your service and you should change your business!
Read my previous comment, you really fail to understand the issue here, it is not about free or cheap transactions (although this is how we always advertised bitcoin) but it is about Block size,
90% of transactions in the queue have a valid paid fees. but there is no space to include them.
However, If you want me to pay $1 fee for a $20 worth of goods/services then I am telling you that Bitcoin is for sure failing.
1960.
Post 13663393 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
Can miners fork to 2MB and still stay with Core?
Or they're back on Classic??
The block size is one of the consensus rules of Bitcoin, nodes check consensus parameters when they connect to another node so once miners raise the block size to 2MB they will get disconnected from Core for "misbehaving".
1961.
Post 13663417 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
Can miners fork to 2MB and still stay with Core?
Or they're back on Classic??
Miners as individuals can do what they want. The issue becomes when they mine that first 1.01MB block and it gets rejected by the network (or not).
actually, they will just be on their own fork, it will get rejected from other nodes that runs Core but it will be valid on their chain and they will keep mining higher blocks, it will be the longest chain with most work, as Satoshi implied before: Bitcoin will be what the longest chain with the most work decides it to be.
1962.
Post 13663871 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
We wont give our costumers what they need
Your customers need free money. No doubt about that.
...especially with other better and efficient services raising... this really seems like a smart move.
Yes, it is a smart move. Get rid of such customers! Let them go to and ruin the other 'efficient services'.
If it is the only type of customers you have then you don't offer value in your service and you should change your business!
Read my previous comment, you really fail to understand the issue here, it is not about free or cheap transactions (although this is how we always advertised bitcoin) but it is about Block size,
90% of transactions in the queue have a valid paid fees. but there is no space to include them.
However, If you want me to pay $1 fee for a $20 worth of goods/services then I am telling you that Bitcoin is for sure failing.
I don't know what the fuck you are doing back and hanging out here and spreading your additional FUD regarding the perils and death of bitcoin?
Didn't you cash out of your total bitcoins about a year and a half ago, and you were proclaiming the same bullshit and then wouldn't leave the forum in order to keep rubbing in about how right you were about bitcoin going to zero, etc...etc. etc....
Why don't you go off and enjoy your bitcoin free life? What you need to be hanging around this thread and telling bitcoin investors that bitcoin is dying, when you really are just making things up for some seemingly malicious intermeddling purpose.
I thought you were in my ignore list, I think it is time to revisit it... yea, but if you are curious: I am a developer and I develop services around crypto, besides, any developer can have an opinion about the Bitcoin block size issue...
BTW: it is not your problem how I do spend my precious time, instead of attacking my person you can argue my points (not that I think you understand a single thing about the technical side of Bitcoin)
Edit1: BTW, don't bother responding to this, you are already back to my ignore list, a troll with an inflated ego is what you are.
Edit2: I never left, I just stopped speculating, I had/have full hands with work on actual development.
1963.
Post 13671742 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
The Pic speaks for it self
1964.
Post 13671955 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
The Pic speaks for it self
This is a Bitcoin thread in the Bitcoin section, so you shouldn't be promoting altcoins here.
Neverheless ethereum's only gone up by 10.57%. Why did you omit dogecoin which has surpassed it by going up by 11.11%? You showed dash at 5th place which has crashed, but omitted dogecoin at 6th place.
Dogecoin has been pumped numerous times, and ethereum's being pumped like any other altcoin.
dash, Litecoin, Dogecoin.... and so many other coins are just a Bitcoin copy cats, Bitcoin's limitations will apply on all the Bitcoin forks, in the other hand you have ETH which is a kick ass platform.
BTW: you don't get to tel me what I can discuss and what not especially in this thread and in this sub-forum. period.
1965.
Post 13672155 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.42h):
The Pic speaks for it self
This is a Bitcoin thread in the Bitcoin section, so you shouldn't be promoting altcoins here.
Neverheless ethereum's only gone up by 10.57%. Why did you omit dogecoin which has surpassed it by going up by 11.11%? You showed dash at 5th place which has crashed, but omitted dogecoin at 6th place.
Dogecoin has been pumped numerous times, and ethereum's being pumped like any other altcoin.
dash, Litecoin, Dogecoin.... and so many other coins are just a Bitcoin copy cats, Bitcoin's limitations will apply on all the Bitcoin forks, in the other hand you have ETH which is a kick ass platform.
BTW: you don't get to tel me what I can discuss and what not especially in this thread and in this sub-forum. period.
It's not me that tells you what you can discuss, it's the mods. This is what Lauda (a mod) has to say about a post just like yours in the Bitcoin discussion board. He says making a price comparison isn't a discussion related to Bitcoin. That post also starts with a coinmarketcap screenshot.
No it's not. This is Bitcoin related. Far superior tech replacing your precious BTC.
This is a discussion about another useless coin. This is not related to Bitcoin (making a price comparison != related to Bitcoin/B. Discussion).
Please lets stop talking about Bitcoin's technical limitations, because this way they will go away... and please don't mention any better, efficient and advanced solutions especially in the forum where most crypto enthusiasts/investors gather to get information, this way Bitcoin will never fail...
One thing you've got right, I have to stop posting hints about the dead horse, the time of free hints is gone... this will be the last one I promise.
Edit: I stopped visiting this sub-forum for almost a year, I got more productive, I will stop visiting again.... nothing good comes out of here, this is my last post ever in the speculation sub-forum.
1966.
Post 14145380 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.47h):
Oh I see that people are finally starting to realize that bitcoin is a dead old horse, I was amazed with Ethereum when they released their first beta, the Block size cluster fuck debate just sped up things.
1967.
Post 14175552 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.47h):
Bullshit, I don't have Bitcoin in my account anymore, but hey! keep that denial and delusion, it will work for you.
1968.
Post 14202660 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.48h):
The Bitcoin cult is so butt hurt over Ethereum, we all agree that the price is forming an obvious bubble, but anyone trying to convince me that Bitcoin is superior to Ethereum is either an ignorant or didn't spend enough time to study what Ethereum is and/or what it can do. What a shame, instead of embracing a great innovation, Bitcoiners are swimming in denial and delusion....
Disclaimer: I don't own any Ethers nor BTC, won't buy Ethereum because it is an obvious bubble and won't buy Bitcoin until I see actual development regarding the latest issues.
1969.
Post 14366434 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_14.48h):
Bitstamp will be adding ETH soon, a source (a credible one) told me yesterday that the implementation is done and they are just testing and tweaking things at the moment... you know what is funny, I posted this on
/r/ethtrader daily discussion and I got so many down votes, one went so far telling me I am trading my books
this just gives you a hint about people trading position.
1970.
Post 52054998 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
wow, this forum has gone downhill! no mods nowadays or what?
1971.
Post 52055586 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat.
Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold...
I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars - even though you could have been at least 16x more prosperous if you had hung onto your bitcoins. Anyhow, whatever supposed smartness that you have is merely in your imaginary fantasy thinking rather than based on reality.
TLDR: So what the fuck would you know about either bitcoin or this forum?
Go ahead point me to where I said that? I have called every bottom and top since 2012, and I have been working full time on Crypto related projects as a developer since 2014.
while you are still wasting your life arguing your nonsense on this thread...some people never change.
1972.
Post 52055679 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat.
Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold...
I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars
TLDR: So what the fuck would you know about either bitcoin or this forum?
If thats so Then “insert Will ferrell gif.... what a loser”
He probably listen to r0ach same-ish price cash out
I have not been active on Bitcointalk for a long time and in this part of the forum in ages, but I am surprised about the amount of bigotry that is going on (including r0ach posts, where are the mods?).
I have bought most of my Bitcoins in the single and double digits, I kept selling when the MA crossovers happened (bubbles popping) and buying back whenever everyone is calling dooms.
I also switched my focus from being all-in Bitcoin to investing in privacy-focused coins (Monero in 2015-2017 and Mimblewimble coins, mostly Beam now).
1973.
Post 52056141 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
Beam
Wat?
Everything you said and you'll ever say in the future has lost its credibility the moment you mentioned beam.
Beam the shitcoin, the taxcoin you pay its devs from your mining income.
So you (d)evolved into a shitcoiner in the end after all those years, sad.
go ahead define What makes a shitcoin a shitcoin?
The dev tax is necessary and priced in, not sure why do people expect devs to slave for free, not to mention that this way incentives are aligned, I don't want to see a scenario where devs have to beg for donations to be able to work full time on a project, and no in Bitcoin all high profile devs are paid for by companies like blockstream, and the whole satoshi stash (~ 1M BTC) is just a huge fucking dev fee with an unknown fate, In fact, I feel much safer with the dev tax model since I know a huge deal of it will be re-invested in R&D
People seem to misunderstand the whole open-source Free software motto, Free means freedom in this sense and not choosing beggar heaven where investors get rich while devs slaves for free.
But again, like anytime I said anything and got shit for it, let the days be our judge.
Yes, I am not a fucking maximalist, I am tech agnostic, I don't belong to a cult. I follow tech and when the tech stagnate I continue my journey looking for a better one
1974.
Post 52057199 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat.
Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold...
I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars
TLDR: So what the fuck would you know about either bitcoin or this forum?
If thats so Then “insert Will ferrell gif.... what a loser”
He probably listen to r0ach same-ish price cash out
I have not been active on Bitcointalk for a long time and in this part of the forum in ages, but I am surprised about the amount of bigotry that is going on (including r0ach posts, where are the mods?).
I have bought most of my Bitcoins in the single and double digits, I kept selling when the MA crossovers happened (bubbles popping) and buying back whenever everyone is calling dooms.
I also switched my focus from being all-in Bitcoin to investing in privacy-focused coins (Monero in 2015-2017 and Mimblewimble coins, mostly Beam now).
If you sold at the MA death cross off the 2017 peak you would have sold at sub $10k.
Beam is a joke, although “centralized privacy coin” does make for a good punch line
I sold most around $9K bought back with some of my stash around $4500, Also why do you think beam is a joke? provide an argument, but I will feel free to tell you what Beam has done better than Bitcoin (in fact Bitcoin will be never able to do this):
- it offers the best privacy out there by using the mimblewimble protocol (written from scratch).
- it has improved on the vanilla MW implementation by adding the use of decoy outputs in the Dandelion stem phase. Those decoy outputs are later being spent forward by the nodes, so no permanent clutter on the blockchain.
- It uses the cut-through tech so the whole blockchain will always be small enough to sync even on mobile devices because The cut-through removes all the intermediate states of UTXOs, essentially leaving only unspent outputs on the blockchain.
- it uses fly client which is the first privacy coin to do so
- it scales orders of magnitude better than Bitcoin or Monero or Zcash on layer1 and the implementation of layer2 doesn't expose you since both layers are anonymous.
- it has the best UX compared to any privacy coin out there
- Better coin distribution for the first year and a half by planning 2 hard forks to change the PoW to make it ASIC resilient at the early stage.
- Since in privacy coins, inflation is something that can't be easily detected, in Beam audibility is easier since no funds are created of thin air simply because the number of inputs and outputs should always cancel out due to the cut-through feature.
I will pause here and wait for you to explain why is Beam a joke.
1975.
Post 52057416 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
1. It has a massive target in the form of a centralized dev team - same as Ethereum. This is a very easy target for governments to crack.
2. Network effect is close to zero
3. The dev penalty is widely known and contrary to cypherpunk principles. Hence no buyers of last resort. It can easily run to zero and stay there.
4. ASIC resilience is a scam.
It has one thing going for it, they capped supply unlike Grin. Grin team fucked up the economics, same mistake as Monero.
1- I agree, development was designed to be centralized for the first year to allow for quicker progress (compare it to Grin or Monero for example), Ethereum and Zcash have the same model but Beam will change that by handing it to a foundation (same like the one Bitcoin had early days), but honestly if you think about it even the Bitcoin core write access is mostly held by Blockstream employees so...
2- Network effect works as long as the tech evolves, IBM had the network effect at some point as well, not denying Bitcoin's Network effect but I don't think this is a zero-sum game, don't forget that Beam was the first MW implementation, and it offers the best privacy/scaling right now.
3- Dev tax is priced in, I see the dev tax the same way I see the coinbase reward miners collect, we don't expect miners to throw free power thus we shouldn't expect devs to work for free, and you are so wrong about the cypherpunk principals, free means freedom and not slavery. also, what about the 1M BTC Satoshi owns? is it fair if he would be able to spend it one day?
4- Nothing is Asic resilient and the plan is not to be ASIC resistant, but switching PoW every 6 moths ruin any plans for any ASIC R&D thus making the distribution somewhat better the first year.
1976.
Post 52057785 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
1. Blockstream write access is tempered by the very high distribution of nodes. Including nodes which very deliberately run old versions. Also Core is not the only client. Afaik Beam has only one client.
2. People always underestimate first mover. Bitcoin is aggressively evolving - just look at Lightning.
3. Cypherpunk is not about corporatisation - c’mon man. And foundations are BS.
4. The dev team is running ASICS. I guarantee it.
Look MW and cut through are interesting technologies. But the market positioning and messaging is terrible. It has CEO ffs. This guy is going to go to jail to protect your darknet deals and tax evasion? Not a chance. It’s a privacy coin not a utility coin.
1- That is what you like to believe and that is the exact BS people are trying to sell to the public opinion, we devs look at numbers: ~
97% of nodes run Bitcoin core nodes of which only
3.2 run on 0.15.1 which is the earliest version that has any significant count, there is also a Beam Rust implementation being worked on, but this doesn't mean shit really, we've seen how this plays out with both Bitcoin and Ethereum. it doesn't really help much.
2- I did not underestimate the network effect, I acknowledged its importance but I also gave an example of how this fade away in a very noisy market especially when slow progress is made (IBM) and I also said that I don't think the crypto game is a zero-sum game like some would like to think.
3- Cypherpunk is also not about slaving your days away, the word free always meant freedom never mean slave your days away for free, most successful open source projects are lead by corporates (Popular Linux distribution like RedHat and Ubuntu, OpenSuse or projects like Mozilla, Android or libs like openssl, boost and many other libs....)
4- you guarantee it? that is kind of a huge statement without any proof! just by looking at
https://whattomine.com/ half of the hashrate comes from nicehash which is basically GPU miners chasing profitability, I have been watching this for months, when profitability jumps just a bit up the hashrate goes through the roof and vice versa.
5- Of course not, not sure if you have any idea about the open-source software, Beam is
released under the Apache license which has 0 Liability and 0 Warranty. if a government crackdown on the team it would just mean the team will not be able to commit to the source code, the community can still keep the project going, in fact, community commits are getting higher by the day.
1977.
Post 52057816 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
Find me a MW coin without dev penalty, that is decentralized and hasn’t fucked up the economics, and you will have my attention
Are people still fucking drooling over Mumble Wimble grin shit? I never understood why everyone had such a boner over it, no hardware wallet support, no gui wallet, pain to fucking actually use the damn thing.
Beam has all of that... but if the dev tax really puts you off then IDK...you are probably just another choosing beggar.
1978.
Post 52057842 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat.
Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold...
I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars - even though you could have been at least 16x more prosperous if you had hung onto your bitcoins. Anyhow, whatever supposed smartness that you have is merely in your imaginary fantasy thinking rather than based on reality.
TLDR: So what the fuck would you know about either bitcoin or this forum?
Go ahead point me to where I said that? I have called every bottom and top since 2012, and I have been working full time on Crypto related projects as a developer since 2014.
while you are still wasting your life arguing your nonsense on this thread...some people never change.
Oh... so you come back to tell us how smart you were including that posting on this thread is "wasting life?", and how you made a lot of money, too?
Perhaps your braggadocios presentation is part of the issue?
Exactly as I remember you, there has been no value from reading your posts and there is still no value... the dogs bark but the caravan moves on.
you are going into my ignore goodbye.
1979.
Post 52057953 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
Find me a MW coin without dev penalty, that is decentralized and hasn’t fucked up the economics, and you will have my attention
Game theory is all in favor of the dev tax, Don't compare it to Bitcoin because as you said, Bitcoin has that network effect, dev tax is major for a project survival the first few years before it proves viable and gains community and the same people that trash altcoins refuse to let change to happen in the first layer of Bitcoin. there is no way that MW,cut-through and fly client and all the great tech would be implemented in Bitcoin layer1.
In fact, Blockstream go trashing every project out there, they try to shame any innovation because of "bad designs/centralization" but when they do it it is fine, they went and developed liquid which is a federated centralized chain with a shitcoin token and called it Bitcoin 1.5 ...it is just ridiculous.
read this thread.
1980.
Post 52058397 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
Sorry if you understood me the wrong way, I am not trying to sell you anything, I did mention how I am diversifying my portfolio this time and why.
I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.
1981.
Post 52058653 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.
No one will use company/foundation/corporation/country/whatever owned coins. Specially with alternatives they have.
Data show otherwise, Beam average number of transactions daily
is much more than
Monero and definitely more than Zcash and Grin combined and it is growing daily, again I am not trying to convince you anything, just get your facts straight.
Someone asked me how come an OG like me is into altcoins, the truth is that I joined this space for 2 things: interesting tech and making profits, and after 7 years I am still looking at all kinds of tech and trying to make a living off it at the same time, so all I can say to you guys is don't be stuck in that echo chamber of maximalism, be a minimalist on maximalism because it is becoming a cult.
Ask yourself what is the goal behind your involvement in this space, then be agnostic about it.
1982.
Post 52060753 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
I'd like to see any of these shitcoin lovers that come and grace this thread, answer this one question:
If Bitcoin functions securely, has the most and widest user/broker/exchange/merchant/miner support, and does everything it needs to do for both e-commerce transactions and SoV, why look elsewhere for anything else?
If you can't answer honestly without throwing in " 'cause speculation reasons", then you are full of shit. Because outside of that, trying to get rich on a flyer or something, you'd have no valid reason.
Horrible privacy, Horrible scaling at the first layer, unreliable for microtransactions...etc, and now toxic community that has cult-like features.
Beam is everything that Bitcoin is not that is why I say it is not a zero-sum game.
Also, ain't no one telling me about how is the code is great, I worked for a company that basically made shitcoins for other companies (private blockchains), it is so much insulting to hear about how much talent Bitcoin devs have, other industries have thousands of better-talented people that you can't even start comparing.. I cringe so hard every time I hear this especially because most of the time it comes from noobs who have no idea.
1983.
Post 52061048 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
I have called every bottom and top since 2012
I sold most around $9K bought back with some of my stash around $4500
Muahaha just for your info, $9k was not the top and $4.5k was not the bottom
I will probably check in after another 3 years
Please check in... never
I didn't phrase that accurately it was not the exact top and bottom, it is not like everyone catches the exact bottom and top, Buying back around $200 gave me 45X gains and I also bought Ethereum at around $0.85, I made a killing there as well.
1984.
Post 52061057 (copy this link) (by mmitech) (scraped on 2020-04-04_Sat_16.57h):
I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.
No one will use company/foundation/corporation/country/whatever owned coins. Specially with alternatives they have.
Data show otherwise, Beam average number of transactions daily
is much more than
Monero and definitely more than Zcash and Grin combined and it is growing daily, again I am not trying to convince you anything, just get your facts straight.
Someone asked me how come an OG like me is into altcoins, the truth is that I joined this space for 2 things: interesting tech and making profits, and after 7 years I am still looking at all kinds of tech and trying to make a living off it at the same time, so all I can say to you guys is don't be stuck in that echo chamber of maximalism, be a minimalist on maximalism because it is becoming a cult.
Ask yourself what is the goal behind your involvement in this space, then be agnostic about it.
Sad to see another legendary account sold/stolen and turned into a shitcoin shill.
Nah I am legit:
https://github.com/mmitechhttps://twitter.com/mmitech
