All posts made by Nagan in Bitcointalk.org's Wall Observer thread
1.
Post 3401174 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.18h):
Excellent, this correction is damn healthy. The longer it hovers around 200, the better.
2.
Post 3426465 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.19h):
Yes but it does give bitcoin a physical presence out there in the real world.
Why does a non physical currency need a physical presence?
Might as well ask: Why does love need sex?
(People are physical.)
"Information in physical" - Rolf Landauer, IBM (1991)
Information is inevitably tied to a physical representation. It can be engraved on stone tablets, denoted by a spin up or down, a charge present or absent, a hole punched in a card, or many other alternative physical phenomena. It is not just an abstract entity; it does not exist except through a physical embodiment. It is, therefore, tied to the laws of physics and the parts available to us in our real physical universe.
3.
Post 3537012 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.22h):
Awesome, almost too perfect
4.
Post 3601111 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.23h):
There is too much risk associated in trading right now that Bitcoin price is so high, one bad trade and you can lost thousands of dollars, that hurts a lot.
This is not the same as when Bitcoin was worth 10 dollars, so people trend to trade less and less, at least common people.
I personally don't give a shit about volatility, dips or corrections, and unless the uptrend is clearly broken i will not sell one single satoshi.
I think most people feels the same.
First world problems
5.
Post 3630568 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.25h):
Mother of God... With what price I'm going to wake up with?
6.
Post 3630715 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.25h):
Mother of God... With what price I'm going to wake up with?
$1000 or $100.
Or something in between.
ikr? i feel the irrational exuberance starting to kick in...
It's kicking for the whole week already.
7.
Post 3638740 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.25h):
oooops
Yes, the bid sum / ask sum ratio points to the 250$ - 300$ range, that's why I am not buying now.
Possibly missing some 10% profit, but not worth the risk IMO.
that doesn't look good.
This graph can be somehow misleading. It's because it's dynamically adjusted: bid line still looked much "higher" over asks on the May 11th. So that it always looks "worse" in retrospect. Yearly graph is a bit more clear.
8.
Post 3737139 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.29h):
9.
Post 3751605 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.30h):
It's full-on mainstream now. People in facebook keep whining on: "why didn't I mine two years ago..; I should have bought" etc.
The same IT folks who were ignorant, suddenly are asking to sell some BTC (and yes, there's this fetish of whole bitcoin). And what worries me, is that they all are asking about cash out charges. Not that much interest in the technology itself. They see it as a bubble, and just want some quick buck in a month or so. Sadly this could be a self fulfilling prophecy, lead by masses.
10.
Post 3806519 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.31h):
We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.
Now it is sideways from here, or up (with the possibility of crash from higher levels).
Turned bull. Ugh.
Have you been trying to induce a crash?
Well,
induce is a strong word. I was just - umm - thinking that it would be good for Bitcoin to have a smaller crash from lower levels, compared to a deep one from high. In addition my own position was aligned to profit a little. Then the time seemed right, and indeed there was some action. I could several times sell at the local top and buy back at near bottom. Not to profit on anyone's expense, of course! Far be that from me.
Everyone benefits when the bubble is pricked every so often. "Prick", how did that come to my mind. Ahem...
The
operation wishful and feeling-based daytrading ended up making a small gain only, since the buyback target was not reached, it was only a swing here and there and mainly everything was hedged from China anyway since they did not crash much at all. In another thread I said that I made only
BTC15, but that is probably a gross understatement like almost everything I say. Mommy told that you should not disclose your true wealth and power (funny to say that to a 5-year old). I have sticked to the advice, although it constantly angers me that teenagers piss on my shoes. When I was a teenager, everyone else in BBS's was max 20 also, so it was more equal. One guy had 18" loudspeakers, he was my idol. But he was 28 and prolly had a job.
EDIT: Or a rich dad. I never asked. Those days we had a
respect towards wealthy people. Or maybe I was just shy to approach him...
Thanks on taking the initiative to prick the bubble. I feel some sense of relief for now.
11.
Post 3817502 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.31h):
bitcoinity just switched to mBTC by default - awesome!
12.
Post 3817831 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.31h):
I'm not convinced that mBTC is a good idea. Seems like some people just want to fool the market and noobs into thinking that bitcoins are cheaper than they are. One thing about Bitcoin is that it is the first 100% honest money. If it costs $1100 for each coin, then so be it!
I think it's evolution, not just for the noobs. Unless you look at it as commodity, not money. When my friends ask me how much have I paid for something in BTC, answering something like 0.055 sounds geeky, but that doesn't serve a purpose.
13.
Post 3832693 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.32h):
LOL Google translate:
""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."
14.
Post 3862722 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.33h):
Bloody wedding, huh? I'll buy some for future generations in the meantime.
15.
Post 4416406 (copy this link) (by Nagan) (scraped on 2020-04-04_Sat_11.53h):
Bitcoins paid for "crap" at overstock.com and sold in the market will balance out the price rise from bullish news